Automotive Steering Systems Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030 (Recession Impact Analysis)
ID : MRU_
320482 | Date :
Nov, 2021 | Pages :
164 | Region : Global |
Publisher : RI
The market research report is created with a compilation of analytical research based on historic records, current statistics, and future predictions. The report contains details on the leading players operating in the Automotive Steering Systems market including various factors related to and dependent influencing the market growth.
Automotive Steering Systems refers to a series of devices used to change or maintain the direction of the vehicle; its function is to control the direction according to the driver\'s aim. Automotive steering system is one of the most basic systems of the vehicle.
The global automotive steering systems market is relatively concentrated; the sales of top eleven manufacturers account about 67% of total global sales in 2015. The largest manufacture of utomotive steering systems is JTEKT, its sales is 16642 K Unit in 2015. The next is Bosch and ZF.
Europe is the largest production region of automotive steering systems in 2015. In 2015, the production of automotive steering systems is about 25821 K Unit in Europe; its production of total global production exceeds 24.8%.The next is China. China will be the largest production region in 2016.
China is the largest consumer of automotive steering systems. In 2015, the consumption of automotive steering systems is about 25725 K Unit in China; its proportion of global market consumption exceeds 25.8%.
Global Automotive Steering Systems market size will reach 40200 million US$ by 2030, from 32500 million US$ in 2020, at a CAGR of 2.7% during the forecast period. In this study, 2022 has been considered as the base year and 2023-2030 as the forecast period to estimate the market size for Automotive Steering Systems.
The report is prepared using analytical methods such as SWOT (strengths, weaknesses, opportunities, and threats)) analysis, PESTEL Analysis, Porter\'s Five Force Analysis, and value chain analysis. These methods provide a clear view of the market structure and analyze competition at a global level. They also provide detailed information on each segment in the global Automotive Steering Systems market.
The aim of the report is to interpret the market sizes of various segments and countries for the forecast period. The study includes the qualitative and quantitative analysis of the market. The report analyses the Automotive Steering Systems market on a regional and global level with a deep analysis of macro-and micro-economic factors impacting the growth of the market. This report also includes market information related to the latest industry trends, market developments, and analysis of products and end users contributing to market growth. An in-depth study of the current market scenario, major driving factors, and restraining factors for the market are also included in the report.
The Automotive Steering Systems market report includes information related to market segmentation, market size and revenue forecasts, and regional forecasts along with information about the leading market players operating in the market, company revenue shares and, their recent developments. The market is classified regionally on country-level into North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
Scope of the Automotive Steering Systems Market: The major competitors working in the market are:
, JTEKT, Bosch, ZF, NSK, Nexteer Automobile, Thyssenkrupp, Mando, Mobis, Showa, Sona Koyo, CAAS
Market by Order Type
EPS
HPS
EHPS
MS
Automotive Steering Systems Data by Application
Passenger Vehicle
Commercial Vehicle
Automotive Steering Systems Regions Covered in the Report are:
North America
Europe
Asia Pacific
Middle East & Africa
Rest of the World
The information about the Automotive Steering Systems market is obtained from several sources such as company websites, journals, annual reports, which were then assessed and verified by the industry experts. The information is represented in the form of diagrams, charts, pie charts, and infographics, which helps in a better understanding of the market.
Objectives of Automotive Steering Systems Market Report:
To analyze the factors driving the market growth including supply chain analysis, price analysis along with other analytical methods
To provide an in-depth analysis of the Automotive Steering Systems market with information on various segment and sub-segments
To provide a regional analysis and global analysis for the Automotive Steering Systems market size and their forecasts
To provide strategic profiles of the key players operating in the Automotive Steering Systems market, their key competencies, and market competition
To provide a competitive scenario about the key factors driving, restraining, and challenging the market growth.
The impact of COVID-19 pandemic on the Automotive Steering Systems market
Target Audiences for Automotive Steering Systems Market:
Investors
Investment Bankers
Key Consulting Companies and Advisors
Venture Capitalists
Large, Medium-sized, and Small enterprises
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