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Automotive Steering Systems-Global Market Insights and Sales Trends 2024
Synopsis
Automotive Steering Systems refers to a series of devices used to change or maintain the direction of the vehicle; its function is to control the direction according to the driver’s aim. Automotive steering system is one of the most basic systems of the vehicle.
The global Automotive Steering Systems market size is expected to reach US$ 43880 million by 2029, growing at a CAGR of 2.7% from 2023 to 2029. The market is mainly driven by the significant applications of Automotive Steering Systems in various end use industries. The expanding demands from the Passenger Vehicle and Commercial Vehicle, are propelling Automotive Steering Systems market. EPS, 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 HPS segment is estimated at % CAGR for the next seven-year period.
The global automotive steering systems market is relatively concentrated, the sales of top eleven manufacturers include JTEKT, Bosch, ZF, NSK, Nexteer Automobile, Thyssenkrupp, Mando, Mobis, Showa, Sona Koyo and CAAS, account about 67% of total global sales. The largest manufacture of utomotive steering systems is JTEKT, and the next is Bosch and ZF.
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 Systems, 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 Systems 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 Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automotive Steering Systems 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 Systems covered in this report include JTEKT, Bosch, ZF, NSK, Nexteer Automobile, Thyssenkrupp, Mando, Mobis and Showa, etc.
The global Automotive Steering Systems 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
ZF
NSK
Nexteer Automobile
Thyssenkrupp
Mando
Mobis
Showa
Sona Koyo
CAAS
Global Automotive Steering Systems 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 Systems market, Segment by Type:
EPS
HPS
EHPS
MS
Global Automotive Steering Systems market, by Application
Passenger Vehicle
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 Systems 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 Systems 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.
Automotive Steering Systems refers to a series of devices used to change or maintain the direction of the vehicle; its function is to control the direction according to the driver’s aim. Automotive steering system is one of the most basic systems of the vehicle.
The global Automotive Steering Systems market size is expected to reach US$ 43880 million by 2029, growing at a CAGR of 2.7% from 2023 to 2029. The market is mainly driven by the significant applications of Automotive Steering Systems in various end use industries. The expanding demands from the Passenger Vehicle and Commercial Vehicle, are propelling Automotive Steering Systems market. EPS, 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 HPS segment is estimated at % CAGR for the next seven-year period.
The global automotive steering systems market is relatively concentrated, the sales of top eleven manufacturers include JTEKT, Bosch, ZF, NSK, Nexteer Automobile, Thyssenkrupp, Mando, Mobis, Showa, Sona Koyo and CAAS, account about 67% of total global sales. The largest manufacture of utomotive steering systems is JTEKT, and the next is Bosch and ZF.
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 Systems, 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 Systems 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 Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automotive Steering Systems 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 Systems covered in this report include JTEKT, Bosch, ZF, NSK, Nexteer Automobile, Thyssenkrupp, Mando, Mobis and Showa, etc.
The global Automotive Steering Systems 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
ZF
NSK
Nexteer Automobile
Thyssenkrupp
Mando
Mobis
Showa
Sona Koyo
CAAS
Global Automotive Steering Systems 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 Systems market, Segment by Type:
EPS
HPS
EHPS
MS
Global Automotive Steering Systems market, by Application
Passenger Vehicle
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 Systems 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 Systems 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 Systems Market Overview
1.1 Automotive Steering Systems Product Overview
1.2 Automotive Steering Systems Market Segment by Type
1.2.1 EPS
1.2.2 HPS
1.2.3 EHPS
1.2.4 MS
1.3 Global Automotive Steering Systems Market Size by Type
1.3.1 Global Automotive Steering Systems Market Size Overview by Type (2018-2029)
1.3.2 Global Automotive Steering Systems Historic Market Size Review by Type (2018-2023)
1.3.3 Global Automotive Steering Systems Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Automotive Steering Systems Sales Breakdown by Type (2018-2023)
1.4.2 Europe Automotive Steering Systems Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Automotive Steering Systems Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Automotive Steering Systems Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Automotive Steering Systems Sales Breakdown by Type (2018-2023)
2 Global Automotive Steering Systems Market Competition by Company
2.1 Global Top Players by Automotive Steering Systems Sales (2018-2023)
2.2 Global Top Players by Automotive Steering Systems Revenue (2018-2023)
2.3 Global Top Players by Automotive Steering Systems Price (2018-2023)
2.4 Global Top Manufacturers Automotive Steering Systems Manufacturing Base Distribution, Sales Area, Product Type
2.5 Automotive Steering Systems Market Competitive Situation and Trends
2.5.1 Automotive Steering Systems Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Automotive Steering Systems 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 Systems as of 2022)
2.7 Date of Key Manufacturers Enter into Automotive Steering Systems Market
2.8 Key Manufacturers Automotive Steering Systems Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Automotive Steering Systems Status and Outlook by Region
3.1 Global Automotive Steering Systems Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Automotive Steering Systems Historic Market Size by Region
3.2.1 Global Automotive Steering Systems Sales in Volume by Region (2018-2023)
3.2.2 Global Automotive Steering Systems Sales in Value by Region (2018-2023)
3.2.3 Global Automotive Steering Systems Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Automotive Steering Systems Forecasted Market Size by Region
3.3.1 Global Automotive Steering Systems Sales in Volume by Region (2024-2029)
3.3.2 Global Automotive Steering Systems Sales in Value by Region (2024-2029)
3.3.3 Global Automotive Steering Systems Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Automotive Steering Systems by Application
4.1 Automotive Steering Systems Market Segment by Application
4.1.1 Passenger Vehicle
4.1.2 Commercial Vehicle
4.2 Global Automotive Steering Systems Market Size by Application
4.2.1 Global Automotive Steering Systems Market Size Overview by Application (2018-2029)
4.2.2 Global Automotive Steering Systems Historic Market Size Review by Application (2018-2023)
4.2.3 Global Automotive Steering Systems Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Automotive Steering Systems Sales Breakdown by Application (2018-2023)
4.3.2 Europe Automotive Steering Systems Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Automotive Steering Systems Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Automotive Steering Systems Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Automotive Steering Systems Sales Breakdown by Application (2018-2023)
5 North America Automotive Steering Systems by Country
5.1 North America Automotive Steering Systems Historic Market Size by Country
5.1.1 North America Automotive Steering Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Automotive Steering Systems Sales in Volume by Country (2018-2023)
5.1.3 North America Automotive Steering Systems Sales in Value by Country (2018-2023)
5.2 North America Automotive Steering Systems Forecasted Market Size by Country
5.2.1 North America Automotive Steering Systems Sales in Volume by Country (2024-2029)
5.2.2 North America Automotive Steering Systems Sales in Value by Country (2024-2029)
6 Europe Automotive Steering Systems by Country
6.1 Europe Automotive Steering Systems Historic Market Size by Country
6.1.1 Europe Automotive Steering Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Automotive Steering Systems Sales in Volume by Country (2018-2023)
6.1.3 Europe Automotive Steering Systems Sales in Value by Country (2018-2023)
6.2 Europe Automotive Steering Systems Forecasted Market Size by Country
6.2.1 Europe Automotive Steering Systems Sales in Volume by Country (2024-2029)
6.2.2 Europe Automotive Steering Systems Sales in Value by Country (2024-2029)
7 Asia-Pacific Automotive Steering Systems by Region
7.1 Asia-Pacific Automotive Steering Systems Historic Market Size by Region
7.1.1 Asia-Pacific Automotive Steering Systems Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Automotive Steering Systems Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Automotive Steering Systems Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Automotive Steering Systems Forecasted Market Size by Region
7.2.1 Asia-Pacific Automotive Steering Systems Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Automotive Steering Systems Sales in Value by Region (2024-2029)
8 Latin America Automotive Steering Systems by Country
8.1 Latin America Automotive Steering Systems Historic Market Size by Country
8.1.1 Latin America Automotive Steering Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Automotive Steering Systems Sales in Volume by Country (2018-2023)
8.1.3 Latin America Automotive Steering Systems Sales in Value by Country (2018-2023)
8.2 Latin America Automotive Steering Systems Forecasted Market Size by Country
8.2.1 Latin America Automotive Steering Systems Sales in Volume by Country (2024-2029)
8.2.2 Latin America Automotive Steering Systems Sales in Value by Country (2024-2029)
9 Middle East and Africa Automotive Steering Systems by Country
9.1 Middle East and Africa Automotive Steering Systems Historic Market Size by Country
9.1.1 Middle East and Africa Automotive Steering Systems Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Automotive Steering Systems Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Automotive Steering Systems Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Automotive Steering Systems Forecasted Market Size by Country
9.2.1 Middle East and Africa Automotive Steering Systems Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Automotive Steering Systems 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 Steering Systems Sales, Revenue and Gross Margin (2018-2023)
10.1.4 JTEKT Automotive Steering Systems 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 Steering Systems Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Bosch Automotive Steering Systems Products Offered
10.2.5 Bosch Recent Development
10.3 ZF
10.3.1 ZF Company Information
10.3.2 ZF Introduction and Business Overview
10.3.3 ZF Automotive Steering Systems Sales, Revenue and Gross Margin (2018-2023)
10.3.4 ZF Automotive Steering Systems Products Offered
10.3.5 ZF Recent Development
10.4 NSK
10.4.1 NSK Company Information
10.4.2 NSK Introduction and Business Overview
10.4.3 NSK Automotive Steering Systems Sales, Revenue and Gross Margin (2018-2023)
10.4.4 NSK Automotive Steering Systems Products Offered
10.4.5 NSK Recent Development
10.5 Nexteer Automobile
10.5.1 Nexteer Automobile Company Information
10.5.2 Nexteer Automobile Introduction and Business Overview
10.5.3 Nexteer Automobile Automotive Steering Systems Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Nexteer Automobile Automotive Steering Systems Products Offered
10.5.5 Nexteer Automobile Recent Development
10.6 Thyssenkrupp
10.6.1 Thyssenkrupp Company Information
10.6.2 Thyssenkrupp Introduction and Business Overview
10.6.3 Thyssenkrupp Automotive Steering Systems Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Thyssenkrupp Automotive Steering Systems Products Offered
10.6.5 Thyssenkrupp Recent Development
10.7 Mando
10.7.1 Mando Company Information
10.7.2 Mando Introduction and Business Overview
10.7.3 Mando Automotive Steering Systems Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Mando Automotive Steering Systems Products Offered
10.7.5 Mando Recent Development
10.8 Mobis
10.8.1 Mobis Company Information
10.8.2 Mobis Introduction and Business Overview
10.8.3 Mobis Automotive Steering Systems Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Mobis Automotive Steering Systems Products Offered
10.8.5 Mobis Recent Development
10.9 Showa
10.9.1 Showa Company Information
10.9.2 Showa Introduction and Business Overview
10.9.3 Showa Automotive Steering Systems Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Showa Automotive Steering Systems Products Offered
10.9.5 Showa Recent Development
10.10 Sona Koyo
10.10.1 Sona Koyo Company Information
10.10.2 Sona Koyo Introduction and Business Overview
10.10.3 Sona Koyo Automotive Steering Systems Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Sona Koyo Automotive Steering Systems Products Offered
10.10.5 Sona Koyo Recent Development
10.11 CAAS
10.11.1 CAAS Company Information
10.11.2 CAAS Introduction and Business Overview
10.11.3 CAAS Automotive Steering Systems Sales, Revenue and Gross Margin (2018-2023)
10.11.4 CAAS Automotive Steering Systems Products Offered
10.11.5 CAAS Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Automotive Steering Systems 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 Systems Industrial Chain Analysis
11.4 Automotive Steering Systems Market Dynamics
11.4.1 Automotive Steering Systems Industry Trends
11.4.2 Automotive Steering Systems Market Drivers
11.4.3 Automotive Steering Systems Market Challenges
11.4.4 Automotive Steering Systems Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Automotive Steering Systems Distributors
12.3 Automotive Steering Systems 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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