The global automotive steering system market was valued at $29,423.8 million in 2017, and is projected to reach $45,349.8 million by 2025, registering a CAGR of 5.4% from 2018 to 2025. In 2017, Asia-Pacific accounted for the highest share in the global automotive steering system market.
An automotive steering system is set of components used to control the direction of vehicle motion and help driver maneuver the vehicle as per the requirement. The hand-operated steering wheel, steering column, universal joints and rack & pinion mechanism contribute to the automotive steering system component. The development has led to change the steering system from manual steering to power assist steering system. The automotive steering system is considered as non-replaceable in automobiles and is responsible for effective control on vehicles making it a vital component in automobiles. The market for automotive steering system is highly demanding as the steering system is obligatory in automobiles.
Get Sample Copy of this Report @ https://www.bigmarketresearch.com/request-sample/2857633?utm_source=Anil&utm_medium=OPR
The market is segmented by type of automotive steering system used, which includes hydraulic power steering, electronic power steering, and electro-hydraulic power steering system. Also, based on vehicle type, the market is bifurcated into commercial vehicle and passenger vehicle. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players analyzed in the automotive steering system market include China Automotive Systems Inc., JTEKT Corporation, Nexteer Automotive, Mando Corporation, ThyssenKrupp Presta AG, Robert Bosch Automotive Steering GmbH, Showa Corporation, NSK Ltd, Mitsubishi Electric Corporation, Sona Koyo Steering Systems Ltd., and Hyundai Mobis Co. Ltd
Key Benefits for Automotive Steering System Market:
- This study presents the analytical depiction of the global automotive steering system market along with the current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2018 to 2025 to highlight the financial competency of the market.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
Automotive Steering System Key Market Segments:
- Electronic Power Steering
- Hydraulic Power Steering
- Electro Hydraulic Power Steering
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
Get a discount on this research report @ https://www.bigmarketresearch.com/request-for-discount/2857633?utm_source=Anil&utm_medium=OPR
Table of Content:
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.3. Porters five forces analysis
3.4. Market share analysis (2017)
3.5. Market dynamics
188.8.131.52. Increasing demand of automotive
184.108.40.206. Adoption of power steering system
220.127.116.11. High cost associated with power steering system
18.104.22.168. Low Penetration of Power steering in Low Segment Vehicles
22.214.171.124. Globe Introduction of Drive-by-wire
126.96.36.199. Increase in sale of automotive vehicles
188.8.131.52. Consumer preference towards driving comfort
CHAPTER 4: AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE
4.2. ELECTRONIC POWER STEERING
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis by country
4.3. HYDRAULIC POWER STEERING
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis by country
4.4. ELECTRO-HYDRAULIC POWER STEERING
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis by country
Big Market Research has a range of research reports from various publishers across the world. Our database of reports of various market categories and sub-categories would help to find the exact report you may be looking for.
We are instrumental in providing quantitative and qualitative insights on your area of interest by bringing reports from various publishers at one place to save your time and money. A lot of organizations across the world are gaining profits and great benefits from information gained through reports sourced by us.
5933 NE Win Sivers Drive, #205, Portland,
OR 97220 United States
Toll Free: +1-800-910-6452
E-mail [email protected]