Automotive Steering Systems Market Information Report 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) and by End Market (OEM & Aftermarket) and by Region - Global Forecast to 2022
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 and is expected to register a significant growth of 6% in the next six years.
European region is a major shareholder of the Automotive steering system market. Asia-Pacific region is expected to grow at fastest pace during the forecast period.
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1.2 Scope of the Study
1.4 Market Structure
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Dynamics
3.1.1 Booming Automotive Industry
3.1.2 Cut throat competition in the Automotive Industry
3.2.1 Capital Intensive Market
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Key Players of Automotive Steering Systems Market:
- 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.)
Scope of the Report:
This study provides an overview of the Automotive steering system 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.
This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion.
Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Global Automotive Steering Systems Market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
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