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Automotive Steering System Market Size Market Share & Forecast, 2018 – 2025 Top Key Players Like: China Automotive Systems Inc., JTEKT Corporation, Nexteer Automotive, Mando Corporation, ThyssenKrupp Presta AG, Robert Bosch Automotive Steering GmbH

04-09-2019 06:17 AM CET | Industry, Real Estate & Construction

Press release from: Big Market Research

Automotive Steering System

Automotive Steering System

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 global automotive steering system market encompasses steering system type and vehicle type segment of the automotive steering system market. The global automotive steering system market is a very dynamic market and is expected to witness growth during the forecast period. The development of new and diversified technologies creates opportunities within the automotive industry. The automotive steering system market is analyzed and estimated in accordance with the impacts of the drivers, restraints, and opportunities. The period studied in this report is from 2018 to 2025.

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 a commercial vehicle and a passenger vehicle. Based on the region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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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KEY BENEFITS FOR STAKEHOLDERS

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 to gain a stronger foothold in the market.

The report presents information related to key drivers, restraints, and opportunities with 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 buyers and suppliers.

Automotive Steering System Market Key Segments:

By Type: Electronic Power Steering, Hydraulic Power Steering, Electro-Hydraulic Power Steering.

By Vehicle Type: Passenger Vehicle, Commercial Vehicle, LCV, HCV

By Geography: U.S., Canada, Mexico, Italy, Germany, Spain, Romania, China, Japan, India, Lama, Latin America, Middle East, Africa.

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Similar Related report:

Global Automotive Steering System Industry Market Research Report

More summary: https://www.bigmarketresearch.com/global-automotive-steering-system-industry-market-research-report-market

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