Home » Automotive, Business » Automotive Steering System Industry is Grow with CAGR of 6%, VENDORS- Mitsubishi Electric and TRW Automotive

“Automotive Steering Market”
Automotive Steering Industry Key Vendors Robert Bosch, Denso Corp., Continental AG, Johnson Controls, Mitsubishi Electric, TRW Automotive and JTEKT Corporation

Market Highlights

Steering is the connection point between car and driver. It 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 and is expected to register a significant growth of 6% in the next six years.

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Scope of the report

This study provides an overview of the Automotive Steering Systems industry, tracking market segments across the categorized five geographic regions. The report provides a six-year forecast for the market size in terms of value for North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The scope of the study segments the Automotive steering system market based on Vehicle Type, Steering System, Components, & End market. 

Key Players   

  • 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.). 

Regional Analysis 

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. 

Brief TOC of Automotive Steering Systems Market

1. Report Prologue

2. Introduction

3. Research Methodology

3.1. Research Process

3.2. Primary Research

4. Market Dynamics

5. Automotive Steering System Market, By Vehicle Type

5.1. Introduction

5.2. Commercial Vehicle

5.3. Passenger Vehicle

6. Automotive Steering System Market, By Steering System

6.1. Introduction

6.2. Manual

6.3. Electrically Powered

6.4. Electro-Hydraulic Powered

7. Automotive Steering System Market, By Components

7.1. Introduction

7.2. Hydraulic Pump

7.3. Steering Sensor & Column

Continued…. 

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LIST OF TABLES

Table 1 Global Automotive Steering System Market Snapshot

Table 2 Drivers for the Market

Table 3 Restraints for the Market

Table 4 Automotive Steering Systems Market, By Vehicle Type, (USD Million)

Table 5 Automotive Steering Systems Market, By Region, (USD Million)

Continued….

Taste the market data and market information presented through more than 40 market data tables and figures spread in 100 pages of the report. Avail the in-depth table of content TOC & market synopsis on “Automotive steering system Market Information- Global Forecast to 2022

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