Vehicle Production to Drive Automotive Steering System Market Growth

April 11 23:36 2022
Vehicle Production to Drive Automotive Steering System Market Growth
Automotive Steering System Market
According to a new market research report launched by Inkwood Research, the Global Automotive Steering System Market is expected to advance at a growth rate of 5.42% during the forecast period 2021-2028

Browse 72 market data Tables and 53 Figures spread over 228 Pages, along with in-depth analysis on the Global Automotive Steering System Market by Type, Vehicle Type, & by Geography.

This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.

Global Automotive Steering System Market Scenario

As per estimates, China is anticipated to the global production of automotive vehicles followed by Europe, North America, and other regions over the forecast period. Moreover, the production is anticipated to reach around 24.8 million units in China. Vehicle production in other regions is also expected to surge, leading to high demand for synthetic and natural rubber. This is expected to increase automotive production significantly, driving the growth of the automotive steering system market.

However, the cost of components used in vehicle production has surged significantly over the past few years. With the addition of labor and logistics, the pressure to invest in new technologies has also increased, creating several challenges for automakers. These expenses will slow the sales of automotive vehicles, which will further impede the demand for automotive steering systems. Thus, the rising cost of automotive is expected to restrict the global market’s overall growth.

The Global Automotive Steering System Market report provides data tables and includes charts and graphs for visual analysis.

Request Free Sample Report for Global Automotive Steering System Market by Type, Vehicle Type, & by Geography:https://inkwoodresearch.com/reports/automotive-steering-system-market/#request-free-sample

Market Segmentation

Market by Type         

  • Electric Power Steering System
    • Electric Power Steering System by Type
      • Column Assist Type (C-EPS)
      • Pinion Assist Type (P-EPS)
      • Direct Drive Type (D-EPS)
      • Rack Assist Type (R-EPS)
  • Electric Power Steering System by Components
    • Steering Rack/Column
    • Sensor
    • Steering Motor
    • Other Component Types
  • Hydraulic Power Steering System
  • Electro-Hydraulic Power Steering System
  • Steer By Wire

Market by Vehicle Type

  • ICE
  • Electric Vehicles
    • PHEV (Plug-In Hybrid Electric Vehicle)
    • BEV (Battery Electric Vehicle)
    • FCEV (Fuel Cell Electric Vehicle)
    • HEV (Hybrid Electric Vehicle)

 

    

Report Highlights

– The report provides a detailed analysis of the current and future market trends to identify the investment opportunities – Market forecasts till 2028, using estimated market values as the base numbers – Key market trends across the business segments, regions, and countries – Key developments and strategies observed in the market – Market dynamics such as drivers, restraints, opportunities, and other trends – In-depth company profiles of key players and upcoming prominent players – Growth prospects among the emerging nations through 2028

 

Companies Profiled

  • CHINA AUTOMOTIVE SYSTEMS INC
  • DENSO CORPORATION
  • HITACHI ASTEMO LTD
  • HONDA MOTOR CO LTD
  • HYUNDAI MOBIS CO LTD
  • JTEKT CORPORATION
  • MANDO CORPORATION
  • MITSUBISHI ELECTRIC CORPORATION
  • NEXTEER AUTOMOTIVE CORPORATION
  • NSK LTD
  • ROBERT BOSCH GMBH
  • THYSSENKRUPP AG
  • ZF FRIEDRICHSHAFEN AG

 

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GLOBAL AUTOMOTIVE BODY CONTROL MODULE MARKET – The global automotive body control market is estimated to display a CAGR of 5.14% during the forecast years 2019-2027.

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Company Name: Inkwood Research
Contact Person: Arvind Iyer
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Country: United States
Website: https://www.inkwoodresearch.com/

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