Automotive Steering System Market Size- By Technology, By Component, By Vehicle Type, By Sales Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Description

Automotive Steering System Market Introduction and Overview

According to SPER Market Research, 'Automotive Steering System Market Size- By Technology, By Component, By Vehicle Type, By Sales Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' states that the Automotive Steering System Market is estimated to reach USD 39.83 billion by 2033 with a CAGR of 4.81%.

A steering system for an automobile is a collection of parts that work together to regulate the direction of travel and assist the person driving in navigating the vehicle as needed. The automotive steering system component is made up of the rack and pinion mechanism, universal joints, hand-operated steering wheel, and steering column. A power assist steering system has replaced the manual steering system as a result of this advancement.

The COVID-19 pandemic caused a significant drop in output and sales for the automotive sector. Lockdowns were implemented by governments across the globe to stop the pandemic's spread, forcing many manufacturers to temporarily halt operations. Due to the high capital requirements of industrial manufacturing, numerous component firms were in danger of going bankrupt. After the lockdowns were lifted, minimal vehicle manufacturing continued.

Scope of the Report:

Report Metric Details

Market size available for years 2020-2033

Base year considered 2023

Forecast period 2024-2033

Segments covered By Technology, By Component, By Vehicle Type, By Sales Channel

Regions covered North America, Asia-Pacific, Latin America, Middle East & Africa and Europe

Companies Covered Magna International, Mando Corporation, Mitsubishi Electric Corporation, Robert Bosch Gmbh, Showa Corporation, Nsk Ltd, Nexteer Automotive Group Limited, Jtekt Corporation, Hyundai Mobis Co., Ltd., Hitachi Automotive System, And Others.

Automotive Steering System Market Key Segments Covered

By Technology: Based on the Technology, Global Automotive Steering System Market is segmented as; Electric Power Steering, Hydraulic Power Steering and Electrically Assisted Hydraulic Power Steering.

By Component: Based on the Component, Global Automotive Steering System Market is segmented as; Hydraulic Pump, Steering Column/Rack, Electric Motor, Sensor and Others.

By Vehicle Type: Based on the Vehicle Type, Global Automotive Steering System Market is segmented as; Passenger Vehicle, Light Commercial Vehicle, Heavy Duty Trucks, Bus and Coaches.

By Sales Channel: Based on the Sales Channel, Global Automotive Steering System Market is segmented as; OEM and Aftermarket.

Product Code: AMIN24120

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPER's internal database
- 2.1.4. Premium insight from KOL's
2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Automotive Steering System Market.

5. Market variable and outlook

5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
5.3. PORTER's Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Global Automotive Steering System Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Automotive Steering System Market

7. Global Automotive Steering System Market, By Technology (USD Million) 2020-2033

7.1. Global Automotive Steering System Market Size, Share and Forecast, By Technology, 2020-2026
7.2. Global Automotive Steering System Market Size, Share and Forecast, By Technology, 2027-2033
7.3. Electric Power Steering
7.4. Hydraulic Power Steering
7.5. Electrically Assisted Hydraulic Power Steering

8. Global Automotive Steering System Market, By Component (USD Million) 2020-2033

8.1. Global Automotive Steering System Market Size, Share and Forecast, By Component, 2020-2026
8.2. Global Automotive Steering System Market Size, Share and Forecast, By Component, 2027-2033
8.3. Hydraulic Pump
8.4. Steering Column/Rack
8.5. Electric Motor
8.6. Sensor
8.7. Others

9. Global Automotive Steering System Market, By Vehicle Type (USD Million) 2020-2033

9.1. Global Automotive Steering System Market Size, Share and Forecast, By Vehicle Type, 2020-2026
9.2. Global Automotive Steering System Market Size, Share and Forecast, By Vehicle Type, 2027-2033
9.3. Passenger Vehicle
9.4. Light Commercial Vehicle
9.5. Heavy Duty Trucks
9.6. Bus and Coaches

10. Global Automotive Steering System Market, By Sales Channel (USD Million) 2020-2033

10.1. Global Automotive Steering System Market Size, Share and Forecast, By Sales Channel, 2020-2026
10.2. Global Automotive Steering System Market Size, Share and Forecast, By Sales Channel, 2027-2033
10.3. OEM
10.4. Aftermarket

11. Global Automotive Steering System Market Forecast, 2020-2033 (USD Million)

11.1. Global Automotive Steering System Market Size and Market Share

12. Global Automotive Steering System Market, By Region, 2020-2033 (USD Million)

12.1. Global Automotive Steering System Market Size and Market Share By Region (2020-2026)
12.2. Global Automotive Steering System Market Size and Market Share By Region (2027-2033)
12.3. Asia-Pacific
- 12.3.1. Australia
- 12.3.2. China
- 12.3.3. India
- 12.3.4. Japan
- 12.3.5. South Korea
- 12.3.6. Rest of Asia-Pacific
12.4. Europe
- 12.4.1. France
- 12.4.2. Germany
- 12.4.3. Italy
- 12.4.4. Spain
- 12.4.5. United Kingdom
- 12.4.6. Rest of Europe
12.5. Middle East and Africa
- 12.5.1. Kingdom of Saudi Arabia
- 12.5.2. United Arab Emirates
- 12.5.3. Qatar
- 12.5.4. South Africa
- 12.5.5. Egypt
- 12.5.6. Morocco
- 12.5.7. Nigeria
- 12.5.8. Rest of Middle-East and Africa
12.6. North America
- 12.6.1. Canada
- 12.6.2. Mexico
- 12.6.3. United States
12.7. Latin America
- 12.7.1. Argentina
- 12.7.2. Brazil
- 12.7.3. Rest of Latin America

13. Company Profile

13.1. NEXTEER AUTOMOTIVE GROUP LIMITED
- 13.1.1. Company details
- 13.1.2. Financial outlook
- 13.1.3. Product summary
- 13.1.4. Recent developments
13.2. JTEKT CORPORATION
- 13.2.1. Company details
- 13.2.2. Financial outlook
- 13.2.3. Product summary
- 13.2.4. Recent developments
13.3. HYUNDAI MOBIS CO., LTD.
- 13.3.1. Company details
- 13.3.2. Financial outlook
- 13.3.3. Product summary
- 13.3.4. Recent developments
13.4. SHOWA CORPORATION
- 13.4.1. Company details
- 13.4.2. Financial outlook
- 13.4.3. Product summary
- 13.4.4. Recent developments
13.5. NSK LTD
- 13.5.1. Company details
- 13.5.2. Financial outlook
- 13.5.3. Product summary
- 13.5.4. Recent developments
13.6. ROBERT BOSCH GMBH
- 13.6.1. Company details
- 13.6.2. Financial outlook
- 13.6.3. Product summary
- 13.6.4. Recent developments
13.7. HITACHI AUTOMOTIVE SYSTEM
- 13.7.1. Company details
- 13.7.2. Financial outlook
- 13.7.3. Product summary
- 13.7.4. Recent developments
13.8. MAGNA INTERNATIONAL
- 13.8.1. Company details
- 13.8.2. Financial outlook
- 13.8.3. Product summary
- 13.8.4. Recent developments
13.9. MANDO CORPORATION
- 13.9.1. Company details
- 13.9.2. Financial outlook
- 13.9.3. Product summary
- 13.9.4. Recent developments
13.10. MITSUBISHI ELECTRIC CORPORATION
- 13.10.1. Company details
- 13.10.2. Financial outlook
- 13.10.3. Product summary
- 13.10.4. Recent developments
13.11. OTHERS