Press release
Automotive Steering System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Electronic Power Steering, Hydraulic Power Steering, and Electro-Hydraulic Power Steering) and Vehicle Type (Passenger Cars and Commercial Vehicles)
The global automotive steering system market was valued at US$ 22,501.01 million in 2020 and is projected to reach US$ 30,875.8 million by 2028; it is expected to grow at a CAGR of 4.3% during 2021–2028.Studying and analyzing the impact of Coronavirus COVID-19 on the Automotive Steering System industry, the report provides in-depth analysis and professional advices on how to face the post COIVD-19 period.
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The global Automotive Steering System market has been segmented into five major regions: North America, Europe, APAC, MEA, and SAM. APAC holds the dominant share in the Automotive Steering System market and it is expected to be the fastest-growing region in the global market in forecasted period. Governments of various countries are supporting local manufacturers to enhance automotive sector in the country which is bolstering the market growth.
The Top Companies in the Automotive Steering System market include: - China Automotive Systems, Nexteer Automotive, Hitachi Automotive Systems Americas, Hyundai Mobis, JTEKT Corporation, The Mando Corporation, NSK Ltd., Robert Bosch GmbH, Showa Corporation, ThyssenKrupp AGInc.
The above listing of key players is derived by considering multiple factors such as overall revenue, current Automotive Steering System portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities.
Global Automotive Steering System Market: Applications and Types
COVID-19 Impact and Global Analysis By Type (Electronic Power Steering, Hydraulic Power Steering, and Electro-Hydraulic Power Steering) and Vehicle Type (Passenger Cars and Commercial Vehicles)
Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the in-Automotive Steering System market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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Some Point from Table of Content:
Global Automotive Steering System Market Analysis, Key Company Profiles, Types, Applications and Forecast to 2028
1 Automotive Steering System Market - Research Scope
2 Automotive Steering System Market - Research Methodology
3 Automotive Steering System Market Forces
4 Automotive Steering System Market - By Geography
5 Automotive Steering System Market - By Trade Statistics
6 Automotive Steering System Market - By Type
7 Automotive Steering System Market - By Application
8 North America Automotive Steering System Market
9 Europe Automotive Steering System Market Analysis
10 Asia-Pacific Automotive Steering System Market Analysis
11 Middle East and Africa Automotive Steering System Market Analysis
12 South America Automotive Steering System Market Analysis
13 Company Profiles
14 Market Forecast - By Regions
15 Market Forecast - By Type and Applications
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and defence. We continuously update our repository so as to provide our clients easy access to the world’s most complete and current database of expert insights on global industries, companies, and products. We also specialize in custom research in situations where our syndicate Research offerings do not meet the specific requirements of our esteemed clients.
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