Automotive steering system is among the most integral parts installed automobile vehicles. Steering systems allows the driver to control and maneuver the vehicle in desired direction.
This report contains market size and forecasts of Automotive Power Steering Systems in Global, including the following market information:
Global Automotive Power Steering Systems Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Automotive Power Steering Systems market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Electronic Power Steering (EPS) Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Automotive Power Steering Systems include Robert Bosch Automotive Steering GmbH, Mitsubishi Electric Corporation, JTEKT Corporation, ThyssenKrupp Presta AG, Autoliv and Daimler AG, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Automotive Power Steering Systems companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Automotive Power Steering Systems Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Automotive Power Steering Systems Market Segment Percentages, by Type, 2021 (%)
Electronic Power Steering (EPS)
Hydraulic Power Steering (HPS)
Electronic & Hydraulic Power Steering (EHPS)
Global Automotive Power Steering Systems Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Automotive Power Steering Systems Market Segment Percentages, by Application, 2021 (%)
Original Equipment Manufacturers (OEMS)
Aftermarket
Global Automotive Power Steering Systems Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Automotive Power Steering Systems Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Automotive Power Steering Systems revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Automotive Power Steering Systems revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Robert Bosch Automotive Steering GmbH
Mitsubishi Electric Corporation
JTEKT Corporation
ThyssenKrupp Presta AG
Autoliv
Daimler AG