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Automotive Steering System Market

Automotive Steering System Market (Technology: Electric Power Steering, Hydraulic Power Steering, and Electrically Assisted Hydraulic Power Steering [EHPS]; Component: Hydraulic Pump, Steering Column/Rack, Electric Motor, Sensor, and Others; Vehicle Type; and Sales Channel) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Automotive Steering System Market Outlook 2031

  • The global automotive steering system market was valued at US$ 28.30 Bn in 2020
  • It is estimated to expand at a CAGR of 4.70% from 2021 to 2031
  • The global automotive steering system market is expected to cross the value of US$ 46.90 Bn by the end of 2031

Analysts’ Viewpoint on Automotive Steering System Market Scenario

Manufacturers operating in the global automotive steering system market are gaining potential growth opportunities in the upcoming years, due to the rising demand for vehicles across the globe. The rising popularity of comfort driving vehicles across the globe is expected to increase the integration of electric power steering systems in vehicles. Key players in the automotive steering system market are focusing on expanding and improving their product portfolio in order to gain revenue benefits. Companies in the automotive steering system market are increasing their efforts to leverage competitive benefits in the global market. Surging investments by governments to introduce advanced technology in steering systems strengthens the global market. The growing sales of electric vehicles across the globe is another major factor contributing to the global market growth.

Impact of COVID-19 on Global Automotive Steering System Market

The rapid spread of coronavirus across the globe and enforced lockdowns in many countries have had a negative impact on the global automotive steering system market. Manufacturers operating in the automotive steering system market are recovering from losses caused due to disturbed supply chains, decline in the production of vehicles, and halted production & manufacturing activities across the globe. After the successful recovery of businesses, manufacturers in the global automotive steering system market are marking their presence on the global level. Major players operating in the automotive steering system market are investing and expanding their services to fulfill the rising demand from consumes.

Technological advancements in automotive steering systems help market players to stay ahead in the business. Increase in investments by market players to develop efficient steering system is driving the expansion of the global market. Ongoing research & development activities in automotive steering system help grow market exponentially.

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Increase in Demand for Fuel-efficient Vehicles Drives Market Growth

The rising demand for automobiles across the globe is a major driving factor for the global automotive steering system market. Market players are focusing on the increasing production of fuel-efficient vehicles for effortless maneuverability. This has propelled the growth of companies operating in the global automotive steering systems market. A steering system is an important element of a vehicle, as it gives direction to the vehicle, and helps to avoid obstacles and take a turn. A steering system is the direct contact of the driver with the vehicle. An automotive steering system consists of various parts such as steering wheel, steering column, intermediate shaft, tie rods, and hydraulic pumps, among others.

The increasing disposable income is a key factor responsible for rising sales of automotive vehicles. Rise in the demand for cars with safety and comfortable features is expected to boost the automotive steering system market during the forecast period. Advancements in technology are enabling the expansion of web-based sales channels, which has resulted in higher booking via online channels.

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North America Creating Profitable Avenues for Market Players

North America accounts for the largest share of the global automotive steering system market due to significant presence of key market players in the region. The North America automotive steering system market is growing rapidly due to rapid economic growth. Manufacturers operating in the North America are gaining profitable growth opportunities by focusing on expanding their market share by engaging in collaborations, partnerships, and mergers & acquisitions. The rising spending capacity of consumers is also driving the market for automotive steering system in North America.

Moreover, rising vehicle production in all regions of North America is also influencing the demand for the automotive steering system market. Apart from this, rapid expansion of small and medium-scale automotive manufacturing industries across Asia Pacific is contributing to the expansion of the automotive steering system market in the region.

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Rising Popularity of Electro-Hydraulic Power Steering System

The electro-hydraulic power steering is becoming popular in the automotive steering system market, as they converge advantages of both hydraulic and electronic power. Electronic power steering systems offer fuel-efficiency and usability. Electronic power steering are used in most of the passenger vehicles and streets cars. This system is driven by an electric motor, which is independent from the main engine and only operates when it is needed. Hydraulic power steering systems are the most basic and hassle-free design among steering systems. The steering system provides assistance to the driver to steer by providing hydraulic assistance to the steering mechanism. Thus, drivers only have to put a modest force to the steering wheel while the hydraulic system does the rest. The major concern of the industry is the huge capital that is required for research & development of the steering system, which increases the price of the automotive steering system considerably.

Automotive Steering System Market: Overview

  • Rise in sales of vehicles across the globe is likely to boost the automotive steering system market. Increase in demand for safety and comfort features in vehicles is also estimated to propel the automotive steering system market.
  • Expansion of manufacturing industries across developed countries is projected to boost the production of vehicles, which, in turn, is anticipated to fuel the automotive steering system market growth. Economic stability and cheaper raw material across developed countries are estimated to further propel the vehicle production rate and consequently, drive the automotive steering system market.

Drivers of Automotive Steering System Market

  • Rise in demand for fuel-efficient vehicles with effective steering systems is anticipated to propel the automotive steering system market
  • Increase in mergers and acquisitions between vehicle manufacturers across the globe for the development of high-quality products is likely to boost the automotive steering system market across the globe
  • In August 2019, Nexteer Automotive announced a joint venture with Dongfeng Motor Parts and Components Group Co., Ltd., to start the mass production of electric power steering systems. This is likely to fuel the automotive steering system market.
  • Rise in demand for electric vehicles, owing to the enactment of stringent emission norms across the globe, is projected to increase the demand for automotive steering systems. Growing consumer trend toward advanced drive assist system in vehicles is also propelling the automotive steering system market.
  • Increase in advancements in the automotive technology has fueled the demand for steering systems in vehicles, which, in turn, is likely to drive the automotive steering system market

Challenges for Automotive Steering System Market

  • Rapid spread of the pandemic across the globe has led to a decline in vehicle production. The COVID-19 pandemic caused a majority of businesses across the globe to crumble, owing to forced shutdown of production and manufacturing activities, which hampered major manufacturing companies across the globe. This is likely to pose a challenge for the global automotive steering system market.
  • Major concern of the industry is the huge capital that is required for research and development of steering systems, which increase the price of the automotive steering system considerably

Automotive Steering System Market Segmentation

  • The global automotive steering system market has been segmented based on technology, component, vehicle type, sales channel, and region
  • Based on technology, the electric power steering segment dominated the automotive steering system market, in terms of volume and revenue, in 2020. Rise in consumer trend toward comfort while driving is likely to boost the demand for electric power steering systems. The hydraulic power steering segment also held a notable share of the market, in terms of revenue, in 2020. It is estimated to expand considerably during the forecast period.
  • Based on vehicle type, the passenger vehicle segment dominated the global automotive steering system market in 2020. Rise in sales of passenger vehicles across the globe is also estimated to propel the market. Rise in purchase capacity of consumers across the globe is projected to increase the sale of vehicles, which, in turn, is anticipated to fuel the global automotive steering system market.

Automotive Steering System Market: Regional Analysis

  • Based on region, the global automotive steering system market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
  • Europe and Asia Pacific held a major share of the global automotive steering system market, in terms of revenue, in 2020. Major presence of vehicle manufacturers and tier-1 suppliers across Europe is likely to boost the market in the region.
  • Surge in investments by manufacturers to enhance production capacity across the globe is estimated to significantly fuel the automotive steering system market

Automotive Steering System Market: Competition Landscape

  • Key players operating in the global automotive steering system market include
  • Nexteer Automotive Group Limited
    • JTEKT Corporation
    • Hyundai Mobis Co., Ltd.
    • Showa Corporation
    • NSK Ltd
    • Robert Bosch GmbH
    • Hitachi Automotive System
    • Mando Corporation
    • Magna International
  • Major players operating in the global automotive steering system market are focusing on the expansion of their market share by engaging in collaborations, partnerships, and by mergers & acquisition. In September 2020, Schaeffler Group announced a partnership with Robert Bosch Automotive Steering GmbH, a subsidiary of Robert Bosch GmbH, to expand its intelligent rear wheel steering (iRWS) portfolio. Under this partnership, Schaeffler is expected to provide mechatronic iRWS systems, and Robert Bosch Automotive Steering would contribute software and electronics in the form of steering control units for the development of advanced steering.

Automotive Steering System Market Snapshot

Attribute

Detail

Market Value in 2020

US$ 28.30 Bn

Market Value in 2031

US$ 46.90 Bn

Growth Rate (CAGR)

4.70%

Forecast Period

2021-2031

Quantitative Units

Million Units for Volume and US$ Bn for Value

Research Scope

The report covers regional and global automotive steering system market revenue, along with key factors influencing the market.

Report Coverage

It includes Executive Summary, Market Overview, Global Market, Regional Market, and Competition Landscape

Format

Electronic (PDF)

Market Segmentation
  • Technology
    • Electric Power Steering
    • Hydraulic Power Steering
    • Electrically Assisted Hydraulic Power Steering (EHPS)
  • Component
    • Hydraulic Pump
    • Steering Column/Rack
    • Electric Motor
    • Sensor
    • Others
  • Vehicle Type
    • Passenger Vehicle
    • Light Commercial Vehicle
    • Heavy Duty Trucks
    • Bus & Coaches
  • Sales Channel
    • OEM
    • Aftermarket

Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Countries Covered
  • U. S.
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • East Europe
  • Rest of Europe
  • China
  • India
  • Japan
  • South Korea
  • ASEAN Countries
  • Rest of APAC
  • GCC Countries
  • Turkey
  • South Africa
  • Rest of Middle East & Africa
  • Brazil
  • Mexico
  • Rest of Latin America

Companies Profiled
  • Nexteer Automotive Group Limited
  • JTEKT Corporation
  • Hyundai Mobis Co., Ltd.
  • Showa Corporation
  • NSK Ltd
  • Robert Bosch GmbH
  • Hitachi Automotive System
  • Mando Corporation
  • Magna International

Customization Scope

Available upon Request

Pricing

Available upon Request

Automotive Steering System Market – Segmentation

This report on the automotive steering system market provides information on the basis of technology, component, vehicle type, sales channel, and region.

Technology
  • Electric Power Steering
  • Hydraulic Power Steering
  • Electrically Assisted Hydraulic Power Steering (EHPS)
Component
  • Hydraulic Pump
  • Steering Column/Rack
  • Electric Motor
  • Sensor
  • Others
Vehicle Type
  • Passenger Vehicle
  • Light Commercial Vehicle
  • Heavy Duty Trucks
  • Bus & Coaches
Sales Channel
  • OEM
  • Aftermarket
Region
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

This study also discusses the underlying trends and impact of various factors that are driving the automotive steering system market, along with their influence on the evolution of the market.

This study also offers Porter’s Five Point Analysis, value chain analysis, regulatory scenario, and a SWOT analysis of the automotive steering system market in order to elaborate the crucial growth tactics and opportunities for market players contributing to the market.

Frequently Asked Questions

How big is the Automotive Steering Systems market?

The global Automotive Steering Systems market size was estimated at US$39.1 bn by the end of 2021.

What is the Automotive Steering Systems market growth?

The global Automotive Steering Systems market was estimated compound annual growth rate of 6.20% from 2015-2021.

Which segment accounted for the largest Automotive Steering Systems market share?

Passenger vehicles segment has emerged dominant in the market owing to the increasing demand from Japan, India, and China.

Who are the key players in the Automotive Steering Systems market?

Some key players operating in the Automotive Steering Systems market include Sona Koyo Steering Systems Ltd (India), China Automotive Systems Inc. (China), Robert Bosch Automotive Steering GmbH (Germany), Mitsubishi Electric Corporation (Japan), Hyundai Mobis Co. Ltd (South Korea), RW Automotive Holdings (U.S.), and others.

Which region has largest share in Automotive Steering Systems market?

Europe has acquired the leading position in the global Automotive Steering Systems market followed by North America.

    1. Executive Summary: Global Automotive Steering System Market

        1.1. Global Automotive Steering System Market Volume (Mn Units) Value (US$ Mn), 2017‒2031

    2. Market Overview

        2.1. Introduction

        2.2. Market Dynamics

            2.2.1. Drivers

            2.2.2. Restraints

            2.2.3. Opportunity

        2.3. Market Factor Analysis

            2.3.1. Porter’s Five Force Analysis

            2.3.2. Value Chain Analysis

                2.3.2.1. List of Key Manufacturers

                2.3.2.2. List of Customers

                2.3.2.3. Level of Integration

            2.3.3. SWOT Analysis

        2.4. Regulatory Scenario

        2.5. Key Industry Development

        2.6. Key Industry Trends

        2.7. COVID-19 Impact Analysis

    3. Global Automotive Steering System Market Analysis and Forecast, by Technology

        3.1. Definition

        3.2. Market Snapshot

        3.3. Global Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, by Technology, 2017‒2031

            3.3.1. Electric Power Steering

            3.3.2. Hydraulic Power Steering

            3.3.3. Electrically Assisted Hydraulic Power Steering

    4. Global Automotive Steering System Market Analysis and Forecast, by Component

        4.1. Definition

        4.2. Market Snapshot

        4.3. Global Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, by Component Type, 2017‒2031

            4.3.1. Hydraulic Pump

            4.3.2. Steering Column/Rack

            4.3.3. Electric Motor

            4.3.4. Sensor

            4.3.5. Others

    5. Global Automotive Steering System Market Analysis and Forecast, by Vehicle Type

        5.1. Definition

        5.2. Market Snapshot

        5.3. Global Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, by Vehicle Type, 2017‒2031

            5.3.1. Passenger Vehicle

            5.3.2. Light Commercial Vehicle

            5.3.3. Heavy Duty Trucks

            5.3.4. Bus & Coaches

    6. Global Automotive Steering System Market Analysis and Forecast, by Sales Channel

        6.1. Definition

        6.2. Market Snapshot

        6.3. Global Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, by Sales Channel, 2017‒2031

            6.3.1. OEM

            6.3.2. Aftermarket

    7. Global Automotive Steering System Market Analysis and Forecast, by Region

        7.1. Market Snapshot

        7.2. Global Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, by Region, 2017‒2031

            7.2.1. North America

            7.2.2. Europe

            7.2.3. Asia Pacific

            7.2.4. Middle East & Africa

            7.2.5. South America

    8. North America Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, 2017‒2031

        8.1. Market Snapshot

        8.2. North America Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, by Technology

            8.2.1. Electric Power Steering

            8.2.2. Hydraulic Power Steering

            8.2.3. Electrically Assisted Hydraulic Power Steering

        8.3. North America Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, by Component

            8.3.1. Hydraulic Pump

            8.3.2. STEERING COLUMN/RACK

            8.3.3. Electric Motor

            8.3.4. Sensor

            8.3.5. Others

        8.4. North America Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, by Vehicle Type

            8.4.1. Passenger Vehicle

            8.4.2. Light Commercial Vehicle

            8.4.3. Heavy Duty Trucks

            8.4.4. Bus & Coaches

        8.5. North America Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, by Sales Channel

            8.5.1. OEM

            8.5.2. Aftermarket

        8.6. North America Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, by Country

            8.6.1. U.S.

            8.6.2. Canada

            8.6.3. Mexico

    9. Europe Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, 2017‒2031

        9.1. Market Snapshot

        9.2. Europe Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, By Technology

            9.2.1. Electric Power Steering

            9.2.2. Hydraulic Power Steering

            9.2.3. Electrically Assisted Hydraulic Power Steering

        9.3. Europe Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, By Component 

            9.3.1. Hydraulic Pump

            9.3.2. STEERING COLUMN/RACK

            9.3.3. Electric Motor

            9.3.4. Sensor

            9.3.5. Others

        9.4. Europe Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, By Vehicle Type

            9.4.1. Passenger Vehicle

            9.4.2. Light Commercial Vehicle

            9.4.3. Heavy Duty Trucks

            9.4.4. Bus & Coaches

        9.5. Europe Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, By Sales Channel 

            9.5.1. OEM

            9.5.2. Aftermarket

        9.6. Europe Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, by Country and Sub-region

            9.6.1. Germany

            9.6.2. U.K.

            9.6.3. France

            9.6.4. Italy

            9.6.5. Spain

            9.6.6. Nordic Countries

            9.6.7. Russia & CIS

            9.6.8. Rest of Europe

    10. Asia Pacific Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, 2017‒2031

        10.1. Market Snapshot

        10.2. Asia Pacific Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, By Technology

            10.2.1. Electric Power Steering

            10.2.2. Hydraulic Power Steering

            10.2.3. Electrically Assisted Hydraulic Power Steering

        10.3. Asia Pacific Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, By Component 

            10.3.1. Hydraulic Pump

            10.3.2. STEERING COLUMN/RACK

            10.3.3. Electric Motor

            10.3.4. Sensor

            10.3.5. Others

        10.4. Asia Pacific Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, By Vehicle Type

            10.4.1. Passenger Vehicle

            10.4.2. Light Commercial Vehicle

            10.4.3. Heavy Duty Trucks

            10.4.4. Bus & Coaches

        10.5. Asia Pacific Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, By Sales Channel 

            10.5.1. OEM

            10.5.2. Aftermarket

        10.6. Asia Pacific Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, by Country and Sub-region

            10.6.1. China

            10.6.2. India

            10.6.3. ASEAN

            10.6.4. ANZ

            10.6.5. Rest of Asia Pacific

    11. Middle East & Africa Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, 2017‒2031

        11.1. Market Snapshot

        11.2. Middle East & Africa Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, By Technology

            11.2.1. Electric Power Steering

            11.2.2. Hydraulic Power Steering

            11.2.3. Electrically Assisted Hydraulic Power Steering

        11.3. Middle East & Africa Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, By Component 

            11.3.1. Hydraulic Pump

            11.3.2. STEERING COLUMN/RACK

            11.3.3. Electric Motor

            11.3.4. Sensor

            11.3.5. Others

        11.4. Middle East & Africa Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, By Vehicle Type

            11.4.1. Passenger Vehicle

            11.4.2. Light Commercial Vehicle

            11.4.3. Heavy Duty Trucks

            11.4.4. Bus & Coaches

        11.5. Middle East & Africa Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, By Sales Channel 

            11.5.1. OEM

            11.5.2. Aftermarket

        11.6. Middle East & Africa Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, by Country and Sub-region

            11.6.1. GCC

            11.6.2. Turkey

            11.6.3. South Africa

            11.6.4. Rest of Middle East & Africa

    12. South America Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, 2017‒2031

        12.1. Market Snapshot

        12.2. South America Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, By Technology

            12.2.1. Electric Power Steering

            12.2.2. Hydraulic Power Steering

            12.2.3. Electrically Assisted Hydraulic Power Steering

        12.3. South America Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, By Component 

            12.3.1. Hydraulic Pump

            12.3.2. STEERING COLUMN/RACK

            12.3.3. Electric Motor

            12.3.4. Sensor

            12.3.5. Others

        12.4. South America Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, By Vehicle Type

            12.4.1. Passenger Vehicle

            12.4.2. Light Commercial Vehicle

            12.4.3. Heavy Duty Trucks

            12.4.4. Bus & Coaches

        12.5. South America Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, By Sales Channel 

            12.5.1. OEM

            12.5.2. Aftermarket

        12.6. South America Automotive Steering System Market Volume (Million Units) Value (US$ Mn) Forecast, by Country and Sub-region

            12.6.1. Brazil

            12.6.2. Argentina

            12.6.3. Rest of South America

    13. Competition Landscape

        13.1. Market Analysis By Company (2020)

        13.2. Market Player – Competition Matrix (By Tier and Size of companies)

        13.3. Key Market Players (Details – Overview, Recent Developments, Strategy)

            13.3.1. Nexteer Automotive Group Limited

                13.3.1.1. Overview

                13.3.1.2. Recent Developments

                13.3.1.3. Strategy

            13.3.2. JTEKT Corporation

                13.3.2.1. Overview

                13.3.2.2. Recent Developments

                13.3.2.3. Strategy

            13.3.3. Hyundai Mobis Co., Ltd.

                13.3.3.1. Overview

                13.3.3.2. Recent Developments

                13.3.3.3. Strategy

            13.3.4. Showa Corporation

                13.3.4.1. Overview

                13.3.4.2. Recent Developments

                13.3.4.3. Strategy

            13.3.5. NSK Ltd

                13.3.5.1. Overview

                13.3.5.2. Recent Developments

                13.3.5.3. Strategy

            13.3.6. Robert Bosch GmbH

                13.3.6.1. Overview

                13.3.6.2. Recent Developments

                13.3.6.3. Strategy

            13.3.7. Hitachi Automotive System

                13.3.7.1. Overview

                13.3.7.2. Recent Developments

                13.3.7.3. Strategy

            13.3.8. Mando Corporation

                13.3.8.1. Overview

                13.3.8.2. Recent Developments

                13.3.8.3. Strategy

            13.3.9. Magna International

                13.3.9.1. Overview

                13.3.9.2. Recent Developments

                13.3.9.3. Strategy

            13.3.10. Other Key Players

    List of Tables

    Table 1: Global Automotive Steering System Market Volume (Units) Forecast, by Technology, 2017‒2031

    Table 2: Global Automotive Steering System Market Value (US$ Mn) Forecast, by Technology, 2017‒2031

    Table 3: Global Automotive Steering System Market Volume (Units) Forecast, by Component, 2017‒2031

    Table 4: Global Automotive Steering System Market Value (US$ Mn) Forecast, by Component, 2017‒2031

    Table 5: Global Automotive Steering System Market Volume (Units) Forecast, by Vehicle Type, 2017‒2031

    Table 6: Global Automotive Steering System Market Value (US$ Mn) Forecast, by Vehicle Type, 2017‒2031

    Table 7: Global Automotive Steering System Market Volume (Units) Forecast, by Sales Channel, 2017‒2031

    Table 8: Global Automotive Steering System Market Value (US$ Mn) Forecast, by Sales Channel, 2017‒2031

    Table 9: Global Automotive Steering System Market Volume (Units) Forecast, by Region, 2017‒2031

    Table 10: Global Automotive Steering System Market Value (US$ Mn) Forecast, by Region, 2017‒2031

    Table 11: North America Automotive Steering System Market Volume (Units) Forecast, by Technology, 2017‒2031

    Table 12: North America Automotive Steering System Market Value (US$ Mn) Forecast, by Technology, 2017‒2031

    Table 13: North America Automotive Steering System Market Volume (Units) Forecast, by Component, 2017‒2031

    Table 14: North America Automotive Steering System Market Value (US$ Mn) Forecast, by Component, 2017‒2031

    Table 15: North America Automotive Steering System Market Volume (Units) Forecast, by Vehicle Type, 2017‒2031

    Table 16: North America Automotive Steering System Market Value (US$ Mn) Forecast, by Vehicle Type, 2017‒2031

    Table 17: North America Automotive Steering System Market Volume (Units) Forecast, by Sales Channel, 2017‒2031

    Table 18: North America Automotive Steering System Market Value (US$ Mn) Forecast, by Sales Channel, 2017‒2031

    Table 19: North America Automotive Steering System Market Volume (Units) Forecast, by Country, 2017‒2031

    Table 20: North America Automotive Steering System Market Value (US$ Mn) Forecast, by Country, 2017‒2031

    Table 21: Europe Automotive Steering System Market Volume (Units) Forecast, by Technology, 2017‒2031

    Table 22: Europe Automotive Steering System Market Value (US$ Mn) Forecast, by Technology, 2017‒2031

    Table 23: Europe Automotive Steering System Market Volume (Units) Forecast, by Component, 2017‒2031

    Table 24: Europe Automotive Steering System Market Value (US$ Mn) Forecast, by Component, 2017‒2031

    Table 25: Europe Automotive Steering System Market Volume (Units) Forecast, by Vehicle Type, 2017‒2031

    Table 26: Europe Automotive Steering System Market Value (US$ Mn) Forecast, by Vehicle Type, 2017‒2031

    Table 27: Europe Automotive Steering System Market Volume (Units) Forecast, by Sales Channel, 2017‒2031

    Table 28: Europe Automotive Steering System Market Value (US$ Mn) Forecast, by Sales Channel, 2017‒2031

    Table 29: Europe Automotive Steering System Market Volume (Units) Forecast, by Country and Sub-region, 2017‒2031

    Table 30: Europe Automotive Steering System Market Value (US$ Mn) Forecast, by Country and Sub-region, 2017‒2031

    Table 31: Asia Pacific Automotive Steering System Market Volume (Units) Forecast, by Technology, 2017‒2031

    Table 32: Asia Pacific Automotive Steering System Market Value (US$ Mn) Forecast, by Technology, 2017‒2031

    Table 33: Asia Pacific Automotive Steering System Market Volume (Units) Forecast, by Component, 2017‒2031

    Table 34: Asia Pacific Automotive Steering System Market Value (US$ Mn) Forecast, by Component, 2017‒2031

    Table 35: Asia Pacific Automotive Steering System Market Volume (Units) Forecast, by Vehicle Type, 2017‒2031

    Table 36: Asia Pacific Automotive Steering System Market Value (US$ Mn) Forecast, by Vehicle Type, 2017‒2031

    Table 37: Asia Pacific Automotive Steering System Market Volume (Units) Forecast, by Sales Channel, 2017‒2031

    Table 38: Asia Pacific Automotive Steering System Market Value (US$ Mn) Forecast, by Sales Channel, 2017‒2031

    Table 39: Asia Pacific Automotive Steering System Market Volume (Units) Forecast, by Country and Sub-region, 2017‒2031

    Table 40: Asia Pacific Automotive Steering System Market Value (US$ Mn) Forecast, by Country and Sub-region, 2017‒2031

    Table 41: Middle East & Africa Automotive Steering System Market Volume (Units) Forecast, by Technology, 2017‒2031

    Table 42: Middle East & Africa Automotive Steering System Market Value (US$ Mn) Forecast, by Technology, 2017‒2031

    Table 43: Middle East & Africa Automotive Steering System Market Volume (Units) Forecast, by Component, 2017‒2031

    Table 44: Middle East & Africa Automotive Steering System Market Value (US$ Mn) Forecast, by Component, 2017‒2031

    Table 45: Middle East & Africa Automotive Steering System Market Volume (Units) Forecast, by Vehicle Type, 2017‒2031

    Table 46: Middle East & Africa Automotive Steering System Market Value (US$ Mn) Forecast, by Vehicle Type, 2017‒2031

    Table 47: Middle East & Africa Automotive Steering System Market Volume (Units) Forecast, by Sales Channel, 2017‒2031

    Table 48: Middle East & Africa Automotive Steering System Market Value (US$ Mn) Forecast, by Sales Channel, 2017‒2031

    Table 49: Middle East & Africa Automotive Steering System Market Volume (Units) Forecast, by Country and Sub-region, 2017‒2031

    Table 50: Middle East & Africa Automotive Steering System Market Value (US$ Mn) Forecast, by Country and Sub-region, 2017‒2031

    Table 51: South America Automotive Steering System Market Volume (Units) Forecast, by Technology, 2017‒2031

    Table 52: South America Automotive Steering System Market Value (US$ Mn) Forecast, by Technology, 2017‒2031

    Table 53: South America Automotive Steering System Market Volume (Units) Forecast, by Component, 2017‒2031

    Table 54: South America Automotive Steering System Market Value (US$ Mn) Forecast, by Component, 2017‒2031

    Table 55: South America Automotive Steering System Market Volume (Units) Forecast, by Vehicle Type, 2017‒2031

    Table 56: South America Automotive Steering System Market Value (US$ Mn) Forecast, by Vehicle Type, 2017‒2031

    Table 57: South America Automotive Steering System Market Volume (Units) Forecast, by Sales Channel, 2017‒2031

    Table 58: South America Automotive Steering System Market Value (US$ Mn) Forecast, by Sales Channel, 2017‒2031

    Table 59: South America Automotive Steering System Market Volume (Units) Forecast, by Country and Sub-region, 2017‒2031

    Table 60: South America Automotive Steering System Market Value (US$ Mn) Forecast, by Country and Sub-region, 2017‒2031

    List of Figures

    Figure 1: Global Automotive Steering System Market Value (US$ Mn) Projection, by Technology, 2017‒2031

    Figure 2: Global Automotive Steering System Market, US$ Mn, Incremental Opportunity, by Technology, 2021‒2031

    Figure 3: Global Automotive Steering System Market Value (US$ Mn) Projection, by Component, 2017‒2031

    Figure 4: Global Automotive Steering System Market, US$ Mn, Incremental Opportunity, by Component, 2021‒2031

    Figure 5: Global Automotive Steering System Market Value (US$ Mn) Projection, by Vehicle Type, 2017‒2031

    Figure 6: Global Automotive Steering System Market, US$ Mn, Incremental Opportunity, by Vehicle Type, 2021‒2031

    Figure 7: Global Automotive Steering System Market Value (US$ Mn) Projection, by Sales Channel, 2017‒2031

    Figure 8: Global Automotive Steering System Market, US$ Mn, Incremental Opportunity, by Sales Channel, 2021‒2031

    Figure 9: Global Automotive Steering System Market Value (US$ Mn) Projection by Region, 2017‒2031

    Figure 10: Global Automotive Steering System Market, US$ Mn, Incremental Opportunity, by Region, 2021‒2031

    Figure 11: North America Automotive Steering System Market Value (US$ Mn) Projection, by Technology, 2017‒2031

    Figure 12: North America Automotive Steering System Market, US$ Mn, Incremental Opportunity, by Technology, 2021‒2031

    Figure 13: North America Automotive Steering System Market Value (US$ Mn) Projection, by Component, 2017‒2031

    Figure 14: North America Automotive Steering System Market, US$ Mn, Incremental Opportunity, by Component, 2021‒2031

    Figure 15: North America Automotive Steering System Market Value (US$ Mn) Projection, by Vehicle Type, 2017‒2031

    Figure 16: North America Automotive Steering System Market, US$ Mn, Incremental Opportunity, by Vehicle Type, 2021‒2031

    Figure 17: North America Automotive Steering System Market Value (US$ Mn) Projection, by Sales Channel, 2017‒2031

    Figure 18: North America Automotive Steering System Market, US$ Mn, Incremental Opportunity, by Sales Channel, 2021‒2031

    Figure 19: North America Automotive Steering System Market Value (US$ Mn) Projection by Country, 2017‒2031

    Figure 20: North America Automotive Steering System Market, US$ Mn, Incremental Opportunity, by Country, 2021‒2031

    Figure 21: Europe Automotive Steering System Market Value (US$ Mn) Projection, by Technology, 2017‒2031

    Figure 22: Europe Automotive Steering System Market, US$ Mn, Incremental Opportunity, by Technology, 2021‒2031

    Figure 23: Europe Automotive Steering System Market Value (US$ Mn) Projection, by Component, 2017‒2031

    Figure 24: Europe Automotive Steering System Market, US$ Mn, Incremental Opportunity, by Component, 2021‒2031

    Figure 25: Europe Automotive Steering System Market Value (US$ Mn) Projection, by Vehicle Type, 2017‒2031

    Figure 26: Europe Automotive Steering System Market, US$ Mn, Incremental Opportunity, by Vehicle Type, 2021‒2031

    Figure 27: Europe Automotive Steering System Market Value (US$ Mn) Projection, by Sales Channel, 2017‒2031

    Figure 28: Europe Automotive Steering System Market, US$ Mn, Incremental Opportunity, by Sales Channel, 2021‒2031

    Figure 29: Europe Automotive Steering System Market Value (US$ Mn) Projection by Country and Sub-region, 2017‒2031

    Figure 30: Europe Automotive Steering System Market, US$ Mn, Incremental Opportunity, by Country and Sub-region 2021‒2031

    Figure 31: Asia Pacific Automotive Steering System Market Value (US$ Mn) Projection, by Technology, 2017‒2031

    Figure 32: Asia Pacific Automotive Steering System Market, US$ Mn, Incremental Opportunity, by Technology, 2021‒2031

    Figure 33: Asia Pacific Automotive Steering System Market Value (US$ Mn) Projection, by Component, 2017‒2031

    Figure 34: Asia Pacific Automotive Steering System Market, US$ Mn, Incremental Opportunity, by Component, 2021‒2031

    Figure 35: Asia Pacific Automotive Steering System Market Value (US$ Mn) Projection, by Vehicle Type, 2017‒2031

    Figure 36: Asia Pacific Automotive Steering System Market, US$ Mn, Incremental Opportunity, by Vehicle Type, 2021‒2031

    Figure 37: Asia Pacific Automotive Steering System Market Value (US$ Mn) Projection, by Sales Channel, 2017‒2031

    Figure 38: Asia Pacific Automotive Steering System Market, US$ Mn, Incremental Opportunity, by Sales Channel, 2021‒2031

    Figure 39: Asia Pacific Automotive Steering System Market Value (US$ Mn) Projection, by Country and Sub-region 2021‒2031

    Figure 40: Asia Pacific Automotive Steering System Market, US$ Mn, Incremental Opportunity, by Country and Sub-region 2021‒2031

    Figure 41: Middle East & Africa Automotive Steering System Market Value (US$ Mn) Projection, by Technology, 2017‒2031

    Figure 42: Middle East & Africa Automotive Steering System Market, US$ Mn, Incremental Opportunity, by Technology, 2021‒2031

    Figure 43: Middle East & Africa Automotive Steering System Market Value (US$ Mn) Projection, by Component, 2017‒2031

    Figure 44: Middle East & Africa Automotive Steering System Market, US$ Mn, Incremental Opportunity, by Component, 2021‒2031

    Figure 45: Middle East & Africa Automotive Steering System Market Value (US$ Mn) Projection, by Vehicle Type, 2017‒2031

    Figure 46: Middle East & Africa Automotive Steering System Market, US$ Mn, Incremental Opportunity, by Vehicle Type, 2021‒2031

    Figure 47: Middle East & Africa Automotive Steering System Market Value (US$ Mn) Projection, by Sales Channel, 2017‒2031

    Figure 48: Middle East & Africa Automotive Steering System Market, US$ Mn, Incremental Opportunity, by Sales Channel, 2021‒2031

    Figure 49: Middle East & Africa Automotive Steering System Market Value (US$ Mn) Projection by Country and Sub-region, 2017‒2031

    Figure 50: Middle East & Africa Automotive Steering System Market, US$ Mn, Incremental Opportunity, by Country and Sub-region 2021‒2031

    Figure 51: South America Automotive Steering System Market Value (US$ Mn) Projection, by Technology, 2017‒2031

    Figure 52: South America Automotive Steering System Market, US$ Mn, Incremental Opportunity, by Technology, 2021‒2031

    Figure 53: South America Automotive Steering System Market Value (US$ Mn) Projection, by Component, 2017‒2031

    Figure 54: South America Automotive Steering System Market, US$ Mn, Incremental Opportunity, by Component, 2021‒2031

    Figure 55: South America Automotive Steering System Market Value (US$ Mn) Projection, by Vehicle Type, 2017‒2031

    Figure 56: South America Automotive Steering System Market, US$ Mn, Incremental Opportunity, by Vehicle Type, 2021‒2031

    Figure 57: South America Automotive Steering System Market Value (US$ Mn) Projection, by Sales Channel, 2017‒2031

    Figure 58: South America Automotive Steering System Market, US$ Mn, Incremental Opportunity, by Sales Channel, 2021‒2031

    Figure 59: South America Automotive Steering System Market Value (US$ Mn) Projection by Country and Sub-region, 2017‒2031

    Figure 60: South America Automotive Steering System Market, US$ Mn, Incremental Opportunity, by Country and Sub-region 2021‒2031

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Automotive Steering System Market

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