Press release
Fuel Efficiency Norms to Boost Automotive Steering System Demand
Automotive Steering System Market
Browse across 72 market data Tables and 53 Figures spread over 228 Pages, along with in-depth analysis on Global Automotive Steering System Market by Vehicle Type, Type, & Geography.
This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.
Global Automotive Steering System Market Scenario
While the average fuel economy of automotive continues to advance, the progress rate has slowed in the past few years. The declining shares of diesel vehicles and increased demand for larger vehicles have led to this slowdown. Moreover, it reflects changes in the composition of light-duty vehicle sales worldwide, including surged sales in emerging economies and shits in developed nations. In this regard, countries that have set up fuel economy standards experienced faster developments than others. Additionally, these regulations have compelled OEMs to surge their fuel-efficient steering technologies like electric power steering. Therefore, these factors supplement the growth of the global automotive steering system market.
Conversely, autonomous cars depend on sensors, machine learning systems, and powerful processors to execute software. Autonomous vehicles create and identify their surroundings with the help of sensors. Thus, the evolution of autonomous features will lower the demand for steering systems as these vehicles would be self-driving, functioning mainly on sensors.
The Global Automotive Steering System Market report provides data tables and includes charts and graphs for visual analysis.
Request Free Sample Report for Global Automotive Steering System Market by Vehicle Type, Type, & Geography: https://inkwoodresearch.com/reports/automotive-steering-system-market/#request-free-sample
Market Segmentation
Market by Vehicle Type
• ICE
• Electric Vehicles
o FCEV (Fuel Cell Electric Vehicle)
o BEV (Battery Electric Vehicle)
o PHEV (Plug-In Hybrid Electric Vehicle)
o HEV (Hybrid Electric Vehicle)
Market by Type
• Electric Power Steering System
o Electric Power Steering System by Type
• Direct Drive Type (D-EPS)
• Column Assist Type (C-EPS)
• Pinion Assist Type (P-EPS)
• Rack Assist Type (R-EPS)
o Electric Power Steering System by Components
• Steering Motor
• Steering Rack/Column
• Sensor
• Other Component Types
o Electro-Hydraulic Power Steering System
o Steer By Wire
o Hydraulic Power Steering System
Report Highlights
- The report provides a detailed analysis of the current and future market trends to identify the investment opportunities
- Market forecasts till 2028, using estimated market values as the base numbers
- Key market trends across the business segments, regions, and countries
- Key developments and strategies observed in the market
- Market dynamics such as drivers, restraints, opportunities, and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2028
Companies Profiled
• NSK LTD
• MITSUBISHI ELECTRIC CORPORATION
• THYSSENKRUPP AG
• HONDA MOTOR CO LTD
• HITACHI ASTEMO LTD
• ZF FRIEDRICHSHAFEN AG
• JTEKT CORPORATION
• NEXTEER AUTOMOTIVE CORPORATION
• ROBERT BOSCH GMBH
• DENSO CORPORATION
• MANDO CORPORATION
• CHINA AUTOMOTIVE SYSTEMS INC
• HYUNDAI MOBIS CO LTD
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GLOBAL AUTOMOTIVE NAVIGATION SYSTEM MARKET - The global market automotive navigation system market is likely to showcase a growth rate of 9.95% over the forecasting years.
GLOBAL AUTOMOTIVE HEAD-UP DISPLAY MARKET - The global automotive head display market is anticipated to advance at a CAGR of 21.74% during the forecasted period.
GLOBAL AUTOMOTIVE BODY CONTROL MODULE MARKET - The global automotive body control market is set to observe a growth rate of 5.14% during the forecast years 2019-2027.
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