Automotive Steering Systems Market size is Grow at CAGR of 4.9% Over the Forecast Period 2023-2028


“Automotive Steering Systems Market size 2023 Global SWOT Analysis & Key Players: Nexteer Automobile Group Limited (US), JTEKT Corporation (Japan), NSK Ltd. (Japan), Hyundai Mobis Co., Ltd. (South Korea), & more”

Automotive Steering Systems Market Size Scope & Overview:

Both a current industry overview and a thorough analysis of the major market factors are included in a market report on the  Automotive Steering Systems Market Size  The most precise estimates of the market's development potential are made after a thorough review of historical and present growth features. An executive summary of the market is provided in the study's first section, along with a summary of significant findings and information. It also offers information on the market's supply and demand trends.

To help readers comprehend the key industry statistics, this study contains a thorough taxonomy and a definition of the market. Important data regarding the development of the  Automotive Steering Systems Market Size industry is also included in the report. The market analysis identifies key industry trends that are anticipated to have a substantial impact on market growth in the upcoming years. This section also includes specific industry trends.

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Key Companies Listed in Automotive Steering Systems Market Size are:

  • Nexteer Automobile Group Limited (US)
  • JTEKT Corporation (Japan)
  • NSK Ltd. (Japan)
  • Hyundai Mobis Co., Ltd. (South Korea)
  • Showa Corporation (Japan)
  • Mitsubishi Electric Corporation (Japan)
  • Sona Koyo Steering System Ltd. (India)
  • TRW Automotive Holdings (US)
  • Thyssenkrupp Presta (US)
  • China Automotive System Inc. (China)
  • and Robert Bosch GmbH dominate

Market Segmentation

To cover every facet of the industry and give readers a comprehensive understanding of the market, the global  Automotive Steering Systems Market Size is divided into a substantial number of segments. The main macroeconomic elements that are anticipated to affect market growth throughout the course of the anticipated period are explained in this study. The macroeconomic challenges, the market's value chain, supply chain, forecast elements, and value chain analysis are all covered in this part. The section that follows offers in-depth details on market dynamics and an analysis of how they affect the sector.

Major Segments & Sub-Segments Listed in this report are:

By Technology:

  • Electric power steering (EPS),
  • Electrically assisted hydraulic power steering (EHPS)
  • Hydraulic power steering (HPS)

By Component:

  • Hydraulic Pump
  • Electric Motor
  • Steering Column
  • Steering Wheel Speed Sensor

By Type:

  • Column-EPS (C-EPS)
  • Rack-EPS (R-EPS)
  • Pinion-EPS (P-EPS)

By Vehicle Type:

  • Passenger car (PC)
  • Heavy commercial vehicle (HCV)
  • Light commercial vehicle (LCV)

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COVID-19 Impact Analysis

The COVID-19 pandemic's effects on the  Automotive Steering Systems Market Size  are described in detail in the report. The potential and ongoing effects of the COVID-19 pandemic market are also well known. The study comprises an evaluation of future opportunities as well as a thorough review of the prior market.

Competitive Outlook

In this market research report, the leading companies in the  Automotive Steering Systems Market Size  are identified in-depth, along with detailed information about each business, including its description, revenue breakdown, strategy overview, and most recent developments. The report offers considerable qualitative and quantitative market data in addition to the research technique utilized to draw the various conclusions.

Report Conclusion

The target market has been carefully examined for the study report. In addition to secondary research, the study methodology involves interviews with stakeholders at every stage of the value chain. Reports on  Automotive Steering Systems Market Size  research are available for a wide range of product categories and businesses. You can benefit from these in-depth research investigations by having a better grasp of the crucial elements affecting your business.

Table of Contents -Major key Points:

  1. Introduction
  2. Research Methodology
  3. Market Dynamics
  4. Impact Analysis
  5. Value Chain Analysis
  6. Porter’s 5 Forces Model
  7. PEST Analysis
  8. Global Automotive Steering Systems Market Segmentation, BY Technology
  9. Global Automotive Steering Systems Market Segmentation, By Component
  10. Global Automotive Steering Systems Market Segmentation, By Type
  11. Global Automotive Steering Systems Market Segmentation, By Vehicle Type
  12. Regional Analysis
  13. Company Profiles
  14. Competitive Landscape
  15. Conclusion

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Published in

Automotive , Business

Published on

Jan 30, 2023

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