Press release
Automotive Steering Systems Market at 6% CAGR : Development, Trends, Segmentation and Forecast to 2022
Market Scenario
Steering is the connection point between car and driver. It provides control and the feel of the road and plays a key role in the vehicle’s personality and performance. Increasing demand for driving comfort & fuel efficient vehicle from the consumers are the primary driving factors of the Automotive steering system market. In addition, factors such as increasing vehicle production globally are also the driving factor for the Automotive steering system market. However high cost of system, restraint the Automotive Steering System Market.
Thus the Automotive Steering Systems market is expected to register a CAGR of about 6%.
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Segmentation of Automotive Steering Systems Market
Vehicle Type
• Heavy Commercial Vehicle
• Light Commercial Vehicle
• Passenger Vehicle
Steering system
• Manual
• Electrically Powered
• Electr-Hydraulic Powered
• Hydraulic Powered
Components
• Hydraulic pump
• Steering sensor & column
• Electric motor
End Market
• OEM
• Aftermarket
Region
• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa
Regional Analysis of Automotive Steering Systems Market
European region held the major share within the Automotive steering system Market European region is a major shareholder of the Automotive steering system market. Rising the production of technologically advanced vehicle has led this region in automotive steering system market.
Asia-Pacific region will show the fastest growth in forecast period because increasing automotive manufacturing activities and increasing eco-friendly initiatives in this region will increase the Automotive steering system market.
Intended Audience
• Automotive Steering Systems manufacturers
• Distributer & Supplier companies
• consultants and Investment bankers
• Government as well as Independent Regulatory Authorities
Key Players
The leading players in the Automotive Steering Systems markets are Mitsubishi Electric Corporation (Japan), TRW Automotive Holdings (U.S.), Sona Koyo Steering System Ltd. (India), JTEKT Corporation (Japan), Robert Bosch Automotive Steering Gmbh (Germany), Nexteer Automotive (U.S.), China Automotive System Inc. (China), and Thyssenkrupp Presta AG Aktiengesellschaft (U.S.).
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BRIEF TOC:
1. EXECUTIVE SUMMARY
2. RESEARCH METHODOLOGY
3. MARKET DYNAMICS
4. GLOBAL MARKET SEGMENTATION
5. REGIONAL MARKET ANALYSIS
6. COMPETITIVE ANALYSIS
7. CONCLUSION
8. LIST OF TABLES
9. LIST OF FIGURES
This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Global Automotive Steering Systems Market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
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About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for , regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Akash Anand,
Market Research Future
Pune – 411028
Maharashtra, India
Phone No. :+1 646 845 9312
Email: sales@marketresearchfuture.com
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Automotive steering system market is expected to grow with the CAGR of about 6% from 2016 to 2022. Due to increasing demand for the driving comfort & fuel efficient vehicle as well as increasing vehicle production globally will drive the Automotive steering system market.
Market Scenario
Steering is the connection point between car and driver. It provides control and the feel of the road and plays a key role in the vehicle’s…
