Light Automobile Steering Systems Market
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Light Automobile Steering Systems Market Size and Growth
The Light Automobile Steering Systems market is projected to reach USD 25 billion by 2025, driven by increasing vehicle production and advancements in steering technologies. Current market conditions reflect a shift towards electric and autonomous steering solutions, highlighting the need for innovation and adaptability among manufacturers to stay competitive.
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Companies Covered
(Covid 19 Impact Covered)
◍ JTEKT
◍ Bosch
◍ Nexteer
◍ NSK
◍ ThyssenKrupp
◍ ZF
◍ Showa
◍ Mando
◍ Hyundai Mobis
The Light Automobile Steering Systems Market features key players like JTEKT, Bosch, Nexteer, and NSK, who innovate in electric and mechanical systems. Companies like ZF and Hyundai Mobis enhance market growth through advanced technologies, contributing to sales revenues, including Bosch's €78 billion and Nexteer's $2.7 billion.
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Market Segmentation
By Application
Sedans
SUVs
Others
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By Product
Hydraulic Power Steering
Electronic Power Steering
Electro-Hydraulic Power Steering
Market Growth
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$ X Billion USD
