Automotive Steering System Market to Grow at a CAGR of 4.3% to reach US$ 30,875.8 Million from 2020 to 2027

Automotive Steering System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Electronic Power Steering, Hydraulic Power Steering, and Electro-Hydraulic Power Steering) and Vehicle Type (Passenger Cars and Commercial Vehicles)

Publication Month: Mar 2021 | Report Code: TIPAT100001344 | No. of Pages: 179 | Category: Automotive and Transportation | Status: Published

The global automotive steering system market was valued at US$ 22,501.01 million in 2020 and is projected to reach US$ 30,875.8 million by 2028; it is expected to grow at a CAGR of 4.3% during 2021–2028.

There is an increase in use of buses and trucks worldwide, especially for logistics and public transportation. In Asia, Oceania, and Europe, public transportation is preferred over private transportation, while in North America, private cars are the primary mode of transportation. As the population in urban areas is growing, there is a need for increased public transit, and the current transportation infrastructure is proving inadequate. OEMs worldwide are now focused on lowering global carbon emissions, which is leading to increase in use of electric cars. Passenger cars and taxis are concentrating more on the introduction of greener technology as the demand increases. The manufacturers are concentrating their efforts on electrification of vehicles, especially passenger cars. Several countries worldwide are putting a lot of work into creating green transportation. For example, in May 2019, China's Ministry of Transport and other ministries jointly released the Green Travel Action Plan for 2019–2022, which encourages the use of green vehicles. In addition, the country will continue to improve public transportation and information systems that promote green transportation.

Governments across the world are taking several steps to minimize CO2 emissions. They are providing tax cuts and incentives to promote the use of electric vehicles in public transportation, such as e-trucks and e-buses. BYD K9, Mercedes Benz electric truck, and Tata Starbus Hybrid e-buses are a few examples of electric vehicle models. Some commercial vehicle manufacturers have recently unveiled electric buses, and others have announced plans to convert full-size trucks and pickup trucks to battery-electric platforms. Thus, the rising demand for electric vehicles is contributing to the growth of the global automotive steering system market.

Impact of COVID-19 Pandemic on Automotive Steering Market

As of March 2021, the US is the worst-hit country in North America, with around 30.5 million confirmed cases of infected individuals facing severe health conditions across the country. The continuous growth of infected individuals has led the government to impose lockdown across the nation’s borders. Majority of the manufacturing plants are shut, municipalities are functioning slowly as compared to past, and the automotive and semiconductor industries are at a halt, which is negatively impacting the automotive steering system market. In terms of patient count and death toll, Canada and Mexico are still at a nascent stage than the US. However, the manufacturing plants, the automotive industry, and several other businesses are functioning slowly, which is hindering the automotive steering system market. The COVID-19 outbreak would have a limited but negative short-term impact on the global market.

Lucrative Regions for Automotive Steering System Market

Lucrative Regions for Automotive Steering System Market

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Market Insights–Automotive Steering System Market

Stringent Fuel Efficiency Norms Compel Demand for Automotive Steering Systems

Several governments across the world have enacted strict automotive emission and fuel economy legislations. Fleet-level regulations have been enforced by regulatory bodies such as the National Highway Traffic and Safety Administration in the US and the International Council on Clean Transportation in Europe. Automobile manufacturers must adhere to the average pollution cap decided by these regulations. These regulations have pushed automakers to spend more in fuel-efficient steering systems such as electronic power steering. As opposed to conventional hydraulic steering systems, electrically assisted power steering systems are lighter in weight and have a simpler structure.

According to the US Department of Energy, in ideal conditions, electronic power steering (EPS) systems can improve fuel efficiency by 2 to 4%, reduce fuel consumption by up to 6%, and reduce CO2 emissions by 8 grams per kilometer. As per the estimates by Nexteer Automotive Corporation, EPS systems have saved nearly 3 billion gallons of gas since 1999. Unlike hydraulic systems, which pump fluid continuously when the engine is running, these systems only use power when the wheels are turned. Europe has the highest penetration of electrically assisted power steering, followed by North America and Asia Pacific. Thus, the various stringent government norms for ensuring fuel efficient vehicles on road are expected to influence the demand for EPS, thereby contributing to the market growth over the forecast period.

Type Segment Insights

Based on type, the automotive steering system market is segmented into electronic power steering, hydraulic power steering, and electro-hydraulic power steering. The electronic power steering accounted for the largest share in the global market in 2020. In the event of an accident, the collapsible steering column is a mechanism consisting of an upper column and a lower shaft, with the lower shaft going into a housing. In passenger cars and light commercial vehicles, this column is mounted. The primary factors driving the growth of collapsible steering columns in EPS systems are the growing development of passenger cars and light commercial vehicles, and increasing government mandates on road safety.

Vehicle Type Segment Insights

Based on vehicle type, the automotive steering system market is bifurcated into passenger vehicles and commercial vehicles. In 2020, the passenger vehicle segment accounted for a larger share in the global market. Because of the improved economic situation and increase in consumers' disposable incomes, the global automotive industry has seen steady growth in demand for and sales of passenger cars. From transportation to comfortable/convenient transportation, and from convenient transportation to luxurious and secure transportation, the world has seen a gradual change.

Automotive Steering System Market, by Vehicle Type (% Share)

Automotive Steering System Market, by Vehicle Type (% Share)

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Source: The Insight Partners Analysis, Primary Interviews, Magazines and Journals, and Secondary Sources

Strategic Insights

The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.

In 2021, China Automotive Systems, Inc. launched a new EPS product to empower ADAS. This new EPS product is based upon proprietary technologies developed by CAAS' research & development team. The company had begun mass production of this product for new vehicle models of the leading Chinese automaker, Great Wall Motors. Seamlessly connected with vehicle data, CAAS' new EPS system enables drivers to adapt to different road conditions and significantly enhances user experiences.

In 2019, JTEKT Corporation was in an exhibition at the 46th Tokyo Motor Show 2019 held at Tokyo big sight from October 24 to November 4. The company showcased its electronic power steering systems.

The Global Automotive Steering System Market has been Segmented as Follows:

Automotive Steering System Market – by Type

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

Automotive Steering System Market – by Vehicle Type

  • Passenger Cars
    • Class A
    • Class B
    • Class C
    • Class D
    • Class E
    • Class F
    • SUV
    • MPV
  • Commercial Vehicles
    • LCVs
    • MCVs
    • HCVs

Automotive Steering System Market – by Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)

    • China
    • India
    • South Korea
    • Japan
    • Rest of APAC
  • Middle East & Africa (MEA)

    • South Africa
    • Rest of MEA
  • South America (SAM)

    • Brazil
    • Argentina
    • Rest of SAM

Automotive Steering System Market – Companies Profiles

  • China Automotive Systems, Inc.
  • Nexteer Automotive
  • Hitachi Automotive Systems Americas, Inc.
  • Hyundai Mobis
  • JTEKT Corporation
  • The Mando Corporation
  • NSK Ltd.
  • Robert Bosch GmbH
  • Showa Corporation
  • ThyssenKrupp AG

Frequently Asked Questions

Asia Pacific has a robust automotive industry, which is supported by the mounting automotive manufacturing industry in countries such as China and India. China, India, South Korea, and Japan are among the leading vehicle manufacturing countries across the world. Presence of a strong automotive sector and rise in number of passenger car and commercial vehicle manufacturers are among the major factors driving the automotive steering system market in the region. Continuous development in the economies of China and India and presence of huge disposable incomes in countries such as South Korea and Japan, have facilitated the swift growth of the automotive sector in APAC. The automotive manufacturers prefer incorporating cutting-edge solutions in their vehicles to attract a huge customer base and generate more revenues. Hence, robust automotive sector and surge in disposable incomes of people are supporting the growth of the automotive steering system market in APAC.
Several governments across the world have enacted strict automotive emission and fuel economy legislations. Fleet-level regulations have been enforced by regulatory bodies such as the National Highway Traffic and Safety Administration in the US and the International Council on Clean Transportation in Europe. Automobile manufacturers must adhere to the average pollution cap decided by these regulations. These regulations have pushed automakers to spend more in fuel-efficient steering systems such as electronic power steering. The European region has the highest penetration of electrically assisted power steering, followed by North America and Asia Pacific. Thus, the various stringent government norms for ensuring fuel efficient vehicles on road are expected to influence the demand for EPS, thereby contributing to the market growth over the forecast period.
The electronic power system (EPS) led the market share in 2020 in the global market. Traditional steering systems, such as hydraulic and electro-hydraulic systems, are being replaced by an electronic power steering (EPS) system. The global demand for electronic power steering systems is being fueled by the growing popularity of self-driving vehicles. Vehicles with electronic power steering have a lower total weight while also improving fuel efficiency.

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Automotive Steering System Market – By Type

1.3.2 Automotive Steering System Market – By Vehicle Type

1.3.3 Automotive Steering System Market- By Region

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Automotive Steering System Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America

4.2.2 Europe

4.2.3 Asia Pacific

4.2.4 Middle East and Africa

4.2.5 South America

4.3 Ecosystem Analysis

4.4 Expert Opinions

5. Automotive Steering System Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Stringent Fuel Efficiency Norms Driving Adoption of Advanced Automotive Steering Systems

5.1.2 Rise in Demand for Electrification in Vehicles

5.2 Market Restraints

5.2.1 High Cost of Electronic Power Steering (EPS) System and Difficulties Associated with Its Maintenance

5.3 Market Opportunities

5.3.1 Integration of Technologically Advanced EPS Systems in Commercial Vehicles

5.4 Future Trends

5.4.1 Rise in Integration of EPS and Advanced Driver-Assistance Systems (ADAS)

5.5 Impact Analysis of Drivers and Restraints

6. Automotive Steering System Market – Global Analysis

6.1 Automotive Steering System Market Global Overview

6.2 Automotive Steering System Market – Global Revenue and Forecast to 2028 (US$ Million)

6.3 Market Positioning – Five Key Players

7. Automotive Steering System Market Analysis – By Type

7.1 Overview

7.2 Automotive Steering System Market Revenue Breakdown, By Type, 2020 and 2028

7.3 Electronic Power Steering

7.3.1 Overview

7.3.2 Electronic Power Steering: Automotive Steering System Market- Revenue and Forecast to 2028 (US$ Million)

7.4 Hydraulic Power Steering

7.4.1 Overview

7.4.2 Hydraulic Power Steering: Automotive Steering System Market- Revenue and Forecast to 2028 (US$ Mn)

7.5 Electro-Hydraulic Power Steering

7.5.1 Overview

7.5.2 Electro-Hydraulic Power Steering: Automotive Steering System Market- Revenue and Forecast to 2028 (US$ Mn)

8. Automotive Steering System Market Analysis – By Vehicle Type

8.1 Overview

8.2 Automotive Steering System Market Breakdown, By Vehicle Type, 2020 & 2028

8.3 Passenger cars

8.3.1 Overview

8.3.2 Passenger Cars: Automotive Steering System Market- Revenue and Forecast to 2028 (US$ Mn)

8.3.2.1 Automotive Steering System Market, by Passenger Car Types- Revenue and Forecast to 2028 (US$ Mn)

8.4 Commercial Vehicles

8.4.1 Overview

8.4.2 Commercial Vehicles: Automotive Steering System Market- Revenue and Forecast to 2028 (US$ Mn)

8.4.2.1 Automotive Steering System Market, by Commercial Vehicle Types- Revenue and Forecast to 2028 (US$ Mn)

9. Automotive Steering System Market – Geographic Analysis

9.1 Overview

9.2 North America: Automotive Steering System Market

9.2.1 North America: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

9.2.2 North America: Automotive Steering System Market, by Type

9.2.3 North America: Automotive Steering System Market, by Vehicle Type

9.2.4 North America: Automotive Steering System Market, by Key Country

9.2.4.1 US: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

9.2.4.1.1 US: Automotive Steering System Market, by Type

9.2.4.1.2 US: Automotive Steering System Market, by Vehicle Type

9.2.4.1.3 US: Automotive Steering System Market, by Passenger Cars

9.2.4.1.4 US: Automotive Steering System Market, by Commercial Vehicles

9.2.4.2 Canada: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

9.2.4.2.1 Canada: Automotive Steering System Market, by Type

9.2.4.2.2 Canada: Automotive Steering System Market, by Vehicle Type

9.2.4.2.3 Canada: Automotive Steering System Market, by Passenger Cars

9.2.4.2.4 Canada: Automotive Steering System Market, by Commercial Vehicles

9.2.4.3 Mexico: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

9.2.4.3.1 Mexico: Automotive Steering System Market, by Type

9.2.4.3.2 Mexico: Automotive Steering System Market, by Vehicle Type

9.2.4.3.3 Mexico: Automotive Steering System Market, by Passenger Cars

9.2.4.3.4 Mexico: Automotive Steering System Market, by Commercial Vehicles

9.3 Europe: Automotive Steering System Market

9.3.1 Europe: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

9.3.2 Europe: Automotive Steering System Market, by Type

9.3.3 Europe: Automotive Steering System Market, by Vehicle Type

9.3.4 Europe: Automotive Steering System Market, by Key Country

9.3.4.1 Germany: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.1.1 Germany: Automotive Steering System Market, by Type

9.3.4.1.2 Germany: Automotive Steering System Market, by Vehicle Type

9.3.4.1.3 Germany: Automotive Steering System Market, by Passenger Cars

9.3.4.1.4 Germany: Automotive Steering System Market, by Commercial Vehicles

9.3.4.2 France: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.2.1 France: Automotive Steering System Market, by Type

9.3.4.2.2 France: Automotive Steering System Market, by Vehicle Type

9.3.4.2.3 France: Automotive Steering System Market, by Passenger Cars

9.3.4.2.4 France: Automotive Steering System Market, by Commercial Vehicles

9.3.4.3 Italy: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.3.1 Italy: Automotive Steering System Market, by Type

9.3.4.3.2 Italy: Automotive Steering System Market, by Vehicle Type

9.3.4.3.3 Italy: Automotive Steering System Market, by Passenger Cars

9.3.4.3.4 Italy: Automotive Steering System Market, by Commercial Vehicles

9.3.4.4 UK: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.4.1 UK: Automotive Steering System Market, by Type

9.3.4.4.2 UK: Automotive Steering System Market, by Vehicle Type

9.3.4.4.3 UK: Automotive Steering System Market, by Passenger Cars

9.3.4.4.4 UK: Automotive Steering System Market, by Commercial Vehicles

9.3.4.5 Russia: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.5.1 Russia: Automotive Steering System Market, by Type

9.3.4.5.2 Russia: Automotive Steering System Market, by Vehicle Type

9.3.4.5.3 Russia: Automotive Steering System Market, by Passenger Cars

9.3.4.5.4 Russia: Automotive Steering System Market, by Commercial Vehicles

9.3.4.6 Rest of Europe: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.6.1 Rest of Europe: Automotive Steering System Market, by Type

9.3.4.6.2 Rest of Europe: Automotive Steering System Market, by Vehicle Type

9.3.4.6.3 Rest of Europe: Automotive Steering System Market, by Passenger Cars

9.3.4.6.4 Rest of Europe: Automotive Steering System Market, by Commercial Vehicles

9.4 APAC: Automotive Steering System Market

9.4.1 APAC: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

9.4.2 APAC: Automotive Steering System Market, by Type

9.4.3 APAC: Automotive Steering System Market, by Vehicle Type

9.4.4 APAC: Automotive Steering System Market, by Key Country

9.4.4.1 China: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.1.1 China: Automotive Steering System Market, by Type

9.4.4.1.2 China: Automotive Steering System Market, by Vehicle Type

9.4.4.1.3 China: Automotive Steering System Market, by Passenger Cars

9.4.4.1.4 China: Automotive Steering System Market, by Commercial Vehicles

9.4.4.2 India: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.2.1 India: Automotive Steering System Market, by Type

9.4.4.2.2 India: Automotive Steering System Market, by Vehicle Type

9.4.4.2.3 India: Automotive Steering System Market, by Passenger Cars

9.4.4.2.4 India: Automotive Steering System Market, by Commercial Vehicles

9.4.4.3 Japan: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.3.1 Japan: Automotive Steering System Market, by Type

9.4.4.3.2 Japan: Automotive Steering System Market, by Vehicle Type

9.4.4.3.3 Japan: Automotive Steering System Market, by Passenger Cars

9.4.4.3.4 Japan: Automotive Steering System Market, by Commercial Vehicles

9.4.4.4 South Korea: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.4.1 South Korea: Automotive Steering System Market, by Type

9.4.4.4.2 South Korea: Automotive Steering System Market, by Vehicle Type

9.4.4.4.3 South Korea: Automotive Steering System Market, by Passenger Cars

9.4.4.4.4 South Korea: Automotive Steering System Market, by Commercial Vehicles

9.4.4.5 Rest of APAC: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.5.1 Rest of APAC: Automotive Steering System Market, by Type

9.4.4.5.2 Rest of APAC: Automotive Steering System Market, by Vehicle Type

9.4.4.5.3 Rest of APAC: Automotive Steering System Market, by Passenger Cars

9.4.4.5.4 Rest of APAC: Automotive Steering System Market, by Commercial Vehicles

9.5 MEA: Automotive Steering System Market

9.5.1 MEA: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

9.5.2 MEA: Automotive Steering System Market, by Type

9.5.3 MEA: Automotive Steering System Market, by Vehicle Type

9.5.4 MEA: Automotive Steering System Market, by Key Country

9.5.4.1 South Africa: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

9.5.4.1.1 South Africa: Automotive Steering System Market, by Type

9.5.4.1.2 South Africa: Automotive Steering System Market, by Vehicle Type

9.5.4.1.3 South Africa: Automotive Steering System Market, by Passenger Cars

9.5.4.1.4 South Africa: Automotive Steering System Market, by Commercial Vehicles

9.5.4.2 Rest of MEA: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

9.5.4.2.1 Rest of MEA: Automotive Steering System Market, by Type

9.5.4.2.2 Rest of MEA: Automotive Steering System Market, by Vehicle Type

9.5.4.2.3 Rest of MEA: Automotive Steering System Market, by Passenger Cars

9.5.4.2.4 Rest of MEA: Automotive Steering System Market, by Commercial Vehicles

9.6 SAM: Automotive Steering System Market

9.6.1 SAM: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

9.6.2 SAM: Automotive Steering System Market, by Type

9.6.3 SAM: Automotive Steering System Market, by Vehicle Type

9.6.4 SAM: Automotive Steering System Market, by Key Country

9.6.4.1 Brazil: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

9.6.4.1.1 Brazil: Automotive Steering System Market, by Type

9.6.4.1.2 Brazil: Automotive Steering System Market, by Vehicle Type

9.6.4.1.3 Brazil: Automotive Steering System Market, by Passenger Cars

9.6.4.1.4 Brazil: Automotive Steering System Market, by Commercial Vehicles

9.6.4.2 Argentina: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

9.6.4.2.1 Argentina: Automotive Steering System Market, by Type

9.6.4.2.2 Argentina: Automotive Steering System Market, by Vehicle Type

9.6.4.2.3 Argentina: Automotive Steering System Market, by Passenger Cars

9.6.4.2.4 Argentina: Automotive Steering System Market, by Commercial Vehicles

9.6.4.3 Rest of SAM: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

9.6.4.3.1 Rest of SAM: Automotive Steering System Market, by Type

9.6.4.3.2 Rest of SAM: Automotive Steering System Market, by Vehicle Type

9.6.4.3.3 Rest of SAM: Automotive Steering System Market, by Passenger Cars

9.6.4.3.4 Rest of SAM: Automotive Steering System Market, by Commercial Vehicles

10. Automotive Steering System Market- COVID-19 Impact Analysis

10.1 Overview

10.2 North America

10.3 Europe

10.4 Asia Pacific

10.5 Middle East and Africa

10.6 South America

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 New Product Development

11.4 Merger and Acquisition

12. Company Profiles

12.1 China Automotive Systems, Inc.

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Nexteer Automotive

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Hitachi Automotive Systems Americas, Inc.

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Hyundai Mobis

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 JTEKT Corporation

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 The Mando Corporation

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 NSK Ltd.

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Robert Bosch GmbH

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Showa Corporation

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 ThyssenKrupp AG

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index


LIST OF TABLES

Table 1. Automotive Steering System Market – Revenue, and Forecast to 2028 (US$ Million)

Table 2. Global Automotive Steering System Market, by Passenger Cars – Revenue and Forecast to 2028 (USD Million)

Table 3. Global Automotive Steering System Market, by Commercial Vehicle Types – Revenue and Forecast to 2028 (USD Million)

Table 4. North America: Automotive Steering System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 5. North America: Automotive Steering System Market, by Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 6. North America: Automotive Steering System Market, by Passenger cars– Revenue and Forecast to 2028 (US$ Million)

Table 7. North America: Automotive Steering System Market, by Commercial Vehicles– Revenue and Forecast to 2028 (US$ Million)

Table 8. US: Automotive Steering System Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 9. US: Automotive Steering System Market, by Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 10. US: Automotive Steering System Market, by Passenger Cars –Revenue and Forecast to 2028 (US$ Million)

Table 11. US: Automotive Steering System Market, by Commercial Vehicles –Revenue and Forecast to 2028 (US$ Million)

Table 12. Canada: Automotive Steering System Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 13. Canada: Automotive Steering System Market, by Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 14. Canada: Automotive Steering System Market, by Passenger Cars –Revenue and Forecast to 2028 (US$ Million)

Table 15. Canada: Automotive Steering System Market, by Commercial Vehicles –Revenue and Forecast to 2028 (US$ Million)

Table 16. Mexico: Automotive Steering System Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 17. Mexico: Automotive Steering System Market, by Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 18. Mexico: Automotive Steering System Market, by Passenger Cars –Revenue and Forecast to 2028 (US$ Million)

Table 19. Mexico: Automotive Steering System Market, by Commercial Vehicles –Revenue and Forecast to 2028 (US$ Million)

Table 20. Europe: Automotive Steering System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 21. Europe: Automotive Steering System Market, by Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 22. Europe: Automotive Steering System Market, by Passenger Cars – Revenue and Forecast to 2028 (US$ Million)

Table 23. Europe: Automotive Steering System Market, by Commercial Vehicles – Revenue and Forecast to 2028 (US$ Million)

Table 24. Germany: Automotive Steering System Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 25. Germany: Automotive Steering System Market, by Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 26. Germany: Automotive Steering System Market, by Passenger Cars –Revenue and Forecast to 2028 (US$ Million)

Table 27. Germany: Automotive Steering System Market, by Commercial Vehicles –Revenue and Forecast to 2028 (US$ Million)

Table 28. France: Automotive Steering System Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 29. France: Automotive Steering System Market, by Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 30. France: Automotive Steering System Market, by Passenger Cars –Revenue and Forecast to 2028 (US$ Million)

Table 31. France: Automotive Steering System Market, by Commercial Vehicles –Revenue and Forecast to 2028 (US$ Million)

Table 32. Italy: Automotive Steering System Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 33. Italy: Automotive Steering System Market, by Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 34. Italy: Automotive Steering System Market, by Passenger Cars –Revenue and Forecast to 2028 (US$ Million)

Table 35. Italy: Automotive Steering System Market, by Commercial Vehicles –Revenue and Forecast to 2028 (US$ Million)

Table 36. UK: Automotive Steering System Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 37. UK: Automotive Steering System Market, by Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 38. UK: Automotive Steering System Market, by Passenger Cars –Revenue and Forecast to 2028 (US$ Million)

Table 39. UK: Automotive Steering System Market, by Commercial Vehicles –Revenue and Forecast to 2028 (US$ Million)

Table 40. Russia: Automotive Steering System Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 41. Russia: Automotive Steering System Market, by Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 42. Russia: Automotive Steering System Market, by Passenger Cars –Revenue and Forecast to 2028 (US$ Million)

Table 43. Russia: Automotive Steering System Market, by Commercial Vehicles –Revenue and Forecast to 2028 (US$ Million)

Table 44. Rest of Europe: Automotive Steering System Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 45. Rest of Europe: Automotive Steering System Market, by Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 46. Rest of Europe: Automotive Steering System Market, by Passenger Cars –Revenue and Forecast to 2028 (US$ Million)

Table 47. Rest of Europe: Automotive Steering System Market, by Commercial Vehicles –Revenue and Forecast to 2028 (US$ Million)

Table 48. APAC: Automotive Steering System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 49. APAC: Automotive Steering System Market, by Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 50. APAC: Automotive Steering System Market, by Passenger Cars – Revenue and Forecast to 2028 (US$ Million)

Table 51. APAC: Automotive Steering System Market, by Commercial Vehicles – Revenue and Forecast to 2028 (US$ Million)

Table 52. China: Automotive Steering System Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 53. China: Automotive Steering System Market, by Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 54. China: Automotive Steering System Market, by Passenger Cars –Revenue and Forecast to 2028 (US$ Million)

Table 55. China: Automotive Steering System Market, by Commercial Vehicles –Revenue and Forecast to 2028 (US$ Million)

Table 56. India: Automotive Steering System Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 57. India: Automotive Steering System Market, by Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 58. India: Automotive Steering System Market, by Passenger Cars –Revenue and Forecast to 2028 (US$ Million)

Table 59. India: Automotive Steering System Market, by Commercial Vehicles –Revenue and Forecast to 2028 (US$ Million)

Table 60. Japan: Automotive Steering System Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 61. Japan: Automotive Steering System Market, by Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 62. Japan: Automotive Steering System Market, by Passenger Cars –Revenue and Forecast to 2028 (US$ Million)

Table 63. Japan: Automotive Steering System Market, by Commercial Vehicles –Revenue and Forecast to 2028 (US$ Million)

Table 64. South Korea: Automotive Steering System Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 65. South Korea: Automotive Steering System Market, by Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 66. South Korea: Automotive Steering System Market, by Passenger Cars –Revenue and Forecast to 2028 (US$ Million)

Table 67. South Korea: Automotive Steering System Market, by Commercial Vehicles –Revenue and Forecast to 2028 (US$ Million)

Table 68. Rest of APAC: Automotive Steering System Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 69. Rest of APAC: Automotive Steering System Market, by Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 70. Rest of APAC: Automotive Steering System Market, by Passenger Cars –Revenue and Forecast to 2028 (US$ Million)

Table 71. Rest of APAC: Automotive Steering System Market, by Commercial Vehicles –Revenue and Forecast to 2028 (US$ Million)

Table 72. MEA: Automotive Steering System Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 73. MEA: Automotive Steering System Market, by Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 74. MEA: Automotive Steering System Market, by Passenger Cars – Revenue and Forecast to 2028 (US$ Million)

Table 75. MEA: Automotive Steering System Market, by Commercial Vehicles – Revenue and Forecast to 2028 (US$ Million)

Table 76. South Africa: Automotive Steering System Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 77. South Africa: Automotive Steering System Market, by Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 78. South Africa: Automotive Steering System Market, by Passenger Cars –Revenue and Forecast to 2028 (US$ Million)

Table 79. South Africa: Automotive Steering System Market, by Commercial Vehicles –Revenue and Forecast to 2028 (US$ Million)

Table 80. Rest of MEA: Automotive Steering System Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 81. Rest of MEA: Automotive Steering System Market, by Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 82. Rest of MEA: Automotive Steering System Market, by Passenger Cars –Revenue and Forecast to 2028 (US$ Million)

Table 83. Rest of MEA: Automotive Steering System Market, by Commercial Vehicles –Revenue and Forecast to 2028 (US$ Million)

Table 84. SAM: Automotive Steering System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 85. SAM: Automotive Steering System Market, by Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 86. SAM: Automotive Steering System Market, by Passenger Cars – Revenue and Forecast to 2028 (US$ Million)

Table 87. SAM: Automotive Steering System Market, by Commercial Vehicles – Revenue and Forecast to 2028 (US$ Million)

Table 88. Brazil: Automotive Steering System Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 89. Brazil: Automotive Steering System Market, by Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 90. Brazil: Automotive Steering System Market, by Passenger Cars –Revenue and Forecast to 2028 (US$ Million)

Table 91. Brazil: Automotive Steering System Market, by Commercial Vehicles –Revenue and Forecast to 2028 (US$ Million)

Table 92. Argentina: Automotive Steering System Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 93. Argentina: Automotive Steering System Market, by Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 94. Argentina: Automotive Steering System Market, by Passenger Cars –Revenue and Forecast to 2028 (US$ Million)

Table 95. Argentina: Automotive Steering System Market, by Commercial Vehicles –Revenue and Forecast to 2028 (US$ Million)

Table 96. Rest of SAM: Automotive Steering System Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 97. Rest of SAM: Automotive Steering System Market, by Vehicle Type –Revenue and Forecast to 2028 (US$ Million)

Table 98. Rest of SAM: Automotive Steering System Market, by Passenger Cars –Revenue and Forecast to 2028 (US$ Million)

Table 99. Rest of SAM: Automotive Steering System Market, by Commercial Vehicles –Revenue and Forecast to 2028 (US$ Million)

Table 100. List of Abbreviation

LIST OF FIGURES

Figure 1. Automotive Steering System Market Segmentation

Figure 2. Automotive Steering System Market Segmentation – By Geography

Figure 3. Global Automotive Steering System Market Overview

Figure 4. Electronic Power Steering Segment Held the Largest Market Share in 2020

Figure 5. Passenger Cars Segment Held the Largest Market Share in 2020

Figure 6. Asia Pacific was the Largest Revenue Contributor in 2020

Figure 7. North America – PEST Analysis

Figure 8. Europe – PEST Analysis

Figure 9. Asia Pacific – PEST Analysis

Figure 10. Middle East and Africa – PEST Analysis

Figure 11. SAM – PEST Analysis

Figure 12. Expert Opinions

Figure 13. Automotive Steering System Market Impact Analysis of Drivers and Restraints

Figure 14. Geographic Overview of Automotive Steering System Market

Figure 15. Global Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. Automotive Steering System Market Revenue Breakdown, By Type, 2020 & 2028 (%)

Figure 17. Electronic Power Steering: Automotive Steering System Market- Revenue and Forecast to 2028 (US$ Mn)

Figure 18. Hydraulic Power Steering: Automotive Steering System Market- Revenue and Forecast to 2028 (US$ Mn)

Figure 19. Electro-Hydraulic Power Steering: Automotive Steering System Market- Revenue and Forecast to 2028 (US$ Mn)

Figure 20. Automotive Steering System Market Breakdown, By Vehicle Type, 2020 & 2028 (%)

Figure 21. Passenger Cars: Automotive Steering System Market- Revenue and Forecast to 2028 (US$ Mn)

Figure 22. Commercial Vehicles: Automotive Steering System Market- Revenue and Forecast to 2028 (US$ Mn)

Figure 23. Automotive Steering System Market Revenue Share, By Region (2020 and 2028)

Figure 24. North America: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. North America: Automotive Steering System Market Revenue Share, By Type (2020 and 2028)

Figure 26. North America: Automotive Steering System Market Revenue Share, By Vehicle Type (2020 and 2028)

Figure 27. North America: Automotive Steering System Market Revenue Share, By Key Country (2020 and 2028)

Figure 28. US: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. Canada: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. Mexico: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. Europe: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. Europe: Automotive Steering System Market Revenue Share, By Type (2020 and 2028)

Figure 33. Europe: Automotive Steering System Market Revenue Share, By Vehicle Type (2020 and 2028)

Figure 34. Europe: Automotive Steering System Market Revenue Share, By Key Country (2020 and 2028)

Figure 35. Germany: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 36. France: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 37. Italy: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 38. UK: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 39. Russia: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 40. Rest of Europe: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 41. APAC: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 42. APAC: Automotive Steering System Market Revenue Share, By Type (2020 and 2028)

Figure 43. APAC: Automotive Steering System Market Revenue Share, By Vehicle Type (2020 and 2028)

Figure 44. APAC: Automotive Steering System Market Revenue Share, By Key Country (2020 and 2028)

Figure 45. China: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 46. India: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 47. Japan: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 48. South Korea: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 49. Rest of APAC: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 50. MEA: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 51. MEA: Automotive Steering System Market Revenue Share, By Type (2020 and 2028)

Figure 52. MEA: Automotive Steering System Market Revenue Share, By Vehicle Type (2020 and 2028)

Figure 53. MEA: Automotive Steering System Market Revenue Share, By Key Country (2020 and 2028)

Figure 54. South Africa: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 55. Rest of MEA: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 56. SAM: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 57. SAM: Automotive Steering System Market Revenue Share, By Type (2020 and 2028)

Figure 58. SAM: Automotive Steering System Market Revenue Share, By Vehicle Type (2020 and 2028)

Figure 59. SAM: Automotive Steering System Market Revenue Share, By Key Country (2020 and 2028)

Figure 60. Brazil: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 61. Argentina: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 62. Rest of SAM: Automotive Steering System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 63. Impact of COVID-19 Pandemic in North American Country Markets

Figure 64. Impact of COVID-19 Pandemic in Europe Country Markets

Figure 65. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 66. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets

Figure 67. Impact of COVID-19 Pandemic in South America Country Markets

The List of Companies - Automotive Steering System Market

  1. China Automotive Systems, Inc.
  2. Nexteer Automotive
  3. Hitachi Automotive Systems Americas, Inc.
  4. Hyundai Mobis
  5. JTEKT Corporation
  6. The Mando Corporation
  7. NSK Ltd.
  8. Robert Bosch GmbH
  9. Showa Corporation
  10. ThyssenKrupp AG

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global automotive steering system market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the automotive steering system market, thereby allowing players to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to component, application and vertical.
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