Press release
Automotive Steering System Market Insights, Forecast to 2031 - JTEKT Corporation, Nexteer Automotive, NSK Ltd & Robert Bosch GmBH.
Automotive Steering System Market || 2024-2031
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The Automotive Steering System market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.
Automotive steering system refers to the mechanical and electronic components that allow a driver to control the direction of a vehicle. This system includes various elements such as the steering wheel, steering column, rack and pinion or recirculating ball mechanism, and linkages that connect to the vehicle's wheels. The steering system can be categorized into two main types: manual steering, which relies on physical effort from the driver to turn the wheels, and power steering, which uses hydraulic or electric assistance to reduce the effort needed for steering. Modern advancements have also led to the development of steer-by-wire systems, where traditional mechanical linkages are replaced by electronic controls, enhancing precision and response. Overall, the steering system plays a critical role in vehicle handling, safety, and driver comfort.
Key Developments:
✫ In October 2020, Nexteer Automotive introduced the High-Output Electric Power Steering (EPS) system, designed specifically for light commercial vehicles. This innovative steering system incorporates advanced comfort and safety features, enhancing the driving experience and improving vehicle handling.
Forecast Growth Projected:
The Global Automotive Steering System Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
List of the Key Players in the Automotive Steering System Market:
JTEKT Corporation, Nexteer Automotive, NSK Ltd., Robert Bosch GmBH, Thyssenkrupp AG, ZF Friedrichshafen AG, Showa Corporation, Hyundai Mobis, Mando Corporation, China Automotive Systems, Inc.
Segment Covered in the Automotive Steering System Market:
By Component: Hydraulic Pump, Steering Column, Speed Sensor, Electric Sensor.
By Technology: Hydraulic Power Steering (HPS), Electrically Assisted Hydraulic Power Steering (EHPS), Electric Power Steering (EPS).
By Pinion Type: Single, Dual.
By Vehicle Type: Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles.
Regional Analysis:
The global Automotive Steering System Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
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Regional Analysis:
The global Automotive Steering System Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Automotive Steering System Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Automotive Steering System manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Automotive Steering System in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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