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 and is expected to register a significant growth of 6% in the next six years.
European region is a major shareholder of the Automotive steering system market. Asia-Pacific region is expected to grow at fastest pace during the forecast period.
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Key Players of Automotive Steering Systems Market:
- 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.)
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.
1.2 Scope of the Study
1.4 Market Structure
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Dynamics
3.1.1 Booming Automotive Industry
3.1.2 Cut throat competition in the Automotive Industry
3.2.1 Capital Intensive Market
4 Market Factor Analysis
4.1 Supply Chain Analysis
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Suppliers
4.2.3 Bargaining Power of Buyers
4.2.4 Threat of Substitutes
5 Global Automotive Steering Systems Market, By Vehicle Type
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