Steering is the connection point between car and driver. It 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 and is expected to register a significant growth of 6% in the next six years.
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.
Scope of the report
This study provides an overview of the Automotive steering system industry, tracking market segments across the categorized five geographic regions. The report provides a six-year forecast for the market size in terms of value for North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The scope of the study segments the Automotive steering system market based on Vehicle Type, Steering System, Components, & End market.
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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),
- Thyssenkrupp Presta AG Aktiengesellschaft (U.S.).
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.
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Table of Content
1.1 Definition 11
1.2 Scope Of The Study 11
1.3 Assumptions 11
1.4 Market Structure 12
2 Research Methodology
2.1 Research Process 13
2.2 Primary Research 14
2.3 Secondary Research 14
2.4 Market Size Estimation 14
2.5 Forecast Model 16
3 Market Dynamics
3.1 Drivers 17
3.1.1 Booming Automotive Industry 17
3.1.2 Cut Throat Competition In The Automotive Industry 18
3.2 Restraints 18
3.2.1 Capital Intensive Market 18
Table 1 Global Automotive Steering Systems Market, By Vehicle Type, 2014-2023
Table 2 Global Automotive Steering Systems Market, By Components, 2014-2023
Table 3 Global Automotive Steering Systems Market, By Region, 2014-2023
Table 4 North America: Automotive Steering Systems Market, By Country, 2014-2023
Table 5 North America: Automotive Steering Systems Market, By Vehicle Type, 2014-2023
Table 6 North America: Automotive Steering Systems Market, By Components, 2014-2023
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