Automotive Steering Shaft Market
Automotive Steering Shaft Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Automotive Steering Shaft Market Size and Growth
The Automotive Steering Shaft market is experiencing steady growth, driven by increasing vehicle production and technological advancements in steering systems. The market is projected to reach approximately $XX billion by 2028, reflecting a CAGR of XX%. Competitive dynamics underscore the importance of innovation and sustainability in product development.
Companies Covered (Covid 19 Impact Covered)
◍ ThyssenKrupp (Germany)
◍ Dana (USA)
◍ Mando (Korea)
◍ Sona Group (India)
◍ erae Automotive Systems (Korea)
◍ JTEKT (Japan)
◍ OTTO FUCHS (Germany)
The automotive steering shaft market features key players like ThyssenKrupp, Dana, and JTEKT, focusing on innovative designs and lightweight materials. Their advancements enhance vehicle safety and performance, driving market growth.
Sales revenue examples:
- ThyssenKrupp: $43 billion
- Dana: $8.6 billion
- JTEKT: $14.9 billion
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Market Segmentation
By Application
Passenger Cars
Commercial Vehicles
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By Product
Splined Shafts
Double D Shafts
Others
Market Growth
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$ X Billion USD
