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Steering Systems-Global Market Insights and Sales Trends 2025
Synopsis
Steering systems in automobile is the direct contact of the driver with its vehicle.
The global Steering Systems 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 Steering Systems in various end use industries. The expanding demands from the Passenger Car and Commercial Vehicle, are propelling Steering Systems market. Electronic Power Steering (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 Electro-Hydraulic Power Steering (EHPS) segment is estimated at % CAGR for the next seven-year period.
An Electro-Hydraulic Power Steering system combines the advantages of both EPS and HPS and offers the best maneuverability and fuel efficiency.
Report Objectives
This report provides market insight on the different segments, by players, 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 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 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 Steering Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, 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 Steering Systems covered in this report include TRW Automotive Holdings, Mitsubishi Electric, Hyundai Mobis, Sona Koyo Steering Systems, Robert Bosch Automotive Steering, JTEKT, Nexteer Automotive, Thyssenkrupp Presta and China Automotive Systems, etc.
The global Steering Systems market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
TRW Automotive Holdings
Mitsubishi Electric
Hyundai Mobis
Sona Koyo Steering Systems
Robert Bosch Automotive Steering
JTEKT
Nexteer Automotive
Thyssenkrupp Presta
China Automotive Systems
ZF Friedrichshafen Manufacturing
Global 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 Steering Systems market, Segment by Type:
Electronic Power Steering (EPS)
Electro-Hydraulic Power Steering (EHPS)
Hydraulic Power Steering (HPS)
Global Steering Systems market, by Application
Passenger Car
Commercial Vehicle
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Steering Systems companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Steering systems in automobile is the direct contact of the driver with its vehicle.
The global Steering Systems 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 Steering Systems in various end use industries. The expanding demands from the Passenger Car and Commercial Vehicle, are propelling Steering Systems market. Electronic Power Steering (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 Electro-Hydraulic Power Steering (EHPS) segment is estimated at % CAGR for the next seven-year period.
An Electro-Hydraulic Power Steering system combines the advantages of both EPS and HPS and offers the best maneuverability and fuel efficiency.
Report Objectives
This report provides market insight on the different segments, by players, 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 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 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 Steering Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, 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 Steering Systems covered in this report include TRW Automotive Holdings, Mitsubishi Electric, Hyundai Mobis, Sona Koyo Steering Systems, Robert Bosch Automotive Steering, JTEKT, Nexteer Automotive, Thyssenkrupp Presta and China Automotive Systems, etc.
The global Steering Systems market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
TRW Automotive Holdings
Mitsubishi Electric
Hyundai Mobis
Sona Koyo Steering Systems
Robert Bosch Automotive Steering
JTEKT
Nexteer Automotive
Thyssenkrupp Presta
China Automotive Systems
ZF Friedrichshafen Manufacturing
Global 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 Steering Systems market, Segment by Type:
Electronic Power Steering (EPS)
Electro-Hydraulic Power Steering (EHPS)
Hydraulic Power Steering (HPS)
Global Steering Systems market, by Application
Passenger Car
Commercial Vehicle
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Steering Systems companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Steering Systems
1.1 Steering Systems Market Overview
1.1.1 Steering Systems Product Scope
1.1.2 Steering Systems Market Status and Outlook
1.2 Global Steering Systems Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Steering Systems Market Size by Region (2018-2029)
1.4 Global Steering Systems Historic Market Size by Region (2018-2023)
1.5 Global Steering Systems Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Steering Systems Market Size (2018-2029)
1.6.1 North America Steering Systems Market Size (2018-2029)
1.6.2 Europe Steering Systems Market Size (2018-2029)
1.6.3 Asia-Pacific Steering Systems Market Size (2018-2029)
1.6.4 Latin America Steering Systems Market Size (2018-2029)
1.6.5 Middle East & Africa Steering Systems Market Size (2018-2029)
2 Steering Systems Market by Type
2.1 Introduction
2.1.1 Electronic Power Steering (EPS)
2.1.2 Electro-Hydraulic Power Steering (EHPS)
2.1.3 Hydraulic Power Steering (HPS)
2.2 Global Steering Systems Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Steering Systems Historic Market Size by Type (2018-2023)
2.2.2 Global Steering Systems Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Steering Systems Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Steering Systems Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Steering Systems Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Steering Systems Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Steering Systems Revenue Breakdown by Type (2018-2029)
3 Steering Systems Market Overview by Application
3.1 Introduction
3.1.1 Passenger Car
3.1.2 Commercial Vehicle
3.2 Global Steering Systems Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Steering Systems Historic Market Size by Application (2018-2023)
3.2.2 Global Steering Systems Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Steering Systems Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Steering Systems Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Steering Systems Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Steering Systems Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Steering Systems Revenue Breakdown by Application (2018-2029)
4 Steering Systems Competition Analysis by Players
4.1 Global Steering Systems Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Steering Systems as of 2022)
4.3 Date of Key Players Enter into Steering Systems Market
4.4 Global Top Players Steering Systems Headquarters and Area Served
4.5 Key Players Steering Systems Product Solution and Service
4.6 Competitive Status
4.6.1 Steering Systems Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 TRW Automotive Holdings
5.1.1 TRW Automotive Holdings Profile
5.1.2 TRW Automotive Holdings Main Business
5.1.3 TRW Automotive Holdings Steering Systems Products, Services and Solutions
5.1.4 TRW Automotive Holdings Steering Systems Revenue (US$ Million) & (2018-2023)
5.1.5 TRW Automotive Holdings Recent Developments
5.2 Mitsubishi Electric
5.2.1 Mitsubishi Electric Profile
5.2.2 Mitsubishi Electric Main Business
5.2.3 Mitsubishi Electric Steering Systems Products, Services and Solutions
5.2.4 Mitsubishi Electric Steering Systems Revenue (US$ Million) & (2018-2023)
5.2.5 Mitsubishi Electric Recent Developments
5.3 Hyundai Mobis
5.3.1 Hyundai Mobis Profile
5.3.2 Hyundai Mobis Main Business
5.3.3 Hyundai Mobis Steering Systems Products, Services and Solutions
5.3.4 Hyundai Mobis Steering Systems Revenue (US$ Million) & (2018-2023)
5.3.5 Sona Koyo Steering Systems Recent Developments
5.4 Sona Koyo Steering Systems
5.4.1 Sona Koyo Steering Systems Profile
5.4.2 Sona Koyo Steering Systems Main Business
5.4.3 Sona Koyo Steering Systems Steering Systems Products, Services and Solutions
5.4.4 Sona Koyo Steering Systems Steering Systems Revenue (US$ Million) & (2018-2023)
5.4.5 Sona Koyo Steering Systems Recent Developments
5.5 Robert Bosch Automotive Steering
5.5.1 Robert Bosch Automotive Steering Profile
5.5.2 Robert Bosch Automotive Steering Main Business
5.5.3 Robert Bosch Automotive Steering Steering Systems Products, Services and Solutions
5.5.4 Robert Bosch Automotive Steering Steering Systems Revenue (US$ Million) & (2018-2023)
5.5.5 Robert Bosch Automotive Steering Recent Developments
5.6 JTEKT
5.6.1 JTEKT Profile
5.6.2 JTEKT Main Business
5.6.3 JTEKT Steering Systems Products, Services and Solutions
5.6.4 JTEKT Steering Systems Revenue (US$ Million) & (2018-2023)
5.6.5 JTEKT Recent Developments
5.7 Nexteer Automotive
5.7.1 Nexteer Automotive Profile
5.7.2 Nexteer Automotive Main Business
5.7.3 Nexteer Automotive Steering Systems Products, Services and Solutions
5.7.4 Nexteer Automotive Steering Systems Revenue (US$ Million) & (2018-2023)
5.7.5 Nexteer Automotive Recent Developments
5.8 Thyssenkrupp Presta
5.8.1 Thyssenkrupp Presta Profile
5.8.2 Thyssenkrupp Presta Main Business
5.8.3 Thyssenkrupp Presta Steering Systems Products, Services and Solutions
5.8.4 Thyssenkrupp Presta Steering Systems Revenue (US$ Million) & (2018-2023)
5.8.5 Thyssenkrupp Presta Recent Developments
5.9 China Automotive Systems
5.9.1 China Automotive Systems Profile
5.9.2 China Automotive Systems Main Business
5.9.3 China Automotive Systems Steering Systems Products, Services and Solutions
5.9.4 China Automotive Systems Steering Systems Revenue (US$ Million) & (2018-2023)
5.9.5 China Automotive Systems Recent Developments
5.10 ZF Friedrichshafen Manufacturing
5.10.1 ZF Friedrichshafen Manufacturing Profile
5.10.2 ZF Friedrichshafen Manufacturing Main Business
5.10.3 ZF Friedrichshafen Manufacturing Steering Systems Products, Services and Solutions
5.10.4 ZF Friedrichshafen Manufacturing Steering Systems Revenue (US$ Million) & (2018-2023)
5.10.5 ZF Friedrichshafen Manufacturing Recent Developments
6 North America
6.1 North America Steering Systems Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Steering Systems Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Steering Systems Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Steering Systems Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Steering Systems Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Steering Systems Market Dynamics
11.1 Steering Systems Industry Trends
11.2 Steering Systems Market Drivers
11.3 Steering Systems Market Challenges
11.4 Steering Systems Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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