Automotive
Rack & Pinion Market
Automotive Rack & Pinion Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Automotive Rack & Pinion Market Size and Growth
The automotive rack and pinion market is projected to reach approximately $12 billion by 2025, driven by rising demand for efficient steering systems and lightweight materials. Current market conditions highlight increased investments in electric vehicles and advancements in steering technology, fueling growth and innovation within the sector. Request Sample Report
Companies Covered (Covid 19 Impact Covered)
◍ China Automotive Systems (China)
◍ CNK (Japan)
◍ Nexteer (USA)
◍ KHK Gears (Japan)
◍ WITTENSTEIN Alpha (Germany)
◍ Ibara Seiki (Japan)
◍ JTEKT (Japan)
◍ Koyometaltech (Japan)
◍ Mando (Korea)
◍ Nakamura Gear & Machinery (Japan)
◍ Rane Group (India)
◍ Sona Group (India)
The Automotive Rack & Pinion Market features key players such as Nexteer (USA), JTEKT (Japan), and Mando (Korea), each innovating in steering technologies to enhance vehicle performance. These companies drive market growth through advanced manufacturing, expanding product lines, and fostering strategic partnerships. Sales figures include:
- Nexteer: $1.5 billion
- JTEKT: $3 billion
- Mando: $2.5 billion
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Market Segmentation
By Application
Passenger Cars
Commercial Vehicles
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By Product
Soft Steel
Half Hard or Hard Steel
Others
Market Growth
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$ X Billion USD
