Search for a report

NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET FORECAST 2021-2028

  • You are here:
  • Home
  • Downloads
  • NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET FORECAST 2021-2028

NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET FORECAST 2021-2028

The North America automotive steering system market is predicted to record a CAGR of 4.34% over the forecast years of 2021 to 2028. The market growth of the region is primarily ascribed to the high per capita ownership of vehicles in the United States, the increase in production of automobiles, and the surging applications of electro-hydraulic power steering systems.

NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET FORECAST 2021-2028

North America 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

Request free sample

The North America automotive steering system market is predicted to record a CAGR of 4.34% over the forecast years of 2021 to 2028. The market growth of the region is primarily ascribed to the high per capita ownership of vehicles in the United States, the increase in production of automobiles, and the surging applications of electro-hydraulic power steering systems.

north-america-automotive-steering-system-market

To learn more about this report, request a free sample copy

The North America automotive steering system market growth assessment includes the evaluation of the United States and Canada. In 2018, the United States exported nearly 131,200 medium and heavy trucks, valued at over $60 billion, and 1.8 million new light vehicles to more than 200 markets globally. Moreover, the additional exports of automotive parts were valued at $88.5 billion. The country is also the premier market for the 21st-century automotive sector, with a significant consumer market, an open investment policy, state and local government incentives, as well as a highly-skilled workforce.

On the other hand, as per a major steering manufacturer in North America, Nexteer Automotive Group Limited, Rack-Assisted Electric Power Steering (R-EPS) acquired over 90% of the region’s full-size truck market. Furthermore, the increasing demand for powerful light commercial vehicles in the United States is anticipated to play a vital role in fueling the R-EPS segment’s growth. As a result, these factors are set to fuel the market growth in the United States during the forecast years.

Nexteer Automotive Corporation, headquartered in the United States, is an international leader in the avenue of advanced driver assistance systems (ADAS), advanced steering and driveline systems, and autonomous driving (AD) enabling technologies. Moreover, in-house development as well as manufacturing, in addition to complete integration of software, hardware, and electronics, give the company a competitive advantage as a full-service supplier.

To request a free sample copy of this report, please complete the form below:

We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.


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

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

    TABLE 4: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE OF ELECTRIC POWER STEERING SYSTEM, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 5: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE OF ELECTRIC POWER STEERING SYSTEM, FORECAST YEARS, 2021-2028 (IN $ MILLION)

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

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

    TABLE 8: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 9: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 10: LEADING PLAYERS OPERATING IN NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET

    TABLE 11: UNITED STATES PRODUCTION AND SALES OF AUTOMOTIVE (2016-2020)

    TABLE 12: CANADA PRODUCTION AND SALES OF AUTOMOTIVE (2016-2020)

    TABLE 13: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 14: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 15: 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: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, GROWTH POTENTIAL, BY TYPE, IN 2020

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    FIGURE 22: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, COUNTRY OUTLOOK, 2020 & 2028 (IN %)

    FIGURE 23: UNITED STATES AUTOMOTIVE STEERING SYSTEM MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 24: CANADA AUTOMOTIVE STEERING SYSTEM MARKET, 2021-2028 (IN $ MILLION)

    1. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    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)

    To request a free sample copy of this report, please complete the form below :

    We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.


      Choose License Type

      Buy Now