In 2020, the global automotive steering system market was valued at $xx billion in terms of revenue, and is anticipated to reach $38.67 billion by 2028, growing at a CAGR of 5.42% during the forecasting period. The base year considered for the studied market is 2020, and the forecasted years are from 2021 to 2028. The market study has also analyzed the impact of COVID-19 on the global automotive steering system market qualitatively as well as quantitatively.

GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET FORECAST 2021-2028

Global Automotive Steering System Market by Type (Electric Power Steering System, Hydraulic Power Steering System, Electro-hydraulic Power Steering System, Steer by Wire) Market by Vehicle Type (ICE, Electric Vehicles) by Geography

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Report Summary

In 2020, the global automotive steering system market was valued at $xx billion in terms of revenue, and is anticipated to reach $38.67 billion by 2028, growing at a CAGR of 5.42% during the forecasting period. The base year considered for the studied market is 2020, and the forecasted years are from 2021 to 2028. The market study has also analyzed the impact of COVID-19 on the global automotive steering system market qualitatively as well as quantitatively.

automotive-steering-system-market

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Key market enablers reinforcing the global automotive steering system market growth:

  • Rapid rise in production of automobiles
    • With the surge of COVID-19, the automotive industry witnessed a decline in its production as well as sales within the global market. In 2019, as per industry sources, the production of light vehicles equated to nearly 89 million units, while vehicle production recorded a decrease of about 14 million units in 2020.
    • However, as per Inkwood Research’s analysis, strong production is expected from the year 2021. Mainland China is anticipated to lead the global production growth, followed by Europe, North America, and other parts of Northeast Asia. With an increase in the production of automobiles, the demand for automotive steering systems is set to grow rapidly, as well.
  • Demand for more functions in electronic control unit (ECU)
  • Rigorous fuel efficiency norms

Key growth restraining factors:

  • Emergence of autonomous features in cars
    • Autonomous cars fundamentally rely on various actuators, sensors, complex algorithms, machine learning (ML) systems, along with powerful processors that assist in the execution of specific software.
    • Autonomous cars can create and maintain a large outline of a map of related surroundings based on various sensors present in different parts of the vehicle.
    • With the evolution in autonomous features in cars, in addition to the growing demand for fully autonomous cars, a further hindrance in the growth of steering systems is projected since these cars would be self-driving vehicles mostly working on sensors. Besides, they would also require the manual use of steering systems.
  • Rising cost of automotive

The report on the global automotive steering system market includes segmentation analysis on the basis of type and vehicle type.

Market by Type:

  • Electric Power Steering System
  • Electro-Hydraulic steering system
  • Hydraulic Power Steering System
  • Steer by Wire
    • Over the forecasted period, steer by wire is anticipated to be the fastest-growing type.
    • A steer by wire system aims to further eliminate the physical connection existing between the steering wheel and the wheels of a car by using electrically controlled motors. This aspect would help change the direction of wheels, subsequently providing feedback to the driver.
    • Steer by wire technology has continued to be utilized in certain heavy-duty equipment, front-end loaders, forklifts, and other similar applications. However, it is relatively new to the automotive avenue.
    • In addition to other drive by wire technologies, such as brake by wire and electronic throttle controls, steer by wire is considered a key component in autonomous cars.

Geographically, the global automotive steering system market has been segmented on the basis of four major regions, which includes:

  • North America: The United States and Canada
  • Europe: The United Kingdom, Germany, France, Italy, Russia, Slovakia, Czech Republic, and Rest of Europe
  • Asia-Pacific: China, Japan, India, South Korea, Indonesia, Thailand, Vietnam, and Rest of Asia-Pacific
    • Asia-Pacific is the largest as well as the fastest-growing regional market, expected to grow at a CAGR of 5.77% over the forecasted years.
    • The region observes an increase in vehicle production, predominantly owing to a faster gross domestic product (GDP) growth rate. Besides, countries like India, Taiwan, China, and Thailand are excelling in this market.
    • As the Chinese economy continues to grow, the disposable income of its middle-class consumers is witnessing an accelerated pace, as well. This factor is expected to positively reflect on the growing demand for vehicles. Over the last five years, majorly owing to the country’s reduced production costs, the production of vehicles in China has been rising drastically. Hence, on account of this hike in vehicle production, the electric power steering component sector is also acquiring momentum.
    • India is estimated to exhibit the fastest growth rate globally during the forecasted years. India’s automotive steering system market trends saw a continuous rise in vehicle sales, predominantly owing to a significant rise in the demand for motor vehicles. The trend has been expected to grow further over the upcoming years, as most OEMs are considering investing in this sector.
  • Rest of World: Latin America, the Middle East & Africa

Major players in the global automotive steering system market:

  • Hyundai Mobis Co Ltd
  • JTEKT Corporation
  • Mando Corporation
  • Nexteer Automotive Corporation

Key strategies adopted by some of these companies:

In October 2021, the Nexteer Automotive Corporation expanded its portfolio for electric power steering (EPS) while bringing up its newest system, namely Modular Column-Assist EPS System (mCEPS). In October 2021, Hyundai Mobis Co Ltd announced the development of a foldable steering system technology that would enable the folding and unfolding of the steering wheel. In July 2021, China Automotive Systems Inc announced that it entered into the Off Tool Off Process (OTOP) phase of new steering development for the leading European auto brand, Alfa Romeo.

Key trends of the global automotive steering system market:

  • With the continuous technological innovations along with a rapid rise in awareness about environmental safety, consumers have inclined towards electric vehicles over recent years. Furthermore, several national, as well as local governments are aiming to provide incentives, especially for electric vehicles, and more. These factors have continued to augment the demand for electric vehicles while also creating growth opportunities for the global automotive steering system market.
  • Numerous key players such as Nexteer Automotive Corporation, China Automotive Systems Inc, and Honda Motor Co Ltd are investing in research and the manufacture of different products as well as services within the global automotive steering system market.
  • Electric power steering system (EPS) is currently used in passenger vehicles and light commercial vehicles, with a very limited presence in heavy vehicles. Moreover, with the growing advancements in technology, EPS systems are required to have a better load-bearing capacity and be of use in commercial vehicles, as well.

 

Frequently Asked Questions & Answers (FAQs):

  • What is the worth of the global automotive steering system market?

A: In 2020, the global automotive steering system market size was valued at $29.16 billion.

  • Which is the dominating type in the global automotive steering system market?

A: Electric power steering system is the dominating type in the global automotive steering system market, harboring a share of 58.70% in 2020.

  • Which vehicle type is set to project the fastest growth during the forecast period?

A: Electric vehicles are set to project the fastest growth in the global automotive steering system market, progressing with a CAGR of 23.76% during the forecast period.

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    Table of Contents

    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • RAPID RISE IN PRODUCTION OF AUTOMOBILES
        • DEMAND FOR MORE FUNCTIONS IN ELECTRONIC CONTROL UNIT (ECU)
        • RIGOROUS FUEL EFFICIENCY NORMS
      • KEY RESTRAINTS
        • EMERGENCE OF AUTONOMOUS FEATURES IN CARS
        • RISING COSTS OF AUTOMOTIVE
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON AUTOMOTIVE STEERING SYSTEM MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • KEY BUYING CRITERIA
        • FUEL CONSUMPTION
        • CO2 EMISSION
        • MAINTENANCE
    1. MARKET BY TYPE
      • ELECTRIC POWER STEERING SYSTEM
        • ELECTRIC POWER STEERING SYSTEM BY TYPE
          • COLUMN ASSIST TYPE (C-EPS)
          • PINION ASSIST TYPE (P-EPS)
          • DIRECT DRIVE TYPE (D-EPS)
          • RACK ASSIST TYPE (R-EPS)
        • ELECTRIC POWER STEERING SYSTEM BY COMPONENTS
          • STEERING RACK/COLUMN
          • SENSOR
          • STEERING MOTOR
          • OTHER COMPONENT TYPES
        • HYDRAULIC POWER STEERING SYSTEM
        • ELECTRO-HYDRAULIC POWER STEERING SYSTEM
        • STEER BY WIRE
    1. MARKET BY VEHICLE TYPE
      • ICE
      • ELECTRIC VEHICLES
        • PHEV (PLUG-IN HYBRID ELECTRIC VEHICLE)
        • BEV (BATTERY ELECTRIC VEHICLE)
        • FCEV (FUEL CELL ELECTRIC VEHICLE)
        • HEV (HYBRID ELECTRIC VEHICLE)
    1. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
      • EUROPE
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • ITALY
          • RUSSIA
          • SLOVAKIA
          • CZECH REPUBLIC
          • REST OF EUROPE
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • VIETNAM
          • REST OF ASIA-PACIFIC
      • REST OF WORLD
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • LATIN AMERICA
          • MIDDLE EAST & AFRICA
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • CHINA AUTOMOTIVE SYSTEMS INC
        • DENSO CORPORATION
        • HITACHI ASTEMO LTD
        • HONDA MOTOR CO LTD
        • HYUNDAI MOBIS CO LTD
        • JTEKT CORPORATION
        • MANDO CORPORATION
        • MITSUBISHI ELECTRIC CORPORATION
        • NEXTEER AUTOMOTIVE CORPORATION
        • NSK LTD
        • ROBERT BOSCH GMBH
        • THYSSENKRUPP AG
        • ZF FRIEDRICHSHAFEN AG

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – AUTOMOTIVE STEERING SYSTEM

    TABLE 2: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 3: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 4: GLOBAL ELECTRIC POWER STEERING SYSTEM MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 5: GLOBAL ELECTRIC POWER STEERING SYSTEM MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 6: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE OF ELECTRIC POWER STEERING SYSTEM, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 7: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE OF ELECTRIC POWER STEERING SYSTEM, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 8: GLOBAL COLUMN ASSIST TYPE (C-EPS) MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 9: GLOBAL COLUMN ASSIST TYPE (C-EPS) MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 10: GLOBAL PINION ASSIST TYPE (P-EPS) MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 11: GLOBAL PINION ASSIST TYPE (P-EPS) MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 12: GLOBAL DIRECT DRIVE TYPE (D-EPS) MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 13: GLOBAL DIRECT DRIVE TYPE (D-EPS) MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 14: GLOBAL RACK ASSIST TYPE (R-EPS) MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 15: GLOBAL RACK ASSIST TYPE (R-EPS) MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 16: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY COMPONENTS OF ELECTRIC POWER STEERING SYSTEM, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 17: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY COMPONENTS OF ELECTRIC POWER STEERING SYSTEM, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 18: GLOBAL STEERING RACK/COLUMN MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 19: GLOBAL STEERING RACK/COLUMN MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 20: GLOBAL SENSOR MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 21: GLOBAL SENSOR MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 22: GLOBAL STEERING MOTOR MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 23: GLOBAL STEERING MOTOR MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 24: GLOBAL OTHER COMPONENT TYPES MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 25: GLOBAL OTHER COMPONENT TYPES MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 26: GLOBAL HYDRAULIC POWER STEERING SYSTEM MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 27: GLOBAL HYDRAULIC POWER STEERING SYSTEM MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 28: GLOBAL ELECTRO-HYDRAULIC POWER STEERING SYSTEM MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 29: GLOBAL ELECTRO-HYDRAULIC POWER STEERING SYSTEM MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 30: GLOBAL STEER BY WIRE MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 31: GLOBAL STEER BY WIRE MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 32: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY VEHICLE TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 33: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY VEHICLE TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 34: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC VEHICLES, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 35: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC VEHICLES, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 36: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 37: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY GEOGRAPHY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 38: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 39: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 40: LEADING PLAYERS OPERATING IN NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET

    TABLE 41: UNITED STATES PRODUCTION AND SALES OF AUTOMOTIVE (2016-2020)

    TABLE 42: CANADA PRODUCTION AND SALES OF AUTOMOTIVE (2016-2020)

    TABLE 43: EUROPE AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 44: EUROPE AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 45: LEADING PLAYERS OPERATING IN EUROPE AUTOMOTIVE STEERING SYSTEM MARKET

    TABLE 46: UNITED KINGDOM PRODUCTION AND SALES OF AUTOMOTIVE (2016-2020)

    TABLE 47: GERMANY PRODUCTION AND SALES OF AUTOMOTIVE (2016-2020)

    TABLE 48: FRANCE PRODUCTION AND SALES OF AUTOMOTIVE (2016-2020)

    TABLE 49: ITALY PRODUCTION AND SALES OF AUTOMOTIVE (2016-2020)

    TABLE 50: RUSSIA PRODUCTION AND SALES OF AUTOMOTIVE (2016-2020)

    TABLE 51: SPAIN PRODUCTION AND SALES OF AUTOMOTIVE (2016-2020)

    TABLE 52: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 53: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 54: LEADING PLAYERS OPERATING IN ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET

    TABLE 55: CHINA PRODUCTION AND SALES OF AUTOMOTIVE (2016-2020)

    TABLE 56: JAPAN PRODUCTION AND SALES OF AUTOMOTIVE (2016-2020)

    TABLE 57: INDIA PRODUCTION AND SALES OF AUTOMOTIVE (2016-2020)

    TABLE 58: SOUTH KOREA PRODUCTION AND SALES OF AUTOMOTIVE (2016-2020)

    TABLE 59: INDONESIA PRODUCTION AND SALES OF AUTOMOTIVE (2016-2020)

    TABLE 60: THAILAND PRODUCTION AND SALES OF AUTOMOTIVE (2016-2020)

    TABLE 61: VIETNAM PRODUCTION AND SALES OF AUTOMOTIVE (2016-2020)

    TABLE 62: MALAYSIA PRODUCTION AND SALES OF AUTOMOTIVE (2016-2020)

    TABLE 63: REST OF WORLD AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 64: REST OF WORLD AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 65: LEADING PLAYERS OPERATING IN REST OF WORLD AUTOMOTIVE STEERING SYSTEM MARKET

    TABLE 66: BRAZIL PRODUCTION AND SALES OF AUTOMOTIVE (2016-2020)

    TABLE 67: MEXICO PRODUCTION AND SALES OF AUTOMOTIVE (2016-2020)

    TABLE 68: EGYPT PRODUCTION AND SALES OF AUTOMOTIVE (2016-2020)

    TABLE 69: SOUTH AFRICA PRODUCTION AND SALES OF AUTOMOTIVE (2016-2020)

    TABLE 70: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 71: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 72: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

    LIST OF FIGURES

    FIGURE 1: PRODUCTION OF AUTOMOBILES (2016-2020)

    FIGURE 2: KEY MARKET TRENDS

    FIGURE 3: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 4: OPPORTUNITY MATRIX

    FIGURE 5: VENDOR LANDSCAPE

    FIGURE 6: KEY BUYING CRITERIA

    FIGURE 7: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, GROWTH POTENTIAL, BY TYPE, IN 2020

    FIGURE 8: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC POWER STEERING SYSTEM, 2021-2028 (IN $ MILLION)

    FIGURE 9: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, GROWTH POTENTIAL, BY TYPE OF ELECTRIC POWER STEERING SYSTEM, IN 2020

    FIGURE 10: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY COLUMN ASSIST TYPE (C-EPS), 2021-2028 (IN $ MILLION)

    FIGURE 11: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY PINION ASSIST TYPE (P-EPS), 2021-2028 (IN $ MILLION)

    FIGURE 12: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY DIRECT DRIVE TYPE (D-EPS), 2021-2028 (IN $ MILLION)

    FIGURE 13: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY RACK ASSIST TYPE (R-EPS), 2021-2028 (IN $ MILLION)

    FIGURE 14: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, GROWTH POTENTIAL, BY COMPONENTS OF ELECTRIC POWER STEERING SYSTEM, IN 2020

    FIGURE 15: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY STEERING RACK/COLUMN, 2021-2028 (IN $ MILLION)

    FIGURE 16: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY SENSOR, 2021-2028 (IN $ MILLION)

    FIGURE 17: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY STEERING MOTOR, 2021-2028 (IN $ MILLION)

    FIGURE 18: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY OTHER COMPONENT TYPES, 2021-2028 (IN $ MILLION)

    FIGURE 19: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY HYDRAULIC POWER STEERING SYSTEM, 2021-2028 (IN $ MILLION)

    FIGURE 20: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRO-HYDRAULIC POWER STEERING SYSTEM, 2021-2028 (IN $ MILLION)

    FIGURE 21: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY STEER BY WIRE, 2021-2028 (IN $ MILLION)

    FIGURE 22: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2020

    FIGURE 23: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY ICE, 2021-2028 (IN $ MILLION)

    FIGURE 24: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC VEHICLES, 2021-2028 (IN $ MILLION)

    FIGURE 25: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, GROWTH POTENTIAL, BY ELECTRIC VEHICLES, IN 2020

    FIGURE 26: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY PHEV (PLUG-IN HYBRID ELECTRIC VEHICLE), 2021-2028 (IN $ MILLION)

    FIGURE 27: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY BEV (BATTERY ELECTRIC VEHICLE), 2021-2028 (IN $ MILLION)

    FIGURE 28: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY FCEV (FUEL CELL ELECTRIC VEHICLE), 2021-2028 (IN $ MILLION)

    FIGURE 29: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY HEV (HYBRID ELECTRIC VEHICLE), 2021-2028 (IN $ MILLION)

    FIGURE 30: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, COUNTRY OUTLOOK, 2020 & 2028 (IN %)

    FIGURE 31: UNITED STATES AUTOMOTIVE STEERING SYSTEM MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 32: CANADA AUTOMOTIVE STEERING SYSTEM MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 33: EUROPE AUTOMOTIVE STEERING SYSTEM MARKET, COUNTRY OUTLOOK, 2020 & 2028 (IN %)

    FIGURE 34: UNITED KINGDOM AUTOMOTIVE STEERING SYSTEM MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 35: GERMANY AUTOMOTIVE STEERING SYSTEM MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 36: FRANCE AUTOMOTIVE STEERING SYSTEM MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 37: ITALY AUTOMOTIVE STEERING SYSTEM MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 38: RUSSIA AUTOMOTIVE STEERING SYSTEM MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 39: SLOVAKIA AUTOMOTIVE STEERING SYSTEM MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 40: CZECH REPUBLIC AUTOMOTIVE STEERING SYSTEM MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 41: REST OF EUROPE AUTOMOTIVE STEERING SYSTEM MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 42: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, COUNTRY OUTLOOK, 2020 & 2028 (IN %)

    FIGURE 43: CHINA AUTOMOTIVE STEERING SYSTEM MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 44: JAPAN AUTOMOTIVE STEERING SYSTEM MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 45: INDIA AUTOMOTIVE STEERING SYSTEM MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 46: SOUTH KOREA AUTOMOTIVE STEERING SYSTEM MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 47: INDONESIA AUTOMOTIVE STEERING SYSTEM MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 48: THAILAND AUTOMOTIVE STEERING SYSTEM MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 49: VIETNAM AUTOMOTIVE STEERING SYSTEM MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 50: REST OF ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 51: REST OF WORLD AUTOMOTIVE STEERING SYSTEM MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

    FIGURE 52: LATIN AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 53: MIDDLE EAST & AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, 2021-2028 (IN $ MILLION)

    SEGMENTATION

    1. MARKET BY TYPE
      • ELECTRIC POWER STEERING SYSTEM
        • ELECTRIC POWER STEERING SYSTEM BY TYPE
          • COLUMN ASSIST TYPE (C-EPS)
          • PINION ASSIST TYPE (P-EPS)
          • DIRECT DRIVE TYPE (D-EPS)
          • RACK ASSIST TYPE (R-EPS)
        • ELECTRIC POWER STEERING SYSTEM BY COMPONENTS
          • STEERING RACK/COLUMN
          • SENSOR
          • STEERING MOTOR
          • OTHER COMPONENT TYPES
        • HYDRAULIC POWER STEERING SYSTEM
        • ELECTRO-HYDRAULIC POWER STEERING SYSTEM
        • STEER BY WIRE
    1. MARKET BY VEHICLE TYPE
      • ICE
      • ELECTRIC VEHICLES
        • PHEV (PLUG-IN HYBRID ELECTRIC VEHICLE)
        • BEV (BATTERY ELECTRIC VEHICLE)
        • FCEV (FUEL CELL ELECTRIC VEHICLE)
        • HEV (HYBRID ELECTRIC VEHICLE)
    1. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
      • EUROPE
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • ITALY
          • RUSSIA
          • SLOVAKIA
          • CZECH REPUBLIC
          • REST OF EUROPE
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • VIETNAM
          • REST OF ASIA-PACIFIC
      • REST OF WORLD
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • LATIN AMERICA
          • MIDDLE EAST & AFRICA

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