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report thumbnailAutomotive Steering System Market

Automotive Steering System Market Unlocking Growth Potential: Analysis and Forecasts 2025-2033

Automotive Steering System Market by Type (Electric Power Steering (EPS), by Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2026-2034

Mar 6 2025

Base Year: 2025

180 Pages

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Automotive Steering System Market Unlocking Growth Potential: Analysis and Forecasts 2025-2033

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Automotive Steering System Market Unlocking Growth Potential: Analysis and Forecasts 2025-2033


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Key Insights

The Automotive Steering System Marketsize was valued at USD 17.1 Million Units in 2023 and is projected to reach USD 44.74 Million Units by 2032, exhibiting a CAGR of 14.73 % during the forecast period. A steering system in an automobile is defined as one that helps to direct or manage the movement of the car or any other motor vehicle. Thus, it has subparts such as the steering wheel, steering column, and linkages. Some of the popular steering systems include; Rack and pinion, recirculating ball, and the electric power steering. Some of the significant features that are usually incorporated are maneuverability, sensitivity to the driver, and safety measures. These systems are mandatory in all cars from small personal vehicles to large commercial vehicles to allow for precise control of the maneuvering and stability of the vehicle. The later types like the electric power steering have better fuel consumption rates and also require less maintenance. In conclusion, the steering system is a critical element of a vehicle and the driver's welfare. 

Automotive Steering System Market Research Report - Market Overview and Key Insights

Automotive Steering System Market Market Size (In Million)

150.0M
100.0M
50.0M
0
87.30 M
2021
94.20 M
2022
100.6 M
2023
106.7 M
2024
112.8 M
2025
118.9 M
2026
125.1 M
2027
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Automotive Steering System Trends

  • Increasing demand for electric power steering (EPS) systems
  • Growing adoption of ADAS and autonomous driving technologies
  • Shift towards lightweight and fuel-efficient steering systems
Automotive Steering System Market Market Size and Forecast (2024-2030)

Automotive Steering System Market Company Market Share

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Driving Forces: What's Propelling the Automotive Steering System Market

  • Rising demand for passenger cars and light commercial vehicles
  • Increasing safety concerns and government regulations
  • Technological advancements in automotive steering systems

Challenges and Restraints in the Automotive Steering System Market

  • High cost of advanced steering systems
  • Lack of skilled labor for installation and maintenance
  • Technical challenges in integrating steering systems with other automotive systems

Emerging Trends in Automotive Steering Systems

  • Haptic feedback steering systems
  • Steer-by-wire systems
  • Autonomous steering systems

Growth Catalysts in Automotive Steering System Industry

  • Government initiatives to promote electric vehicles, which require advanced steering systems for autonomous driving capabilities.
  • Increasing investment in research and development to enhance vehicle safety, comfort, and handling through the development of innovative steering technologies.
  • Collaboration between automakers and technology companies to integrate advanced electronics, software, and sensors into steering systems for improved efficiency and precision.
  • Rising demand for autonomous driving systems, leading to the development of steer-by-wire systems that provide redundancy and enhanced safety in autonomous vehicles.
  • Growing focus on fuel efficiency, mendorong pengembangan sistem kemudi yang lebih efisien untuk mengurangi konsumsi bahan bakar dan emisi kendaraan.

Market Segmentation: Automotive Steering System Analysis

Type:

  • Electric Power Steering (EPS)
  • Hydraulic Power Steering (HPS)
  • Mechanical Steering

Vehicle Type:

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Leading Players in the Automotive Steering System Market

  • Hyundai Mobis CO., Ltd
  • JTEKT Corporation
  • Mitsubishi Electric Corporation
  • NSK Ltd
  • Nexteer Automotive Group Limited
  • Showa Corporation
  • Thyssenkrupp AG
  • Bosch Automotive Steering
  • ZF Friedrichshafen AG
  • Valeo

Significant Developments in the Automotive Steering System Sector

  • Launch of new EPS systems by Hyundai Mobis
  • Acquisition of Nexteer by ZF Friedrichshafen AG
  • Collaboration between JTEKT and Mitsubishi Electric to develop autonomous steering systems

Comprehensive Coverage Automotive Steering System Market Report

Pricing Strategies:

  • Cost-plus pricing
  • Value-based pricing
  • Competitive Pricing

DROCs:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Geographic Coverage of Automotive Steering System Market

Higher Coverage
Lower Coverage
No Coverage

Automotive Steering System Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2020-2034
Base Year 2025
Estimated Year 2026
Forecast Period2026-2034
Historical Period2020-2025
Growth RateCAGR of 14.73% from 2020-2034
Segmentation
    • By Type
      • Electric Power Steering (EPS
    • By Vehicle Type
      • Passenger Cars
      • Light Commercial Vehicles
      • Heavy Commercial Vehicles
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Europe
      • United Kingdom
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Benelux
      • Nordics
      • Rest of Europe
    • Middle East & Africa
      • Turkey
      • Israel
      • GCC
      • North Africa
      • South Africa
      • Rest of Middle East & Africa
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • ASEAN
      • Oceania
      • Rest of Asia Pacific

Table of Contents

  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1 Increasing Demand for Forged Products in Power
        • 3.2.2 Agriculture
        • 3.2.3 Aerospace
        • 3.2.4 and Defense to Drive Industry Expansion
      • 3.3. Market Restrains
        • 3.3.1. The Cost of Vehicle Electrifications is Anticipate to Restraint the Growth of the Market
      • 3.4. Market Trends
        • 3.4.1. Economic and Social Benefits of Hydrogen Fuel Cell has led to Witnessed Significant Market Trend
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Global Automotive Steering System Market Analysis, Insights and Forecast, 2020-2032
    • 5.1. Market Analysis, Insights and Forecast - by Type
      • 5.1.1. Electric Power Steering (EPS
    • 5.2. Market Analysis, Insights and Forecast - by Vehicle Type
      • 5.2.1. Passenger Cars
      • 5.2.2. Light Commercial Vehicles
      • 5.2.3. Heavy Commercial Vehicles
    • 5.3. Market Analysis, Insights and Forecast - by Region
      • 5.3.1. North America
      • 5.3.2. South America
      • 5.3.3. Europe
      • 5.3.4. Middle East & Africa
      • 5.3.5. Asia Pacific
  6. 6. North America Automotive Steering System Market Analysis, Insights and Forecast, 2020-2032
    • 6.1. Market Analysis, Insights and Forecast - by Type
      • 6.1.1. Electric Power Steering (EPS
    • 6.2. Market Analysis, Insights and Forecast - by Vehicle Type
      • 6.2.1. Passenger Cars
      • 6.2.2. Light Commercial Vehicles
      • 6.2.3. Heavy Commercial Vehicles
  7. 7. South America Automotive Steering System Market Analysis, Insights and Forecast, 2020-2032
    • 7.1. Market Analysis, Insights and Forecast - by Type
      • 7.1.1. Electric Power Steering (EPS
    • 7.2. Market Analysis, Insights and Forecast - by Vehicle Type
      • 7.2.1. Passenger Cars
      • 7.2.2. Light Commercial Vehicles
      • 7.2.3. Heavy Commercial Vehicles
  8. 8. Europe Automotive Steering System Market Analysis, Insights and Forecast, 2020-2032
    • 8.1. Market Analysis, Insights and Forecast - by Type
      • 8.1.1. Electric Power Steering (EPS
    • 8.2. Market Analysis, Insights and Forecast - by Vehicle Type
      • 8.2.1. Passenger Cars
      • 8.2.2. Light Commercial Vehicles
      • 8.2.3. Heavy Commercial Vehicles
  9. 9. Middle East & Africa Automotive Steering System Market Analysis, Insights and Forecast, 2020-2032
    • 9.1. Market Analysis, Insights and Forecast - by Type
      • 9.1.1. Electric Power Steering (EPS
    • 9.2. Market Analysis, Insights and Forecast - by Vehicle Type
      • 9.2.1. Passenger Cars
      • 9.2.2. Light Commercial Vehicles
      • 9.2.3. Heavy Commercial Vehicles
  10. 10. Asia Pacific Automotive Steering System Market Analysis, Insights and Forecast, 2020-2032
    • 10.1. Market Analysis, Insights and Forecast - by Type
      • 10.1.1. Electric Power Steering (EPS
    • 10.2. Market Analysis, Insights and Forecast - by Vehicle Type
      • 10.2.1. Passenger Cars
      • 10.2.2. Light Commercial Vehicles
      • 10.2.3. Heavy Commercial Vehicles
  11. 11. Competitive Analysis
    • 11.1. Global Market Share Analysis 2025
      • 11.2. Company Profiles
        • 11.2.1 Hyundai Mobis CO. Ltd
          • 11.2.1.1. Overview
          • 11.2.1.2. Products
          • 11.2.1.3. SWOT Analysis
          • 11.2.1.4. Recent Developments
          • 11.2.1.5. Financials (Based on Availability)
        • 11.2.2 JTEKT Corporation
          • 11.2.2.1. Overview
          • 11.2.2.2. Products
          • 11.2.2.3. SWOT Analysis
          • 11.2.2.4. Recent Developments
          • 11.2.2.5. Financials (Based on Availability)
        • 11.2.3 Mitsubishi Electric Corporation
          • 11.2.3.1. Overview
          • 11.2.3.2. Products
          • 11.2.3.3. SWOT Analysis
          • 11.2.3.4. Recent Developments
          • 11.2.3.5. Financials (Based on Availability)
        • 11.2.4 NSK Ltd
          • 11.2.4.1. Overview
          • 11.2.4.2. Products
          • 11.2.4.3. SWOT Analysis
          • 11.2.4.4. Recent Developments
          • 11.2.4.5. Financials (Based on Availability)
        • 11.2.5 Nexteer Automotive Group Limited
          • 11.2.5.1. Overview
          • 11.2.5.2. Products
          • 11.2.5.3. SWOT Analysis
          • 11.2.5.4. Recent Developments
          • 11.2.5.5. Financials (Based on Availability)
        • 11.2.6 Showa Corporation
          • 11.2.6.1. Overview
          • 11.2.6.2. Products
          • 11.2.6.3. SWOT Analysis
          • 11.2.6.4. Recent Developments
          • 11.2.6.5. Financials (Based on Availability)
        • 11.2.7 Thyssenkrupp AG
          • 11.2.7.1. Overview
          • 11.2.7.2. Products
          • 11.2.7.3. SWOT Analysis
          • 11.2.7.4. Recent Developments
          • 11.2.7.5. Financials (Based on Availability)

List of Figures

  1. Figure 1: Global Automotive Steering System Market Revenue Breakdown (Million Units, %) by Region 2025 & 2033
  2. Figure 2: Global Automotive Steering System Market Volume Breakdown (K Units , %) by Region 2025 & 2033
  3. Figure 3: North America Automotive Steering System Market Revenue (Million Units), by Type 2025 & 2033
  4. Figure 4: North America Automotive Steering System Market Volume (K Units ), by Type 2025 & 2033
  5. Figure 5: North America Automotive Steering System Market Revenue Share (%), by Type 2025 & 2033
  6. Figure 6: North America Automotive Steering System Market Volume Share (%), by Type 2025 & 2033
  7. Figure 7: North America Automotive Steering System Market Revenue (Million Units), by Vehicle Type 2025 & 2033
  8. Figure 8: North America Automotive Steering System Market Volume (K Units ), by Vehicle Type 2025 & 2033
  9. Figure 9: North America Automotive Steering System Market Revenue Share (%), by Vehicle Type 2025 & 2033
  10. Figure 10: North America Automotive Steering System Market Volume Share (%), by Vehicle Type 2025 & 2033
  11. Figure 11: North America Automotive Steering System Market Revenue (Million Units), by Country 2025 & 2033
  12. Figure 12: North America Automotive Steering System Market Volume (K Units ), by Country 2025 & 2033
  13. Figure 13: North America Automotive Steering System Market Revenue Share (%), by Country 2025 & 2033
  14. Figure 14: North America Automotive Steering System Market Volume Share (%), by Country 2025 & 2033
  15. Figure 15: South America Automotive Steering System Market Revenue (Million Units), by Type 2025 & 2033
  16. Figure 16: South America Automotive Steering System Market Volume (K Units ), by Type 2025 & 2033
  17. Figure 17: South America Automotive Steering System Market Revenue Share (%), by Type 2025 & 2033
  18. Figure 18: South America Automotive Steering System Market Volume Share (%), by Type 2025 & 2033
  19. Figure 19: South America Automotive Steering System Market Revenue (Million Units), by Vehicle Type 2025 & 2033
  20. Figure 20: South America Automotive Steering System Market Volume (K Units ), by Vehicle Type 2025 & 2033
  21. Figure 21: South America Automotive Steering System Market Revenue Share (%), by Vehicle Type 2025 & 2033
  22. Figure 22: South America Automotive Steering System Market Volume Share (%), by Vehicle Type 2025 & 2033
  23. Figure 23: South America Automotive Steering System Market Revenue (Million Units), by Country 2025 & 2033
  24. Figure 24: South America Automotive Steering System Market Volume (K Units ), by Country 2025 & 2033
  25. Figure 25: South America Automotive Steering System Market Revenue Share (%), by Country 2025 & 2033
  26. Figure 26: South America Automotive Steering System Market Volume Share (%), by Country 2025 & 2033
  27. Figure 27: Europe Automotive Steering System Market Revenue (Million Units), by Type 2025 & 2033
  28. Figure 28: Europe Automotive Steering System Market Volume (K Units ), by Type 2025 & 2033
  29. Figure 29: Europe Automotive Steering System Market Revenue Share (%), by Type 2025 & 2033
  30. Figure 30: Europe Automotive Steering System Market Volume Share (%), by Type 2025 & 2033
  31. Figure 31: Europe Automotive Steering System Market Revenue (Million Units), by Vehicle Type 2025 & 2033
  32. Figure 32: Europe Automotive Steering System Market Volume (K Units ), by Vehicle Type 2025 & 2033
  33. Figure 33: Europe Automotive Steering System Market Revenue Share (%), by Vehicle Type 2025 & 2033
  34. Figure 34: Europe Automotive Steering System Market Volume Share (%), by Vehicle Type 2025 & 2033
  35. Figure 35: Europe Automotive Steering System Market Revenue (Million Units), by Country 2025 & 2033
  36. Figure 36: Europe Automotive Steering System Market Volume (K Units ), by Country 2025 & 2033
  37. Figure 37: Europe Automotive Steering System Market Revenue Share (%), by Country 2025 & 2033
  38. Figure 38: Europe Automotive Steering System Market Volume Share (%), by Country 2025 & 2033
  39. Figure 39: Middle East & Africa Automotive Steering System Market Revenue (Million Units), by Type 2025 & 2033
  40. Figure 40: Middle East & Africa Automotive Steering System Market Volume (K Units ), by Type 2025 & 2033
  41. Figure 41: Middle East & Africa Automotive Steering System Market Revenue Share (%), by Type 2025 & 2033
  42. Figure 42: Middle East & Africa Automotive Steering System Market Volume Share (%), by Type 2025 & 2033
  43. Figure 43: Middle East & Africa Automotive Steering System Market Revenue (Million Units), by Vehicle Type 2025 & 2033
  44. Figure 44: Middle East & Africa Automotive Steering System Market Volume (K Units ), by Vehicle Type 2025 & 2033
  45. Figure 45: Middle East & Africa Automotive Steering System Market Revenue Share (%), by Vehicle Type 2025 & 2033
  46. Figure 46: Middle East & Africa Automotive Steering System Market Volume Share (%), by Vehicle Type 2025 & 2033
  47. Figure 47: Middle East & Africa Automotive Steering System Market Revenue (Million Units), by Country 2025 & 2033
  48. Figure 48: Middle East & Africa Automotive Steering System Market Volume (K Units ), by Country 2025 & 2033
  49. Figure 49: Middle East & Africa Automotive Steering System Market Revenue Share (%), by Country 2025 & 2033
  50. Figure 50: Middle East & Africa Automotive Steering System Market Volume Share (%), by Country 2025 & 2033
  51. Figure 51: Asia Pacific Automotive Steering System Market Revenue (Million Units), by Type 2025 & 2033
  52. Figure 52: Asia Pacific Automotive Steering System Market Volume (K Units ), by Type 2025 & 2033
  53. Figure 53: Asia Pacific Automotive Steering System Market Revenue Share (%), by Type 2025 & 2033
  54. Figure 54: Asia Pacific Automotive Steering System Market Volume Share (%), by Type 2025 & 2033
  55. Figure 55: Asia Pacific Automotive Steering System Market Revenue (Million Units), by Vehicle Type 2025 & 2033
  56. Figure 56: Asia Pacific Automotive Steering System Market Volume (K Units ), by Vehicle Type 2025 & 2033
  57. Figure 57: Asia Pacific Automotive Steering System Market Revenue Share (%), by Vehicle Type 2025 & 2033
  58. Figure 58: Asia Pacific Automotive Steering System Market Volume Share (%), by Vehicle Type 2025 & 2033
  59. Figure 59: Asia Pacific Automotive Steering System Market Revenue (Million Units), by Country 2025 & 2033
  60. Figure 60: Asia Pacific Automotive Steering System Market Volume (K Units ), by Country 2025 & 2033
  61. Figure 61: Asia Pacific Automotive Steering System Market Revenue Share (%), by Country 2025 & 2033
  62. Figure 62: Asia Pacific Automotive Steering System Market Volume Share (%), by Country 2025 & 2033

List of Tables

  1. Table 1: Global Automotive Steering System Market Revenue Million Units Forecast, by Type 2020 & 2033
  2. Table 2: Global Automotive Steering System Market Volume K Units Forecast, by Type 2020 & 2033
  3. Table 3: Global Automotive Steering System Market Revenue Million Units Forecast, by Vehicle Type 2020 & 2033
  4. Table 4: Global Automotive Steering System Market Volume K Units Forecast, by Vehicle Type 2020 & 2033
  5. Table 5: Global Automotive Steering System Market Revenue Million Units Forecast, by Region 2020 & 2033
  6. Table 6: Global Automotive Steering System Market Volume K Units Forecast, by Region 2020 & 2033
  7. Table 7: Global Automotive Steering System Market Revenue Million Units Forecast, by Type 2020 & 2033
  8. Table 8: Global Automotive Steering System Market Volume K Units Forecast, by Type 2020 & 2033
  9. Table 9: Global Automotive Steering System Market Revenue Million Units Forecast, by Vehicle Type 2020 & 2033
  10. Table 10: Global Automotive Steering System Market Volume K Units Forecast, by Vehicle Type 2020 & 2033
  11. Table 11: Global Automotive Steering System Market Revenue Million Units Forecast, by Country 2020 & 2033
  12. Table 12: Global Automotive Steering System Market Volume K Units Forecast, by Country 2020 & 2033
  13. Table 13: United States Automotive Steering System Market Revenue (Million Units) Forecast, by Application 2020 & 2033
  14. Table 14: United States Automotive Steering System Market Volume (K Units ) Forecast, by Application 2020 & 2033
  15. Table 15: Canada Automotive Steering System Market Revenue (Million Units) Forecast, by Application 2020 & 2033
  16. Table 16: Canada Automotive Steering System Market Volume (K Units ) Forecast, by Application 2020 & 2033
  17. Table 17: Mexico Automotive Steering System Market Revenue (Million Units) Forecast, by Application 2020 & 2033
  18. Table 18: Mexico Automotive Steering System Market Volume (K Units ) Forecast, by Application 2020 & 2033
  19. Table 19: Global Automotive Steering System Market Revenue Million Units Forecast, by Type 2020 & 2033
  20. Table 20: Global Automotive Steering System Market Volume K Units Forecast, by Type 2020 & 2033
  21. Table 21: Global Automotive Steering System Market Revenue Million Units Forecast, by Vehicle Type 2020 & 2033
  22. Table 22: Global Automotive Steering System Market Volume K Units Forecast, by Vehicle Type 2020 & 2033
  23. Table 23: Global Automotive Steering System Market Revenue Million Units Forecast, by Country 2020 & 2033
  24. Table 24: Global Automotive Steering System Market Volume K Units Forecast, by Country 2020 & 2033
  25. Table 25: Brazil Automotive Steering System Market Revenue (Million Units) Forecast, by Application 2020 & 2033
  26. Table 26: Brazil Automotive Steering System Market Volume (K Units ) Forecast, by Application 2020 & 2033
  27. Table 27: Argentina Automotive Steering System Market Revenue (Million Units) Forecast, by Application 2020 & 2033
  28. Table 28: Argentina Automotive Steering System Market Volume (K Units ) Forecast, by Application 2020 & 2033
  29. Table 29: Rest of South America Automotive Steering System Market Revenue (Million Units) Forecast, by Application 2020 & 2033
  30. Table 30: Rest of South America Automotive Steering System Market Volume (K Units ) Forecast, by Application 2020 & 2033
  31. Table 31: Global Automotive Steering System Market Revenue Million Units Forecast, by Type 2020 & 2033
  32. Table 32: Global Automotive Steering System Market Volume K Units Forecast, by Type 2020 & 2033
  33. Table 33: Global Automotive Steering System Market Revenue Million Units Forecast, by Vehicle Type 2020 & 2033
  34. Table 34: Global Automotive Steering System Market Volume K Units Forecast, by Vehicle Type 2020 & 2033
  35. Table 35: Global Automotive Steering System Market Revenue Million Units Forecast, by Country 2020 & 2033
  36. Table 36: Global Automotive Steering System Market Volume K Units Forecast, by Country 2020 & 2033
  37. Table 37: United Kingdom Automotive Steering System Market Revenue (Million Units) Forecast, by Application 2020 & 2033
  38. Table 38: United Kingdom Automotive Steering System Market Volume (K Units ) Forecast, by Application 2020 & 2033
  39. Table 39: Germany Automotive Steering System Market Revenue (Million Units) Forecast, by Application 2020 & 2033
  40. Table 40: Germany Automotive Steering System Market Volume (K Units ) Forecast, by Application 2020 & 2033
  41. Table 41: France Automotive Steering System Market Revenue (Million Units) Forecast, by Application 2020 & 2033
  42. Table 42: France Automotive Steering System Market Volume (K Units ) Forecast, by Application 2020 & 2033
  43. Table 43: Italy Automotive Steering System Market Revenue (Million Units) Forecast, by Application 2020 & 2033
  44. Table 44: Italy Automotive Steering System Market Volume (K Units ) Forecast, by Application 2020 & 2033
  45. Table 45: Spain Automotive Steering System Market Revenue (Million Units) Forecast, by Application 2020 & 2033
  46. Table 46: Spain Automotive Steering System Market Volume (K Units ) Forecast, by Application 2020 & 2033
  47. Table 47: Russia Automotive Steering System Market Revenue (Million Units) Forecast, by Application 2020 & 2033
  48. Table 48: Russia Automotive Steering System Market Volume (K Units ) Forecast, by Application 2020 & 2033
  49. Table 49: Benelux Automotive Steering System Market Revenue (Million Units) Forecast, by Application 2020 & 2033
  50. Table 50: Benelux Automotive Steering System Market Volume (K Units ) Forecast, by Application 2020 & 2033
  51. Table 51: Nordics Automotive Steering System Market Revenue (Million Units) Forecast, by Application 2020 & 2033
  52. Table 52: Nordics Automotive Steering System Market Volume (K Units ) Forecast, by Application 2020 & 2033
  53. Table 53: Rest of Europe Automotive Steering System Market Revenue (Million Units) Forecast, by Application 2020 & 2033
  54. Table 54: Rest of Europe Automotive Steering System Market Volume (K Units ) Forecast, by Application 2020 & 2033
  55. Table 55: Global Automotive Steering System Market Revenue Million Units Forecast, by Type 2020 & 2033
  56. Table 56: Global Automotive Steering System Market Volume K Units Forecast, by Type 2020 & 2033
  57. Table 57: Global Automotive Steering System Market Revenue Million Units Forecast, by Vehicle Type 2020 & 2033
  58. Table 58: Global Automotive Steering System Market Volume K Units Forecast, by Vehicle Type 2020 & 2033
  59. Table 59: Global Automotive Steering System Market Revenue Million Units Forecast, by Country 2020 & 2033
  60. Table 60: Global Automotive Steering System Market Volume K Units Forecast, by Country 2020 & 2033
  61. Table 61: Turkey Automotive Steering System Market Revenue (Million Units) Forecast, by Application 2020 & 2033
  62. Table 62: Turkey Automotive Steering System Market Volume (K Units ) Forecast, by Application 2020 & 2033
  63. Table 63: Israel Automotive Steering System Market Revenue (Million Units) Forecast, by Application 2020 & 2033
  64. Table 64: Israel Automotive Steering System Market Volume (K Units ) Forecast, by Application 2020 & 2033
  65. Table 65: GCC Automotive Steering System Market Revenue (Million Units) Forecast, by Application 2020 & 2033
  66. Table 66: GCC Automotive Steering System Market Volume (K Units ) Forecast, by Application 2020 & 2033
  67. Table 67: North Africa Automotive Steering System Market Revenue (Million Units) Forecast, by Application 2020 & 2033
  68. Table 68: North Africa Automotive Steering System Market Volume (K Units ) Forecast, by Application 2020 & 2033
  69. Table 69: South Africa Automotive Steering System Market Revenue (Million Units) Forecast, by Application 2020 & 2033
  70. Table 70: South Africa Automotive Steering System Market Volume (K Units ) Forecast, by Application 2020 & 2033
  71. Table 71: Rest of Middle East & Africa Automotive Steering System Market Revenue (Million Units) Forecast, by Application 2020 & 2033
  72. Table 72: Rest of Middle East & Africa Automotive Steering System Market Volume (K Units ) Forecast, by Application 2020 & 2033
  73. Table 73: Global Automotive Steering System Market Revenue Million Units Forecast, by Type 2020 & 2033
  74. Table 74: Global Automotive Steering System Market Volume K Units Forecast, by Type 2020 & 2033
  75. Table 75: Global Automotive Steering System Market Revenue Million Units Forecast, by Vehicle Type 2020 & 2033
  76. Table 76: Global Automotive Steering System Market Volume K Units Forecast, by Vehicle Type 2020 & 2033
  77. Table 77: Global Automotive Steering System Market Revenue Million Units Forecast, by Country 2020 & 2033
  78. Table 78: Global Automotive Steering System Market Volume K Units Forecast, by Country 2020 & 2033
  79. Table 79: China Automotive Steering System Market Revenue (Million Units) Forecast, by Application 2020 & 2033
  80. Table 80: China Automotive Steering System Market Volume (K Units ) Forecast, by Application 2020 & 2033
  81. Table 81: India Automotive Steering System Market Revenue (Million Units) Forecast, by Application 2020 & 2033
  82. Table 82: India Automotive Steering System Market Volume (K Units ) Forecast, by Application 2020 & 2033
  83. Table 83: Japan Automotive Steering System Market Revenue (Million Units) Forecast, by Application 2020 & 2033
  84. Table 84: Japan Automotive Steering System Market Volume (K Units ) Forecast, by Application 2020 & 2033
  85. Table 85: South Korea Automotive Steering System Market Revenue (Million Units) Forecast, by Application 2020 & 2033
  86. Table 86: South Korea Automotive Steering System Market Volume (K Units ) Forecast, by Application 2020 & 2033
  87. Table 87: ASEAN Automotive Steering System Market Revenue (Million Units) Forecast, by Application 2020 & 2033
  88. Table 88: ASEAN Automotive Steering System Market Volume (K Units ) Forecast, by Application 2020 & 2033
  89. Table 89: Oceania Automotive Steering System Market Revenue (Million Units) Forecast, by Application 2020 & 2033
  90. Table 90: Oceania Automotive Steering System Market Volume (K Units ) Forecast, by Application 2020 & 2033
  91. Table 91: Rest of Asia Pacific Automotive Steering System Market Revenue (Million Units) Forecast, by Application 2020 & 2033
  92. Table 92: Rest of Asia Pacific Automotive Steering System Market Volume (K Units ) Forecast, by Application 2020 & 2033

Methodology

Step 1 - Identification of Relevant Samples Size from Population Database

Step Chart
Bar Chart
Method Chart

Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Approach Chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

Note*: In applicable scenarios

Step 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
Analyst Chart

Step 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the Automotive Steering System Market?

The projected CAGR is approximately 14.73%.

2. Which companies are prominent players in the Automotive Steering System Market?

Key companies in the market include Hyundai Mobis CO., Ltd, JTEKT Corporation, Mitsubishi Electric Corporation, NSK Ltd, Nexteer Automotive Group Limited, Showa Corporation, Thyssenkrupp AG.

3. What are the main segments of the Automotive Steering System Market?

The market segments include Type, Vehicle Type.

4. Can you provide details about the market size?

The market size is estimated to be USD 17.1 Million Units as of 2022.

5. What are some drivers contributing to market growth?

Increasing Demand for Forged Products in Power. Agriculture. Aerospace. and Defense to Drive Industry Expansion.

6. What are the notable trends driving market growth?

Economic and Social Benefits of Hydrogen Fuel Cell has led to Witnessed Significant Market Trend.

7. Are there any restraints impacting market growth?

The Cost of Vehicle Electrifications is Anticipate to Restraint the Growth of the Market.

8. Can you provide examples of recent developments in the market?

N/A

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4850, USD 5850, and USD 6850 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in Million Units and volume, measured in K Units .

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "Automotive Steering System Market," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the Automotive Steering System Market report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the Automotive Steering System Market?

To stay informed about further developments, trends, and reports in the Automotive Steering System Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.