Automotive Steering System Market Intelligence Report - Global Forecast to 2027

Automotive Steering System Market Intelligence Report - Global Forecast to 2027

The Global Automotive Steering System Market is projected to reach USD 48,076.89 million by 2027 from USD 34,074.69 million in 2021, at a CAGR 5.90% during the forecast period.

Market Statistics:

The report provides market sizing and forecast across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2019 and 2020 are considered historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered the forecast period.

• The Americas Automotive Steering System Market size was estimated at USD 13,431.48 million in 2021 and expected to reach USD 13,958.53 million in 2022, at a CAGR 5.25% to reach USD 18,263.65 million by 2027.
• The Asia-Pacific Automotive Steering System Market size was estimated at USD 8,977.57 million in 2021 and expected to reach USD 9,868.66 million in 2022, at a CAGR 7.34% to reach USD 13,735.33 million by 2027.
• The Europe, Middle East & Africa Automotive Steering System Market size was estimated at USD 11,665.63 million in 2021 and expected to reach USD 12,199.35 million in 2022, at a CAGR 5.49% to reach USD 16,077.91 million by 2027.

Market Segmentation & Coverage:

The report on automotive steering system identifies key attributes about the customer to define the potential market and identify different needs across the industry. Understanding the potential customer group's economies and geographies can help gain business acumen for better strategic decision-making. Our market coverage across different industry verticals reveals the hidden truth about the players' strategies in different verticals and helps the organization decide target audience. This report gives you the composite view of sub-markets coupled with comprehensive industry coverage and provides you with the right way of accounting factors such as norms & regulations, culture, to make right coverage strategy for your market plan.

This research report categorizes the automotive steering system to forecast the revenues and analyze the trends in each of the following sub-markets:

Type:

• Electro-hydraulic Power Steering
• Electronic Power Steering
• Hydraulic Power Steering

Vehicle:

• Heavy Commercial Vehicle
• Light Commercial Vehicle
• Passenger Vehicles

Region:

• Americas
  • Argentina
  • Brazil
  • Canada
  • Mexico
  • United States
    • California
    • Florida
    • Illinois
    • New York
    • Ohio
    • Pennsylvania
    • Texas
• Asia-Pacific
  • Australia
  • China
  • India
  • Indonesia
  • Japan
  • Malaysia
  • Philippines
  • Singapore
  • South Korea
  • Taiwan
  • Thailand
• Europe, Middle East & Africa
  • France
  • Germany
  • Italy
  • Netherlands
  • Qatar
  • Russia
  • Saudi Arabia
  • South Africa
  • Spain
  • United Arab Emirates
  • United Kingdom

Company Usability Profiles:

• Boggs Automotive
• China Automotive Systems Inc.
• DENSO Corporation
• DRiV Automotive Inc.
• Global Steering Systems, LLC
• Hitachi, Ltd.
• Hyundai Mobis Co. Ltd.
• IPG Automotive GmbH
• JTEKT Corporation
• Mando Corporation
• Mitsubishi Electric Corporation
• Motorama Management Pty Ltd.
• Nexteer Automotive
• NSK Corporation
• Pailton Engineering Limited
• Robert Bosch GmbH
• Rollax GmbH & Co. KG
• Roop Automotives Ltd.
• ThyssenKrupp AG
• ZF Friedrichshafen AG

Currency: USD

Base Year: 2021

Estimated Year: 2022

Forecast Year: 2027

Base Year Value: USD 34,074.69 million

Estimated Year Value: USD 36,026.55 million

Forecast Year Value: USD 48,076.89 million

CAGR (%): 5.90%.

Please Note: PDF & Excel + Online Access - 1 Year