Press release
Automotive Steering System Market: Global Industry Size, Trends, Business Opportunities and Forecast Till 2028
Evolve Business Intelligence
For more information on the report:https://evolvebi.com/product/automotive-steering-system-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/
The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the automotive steering system market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.
In terms of COVID 19 impact, the automotive steering system market report also includes the following data points:
• COVID19 Impact on automotive steering system market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in automotive steering system market
Analyst View
According to Swapnil, Principal Analyst, Evolve Business Intelligence, “The automotive steering system market was negatively impacted by the decline in vehicle production in this pandemic. This is attributed to the temporary closedown of manufacturing facilities to contain the virus spread. Further, the automotive sector has also witnessed a decline in demand during the pandemic.”
Competitive Scenario
Some of the major automotive steering system players holding high market share include JTEKT Corporation, Robert Bosch, Hyundai Mobis Co. Ltd, and Mando Corporation. These players use new product development and collaboration as a key strategy to gain significant market share to compete with market leaders.
Segmental Analysis
The report's aim is to provide a holistic market overview based on Type, Component, Technology, and Vehicle Type
• Type
o Column-eps (C-Eps)
o Pinion-eps (P-Eps)
o Rack-eps (R-Eps)
• Component
o Hydraulic pump
o Steering column
o Steering wheel speed sensor
o Electric motor
• Technology
o Electric power steering (EPS)
o Electrically assisted hydraulic power steering (EHPS)
o Hydraulic power steering (HPS)
• Vehicle type
o Passenger car (PC)
o Light commercial vehicle (LCV)
o Heavy commercial vehicle (HCV)
Report Coverage
The study also contains a comprehensive value chain, as well as details on the key factors affecting the market growth (drivers, constraints, and opportunities). Furthermore, the report includes 10 key players in the automotive steering system market ecosystem that have been strategically profiled, along with the market ranking/share for major players. Under the company profile section, the company’s core competencies have been comprehensively analyzed, along with detailing the competitive landscape for the market players, and the strategies such as partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion adopted by them to grow in the market.
The key players profiled in the report are:
• JTEKT Corporation
• Robert Bosch
• Nexteer Automotive Group Limited
• China Automotive Systems Inc.
• Mando Corporation
• ThyssenKrupp Presta
• Showa Corporation
• Hyundai Mobis Co. Ltd
• Sona Koyo Steering Systems Ltd.
• NSK Ltd
To request a free sample report, click on the “Request Sample PDF” button on https://evolvebi.com/product/automotive-steering-system-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/
Research Methodology
This research study makes substantial use of secondary sources, archives, and databases (such as annual reports, news releases, magazines, Trade map, company websites, and other paid databases) to classify and gather information valuable for this analysis. The entire process involves a review of top industry participants' financial records. Following the determination of the overall market size, the total market was divided into several segments and sub-segments, and this information was then verified through key industry specialists such as CEOs, directors, VPs, and marketing executives.
Report Objectives
• To define, describe, and forecast the automotive steering system market, in terms of value, segmented on the basis of indication, type, technology, and geography
• To forecast the market size across 4 key regions—Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW)
• To provide detailed information regarding drivers, restraints, and opportunities, in the automotive steering system market
• To provide an overview of the value chain analysis pertaining to the automotive steering system industry
• To strategically analyze each segment and subsegment with respect to individual overall growth trends and their contribution to the overall automotive steering system market
• To analyze opportunities in the market by identifying high-growth segments of the automotive steering system market
• To profile key players in the automotive steering system market and comprehensively analyze their core competencies
• To analyze competitive developments such as partnerships, product launches and developments, contracts, and mergers and acquisitions carried out in the global automotive steering system market
Evolve Business Intelligence
C-218, 2nd floor, M-Cube
NH 48, Balitha, Vapi
Gujarat 396191
India
Email: sales@evolvebi.com
Website: https://evolvebi.com/
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Steering System Market: Global Industry Size, Trends, Business Opportunities and Forecast Till 2028 here
News-ID: 2259927 • Views: …
More Releases from Evolve Business Intelligence
Capsules: Encapsulating Opportunity in the Self-Healing Concrete Market
The self-healing concrete market is gaining momentum, driven by the need for durable and sustainable infrastructure. Within this innovative field, the capsule segment stands out as a high-opportunity area, offering a promising approach to automatically repair rifts and extend the lifespan of concrete structures.
Market Dynamics and Growth Drivers
Capsule-based self-healing concrete incorporates micro or macro capsules containing healing agents, such as bacteria, polymers, or mineral precursors, into the concrete mix. When…
Flow and Level Sensors: Navigating High Opportunity in the Marine Sensors Market
The marine sensors market is experiencing significant growth, driven by the increasing demand for enhanced vessel safety, operational efficiency, and environmental monitoring. Among the diverse array of marine sensors, the flow and level sensors segment presents a high-opportunity area, playing a vital role in ensuring optimal vessel performance and preventing critical failures.
Market Dynamics and Growth Drivers
Flow and level sensors provide real-time data on fluid levels and flow rates within various…
Seat Mounts: Anchoring Growth in the Dynamic Marine Seats Market
The marine seats market is driven by the demand for comfort, safety, and durability in various marine applications, from recreational boating to commercial vessels. Within this dynamic sector, the seat mount segment presents a high-opportunity area, playing a crucial role in ensuring secure and adaptable seating solutions for diverse marine environments.
Market Dynamics and Growth Drivers
Seat mounts provide the essential connection between marine seats and the vessel's deck, offering stability, adjustability,…
PE100 Pipes: The High-Pressure Powerhouse Driving Growth in the HDPE Pipes Marke …
The HDPE (High-Density Polyethylene) pipes market is experiencing robust expansion, fueled by its versatility and durability across various applications. Within this thriving sector, the PE100 pipe segment stands out as a high-opportunity area, offering superior performance for high-pressure applications in water, gas, and industrial pipelines.
Market Dynamics and Growth Drivers
PE100 pipes, characterized by their high density and excellent long-term hydrostatic strength, are designed to withstand demanding operating pressures…
More Releases for COVID
COVID-19 Diagnostics Market Analysis and Forecast to 2033: COVID-19 and Post-COV …
The COVID-19 diagnostics market is projected to reach a size of US$ 79.41 billion in 2023, with a robust compound annual growth rate (CAGR) of 7.87% from 2023 to 2033. This growth is primarily driven by technological advancements in diagnostic tools and methodologies, enabling faster and more accurate detection of the virus. However, the market faces several challenges, including the perception of high costs, along with concerns regarding test accuracy…
COVID-19 Molecular Diagnostics Market Insights by 2027 & Covid-19 Analysis | BD, …
This detailed assessment COVID-19 Molecular Diagnostics market report highlights data about various aspects, which includes growth factors and restraints. Crucial information about market scenario provided in this market report greatly helps key stakeholder in making right decision before making an investment in the market. This report further provides an overview on well-known industries, their market contribution, successful market strategies and latest advancements in present contexts. It also covers market analysis…
Europe COVID-19 Diagnostic Market Size | COVID-19 Impact Analysis | Forecast to …
Europe COVID-19 Diagnostic market is estimated to reach $2.6 billion in 2027, by growing at a CAGR of -22.9 % during the forecast period (2021-2027). Several projects for the development of COVID-19, diagnosis, and treatment were reported over the last few months. Additionally, on 22 July 2020, the European Commission declared nearly $117.8 million to co-fund a call for supporting R&D of coronavirus vaccines, and to develop diagnostic tests, treatments,…
Anti-Covid nasal spray Market (Covid-19 Impact)| Game Changer For Globe | SaNOti …
Global Anti-Covid nasal spray Market Size, Status and Forecast 2026
Israel and New Zealand have given interim approval for the sale of biotech firm SaNOtize Research and Development’s Nitric Oxide Nasal Spray (NONS) which could help prevent transmission of the COVID-19 virus, the company said on Monday. (Reuters)
A self-administered nitric oxide nasal spray (NONS) made by Vancouver-based biotech firm SaNOtize has been found to dramatically reduce Covid-19 viral load in infected…
COVID-19 Imparts Positive Impact on Covid-19 Treatment Market | 2020-2027
The Covid-19 treatment market is projected to grow due to increasing cases worldwide requiring short- and long-term respiratory support and multiple partnerships for the development of treatments with clinical trials underway. However, governments all over the world are now responding to the threat of COVID-19 with all the essential measures such as social distancing, nationwide lockdown, travel restrictions, and large-scale quarantines that are anticipated to impact the businesses and consumer…
Industrial AI Computers Market 2020 - Pre-COVID-19 and Post-COVID-19 Comparison
Industrial AI Computers Industry 2020 Market Research Report" A new report added by DeepResearchReports.com to its research database. Industrial AI Computers Market is segmented by Regions/Countries. All the key market aspects that influence the Industrial AI Computers market currently and will have an impact on it have been assessed and propounded in the Industrial AI Computers market research status and development trends reviewed in the new report.
Download Free PDF Sample…
