Automotive Steering System Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0081229
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 6.37 |
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The Automotive Steering System Market size is projected to grow at a CAGR of 5.2% between 2022 and 2032. The market size is expected to increase by USD 12,350 million during this period. The growth of the market is influenced by several factors, including the rising demand for electric vehicles, advancements in autonomous driving technology, and increasing focus on vehicle safety and stability. An automotive steering system refers to the collection of components that enable a vehicle to change directions and maintain proper alignment. It includes various technologies such as power-assisted steering, electric power steering, and steer-by-wire systems, enhancing the overall driving experience and safety features of vehicles.
Automotive Steering System Market Overview:
Drivers:
One of the key drivers fueling the automotive steering system market growth is the increasing demand for electric vehicles (EVs). With the global shift towards sustainable transportation, there's a surge in EV adoption. Automotive steering systems play a vital role in ensuring precise and efficient control over electric vehicles, enhancing their market demand significantly. Additionally, the growing focus on enhancing vehicle safety and stability features, including advanced steering systems, further contributes to market growth.
Moreover, the advancements in autonomous driving technology have led to the development of steering systems tailored for autonomous vehicles. These systems ensure precise control and navigation, boosting their integration into self-driving cars. As a result, the automotive steering system market is witnessing a steady rise due to the demand from both traditional and autonomous vehicle segments.
Trends:
An emerging trend shaping the automotive steering system market is the integration of steer-by-wire technology. Steer-by-wire systems replace traditional mechanical links between the steering wheel and the wheels with electronic control units. This technology offers greater flexibility in vehicle design, enhances fuel efficiency, and provides improved response and feedback to drivers. The integration of steer-by-wire systems aligns with the industry's pursuit of innovative solutions, driving the market forward.
Additionally, the focus on developing advanced driver-assistance systems (ADAS) has led to the incorporation of intelligent steering systems in vehicles. These systems use sensors and AI algorithms to adapt steering control based on driving conditions, further enhancing vehicle safety and driving experience. The integration of AI-powered steering systems reflects the industry's commitment to technological innovation and safety standards.
Restraints:
One of the challenges faced by the automotive steering system market is the high manufacturing cost associated with advanced steering technologies. Innovations such as steer-by-wire systems and AI-powered steering solutions involve complex components and intricate manufacturing processes, leading to higher production expenses. Additionally, the need for rigorous testing and validation further adds to the overall cost, impacting market affordability and accessibility.
Furthermore, the implementation of advanced steering technologies requires significant changes in vehicle architecture and infrastructure. Existing vehicles might need substantial modifications to accommodate these advanced systems, posing a challenge for retrofitting and aftermarket adoption. Overcoming these challenges is crucial for the widespread adoption of advanced automotive steering systems.
Automotive Steering System Market Segmentation By Type:
The electric power steering (EPS) segment is expected to witness substantial growth during the forecast period. EPS systems use electric motors to assist steering efforts, providing a smoother and more efficient driving experience. These systems are widely adopted due to their energy efficiency and reduced reliance on the vehicle's engine, enhancing fuel economy. The rise in demand for fuel-efficient and eco-friendly vehicles drives the adoption of EPS systems, contributing significantly to the market's growth.
Another key segment is steer-by-wire systems, which are gaining traction in the automotive industry. Steer-by-wire technology eliminates mechanical connections between the steering wheel and wheels, enabling precise control and enhanced safety features. These systems are at the forefront of autonomous driving technology, making them essential for the future of self-driving vehicles. The integration of steer-by-wire systems is anticipated to transform the automotive steering system landscape, catering to the evolving demands of the market.
Automotive Steering System Market Segmentation By Vehicle Type:
The passenger vehicles segment is expected to dominate the automotive steering system market during the forecast period. The increasing production and sales of passenger cars, coupled with consumer preferences for advanced safety and convenience features, drive the demand for innovative steering systems. Additionally, the growing adoption of electric and hybrid passenger vehicles further accelerates the market growth. Automotive manufacturers are focusing on enhancing the steering capabilities of passenger vehicles, ensuring optimal performance, and addressing driver comfort, thus propelling market expansion.
Commercial vehicles represent another significant segment in the automotive steering system market. Commercial vehicles, including trucks, buses, and delivery vans, require robust and reliable steering systems to ensure safe transportation of goods and passengers. Advanced steering technologies improve the maneuverability and stability of commercial vehicles, meeting the stringent safety standards imposed by regulatory authorities. The demand for efficient steering solutions in the commercial vehicle sector continues to rise, bolstering market growth.
Regional Overview:
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North America:
In North America, the automotive steering system market is primarily driven by technological advancements and the presence of key market players. The region's robust automotive industry, coupled with stringent safety regulations, fosters the integration of advanced steering technologies in vehicles. Additionally, the increasing consumer preference for high-performance and connected vehicles fuels the demand for innovative steering systems. North America is witnessing a paradigm shift towards electric vehicles, leading to the adoption of electric power steering systems. The region's focus on sustainable transportation and vehicle safety acts as a catalyst for the growth of the automotive steering system market.
Europe:
Europe is a prominent market for automotive steering systems, characterized by the region's strong automotive manufacturing sector and stringent safety standards. European countries prioritize vehicle safety and environmental concerns, driving the adoption of advanced steering technologies. The growing trend of electric and hybrid vehicles in Europe leads to the implementation of electric power steering systems, enhancing energy efficiency and reducing emissions. The region's emphasis on eco-friendly transportation solutions supports the integration of innovative steering systems, making Europe a key market for automotive steering technologies.
Asia-Pacific:
Asia-Pacific (APAC) emerges as a significant market for automotive steering systems, driven by the region's booming automotive industry and increasing consumer demand for advanced vehicles. APAC countries, particularly China and India, are witnessing rapid urbanization and industrialization, leading to a surge in the sales of passenger and commercial vehicles. The growing middle-class population and rising disposable incomes contribute to the demand for high-end vehicles equipped with advanced steering systems. Additionally, the adoption of electric vehicles in APAC nations fuels the market for electric power steering solutions. The region's dynamic automotive landscape, coupled with technological innovations, propels the growth of the automotive steering system market in Asia-Pacific.
South America, Middle East & Africa:
South America, the Middle East, and Africa are experiencing steady growth in the automotive steering system market. South American countries like Brazil and Argentina are witnessing an increase in automotive production and sales, contributing to market expansion. The Middle East and Africa, driven by economic development and infrastructure investments, are witnessing a rise in demand for commercial vehicles, stimulating the adoption of advanced steering technologies. While the market in these regions is comparatively smaller than North America, Europe, and Asia-Pacific, it exhibits a promising trajectory, supported by the growing automotive industry and evolving consumer preferences.
Automotive Steering System Market Customer Landscape:
The automotive steering system market report provides valuable insights into the customer landscape, analyzing the adoption lifecycle of steering systems from early innovators to mainstream consumers. The report delves into regional variations in steering system adoption rates, offering businesses a comprehensive understanding of market penetration and customer preferences. Additionally, the report outlines key purchase criteria and drivers of price sensitivity, enabling companies to tailor their growth strategies based on consumer needs and market dynamics.
Major Automotive Steering System Market Companies:
Leading companies in the automotive steering system market are implementing strategic initiatives to strengthen their market presence. These initiatives include strategic alliances, partnerships, mergers and acquisitions, geographical expansions, and new product/service launches.
- Robert Bosch GmbH
- ZF Friedrichshafen AG
- JTEKT Corporation
- Nexteer Automotive
- NSK Ltd.
- Thyssenkrupp AG
- Mitsubishi Electric Corporation
- Showa Corporation
- Mando Corporation
- Hyundai Mobis Co., Ltd.
- TRW Automotive Holdings Corp.
- China Automotive Systems, Inc.
- GKN Automotive Limited
- Zhejiang Shibao Company Limited
- China Automotive Systems, Inc.
- Hitachi Automotive Systems, Ltd.
- Sona Koyo Steering Systems Ltd.
- NSK Ltd.
- Mando Corporation
- Nexteer Automotive
Qualitative and quantitative analyses of these companies have been conducted to offer clients insights into the broader business environment. The strengths and weaknesses of key market players have been assessed, categorizing companies based on their business focus, industry specialization, and market dominance. This analysis aids businesses in making informed decisions and formulating effective growth strategies in the competitive automotive steering system market.
Segment Overview:
The automotive steering system market report provides detailed forecasts of market growth in terms of revenue at the global, regional, and country levels. The report analyzes the latest trends and growth opportunities from 2019 to 2032, offering valuable insights into the evolving market landscape.
- Application Outlook (USD Million, 2019 - 2032)
- Passenger Vehicles
- Commercial Vehicles
- Type Outlook (USD Million, 2019 - 2032)
- Electric Power Steering (EPS) Systems
- Steer-by-Wire Systems
- Hydraulic Power Steering (HPS) Systems
- Electro-Hydraulic Power Steering (EHPS) Systems
- Other Steering Systems
- Geography Outlook (USD Million, 2019 - 2032)
- North America
- The U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
1 Automotive Steering System Market Overview
1.1 Automotive Steering System Product Overview
1.2 Automotive Steering System Market Segment by Type
1.2.1 Electronic Steering
1.2.2 Hydraulic Steering
1.3 Global Automotive Steering System Market Size by Type
1.3.1 Global Automotive Steering System Sales and Growth by Type
1.3.2 Global Automotive Steering System Sales and Market Share by Type (2014-2019)
1.3.3 Global Automotive Steering System Revenue and Market Share by Type (2014-2019)
1.3.4 Global Automotive Steering System Price by Type (2014-2019)
2 Global Automotive Steering System Market Competition by Company
2.1 Global Automotive Steering System Sales and Market Share by Company (2014-2019)
2.2 Global Automotive Steering System Revenue and Share by Company (2014-2019)
2.3 Global Automotive Steering System Price by Company (2014-2019)
2.4 Global Top Players Automotive Steering System Manufacturing Base Distribution, Sales Area, Product Types
2.5 Automotive Steering System Market Competitive Situation and Trends
2.5.1 Automotive Steering System Market Concentration Rate
2.5.2 Global Automotive Steering System Market Share of Top 5 and Top 10 Players
2.5.3 Mergers & Acquisitions, Expansion
3 Automotive Steering System Company Profiles and Sales Data
3.1 JTEKT Corporation
3.1.1 Company Basic Information, Manufacturing Base and Competitors
3.1.2 Automotive Steering System Product Category, Application and Specification
3.1.3 JTEKT Corporation Automotive Steering System Sales, Revenue, Price and Gross Margin(2014-2019)
3.1.4 Main Business Overview
3.2 Nexteer Automotive Group
3.2.1 Company Basic Information, Manufacturing Base and Competitors
3.2.2 Automotive Steering System Product Category, Application and Specification
3.2.3 Nexteer Automotive Group Automotive Steering System Sales, Revenue, Price and Gross Margin(2014-2019)
3.2.4 Main Business Overview
3.3 Showa
3.3.1 Company Basic Information, Manufacturing Base and Competitors
3.3.2 Automotive Steering System Product Category, Application and Specification
3.3.3 Showa Automotive Steering System Sales, Revenue, Price and Gross Margin(2014-2019)
3.3.4 Main Business Overview
3.4 ThyssenKrupp
3.4.1 Company Basic Information, Manufacturing Base and Competitors
3.4.2 Automotive Steering System Product Category, Application and Specification
3.4.3 ThyssenKrupp Automotive Steering System Sales, Revenue, Price and Gross Margin(2014-2019)
3.4.4 Main Business Overview
3.5 Hitachi Automotive System
3.5.1 Company Basic Information, Manufacturing Base and Competitors
3.5.2 Automotive Steering System Product Category, Application and Specification
3.5.3 Hitachi Automotive System Automotive Steering System Sales, Revenue, Price and Gross Margin(2014-2019)
3.5.4 Main Business Overview
3.6 Sona Koyo Steering System
3.6.1 Company Basic Information, Manufacturing Base and Competitors
3.6.2 Automotive Steering System Product Category, Application and Specification
3.6.3 Sona Koyo Steering System Automotive Steering System Sales, Revenue, Price and Gross Margin(2014-2019)
3.6.4 Main Business Overview
3.7 Robert Bosch
3.7.1 Company Basic Information, Manufacturing Base and Competitors
3.7.2 Automotive Steering System Product Category, Application and Specification
3.7.3 Robert Bosch Automotive Steering System Sales, Revenue, Price and Gross Margin(2014-2019)
3.7.4 Main Business Overview
3.8 NSK Steering System
3.8.1 Company Basic Information, Manufacturing Base and Competitors
3.8.2 Automotive Steering System Product Category, Application and Specification
3.8.3 NSK Steering System Automotive Steering System Sales, Revenue, Price and Gross Margin(2014-2019)
3.8.4 Main Business Overview
3.9 Mando
3.9.1 Company Basic Information, Manufacturing Base and Competitors
3.9.2 Automotive Steering System Product Category, Application and Specification
3.9.3 Mando Automotive Steering System Sales, Revenue, Price and Gross Margin(2014-2019)
3.9.4 Main Business Overview
3.10 ZF Friedrichshafen
3.10.1 Company Basic Information, Manufacturing Base and Competitors
3.10.2 Automotive Steering System Product Category, Application and Specification
3.10.3 ZF Friedrichshafen Automotive Steering System Sales, Revenue, Price and Gross Margin(2014-2019)
3.10.4 Main Business Overview
3.11 Magal Engineering Limited
3.12 ATS Automation Tooling System
3.13 Hyundai Mobis
4 Automotive Steering System Market Status and Outlook by Regions
4.1 Global Market Status and Outlook by Regions
4.1.1 Global Automotive Steering System Market Size and CAGR by Regions
4.1.2 North America
4.1.3 Asia-Pacific
4.1.4 Europe
4.1.5 South America
4.1.6 Middle East and Africa
4.2 Global Automotive Steering System Sales and Revenue by Regions
4.2.1 Global Automotive Steering System Sales and Market Share by Regions (2014-2019)
4.2.2 Global Automotive Steering System Revenue and Market Share by Regions (2014-2019)
4.2.3 Global Automotive Steering System Sales, Revenue, Price and Gross Margin (2014-2019)
4.3 North America Automotive Steering System Sales, Revenue, Price and Gross Margin
4.3.1 United States
4.3.2 Canada
4.3.3 Mexico
4.4 Europe Automotive Steering System Sales, Revenue, Price and Gross Margin
4.4.1 Germany
4.4.2 UK
4.4.3 France
4.4.4 Italy
4.4.5 Russia
4.4.6 Turkey
4.5 Asia-Pacific Automotive Steering System Sales, Revenue, Price and Gross Margin
4.5.1 China
4.5.2 Japan
4.5.3 Korea
4.5.4 Southeast Asia
4.5.4.1 Indonesia
4.5.4.2 Thailand
4.5.4.3 Malaysia
4.5.4.4 Philippines
4.5.4.5 Vietnam
4.5.5 India
4.5.6 Australia
4.6 South America Automotive Steering System Sales, Revenue, Price and Gross Margin
4.6.1 Brazil
4.7 Middle East and Africa Automotive Steering System Sales, Revenue, Price and Gross Margin
4.7.1 Egypt
4.7.2 GCC Countries
5 Automotive Steering System Application/End Users
5.1 Automotive Steering System Segment by Application
5.1.1 Passenger Car
5.1.2 Light Commercial Vehicle (LCV)
5.1.3 Heavy Commercial Vehicle (HCV)
5.2 Global Automotive Steering System Product Segment by Application
5.2.1 Global Automotive Steering System Sales by Application
5.2.2 Global Automotive Steering System Sales and Market Share by Application (2014-2019)
6 Global Automotive Steering System Market Forecast
6.1 Global Automotive Steering System Sales, Revenue Forecast (2019-2025)
6.1.1 Global Automotive Steering System Sales and Growth Rate Forecast (2019-2025)
6.1.1 Global Automotive Steering System Revenue and Growth Rate Forecast (2019-2025)
6.2 Global Automotive Steering System Forecast by Regions
6.2.1 North America Automotive Steering System Sales and Revenue Forecast (2019-2025)
6.2.2 Europe Automotive Steering System Sales and Revenue Forecast (2019-2025)
6.2.3 Asia-Pacific Automotive Steering System Sales and Revenue Forecast (2019-2025)
6.2.3.1 China
6.2.3.2 Japan
6.2.3.3 Korea
6.2.3.4 Southeast Asia
6.2.3.5 India
6.2.3.6 Australia
6.2.4 South America Automotive Steering System Sales and Revenue Forecast (2019-2025)
6.2.5 Middle East and Africa Automotive Steering System Sales and Revenue Forecast (2019-2025)
6.2.5.1 Egypt
6.2.5.2 GCC Countries
6.3 Automotive Steering System Forecast by Type
6.3.1 Global Automotive Steering System Sales and Revenue Forecast by Type (2019-2025)
6.3.2 Electronic Steering Gowth Forecast
6.3.3 Hydraulic Steering Gowth Forecast
6.4 Automotive Steering System Forecast by Application
6.4.1 Global Automotive Steering System Sales Forecast by Application (2019-2025)
6.4.2 Global Automotive Steering System Forecast in Passenger Car
6.4.3 Global Automotive Steering System Forecast in Light Commercial Vehicle (LCV)
7 Automotive Steering System Upstream Raw Materials
7.1 Automotive Steering System Key Raw Materials
7.1.1 Key Raw Materials
7.1.2 Key Raw Materials Price
7.1.3 Raw Materials Key Suppliers
7.2 Manufacturing Cost Structure
7.2.1 Raw Materials
7.2.2 Labor Cost
7.2.3 Manufacturing Expenses
7.3 Automotive Steering System Industrial Chain Analysis
8 Marketing Strategy Analysis, Distributors
8.1 Marketing Channel
8.1.1 Direct Marketing
8.1.2 Indirect Marketing
8.1.3 Marketing Channel Development Trend
8.2 Distributors
8.3 Downstream Customers
9 Research Findings and Conclusion
Appendix
Methodology/Research Approach
Research Programs/Design
Market Size Estimation
Market Breakdown and Data Triangulation
Data Source
Secondary Sources
Primary Sources
Disclaimer
List of Tables and Figures
Figure Automotive Steering System Product Picture
Figure Global Automotive Steering System Revenue (Million USD) Status and Outlook (2014-2025)
Figure Global Automotive Steering System Sales (K Units) Status and Outlook (2014-2025)
Figure Product Picture of Electronic Steering
Table Major Players of Electronic Steering
Figure Global Electronic Steering Sales (K Units) and Growth Rate (%)(2014-2018)
Figure Product Picture of Hydraulic Steering
Table Major Players of Hydraulic Steering
Figure Global Hydraulic Steering Sales (K Units) and Growth Rate (%)(2014-2019)
Table Global Automotive Steering System Sales (K Units) and Growth Rate (%) Comparison by Type
Table Global Automotive Steering System Sales (K Units) by Type (2014-2019)
Table Global Automotive Steering System Sales Share (%) by Type (2014-2019)
Figure Global Automotive Steering System Sales Market Share (%) by Type (2014-2019)
Figure Global Automotive Steering System Sales Market Share (%) by Type in 2018
Table Global Automotive Steering System Revenue (Million USD) by Type (2014-2019)
Table Global Automotive Steering System Revenue Share (%) by Type (2014-2019)
Figure Global Automotive Steering System Revenue Share (%) by Type (2014-2019)
Figure 2018 Global Automotive Steering System Revenue Market Share (%) by Type
Table Global Automotive Steering System Price (USD/Unit) by Type (2014-2019)
Table Global Automotive Steering System Sales (K Units) by Company (2014-2019)
Table Global Automotive Steering System Sales Share (%) by Company (2014-2019)
Figure Global Automotive Steering System Sales Share (%) by Company in 2018
Table Global Automotive Steering System Revenue (Million USD) by Company (2014-2019)
Table Global Automotive Steering System Revenue Share (%) by Company (2014-2019)
Figure Global Automotive Steering System Revenue Share (%) by Company in 2018
Table Global Market Automotive Steering System Average Price (USD/Unit) by Company (2014-2019)
Table Global Automotive Steering System Top Players Manufacturing Base Distribution and Sales Area
Table Global Automotive Steering System Top Players Product Category
Figure Global Automotive Steering System Market Share (%) of Top 5 Players
Figure Global Automotive Steering System Market Share (%) of Top 10 Players
Table JTEKT Corporation Basic Information List
Table JTEKT Corporation Automotive Steering System Product Category, Application and Specification
Table JTEKT Corporation Automotive Steering System Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (%)(2014-2019)
Figure JTEKT Corporation Automotive Steering System Sales Growth Rate (2014-2019)
Figure JTEKT Corporation Automotive Steering System Sales Global Market Share (%)(2014-2019)
Table Nexteer Automotive Group Basic Information List
Figure Nexteer Automotive Group Automotive Steering System Product Category, Application and Specification
Table Nexteer Automotive Group Automotive Steering System Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (%)(2014-2019)
Figure Nexteer Automotive Group Automotive Steering System Sales Growth Rate (2014-2019)
Figure Nexteer Automotive Group Automotive Steering System Sales Global Market Share (%)(2014-2019)
Table Showa Basic Information List
Figure Showa Automotive Steering System Product Category, Application and Specification
Table Showa Automotive Steering System Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (%)(2014-2019)
Figure Showa Automotive Steering System Sales Growth Rate (2014-2019)
Figure Showa Automotive Steering System Sales Global Market Share (%)(2014-2019)
Table ThyssenKrupp Basic Information List
Figure ThyssenKrupp Automotive Steering System Product Category, Application and Specification
Table ThyssenKrupp Automotive Steering System Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (%)(2014-2019)
Figure ThyssenKrupp Automotive Steering System Sales Growth Rate (2014-2019)
Figure ThyssenKrupp Automotive Steering System Sales Global Market Share (%)(2014-2019)
Table Hitachi Automotive System Basic Information List
Figure Hitachi Automotive System Automotive Steering System Product Category, Application and Specification
Table Hitachi Automotive System Automotive Steering System Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (%)(2014-2019)
Figure Hitachi Automotive System Automotive Steering System Sales Growth Rate (2014-2019)
Figure Hitachi Automotive System Automotive Steering System Sales Global Market Share (%)(2014-2019)
Table Sona Koyo Steering System Basic Information List
Figure Sona Koyo Steering System Automotive Steering System Product Category, Application and Specification
Table Sona Koyo Steering System Automotive Steering System Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (%)(2014-2019)
Figure Sona Koyo Steering System Automotive Steering System Sales Growth Rate (2014-2019)
Figure Sona Koyo Steering System Automotive Steering System Sales Global Market Share (%)(2014-2019)
Table Robert Bosch Basic Information List
Figure Robert Bosch Automotive Steering System Product Category, Application and Specification
Table Robert Bosch Automotive Steering System Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (%)(2014-2019)
Figure Robert Bosch Automotive Steering System Sales Growth Rate (2014-2019)
Figure Robert Bosch Automotive Steering System Sales Global Market Share (%)(2014-2019)
Table NSK Steering System Basic Information List
Figure NSK Steering System Automotive Steering System Product Category, Application and Specification
Table NSK Steering System Automotive Steering System Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (%)(2014-2019)
Figure NSK Steering System Automotive Steering System Sales Growth Rate (2014-2019)
Figure NSK Steering System Automotive Steering System Sales Global Market Share (%)(2014-2019)
Table Mando Basic Information List
Figure Mando Automotive Steering System Product Category, Application and Specification
Table Mando Automotive Steering System Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (%)(2014-2019)
Figure Mando Automotive Steering System Sales Growth Rate (2014-2019)
Figure Mando Automotive Steering System Sales Global Market Share (%)(2014-2019)
Table ZF Friedrichshafen Basic Information List
Figure ZF Friedrichshafen Automotive Steering System Product Category, Application and Specification
Table ZF Friedrichshafen Automotive Steering System Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (%)(2014-2019)
Figure ZF Friedrichshafen Automotive Steering System Sales Growth Rate (2014-2019)
Figure ZF Friedrichshafen Automotive Steering System Sales Global Market Share (%)(2014-2019)
Table Magal Engineering Limited Basic Information List
Table ATS Automation Tooling System Basic Information List
Table Hyundai Mobis Basic Information List
Table Global Automotive Steering System Market Size Comparison by Regions (2014-2025)
Figure North America Automotive Steering System Revenue (Million USD) and Growth Rate (%)(2014-2025)
Figure Asia-Pacific Automotive Steering System Revenue (Million USD) and Growth Rate (%)(2014-2025)
Figure Europe Automotive Steering System Revenue (Million USD) and Growth Rate (%)(2014-2025)
Figure South America Automotive Steering System Revenue (Million USD) and Growth Rate (%)(2014-2025)
Figure Middle East and Africa Automotive Steering System Revenue (Million USD) and Growth Rate (%)(2014-2025)
Table Global Automotive Steering System Sales (K Units) by Regions (2014-2019)
Table Global Automotive Steering System Sales Market Share (%) by Regions (2014-2019)
Figure Global Automotive Steering System Sales Market Share (%) by Regions (2014-2019)
Figure 2018 Global Automotive Steering System Sales Market Share (%) by Regions
Table Global Automotive Steering System Revenue (Million USD) by Regions (2014-2019)
Table Global Automotive Steering System Revenue Market Share (%) by Regions (2014-2019)
Figure Global Automotive Steering System Revenue Market Share (%) by Regions (2014-2019)
Figure 2018 Global Automotive Steering System Revenue Market Share (%) by Regions
Table Global Automotive Steering System Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (%)(2014-2019)
Figure North America Automotive Steering System Sales Growth Rate
Table North America Automotive Steering System Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (%)(2014-2019)
Figure United States Automotive Steering System Sales (K Units)(2014-2019)
Figure United States Automotive Steering System Revenue (Million USD)(2014-2019)
Figure Canada Automotive Steering System Sales (K Units)(2014-2019)
Figure Canada Automotive Steering System Revenue (Million USD)(2014-2019)
Figure Mexico Automotive Steering System Sales (K Units)(2014-2019)
Figure Mexico Automotive Steering System Revenue (Million USD)(2014-2019)
Figure Europe Automotive Steering System Sales Growth Rate
Table Europe Automotive Steering System Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (%)(2014-2019)
Figure Germany Automotive Steering System Sales (K Units)(2014-2019)
Figure Germany Automotive Steering System Revenue (Million USD) (2014-2019)
Figure UK Automotive Steering System Sales (K Units)(2014-2019)
Figure UK Automotive Steering System Revenue (Million USD)(2014-2019)
Figure France Automotive Steering System Sales (K Units)(2014-2019)
Figure France Automotive Steering System Revenue (Million USD)(2014-2019)
Figure Italy Automotive Steering System Sales (K Units)(2014-2019)
Figure Italy Automotive Steering System Revenue (Million USD)(2014-2019)
Figure Russia Automotive Steering System Sales (K Units)(2014-2019)
Figure Russia Automotive Steering System Revenue (Million USD)(2014-2019)
Figure Turkey Automotive Steering System Sales (K Units)(2014-2019)
Figure Turkey Automotive Steering System Revenue (Million USD)(2014-2019)
Figure Asia-Pacific Automotive Steering System Sales Growth Rate
Table Asia-Pacific Automotive Steering System Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (%)(2014-2019)
Figure China Automotive Steering System Sales (K Units)(2014-2019)
Figure China Automotive Steering System Revenue (Million USD)(2014-2019)
Figure Japan Automotive Steering System Sales (K Units)(2014-2019)
Figure Japan Automotive Steering System Revenue (Million USD)(2014-2019)
Figure Korea Automotive Steering System Sales (K Units)(2014-2019)
Figure Korea Automotive Steering System Revenue (Million USD)(2014-2019)
Figure Southeast Asia Automotive Steering System Sales (K Units)(2014-2019)
Figure Southeast Asia Automotive Steering System Revenue (Million USD)(2014-2019)
Figure Indonesia Automotive Steering System Sales (K Units)(2014-2019)
Figure Indonesia Automotive Steering System Revenue (Million USD)(2014-2019)
Figure Thailand Automotive Steering System Sales (K Units)(2014-2019)
Figure Thailand Automotive Steering System Revenue (Million USD)(2014-2019)
Figure Malaysia Automotive Steering System Sales (K Units)(2014-2019)
Figure Malaysia Automotive Steering System Revenue (Million USD)(2014-2019)
Figure Philippines Automotive Steering System Sales (K Units)(2014-2019)
Figure Philippines Automotive Steering System Revenue (Million USD)(2014-2019)
Figure Vietnam Automotive Steering System Sales (K Units)(2014-2019)
Figure Vietnam Automotive Steering System Revenue (Million USD)(2014-2019)
Figure India Automotive Steering System Sales (K Units)(2014-2019)
Figure India Automotive Steering System Revenue (Million USD)(2014-2019)
Figure Australia Automotive Steering System Sales (K Units)(2014-2019)
Figure Australia Automotive Steering System Revenue (Million USD)(2014-2019)
Figure South America Automotive Steering System Sales Growth Rate
Table South America Automotive Steering System Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (%)(2014-2019)
Figure Brazil Automotive Steering System Sales (K Units)(2014-2019)
Figure Brazil Automotive Steering System Revenue (Million USD)(2014-2019)
Figure Middle East and Africa Automotive Steering System Sales Growth Rate
Table Middle East and Africa Automotive Steering System Sales (K Units), Revenue (Million USD), Price (USD/Unit) and Gross Margin (%)(2014-2019)
Figure North Africa Automotive Steering System Sales (K Units)(2014-2019)
Figure North Africa Automotive Steering System Revenue (Million USD)(2014-2019)
Figure GCC Countries Automotive Steering System Sales (K Units)(2014-2019)
Figure GCC Countries Automotive Steering System Revenue (Million USD)(2014-2019)
Figure Passenger Car Examples
Figure Light Commercial Vehicle (LCV) Examples
Figure Heavy Commercial Vehicle (HCV) Examples
Table Global Automotive Steering System Sales (K Units) Comparison by Application (2014-2025)
Table Global Automotive Steering System Sales (K Units) by Application (2014-2019)
Table Global Automotive Steering System Sales Share (%) by Application (2014-2019)
Figure Global Automotive Steering System Sales Market Share (%) by Application (2014-2019)
Figure Global Automotive Steering System Sales Market Share (%) by Application in 2018
Figure Global Automotive Steering System Sales (K Units) and Growth Rate (%) Forecast (2019-2025)
Figure Global Automotive Steering System Revenue (Million USD) and Growth Rate (%) Forecast (2019-2025)
Table Global Automotive Steering System Sales (K Units) Forecast by Regions (2019-2025)
Figure Global Automotive Steering System Sales Market Share (%) Forecast by Regions (2019-2025)
Figure North America Automotive Steering System Sales (K Units) and Growth Rate (%) Forecast (2019-2025)
Figure North America Automotive Steering System Revenue and Growth Rate (%) Forecast (2019-2025)
Figure Europe Automotive Steering System Sales (K Units) and Growth Rate (%) Forecast (2019-2025)
Figure Europe Automotive Steering System Revenue and Growth Rate (%) Forecast (2019-2025)
Figure Asia-Pacific Automotive Steering System Sales (K Units) and Growth Rate (%) Forecast (2019-2025)
Figure Asia-Pacific Automotive Steering System Revenue and Growth Rate (%) Forecast (2019-2025)
Figure China Automotive Steering System Sales (K Units) and Growth Rate (%) Forecast (2019-2025)
Figure China Automotive Steering System Revenue and Growth Rate (%) Forecast (2019-2025)
Figure Japan Automotive Steering System Sales (K Units) and Growth Rate (%) Forecast (2019-2025)
Figure Japan Automotive Steering System Revenue and Growth Rate (%) Forecast (2019-2025)
Figure Korea Automotive Steering System Sales (K Units) and Growth Rate (%) Forecast (2019-2025)
Figure Korea Automotive Steering System Revenue and Growth Rate (%) Forecast (2019-2025)
Figure Southeast Asia Automotive Steering System Sales (K Units) and Growth Rate (%) Forecast (2019-2025)
Figure Southeast Asia Automotive Steering System Revenue and Growth Rate (%) Forecast (2019-2025)
Figure India Automotive Steering System Sales (K Units) and Growth Rate (%) Forecast (2019-2025)
Figure India Automotive Steering System Revenue and Growth Rate (%) Forecast (2019-2025)
Figure Australia Automotive Steering System Sales (K Units) and Growth Rate (%) Forecast (2019-2025)
Figure Australia Automotive Steering System Revenue and Growth Rate (%) Forecast (2019-2025)
Figure South America Automotive Steering System Sales (K Units) and Growth Rate (%) Forecast (2019-2025)
Figure South America Automotive Steering System Revenue and Growth Rate (%) Forecast (2019-2025)
Figure Middle East and Africa Automotive Steering System Sales (K Units) and Growth Rate (%) Forecast (2019-2025)
Figure Middle East and Africa Automotive Steering System Revenue and Growth Rate (%) Forecast (2019-2025)
Figure North Africa Automotive Steering System Sales (K Units) and Growth Rate (%) Forecast (2019-2025)
Figure North Africa Automotive Steering System Revenue and Growth Rate (%) Forecast (2019-2025)
Figure GCC Countries Automotive Steering System Sales (K Units) and Growth Rate (%) Forecast (2019-2025)
Figure GCC Countries Automotive Steering System Revenue and Growth Rate (%) Forecast (2019-2025)
Table Global Automotive Steering System Sales (Million USD) Forecast by Type (2019-2025)
Figure Global Automotive Steering System Sales Market Share (%) Forecast by Type (2019-2025)
Table Global Automotive Steering System Revenue (Million USD) Forecast by Type (2019-2025)
Figure Global Automotive Steering System Revenue Market Share (%) Forecast by Type (2019-2025)
Figure Electronic Steering Sales Growth Forecast
Figure Hydraulic Steering Sales Growth Forecast
Table Global Automotive Steering System Sales (K Units) Forecast by Application (2019-2025)
Figure Global Automotive Steering System Sales Forecast by Application (2019-2025)
Figure Global Automotive Steering System Sales (K Units) Forecast in Passenger Car
Figure Global Automotive Steering System Sales (K Units) Forecast in Light Commercial Vehicle (LCV)
Table Key Raw Materials Lists
Figure Key Raw Materials Price
Table Raw Materials Key Suppliers Lists
Figure Automotive Steering System Manufacturing Cost Structure
Figure Automotive Steering System Industrial Chain Analysis
Table Distributors List
Table Automotive Steering System Downstream Customers
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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