Automotive Steering System Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

  • ID: 4590650
  • Report
  • Region: Global
  • 100 pages
  • Infinium Global Research
1 of 4

FEATURED COMPANIES

  • Hyundai Mobis Co. Ltd
  • JTEKT Corporation
  • Nexteer Automotive
  • ThyssenKrupp
  • TRW Automotive Holdings
  • MORE
The report on global automotive steering system market provides qualitative and quantitative analysis for the period of 2016 to 2024. The report predicts the global automotive steering system market to grow with a CAGR of 7.3% over the forecast period of 2018-2024. The study on automotive steering system market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific and RoW for the period of 2016 to 2024.

The shift from earlier hydraulic steering system technology to EPS (Electric power system steering) systems, as a result of the global fuel crisis and need for fuel efficient solutions are the factors driving the need for automotive steering system market. Additionally, factors such as the rising vehicle production globally and the growing demand for easy vehicle regulated movement have also fuelled the growth of the companies operating in the market for automotive steering systems.However,High cost associated with power steering system is anticipated to restrain the growth of the automotive steering system market.

Furthermore, as the leading manufacturers are shifting their focus towards AI-controlled steering wheels this in turn is expected to open doors of opportunities for the key players in the automotive steering systems market over the upcoming years. Moreover, factors such as integration of advanced driver assistance systems in vehicles combined with improved purchasing power of consumers across the globe are expected to expand the scope of the automotive steering system market for a considerable period.

Among the geographies, Asia Pacific is expected to dominate the automotive steering system market. Additionally, factors such as low cost labor, subsidiaries towards local manufacturing and free trade agreement with other countries is expected to augment the market growth in the Asia Pacific regions during the forecast period. Furthermore, North America is another region for the manufacture of the automotive steering market due to the major manufacturers and development of new technologies in the automotive market. However, the growing automobile sector in Asia-Pacific with India, China, and Japan emerging as automotive manufacture hubs is anticipated to drive the market for electric power steering systems. Thus, the growth of the automotive steering market is expected to go hand in hand with the automotive industry.

The report on automotive steering system market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global automotive steering system market over the period of 2016 to 2024. Moreover, the report is collective presentation of primary and secondary research findings.

Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global automotive steering system market over the period of 2016 to 2024. Further, the Growth Matrix h Matrix given in the report brings an insight on the investment areas that existing or new market players can consider.

Research Methodology

Primary Research

Primary research involves extensive interviews and analysis of the opinions provided by the primary respondents.

The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through:

1. Key Opinion Leaders associated
2. Internal and External subject matter experts
3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers

Primary research respondents typically include:

1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/country managers
5. Vice President level executives.

Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

Secondary sources of the data typically include:

1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segments Covered

The global automotive steering system market is segmented on the basis of type and vehicle type.

Global Automotive Steering System Market by Type
  • Electronic Power Steering
  • Electro-Hydraulic Power Steering
  • Hydraulic Power Steering
Global Automotive Steering System Market by Vehicle Type
  • Heavy Commercial Vehicle
  • Light Commercial Vehicle
  • Passenger Vehicles
Company Profiles
  • ThyssenKrupp
  • China Automotive Systems Inc.
  • Nexteer Automotive
  • Robert Bosch Automotive Steering GmbH
  • JTEKT Corporation
  • Sona Koyo Steering Systems Ltd
  • Hyundai Mobis Co. Ltd
  • TRW Automotive Holdings
  • Mitsubishi Electric Corporation
  • ZF Friedrichshafen Manufacturing Company
How this report delivers

1. Comprehensive analysis of global as well as regional markets of automotive steering system market.

2. Complete coverage of all the segments in automotive steering system market to analyze the trends, developments in the global market and forecast of market size up to 2024.

3. Comprehensive analysis of the companies operating in global automotive steering system market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.

4. Growth Matrix presents analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
READ MORE
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Hyundai Mobis Co. Ltd
  • JTEKT Corporation
  • Nexteer Automotive
  • ThyssenKrupp
  • TRW Automotive Holdings
  • MORE
1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches

2. Executive Summary

3. Global Automotive Steering System Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter's Five Forces Analysis
3.4. Growth Matrix Analysis
3.5. Competitive Landscape in the Global Automotive Steering System Market

4. Global Automotive Steering System Market by Type
4.1. Electronic Power Steering
4.2. Electro-Hydraulic Power Steering
4.3. Hydraulic Power Steering

5. Global Automotive Steering System Market by Vehicle Type
5.1. Heavy Commercial Vehicle
5.2. Light Commercial Vehicle
5.3. Passenger Vehicles

6. Global Automotive Steering System Market by Region 2018-2024
6.1. North America
6.1.1. North America Automotive Steering System Market by Type
6.1.2. North America Automotive Steering System Market by Vehicle Type
6.1.3. North America Automotive Steering System Market by Country
6.2. Europe
6.2.1. Europe Automotive Steering System Market by Type
6.2.2. Europe Automotive Steering System Market by Vehicle Type
6.2.3. Europe Automotive Steering System Market by Country
6.3. Asia-Pacific
6.3.1. Asia-Pacific Automotive Steering System Market by Type
6.3.2. Asia-Pacific Automotive Steering System Market by Vehicle Type
6.3.3. Asia-Pacific Automotive Steering System Market by Country
6.4. RoW
6.4.1. RoW Automotive Steering System Market by Type
6.4.2. RoW Automotive Steering System Market by Vehicle Type
6.4.3. RoW Automotive Steering System Market by Sub-region

7. Company Covered
7.1. Thyssenkrupp
7.2. China Automotive Systems Inc.
7.3. Nexteer Automotive
7.4. Robert Bosch Automotive Steering Gmbh
7.5. Jtekt Corporation
7.6. Sona Koyo Steering Systems Ltd
7.7. Hyundai Mobis Co. Ltd
7.8. TRW Automotive Holdings
7.9. Mitsubishi Electric Corporation
7.10. ZF Friedrichshafen Manufacturing Company
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
  • ThyssenKrupp
  • China Automotive Systems Inc.
  • Nexteer Automotive
  • Robert Bosch Automotive Steering GmbH
  • JTEKT Corporation
  • Sona Koyo Steering Systems Ltd
  • Hyundai Mobis Co. Ltd
  • TRW Automotive Holdings
  • Mitsubishi Electric Corporation
  • ZF Friedrichshafen Manufacturing Company
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
Adroll
adroll