Global Automotive Steering System Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026

The report on the global Automotive Steering System market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of a comprehensive research. The report gives a complete market analysis for the forecasted period from 2019 to 2026. The market is portioned into various segments with an in-depth outlook of the competitors and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.

Automotive steering system is an arrangement of inter linked gears called pinion and worm by which reciprocating motion is obtained using rotational motion i.e. through means of steering wheel which enables the automobile to take turns on curvy roads. In modern advanced automobiles rack and pinion steering system is used, but in heavy equipment automobiles hydraulic steering systems are used which are efficient and reduces the driver’s effort. Many advances have been done in automobile steering systems considering the various safety factors, focusing on developing fuel-efficient systems due to continuous rise in fuel prices and considering other emergency factors.
 
Drivers

• Growth of automotive sector in emerging markets
• Increasing demand for fuel-efficient vehicles
• Better road feedback
• Fuel efficient

 
Restraints

• High cost of EPS system

 
Report includes a detailed analysis on value chain in order to provide a holistic view of the automotive steering system market. Value chain analysis comprises detailed evaluation of the roles of various players involved in the automotive steering system market industry, from raw material suppliers to end-users.
 
Automotive Steering system market attractiveness analysis has been included in order to analyze the application segments that are estimated to be lucrative during the forecast period on the basis of their market size and growth rate. Attractiveness of the market has been derived from market size, profit margin, growth rate, and availability of raw materials, competition, and other factors such as social and legal constraints.
 
The automotive steering system market has further been segmented based on vehicle types such as heavy commercial vehicle (HCV), light commercial vehicle (LCV) and passenger vehicle. The study provides forecast and estimates market for each vehicle type in terms of revenue and volume during the forecast period from 2019 to 2026. Each vehicle type has been further analyzed based on regional and country levels from 2019 to 2026 in terms of volume and revenue.
 
The global automotive steering system market has further been segmented based on steering types such as Electronic Power Steering (EPS), electro-hydraulic power steering (EHPS), hydraulic power steering (HPS). The study provides forecast and estimates market for each steering type in terms of revenue and volume during the forecast period from 2019 to 2026. Each steering type has been further analyzed based on regional and country levels from 2019 to 2026 in terms of volume and revenue.
 
In terms of geography, the automotive steering system market has been segmented into regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The study provides a detailed view of country-level aspects of the market on the basis of application segments and estimates the market in terms of revenue and volume during the forecast period.
 
The report also offers a competitive landscape of the overall market with company profiles of players such as:

• TRW Automotive Holdings
• Mitsubishi Electric Corporation
• Hyundai Mobis Co. Ltd.
• Sona Koyo Steering Systems Ltd.
• Robert Bosch Automotive Steering GmbH
• JTEKT Corporation
• Nexteer Automotive
• Thyssenkrupp Presta AG
• China Automotive Systems Inc.
• ZF Friedrichshafen Manufacturing Company

A detailed description of the each company has been included and includes information in terms of headquarters, inception, stock listing, upcoming capacities, key mergers & acquisitions, financial overview, and recent developments provides a thorough idea about the competitive positioning of market players. The report also provides automotive steering system market market's Mergers/acquisitions, Partnerships, Collaborations, New product launches, new product developments and other industry developments.
 
SEGMENTATIONS IN REPORT: 
 
Automotive Steering System Market by Vehicle Type:

• Heavy Commercial Vehicle (HCV)
• Light Commercial Vehicle (LCV)
• Passenger Vehicle

 
Automotive Steering System Market by Steering Type:

• Electronic Power Steering (EPS)
• Electro-Hydraulic Power Steering (EHPS)
• Hydraulic Power Steering (HPS)

 
Automotive Steering System Market by Geography:

• Asia Pacific
• North America
• Europe
• Latin America
• Middle East And Africa

The Global Automotive Steering System Market has been exhibited in detail in the following some chapters -
Chapter 1 Automotive Steering System Market Preface 
Chapter 2 Executive Summary
Chapter 3 Automotive Steering System Industry Analysis
Chapter 4 Automotive Steering System Market Value Chain Analysis
Chapter 5 Automotive Steering System Market Analysis By Vehicle Type
Chapter 6 Automotive Steering System Market Analysis By Steering Type
Chapter 7 Automotive Steering System Market Analysis By Geography
Chapter 8 Competitive Landscape Of Automotive Steering System Companies
Chapter 9 Company Profiles Of Automotive Steering System Industry

METHODOLOGY: 
Combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific Details on methodology used for this report can be provided on demand.