Automotive Steering System Market

Automotive Steering System Market by Technology (HPS, EHPS, EPS), EPS Type (R-EPS, C-EPS, P-EPS), Pinion (Single, Dual), Mechanism (Collapsible, Rigid), Components (OE, Aftermarket), Vehicle (PC, LCV, HCV, EV, OHV) and Region - Global Forecast to 2027

Report Code: AT 2510 Feb, 2023, by marketsandmarkets.com

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The Automotive Steering System market is projected to grow from $35.3 billion in 2022 to $39.5 billion by 2027, at a CAGR of 2.3% over the forecast period. With emissions standards becoming more stringent automotive electrification is imminent. The rapid adoption of Electric Vehicles (EVs) worldwide creates a huge demand for Electrical Power Steering (EPS) and steer-by-wire steering systems. OEMs in the passenger car segment have almost entirely moved to EPS systems, with EPS systems for commercial vehicles at a very nascent stage. As more commercial EVs are introduced in the market, the demand for EPS in these vehicles will witness significant growth.

Automotive Steering System Market

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Automotive Steering System Market Dynamics

Driver: Increasing demand for Electrically assisted Hydraulic Power Steering (E-HPS) in commercial vehicles

Light and heavy commercial vehicles have been using hydraulic power steering for a long time. Commercial vehicles usually carry large volumes of goods for long distances in trailers and trucks. The long-distance hauling of goods often causes fatigue to drivers. Power steering helps to reduce driver fatigue by reducing the effort required to turn the heavy vehicle. This reduction in fatigue provides more comfort to drivers, enabling them to drive on long-haul freight routes. Lately, the hydraulic power steering systems have been upgraded by adding electronic components, thus leading to Electrically assisted Hydraulic Power Steering (E-HPS). The linking of the steering system with other electric components, such as sensors, brakes, batteries, and the vehicle control unit, enables innovative driver assistance systems to be implemented for increased safety and more comfort. In E-HPS, an oil circuit and a power cylinder provide hydraulic steering assistance for the steering wheel motions of the driver. The electric motor and worm gear give an additional turning moment to the input shaft parallel to the steering wheel's moment. Hence, the manual force needed for steering varies depending on the driving situation. The electric control unit receives the steering wheel signal, is applied by a sensor, and precisely provides the corresponding steering assist. The electronic system can learn from the driver’s driving pattern and add or subtract steering assist as required, thus increasing safety for heavy commercial vehicles. An indirect advantage of having improved safety in commercial vehicles is lower vehicle insurance costs, which can reduce the total overall ownership cost of the vehicle. Adding electric components and motors minimizes the load on the vehicle engine for the steering system operation, thus reducing fuel requirements and CO2 emissions. According to Infineon Technologies AG (Germany), E-HPS can reduce CO2 emissions ranging from 6 gm CO2/km to 11 gm CO2/km while increasing fuel efficiency by 0.9 to 1.2%. Thus, the combined advantage of reduced CO2 emissions, increased fuel efficiency, better driver comfort, and improved safety will likely drive the demand for E-HPS in commercial vehicles globally.

Restraint: Lack of electrically assisted power steering for the construction and mining equipment market

Most construction and mining equipment use articulated steering mechanisms, such as articulated dump trucks, motor graders, and wheeled loaders. In an articulated steering mechanism, the vehicle is divided into two parts and connected by a hydraulic mechanism that allows either car’s parts to turn while steering. Depending on the size, such as wheeled loaders, some equipment uses traditional steering mechanisms involving rack and pinions for steering functionality. Power steering in this equipment is normally provided via a hydraulic system where double-acting cylinders are used to move the vehicle's body. They usually come with an active self-compensating design. Electrically assisted hydraulic systems help reduce the engine load, thus reducing fuel requirements for the car and improving fuel efficiency. No electrically assisted steering mechanisms are available for construction and mining equipment. The forces required to turn construction or mining equipment range from 50kN to 100kN. These forces are challenging to achieve with an electric motor. This is restraining the automotive steering market, as any advancement in electrifying the steering mechanisms of construction and mining equipment will unlock a huge demand for automotive steering system OEMs.

Opportunities: Retreading of tires

Electric Power Steering (EPS) has become one of the key enablers of the Advanced Driver Assistance Systems (ADAS) that are now being rapidly adopted across vehicle segments globally. With the proliferation of ADAS, new and improved features related to steering assistance and steering safety can now be integrated into the EPS to enhance its reliability and functionality. Features such as parallel parking can help drivers to efficiently park their vehicles eliminating the hassle of parking through judgment. This feature will save fuel and time for the vehicle owner. Lane-keeping assist and Highway assist features can help the driver experience better driving on highways and make them feel more secure. Lane Keep Assist (LKA) feature takes data of the surroundings from sensors placed in the vehicle. It inputs them into the steering central computing chip, where the information is translated to the mechanical movement of the steering mechanism, which responds and corrects the lane position of the driver. ADAS systems can be developed to adapt to the driver’s driving pattern by taking inputs from the driver’s behavior of turning the steering wheel. They can potentially optimize steering designs on frequent routes to improve fuel efficiency and reduce time traveled from point A to point B. ADAS, coupled with EPS, will play a critical role in applications in autonomous mobility and connected cars.

Challenges: Low customer confidence in the adoption of steer-by-wire technology for autonomous mobility

Steer-by-Wire (SbW) technology is the next step in steering system innovation. In SbW, there are no mechanical linkages like the steering column, steering gear, and tie rods; instead, sensors and electric motors replace them to turn the vehicle's wheels during steering. When the driver turns the steering, the sensors and actuators assess the signal and turn the wheel accordingly. This elimination of mechanical linkage has raised a few concerns among customers regarding having control over the vehicle. In case of an emergency turn or swerving, the mechanical linkage is advantageous as the driver can maneuver the vehicle to safety. Any failure in electrical components or software assessment of the situation will put the driver at risk. When such incidents are looked at from an autonomous mobility lens, it becomes even more critical that there should not be room for error in the steering system components. Steer-by-wire steering systems are especially prone to cyber-attacks as they don’t have any physical linkages between the steering wheel and the turning mechanism, allowing hackers to take control of the vehicle and leave the driver stranded. Thus, including fail-safe mechanisms and high-reliability measures in the SbW becomes critical and challenging for steering system OEMs to instill confidence in customers willing to adopt autonomous vehicles.

Electronic components observe the fastest growth rate due to wide EPS adoption.

The steering wheel speed sensors are projected to register the highest CAGR. All the requirements of a modern car, like driving dynamics, driving safety, driving comfort, lower fuel consumption, and lower emissions, are based on the speed sensors data. The growth of this segment can be attributed to the increasing adoption of electronics in vehicles. The torque sensor is integrated with the steering angle sensor for better data accuracy fed to the ECU. The higher the quality of the data, the better the steering control. Since this sensor is sophisticated, it is mostly adopted in higher-end premium vehicle segments. Asia Pacific is expected to be the largest and fastest-growing region due to increased demand for SUVs and luxury cars in the emerging economies in the region. The demand for EPS and EHPS (electrically assisted hydraulic power steering) systems is influenced by the demand for electric motors since both these steering systems use electric motors. Thus, the demand for related electronics components will rise as more EPS is adopted.

Dual pinion segment to hold a majority share in the automotive steering system

The dual-pinion segment is estimated to lead the market by providing better fuel economy and steering feel. Dual pinion provides additional design flexibility to locate the motor and controller and assists the mechanism opposite the driver's side, reducing risks of leg injury in case of a collision. In addition, the increasing penetration of C and D vehicle segments is expected to drive the growth of the dual-pinion segment. Asia Pacific is estimated to be the largest market for dual-pinion steering systems. Dual pinion provides about 4 percent more fuel savings than conventional hydraulic steering systems. The growth of the dual-pinion segment can be attributed to the shift in customers' preference from compact cars to compact SUVs in countries such as China, Japan, and India. The strong presence of dual pinion manufacturers, such as JTEKT Corporation, NSK Ltd, and Showa Corporation, is also further expected to drive the market growth for dual pinion in this region.

Asia Pacific region to dominate the global Automotive Steering System market amongst other regions

The rapid adoption of EPS technology, especially in passenger cars and light commercial vehicles, owing to enhanced driving comfort and better fuel efficiency, is expected to drive market growth in China. China, an electronics manufacturing hub, has the advantage of faster adoption of EPS. In recent years, the Indian government has been focusing on emission norms and safety regulations, for example, the BS-VI emissions standards. This has pushed OEMs to opt for EPS technology over traditional Hydraulic Power Steering (HPS) technology. India is also witnessing high demand for EVs, boosting EPS systems' demand. The agricultural tractors segment will witness higher adoption of HPS over traditional manual steering, driving the demand for HPS in this sector. Japan has a high rate of automobile electrification owing to the innovative automotive companies moving towards lower-emission vehicles. The adoption of EPS in passenger cars and EHPS in commercial vehicles has witnessed high growth in recent years.

Asia Pacific is expected to be less affected by the recession when compared to their western counterparts. Due to the diminishing global production of vehicles due to the economic turndown, the growth rate in this region is expected to fall for the automotive steering system market.

Asia pacific: Automotive Steering System Market

Automotive Steering System Market Size, and Share

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Key Market Players

The Automotive Steering System Market is consolidated, with the presence of five major players JTEKT Corporation (Japan), Nexteer (US), Robert Bosch (Germany), Hyundai Mobis (South Korea), and NSK Ltd. (Japan).

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Scope of the Report

Report Metric

Details

Base Year for Estimation

2021

Forecast Period

2022–2027

Market Growth and Revenue Forecast

USD (Million/Billion)

Top Players

  • JTEKT Corporation (Japan)
  • Nexteer (US)
  • Robert Bosch (Germany)
  • ZF Friedrichshafen AG (Germany)
  • NSK Ltd. (Japan)

Fastest Growing Market

By EV Type, BEV

Largest Market

Asia Pacific

Segments Covered

 

By Technology

Hydraulic Power Steering,  Electrically assisted Hydraulic Power Steering, Electric Power Steering

By Component

Sensors, Steering Column, Mechanical Rack and Pinion, Electric Motor, ECU, Hydraulic Pump

By Off-Highway

Agricultural Tractors, Construction Equipment

By Electric Motor Type

Brushless, Brushed

By Application

PCs, LCVs, HCVs

By Electric Vehicle

BEV, PHEV, FCEV

By EPS Type

C-EPS, P-EPS, R-EPS

By EPS Mechanism

Collapsible, Rigid

By Pinion

Single, Dual

Aftermarket by component

Hydraulic pump, electric motor, steering column

By Region

Asia Pacific (China, India, Japan, South Korea), Europe (Germany, UK, France, Spain, Italy, Turkey, Russia, and Rest of Europe), North America (US, Canada, and Mexico), and Rest of the World (Brazil, South Africa)

Additional Customization to be offered

  • Vehicle Type segment at country level
  • EPS- Type segment at country level
  • Detailed analysis and profiling of additional market players (up to 5)
  • Detailed pricing analysis for each type of steering type

Recent Developments

  • In October 2022, Nexteer introduced a new EPS product with a platform design and an expandable electronic control system; mCEPS meets customers’ needs for an advanced, customizable, and cost-effective steering system that is flexible to customer packaging and other requirements.
  • In September 2022, Hyundai Mobis launched the Dual Actuator Rear Wheel Steering System. The system can reduce the turning radius by up to 25% and improve stability and comfort when the vehicle turns at high speed. It is expected to be useful, particularly on narrow roads and without parking spaces. Furthermore, the demand for rear-wheel steering systems is increasing in electric vehicles with an enlarged wheelbase.
  • In May 2022, NSK Ltd. and ThyssenKrupp AG signed a memorandum of understanding to explore a joint venture between NSK Steering and ThyssenKrupp Automotive. The steering businesses of both companies are highly complementary and synergetic in terms of product competencies, geographic footprints, and customer groups. It is expected the combined technological capabilities will enable the joint venture to meet the broad and highly technological needs better

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 42)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS AND EXCLUSIONS 
    1.4 MARKET SCOPE 
           FIGURE 1 MARKET SEGMENTATION: AUTOMOTIVE STEERING SYSTEM MARKET
           1.4.1 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED 
    1.6 SUMMARY OF CHANGES 
    1.7 LIMITATIONS 
    1.8 STAKEHOLDERS 
 
2 RESEARCH METHODOLOGY (Page No. - 47)
    2.1 RESEARCH DATA 
           FIGURE 2 AUTOMOTIVE STEERING SYSTEM MARKET: RESEARCH DESIGN
           FIGURE 3 RESEARCH DESIGN MODEL
    2.2 SECONDARY DATA 
           2.2.1 LIST OF KEY SECONDARY SOURCES
                    2.2.1.1 List of key secondary sources to estimate vehicle production
                    2.2.1.2 List of key secondary sources to estimate automotive steering system market
           2.2.2 KEY DATA FROM SECONDARY SOURCES
    2.3 PRIMARY DATA 
           FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
           2.3.1 LIST OF PRIMARY PARTICIPANTS
    2.4 MARKET SIZE ESTIMATION 
           FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
           2.4.1 BOTTOM-UP APPROACH
                    FIGURE 6 AUTOMOTIVE STEERING SYSTEM MARKET: BOTTOM-UP APPROACH
           2.4.2 TOP-DOWN APPROACH
                    FIGURE 7 AUTOMOTIVE STEERING SYSTEM MARKET BY TYPE: TOP-DOWN APPROACH
                    FIGURE 8 AUTOMOTIVE STEERING SYSTEM MARKET: RESEARCH DESIGN AND METHODOLOGY
           2.4.3 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES
           2.4.4 MARKET BREAKDOWN AND DATA TRIANGULATION
    2.5 DATA TRIANGULATION 
           FIGURE 9 MARKET BREAKDOWN AND DATA TRIANGULATION
    2.6 FACTOR ANALYSIS 
    2.7 RESEARCH ASSUMPTIONS 
    2.8 RESEARCH LIMITATIONS 
 
3 EXECUTIVE SUMMARY (Page No. - 60)
    FIGURE 10 PRE- & POST-RECESSION SCENARIO: AUTOMOTIVE STEERING SYSTEM MARKET, 2018–2027 (USD MILLION) 
    3.1 REPORT SUMMARY 
           FIGURE 11 AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022 VS. 2027 (USD MILLION)
 
4 PREMIUM INSIGHTS (Page No. - 63)
    4.1 FAST ADOPTION OF ELECTRIC VEHICLES TO DRIVE DEMAND FOR EPS IN AUTOMOTIVE STEERING SYSTEM MARKET 
           FIGURE 12 INCREASING CONSUMER PREFERENCE FOR DRIVING COMFORT TO DRIVE MARKET
    4.2 AUTOMOTIVE STEERING SYSTEM MARKET, BY COMPONENT 
           FIGURE 13 MECHANICAL RACK & PINIONS SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD
    4.3 AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY 
           FIGURE 14 EPS SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
    4.4 AUTOMOTIVE STEERING SYSTEM MARKET, BY VEHICLE TYPE 
           FIGURE 15 PASSENGER CARS TO SHOWCASE LARGEST DEMAND FOR STEERING SYSTEMS OVER NEXT FIVE YEARS
    4.5 AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE 
           FIGURE 16 C-EPS SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD
    4.6 AUTOMOTIVE STEERING SYSTEM AFTERMARKET, BY COMPONENT 
           FIGURE 17 ELECTRIC MOTORS SEGMENT TO LEAD AUTOMOTIVE STEERING SYSTEM AFTERMARKET DURING FORECAST PERIOD
    4.7 AUTOMOTIVE STEERING SYSTEM MARKET, BY MOTOR TYPE 
           FIGURE 18 BRUSHLESS DC MOTOR OFFERS SIGNIFICANTLY HIGHER EFFICIENCY AND BETTER PERFORMANCE THAN BRUSHED DC MOTOR
    4.8 AUTOMOTIVE STEERING SYSTEM MARKET, BY MECHANISM 
           FIGURE 19 INCREASING FOCUS ON DRIVER SAFETY LEADS TO INCREASED DEMAND FOR COLLAPSIBLE EPS
    4.9 AUTOMOTIVE STEERING SYSTEM MARKET, BY PINION TYPE 
           FIGURE 20 DUAL PINION STEERING SYSTEMS OFFER OPTIMIZED DRIVING EXPERIENCE AND DESIGN FLEXIBILITY
    4.10 AUTOMOTIVE STEERING SYSTEM MARKET, BY EV TYPE 
           FIGURE 21 INCREASING EV SALES TO DRIVE DEMAND FOR EPS BY EV TYPE
    4.11 AUTOMOTIVE STEERING SYSTEM MARKET, BY OFF-HIGHWAY 
                    FIGURE 22 HYDRAULIC STEERING INCREASES FUEL EFFICIENCY IN OFF-HIGHWAY SEGMENT
    4.12 AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION 
                    FIGURE 23 ASIA PACIFIC ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE IN 2022
 
5 MARKET OVERVIEW (Page No. - 69)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 24 AUTOMOTIVE STEERING SYSTEM MARKET: MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Stringent fuel emission norms and demand for lightweight systems
                               FIGURE 25 GLOBAL EMISSION REGULATIONS FOR LIGHT DUTY VEHICLES, BY COUNTRY, 2014–2025
                    5.2.1.2 Increasing demand for driving comfort in commercial vehicles
           5.2.2 RESTRAINTS
                    5.2.2.1 Limited load-bearing capacity of EPS systems
                               TABLE 1 STEERING RACK FORCE LIMIT, BY PASSENGER CAR SEGMENT
                    5.2.2.2 Lack of electrically assisted power steering for construction and mining equipment
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Adoption of steer-by-wire technology
                               FIGURE 26 ILLUSTRATIVE MODEL OF STEER-BY-WIRE TECHNOLOGY
                               FIGURE 27 PROS AND CONS OF STEER-BY-WIRE SYSTEMS
                    5.2.3.2 Integrating EPS with ADAS
           5.2.4 CHALLENGES
                    5.2.4.1 Cybersecurity concerns in EPS for connected cars
                    5.2.4.2 Low customer confidence in adopting steer-by-wire technology for autonomous mobility
    5.3 TRADE ANALYSIS 
           5.3.1 IMPORT DATA
                    5.3.1.1 US
                               TABLE 2 US: IMPORT SHARE, BY COUNTRY, VALUE (%)
                    5.3.1.2 Germany
                               TABLE 3 GERMANY: IMPORT SHARE, BY COUNTRY, VALUE (%)
                    5.3.1.3 Mexico
                               TABLE 4 MEXICO: IMPORT SHARE, BY COUNTRY, VALUE (%)
                    5.3.1.4 UK
                               TABLE 5 UK: IMPORT SHARE, BY COUNTRY, VALUE (%)
                    5.3.1.5 China
                               TABLE 6 CHINA: IMPORT SHARE, BY COUNTRY, VALUE (%)
           5.3.2 EXPORT DATA
                    5.3.2.1 UK
                               TABLE 7 UK: EXPORT SHARE, BY COUNTRY, VALUE (%)
                    5.3.2.2 China
                               TABLE 8 CHINA: EXPORT SHARE, BY COUNTRY, VALUE (%)
                    5.3.2.3 Canada
                               TABLE 9 CANADA: EXPORT SHARE, BY COUNTRY, VALUE (%)
                    5.3.2.4 US
                               TABLE 10 US: EXPORT SHARE, BY COUNTRY, VALUE (%)
                    5.3.2.5 Germany
                               TABLE 11 GERMANY: EXPORT SHARE, BY COUNTRY, VALUE (%)
    5.4 PORTER’S FIVE FORCES ANALYSIS 
           FIGURE 28 PORTER’S FIVE FORCES ANALYSIS: PRESENCE OF ESTABLISHED GLOBAL PLAYERS INCREASES DEGREE OF COMPETITION
           5.4.1 THREAT OF SUBSTITUTES
           5.4.2 THREAT OF NEW ENTRANTS
           5.4.3 BARGAINING POWER OF BUYERS
           5.4.4 BARGAINING POWER OF SUPPLIERS
           5.4.5 INTENSITY OF COMPETITIVE RIVALRY
           5.4.6 PORTER’S FIVE FORCES ANALYSIS
    5.5 RECESSION IMPACT ON ECONOMY 
           5.5.1 INTRODUCTION
           5.5.2 REGIONAL MACRO-ECONOMIC OVERVIEW
           5.5.3 ANALYSIS OF KEY ECONOMIC INDICATORS
                    TABLE 12 KEY ECONOMIC INDICATORS FOR SELECT COUNTRIES, 2021–2022
           5.5.4 ECONOMIC STAGFLATION (SLOWDOWN) VS. ECONOMIC RECESSION
                    5.5.4.1 Europe
                               TABLE 13 EUROPE: KEY ECONOMIC INDICATORS, 2021–2023
                    5.5.4.2 Asia Pacific
                               TABLE 14 ASIA PACIFIC: KEY ECONOMIC INDICATORS, 2021–2023
                    5.5.4.3 Americas
                               TABLE 15 AMERICAS: KEY ECONOMIC INDICATORS, 2021–2023
           5.5.5 ECONOMIC OUTLOOK/PROJECTIONS
                    TABLE 16 GDP GROWTH PROJECTIONS FOR KEY COUNTRIES, 2024–2027 (% GROWTH)
    5.6 RECESSION IMPACT ON AUTOMOTIVE SECTOR 
           5.6.1 ANALYSIS OF AUTOMOTIVE VEHICLE SALES
                    5.6.1.1 Europe
                               FIGURE 29 EUROPE: PASSENGER CAR AND LIGHT COMMERCIAL VEHICLE SALES, BY COUNTRY, 2021–2022 (UNITS)
                    5.6.1.2 Asia Pacific
                               FIGURE 30 ASIA PACIFIC: PASSENGER CAR AND LIGHT COMMERCIAL VEHICLE SALES, BY COUNTRY, 2021–2022 (UNITS)
                    5.6.1.3 Americas
                               FIGURE 31 AMERICAS: PASSENGER CAR AND LIGHT COMMERCIAL VEHICLE SALES, BY COUNTRY, 2021–2022 (UNITS)
           5.6.2 AUTOMOTIVE SALES OUTLOOK
                    FIGURE 32 EUROPE: PASSENGER CAR AND LIGHT COMMERCIAL VEHICLE PRODUCTION FORECAST, 2022 VS. 2027 (‘000 UNITS)
                    FIGURE 33 ASIA PACIFIC: PASSENGER CAR AND LIGHT COMMERCIAL VEHICLE PRODUCTION FORECAST, 2022 VS. 2027 (‘000 UNITS)
                    FIGURE 34 NORTH AMERICA: PASSENGER CAR AND LIGHT COMMERCIAL VEHICLE PRODUCTION FORECAST, 2022 VS. 2027 (‘000 UNITS)
    5.7 VALUE CHAIN: AUTOMOTIVE STEERING SYSTEM MARKET 
           FIGURE 35 VALUE CHAIN: AUTOMOTIVE STEERING SYSTEM MARKET
    5.8 SUPPLY CHAIN ANALYSIS 
    5.9 AUTOMOTIVE STEERING SYSTEM MARKET ECOSYSTEM 
           FIGURE 36 AUTOMOTIVE STEERING SYSTEM MARKET: ECOSYSTEM
    5.10 ROLE OF COMPANIES IN AUTOMOTIVE STEERING SYSTEM MARKET ECOSYSTEM 
           5.10.1 AUTOMOTIVE STEERING SYSTEM MARKET: SUPPLY CHAIN
    5.11 AVERAGE SELLING PRICE TREND 
                    TABLE 17 AVERAGE REGIONAL PRICE TREND: AUTOMOTIVE STEERING SYSTEM MARKET (USD/UNIT), 2022
                    TABLE 18 AVERAGE GLOBAL PRICE TREND: AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE (USD/UNIT), 2022
    5.12 PATENT ANALYSIS 
           5.12.1 APPLICATIONS AND PATENTS GRANTED, 2019–2022
    5.13 REVENUE SHIFT FOR AUTOMOTIVE STEERING SYSTEM MANUFACTURERS 
                    FIGURE 37 SHIFT OF FOCUS TOWARD ELECTRICALLY ASSISTED STEERING SYSTEMS
    5.14 TECHNOLOGY ANALYSIS 
           5.14.1 STOWABLE COLUMNS FOR AUTOMATED DRIVING AND ADDITIONAL COMFORT
           5.14.2 NEW STEERING TECHNOLOGY PROVIDING INTUITIVE DRIVING
           5.14.3 ADVANCED STEERING TECHNOLOGIES FOR SOFTWARE-DEFINED VEHICLES
    5.15 CASE STUDY ANALYSIS 
           5.15.1 FUTURE-PROOFING VEHICLE STEERING SYSTEMS
           5.15.2 PREDICT IN-VEHICLE E-POWER STEERING SOUND & VIBRATION PERFORMANCE
    5.16 KEY CONFERENCES AND EVENTS IN 2023 
           5.16.1 BUYING CRITERIA
                    FIGURE 38 KEY BUYING CRITERIA FOR DIFFERENT STEERING SYSTEM TECHNOLOGIES
                    TABLE 19 KEY BUYING CRITERIA FOR STEERING SYSTEM TECHNOLOGIES
           5.16.2 KEY STAKEHOLDERS IN BUYING PROCESS
                    TABLE 20 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR AUTOMOTIVE STEERING SYSTEM TECHNOLOGIES (%)
 
6 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 106)
    6.1 ASIA PACIFIC TO BE KEY MARKET FOR AUTOMOTIVE STEERING SYSTEMS 
    6.2 ELECTRICALLY ASSISTED POWER STEERING FOR HEAVY COMMERCIAL VEHICLES - KEY FOCUS AREA 
    6.3 CONCLUSION 
 
7 AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY (Page No. - 108)
Note - The chapter is further segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America, and Rest of the World
    7.1 INTRODUCTION 
           7.1.1 RESEARCH METHODOLOGY
           7.1.2 ASSUMPTIONS
           7.1.3 INDUSTRY INSIGHTS
                    FIGURE 39 AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022 VS. 2027 (USD MILLION)
                    TABLE 21 AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (THOUSAND UNITS)
                    TABLE 22 AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (THOUSAND UNITS)
                    TABLE 23 AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                    TABLE 24 AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
    7.2 HYDRAULIC POWER STEERING (HPS) 
           TABLE 25 HYDRAULIC POWER STEERING MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
           TABLE 26 HYDRAULIC POWER STEERING MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
           TABLE 27 HYDRAULIC POWER STEERING MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 28 HYDRAULIC POWER STEERING MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.3 ELECTRICALLY ASSISTED HYDRAULIC POWER STEERING (EHPS) 
           TABLE 29 ELECTRICALLY ASSISTED HYDRAULIC POWER STEERING MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
           TABLE 30 ELECTRICALLY ASSISTED HYDRAULIC POWER STEERING MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
           TABLE 31 ELECTRICALLY ASSISTED HYDRAULIC POWER STEERING MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 32 ELECTRICALLY ASSISTED HYDRAULIC POWER STEERING MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.4 ELECTRIC POWER STEERING (EPS) 
           TABLE 33 ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
           TABLE 34 ELECTRIC POWER STEERING MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
           TABLE 35 ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 36 ELECTRIC POWER STEERING MARKET, BY REGION, 2022–2027 (USD MILLION)
 
8 AUTOMOTIVE STEERING SYSTEM MARKET, BY VEHICLE TYPE (Page No. - 117)
Note - The chapter is further segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America, and Rest of the World
    8.1 INTRODUCTION 
           8.1.1 RESEARCH METHODOLOGY
           8.1.2 INDUSTRY INSIGHTS
           8.1.3 ASSUMPTIONS
                    FIGURE 40 AUTOMOTIVE STEERING SYSTEM MARKET, BY VEHICLE TYPE, 2022 VS. 2027 (USD MILLION)
                    TABLE 37 AUTOMOTIVE STEERING SYSTEM MARKET, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)
                    TABLE 38 AUTOMOTIVE STEERING SYSTEM MARKET, BY VEHICLE TYPE, 2022–2027 (THOUSAND UNITS)
                    TABLE 39 AUTOMOTIVE STEERING SYSTEM MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
                    TABLE 40 AUTOMOTIVE STEERING SYSTEM MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
    8.2 PASSENGER CARS 
           TABLE 41 PASSENGER CARS STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
           TABLE 42 PASSENGER CARS STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
           TABLE 43 PASSENGER CARS STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 44 PASSENGER CARS STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
    8.3 LIGHT COMMERCIAL VEHICLES (LCVS) 
           TABLE 45 LIGHT COMMERCIAL VEHICLES STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
           TABLE 46 LIGHT COMMERCIAL VEHICLES STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
           TABLE 47 LIGHT COMMERCIAL VEHICLES STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 48 LIGHT COMMERCIAL VEHICLES STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
    8.4 HEAVY COMMERCIAL VEHICLES (HCVS) 
           TABLE 49 HEAVY COMMERCIAL VEHICLES STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
           TABLE 50 HEAVY COMMERCIAL VEHICLES STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
           TABLE 51 HEAVY COMMERCIAL VEHICLES STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 52 HEAVY COMMERCIAL VEHICLES STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
 
9 OFF-HIGHWAY STEERING SYSTEM MARKET, BY EQUIPMENT TYPE (Page No. - 126)
Note - The chapter is further segmented by technology type. Technology considered are Manual Steering and HPS.
    9.1 INTRODUCTION 
           9.1.1 RESEARCH METHODOLOGY
           9.1.2 PRIMARY INDUSTRY INSIGHTS
           9.1.3 ASSUMPTIONS
                    FIGURE 41 OFF-HIGHWAY STEERING SYSTEM MARKET, BY EQUIPMENT TYPE, 2022 VS. 2027 (USD MILLION)
                    TABLE 53 OFF-HIGHWAY STEERING SYSTEM MARKET, BY EQUIPMENT TYPE, 2018–2021 (THOUSAND UNITS)
                    TABLE 54 OFF-HIGHWAY STEERING SYSTEM MARKET, BY EQUIPMENT TYPE, 2022–2027 (THOUSAND UNITS)
                    TABLE 55 OFF-HIGHWAY STEERING SYSTEM MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)
                    TABLE 56 OFF-HIGHWAY STEERING SYSTEM MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)
    9.2 AGRICULTURAL TRACTORS 
           TABLE 57 AGRICULTURAL TRACTORS: STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (THOUSAND UNITS)
           TABLE 58 AGRICULTURAL TRACTORS: STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (THOUSAND UNITS)
           TABLE 59 AGRICULTURAL TRACTORS: STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
           TABLE 60 AGRICULTURAL TRACTORS: STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
    9.3 CONSTRUCTION EQUIPMENT 
           TABLE 61 CONSTRUCTION EQUIPMENT: STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (THOUSAND UNITS)
           TABLE 62 CONSTRUCTION EQUIPMENT: STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (THOUSAND UNITS)
           TABLE 63 CONSTRUCTION EQUIPMENT: STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
           TABLE 64 CONSTRUCTION EQUIPMENT: STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
 
10 AUTOMOTIVE STEERING SYSTEM MARKET, BY COMPONENT (Page No. - 133)
Note - The chapter is further segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America, and Rest of the World
     10.1 INTRODUCTION 
             10.1.1 RESEARCH METHODOLOGY
             10.1.2 ASSUMPTIONS
             10.1.3 INDUSTRY INSIGHTS
                       FIGURE 42 AUTOMOTIVE STEERING SYSTEM MARKET, BY COMPONENT, 2022 VS. 2027 (USD MILLION)
                       TABLE 65 AUTOMOTIVE STEERING SYSTEM MARKET, BY COMPONENT, 2018–2021 (THOUSAND UNITS)
                       TABLE 66 AUTOMOTIVE STEERING SYSTEM MARKET, BY COMPONENT, 2022–2027 (THOUSAND UNITS)
                       TABLE 67 AUTOMOTIVE STEERING SYSTEM MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                       TABLE 68 AUTOMOTIVE STEERING SYSTEM MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
     10.2 HYDRAULIC PUMPS 
             10.2.1 HYDRAULIC PUMPS TO WITNESS DECLINING DEMAND OWING TO WIDER EPS ADOPTION
                       TABLE 69 HYDRAULIC PUMPS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
                       TABLE 70 HYDRAULIC PUMPS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
                       TABLE 71 HYDRAULIC PUMPS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 72 HYDRAULIC PUMPS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
     10.3 STEERING COLUMNS 
             10.3.1 ASIA PACIFIC TO BE LARGEST MARKET DUE TO INCREASED POWER STEERING ADOPTION
                       TABLE 73 STEERING COLUMNS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
                       TABLE 74 STEERING COLUMNS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
                       TABLE 75 STEERING COLUMNS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 76 STEERING COLUMNS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
     10.4 STEERING ANGLE SENSORS 
             10.4.1 GROWING ADOPTION OF EHPS AND EPS TO DRIVE STEERING ANGLE SENSOR DEMAND
                       TABLE 77 STEERING ANGLE SENSORS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
                       TABLE 78 STEERING ANGLE SENSORS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
                       TABLE 79 STEERING ANGLE SENSORS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 80 STEERING ANGLE SENSORS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
     10.5 TORQUE SENSORS 
             10.5.1 GROWING PREMIUM VEHICLE SEGMENT TO DRIVE TORQUE SENSOR DEMAND
                       TABLE 81 TORQUE SENSORS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
                       TABLE 82 TORQUE SENSORS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
                       TABLE 83 TORQUE SENSORS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 84 TORQUE SENSORS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
     10.6 ELECTRONIC CONTROL UNITS 
             10.6.1 RAPID ADOPTION OF ELECTRIC POWER STEERING TO DRIVE DEMAND FOR ELECTRONIC CONTROL UNITS
                       TABLE 85 ELECTRONIC CONTROL UNITS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
                       TABLE 86 ELECTRONIC CONTROL UNITS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
                       TABLE 87 ELECTRONIC CONTROL UNITS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 88 ELECTRONIC CONTROL UNITS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
     10.7 ELECTRIC MOTORS 
             10.7.1 ELECTRIFICATION OF STEERING SYSTEMS TO DRIVE DEMAND FOR ELECTRIC MOTORS
                       TABLE 89 ELECTRIC MOTORS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
                       TABLE 90 ELECTRIC MOTORS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
                       TABLE 91 ELECTRIC MOTORS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 92 ELECTRIC MOTORS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
     10.8 MECHANICAL RACKS AND PINIONS 
             10.8.1 EUROPE TO BE SECOND-LARGEST MARKET FOR STEERING RACK AND PINION ASSEMBLY
                       TABLE 93 MECHANICAL RACKS AND PINIONS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
                       TABLE 94 MECHANICAL RACKS AND PINIONS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
                       TABLE 95 MECHANICAL RACKS AND PINIONS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 96 MECHANICAL RACKS AND PINIONS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
     10.9 BEARINGS 
             10.9.1 DEMAND FOR BEARINGS TO BE HIGHEST IN ASIA PACIFIC
                       TABLE 97 BEARINGS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
                       TABLE 98 BEARINGS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
                       TABLE 99 BEARINGS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 100 BEARINGS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
 
11 ELECTRIC POWER STEERING MARKET, BY TYPE (Page No. - 151)
Note - The chapter is further segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America, and Rest of the World
     11.1 INTRODUCTION 
             11.1.1 RESEARCH METHODOLOGY
             11.1.2 ASSUMPTIONS
             11.1.3 INDUSTRY INSIGHTS
                       FIGURE 43 ELECTRIC POWER STEERING MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION)
                       TABLE 101 ELECTRIC POWER STEERING MARKET, BY TYPE, 2018–2021 (THOUSAND UNITS)
                       TABLE 102 ELECTRIC POWER STEERING MARKET, BY TYPE, 2022–2027 (THOUSAND UNITS)
                       TABLE 103 ELECTRIC POWER STEERING MARKET, BY TYPE, 2018–2021 (USD MILLION)
                       TABLE 104 ELECTRIC POWER STEERING MARKET, BY TYPE, 2022–2027 (USD MILLION)
     11.2 COLUMN-EPS (C-EPS) 
               TABLE 105 COLUMN-EPS MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
               TABLE 106 COLUMN-EPS MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
               TABLE 107 COLUMN-EPS MARKET, BY REGION, 2018–2021 (USD MILLION)
               TABLE 108 COLUMN-EPS MARKET, BY REGION, 2022–2027 (USD MILLION)
     11.3 PINION-EPS (P-EPS) 
               TABLE 109 PINION-EPS MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
               TABLE 110 PINION-EPS MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
               TABLE 111 PINION-EPS MARKET, BY REGION, 2018–2021 (USD MILLION)
               TABLE 112 PINION-EPS MARKET, BY REGION, 2022–2027 (USD MILLION)
     11.4 RACK-EPS (R-EPS) 
               TABLE 113 RACK-EPS MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
               TABLE 114 RACK-EPS MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
               TABLE 115 RACK-EPS MARKET, BY REGION, 2018–2021 (USD MILLION)
               TABLE 116 RACK-EPS MARKET, BY REGION, 2022–2027 (USD MILLION)
 
12 ELECTRIC POWER STEERING MARKET, BY ELECTRIC VEHICLE TYPE (Page No. - 159)
Note - The chapter is further segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America, and Rest of the World
     12.1 INTRODUCTION 
             12.1.1 RESEARCH METHODOLOGY
             12.1.2 PRIMARY INDUSTRY INSIGHTS
             12.1.3 ASSUMPTIONS
     12.2 ASIA PACIFIC 
     12.3 EUROPE 
     12.4 NORTH AMERICA 
               FIGURE 44 ELECTRIC POWER STEERING MARKET, BY ELECTRIC VEHICLE TYPE, 2022 VS. 2027 (USD MILLION)
               TABLE 117 ELECTRIC POWER STEERING MARKET, BY ELECTRIC VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)
               TABLE 118 ELECTRIC POWER STEERING MARKET, BY ELECTRIC VEHICLE TYPE, 2022–2027 (THOUSAND UNITS)
               TABLE 119 ELECTRIC POWER STEERING MARKET, BY ELECTRIC VEHICLE TYPE, 2018–2021 (USD MILLION)
               TABLE 120 ELECTRIC POWER STEERING MARKET, BY ELECTRIC VEHICLE TYPE, 2022–2027 (USD MILLION)
     12.5 BATTERY ELECTRIC VEHICLE (BEV) 
               TABLE 121 BEV STEERING MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
               TABLE 122 BEV STEERING MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
               TABLE 123 BEV STEERING MARKET, BY REGION, 2018–2021 (USD MILLION)
               TABLE 124 BEV STEERING MARKET, BY REGION, 2022–2027 (USD MILLION)
     12.6 PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV) 
               TABLE 125 PHEV STEERING MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
               TABLE 126 PHEV STEERING MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
               TABLE 127 PHEV STEERING MARKET, BY REGION, 2018–2021 (USD MILLION)
               TABLE 128 PHEV STEERING MARKET, BY REGION, 2022–2027 (USD MILLION)
     12.7 FUEL CELL ELECTRIC VEHICLE (FCEV) 
               TABLE 129 FCEV STEERING MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
               TABLE 130 FCEV STEERING MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
               TABLE 131 FCEV STEERING MARKET, BY REGION, 2018–2021 (USD MILLION)
               TABLE 132 FCEV STEERING MARKET, BY REGION, 2022–2027 (USD MILLION)
 
13 AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC MOTOR TYPE (Page No. - 170)
Note - The chapter is further segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America, and Rest of the World
     13.1 INTRODUCTION 
             13.1.1 RESEARCH METHODOLOGY
             13.1.2 ASSUMPTIONS
                       FIGURE 45 AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC MOTOR TYPE, 2022 VS. 2027 (USD MILLION)
                       TABLE 133 AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC MOTOR TYPE, 2018–2021 (THOUSAND UNITS)
                       TABLE 134 AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC MOTOR TYPE, 2022–2027 (THOUSAND UNITS)
                       TABLE 135 AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC MOTOR TYPE, 2018–2021 (USD MILLION)
                       TABLE 136 AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC MOTOR TYPE, 2022–2027 (USD MILLION)
     13.2 BRUSHED DC MOTOR 
               TABLE 137 BRUSHED DC MOTOR: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
               TABLE 138 BRUSHED DC MOTOR: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
               TABLE 139 BRUSHED DC MOTOR: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
               TABLE 140 BRUSHED DC MOTOR: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
     13.3 BRUSHLESS DC MOTOR 
               TABLE 141 BRUSHLESS DC MOTOR: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
               TABLE 142 BRUSHLESS DC MOTOR: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
               TABLE 143 BRUSHLESS DC MOTOR: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
               TABLE 144 BRUSHLESS DC MOTOR: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
 
14 AUTOMOTIVE STEERING SYSTEM MARKET, BY MECHANISM (Page No. - 177)
Note - The chapter is further segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America, and Rest of the World
     14.1 INTRODUCTION 
             14.1.1 RESEARCH METHODOLOGY
             14.1.2 ASSUMPTIONS
             14.1.3 INDUSTRY INSIGHTS
                       FIGURE 46 ELECTRIC POWER STEERING SYSTEM MARKET, BY MECHANISM, 2022 VS. 2027 (USD MILLION)
                       TABLE 145 ELECTRIC POWER STEERING SYSTEM MARKET, BY MECHANISM, 2018–2021 (THOUSAND UNITS)
                       TABLE 146 ELECTRIC POWER STEERING SYSTEM MARKET, BY MECHANISM, 2022–2027 (THOUSAND UNITS)
                       TABLE 147 ELECTRIC POWER STEERING SYSTEM MARKET, BY MECHANISM, 2018–2021 (USD MILLION)
                       TABLE 148 ELECTRIC POWER STEERING SYSTEM MARKET, BY MECHANISM, 2022–2027 (USD MILLION)
     14.2 COLLAPSIBLE EPS 
               TABLE 149 COLLAPSIBLE EPS MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
               TABLE 150 COLLAPSIBLE EPS MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
               TABLE 151 COLLAPSIBLE EPS MARKET, BY REGION, 2018–2021 (USD MILLION)
               TABLE 152 COLLAPSIBLE EPS MARKET, BY REGION, 2022–2027 (USD MILLION)
     14.3 RIGID EPS 
               TABLE 153 RIGID EPS MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
               TABLE 154 RIGID EPS MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
               TABLE 155 RIGID EPS MARKET, BY REGION, 2018–2021 (USD MILLION)
               TABLE 156 RIGID EPS MARKET, BY REGION, 2022–2027 (USD MILLION)
 
15 AUTOMOTIVE STEERING SYSTEM MARKET, BY PINION TYPE (Page No. - 184)
Note - The chapter is further segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America, and Rest of the World
     15.1 INTRODUCTION 
             15.1.1 RESEARCH METHODOLOGY
             15.1.2 ASSUMPTIONS
             15.1.3 INDUSTRY INSIGHTS
                       FIGURE 47 AUTOMOTIVE STEERING SYSTEM MARKET, BY PINION TYPE, 2022 VS. 2027 (USD MILLION)
                       TABLE 157 AUTOMOTIVE STEERING SYSTEM MARKET, BY PINION TYPE, 2018–2021 (THOUSAND UNITS)
                       TABLE 158 AUTOMOTIVE STEERING SYSTEM MARKET, BY PINION TYPE, 2022–2027 (THOUSAND UNITS)
                       TABLE 159 AUTOMOTIVE STEERING SYSTEM MARKET, BY PINION TYPE, 2018–2021 (USD MILLION)
                       TABLE 160 AUTOMOTIVE STEERING SYSTEM MARKET, BY PINION TYPE, 2022–2027 (USD MILLION)
     15.2 SINGLE PINION 
               TABLE 161 SINGLE PINION: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
               TABLE 162 SINGLE PINION: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
               TABLE 163 SINGLE PINION: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
               TABLE 164 SINGLE PINION: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
     15.3 DUAL PINION 
               TABLE 165 DUAL PINION: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
               TABLE 166 DUAL PINION: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
               TABLE 167 DUAL PINION: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
               TABLE 168 DUAL PINION: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
 
16 AUTOMOTIVE STEERING SYSTEM AFTERMARKET, BY COMPONENT (Page No. - 191)
Note - The chapter is further segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America, and Rest of the World
     16.1 INTRODUCTION 
             16.1.1 RESEARCH METHODOLOGY
             16.1.2 ASSUMPTIONS
             16.1.3 INDUSTRY INSIGHTS
                       FIGURE 48 AUTOMOTIVE STEERING SYSTEM AFTERMARKET, BY COMPONENT, 2022 VS. 2027 (USD MILLION)
                       TABLE 169 AUTOMOTIVE STEERING SYSTEM AFTERMARKET, BY COMPONENT, 2018–2021 (MILLION UNITS)
                       TABLE 170 AUTOMOTIVE STEERING SYSTEM AFTERMARKET, BY COMPONENT, 2022–2027 (MILLION UNITS)
                       TABLE 171 AUTOMOTIVE STEERING SYSTEM AFTERMARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                       TABLE 172 AUTOMOTIVE STEERING SYSTEM AFTERMARKET, BY COMPONENT, 2022–2027 (USD MILLION)
     16.2 HYDRAULIC PUMPS 
               TABLE 173 HYDRAULIC PUMPS AFTERMARKET, BY REGION, 2018–2021 (MILLION UNITS)
               TABLE 174 HYDRAULIC PUMPS AFTERMARKET, BY REGION, 2022–2027 (MILLION UNITS)
               TABLE 175 HYDRAULIC PUMPS AFTERMARKET, BY REGION, 2018–2021 (USD MILLION)
               TABLE 176 HYDRAULIC PUMPS AFTERMARKET, BY REGION, 2022–2027 (USD MILLION)
     16.3 STEERING COLUMNS 
               TABLE 177 STEERING COLUMNS AFTERMARKET, BY REGION, 2018–2021 (MILLION UNITS)
               TABLE 178 STEERING COLUMNS AFTERMARKET, BY REGION, 2022–2027 (MILLION UNITS)
               TABLE 179 STEERING COLUMNS AFTERMARKET, BY REGION, 2018–2021 (USD MILLION)
               TABLE 180 STEERING COLUMNS AFTERMARKET, BY REGION, 2022–2027 (USD MILLION)
     16.4 ELECTRIC MOTORS 
               TABLE 181 ELECTRIC MOTORS AFTERMARKET, BY REGION, 2018–2021 (MILLION UNITS)
               TABLE 182 ELECTRIC MOTORS AFTERMARKET, BY REGION, 2022–2027 (MILLION UNITS)
               TABLE 183 ELECTRIC MOTORS AFTERMARKET, BY REGION, 2018–2021 (USD MILLION)
               TABLE 184 ELECTRIC MOTORS AFTERMARKET, BY REGION, 2022–2027 (USD MILLION)
 
17 AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION (Page No. - 199)
Note – In this chapter each country is further segment by technology type. Technologies considered are HPS, EHPS, and EPS
     17.1 RESEARCH METHODOLOGY 
             17.1.1 ASSUMPTIONS
             17.1.2 INDUSTRY INSIGHTS
     17.2 INTRODUCTION 
               FIGURE 49 AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022 (USD MILLION)
               TABLE 185 AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
               TABLE 186 AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
               TABLE 187 AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)
               TABLE 188 AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)
     17.3 ASIA PACIFIC 
             17.3.1 RECESSION IMPACT
                       FIGURE 50 ASIA PACIFIC: AUTOMOTIVE STEERING SYSTEM MARKET SNAPSHOT
                       TABLE 189 ASIA PACIFIC: AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2018–2021 (THOUSAND UNITS)
                       TABLE 190 ASIA PACIFIC: AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2022–2027 (THOUSAND UNITS)
                       TABLE 191 ASIA PACIFIC: AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                       TABLE 192 ASIA PACIFIC: AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             17.3.2 CHINA
                       17.3.2.1 Rapid adoption of EVs to boost demand for EPS and EHPS across vehicle segments
                                   TABLE 193 CHINA: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (THOUSAND UNITS)
                                   TABLE 194 CHINA: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (THOUSAND UNITS)
                                   TABLE 195 CHINA: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 196 CHINA: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             17.3.3 INDIA
                       17.3.3.1 EPS to be dominant technology in passenger cars
                                   TABLE 197 INDIA: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (THOUSAND UNITS)
                                   TABLE 198 INDIA: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (THOUSAND UNITS)
                                   TABLE 199 INDIA: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 200 INDIA: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             17.3.4 JAPAN
                       17.3.4.1 Electrification of automotive vehicles to increase demand for EPS and EHPS systems
                                   TABLE 201 JAPAN: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (THOUSAND UNITS)
                                   TABLE 202 JAPAN: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (THOUSAND UNITS)
                                   TABLE 203 JAPAN: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 204 JAPAN: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             17.3.5 SOUTH KOREA
                       17.3.5.1 Growing electric vehicle sales in mid-level segment to drive demand for EPS technology
                                   TABLE 205 SOUTH KOREA: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (THOUSAND UNITS)
                                   TABLE 206 SOUTH KOREA: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (THOUSAND UNITS)
                                   TABLE 207 SOUTH KOREA: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 208 SOUTH KOREA: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             17.3.6 REST OF ASIA PACIFIC
                       TABLE 209 REST OF ASIA PACIFIC: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (THOUSAND UNITS)
                       TABLE 210 REST OF ASIA PACIFIC: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (THOUSAND UNITS)
                       TABLE 211 REST OF ASIA PACIFIC: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                       TABLE 212 REST OF ASIA PACIFIC: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
     17.4 EUROPE 
             17.4.1 RECESSION IMPACT
                       FIGURE 51 EUROPE: AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                       TABLE 213 EUROPE: AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2018–2021 (THOUSAND UNITS)
                       TABLE 214 EUROPE: AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2022–2027 (THOUSAND UNITS)
                       TABLE 215 EUROPE: AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                       TABLE 216 EUROPE: AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             17.4.2 GERMANY
                       17.4.2.1 EPS to be standard steering technology across passenger car segment
                                   TABLE 217 GERMANY: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (THOUSAND UNITS)
                                   TABLE 218 GERMANY: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (THOUSAND UNITS)
                                   TABLE 219 GERMANY: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 220 GERMANY: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             17.4.3 FRANCE
                       17.4.3.1 Increased penetration of luxury MPVs to drive demand for EPS technology
                                   TABLE 221 FRANCE: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (THOUSAND UNITS)
                                   TABLE 222 FRANCE: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (THOUSAND UNITS)
                                   TABLE 223 FRANCE: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 224 FRANCE: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             17.4.4 UK
                       17.4.4.1 Growing EV sales to drive demand for EHPS and EPS systems
                                   TABLE 225 UK: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (THOUSAND UNITS)
                                   TABLE 226 UK: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (THOUSAND UNITS)
                                   TABLE 227 UK: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 228 UK: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             17.4.5 ITALY
                       17.4.5.1 Increased manufacturing of premium and luxury vehicles to boost demand for EHPS and EPS systems
                                   TABLE 229 ITALY: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (THOUSAND UNITS)
                                   TABLE 230 ITALY: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (THOUSAND UNITS)
                                   TABLE 231 ITALY: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 232 ITALY: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             17.4.6 SPAIN
                       17.4.6.1 Growing LCV and MPV sales to drive demand for EPS technology
                                   TABLE 233 SPAIN: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (THOUSAND UNITS)
                                   TABLE 234 SPAIN: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (THOUSAND UNITS)
                                   TABLE 235 SPAIN: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 236 SPAIN: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             17.4.7 TURKEY
                       17.4.7.1 Growing LCV sales to drive demand for EHPS systems
                                   TABLE 237 TURKEY: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (THOUSAND UNITS)
                                   TABLE 238 TURKEY: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (THOUSAND UNITS)
                                   TABLE 239 TURKEY: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 240 TURKEY: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
     17.5 NORTH AMERICA 
             17.5.1 RECESSION IMPACT
                       FIGURE 52 NORTH AMERICA: AUTOMOTIVE STEERING SYSTEM MARKET SNAPSHOT
                       TABLE 241 NORTH AMERICA: AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2018–2021 (THOUSAND UNITS)
                       TABLE 242 NORTH AMERICA: AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2022–2027 (THOUSAND UNITS)
                       TABLE 243 NORTH AMERICA: AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                       TABLE 244 NORTH AMERICA: AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             17.5.2 US
                       17.5.2.1 Ease in steering effort to drive EPS demand in LCVs and HCVs
                                   TABLE 245 US: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (THOUSAND UNITS)
                                   TABLE 246 US: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (THOUSAND UNITS)
                                   TABLE 247 US: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 248 US: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             17.5.3 CANADA
                       17.5.3.1 LCVs to shift from EHPS to EPS technology in Canada
                                   TABLE 249 CANADA: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (THOUSAND UNITS)
                                   TABLE 250 CANADA: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (THOUSAND UNITS)
                                   TABLE 251 CANADA: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 252 CANADA: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             17.5.4 MEXICO
                       17.5.4.1 Growing economy and rising income levels to drive demand for EPS technology
                                   TABLE 253 MEXICO: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (THOUSAND UNITS)
                                   TABLE 254 MEXICO: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (THOUSAND UNITS)
                                   TABLE 255 MEXICO: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 256 MEXICO: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
     17.6 REST OF THE WORLD 
             17.6.1 RECESSION IMPACT
                       TABLE 257 REST OF THE WORLD: AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2018–2021 (THOUSAND UNITS)
                       TABLE 258 REST OF THE WORLD: AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2022–2027 (THOUSAND UNITS)
                       TABLE 259 REST OF THE WORLD: AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                       TABLE 260 REST OF THE WORLD: AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             17.6.2 BRAZIL
                       17.6.2.1 Fuel efficiency to drive demand for EPS in passenger cars
                                   TABLE 261 BRAZIL: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (THOUSAND UNITS)
                                   TABLE 262 BRAZIL: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (THOUSAND UNITS)
                                   TABLE 263 BRAZIL: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 264 BRAZIL: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             17.6.3 RUSSIA
                       17.6.3.1 HPS to witness slower demand from passenger car segment
                                   TABLE 265 RUSSIA: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (THOUSAND UNITS)
                                   TABLE 266 RUSSIA: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (THOUSAND UNITS)
                                   TABLE 267 RUSSIA: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 268 RUSSIA: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             17.6.4 SOUTH AFRICA
                       17.6.4.1 EPS to be fastest-growing steering technology in South Africa
                                   TABLE 269 SOUTH AFRICA: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (THOUSAND UNITS)
                                   TABLE 270 SOUTH AFRICA: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (THOUSAND UNITS)
                                   TABLE 271 SOUTH AFRICA: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                   TABLE 272 SOUTH AFRICA: AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
 
18 COMPETITIVE LANDSCAPE (Page No. - 236)
     18.1 OVERVIEW 
     18.2 AUTOMOTIVE STEERING SYSTEM MARKET SHARE ANALYSIS, 2021 
               TABLE 273 MARKET SHARE ANALYSIS, 2021
               FIGURE 53 AUTOMOTIVE STEERING SYSTEM MARKET SHARE ANALYSIS, 2021
               FIGURE 54 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS
     18.3 MARKET SHARE ANALYSIS OF STEERING SYSTEM COMPONENTS 
             18.3.1 AUTOMOTIVE STEERING SYSTEM MARKET SHARE ANALYSIS, 2021
                       18.3.1.1 Japan: Steering system market share analysis, 2021
                       18.3.1.2 China: Steering system market share analysis, 2021
                       18.3.1.3 Americas: Steering system market share analysis, 2021
                       18.3.1.4 ASEAN, India, South Korea: Steering system market share analysis, 2021
             18.3.2 STEERING COLUMNS/SHAFTS
                       18.3.2.1 Japan: Steering columns/shafts market share analysis, 2021
                       18.3.2.2 ASEAN, India, South Korea: Steering columns/shafts market share analysis, 2021
             18.3.3 STEERING KNUCKLES
                       18.3.3.1 Japan: Steering knuckles market share analysis, 2021
                       18.3.3.2 Thailand: Steering knuckles market share analysis, 2021
             18.3.4 STEERING WHEELS
                       18.3.4.1 Global: Steering wheels market share analysis, 2021
     18.4 COMPANY EVALUATION QUADRANT 
             18.4.1 STARS
             18.4.2 EMERGING LEADERS
             18.4.3 PERVASIVE PLAYERS
             18.4.4 PARTICIPANTS
                       FIGURE 55 COMPETITIVE EVALUATION MATRIX (AUTOMOTIVE STEERING SYSTEM MANUFACTURERS), 2021
                       TABLE 274 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENTS AND EXPANSIONS AS KEY GROWTH STRATEGIES, 2019–2022
     18.5 COMPETITIVE SCENARIO 
             18.5.1 NEW PRODUCT LAUNCHES
                       TABLE 275 PRODUCT LAUNCHES, 2019–2022
             18.5.2 DEALS
                       TABLE 276 DEALS, 2019–2022
             18.5.3 OTHER DEVELOPMENTS, 2019–2022
                       TABLE 277 OTHER DEVELOPMENTS, 2019–2022
     18.6 RIGHT TO WIN 
               TABLE 278 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENTS, PARTNERSHIPS, AND SUPPLY CONTRACTS AS KEY GROWTH STRATEGIES FROM 2019 TO 2022
     18.7 COMPETITIVE BENCHMARKING 
               TABLE 279 AUTOMOTIVE STEERING SYSTEM MARKET: DETAILED LIST OF KEY START-UPS/SMES
               TABLE 280 AUTOMOTIVE STEERING SYSTEM MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS
 
19 COMPANY PROFILES (Page No. - 254)
(Business overview, Products offered, Recent Developments, MNM view)*
     19.1 KEY PLAYERS 
             19.1.1 JTEKT CORPORATION
                       TABLE 281 JTEKT CORPORATION: BUSINESS OVERVIEW
                       FIGURE 56 COMPANY SNAPSHOT: JTEKT CORPORATION
                       TABLE 282 JTEKT CORPORATION: PRODUCTS OFFERED
                       TABLE 283 JTEKT CORPORATION: DEALS
                       TABLE 284 JTEKT CORPORATION: OTHER DEVELOPMENTS
             19.1.2 NEXTEER AUTOMOTIVE
                       TABLE 285 NEXTEER AUTOMOTIVE: BUSINESS OVERVIEW
                       FIGURE 57 COMPANY SNAPSHOT: NEXTEER AUTOMOTIVE
                       TABLE 286 NEXTEER AUTOMOTIVE: PRODUCTS OFFERED
                       TABLE 287 NEXTEER AUTOMOTIVE: NEW PRODUCT DEVELOPMENTS
                       TABLE 288 NEXTEER AUTOMOTIVE: OTHER DEVELOPMENTS
             19.1.3 ZF FRIEDRICHSHAFEN AG
                       TABLE 289 ZF FRIEDRICHSHAFEN AG: BUSINESS OVERVIEW
                       FIGURE 58 COMPANY SNAPSHOT: ZF FRIEDRICHSHAFEN AG
                       TABLE 290 ZF FRIEDRICHSHAFEN AG: PRODUCTS OFFERED
                       TABLE 291 ZF FRIEDRICHSHAFEN AG: DEALS
             19.1.4 ROBERT BOSCH
                       TABLE 292 ROBERT BOSCH: BUSINESS OVERVIEW
                       FIGURE 59 COMPANY SNAPSHOT: ROBERT BOSCH
                       TABLE 293 ROBERT BOSCH: PRODUCTS OFFERED
             19.1.5 NSK LTD.
                       TABLE 294 NSK LTD.: BUSINESS OVERVIEW
                       FIGURE 60 COMPANY SNAPSHOT: NSK LTD.
                       TABLE 295 NSK LTD.: PRODUCTS OFFERED
                       TABLE 296 NSK LTD.: NEW PRODUCT DEVELOPMENTS
                       TABLE 297 NSK LTD.: DEALS
             19.1.6 HYUNDAI MOBIS
                       TABLE 298 HYUNDAI MOBIS: BUSINESS OVERVIEW
                       FIGURE 61 COMPANY SNAPSHOT: HYUNDAI MOBIS
                       TABLE 299 HYUNDAI MOBIS: PRODUCTS OFFERED
                       TABLE 300 HYUNDAI MOBIS: NEW PRODUCT DEVELOPMENTS
                       TABLE 301 HYUNDAI MOBIS: DEALS
             19.1.7 HITACHI ASTEMO
                       TABLE 302 HITACHI ASTEMO: BUSINESS OVERVIEW
                       FIGURE 62 COMPANY SNAPSHOT: HITACHI ASTEMO
                       TABLE 303 HITACHI ASTEMO: PRODUCTS OFFERED
             19.1.8 THYSSENKRUPP
                       TABLE 304 THYSSENKRUPP: BUSINESS OVERVIEW
                       FIGURE 63 COMPANY SNAPSHOT: THYSSENKRUPP
                       TABLE 305 THYSSENKRUPP: PRODUCTS OFFERED
                       TABLE 306 THYSSENKRUPP: OTHER DEVELOPMENTS
             19.1.9 MITSUBISHI ELECTRIC
                       TABLE 307 MITSUBISHI ELECTRIC: BUSINESS OVERVIEW
                       FIGURE 64 COMPANY SNAPSHOT: MITSUBISHI ELECTRIC
                       TABLE 308 MITSUBISHI ELECTRIC: PRODUCTS OFFERED
             19.1.10 KYB CORPORATION
                       TABLE 309 KYB CORPORATION: BUSINESS OVERVIEW
                       FIGURE 65 COMPANY SNAPSHOT: KYB CORPORATION
                       TABLE 310 KYB CORPORATION: PRODUCTS OFFERED
             19.1.11 MANDO CORPORATION
                       TABLE 311 MANDO CORPORATION: BUSINESS OVERVIEW
                       FIGURE 66 COMPANY SNAPSHOT: MANDO CORPORATION
                       TABLE 312 MANDO CORPORATION: PRODUCTS OFFERED
                       TABLE 313 MANDO CORPORATION: DEALS
                       TABLE 314 MANDO CORPORATION: OTHER DEVELOPMENTS
             19.1.12 HYCET TECHNOLOGY CO., LTD.
                       TABLE 315 HYCET TECHNOLOGY CO., LTD.: BUSINESS OVERVIEW
                       TABLE 316 HYCET TECHNOLOGY CO., LTD.: PRODUCTS OFFERED
     19.2 OTHER PLAYERS 
             19.2.1 MAVAL INDUSTRIES
                       TABLE 317 MAVAL INDUSTRIES: BUSINESS OVERVIEW
             19.2.2 TENNECO
                       TABLE 318 TENNECO: BUSINESS OVERVIEW
             19.2.3 GSS STEERING SYSTEMS LLC
                       TABLE 319 GSS STEERING SYSTEMS LLC: BUSINESS OVERVIEW
             19.2.4 HELLA GMBH & CO. KGAA
                       TABLE 320 HELLA GMBH & CO. KGAA: BUSINESS OVERVIEW
             19.2.5 YUBEI POWER STEERING SYSTEM CO., LTD.
                       TABLE 321 YUBEI POWER STEERING SYSTEM CO., LTD.: BUSINESS OVERVIEW
             19.2.6 HUHEI HENGLONG AUTO SYSTEM GROUP
                       TABLE 322 HUHEI HENGLONG AUTO SYSTEM GROUP: BUSINESS OVERVIEW
             19.2.7 BORGWARNER
                       TABLE 323 BORGWARNER: BUSINESS OVERVIEW
             19.2.8 DENSO CORPORATION
                       TABLE 324 DENSO CORPORATION: BUSINESS OVERVIEW
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
 
20 APPENDIX (Page No. - 300)
     20.1 INSIGHTS FROM INDUSTRY EXPERTS 
     20.2 DISCUSSION GUIDE 
     20.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     20.4 CUSTOMIZATION OPTIONS 
     20.5 RELATED REPORTS 
     20.6 AUTHOR DETAILS 

The study involves four main activities to estimate the current size of the Automotive Steering System market.

  • Exhaustive secondary research was done to collect information on the market, such as components, EPS, By EV type, vehicle type, aftermarket, off-highway vehicles, technology, and region.
  • The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research.
  • Bottom-up and top-down approaches were employed to estimate the complete market size for different segments considered under this study.
  • Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.

Secondary Research

Secondary sources referred to for this research study include auto industry organizations (such as AEM); corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and automotive associations. The secondary data was collected and analyzed to arrive at the overall market size, which was further validated through primary research.

Primary Research

Extensive primary research was conducted after acquiring an understanding of the automotive steering system market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand (OEMs) and supply (automotive steering systems manufacturers) sides across the globe. Approximately 20% and 80%, respectively, of primary interviews were conducted from both the demand and supply sides. Primary data was collected through questionnaires, e-mails, and telephonic interviews.

After interacting with industry participants, brief sessions were also conducted with highly experienced independent consultants to reinforce the findings from the primaries. This, along with the in-house subject-matter experts’ opinions, has led to the findings as described in the remainder of the report.

Automotive Steering System Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

A detailed market estimation approach was followed to estimate and validate the automotive steering system market and other dependent submarkets, as mentioned below:

  • Key players in the automotive steering market were identified through secondary research, and their market share was determined through primary and secondary research.
  • The research methodology included the study of annual and quarterly financial reports & regulatory filings of major market players, as well as interviews with industry experts for detailed market insights.
  • All application-level penetration rates, percentage shares, splits, and breakdowns for the automotive steering system market were determined using secondary sources and verified through primary sources.
  • All key macro indicators affecting the revenue growth of the market segments and subsegments were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the validated and verified quantitative & qualitative data.
  • The gathered market data was consolidated and added with detailed inputs, analyzed, and presented in this report.

Automotive Steering System Market Size: Bottom-up Approach

Automotive Steering System Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Automotive Steering System Market Size: Top-Down Approach ( RIM Size)

Automotive Steering System Market Size, and Share

Report Objectives

  • To define, describe, and forecast the off-the-road (OTR) tires and retreading market with respect to individual growth trends and prospects and determine the contribution of each segment to the total market.
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the market with Porter’s five forces analysis, trade analysis, trends/disruptions impacting buyers, case studies,  patent analysis, supply chain analysis, market ecosystem, regulatory analysis, technology trend, and the COVID-19 impact on the Automotive Steering System market.
  • To analyze the impact of COVID-19 on the Automotive Steering System market.
  • To analyze the market share of leading players in the Automotive Steering System market and evaluate competitive leadership mapping.
  • To strategically analyze the key player strategies/right to win and company revenue analysis.
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To provide an analysis of recent developments, alliances, joint ventures, mergers & acquisitions, new product launches, and other activities carried out by key industry participants in the global Automotive Steering System market

Available Customizations

With the given market data, MarketsandMarkets offers customizations in accordance with the company’s specific needs

With the given market data, MarketsandMarkets offers customizations as per the specific needs of the companies. The following customization options are available for the report:

Country Information

  • Vehicle Type segment at country level
  • EPS- Type segment at country level

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

Pricing Analysis

  • Detailed pricing analysis for each type of steering type
Report Code
AT 2510
Published ON
Feb, 2023
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