Global Automotive Steering Systems Market was valued at USD 30.68 Billion in 2021, and is expected to reach USD 44.30 Billion by 2029, exhibiting a CAGR of 4.7 % during the forecast period (2022-2029)

The global COVID-19 crisis has greatly redoubled trade demand for Automotive Steering Systems Market Report contents embrace Size in the price for the global market, drivers, trends, and challenges, by the user, and rate of growth throughout the forecast amount. Historical figures are also provided. The study considers the world market’s state of affairs and its market dynamics. It covers a close summary of many market growth enablers, restraints, and trends. The report offers each demand and provides aspects of the market. It profiles and examines leading corporations and alternative distinguished ones operative within the market.

This synopsis is useful for both new entrants and the ones who are already established in the market. The report also gives you solutions that will help you further in the decision-making process.

To remain ‘ahead’ of your competitors, request for a sample: 

COVID-19 Impact:

COVID-19 has affected the global economy in many ways and has led to a lot of changes in the market to which everyone is getting used. The government has issued new rules and regulations due to COVID-19, this pandemic has an impact on every industry. The report published by MMR gives possible solutions to these problems along with suggestions to expand your business.

Competitive Landscape and Automotive Steering Systems Market Share Analysis:

The competitive landscape for the Automotive Steering Systems market provides statistics and data on the various competitors. The analysis provides a slight insight into detailed and reliable revenue information for the player from 2018 to 2021. It also gives a detailed analysis based on accurate revenue (global and regional) information for the period 2018-2021. Company description, principal business, total revenue and sales, revenue earned in the Automotive Steering Systems business, date of entry into the Automotive Steering Systems market, Automotive Steering Systems product introduction, recent advancements, and other details are given.

Automotive Steering Systems Market Segment:  

The passenger car, light commercial, and large commercial vehicle segments of the automotive steering system market. Due to increased sales and production in emerging countries in the Asia Pacific, the passenger vehicle segment is anticipated to dominate the automotive steering system market over the forecast period. This segment of the automotive steering system market is anticipated to develop faster due to the rising popularity of electric power steering systems in passenger cars. In the area of light commercial vehicles, the market for automotive steering systems is also anticipated to expand. Light commercial vehicles frequently have hydraulic power steering systems. Additionally, the market for automobile steering systems in this sector is anticipated to rise due to the increasing demand for logistical operations for trade activities.

Automotive Steering Systems Market Key players: 

● China Automotive Systems, Inc.
● Nexteer Automotive
● Hitachi Automotive Systems Americas, Inc.
● Hyundai Mobis
● JTEKT Corporation
● The Mando Corporation
● NSK Ltd.
● Robert Bosch GmbH
● Showa Corporation
● ThyssenKrupp AG
● Magna International
● Mitsubishi Electric Corporation
● Denso Corporation
● Sona Corporation
● Knorr-Bremse AG
● ZF Friedrichshafen AG
● Rollax GmbH & Co. KG

Automotive Steering Systems Market Regional Insights:

  1. Asia-Pacific(Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
  2. Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
  3. North America (the United States, Mexico, and Canada.)
  4. South America (Brazil etc.)
  5. The Middle East and Africa (GCC Countries and Egypt.)

For critical insights on this market, request for methodology here: 

This Report Can Be Used By:

  • Aspiring companies
  • research institutes
  • Consulting firms
  • Government bodies
  • Service providers
  • Students

About Us:


3rd Floor, Navale IT Park Phase 2,

Pune Banglore Highway,

Narhe, Pune, Maharashtra 411041, India.