Automotive Steering Systems Market Automotive Steering Systems Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031 Request Sample Report
Automotive Steering Systems Market Size and Growth
The global Automotive Steering Systems market is projected to reach a value of $XX billion by 2027, with a CAGR of XX% during the forecast period. The market is driven by the increasing demand for advanced steering systems in vehicles, technological advancements, and growing automotive production worldwide. Major players in the market include companies like Bosch, ZF Friedrichshafen, JTEKT, NSK, Showa Corporation, Nexteer Automotive, Thyssenkrupp, and others. Key market trends include the shifting focus towards electric power steering systems, the development of autonomous vehicles, and the growing popularity of steer-by-wire technology in modern vehicles. These factors are expected to drive the growth of the Automotive Steering Systems market in the coming years.
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Companies Covered (Covid 19 Impact Covered)
◍ JTEKT
◍ Bosch
◍ ZF
◍ NSK
◍ Nexteer Automobile
◍ Thyssenkrupp
◍ Mando
◍ Mobis
◍ Showa
◍ Sona Koyo
◍ CAAS
The competitive landscape of the Automotive Steering Systems Market includes key players such as JTEKT, Bosch, ZF, NSK, Nexteer Automobile, Thyssenkrupp, Mando, Mobis, Showa, Sona Koyo, and CAAS. These companies offer innovative steering solutions to enhance vehicle performance and safety, contributing to the market's growth.
- JTEKT: $11.9 billion
- Bosch: $72.3 billion
- ZF: $41 billion
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Market Segmentation
By Application
◍ Passenger Vehicle
◍ Commercial Vehicle
By Product
◍ EPS
◍ HPS
◍ EHPS
◍ MS
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$ X Billion USD
Market Growth
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