Global Automotive Steering Systems Market: Emerging Trends, Major Key Players Nexteer Automotive Group Limited and JTEKT Corporation

According to the report, The global Automotive Steering Systems market size is expected to grow from $ in 2020 to $ Million by 2028 growing at the CAGR of 4.7% from 2021 to 2028.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global AUTOMOTIVE STEERING SYSTEMS industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Automotive Steering Systems market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Automotive Steering Systems players holding highest market share include Nexteer Automotive Group Limited, JTEKT Corporation, Hyundai Mobis Co Ltd and Showa Corporation. These players use acquisitionas a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Nexteer Automotive Group Limited
• JTEKT Corporation
• Hyundai Mobis Co Ltd
• Showa Corporation
• NSK Ltd
• Robert Bosch

Segmental Analysis

Market Segment By Component with focus on market share, consumption trend, and growth rate of AUTOMOTIVE STEERING SYSTEMS Market:
o Hydraulic pump
o Steering column
o Steering wheel speed sensor
o Electric motor

Market Segment By Technology with focus on market share, consumption trend, and growth rate of AUTOMOTIVE STEERING SYSTEMS Market:
o Electric power steering (EPS)
o Electrically assisted hydraulic power steering (EHPS)
o Hydraulic power steering (HPS)

Market Segment By Type with a focus on market share, consumption trend, and growth rate of AUTOMOTIVE STEERING SYSTEMS Market:
o Column-EPS (C-EPS)
o Pinion-EPS (P-EPS)
o Rack-EPS (R-EPS)

Market Segment By Vehicle Type with a focus on market share, consumption trend, and growth rate of AUTOMOTIVE STEERING SYSTEMS Market:
o Passenger car (PC)
o Light commercial vehicle (LCV)
o Heavy commercial vehicle (HCV)

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Global Automotive Steering Systems Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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