Automotive Steering Systems Market Trend, Share, Growth, Size, Analysis, and Forecast 2032

Automotive Steering Systems Market

Automotive Steering Systems Market By Product Type(Electronic Power Steering Systems, Hydraulic Power Steering Systems (HPS), Manual Steering, and Electro-Hydraulic Power Steering Systems (HPS)), By Vehicle-Type (Passenger Vehicle(Compact, Mid-size, Premium, SUVs), Commercial Vehicle(HCV, HCV)), and By Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2024-2032

Category: Automotive Report Format : PDF Pages: 208 Report Code: ZMR-3078 Published Date: Aug-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 28.97 Billion USD 45.57 Billion 5.16% 2023

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global Automotive Steering Systems, 2024-2032 (USD Million)
    • 2.2. Global Automotive Steering Systems : Snapshot
  • Chapter 3. Automotive Steering Systems - Market Dynamics
    • 3.1. Introduction
    • 3.2. Market drivers
      • 3.2.1. Global Automotive Steering Systems drivers: Impact analysis
      • 3.2.2. Increasing Demand for Fuel-efficient Vehicles
      • 3.2.3. Technological Advancement
    • 3.3. Market Restraints
      • 3.3.1. Global Automotive Steering Systems restraints: Impact analysis
      • 3.3.2. High cost for development
    • 3.4. Opportunities
      • 3.4.1. Increasing Modernization in Automotive Industry
    • 3.5. Trend
      • 3.5.1. Rising Vehicle Production
    • 3.6. Porter's five forces analysis
      • 3.6.1. Bargaining power of suppliers
      • 3.6.2. Bargaining power of buyers
      • 3.6.3. Threat from new entrants
      • 3.6.4. Threat from new substitutes
      • 3.6.5. Degree of competition
    • 3.7. Market attractiveness analysis
      • 3.7.1. Market attractiveness analysis, by type segment
      • 3.7.2. Market attractiveness analysis, by application segment
        • 3.7.2.1. Market attractiveness analysis, by regional segment
  • Chapter 4. Global Automotive Steering Systems - Competitive Landscape
    • 4.1. Company Market Share Analysis
      • 4.1.1. Global Automotive Steering Systems: company market share, 2024
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Therapy and Regional Expansion
    • 4.3. Market Definition
    • 4.4. Product Portfolio
    • 4.5. Industry Development
    • 4.6. Technological roadmap
  • Chapter 5. Global Automotive Steering Systems - Type Segment Analysis
    • 5.1. Global Automotive Steering Systems: type overview
      • 5.1.1. Global Automotive Steering Systems revenue share, by type, 2024 and 2032
    • 5.2. Electronic Power Steering Systems (EPS)
      • 5.2.1. Global Electronic Power Steering Systems (EPS, 2024-2032(USD Million)
    • 5.3. Hydraulic Power Steering Systems (HPS)
      • 5.3.1. Global Hydraulic Power Steering Systems (HPS), 2024-2032(USD Million)
    • 5.4. Electro-Hydraulic Power Steering Systems (EHPS)
      • 5.4.1. Global Electro-Hydraulic Power Steering Systems (EHPS), 2024-2032(USD Million)
  • Chapter 6. Global Automotive Steering Systems - Application Segment Analysis
    • 6.1. Global Automotive Steering Systems: Application overview
      • 6.1.1. Global Automotive Steering Systems revenue share, by Application, 2024 and 2032
    • 6.2. Passenger Vehicle
      • 6.2.1. Global Automotive Steering Systems for Passenger Vehicle, 2024-2032 (USD Million)
    • 6.3. Commercial Vehicle
      • 6.3.1. Global Automotive Steering Systems for Commercial Vehicle, 2024-2032(USD Million)
  • Chapter 7. Global Automotive Steering Systems - Regional Segment Analysis
    • 7.1. Global Automotive Steering Systems: Regional overview
      • 7.1.1. Global Automotive Steering Systems revenue share, by region, 2024 and 2032
    • 7.2. North America
      • 7.2.1. North America Automotive Steering Systems revenue, by type, 2024-2032 (USD Million)
      • 7.2.2. North America Automotive Steering Systems revenue, by Application, 2024-2032 (USD Million)
      • 7.2.3. U.S. Automotive Steering Systems revenue, 2024-2032 (USD Million)
      • 7.2.4. Rest of North America Automotive Steering Systems revenue, 2024-2032 (USD Million)
    • 7.3. Europe
      • 7.3.1. Europe Automotive Steering Systems revenue, by type, 2024-2032(USD Million)
      • 7.3.2. Europe Automotive Steering Systems revenue, by Application, 2024-2032(USD Million)
      • 7.3.3. Germany Automotive Steering Systems revenue, 2024-2032(USD Million)
      • 7.3.4. UK Automotive Steering Systems revenue, 2024-2032(USD Million)
      • 7.3.5. France Automotive Steering Systems revenue, 2024-2032(USD Million)
      • 7.3.6. Italy Automotive Steering Systems revenue, 2024-2032(USD Million)
      • 7.3.7. Spain Automotive Steering Systems revenue, 2024-2032(USD Million)
      • 7.3.8. Rest of Europe Automotive Steering Systems revenue, 2024-2032(USD Million)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Automotive Steering Systems revenue, by type, 2024-2032, (USD Million)
      • 7.4.2. Asia Pacific Automotive Steering Systems revenue, by Application, 2024-2032(USD Million)
      • 7.4.3. China Automotive Steering Systems revenue, 2024-2032(USD Million)
      • 7.4.4. Japan Automotive Steering Systems revenue,2024-2032(USD Million)
      • 7.4.5. India Automotive Steering Systems revenue,2024-2032(USD Million)
      • 7.4.6. Southeast AsiaAutomotive Steering Systems revenue,2024-2032(USD Million)
      • 7.4.7. Rest of Asia Pacific Automotive Steering Systems revenue, 2024-2032(USD Million)
    • 7.5. Latin America
      • 7.5.1. Latin America Automotive Steering Systems revenue, by type, 2024-2032(USD Million)
      • 7.5.2. Latin America Automotive Steering Systems revenue, by Application, 2024-2032(USD Million)
      • 7.5.3. Brazil Automotive Steering Systems revenue, 2024-2032(USD Million)
      • 7.5.4. Rest of Latin America Automotive Steering Systems revenue, 2024-2032(USD Million)
    • 7.6. Middle East and Africa
      • 7.6.1. Middle East and Africa Automotive Steering Systems revenue, by type, 2024-2032 (USD Million)
      • 7.6.2. Middle East and Africa Automotive Steering Systems revenue, by Application, 2024-2032(USD Million)
      • 7.6.3. GCC Countries Automotive Steering Systems revenue, 2024-2032(USD Million)
      • 7.6.4. South Africa Automotive Steering Systems revenue, 2024-2032(USD Million)
      • 7.6.5. Rest of Middle East and Africa Automotive Steering Systems revenue, 2024-2032(USD Million)
  • Chapter 8. Company Profile
    • 8.1. Bosch Limited
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. Nexteer Automotive
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. Robert Bosch Automotive Steering GmbH
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. SHOWA Corporation.
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. Sona Koyo Steering Systems Ltd
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. Thyssenkrupp Business Area Components Technology
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. China Automotive Systems, Inc.
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. Hyundai Mobis
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. JTEKT Corporation
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product portfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments
    • 8.10. ZF Friedrichshafen AG
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product portfolio
      • 8.10.4. Business strategy
      • 8.10.5. Recent developments
    • 8.11. Yubei Steering Systems Co., Ltd.
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Product portfolio
      • 8.11.4. Business strategy
      • 8.11.5. Recent developments
    • 8.12. Zhejiang Wanda Steering Gear Co., Ltd.
      • 8.12.1. Overview
      • 8.12.2. Financials
      • 8.12.3. Product portfolio
      • 8.12.4. Business strategy
      • 8.12.5. Recent developments
    • 8.13. Mitsubishi Electric Corporation
      • 8.13.1. Overview
      • 8.13.2. Financials
      • 8.13.3. Product portfolio
      • 8.13.4. Business strategy
      • 8.13.5. Recent developments

Table Of Figures

List of Figures

1. Market research process
2. Market research methodology
3. Global Automotive Steering Systems revenue, 2024-2032(USD Million)
4. Porter’s five forces analysis
5. Automotive Steering Systems attractiveness analysis, by type segment
6. Automotive Steering Systems: Market attractiveness analysis, by Application Segment
7. Automotive Steering Systems: Market attractiveness analysis, by regional segment
8. Company market share analysis, 2024
9. Global Automotive Steering Systems revenue share by type, 2024 and 2032
10. Global Electronic Power Steering Systems (EPS)Automotive Steering Systems, 2024-2032 (USD Million)
11. Global Hydraulic Power Steering Systems (HPS)Automotive Steering Systems, 2024-2032(USD Million)
12. Global Electro-Hydraulic Power Steering Systems (EHPS)Automotive Steering Systems, 2024-2032(USD Million)
13. Global Automotive Steering Systems revenue share by Application, 2024 and 2032
14. Global Automotive Steering Systems for Passenger Vehicle, 2024-2032, (USD Million)
15. Global Automotive Steering Systems for Commercial Vehicle, 2024-2032, (USD Million)
16. Global Automotive Steering Systems, By Region, 2024 and 2032
17. North America Automotive Steering Systems, By Country, 2024 and 2032
18. U.S. Automotive Steering Systems Revenue (USD Mn), 2024-2032
19. Rest of North America Automotive Steering Systems Revenue (USD Mn), 2024-2032
20. Europe Automotive Steering Systems, By Country, 2024 and 2032
21. France Automotive Steering Systems Revenue (USD Mn),2024-2032
22. U.K. Automotive Steering Systems Revenue (USD Mn), 2024-2032
23. Spain Automotive Steering Systems Revenue (USD Mn), 2024-2032
24. Germany Automotive Steering Systems Revenue (USD Mn),2024-2032
25. Italy Automotive Steering Systems Revenue (USD Mn), 2024-2032
26. Rest of Europe Automotive Steering Systems Revenue (USD Mn), 2024-2032
27. Asia Pacific Automotive Steering Systems, By Country, 2024 and 2032
28. China Automotive Steering Systems Revenue (USD Mn), 2024-2032
29. Japan Automotive Steering Systems Revenue (USD Mn), 2024-2032
30. India Automotive Steering Systems Revenue (USD Mn), 2024-2032
31. Southeast Asia Automotive Steering Systems Revenue (USD Mn), 2024-2032
32. Rest of Asia Pacific Automotive Steering Systems Revenue (USD Mn), 2024-2032
33. Latin America Automotive Steering Systems, By Country, 2024 and 2032
34. Brazil Automotive Steering Systems Revenue (USD Mn), 2024-2032
35. Rest of Latin America Automotive Steering Systems Revenue (USD Mn), 2024-2032
36. Middle East & Africa Automotive Steering Systems, By Country, 2024 and 2032
37. GCC Countries Automotive Steering Systems Revenue (USD Mn), 2024-2032
38. South Africa Automotive Steering Systems Revenue (USD Mn), 2024-2032
39. Rest of the Middle East & Africa Automotive Steering Systems Revenue (USD Mn), 2024-2032


Table Of Tables

List of Tables

1. Automotive Steering Systems: Market Snapshot
2. Drivers of global Automotive Steering Systems: Impact analysis
3. Restraints of global Automotive Steering Systems: Impact analysis
4. Global Automotive Steering Systems (USD Mn), By Type, 2024-2032
5. Global Automotive Steering Systems (USD Mn), By Application, 2024-2032
6. Global Automotive Steering Systems (USD Mn), By Region, 2024-2032
7. North America Automotive Steering Systems (USD Mn), By Country, 2024-2032
8. North America Automotive Steering Systems revenue, by type, 2024-2032 (USD Million)
9. North America Automotive Steering Systems revenue, by Application, 2024-2032 (USD Million)
10. U.S. Automotive Steering Systems (USD Mn), By Type, 2024-2032
11. U.S. Automotive Steering Systems (USD Mn), By Application, 2024-2032
12. Rest of North America Automotive Steering Systems (USD Mn), By Type, 2024-2032
13. Rest of North America Automotive Steering Systems (USD Mn), By Application, 2024-2032
14. Europe Automotive Steering Systems (USD Mn), By Country, 2024-2032
15. Europe Automotive Steering Systems revenue, by type, 2024-2032 (USD Million)
16. Europe Automotive Steering Systems revenue, by Application, 2024-2032 (USD Million)
17. France Automotive Steering Systems (USD Mn), By Type, 2024-2032
18. France Automotive Steering Systems (USD Mn), By Application, 2024-2032
19. The U.K. Automotive Steering Systems (USD Mn), By Type, 2024-2032
20. The U.K. Automotive Steering Systems (USD Mn), By Application, 2024-2032
21. Spain Automotive Steering Systems (USD Mn), By Type, 2024-2032
22. Spain Automotive Steering Systems (USD Mn), By Application, 2024-2032
23. Germany Automotive Steering Systems (USD Mn), By Type, 2024-2032
24. Germany Automotive Steering Systems (USD Mn), By Application, 2024-2032
25. Italy Automotive Steering Systems (USD Mn), By Type, 2024-2032
26. Italy Automotive Steering Systems(USD Mn), By Application, 2024-2032
27. Rest of Europe Automotive Steering Systems (USD Mn), By Type, 2024-2032
28. Rest of Europe Automotive Steering Systems (USD Mn), By Application, 2024-2032
29. Asia Pacific Automotive Steering Systems (USD Mn), By Country, 2024-2032
30. Asia Pacific Automotive Steering Systems revenue, by type, 2024-2032 (USD Million)
31. Asia Pacific Automotive Steering Systems revenue, by Application, 2024-2032 (USD Million)
32. China Automotive Steering Systems (USD Mn), By Type, 2024-2032
33. China Automotive Steering Systems (USD Mn), By Application, 2024-2032
34. Japan Automotive Steering Systems (USD Mn), By Type, 2024-2032
35. Japan Automotive Steering Systems (USD Mn), By Application, 2024-2032
36. India Automotive Steering Systems (USD Mn), By Type, 2024-2032
37. India Automotive Steering Systems (USD Mn), By Application, 2024-2032
38. Southeast Asia Automotive Steering Systems (USD Mn), By Type, 2024-2032
39. Southeast Asia Automotive Steering Systems (USD Mn), By Application, 2024-2032
40. Rest of Asia Pacific Automotive Steering Systems (USD Mn), By Type, 2024-2032
41. Rest of Asia Pacific Automotive Steering Systems (USD Mn), By Application, 2024-2032
42. Latin America Automotive Steering Systems (USD Mn), By Country, 2024-2032
43. Latin America Automotive Steering Systems revenue, by type, 2024-2032 (USD Million)
44. Latin America Automotive Steering Systems revenue, by Application, 2024-2032 (USD Million)
45. Rest of Latin America Automotive Steering Systems revenue, by type, 2024-2032 (USD Million)
46. Rest of Latin America Automotive Steering Systems revenue, by Application, 2024-2032 (USD Million)
47. Middle East & Africa Automotive Steering Systems (USD Mn), By Country, 2024-2032
48. Middle East & Africa Automotive Steering Systems revenue, by type, 2024-2032 (USD Million)
49. Middle East & Africa Automotive Steering Systems revenue, by Application, 2024-2032 (USD Million)
50. GCC Countries Automotive Steering Systems (USD Mn), By Type, 2024-2032
51. GCC Countries Automotive Steering Systems (USD Mn), By Application, 2024-2032
52. South Africa Automotive Steering Systems (USD Mn), By Type, 2024-2032
53. South Africa Automotive Steering Systems (USD Mn), By Application, 2024-2032
54. Rest of Middle East & Africa Automotive Steering Systems (USD Mn), By Type, 2024-2032
55. Rest of Middle East & Africa Automotive Steering Systems (USD Mn), By Application, 2024-2032

Methodology

FrequentlyAsked Questions

Automotive steering systems control the direction of a vehicle. They allow drivers to steer safely and precisely.

The global automotive steering systems market is expected to be driven by the vehicle production, adoption of electric power steering, and demand for advanced driver assistance systems.

According to study, the global automotive steering systems market size was worth around USD 28.97 Billion in 2023 and is predicted to grow to around USD 45.57 Billion By 2032.

The global automotive steering systems market is expected to grow at a Compound Annual Growth Rate (CAGR) of around CAGR 5.16% during the forecast period from 2024-2032.

The global automotive steering systems industry is projected to be challenged by Key challenges include meeting safety and reliability standards, cost pressure from OEMs, and integration with ADAS systems. Electrification and software complexity add development burden.

The Opportunities include electric power steering adoption, ADAS integration, and lightweight system designs. EV growth and safety regulations drive OEM demand will offer significant growth opportunities in the automotive steering systems market.

Electric power steering advancements; steer-by-wire technologies; integration with autonomous driving systems are the emerging trends and innovations impacting the automotive steering systems market.

The global automotive steering systems market is expected to be led by APAC during the forecast period.

Some of the prominent players operating in the global automotive steering systems market are; Bosch Limited, Nexteer Automotive, Robert Bosch Automotive Steering GmbH, SHOWA Corporation, Sona Koyo Steering Systems Ltd., ThyssenKrupp Business Area Components Technology, China Automotive Systems, Inc., Hyundai Mobis, JTEKT Corporation, ZF Friedrichshafen AG, Yubei Steering Systems Co., Ltd., Zhejiang Wanda Steering Gear Co., Ltd., and Mitsubishi Electric Corporation, among others. and others.

The report explores crucial aspects of the automotive steering systems market, including a detailed discussion of existing growth factors and restraints, while also browsing future growth opportunities and challenges that impact the market.

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List of Contents

What is the projected value for the Market during 2024 to 2032?Key InsightsMarket OverviewMarket Growth AnalysisReport ScopeMarket SegmentationMarket Regional AnalysisIndustry PlayersAutomotive Steering System Market Segments

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