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report thumbnailSteering

Steering Is Set To Reach XXX million By 2033, Growing At A CAGR Of XX

Steering by Type (Electro-Hydraulic Power Steering (EHPS), Hydraulic Power Steering (HPS), Manual), by Application (Passenger cars, Light Commercial Vehicle, Heavy Commercial Vehicle), 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

Jan 27 2026

Base Year: 2025

109 Pages

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Steering Is Set To Reach XXX million By 2033, Growing At A CAGR Of XX

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Steering Is Set To Reach XXX million By 2033, Growing At A CAGR Of XX


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Key Insights

The global automotive steering system market is poised for significant expansion, propelled by the surging demand for advanced driver-assistance systems (ADAS) and the escalating adoption of electric vehicles (EVs). The market, projected to reach $92 million in 2025, is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 3.9% from 2025 to 2033. This robust growth trajectory is underpinned by several critical factors. Firstly, the widespread integration of electric power steering (EPS) in both conventional and electric vehicles contributes to improved fuel efficiency and reduced emissions, directly supporting global sustainability objectives. Secondly, the increasing consumer and regulatory demand for advanced safety features, such as lane-keeping assist and adaptive cruise control, mandates the development of sophisticated steering systems with seamless ADAS integration. Furthermore, the advancement of autonomous driving technologies represents a substantial market driver, requiring highly precise and responsive steering mechanisms. Leading industry players, including JTEKT, Bosch, ZF TRW, and NSK, are actively investing in research and development to meet this evolving demand, fostering continuous innovation in steering system technology.

Steering Research Report - Market Overview and Key Insights

Steering Market Size (In Million)

150.0M
100.0M
50.0M
0
92.00 M
2025
96.00 M
2026
99.00 M
2027
103.0 M
2028
107.0 M
2029
111.0 M
2030
116.0 M
2031
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Despite the positive outlook, the market is not without its hurdles. The substantial initial investment for advanced steering systems may impede widespread adoption in certain geographical areas. Additionally, volatility in raw material pricing and supply chain interruptions pose potential risks to market growth. Nevertheless, the long-term market prospects remain exceptionally strong, driven by the ongoing refinement and technological advancements in steering systems. Regional growth patterns are expected to vary, with North America and Europe likely to retain their dominant positions, followed by the Asia-Pacific region, bolstered by significant automotive production in key economies such as China and India. The market exhibits diverse segmentation, encompassing electric power steering, hydraulic power steering, and other categories, with EPS currently holding the largest market share. Continued innovation in steering technologies, including steer-by-wire systems and enhanced driver-assistance features, will undoubtedly shape the future landscape of the automotive steering system market.

Steering Market Size and Forecast (2024-2030)

Steering Company Market Share

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Steering Trends

The global steering system market, valued at approximately 150 million units in 2024, is projected to experience significant growth throughout the forecast period (2025-2033). This expansion is driven by several converging factors, including the burgeoning automotive industry, particularly in developing economies, and the increasing demand for advanced driver-assistance systems (ADAS) and autonomous vehicles. The shift towards electric vehicles (EVs) is also a major influence, as EVs often require different steering system designs compared to internal combustion engine (ICE) vehicles. This necessitates the development of new technologies and components, leading to substantial investment in research and development within the sector. The market is witnessing a clear trend towards more sophisticated and integrated steering systems, incorporating features like electric power steering (EPS), which offers improved fuel efficiency and handling, and steer-by-wire technology, paving the way for autonomous driving capabilities. Furthermore, heightened safety regulations and consumer preference for enhanced vehicle safety features are boosting demand for advanced steering systems with features like lane-keeping assist and adaptive cruise control. While traditional hydraulic steering systems still hold a significant market share, their dominance is gradually being challenged by the rapid advancement and adoption of EPS systems. The increasing integration of steering systems with other vehicle systems, like braking and infotainment, further complicates the market landscape, demanding a more holistic approach to system design and manufacturing. This complex interplay of technological advancements, regulatory changes, and evolving consumer demands contributes to the dynamic and expansive nature of the steering system market. The competition among leading players is intensifying, prompting innovation and strategic alliances to consolidate market share and establish technological leadership.

Driving Forces: What's Propelling the Steering

The growth of the steering market is fueled by a confluence of factors. The relentless expansion of the global automotive industry, particularly in emerging markets like China and India, significantly boosts the demand for steering systems. The rising adoption of electric vehicles is a pivotal driver, as EVs necessitate the adoption of more efficient and integrated steering solutions, typically electric power steering (EPS) systems. Furthermore, the automotive industry's relentless pursuit of enhanced vehicle safety and fuel efficiency is a key catalyst for market growth. Governments worldwide are enforcing stricter safety regulations, necessitating the integration of advanced safety features, such as lane-keeping assist and adaptive cruise control, directly impacting the demand for sophisticated steering systems. The progressive development and integration of ADAS and autonomous driving technologies are significantly influencing market dynamics, creating a need for innovative steering technologies like steer-by-wire. The integration of steering systems with other vehicle systems also contributes to this market expansion. The increasing complexity of vehicle systems requires a more holistic approach, further driving innovation and growth within the steering component sector. Finally, consumer preference for improved driving experience and enhanced safety features drives demand for technologically advanced steering systems, pushing the market towards premium and high-performance solutions.

Challenges and Restraints in Steering

Despite the considerable growth potential, the steering market faces several challenges. The high initial investment required for research and development of advanced steering technologies, like steer-by-wire, poses a significant barrier to entry for smaller players. Stringent safety regulations and certification processes add complexity and cost to the manufacturing and deployment of new steering systems. Fluctuations in the price of raw materials, particularly metals used in manufacturing steering components, can significantly impact profitability. The increasing complexity of integrated systems can lead to higher maintenance costs and potential reliability issues. Competition from established players and new entrants is intensifying, creating pressure on pricing and profit margins. Furthermore, the global economic climate and fluctuations in automotive production levels can impact demand and overall market growth. Lastly, managing the complex supply chains, especially in the current geopolitical environment, presents a logistical hurdle that impacts the timely delivery and manufacturing of these systems.

Key Region or Country & Segment to Dominate the Market

The Asia-Pacific region, particularly China, is expected to dominate the steering market throughout the forecast period. Several factors contribute to this dominance:

  • Rapid Growth of the Automotive Industry: China is the world's largest automotive market, exhibiting robust growth in vehicle production and sales.

  • Government Initiatives: The Chinese government actively promotes the development of the automotive sector, including the adoption of advanced technologies in vehicles.

  • Increasing Demand for EVs: China is at the forefront of EV adoption globally, creating substantial demand for EPS systems.

  • Europe: Europe will maintain a strong position, driven by stringent emission regulations and advanced safety standards, which necessitate technologically sophisticated steering solutions.

  • North America: While possessing a mature automotive market, North America will experience steady growth, driven by the increasing adoption of ADAS and autonomous vehicles.

Dominant Segments:

  • Electric Power Steering (EPS): EPS is rapidly becoming the dominant segment, surpassing hydraulic power steering systems due to its fuel efficiency, improved handling, and integration capabilities.
  • Advanced Driver-Assistance Systems (ADAS): The growing adoption of ADAS features, such as lane-keeping assist and adaptive cruise control, directly fuels the demand for advanced steering systems.
  • Autonomous Driving Technologies: The emerging market for autonomous vehicles will drive substantial demand for cutting-edge steering technologies, including steer-by-wire systems.

The dominance of the Asia-Pacific region, specifically China, coupled with the rapid growth of EPS and ADAS segments, paints a clear picture of the steering market's future trajectory.

Growth Catalysts in Steering Industry

The steering industry's growth is primarily propelled by the automotive industry's expansion in developing nations, the ongoing shift towards electric vehicles, and the escalating demand for enhanced vehicle safety and fuel efficiency features. These factors collectively drive innovation and the adoption of advanced steering technologies like EPS and steer-by-wire systems, ensuring sustained market expansion in the coming years.

Leading Players in the Steering

  • Jtekt
  • Robert Bosch Automotive Steering
  • ZF TRW Automotive Holdings
  • NSK
  • Nexteer Automotive
  • Mando
  • Thyssenkrupp
  • Hyundai Mobis
  • Showa
  • China Automotive Systems

Significant Developments in Steering Sector

  • 2020: Several major players announced significant investments in R&D for steer-by-wire technology.
  • 2021: New safety regulations were implemented in Europe impacting steering system designs.
  • 2022: A major automotive manufacturer partnered with a steering system supplier to develop a new integrated steering and braking system.
  • 2023: Several significant mergers and acquisitions occurred, reshaping the competitive landscape.
  • 2024: Introduction of new EPS models with improved energy efficiency.

Comprehensive Coverage Steering Report

This report provides a comprehensive overview of the steering system market, analyzing historical trends (2019-2024), current market dynamics (2025), and future projections (2025-2033). It delves into key market drivers, challenges, and opportunities, identifying leading players and their strategies. A detailed regional and segmental analysis provides granular insights into market growth and potential, offering valuable information to stakeholders in the automotive and related industries. The report offers a valuable resource for decision-making, strategic planning, and investment analysis in this dynamic and rapidly evolving sector.

Steering Segmentation

  • 1. Type
    • 1.1. Electro-Hydraulic Power Steering (EHPS)
    • 1.2. Hydraulic Power Steering (HPS)
    • 1.3. Manual
  • 2. Application
    • 2.1. Passenger cars
    • 2.2. Light Commercial Vehicle
    • 2.3. Heavy Commercial Vehicle

Steering Segmentation By Geography

  • 1. North America
    • 1.1. United States
    • 1.2. Canada
    • 1.3. Mexico
  • 2. South America
    • 2.1. Brazil
    • 2.2. Argentina
    • 2.3. Rest of South America
  • 3. Europe
    • 3.1. United Kingdom
    • 3.2. Germany
    • 3.3. France
    • 3.4. Italy
    • 3.5. Spain
    • 3.6. Russia
    • 3.7. Benelux
    • 3.8. Nordics
    • 3.9. Rest of Europe
  • 4. Middle East & Africa
    • 4.1. Turkey
    • 4.2. Israel
    • 4.3. GCC
    • 4.4. North Africa
    • 4.5. South Africa
    • 4.6. Rest of Middle East & Africa
  • 5. Asia Pacific
    • 5.1. China
    • 5.2. India
    • 5.3. Japan
    • 5.4. South Korea
    • 5.5. ASEAN
    • 5.6. Oceania
    • 5.7. Rest of Asia Pacific
Steering Market Share by Region - Global Geographic Distribution

Steering Regional Market Share

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Geographic Coverage of Steering

Higher Coverage
Lower Coverage
No Coverage

Steering REPORT HIGHLIGHTS

AspectsDetails
Study Period 2020-2034
Base Year 2025
Estimated Year 2026
Forecast Period2026-2034
Historical Period2020-2025
Growth RateCAGR of 3.9% from 2020-2034
Segmentation
    • By Type
      • Electro-Hydraulic Power Steering (EHPS)
      • Hydraulic Power Steering (HPS)
      • Manual
    • By Application
      • Passenger cars
      • Light Commercial Vehicle
      • Heavy Commercial Vehicle
  • 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
      • 3.3. Market Restrains
      • 3.4. Market Trends
  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 Steering Analysis, Insights and Forecast, 2020-2032
    • 5.1. Market Analysis, Insights and Forecast - by Type
      • 5.1.1. Electro-Hydraulic Power Steering (EHPS)
      • 5.1.2. Hydraulic Power Steering (HPS)
      • 5.1.3. Manual
    • 5.2. Market Analysis, Insights and Forecast - by Application
      • 5.2.1. Passenger cars
      • 5.2.2. Light Commercial Vehicle
      • 5.2.3. Heavy Commercial Vehicle
    • 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 Steering Analysis, Insights and Forecast, 2020-2032
    • 6.1. Market Analysis, Insights and Forecast - by Type
      • 6.1.1. Electro-Hydraulic Power Steering (EHPS)
      • 6.1.2. Hydraulic Power Steering (HPS)
      • 6.1.3. Manual
    • 6.2. Market Analysis, Insights and Forecast - by Application
      • 6.2.1. Passenger cars
      • 6.2.2. Light Commercial Vehicle
      • 6.2.3. Heavy Commercial Vehicle
  7. 7. South America Steering Analysis, Insights and Forecast, 2020-2032
    • 7.1. Market Analysis, Insights and Forecast - by Type
      • 7.1.1. Electro-Hydraulic Power Steering (EHPS)
      • 7.1.2. Hydraulic Power Steering (HPS)
      • 7.1.3. Manual
    • 7.2. Market Analysis, Insights and Forecast - by Application
      • 7.2.1. Passenger cars
      • 7.2.2. Light Commercial Vehicle
      • 7.2.3. Heavy Commercial Vehicle
  8. 8. Europe Steering Analysis, Insights and Forecast, 2020-2032
    • 8.1. Market Analysis, Insights and Forecast - by Type
      • 8.1.1. Electro-Hydraulic Power Steering (EHPS)
      • 8.1.2. Hydraulic Power Steering (HPS)
      • 8.1.3. Manual
    • 8.2. Market Analysis, Insights and Forecast - by Application
      • 8.2.1. Passenger cars
      • 8.2.2. Light Commercial Vehicle
      • 8.2.3. Heavy Commercial Vehicle
  9. 9. Middle East & Africa Steering Analysis, Insights and Forecast, 2020-2032
    • 9.1. Market Analysis, Insights and Forecast - by Type
      • 9.1.1. Electro-Hydraulic Power Steering (EHPS)
      • 9.1.2. Hydraulic Power Steering (HPS)
      • 9.1.3. Manual
    • 9.2. Market Analysis, Insights and Forecast - by Application
      • 9.2.1. Passenger cars
      • 9.2.2. Light Commercial Vehicle
      • 9.2.3. Heavy Commercial Vehicle
  10. 10. Asia Pacific Steering Analysis, Insights and Forecast, 2020-2032
    • 10.1. Market Analysis, Insights and Forecast - by Type
      • 10.1.1. Electro-Hydraulic Power Steering (EHPS)
      • 10.1.2. Hydraulic Power Steering (HPS)
      • 10.1.3. Manual
    • 10.2. Market Analysis, Insights and Forecast - by Application
      • 10.2.1. Passenger cars
      • 10.2.2. Light Commercial Vehicle
      • 10.2.3. Heavy Commercial Vehicle
  11. 11. Competitive Analysis
    • 11.1. Global Market Share Analysis 2025
      • 11.2. Company Profiles
        • 11.2.1 Jtekt
          • 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 Robert Bosch Automotive Steering
          • 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 ZF TRW Automotive Holdings
          • 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
          • 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
          • 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 Mando
          • 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
          • 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)
        • 11.2.8 Hyundai Mobis
          • 11.2.8.1. Overview
          • 11.2.8.2. Products
          • 11.2.8.3. SWOT Analysis
          • 11.2.8.4. Recent Developments
          • 11.2.8.5. Financials (Based on Availability)
        • 11.2.9 Showa
          • 11.2.9.1. Overview
          • 11.2.9.2. Products
          • 11.2.9.3. SWOT Analysis
          • 11.2.9.4. Recent Developments
          • 11.2.9.5. Financials (Based on Availability)
        • 11.2.10 China Automotive Systems
          • 11.2.10.1. Overview
          • 11.2.10.2. Products
          • 11.2.10.3. SWOT Analysis
          • 11.2.10.4. Recent Developments
          • 11.2.10.5. Financials (Based on Availability)
        • 11.2.11
          • 11.2.11.1. Overview
          • 11.2.11.2. Products
          • 11.2.11.3. SWOT Analysis
          • 11.2.11.4. Recent Developments
          • 11.2.11.5. Financials (Based on Availability)

List of Figures

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

List of Tables

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

The projected CAGR is approximately 3.9%.

2. Which companies are prominent players in the Steering?

Key companies in the market include Jtekt, Robert Bosch Automotive Steering, ZF TRW Automotive Holdings, NSK, Nexteer Automotive, Mando, Thyssenkrupp, Hyundai Mobis, Showa, China Automotive Systems, .

3. What are the main segments of the Steering?

The market segments include Type, Application.

4. Can you provide details about the market size?

The market size is estimated to be USD 92 million as of 2022.

5. What are some drivers contributing to market growth?

N/A

6. What are the notable trends driving market growth?

N/A

7. Are there any restraints impacting market growth?

N/A

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 3480.00, USD 5220.00, and USD 6960.00 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 and volume, measured in K.

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

Yes, the market keyword associated with the report is "Steering," 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 Steering 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 Steering?

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