Global Automotive Steering Systems Industry to 2028


DUBLIN, December 17, 2021 / PRNewswire / – “Global Automotive Steering System Market 2021-2028” report has been added to ResearchAndMarkets.com offer.

The global automotive steering systems market is expected to grow with a CAGR of 5.01% during the forecast years 2021-2028.

Strict energy efficiency standards primarily drive demand for automotive steering systems. In addition, an increasing demand for more functions in electronic control units is observed. These factors are propelling the growth of the global market.

On the contrary, the high cost of the automobile and the autonomous characteristics of the cars hamper this growth process. However, increasing automotive production and increasing adoption of electric vehicles indicate an overall positive outlook for the automotive steering systems market.

Latin America, the Middle East and Africa, the Asia Pacific, Europe, and North America together, shape the global automotive steering systems market.

The market in the Asia Pacific is expected to show the fastest growth in the world over the coming period. Factors such as the presence of a number of market leaders who are increasingly investing large sums in electric mobility services are the key factors in the growth of this market. In addition, the vast expansion of the capacity of India and China, the increase in per capita income and the development of the road network further contributes to the growth of the automotive steering systems market in the APAC region.

Competitive outlook

Some of the major players engaged in the automotive steering systems market include Hyundai Mobis, Robert Bosch GmbH, Hitachi Astemo Ltd, China Automotive Systems Inc, NSK Ltd, ZF Friedrichshafen AG, Nexteer Automotive Corporation, JTEKT Corporation, Denso Corporation, Thyssenkrupp AG, Mitsubishi Electric Corporation, Honda Motor Company, and Mando Corporation.

JTEKT Corporation manufactures and sells automotive components, bearings, sensors, machine tools and mechatronics. It offers automotive components such as steering systems, wheels, drivetrains, and engine and peripheral parts. Products available in steering systems include hydraulic power steering, electronic power steering and several unit components.

In addition, in the field of electronic power steering, the company offers electronic gear power steering, electronic column power steering, rack and pinion direct drive electronic power steering, electric pump hydraulic power steering and power steering. electronic double pinion. JTEKT Corporation has a commercial presence in North America, the Asia Pacific, Europe, the Middle East and Africa, and Latin America.

Main topics covered:

1. Global Automotive Steering Systems Market – Summary

2. Industry outlook
2.1. Impact of Covid-19 on the automotive steering systems industry
2.2. Key ideas
2.2.1. Adoption of sensors
2.2.2. Adas (Advanced Driver Assistance Systems) Automotive Adoption
2.2.3. Use of technologically advanced eps
2.3. Porter’s Five Forces Analysis
2.3.1. The threat of new participants
2.3.2. Threat of substitute
2.3.3. The bargaining power of buyers
2.3.4. Bargaining power of suppliers
2.3.5. Threat of competitive rivalry
2.4. Market attractiveness index
2.5. Supplier scorecard
2.6. Key impact analysis
2.6.1. Fuel consumption
2.6.2. CO2 emissions
2.6.3. Maintenance
2.7. Key market strategies
2.7.1. Product launches
2.7.2. Contracts and partnerships
2.7.3. Business expansions and divestitures
2.8. Market factors
2.8.1. Growing demand for additional functions in the Electronic Control Unit (ECU)
2.8.2. Strict energy efficiency standards
2.9. Market challenges
2.9.1. High cost of the automobile
2.9.2. Autonomous features in cars
2.10. Market opportunities
2.10.1. Positive outlook for automotive production
2.10.2. Growing number of electric vehicles

3. Global Automotive Steering Systems Market Outlook – By Vehicle Type
3.1. Driven by ice
3.2. Electric vehicles
3.2.1. PHEV (plug-in hybrid electric vehicle)
3.2.2. BEV (battery electric vehicle)
3.2.3. FCEV (Fuel Cell Electric Vehicle)
3.2.4. HEV (Hybrid Electric Vehicle)

4. Global Automotive Steering Systems Market Outlook – By Type
4.1. Electric steering system
4.1.1. Electric Power Steering System by Type
4.1.1.1. Column assist type (C-Eps)
4.1.1.2. Pinion Assist Type (P-Eps)
4.1.1.3. Direct drive type (D-Eps)
4.1.1.4. Rack Support Type (R-Eps)
4.1.2. Component-based electric power steering system
4.1.2.1. Steering rack / steering column
4.1.2.2. Sensor
4.1.2.3. Steering motor
4.1.2.4. Other types of components
4.2. Hydraulic steering system
4.3. Electro-hydraulic
4.4. Pilot by wire

5. Global Automotive Steering Systems Market – Regional Outlook

6. Competitive landscape
6.1. China Automotive Systems Inc
6.2. Denso Corporation
6.3. Hitachi Astemo Ltd
6.4. Honda Motor Company
6.5. Hyundai mobis
6.6. Jtekt Company
6.7. Mando Corporation
6.8. Mitsubishi electric corporation
6.9. Nexteer Automotive Corporation
6.10. NSK Ltd
6.11. Robert Bosch GmbH
6.12. Thyssenkrupp AG
6.13. Zf Friedrichshafen AG

7. Methodology and scope of the research
7.1. Scope of research and deliverables
7.2. Data sources
7.3. Research methodology

For more information on this report, visit https://www.researchandmarkets.com/r/gcsro4

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About Frances R. Smith

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