Global Automotive Power Steering Pump Housing Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Automotive Power Steering Pump Housing Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Automotive Power Steering Pump Housing market size was valued at USD 5350.5 million in 2023 and is forecast to a readjusted size of USD 7710.9 million by 2030 with a CAGR of 5.4% during review period.

Automotive power steering pumps housing aid the movement of power steering system by applying the principle of fluid mechanics. Automotive power steering pump housing is used to sealing the pump to prevent fuel leakage. These sealing assure superior engine performance. Moreover it enhances the performance of steering in addition to reduce the noise level appearing while harsh turning of vehicles.

The global automotive power steering pump housing market refers to the industry involved in the production, distribution, and sales of power steering pump housing components used in vehicles. This market is influenced by factors such as vehicle production, technological advancements, and demand for power steering systems.

Factors Driving the Market Growth:

Rising demand for power steering systems: Power steering systems are essential in modern vehicles to provide ease and comfort in steering. The increasing consumer preference for power steering in vehicles is driving the market growth for power steering pump housings.

Vehicle production and sales: Growing automotive production and sales in regions like Asia Pacific, Europe, and North America are fueling the demand for power steering pump housings.

Technological advancements: With advancements in power steering technology, there is a continuous need for innovative power steering pump housing solutions that are more efficient, lightweight, and durable.

Focus on fuel efficiency and sustainability: Manufacturers are developing power steering pump housing components that contribute to fuel efficiency and reduce emissions, aligning with the industry’s focus on sustainability.

Increasing adoption of electric power steering (EPS): The shift towards electric power steering systems, which are more energy-efficient and lightweight compared to hydraulic systems, is driving the demand for power steering pump housings suitable for EPS systems.

Regional Market Trends: The automotive power steering pump housing market is geographically diverse, with key regions including Asia Pacific, Europe, North America, and Rest of the World. Asia Pacific is expected to dominate the market due to its significant automotive production and sales. Europe and North America also hold substantial market shares due to their established automotive industries.

Competition and Key Players: The market is highly competitive, with several global and regional players. Key players in the global automotive power steering pump housing market include ZF Friedrichshafen AG, TRW Automotive Holdings Corp., Bosch Automotive Service Solutions, Cardone Industries, Magna International Inc., JTEKT Corporation, and many more.

The global automotive power steering pump housing market is witnessing growth due to the increasing demand for power steering systems, vehicle production, technological advancements, and the shift towards electric power steering systems. The market is expected to continue growing as automakers focus on enhancing driving comfort, efficiency, and sustainability.

The Global Info Research report includes an overview of the development of the Automotive Power Steering Pump Housing industry chain, the market status of Passenger Car (Stainless Steel, Mild Steel), Commercial Vehicle (Stainless Steel, Mild Steel), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Automotive Power Steering Pump Housing.

Regionally, the report analyzes the Automotive Power Steering Pump Housing markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Automotive Power Steering Pump Housing market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Automotive Power Steering Pump Housing market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Automotive Power Steering Pump Housing industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., Stainless Steel, Mild Steel).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Automotive Power Steering Pump Housing market.

Regional Analysis: The report involves examining the Automotive Power Steering Pump Housing market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Automotive Power Steering Pump Housing market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Automotive Power Steering Pump Housing:

Company Analysis: Report covers individual Automotive Power Steering Pump Housing manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Automotive Power Steering Pump Housing This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Passenger Car, Commercial Vehicle).

Technology Analysis: Report covers specific technologies relevant to Automotive Power Steering Pump Housing. It assesses the current state, advancements, and potential future developments in Automotive Power Steering Pump Housing areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Automotive Power Steering Pump Housing market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Automotive Power Steering Pump Housing market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Stainless Steel
Mild Steel
Aluminum
Cast Iron
Others

Market segment by Application
Passenger Car
Commercial Vehicle

Major players covered
Farinia Group
CIREX
ZF Friedrichshafen AG (TRW)
Robert Bosch GmbH
Nexteer Automotive
Melling
JTEKT Corporation
GKN Automotive Limited
Maval Industries
Quanxing Machining Group Co., Ltd.
TRW Automotive Holdings Corp
Cardone Industries
Magna International Inc

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Automotive Power Steering Pump Housing product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Automotive Power Steering Pump Housing, with price, sales, revenue and global market share of Automotive Power Steering Pump Housing from 2019 to 2024.

Chapter 3, the Automotive Power Steering Pump Housing competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Automotive Power Steering Pump Housing breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Automotive Power Steering Pump Housing market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Automotive Power Steering Pump Housing.

Chapter 14 and 15, to describe Automotive Power Steering Pump Housing sales channel, distributors, customers, research findings and conclusion.