Global Automobile Steering Gear Market Growth 2023-2029

Global Automobile Steering Gear Market Growth 2023-2029

The global Automobile Steering Gear market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Automobile Steering Gear is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Automobile Steering Gear is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Automobile Steering Gear is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Automobile Steering Gear players cover Knorr-Bremse, Shanghai Beite Technology, Nexteer Automotive, Bosch, JTEKT, ZF Friedrichshafen, ThyssenKrupp Technologies, CAAS and Yubei Steering System, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

Automobile steering gear, also known as steering gear and steering gear, is the most important part of automobile steering system. Its function is to increase the force transmitted from the steering wheel to the steering transmission mechanism and change the direction of force transmission. It is a machine that reduces the driver's effort when turning and achieves the purpose of ease and convenience for the driver when driving. Mainly divided into rack and pinion steering and worm gear steering.

LPI (LP Information)' newest research report, the “Automobile Steering Gear Industry Forecast” looks at past sales and reviews total world Automobile Steering Gear sales in 2022, providing a comprehensive analysis by region and market sector of projected Automobile Steering Gear sales for 2023 through 2029. With Automobile Steering Gear sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automobile Steering Gear industry.

This Insight Report provides a comprehensive analysis of the global Automobile Steering Gear landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automobile Steering Gear portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automobile Steering Gear market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automobile Steering Gear and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automobile Steering Gear.

This report presents a comprehensive overview, market shares, and growth opportunities of Automobile Steering Gear market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Rack and Pinion Steering
Worm Gear Steering

Segmentation by application
Passenger Vehicles
Commercial Vehicles

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Knorr-Bremse
Shanghai Beite Technology
Nexteer Automotive
Bosch
JTEKT
ZF Friedrichshafen
ThyssenKrupp Technologies
CAAS
Yubei Steering System
Zhejiang Shibao Company Limited
Mando

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automobile Steering Gear market?

What factors are driving Automobile Steering Gear market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automobile Steering Gear market opportunities vary by end market size?

How does Automobile Steering Gear break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.