openPR Logo
Press release

Middle East and Africa Automotive Steering System Market 2021 Ongoing Trends with Most Demanding Players JTEKT Corporation, Nexteer Automotive, NSK Ltd., Robert Bosch GmbH, The Mando Corporation, ThyssenKrupp AG, etc.

06-29-2021 06:10 AM CET | Logistics & Transport

Press release from: Business Market Insights

Middle East and Africa Automotive Steering System Market

Middle East and Africa Automotive Steering System Market

The Automotive Steering Market in MEA is expected to reach US$ 16,428.99 million by 2028 from US$ 11,448.33 million in 2020.The market is estimated to grow at a CAGR of 4.9% from 2021 to 2028.

The Business Market Insights provides you regional research analysis on “Middle East and Africa Automotive Steering System Market” and forecast to 2028. The research report provides deep insights into the regional market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Middle East and Africa Automotive Steering System market during the forecast period, i.e., 2020–2028.

Get Sample Copy of this Middle East and Africa Automotive Steering System market research report at - https://www.businessmarketinsights.com/sample/TIPRE00022216

MEA Automotive Steering System Market - Company Profiles

JTEKT Corporation
Nexteer Automotive
NSK Ltd.
Robert Bosch GmbH
The Mando Corporation
ThyssenKrupp AG

There is an increase in use of buses and trucks worldwide, especially for logistics and public transportation. As the population in urban areas is growing, there is a need for increased public transit, and the current transportation infrastructure is proving inadequate. OEMs worldwide are now focused on lowering carbon emissions, which is leading to increase in use of electric cars. Passenger cars and taxis are concentrating more on the introduction of greener technology as the demand increases. The manufacturers are concentrating their efforts on electrification of vehicles, especially passenger cars. Several countries worldwide are putting a lot of work into creating green transportation.

MEA Automotive Steering System Market - By Type

Electronic Power Steering
Hydraulic Power Steering
Electro-Hydraulic Power Steering

MEA Automotive Steering System Market - By Vehicle Type

Passenger Cars
Commercial Vehicles

MEA Automotive Steering System Market - By Country

US
Canada
Mexico

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key player in the Middle East and Africa Automotive Steering System market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the Middle East and Africa Automotive Steering System market segments and regions.

Order a Copy of this Middle East and Africa Automotive Steering System market research report at – https://www.businessmarketinsights.com/buy/single/TIPRE00022216

Some Point Table Of Content: 

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        MEA Automotive Steering System Market – By Type

1.3.2        Automotive Steering System Market – By Vehicle Type

1.3.3        MEA Automotive Steering System Market- By Country

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           MEA Automotive Steering System Market Landscape

4.1         Market Overview

4.2         MEA PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinions

5.           MEA Automotive Steering System Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Stringent Fuel Efficiency Norms Driving Adoption of Advanced Automotive Steering Systems

5.1.2        Increased Trend for Electrification in Vehicles

5.2         Market Restraints

5.3         Market Opportunities

5.3.1        Amalgamation of Technologically Advanced EPS Systems in Commercial Vehicles

5.4         Future Trends

5.4.1        Growth in Integration of EPS and Advanced Driver-Assistance Systems (ADAS)

5.5         Impact Analysis of Drivers and Restraints

6.           Automotive Steering System Market -MEA Analysis

6.1         MEA Automotive Steering System Market Overview

6.2         MEA Automotive Steering System Market –Revenue and Forecast to 2028 (US$ Million)

7.           MEA Automotive Steering System Market Analysis – By Type

7.1         Overview

7.2         MEA Automotive Steering System Market Revenue Breakdown, By Type, 2020 and 2028

7.3         Electronic Power Steering

7.3.1        Overview

7.3.2        Electronic Power Steering: Automotive Steering System Market- Revenue and Forecast to 2028 (US$ Million)

7.4         Hydraulic Power Steering

7.4.1        Overview Continue...

The research on the Middle East and Africa Automotive Steering System market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Middle East and Africa Automotive Steering System market on the basis of end user, product type, application, and demography for the forecast period 2020–2028. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Middle East and Africa Automotive Steering System market.

Contact US:
Business Market Insights
Phone: +442081254005
E-Mail ID: sales@businessmarketinsights.com
Web URL: https://www.businessmarketinsights.com/
LinkedIn URL: https://www.linkedin.com/company/business-market-insights/

About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics; Semiconductor; Aerospace; Defense; Automotive; Transportation; Energy; Power; Healthcare; Manufacturing; Construction; Food; Beverages; Chemicals; Materials; and Technology, Media; Telecommunications.

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 Middle East and Africa Automotive Steering System Market 2021 Ongoing Trends with Most Demanding Players JTEKT Corporation, Nexteer Automotive, NSK Ltd., Robert Bosch GmbH, The Mando Corporation, ThyssenKrupp AG, etc. here

News-ID: 2315973 • Views:

More Releases from Business Market Insights

Laser Hair Removal Market Accelerates as Innovation, Consumer Awareness, and Aesthetic Accessibility Shape Long-Term Industry Outlook
Laser Hair Removal Market Accelerates as Innovation, Consumer Awareness, and Aes …
The laser hair removal market is undergoing a transformative phase as evolving beauty standards, rapid technological innovation, and increasing preference for non-invasive aesthetic treatments continue to reshape the global personal care and dermatology landscape. Once considered a premium cosmetic procedure, laser hair removal is now becoming an integral part of modern grooming routines across diverse age groups and demographics. Driven by continuous improvements in laser technology, treatment comfort, and customization capabilities,
Veterinary Imaging Market Poised for Sustainable Growth Amid Rising Pet Humanization and Diagnostic Innovation
Veterinary Imaging Market Poised for Sustainable Growth Amid Rising Pet Humaniza …
The Global Veterinary Imaging Market continues its trajectory of steady, innovation-led expansion, fueled by rising adoption of advanced diagnostic solutions, deepening pet humanization trends, and escalating veterinary healthcare awareness worldwide. With significant developments reported in both technology adoption and service delivery, the veterinary imaging landscape is advancing to meet growing demand for higher diagnostic precision, faster clinical decision-making, and improved animal patient outcomes. Veterinary imaging solutions - spanning X-ray, ultrasound,
Smart Lighting Market to Skyrocket to US$101.54 Billion by 2033 from US$18.05 Billion in 2025 at 24.10% CAGR
Smart Lighting Market to Skyrocket to US$101.54 Billion by 2033 from US$18.05 Bi …
The Smart Lighting Market is transforming everyday spaces into energy-efficient havens, powered by IoT, AI, and wireless controls that adapt to user needs and environments. Homeowners and businesses alike are discovering how connected bulbs and fixtures enhance ambiance while slashing energy use. The Smart Lighting Market size is expected to reach US$ 101.54 billion by 2033 from US$ 18.05 billion in 2025. The market is estimated to record a CAGR
Network Switches Market Analysis: US$ 61.78 Billion Projection by 2033 at 6.8% Growth
Network Switches Market Analysis: US$ 61.78 Billion Projection by 2033 at 6.8% G …
The Network Switches Market stands at the heart of digital transformation, powering seamless connectivity for enterprises embracing cloud computing, 5G, and IoT ecosystems. As businesses worldwide prioritize agile, secure networks, innovations in software-defined networking and high-speed Ethernet drive the evolution of this vital infrastructure. Check valuable insights in the Network Switches Market report. You can easily get a sample PDF of the report - https://www.businessmarketinsights.com/sample/BMIPUB00032458?utm_source=OpenPr&utm_medium=10457 ​ Executive Summary and Global Market Analysis: Network

All 5 Releases


More Releases for Steering

Key Trend Reshaping the Automotive Steering System Market in 2025: Innovative Hi …
What market dynamics are playing a key role in accelerating the growth of the automotive steering system market? The surge in the need for fuel-efficient cars is forecasted to propel the evolution of the automotive steering system industry. Vehicles which maximize mileage in relation to fuel usage are advancing in popularity, generally due to technological progress and engineering innovations that lessen the need for fuel. There's a heightened recognition of the
Electric Power Steering Market: Steering the Automotive Industry Towards Innovat …
Electric Power Steering Market size was valued at USD 24.5 Bn. in 2021 and the total revenue is expected to grow at 5.7% of CAGR through 2022 to 2029, reaching nearly USD 38.17 Bn. Electric Power Steering Market Overview: The Electric Power Steering (EPS) Market achieved a remarkable valuation of US$ 24.5 billion in 2021, marking a significant milestone. Forecasts predict a robust Compound Annual Growth Rate (CAGR) of 5.7% through 2022
Electric Power Steering System (EPS) Market: An Analysis of Demand and Supply in …
Electric Power Steering System (EPS) Market 2023 Forecast: Unveiling Opportunities and Growth Global "Electric Power Steering System (EPS) Market" is an exploration report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. These bits of knowledge offered in the Electric Power Steering System (EPS) Market report would benefit request players
Automotive Steering System Market : Electronic Power Steering, and Electro-Hydra …
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. Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/2317 Electronic power steering segment to retain dominance through forecast period The electronic power steering (EPS) segment occupied more than three-fifths of the
Automotive Steering System Market : Hydraulic Power Steering, Electronic Power S …
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. The growth of the global automotive steering system market is driven by rise in disposable income of consumers and increase in demand for power steering systems in automotive due to their enhanced comfort and fuel efficiency, which ensure effortless driving
India Automotive Steering System Market : Steering Gear, Power Steering Hoses, P …
The India automotive steering system market was valued at $4.68 billion in 2017, and is projected to reach $10.04 billion by 2026, growing at a CAGR of 9.0% from 2019 to 2026. Rise in demand for motor vehicles and increase in adoption of power steering systems fuel the growth of the India automotive steering system market. On the other hand, high cost associated with power steering systems and low penetration of