Steering is the connection point between car and driver. It provides control and the feel of the road and plays a key role in the vehicle’s personality and performance. Increasing demand for driving comfort & fuel efficient vehicle from the consumers are the primary driving factors of the Automotive steering system market. In addition, factors such as increasing vehicle production globally are also the driving factor for the Automotive steering system market. However high cost of system, restraint the automotive steering system market. Thus the Automotive Steering Systems market is expected to register a CAGR of about 6%.
- By Vehicle Type: Commercial Vehicle & Passenger Vehicle
- By Steering System: Manual, Electrically Powered, Electro-Hydraulic Powered, & Hydraulic Powered
- By Components: Hydraulic pump, Steering Sensor & column, and Electric Motor
- By End Market: OEM & Aftermarket
- By Region
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Study Objectives of Automotive Steering Systems Market
- To provide detailed analysis of the market structure along with forecast for the next 6 years of the various segments and sub-segments of the Global Automotive Steering Systems Market
- To provide insights about factors affecting the market growth
- To Analyze the Global Automotive Steering Systems Market based on various factors such as supply chain analysis, and Porter’s five force analysis
- To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segments by Vehicle Type, and by Steering System, by Components and by End market.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Automotive Steering Systems Market.
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The leading players in the Automotive Steering Systems markets are
- Mitsubishi Electric Corporation (Japan)
- TRW Automotive Holdings (U.S.)
- Sona Koyo Steering System Ltd. (India)
- JTEKT Corporation (Japan)
- Robert Bosch Automotive Steering Gmbh (Germany)
- Nexteer Automotive (U.S.)
- China Automotive System Inc. (China)
- Thyssenkrupp Presta AG Aktiengesellschaft (U.S.)
- Automotive Steering Systems manufacturers
- Distributer & Supplier companies
- consultants and Investment bankers
- Government as well as Independent Regulatory Authorities
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- Geographical analysis across 21 countries
- Profiling of key market players
- SWOT analysis, and strategy information of top five profile players in the report
- Competitive landscape including emerging trends adopted by major companies
Regional Analysis of Automotive Steering Systems Market
European region hold the largest market share in Automotive Steering Systems market, due to the rising production of technologically advanced vehicle. This region will witness slow growth in the forecast period. Asia-Pacific region will show the fastest growth in forecast period because increasing automotive manufacturing activities and increasing eco-friendly initiatives in this region will increase the Automotive steering system market.
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