The Automotive Steering Systems Market was valued at USD 32.12 Billion in 2022, and is expected to reach USD 44.30 Billion by 2029, exhibiting a CAGR of 4.7% during the forecast period (2023-2029)

Automotive Steering Systems Market Report Overview:

The report offers a comprehensive analysis of the Automotive Steering Systems Market, delving into the factors driving its growth, identifying key opportunities, outlining emerging trends, and highlighting potential obstacles. It sheds light on prominent players within the industry, providing a detailed examination of their growth tactics, production facilities, capacity, global footprint, and range of products.

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Automotive Steering Systems Market Report Scope and Research Methodology:

The Automotive Steering Systems Market report is designed to assess both current and prospective market landscapes, offering insights into global demand, revenue generation, sales data, and revenue trends. By dissecting distinct segments, it equips clients with a nuanced understanding of shared growth catalysts across the Automotive Steering Systems Market. Featuring leading players, newcomers, and followers within the industry, it offers tailored insights into development drivers with meticulous attention to detail, employing a meticulous top-down and bottom-up approach to ensure precision. Developed through a rigorous study leveraging methodologies like PESTLE, PORTER, and SWOT analysis, the Automotive Steering Systems Market report by MMR stands as a comprehensive resource for industry stakeholders.

Automotive Steering Systems Market Segmentation:

by Component

1. Hydraulic Pump
2. Steering Column
3. Electric Motor
4. Steering Wheel Speed Sensor

by Technology

1. Electric power steering (EPS)
2. Electrically assisted hydraulic power steering (EHPS)
3. Hydraulic power steering (HPS)

by EPS Type

1. Column-EPS (C-EPS)
2. Pinion-EPS (P-EPS)
3. Rack-EPS (R-EPS)

by Pinion-Type

1. Single
2. Dual

by Mechanism

1. Collapsible EPS
2. Rigid EPS

by Vehicle Type

1. Passenger Car (PC)
2. Light Commercial Vehicle (LCV)
3. Heavy Commercial Vehicle (HCV)

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Automotive Steering Systems Market Key Players:

1. China Automotive Systems, Inc.
2. Nexteer Automotive
3. Hitachi Automotive Systems Americas, Inc.
4. Hyundai Mobis
5. JTEKT Corporation
6. The Mando Corporation
7. NSK Ltd.
8. Robert Bosch GmbH
9. Showa Corporation
10. ThyssenKrupp AG
11. Magna International
12. Mitsubishi Electric Corporation
13. Denso Corporation
14. Sona Corporation
15. Knorr-Bremse AG
16. ZF Friedrichshafen AG
17. Rollax GmbH & Co. KG

Automotive Steering Systems Market Regional Insights:

The market report delves into the Automotive Steering Systems Market business in great depth, segmenting it into numerous locations. North America, South America, Europe, Asia Pacific (APAC), Africa, and the Middle East are evaluated by region and country in the study. In it, regional markets are thoroughly investigated to uncover regional Automotive Steering Systems Market trends, restrictions, and possible prospects.

Key Questions answered in the Automotive Steering Systems Market Report are:

• What is Automotive Steering Systems Market?
• What was the Automotive Steering Systems Market size in historic period?
• What is the expected Automotive Steering Systems Market size by Forecast Period?
• What are the sales, production, consumption, and import and export of Automotive Steering Systems Market globally (North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
• What are the emerging trends in the Automotive Steering Systems Market?
• Who are the top players in the Automotive Steering Systems Market Industry?

Key Offerings:

• Past Market Size and Competitive Landscape 
• Past Pricing and price curve by region 
• Market Size, Share, Size & Forecast by Different Segment |
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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