Global Automotive Steering Systems Market Growth 2023-2029

Global Automotive Steering Systems Market Growth 2023-2029

Automotive Steering Systems refers to a series of devices used to change or maintain the direction of the vehicle; its function is to control the direction according to the driver’s aim. Automotive steering system is one of the most basic systems of the vehicle.

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

This Insight Report provides a comprehensive analysis of the global Automotive Steering Systems 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 Automotive Steering Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Steering Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Steering Systems 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 Automotive Steering Systems.

The global Automotive Steering Systems market size is projected to grow from US$ 35540 million in 2022 to US$ 43120 million in 2029; it is expected to grow at a CAGR of 43120 from 2023 to 2029.

The global automotive steering systems market is relatively concentrated, the sales of top eleven manufacturers include JTEKT, Bosch, ZF, NSK, Nexteer Automobile, Thyssenkrupp, Mando, Mobis, Showa, Sona Koyo and CAAS, account about 67% of total global sales. The largest manufacture of utomotive steering systems is JTEKT, and the next is Bosch and ZF.

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

Market Segmentation:

Segmentation by type

EPS

HPS

EHPS

MS

Segmentation by application

Passenger Vehicle

Commercial Vehicle

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.

JTEKT

Bosch

ZF

NSK

Nexteer Automobile

Thyssenkrupp

Mando

Mobis

Showa

Sona Koyo

CAAS

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Steering Systems market?

What factors are driving Automotive Steering Systems market growth, globally and by region?

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

How do Automotive Steering Systems market opportunities vary by end market size?

How does Automotive Steering Systems 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.