Press release
At 5.4% CAGR Automotive Steering System Market to Reach $45,349.8 Million in 2025: Profiled Players JTEKT Corporation, Nexteer Automotive, Mando Corporation, Showa Corporation, NSK Ltd, Mitsubishi and More
The global automotive steering system market was valued at $29,423.8 million in 2017, and is projected to reach $45,349.8 million by 2025, registering a CAGR of 5.4%% from 2018 to 2025. In 2017, Asia-Pacific accounted for the highest share in the global automotive steering system market.
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The market is segmented by type of automotive steering system used, which includes hydraulic power steering, electronic power steering, and electro-hydraulic power steering system. Also, based on vehicle type, the market is bifurcated into commercial vehicle and passenger vehicle. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits for Automotive Steering System Market:
• This study presents the analytical depiction of the global automotive steering system market along with the current trends and future estimations to depict the imminent investment pockets.
• The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
• The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
• The current market is quantitatively analyzed from 2018 to 2025 to highlight the financial competency of the market.
• Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
The key players analyzed in the automotive steering system market include China Automotive Systems Inc., JTEKT Corporation, Nexteer Automotive, Mando Corporation, ThyssenKrupp Presta AG, Robert Bosch Automotive Steering GmbH, Showa Corporation, NSK Ltd, Mitsubishi Electric Corporation, Sona Koyo Steering Systems Ltd., and Hyundai Mobis Co. Ltd.
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Automotive Steering System Key Market Segments:
By Type
• Electronic Power Steering
• Hydraulic Power Steering
• Electro Hydraulic Power Steering
• By Vehicle Type
• Passenger Vehicle
• Commercial Vehicle
• LCV
• HCV
By Region
• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• France
• Russia
• Rest of Europe
• Asia-Pacific
• China
• India
• Japan
• Australia
• Rest of Asia-Pacific
• LAMEA
• Latin America
• Middle East
• Africa
Related Report:
Automotive Chassis System Market by Component, Chassis and Vehicle: Global Opportunity Analysis and Industry Forecast, 2018 - 2025
The global automotive chassis system market is segmented into component, chassis systems, vehicle, and region. Based on component, the market is divided into tie-rods, stabilizer links, suspension ball joints, cross-axis joints, control arms, and knuckles & hubs. Based on system, the market is classified into front axles, rear axles, corner modules, and active kinematics control. Based on vehicle, the market is categorized into cars, light commercial vehicles, intermediate commercial vehicles, heavy commercial vehicles, construction equipment, off-road vehicles, defense vehicles, and farm tractors. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the key players operating in the automotive chassis system market include Continental AG, Robert Bosch GmbH, American Axle & Manufacturing, Inc., Magna International Inc., Benteler International AG, ZF Friedrichshafen AG, AISIN SEIKI Co., Ltd., Schaeffler AG, Hyundai Mobis, and Gestamp.
Read More: https://www.bigmarketresearch.com/automotive-chassis-systems-market?utm_source=RR-OPR&utm_medium=cc
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