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Automotive Steering System Gears-Global Market Insights and Sales Trends 2025
Synopsis
The steering system converts the rotation of the steering wheel into a swivelling movement of the road wheels in such a way that the steering-wheel rim turns a long way to move the road wheels a short way.
The global Automotive Steering System 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 Steering System Gears in various end use industries. The expanding demands from the Passenger Car and Commercial Vehicle, are propelling Automotive Steering System 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 Steering System 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 Steering System 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 Steering System Gears market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automotive Steering System 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 Steering System Gears covered in this report include Bosch, Denso, Motorcraft, Cardone, TRW, Power Steering, Inc., ZF, Cloyes and ACDelco, etc.
The global Automotive Steering System 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:
Bosch
Denso
Motorcraft
Cardone
TRW
Power Steering, Inc.
ZF
Cloyes
ACDelco
HLSmith
CTR
Chaoyang
Guangyang
Xianhe
Diamond
Global Automotive Steering System 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 Steering System Gears market, Segment by Type:
Hydraulic Power Steering
Electric Power Steering
Others
Global Automotive Steering System 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 Steering System 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 Steering System 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 steering system converts the rotation of the steering wheel into a swivelling movement of the road wheels in such a way that the steering-wheel rim turns a long way to move the road wheels a short way.
The global Automotive Steering System 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 Steering System Gears in various end use industries. The expanding demands from the Passenger Car and Commercial Vehicle, are propelling Automotive Steering System 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 Steering System 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 Steering System 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 Steering System Gears market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automotive Steering System 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 Steering System Gears covered in this report include Bosch, Denso, Motorcraft, Cardone, TRW, Power Steering, Inc., ZF, Cloyes and ACDelco, etc.
The global Automotive Steering System 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:
Bosch
Denso
Motorcraft
Cardone
TRW
Power Steering, Inc.
ZF
Cloyes
ACDelco
HLSmith
CTR
Chaoyang
Guangyang
Xianhe
Diamond
Global Automotive Steering System 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 Steering System Gears market, Segment by Type:
Hydraulic Power Steering
Electric Power Steering
Others
Global Automotive Steering System 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 Steering System 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 Steering System 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 Steering System Gears Market Overview
1.1 Automotive Steering System Gears Product Overview
1.2 Automotive Steering System Gears Market Segment by Type
1.2.1 Hydraulic Power Steering
1.2.2 Electric Power Steering
1.2.3 Others
1.3 Global Automotive Steering System Gears Market Size by Type
1.3.1 Global Automotive Steering System Gears Market Size Overview by Type (2018-2029)
1.3.2 Global Automotive Steering System Gears Historic Market Size Review by Type (2018-2023)
1.3.3 Global Automotive Steering System Gears Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Automotive Steering System Gears Sales Breakdown by Type (2018-2023)
1.4.2 Europe Automotive Steering System Gears Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Automotive Steering System Gears Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Automotive Steering System Gears Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Automotive Steering System Gears Sales Breakdown by Type (2018-2023)
2 Global Automotive Steering System Gears Market Competition by Company
2.1 Global Top Players by Automotive Steering System Gears Sales (2018-2023)
2.2 Global Top Players by Automotive Steering System Gears Revenue (2018-2023)
2.3 Global Top Players by Automotive Steering System Gears Price (2018-2023)
2.4 Global Top Manufacturers Automotive Steering System Gears Manufacturing Base Distribution, Sales Area, Product Type
2.5 Automotive Steering System Gears Market Competitive Situation and Trends
2.5.1 Automotive Steering System Gears Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Automotive Steering System 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 Steering System Gears as of 2022)
2.7 Date of Key Manufacturers Enter into Automotive Steering System Gears Market
2.8 Key Manufacturers Automotive Steering System Gears Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Automotive Steering System Gears Status and Outlook by Region
3.1 Global Automotive Steering System Gears Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Automotive Steering System Gears Historic Market Size by Region
3.2.1 Global Automotive Steering System Gears Sales in Volume by Region (2018-2023)
3.2.2 Global Automotive Steering System Gears Sales in Value by Region (2018-2023)
3.2.3 Global Automotive Steering System Gears Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Automotive Steering System Gears Forecasted Market Size by Region
3.3.1 Global Automotive Steering System Gears Sales in Volume by Region (2024-2029)
3.3.2 Global Automotive Steering System Gears Sales in Value by Region (2024-2029)
3.3.3 Global Automotive Steering System Gears Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Automotive Steering System Gears by Application
4.1 Automotive Steering System Gears Market Segment by Application
4.1.1 Passenger Car
4.1.2 Commercial Vehicle
4.2 Global Automotive Steering System Gears Market Size by Application
4.2.1 Global Automotive Steering System Gears Market Size Overview by Application (2018-2029)
4.2.2 Global Automotive Steering System Gears Historic Market Size Review by Application (2018-2023)
4.2.3 Global Automotive Steering System Gears Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Automotive Steering System Gears Sales Breakdown by Application (2018-2023)
4.3.2 Europe Automotive Steering System Gears Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Automotive Steering System Gears Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Automotive Steering System Gears Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Automotive Steering System Gears Sales Breakdown by Application (2018-2023)
5 North America Automotive Steering System Gears by Country
5.1 North America Automotive Steering System Gears Historic Market Size by Country
5.1.1 North America Automotive Steering System Gears Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Automotive Steering System Gears Sales in Volume by Country (2018-2023)
5.1.3 North America Automotive Steering System Gears Sales in Value by Country (2018-2023)
5.2 North America Automotive Steering System Gears Forecasted Market Size by Country
5.2.1 North America Automotive Steering System Gears Sales in Volume by Country (2024-2029)
5.2.2 North America Automotive Steering System Gears Sales in Value by Country (2024-2029)
6 Europe Automotive Steering System Gears by Country
6.1 Europe Automotive Steering System Gears Historic Market Size by Country
6.1.1 Europe Automotive Steering System Gears Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Automotive Steering System Gears Sales in Volume by Country (2018-2023)
6.1.3 Europe Automotive Steering System Gears Sales in Value by Country (2018-2023)
6.2 Europe Automotive Steering System Gears Forecasted Market Size by Country
6.2.1 Europe Automotive Steering System Gears Sales in Volume by Country (2024-2029)
6.2.2 Europe Automotive Steering System Gears Sales in Value by Country (2024-2029)
7 Asia-Pacific Automotive Steering System Gears by Region
7.1 Asia-Pacific Automotive Steering System Gears Historic Market Size by Region
7.1.1 Asia-Pacific Automotive Steering System Gears Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Automotive Steering System Gears Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Automotive Steering System Gears Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Automotive Steering System Gears Forecasted Market Size by Region
7.2.1 Asia-Pacific Automotive Steering System Gears Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Automotive Steering System Gears Sales in Value by Region (2024-2029)
8 Latin America Automotive Steering System Gears by Country
8.1 Latin America Automotive Steering System Gears Historic Market Size by Country
8.1.1 Latin America Automotive Steering System Gears Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Automotive Steering System Gears Sales in Volume by Country (2018-2023)
8.1.3 Latin America Automotive Steering System Gears Sales in Value by Country (2018-2023)
8.2 Latin America Automotive Steering System Gears Forecasted Market Size by Country
8.2.1 Latin America Automotive Steering System Gears Sales in Volume by Country (2024-2029)
8.2.2 Latin America Automotive Steering System Gears Sales in Value by Country (2024-2029)
9 Middle East and Africa Automotive Steering System Gears by Country
9.1 Middle East and Africa Automotive Steering System Gears Historic Market Size by Country
9.1.1 Middle East and Africa Automotive Steering System Gears Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Automotive Steering System Gears Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Automotive Steering System Gears Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Automotive Steering System Gears Forecasted Market Size by Country
9.2.1 Middle East and Africa Automotive Steering System Gears Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Automotive Steering System Gears Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Bosch
10.1.1 Bosch Company Information
10.1.2 Bosch Introduction and Business Overview
10.1.3 Bosch Automotive Steering System Gears Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Bosch Automotive Steering System Gears Products Offered
10.1.5 Bosch Recent Development
10.2 Denso
10.2.1 Denso Company Information
10.2.2 Denso Introduction and Business Overview
10.2.3 Denso Automotive Steering System Gears Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Denso Automotive Steering System Gears Products Offered
10.2.5 Denso Recent Development
10.3 Motorcraft
10.3.1 Motorcraft Company Information
10.3.2 Motorcraft Introduction and Business Overview
10.3.3 Motorcraft Automotive Steering System Gears Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Motorcraft Automotive Steering System Gears Products Offered
10.3.5 Motorcraft Recent Development
10.4 Cardone
10.4.1 Cardone Company Information
10.4.2 Cardone Introduction and Business Overview
10.4.3 Cardone Automotive Steering System Gears Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Cardone Automotive Steering System Gears Products Offered
10.4.5 Cardone Recent Development
10.5 TRW
10.5.1 TRW Company Information
10.5.2 TRW Introduction and Business Overview
10.5.3 TRW Automotive Steering System Gears Sales, Revenue and Gross Margin (2018-2023)
10.5.4 TRW Automotive Steering System Gears Products Offered
10.5.5 TRW Recent Development
10.6 Power Steering, Inc.
10.6.1 Power Steering, Inc. Company Information
10.6.2 Power Steering, Inc. Introduction and Business Overview
10.6.3 Power Steering, Inc. Automotive Steering System Gears Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Power Steering, Inc. Automotive Steering System Gears Products Offered
10.6.5 Power Steering, Inc. Recent Development
10.7 ZF
10.7.1 ZF Company Information
10.7.2 ZF Introduction and Business Overview
10.7.3 ZF Automotive Steering System Gears Sales, Revenue and Gross Margin (2018-2023)
10.7.4 ZF Automotive Steering System Gears Products Offered
10.7.5 ZF Recent Development
10.8 Cloyes
10.8.1 Cloyes Company Information
10.8.2 Cloyes Introduction and Business Overview
10.8.3 Cloyes Automotive Steering System Gears Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Cloyes Automotive Steering System Gears Products Offered
10.8.5 Cloyes Recent Development
10.9 ACDelco
10.9.1 ACDelco Company Information
10.9.2 ACDelco Introduction and Business Overview
10.9.3 ACDelco Automotive Steering System Gears Sales, Revenue and Gross Margin (2018-2023)
10.9.4 ACDelco Automotive Steering System Gears Products Offered
10.9.5 ACDelco Recent Development
10.10 HLSmith
10.10.1 HLSmith Company Information
10.10.2 HLSmith Introduction and Business Overview
10.10.3 HLSmith Automotive Steering System Gears Sales, Revenue and Gross Margin (2018-2023)
10.10.4 HLSmith Automotive Steering System Gears Products Offered
10.10.5 HLSmith Recent Development
10.11 CTR
10.11.1 CTR Company Information
10.11.2 CTR Introduction and Business Overview
10.11.3 CTR Automotive Steering System Gears Sales, Revenue and Gross Margin (2018-2023)
10.11.4 CTR Automotive Steering System Gears Products Offered
10.11.5 CTR Recent Development
10.12 Chaoyang
10.12.1 Chaoyang Company Information
10.12.2 Chaoyang Introduction and Business Overview
10.12.3 Chaoyang Automotive Steering System Gears Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Chaoyang Automotive Steering System Gears Products Offered
10.12.5 Chaoyang Recent Development
10.13 Guangyang
10.13.1 Guangyang Company Information
10.13.2 Guangyang Introduction and Business Overview
10.13.3 Guangyang Automotive Steering System Gears Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Guangyang Automotive Steering System Gears Products Offered
10.13.5 Guangyang Recent Development
10.14 Xianhe
10.14.1 Xianhe Company Information
10.14.2 Xianhe Introduction and Business Overview
10.14.3 Xianhe Automotive Steering System Gears Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Xianhe Automotive Steering System Gears Products Offered
10.14.5 Xianhe Recent Development
10.15 Diamond
10.15.1 Diamond Company Information
10.15.2 Diamond Introduction and Business Overview
10.15.3 Diamond Automotive Steering System Gears Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Diamond Automotive Steering System Gears Products Offered
10.15.5 Diamond Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Automotive Steering System 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 Steering System Gears Industrial Chain Analysis
11.4 Automotive Steering System Gears Market Dynamics
11.4.1 Automotive Steering System Gears Industry Trends
11.4.2 Automotive Steering System Gears Market Drivers
11.4.3 Automotive Steering System Gears Market Challenges
11.4.4 Automotive Steering System Gears Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Automotive Steering System Gears Distributors
12.3 Automotive Steering System 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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