Press release
Turning the Wheel of Progress : Automotive Steering System Market Size Aims to Hit $45,349.8 Million by 2025 | AMR
Automotive Steering System Market Trend
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/2317
The market is primarily driven by the increase in demand for automotive owing to rise in disposable income of consumers. In addition, the adoption of power steering system in vehicles is responsible for the growth of this market. The effective steering system is accountable for increase in fuel efficiency of vehicle. Hence, the increase in demand for fuel efficient vehicle results in increase in requirement of steering system. Also, the consumers prefer driving comfort in their vehicles, which includes the effortless driving and maneuverability of the vehicle.
The driving comfort is achieved by using effective steering system resulting in increase in demand for steering system, thus boosting the growth of this market. However, the high cost associated with power steering system is anticipated to hamper the growth of the steering system market. The technology such as drive-by-wire is expected to be implemented in upcoming vehicles showing lucrative growth for this market in near future.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ - https://www.alliedmarketresearch.com/automotive-steering-system-market/purchase-options
At present, Asia-Pacific dominates the market, followed by Europe, North America, and LAMEA. U.S. dominated the global automotive steering system market in 2017, whereas Mexico is expected to size grow at a significant rate in North America during the forecast period.
๐๐ข๐ฌ๐ญ ๐๐ ๐๐๐ฒ ๐๐จ๐ฆ๐จ๐ฉ๐๐ง๐ข๐๐ฌ;
China Automotive Systems Inc.,
JTEKT Corporation,
Nexteer Automotive,
Mando Corporation,
ThyssenKrupp Presta AG,
Robert Bosch Automotive Steering GmbH,
Showa Corporation,
NSK Ltd,
Mitsubishi Electric Corporation,
Sona Koyo Steering Systems Ltd.,
Hyundai Mobis Co. Ltd.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/2317
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ญ๐๐๐ซ๐ข๐ง๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ ๐๐๐ซ๐ค๐๐ญ:
โก๏ธThe electronic power steering segment in steering type generated the highest revenue in 2017.
โก๏ธIn 2017, the passenger vehicle segment was the highest revenue contributor in the vehicle type category.
โก๏ธEurope is anticipated to exhibit the highest CAGR during the forecast period.
๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ :-
https://www.alliedmarketresearch.com/passenger-car-accessories-aftermarket-market-A06108
https://www.alliedmarketresearch.com/automotive-head-up-display-market
https://www.alliedmarketresearch.com/automotive-backup-camera-market
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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