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Automotive Power Steering Gears-Global Market Insights and Sales Trends 2024
Synopsis
The latest trend gaining momentum in the market is growing pursuit of electrohydraulic power steering in HCVS. As part of the electrification trend in the automotive industry, energy saving is one of the most important concerns for the development of new vehicles, especially for power steering systems. In a hydraulic power steering system, 70% of the fuel gets consumed by hydraulics, which can be avoided. Hence, the application of more advanced power steering systems such as electric power steering and electrohydraulic power steering can help achieve fuel economy.
The global Automotive Power Steering Gears market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Automotive Power Steering Gears in various end use industries. The expanding demands from the Passenger Car and Commercial Vehicle, are propelling Automotive Power Steering Gears market. Hydraulic Power Steering, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Electric Power Steering segment is estimated at % CAGR for the next seven-year period.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Automotive Power Steering Gears, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Automotive Power Steering Gears market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Automotive Power Steering Gears market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automotive Power Steering Gears sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Automotive Power Steering Gears covered in this report include JTEKT, Bosch, NSK, Nexteer, ZF, Mobis, Showa, Thyssenkrupp and Mando, etc.
The global Automotive Power Steering Gears market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
JTEKT
Bosch
NSK
Nexteer
ZF
Mobis
Showa
Thyssenkrupp
Mando
Global Automotive Power Steering Gears market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Automotive Power Steering Gears market, Segment by Type:
Hydraulic Power Steering
Electric Power Steering
Other
Global Automotive Power Steering Gears market, by Application
Passenger Car
Commercial Vehicle
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Automotive Power Steering Gears manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Automotive Power Steering Gears in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
The latest trend gaining momentum in the market is growing pursuit of electrohydraulic power steering in HCVS. As part of the electrification trend in the automotive industry, energy saving is one of the most important concerns for the development of new vehicles, especially for power steering systems. In a hydraulic power steering system, 70% of the fuel gets consumed by hydraulics, which can be avoided. Hence, the application of more advanced power steering systems such as electric power steering and electrohydraulic power steering can help achieve fuel economy.
The global Automotive Power Steering Gears market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Automotive Power Steering Gears in various end use industries. The expanding demands from the Passenger Car and Commercial Vehicle, are propelling Automotive Power Steering Gears market. Hydraulic Power Steering, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Electric Power Steering segment is estimated at % CAGR for the next seven-year period.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Automotive Power Steering Gears, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Automotive Power Steering Gears market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Automotive Power Steering Gears market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automotive Power Steering Gears sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Automotive Power Steering Gears covered in this report include JTEKT, Bosch, NSK, Nexteer, ZF, Mobis, Showa, Thyssenkrupp and Mando, etc.
The global Automotive Power Steering Gears market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
JTEKT
Bosch
NSK
Nexteer
ZF
Mobis
Showa
Thyssenkrupp
Mando
Global Automotive Power Steering Gears market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Automotive Power Steering Gears market, Segment by Type:
Hydraulic Power Steering
Electric Power Steering
Other
Global Automotive Power Steering Gears market, by Application
Passenger Car
Commercial Vehicle
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Automotive Power Steering Gears manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Automotive Power Steering Gears in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Automotive Power Steering Gears Market Overview
1.1 Automotive Power Steering Gears Product Overview
1.2 Automotive Power Steering Gears Market Segment by Type
1.2.1 Hydraulic Power Steering
1.2.2 Electric Power Steering
1.2.3 Other
1.3 Global Automotive Power Steering Gears Market Size by Type
1.3.1 Global Automotive Power Steering Gears Market Size Overview by Type (2018-2029)
1.3.2 Global Automotive Power Steering Gears Historic Market Size Review by Type (2018-2023)
1.3.3 Global Automotive Power Steering Gears Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Automotive Power Steering Gears Sales Breakdown by Type (2018-2023)
1.4.2 Europe Automotive Power Steering Gears Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Automotive Power Steering Gears Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Automotive Power Steering Gears Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Automotive Power Steering Gears Sales Breakdown by Type (2018-2023)
2 Global Automotive Power Steering Gears Market Competition by Company
2.1 Global Top Players by Automotive Power Steering Gears Sales (2018-2023)
2.2 Global Top Players by Automotive Power Steering Gears Revenue (2018-2023)
2.3 Global Top Players by Automotive Power Steering Gears Price (2018-2023)
2.4 Global Top Manufacturers Automotive Power Steering Gears Manufacturing Base Distribution, Sales Area, Product Type
2.5 Automotive Power Steering Gears Market Competitive Situation and Trends
2.5.1 Automotive Power Steering Gears Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Automotive Power Steering Gears Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Automotive Power Steering Gears as of 2022)
2.7 Date of Key Manufacturers Enter into Automotive Power Steering Gears Market
2.8 Key Manufacturers Automotive Power Steering Gears Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Automotive Power Steering Gears Status and Outlook by Region
3.1 Global Automotive Power Steering Gears Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Automotive Power Steering Gears Historic Market Size by Region
3.2.1 Global Automotive Power Steering Gears Sales in Volume by Region (2018-2023)
3.2.2 Global Automotive Power Steering Gears Sales in Value by Region (2018-2023)
3.2.3 Global Automotive Power Steering Gears Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Automotive Power Steering Gears Forecasted Market Size by Region
3.3.1 Global Automotive Power Steering Gears Sales in Volume by Region (2024-2029)
3.3.2 Global Automotive Power Steering Gears Sales in Value by Region (2024-2029)
3.3.3 Global Automotive Power Steering Gears Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Automotive Power Steering Gears by Application
4.1 Automotive Power Steering Gears Market Segment by Application
4.1.1 Passenger Car
4.1.2 Commercial Vehicle
4.2 Global Automotive Power Steering Gears Market Size by Application
4.2.1 Global Automotive Power Steering Gears Market Size Overview by Application (2018-2029)
4.2.2 Global Automotive Power Steering Gears Historic Market Size Review by Application (2018-2023)
4.2.3 Global Automotive Power Steering Gears Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Automotive Power Steering Gears Sales Breakdown by Application (2018-2023)
4.3.2 Europe Automotive Power Steering Gears Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Automotive Power Steering Gears Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Automotive Power Steering Gears Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Automotive Power Steering Gears Sales Breakdown by Application (2018-2023)
5 North America Automotive Power Steering Gears by Country
5.1 North America Automotive Power Steering Gears Historic Market Size by Country
5.1.1 North America Automotive Power Steering Gears Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Automotive Power Steering Gears Sales in Volume by Country (2018-2023)
5.1.3 North America Automotive Power Steering Gears Sales in Value by Country (2018-2023)
5.2 North America Automotive Power Steering Gears Forecasted Market Size by Country
5.2.1 North America Automotive Power Steering Gears Sales in Volume by Country (2024-2029)
5.2.2 North America Automotive Power Steering Gears Sales in Value by Country (2024-2029)
6 Europe Automotive Power Steering Gears by Country
6.1 Europe Automotive Power Steering Gears Historic Market Size by Country
6.1.1 Europe Automotive Power Steering Gears Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Automotive Power Steering Gears Sales in Volume by Country (2018-2023)
6.1.3 Europe Automotive Power Steering Gears Sales in Value by Country (2018-2023)
6.2 Europe Automotive Power Steering Gears Forecasted Market Size by Country
6.2.1 Europe Automotive Power Steering Gears Sales in Volume by Country (2024-2029)
6.2.2 Europe Automotive Power Steering Gears Sales in Value by Country (2024-2029)
7 Asia-Pacific Automotive Power Steering Gears by Region
7.1 Asia-Pacific Automotive Power Steering Gears Historic Market Size by Region
7.1.1 Asia-Pacific Automotive Power Steering Gears Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Automotive Power Steering Gears Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Automotive Power Steering Gears Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Automotive Power Steering Gears Forecasted Market Size by Region
7.2.1 Asia-Pacific Automotive Power Steering Gears Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Automotive Power Steering Gears Sales in Value by Region (2024-2029)
8 Latin America Automotive Power Steering Gears by Country
8.1 Latin America Automotive Power Steering Gears Historic Market Size by Country
8.1.1 Latin America Automotive Power Steering Gears Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Automotive Power Steering Gears Sales in Volume by Country (2018-2023)
8.1.3 Latin America Automotive Power Steering Gears Sales in Value by Country (2018-2023)
8.2 Latin America Automotive Power Steering Gears Forecasted Market Size by Country
8.2.1 Latin America Automotive Power Steering Gears Sales in Volume by Country (2024-2029)
8.2.2 Latin America Automotive Power Steering Gears Sales in Value by Country (2024-2029)
9 Middle East and Africa Automotive Power Steering Gears by Country
9.1 Middle East and Africa Automotive Power Steering Gears Historic Market Size by Country
9.1.1 Middle East and Africa Automotive Power Steering Gears Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Automotive Power Steering Gears Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Automotive Power Steering Gears Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Automotive Power Steering Gears Forecasted Market Size by Country
9.2.1 Middle East and Africa Automotive Power Steering Gears Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Automotive Power Steering Gears Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 JTEKT
10.1.1 JTEKT Company Information
10.1.2 JTEKT Introduction and Business Overview
10.1.3 JTEKT Automotive Power Steering Gears Sales, Revenue and Gross Margin (2018-2023)
10.1.4 JTEKT Automotive Power Steering Gears Products Offered
10.1.5 JTEKT Recent Development
10.2 Bosch
10.2.1 Bosch Company Information
10.2.2 Bosch Introduction and Business Overview
10.2.3 Bosch Automotive Power Steering Gears Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Bosch Automotive Power Steering Gears Products Offered
10.2.5 Bosch Recent Development
10.3 NSK
10.3.1 NSK Company Information
10.3.2 NSK Introduction and Business Overview
10.3.3 NSK Automotive Power Steering Gears Sales, Revenue and Gross Margin (2018-2023)
10.3.4 NSK Automotive Power Steering Gears Products Offered
10.3.5 NSK Recent Development
10.4 Nexteer
10.4.1 Nexteer Company Information
10.4.2 Nexteer Introduction and Business Overview
10.4.3 Nexteer Automotive Power Steering Gears Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Nexteer Automotive Power Steering Gears Products Offered
10.4.5 Nexteer Recent Development
10.5 ZF
10.5.1 ZF Company Information
10.5.2 ZF Introduction and Business Overview
10.5.3 ZF Automotive Power Steering Gears Sales, Revenue and Gross Margin (2018-2023)
10.5.4 ZF Automotive Power Steering Gears Products Offered
10.5.5 ZF Recent Development
10.6 Mobis
10.6.1 Mobis Company Information
10.6.2 Mobis Introduction and Business Overview
10.6.3 Mobis Automotive Power Steering Gears Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Mobis Automotive Power Steering Gears Products Offered
10.6.5 Mobis Recent Development
10.7 Showa
10.7.1 Showa Company Information
10.7.2 Showa Introduction and Business Overview
10.7.3 Showa Automotive Power Steering Gears Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Showa Automotive Power Steering Gears Products Offered
10.7.5 Showa Recent Development
10.8 Thyssenkrupp
10.8.1 Thyssenkrupp Company Information
10.8.2 Thyssenkrupp Introduction and Business Overview
10.8.3 Thyssenkrupp Automotive Power Steering Gears Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Thyssenkrupp Automotive Power Steering Gears Products Offered
10.8.5 Thyssenkrupp Recent Development
10.9 Mando
10.9.1 Mando Company Information
10.9.2 Mando Introduction and Business Overview
10.9.3 Mando Automotive Power Steering Gears Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Mando Automotive Power Steering Gears Products Offered
10.9.5 Mando Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Automotive Power Steering Gears Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Automotive Power Steering Gears Industrial Chain Analysis
11.4 Automotive Power Steering Gears Market Dynamics
11.4.1 Automotive Power Steering Gears Industry Trends
11.4.2 Automotive Power Steering Gears Market Drivers
11.4.3 Automotive Power Steering Gears Market Challenges
11.4.4 Automotive Power Steering Gears Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Automotive Power Steering Gears Distributors
12.3 Automotive Power Steering Gears Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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