Sector Innovation Report: Steering Systems Q1 2025

Sector Innovation Report: Steering Systems Q1 2025

Summary

The global steering systems market was at 90.4 million units in 2024. However, the sector posted a CAGR of 0.4% during 2019-24. Over the forecast period, the sector is expected to reach 97.7 million units by 2029 and record a CAGR of 1.6%.

Scope

This report synthesizes data from multiple sources to offer a comprehensive overview of the global steering systems sector. It encompasses an analysis of the following -

• Latest Developments: This section provides information on recent deals and news relevant to the sector, gathered from a wide range of unstructured data sources, which is then analyzed and standardized to provide consumable information.
• Tech Foresight & Patent Analysis: This section offers an overview of patent filings within the sector, categorizing them by region, country, and leading applicants.
• Sector Forecast: This section delivers an in-depth analysis of the global market, including actual volumes from 2019 to 2024 and volume growth projections from 2025 to 2029. Additionally, it presents a regional overview across five regions-Asia-Pacific, Europe, the Middle East and Africa (MEA), North America, and South America-emphasizing sector size and identifying regional growth drivers.
• Key Companies: The report provides a summary of the leading component suppliers at both global and regional levels. It also examines recent product innovations and outlines key strategic initiatives undertaken by these companies.
• Job Analytics: This section presents a comprehensive overview of job listings from prominent firms within the industry. It categorizes these opportunities by country, required experience, occupational trends, and levels of seniority.
• Global Advertising Analytics: This section delivers an insightful overview of sector-related advertisements, organizing them by media type and geographic location.

• Auto OEMs and component suppliers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region. The report provides a detailed analysis of the regions and competitive landscape that can help companies gain insight into the region-specific nuances. To gain competitive intelligence about leading component suppliers in the sector in the region with information about their market share and growth rates.