Automotive Steering System Market Size, Share, and Forecast by 2031
Automotive Steering System Market: Strategic Insights
Automotive Steering System Market
-
CAGR (2023 - 2031)4.3% -
Market Size 2023
US$ 25530.23 Million -
Market Size 2031
US$ 35754.37 Million
Market Dynamics
GROWTH DRIVERS
- Rise in Demand for Electrification in Vehicles
FUTURE TRENDS
- Rise in Integration of EPS and Advanced Driver-Assistance Systems (ADAS)
OPPORTUNITIES
- Integration of Technologically Advanced EPS Systems in Commercial Vehicles
Key Players
- China Automotive Systems Inc
- Nexteer Automotive
- Hitachi Automotive Systems Americas Inc
- Hyundai Mobis
- JTEKT Corporation
- Mando Corporation
- NSK Ltd
- Robert Bosch GmbH
- HYCET Technology Co Ltd
- Thyssenkrupp AG
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Type
- Electronic Power Steering
- Hydraulic Power Steering
- Electro-Hydraulic Power Steering
Product Type
- Column Drive
- Rack Drive
Vehicle Type
- Passenger Cars
- Commercial Vehicles