Press release
Automotive Adjustable Steering System Market 2022 – Industry Analysis, Segments, Value Chain and Key Trends 2027- DENSO Corp., JTEKT Corp., Nexteer Automotive Corp
The Automotive Adjustable Steering System Market Report includes data on main key players, geography, segmentation, competitor analysis, sales, revenue, price, market share, types, and applications, as well as a forecast for the years 2022-2027. To better understand future demand and outlook for the global industry, the Automotive Adjustable Steering System Market research offers an in-depth examination of growth factors, market definition, manufacturers, market potential, and influencing trends. This research analysis includes well-explained SWOT analysis, revenue distribution, and contact information. It also gives market development and capacity data.The Automotive Adjustable Steering System Market is expected to register a CAGR of 4.8% over the forecast period 2022 – 2027.
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Top companies operating in the Global Automotive Adjustable Steering System market profiled in the report are:
DENSO Corp., JTEKT Corp., Nexteer Automotive Corp., NSK Ltd., Robert Bosch GmbH
Industry News:
In September 2017, JTEKT Corporation established JTEKT Automotive Morocco SaS (JAMO), its first manufacturing site in Morocco, and in September 2018, it started construction on the plant. The plant is scheduled to begin mass production in 2020 and has an annual production capacity of 230,000 electric power steering systems. The plant may become the company's new supply base for mainly the Moroccan and the North African market.
Nexteer and Dongfeng Components' joint venture began steering systems production, and the start-of-production of the joint venture indicated an increasing alignment between the two companies. It may be more focused on serving customers, such as Dongfeng Motor Group, and may lay the foundation for Nexteer's strategy for long-term profitable growth.
In December 2019, Bosch expanded its range of hydraulic steering systems, including additional components that ease the installation of steering systems, at automotive workshops.
Market Segmentation by Types covers:
Manually adjustable steering
Electrically adjustable steering
Market Segmentation by Applications covers:
Luxury Automotive
Ordinary Automotive
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Growth Mapping
The main aim of the Automotive Adjustable Steering System Market report is to supply a growth map through which the corporate can calculate the profits. The report aims to strategically analyze the Market with respect to individual growth trends, prospects, and their contribution to the market. It includes the primary vendor's corporate profile as well as a thorough analysis of their core strengths. In addition, the research monitors and analyses competitive changes in the Automotive Adjustable Steering System Market, such as partnerships, collaborations, acquisitions, new product launches, and R&D activities.
Europe holds a significant share in the Market:
The electric vehicle market has been rapidly growing across the world. For instance, in Europe, electric vehicle sales increased by 37% in 2018, as compared to that of 2017. Additionally, several governments across the world have formulated various policies, incentives, and projects to support the usage of electric vehicles.
By 2027, nearly 4% of the new car sales and 7% of the global car fleet are expected to be electric. With the growing electric vehicle sales, the deployment rate of lightweight steering systems (like electric power steering (EPS)) is expected to see a potential demand during the forecast period. The automotive industry is the largest industry sector in the country. In 2018, the automotive industry accounted for nearly 20% of the total German industry revenue.
Regional Analysis for Automotive Adjustable Steering System Market:
North America, Latin America, Asia-Pacific, Africa, Europe, and others have been studied at length based on various parameters of businesses such as type, size, application, and end-users. The global Automotive Adjustable Steering System Market is presented for niche reading. The report presents portfolios of different strategies and the best practices governing businesses. Some applicable sales methodologies have been included in this research report, that could influence business output.
The Latest Industry Data Included in the Automotive Adjustable Steering System Market Report:
-Global Automotive Adjustable Steering System Market Size & Analysis (2022-2027)
-Market Share Analysis of Global Automotive Adjustable Steering System Market (%), 2022-2027
-Global Market Share, By Brand
-Global Market Share, By Company
-Global Automotive Adjustable Steering System Market Assessment & Opportunity (Value), 2022-2027
-Major Companies Automotive Adjustable Steering System Market Value Analysis & Forecast
-Promising Development by Major Companies
-Detailed Portfolio of the Major Companies
-Major Deals in the Global Automotive Adjustable Steering System Market
-Major Companies Analysis
Objectives of the Report:
To profile leading players and present their market shares and key competitors.
The expected growth of the Automotive Adjustable Steering System Market by USD million by the end of 2027 is given in the report.
To summarize the current trends in the Automotive Adjustable Steering System Market industry, future estimations, and opportunities for growth in the industry.
To collect and analyze relevant data which allows the market players to turn this valuable information into practical and clear business plans for the future.
To provide business strategies based on crucial market data.
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