Automotive Steering Systems Market

Automotive Steering Systems Market  Growth, Trends, COVID-19 Impact, and Forecasts

Automotive Steering Systems Market Scope

The report is a detailed analysis of the Automotive Steering Systems Market covering all the major aspects such as segments, country-wise, and region-wise. For a better understanding of Automotive Steering Systems Market penetration, competitive structure, pricing analysis, and demand analysis of the market is undertaken at the local, regional, and global levels. Major leading companies are mentioned by region, along with their revenue, financial status, portfolio, developments, mergers & acquisitions, and strategic alliances, for competitive analysis of the Automotive Steering Systems Market. The total Automotive Steering Systems market size, volume, and various segment estimates were validated using the Bottom-up approach.

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Market Segmentation :

The automotive steering system market is divided into three segments based on vehicle type: passenger cars, light commercial vehicles, and heavy commercial vehicles. Because of rising sales and production in Asia Pacific emerging nations, the passenger car category is expected to dominate the automotive steering system market during the forecast period. The growing use of electric power steering systems in passenger vehicles is expected to drive growth in this segment of the automotive steering system market. The automotive steering system market in the light commercial vehicle segment is also expected to grow. Light commercial vehicles frequently use hydraulic power steering systems. Furthermore, the growing demand for logistical operations for trade activities is expected to drive the growth of the automotive steering systems market in this segment.

Because of its improved fuel economy and steering feel, the dual pinion segment is expected to dominate the automotive steering systems market. Dual pinion provides more design options for locating the motor and controller, as well as assisting the mechanism on the opposite driver side, lowering the risk of leg damage in the event of a collision. Furthermore, during the forecast period, the growing penetration of the C and D vehicle sectors is expected to drive the growth of the dual pinion segment in the automotive steering systems industry.

Market Key Players : 

● China Automotive Systems, Inc.
● Nexteer Automotive
● Hitachi Automotive Systems Americas, Inc.
● Hyundai Mobis
● JTEKT Corporation
● The Mando Corporation
● NSK Ltd.
● Robert Bosch GmbH
● Showa Corporation
● ThyssenKrupp AG
● Magna International
● Mitsubishi Electric Corporation
● Denso Corporation
● Sona Corporation
● Knorr-Bremse AG
● ZF Friedrichshafen AG
● Rollax GmbH & Co. KG

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

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