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Global Market Study: Automotive Steering System Market 2017-2022 Forecasted

03-29-2018 02:32 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR



FACT.MR has been actively involved in offering comprehensive research data concerning various topics which are associated to industrial reference and investor utility. This particular research report titled “Automotive Steering System Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” has been added to the wide online database of FACT.MR which discusses the present as well as future market scenario. Readers can access knowledge related to market volume, regional expanse as well as competitive landscape prevailing in the global automotive steering system market. In order to study development patterns, this smart assessment also focuses on market dynamics, which talks about drivers, restraints and opportunities estimated to influence the concerned market during the period until 2017 to 2022.

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Table of Content

Chapter 1. Global Automotive Steering System Market - Executive Summary. 12

Chapter 2. Global Automotive Steering System Market Overview. 14
2.1. Introduction. 14
       2.1.1. Global Automotive Steering System Market Taxonomy. 14
       2.1.2. Global Automotive Steering System Market Definition. 14
2.2. Global Automotive Steering System Market Size (US$ Mn) and Forecast, 2012-2022. 14
       2.2.1. Global Automotive Steering System Market Y-o-Y Growth. 14
2.3. Global Automotive Steering System Market Dynamics. 15
       2.3.1. Drivers. 15
       2.3.2. Restraints. 15
       2.3.3. Trends. 15
2.4. Supply Chain. 16
2.5. Cost Structure. 16
2.6. Key Participants Market Presence (Intensity Map) By Region. 17

Chapter 3. Global Automotive Steering System Market Analysis and Forecast By Product Type. 18
3.1. Global Automotive Steering System Market Size and Forecast By Product Type, 2012-2022. 18
       3.1.1. Electrically Powered Steering (  EPS) Automotive Steering System Market Size and Forecast, 2012-2022. 18
       Revenue (US$ Mn) Comparison, By Region. 18
       Market Share Comparison, By Region. 20
       Y-o-Y growth Comparison, By Region. 20
       3.1.2. Manual Automotive Steering System Market Size and Forecast, 2012-2022. 21
       Revenue (US$ Mn) Comparison, By Region. 21
       Market Share Comparison, By Region. 23
       Y-o-Y growth Comparison, By Region. 23
       3.1.3. Hydraulic Power Steering ( HPS) Automotive Steering System Market Size and Forecast, 2012-2022. 24
       Revenue (US$ Mn) Comparison, By Region. 24
       Market Share Comparison, By Region. 26
       Y-o-Y growth Comparison, By Region. 26
       3.1.4. Electro-Hydraulic Power Steering (E HPS) Automotive Steering System Market Size and Forecast, 2012-2022. 27
       Revenue (US$ Mn) Comparison, By Region. 27
       Market Share Comparison, By Region. 29
       Y-o-Y growth Comparison, By Region. 30

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Key Reports Insights:

1- In 2017, the Asia-Pacific excluding Japan (APEJ) region will be dominating the global automotive steering system market in terms of revenue. By the end of 2022, the APEJ automotive steering system market will have reached an estimated value of US$ 14.2 Bn.

2- Europe’s automotive steering system market, on the other hand, is anticipated to record revenue growth at steady CAGR during the forecast period.

3- In US and Canada, automotive steering system sales are expected to bring in US$ 7 Bn by the end of 2017.

4- Demand for electric power steering (EPS) systems is currently gaining traction. In 2017, more than US$ 12 Bn global revenues will be accounted by sales of EPS systems. Manual steering systems will lose their market presence towards the end of forecast period, recording a sluggish revenue growth at moderate CAGR.

5- By the end of 2022, more than US$ 23 Bn revenues will be accounted by sales of automotive steering systems in passenger cars across the globe. The demand for automotive steering system in other vehicle types will also be prominent, but passenger cars will be at the forefront of global automotive steering system market contribution.

6- The report expects that majority of automotive steering system sold in the world will be through OEMs. The incidence of replacing steering systems is rare, thereby lowering the presence of aftermarkets in global sales of automotive steering systems. Between 2017 and 2022, the global market for automotive steering system will witness an significant increment through sales accounted by OEMs.

7- The report has profiled leading manufacturers of automotive steering systems in the global market, which include ZF Friedrichshafen AG, JTEKT Corporation, Nexteer Automotive Group Limited, ThyssenKrupp AG, NSK Ltd., Hyundai Mobis Co. Ltd., Mitsubishi Electric Corporation, China Automotive Systems, Inc., Robert Bosch Limited and Sona Koyo Steering Systems Limited. 


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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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