The global automotive steering system market is expected to develop with a CAGR of 5.01% during the forecast years from 2021 to 2028.
The stringent fuel efficiency norms are primarily driving the demand for automotive steering systems. Also, a growing demand for more functions in electronic control units is being observed. These factors are propelling the growth of the global market.
On the contrary, the high cost of automotive and the autonomous features in cars are hindering this growth process. However, the increase in automotive production and the growing adoption of electric vehicles indicate an overall positive outlook for the automotive steering system market.

REGIONAL OUTLOOK

Latin America, the Middle East and Africa, the Asia-Pacific, Europe, and North America together shape the global market for automotive steering systems.
The market in the Asia-Pacific is set to exhibit the fastest growth worldwide in the coming period. Factors such as the presence of a number of market leaders who are increasingly investing heavy sums in electric mobility services are the key factors driving the growth in this market. Additionally, the vast capacity expansion in India and China, increasing per capita income, and the development of the road network are further aiding the automotive steering system market growth in the APAC.

COMPETITIVE OUTLOOK

Some of the major players engaged in the automotive steering system market include Hyundai Mobis, Robert Bosch GmbH, Hitachi Astemo Ltd, China Automotive Systems Inc, NSK Ltd, ZF Friedrichshafen AG, Nexteer Automotive Corporation, JTEKT Corporation, Denso Corporation, Thyssenkrupp AG, Mitsubishi Electric Corporation, Honda Motor Company, and Mando Corporation.
JTEKT Corporation manufactures and sells automotive components, bearings, sensors, and machine tools & mechatronics. It offers automotive components such as steering systems, wheels, drivelines, and engine & peripheral parts. The products available in steering systems include hydraulic power steering, electronic power steering, and several unit components.
Further, in electronic power steering, the company offers pinion type electronic power steering, column type electronic power steering, rack direct drive type electronic power steering, electric pump type hydraulic power steering, and dual pinion type electronic power steering. JTEKT Corporation has a business presence in North America, the Asia-Pacific, Europe, the Middle East and Africa, and Latin America.

TABLE OF CONTENTS

1. GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET – SUMMARY
2. INDUSTRY OUTLOOK
2.1. IMPACT OF COVID-19 ON THE AUTOMOTIVE STEERING SYSTEM INDUSTRY
2.2. KEY INSIGHTS
2.2.1. ADOPTION OF SENSORS
2.2.2. ADAS (ADVANCED DRIVER ASSISTANCE SYSTEMS) ADOPTION IN AUTOMOTIVE
2.2.3. USAGE OF TECHNOLOGICALLY ADVANCED EPS
2.3. PORTER’S FIVE FORCES ANALYSIS
2.3.1. THREAT OF NEW ENTRANTS
2.3.2. THREAT OF SUBSTITUTE
2.3.3. BARGAINING POWER OF BUYERS
2.3.4. BARGAINING POWER OF SUPPLIERS
2.3.5. THREAT OF COMPETITIVE RIVALRY
2.4. MARKET ATTRACTIVENESS INDEX
2.5. VENDOR SCORECARD
2.6. KEY IMPACT ANALYSIS
2.6.1. FUEL CONSUMPTION
2.6.2. CO2 EMISSION
2.6.3. MAINTENANCE
2.7. KEY MARKET STRATEGIES
2.7.1. PRODUCT LAUNCHES
2.7.2. CONTRACTS & PARTNERSHIPS
2.7.3. BUSINESS EXPANSIONS & DIVESTITURES
2.8. MARKET DRIVERS
2.8.1. GROWING DEMAND FOR MORE FUNCTIONS IN ELECTRONIC CONTROL UNIT (ECU)
2.8.2. STRINGENT FUEL EFFICIENCY NORMS
2.9. MARKET CHALLENGES
2.9.1. HIGH COST OF AUTOMOTIVE
2.9.2. AUTONOMOUS FEATURES IN CARS
2.10. MARKET OPPORTUNITIES
2.10.1. POSITIVE OUTLOOK FOR AUTOMOTIVE PRODUCTION
2.10.2. GROWING NUMBER OF ELECTRIC VEHICLES
3. GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET OUTLOOK – BY VEHICLE TYPE
3.1. ICE-DRIVEN
3.2. ELECTRIC VEHICLES
3.2.1. PHEV (PLUG-IN HYBRID ELECTRIC VEHICLE)
3.2.2. BEV (BATTERY ELECTRIC VEHICLE)
3.2.3. FCEV (FUEL CELL ELECTRIC VEHICLE)
3.2.4. HEV (HYBRID ELECTRIC VEHICLE)
4. GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET OUTLOOK – BY TYPE
4.1. ELECTRIC STEERING SYSTEM
4.1.1. ELECTRIC POWER STEERING SYSTEM BY TYPE
4.1.1.1. COLUMN-ASSIST TYPE (C-EPS)
4.1.1.2. PINION-ASSIST TYPE (P-EPS)
4.1.1.3. DIRECT DRIVE TYPE (D-EPS)
4.1.1.4. RACK-ASSIST TYPE (R-EPS)
4.1.2. ELECTRIC POWER STEERING SYSTEM BY COMPONENTS
4.1.2.1. STEERING RACK/COLUMN
4.1.2.2. SENSOR
4.1.2.3. STEERING MOTOR
4.1.2.4. OTHER COMPONENT TYPES
4.2. HYDRAULIC STEERING SYSTEM
4.3. ELECTRO-HYDRAULIC
4.4. STEER BY WIRE
5. GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET – REGIONAL OUTLOOK
5.1. NORTH AMERICA
5.1.1. MARKET BY TYPE
5.1.2. MARKET BY EPS TYPE
5.1.3. MARKET BY EPS COMPONENTS
5.1.4. COUNTRY ANALYSIS
5.1.4.1. UNITED STATES
5.1.4.2. CANADA
5.2. EUROPE
5.2.1. MARKET BY TYPE
5.2.2. MARKET BY EPS TYPE
5.2.3. MARKET BY EPS COMPONENTS
5.2.4. COUNTRY ANALYSIS
5.2.4.1. UNITED KINGDOM
5.2.4.2. GERMANY
5.2.4.3. FRANCE
5.2.4.4. SPAIN
5.2.4.5. ITALY
5.2.4.6. RUSSIA
5.2.4.7. REST OF EUROPE
5.3. ASIA-PACIFIC
5.3.1. MARKET BY TYPE
5.3.2. MARKET BY EPS TYPE
5.3.3. MARKET BY EPS COMPONENTS
5.3.4. COUNTRY ANALYSIS
5.3.4.1. CHINA
5.3.4.2. JAPAN
5.3.4.3. INDIA
5.3.4.4. SOUTH KOREA
5.3.4.5. ASEAN COUNTRIES
5.3.4.6. REST OF ASIA-PACIFIC
5.4. LATIN AMERICA
5.4.1. MARKET BY TYPE
5.4.2. MARKET BY EPS TYPE
5.4.3. MARKET BY EPS COMPONENTS
5.4.4. COUNTRY ANALYSIS
5.4.4.1. BRAZIL
5.4.4.2. MEXICO
5.4.4.3. REST OF LATIN AMERICA
5.5. MIDDLE EAST AND AFRICA
5.5.1. MARKET BY TYPE
5.5.2. MARKET BY EPS TYPE
5.5.3. MARKET BY EPS COMPONENTS
5.5.4. COUNTRY ANALYSIS
5.5.4.1. TURKEY
5.5.4.2. SOUTH AFRICA
5.5.4.3. MOROCCO
5.5.4.4. REST OF MIDDLE EAST & AFRICA
6. COMPETITIVE LANDSCAPE
6.1. CHINA AUTOMOTIVE SYSTEMS INC
6.2. DENSO CORPORATION
6.3. HITACHI ASTEMO LTD
6.4. HONDA MOTOR COMPANY
6.5. HYUNDAI MOBIS
6.6. JTEKT CORPORATION
6.7. MANDO CORPORATION
6.8. MITSUBISHI ELECTRIC CORPORATION
6.9. NEXTEER AUTOMOTIVE CORPORATION
6.10. NSK LTD
6.11. ROBERT BOSCH GMBH
6.12. THYSSENKRUPP AG
6.13. ZF FRIEDRICHSHAFEN AG
7. RESEARCH METHODOLOGY & SCOPE
7.1. RESEARCH SCOPE & DELIVERABLES
7.2. SOURCES OF DATA
7.3. RESEARCH METHODOLOGY

TABLE LIST

TABLE 1: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY GEOGRAPHY, 2021-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY VEHICLE TYPE, 2021-2028 (IN $ MILLION)
TABLE 4: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC VEHICLES, 2021-2028 (IN $ MILLION)
TABLE 5: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 6: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY GEOGRAPHY, 2021-2028 (IN $ MILLION)
TABLE 7: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 8: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 9: NORTH AMERICA ELECTRIC POWER STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 10: NORTH AMERICA ELECTRIC POWER STEERING SYSTEM MARKET, BY COMPONENTS, 2021-2028 (IN $ MILLION)
TABLE 11: EUROPE AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 12: EUROPE AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 13: EUROPE ELECTRIC POWER STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 14: EUROPE ELECTRIC POWER STEERING SYSTEM MARKET, BY COMPONENTS, 2021-2028 (IN $ MILLION)
TABLE 15: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 16: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 17: ASIA-PACIFIC ELECTRIC POWER STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 18: ASIA-PACIFIC ELECTRIC POWER STEERING SYSTEM MARKET, BY COMPONENTS, 2021-2028 (IN $ MILLION)
TABLE 19: LATIN AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 20: LATIN AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 21: LATIN AMERICA ELECTRIC POWER STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 22: LATIN AMERICA ELECTRIC POWER STEERING SYSTEM MARKET, BY COMPONENTS, 2021-2028 (IN $ MILLION)
TABLE 23: MIDDLE EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 24: MIDDLE EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 25: MIDDLE EAST AND AFRICA ELECTRIC POWER STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 26: MIDDLE EAST AND AFRICA ELECTRIC POWER STEERING SYSTEM MARKET, BY COMPONENTS, 2021-2028 (IN $ MILLION)

FIGURE LIST

FIGURE 1: MARKET ATTRACTIVENESS INDEX
FIGURE 2: KEY IMPACT ANALYSIS
FIGURE 3: PRODUCTION OF AUTOMOBILES (2016-2020)
FIGURE 4: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY VEHICLE TYPE, 2020 & 2028 (IN %)
FIGURE 5: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY ICE-DRIVEN, 2021-2028 (IN $ MILLION)
FIGURE 6: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC VEHICLES, 2021-2028 (IN $ MILLION)
FIGURE 7: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC VEHICLES, 2020 & 2028 (IN %)
FIGURE 8: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY PHEV (PLUG-IN HYBRID ELECTRIC VEHICLE), 2021-2028 (IN $ MILLION)
FIGURE 9: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY BEV (BATTERY ELECTRIC VEHICLE), 2021-2028 (IN $ MILLION)
FIGURE 10: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY FCEV (FUEL CELL ELECTRIC VEHICLE), 2021-2028 (IN $ MILLION)
FIGURE 11: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY HEV (HYBRID ELECTRIC VEHICLE), 2021-2028 (IN $ MILLION)
FIGURE 12: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2020 & 2028 (IN %)
FIGURE 13: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC STEERING SYSTEM, 2021-2028 (IN $ MILLION)
FIGURE 14: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY COLUMN-ASSIST TYPE (C-EPS), 2021-2028 (IN $ MILLION)
FIGURE 15: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY PINION-ASSIST TYPE (C-EPS), 2021-2028 (IN $ MILLION)
FIGURE 16: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY DIRECT DRIVE TYPE (D-EPS), 2021-2028 (IN $ MILLION)
FIGURE 17: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY RACK-ASSIST TYPE (R-EPS), 2021-2028 (IN $ MILLION)
FIGURE 18: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY STEERING RACK/COLUMN, 2021-2028 (IN $ MILLION)
FIGURE 19: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY SENSOR, 2021-2028 (IN $ MILLION)
FIGURE 20: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY STEERING MOTOR, 2021-2028 (IN $ MILLION)
FIGURE 21: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY OTHER COMPONENT TYPES, 2021-2028 (IN $ MILLION)
FIGURE 22: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY HYDRAULIC STEERING SYSTEM, 2021-2028 (IN $ MILLION)
FIGURE 23: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRO-HYDRAULIC, 2021-2028 (IN $ MILLION)
FIGURE 24: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, BY STEER BY WIRE, 2021-2028 (IN $ MILLION)
FIGURE 25: GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 26: UNITED STATES AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 27: CANADA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 28: UNITED KINGDOM AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 29: GERMANY AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 30: FRANCE AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 31: SPAIN AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 32: ITALY AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 33: RUSSIA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 34: REST OF EUROPE AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 35: CHINA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 36: JAPAN AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 37: INDIA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 38: SOUTH KOREA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 39: ASEAN COUNTRIES AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 40: REST OF ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 41: BRAZIL AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 42: MEXICO AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 43: REST OF LATIN AMERICA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 44: TURKEY AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 45: SOUTH AFRICA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 46: MOROCCO AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 47: REST OF MIDDLE EAST & AFRICA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)

The post GLOBAL AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 first appeared on CRI Report.

As per CRI’s report, the North America automotive steering system market is anticipated to develop with a CAGR of 4.19% by revenue, during the forecast period between 2021 and 2028. The United States and Canada together form the market in this region.

In 2018, the United States exported 1.8 million light vehicles and 131,200 medium & heavy trucks to over 200 markets worldwide, with additional exports of auto parts. With a huge consumer market, well-equipped infrastructure, favorable investment policies, a highly skilled workforce, and favorable government incentives, the United States has become a premier market for the 21st-century automotive industry. This will influence the demand for steering systems in the coming years.

Also, according to Nexteer Automotive, a leading automobile steering manufacturing company in North America, R-EPS captures over 90% of the full-size truck market in the region. A high demand for powerful light commercial vehicles in the United States is thus expected to further propel the growth of the R-EPS segment here.

In addition, Canada is one of the leading producers of light vehicles across the world. Five global original equipment manufacturers, Toyota, Honda, Stellantis, GM, and Ford, assemble over 1.4 million vehicles at their Canadian plants each year. This indicates a positive outlook for the Canadian automotive market, which, in turn, will aid the demand for automotive steering systems in the country in the coming period.

COMPETITIVE OUTLOOK

The dominant players in the automotive steering system market are Mitsubishi Electric Corporation, Denso Corporation, JTEKT Corporation, Robert Bosch GmbH, Honda Motor Company, and Nexteer Automotive Corporation.

TABLE OF CONTENTS

1. NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET – SUMMARY

2. INDUSTRY OUTLOOK
2.1. IMPACT OF COVID-19 ON THE AUTOMOTIVE STEERING SYSTEM INDUSTRY
2.2. KEY INSIGHTS
2.2.1. ADOPTION OF SENSORS
2.2.2. ADAS (ADVANCED DRIVER ASSISTANCE SYSTEMS) ADOPTION IN AUTOMOTIVE
2.2.3. USAGE OF TECHNOLOGICALLY ADVANCED EPS
2.3. PORTER’S FIVE FORCES ANALYSIS
2.3.1. THREAT OF NEW ENTRANTS
2.3.2. THREAT OF SUBSTITUTE
2.3.3. BARGAINING POWER OF BUYERS
2.3.4. BARGAINING POWER OF SUPPLIERS
2.3.5. THREAT OF COMPETITIVE RIVALRY
2.4. MARKET ATTRACTIVENESS INDEX
2.5. VENDOR SCORECARD
2.6. KEY IMPACT ANALYSIS
2.6.1. FUEL CONSUMPTION
2.6.2. CO2 EMISSION
2.6.3. MAINTENANCE
2.7. KEY MARKET STRATEGIES
2.7.1. PRODUCT LAUNCHES
2.7.2. CONTRACTS & PARTNERSHIPS
2.7.3. BUSINESS EXPANSIONS & DIVESTITURES
2.8. MARKET DRIVERS
2.8.1. GROWING DEMAND FOR MORE FUNCTIONS IN ELECTRONIC CONTROL UNIT (ECU)
2.8.2. STRINGENT FUEL EFFICIENCY NORMS
2.9. MARKET CHALLENGES
2.9.1. HIGH COST OF AUTOMOTIVE
2.9.2. AUTONOMOUS FEATURES IN CARS
2.10. MARKET OPPORTUNITIES
2.10.1. POSITIVE OUTLOOK FOR AUTOMOTIVE PRODUCTION
2.10.2. GROWING NUMBER OF ELECTRIC VEHICLES

3. NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET OUTLOOK – BY VEHICLE TYPE
3.1. ICE-DRIVEN
3.2. ELECTRIC VEHICLES
3.2.1. PHEV (PLUG-IN HYBRID ELECTRIC VEHICLE)
3.2.2. BEV (BATTERY ELECTRIC VEHICLE)
3.2.3. FCEV (FUEL CELL ELECTRIC VEHICLE)
3.2.4. HEV (HYBRID ELECTRIC VEHICLE)

4. NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET OUTLOOK – BY TYPE
4.1. ELECTRIC STEERING SYSTEM
4.1.1. ELECTRIC POWER STEERING SYSTEM BY TYPE
4.1.1.1. COLUMN-ASSIST TYPE (C-EPS)
4.1.1.2. PINION-ASSIST TYPE (P-EPS)
4.1.1.3. DIRECT DRIVE TYPE (D-EPS)
4.1.1.4. RACK-ASSIST TYPE (R-EPS)
4.1.2. ELECTRIC POWER STEERING SYSTEM BY COMPONENTS
4.1.2.1. STEERING RACK/COLUMN
4.1.2.2. SENSOR
4.1.2.3. STEERING MOTOR
4.1.2.4. OTHER COMPONENT TYPES
4.2. HYDRAULIC STEERING SYSTEM
4.3. ELECTRO-HYDRAULIC
4.4. STEER BY WIRE

5. NORTH AMERICA AUTOMOTIVE STEERING SYSTEMS MARKET – REGIONAL OUTLOOK
5.1. UNITED STATES
5.2. CANADA

6. COMPETITIVE LANDSCAPE
6.1. CHINA AUTOMOTIVE SYSTEMS INC
6.2. DENSO CORPORATION
6.3. HITACHI ASTEMO LTD
6.4. HONDA MOTOR COMPANY
6.5. HYUNDAI MOBIS
6.6. JTEKT CORPORATION
6.7. MANDO CORPORATION
6.8. MITSUBISHI ELECTRIC CORPORATION
6.9. NEXTEER AUTOMOTIVE CORPORATION
6.10. NSK LTD
6.11. ROBERT BOSCH GMBH
6.12. THYSSENKRUPP AG
6.13. ZF FRIEDRICHSHAFEN AG

7. RESEARCH METHODOLOGY & SCOPE
7.1. RESEARCH SCOPE & DELIVERABLES
7.2. SOURCES OF DATA
7.3. RESEARCH METHODOLOGY

TABLE LIST

TABLE 1: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 4: NORTH AMERICA ELECTRIC POWER STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 5: NORTH AMERICA ELECTRIC POWER STEERING SYSTEM MARKET, BY COMPONENTS, 2021-2028 (IN $ MILLION)
TABLE 6: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

FIGURE LIST

FIGURE 1: MARKET ATTRACTIVENESS INDEX
FIGURE 2: KEY IMPACT ANALYSIS
FIGURE 3: PRODUCTION OF AUTOMOBILES (2016-2020)
FIGURE 4: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2020 & 2028 (IN %)
FIGURE 5: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC STEERING SYSTEM, 2021-2028 (IN $ MILLION)
FIGURE 6: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY COLUMN-ASSIST TYPE (C-EPS), 2021-2028 (IN $ MILLION)
FIGURE 7: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY PINION-ASSIST TYPE (C-EPS), 2021-2028 (IN $ MILLION)
FIGURE 8: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY DIRECT DRIVE TYPE (D-EPS), 2021-2028 (IN $ MILLION)
FIGURE 9: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY RACK-ASSIST TYPE (R-EPS), 2021-2028 (IN $ MILLION)
FIGURE 10: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY STEERING RACK/COLUMN, 2021-2028 (IN $ MILLION)
FIGURE 11: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY SENSOR, 2021-2028 (IN $ MILLION)
FIGURE 12: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY STEERING MOTOR, 2021-2028 (IN $ MILLION)
FIGURE 13: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY OTHER COMPONENT TYPES, 2021-2028 (IN $ MILLION)
FIGURE 14: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY HYDRAULIC STEERING SYSTEM, 2021-2028 (IN $ MILLION)
FIGURE 15: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRO-HYDRAULIC, 2021-2028 (IN $ MILLION)
FIGURE 16: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY STEER BY WIRE, 2021-2028 (IN $ MILLION)
FIGURE 17: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 18: UNITED STATES AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 19: CANADA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)

The post NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 first appeared on CRI Report.

CRI’s report on the automotive steering system market in the Middle East and Africa has determined the industry to progress with a CAGR of 5.21% over the forecast duration 2021-2028. Morocco, South Africa, Turkey, and Rest of Middle East & Africa constitute the market in this region.

The governments of several countries in Africa have realized the importance of the automotive sector, and are thus taking initiatives to support it and develop it further. For instance, in South Africa, the government launched the South African Automotive Master (SAAM) plan, which aims to strengthen the local value chains. In addition, the automotive manufacturers in the country are focusing on consolidating their position in the country. Also, recent developments towards vehicle electrification are driving the market for automotive steering systems in the nation.

Between 2000 and 2017, original equipment manufacturers invested $14 billion in the Turkish market. These investments majorly boosted their manufacturing capabilities, and led to Turkey becoming a vital part of the global value chain of international OEMs.

The automotive industry in Turkey today is highly efficient and competitive, meeting international quality and safety standards, thanks to value-added production. The country is a huge automotive parts manufacturer, having a number of companies that manufacture different types of parts for the automotive industry, including steering systems and suspension parts. All these factors are contributing to the growth of the market in Turkey.

COMPETITIVE OUTLOOK

ZF Friedrichshafen AG, Mitsubishi Electric Corporation, NSK Ltd, Robert Bosch GmbH, Nexteer Automotive Corporation, and Honda Motor Company are some of the prominent companies present in the automotive steering system market.

TABLE OF CONTENTS

1. MIDDLE EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET – SUMMARY

2. INDUSTRY OUTLOOK
2.1. IMPACT OF COVID-19 ON THE AUTOMOTIVE STEERING SYSTEM INDUSTRY
2.2. KEY INSIGHTS
2.2.1. ADOPTION OF SENSORS
2.2.2. ADAS (ADVANCED DRIVER ASSISTANCE SYSTEMS) ADOPTION IN AUTOMOTIVE
2.2.3. USAGE OF TECHNOLOGICALLY ADVANCED EPS
2.3. PORTER’S FIVE FORCES ANALYSIS
2.3.1. THREAT OF NEW ENTRANTS
2.3.2. THREAT OF SUBSTITUTE
2.3.3. BARGAINING POWER OF BUYERS
2.3.4. BARGAINING POWER OF SUPPLIERS
2.3.5. THREAT OF COMPETITIVE RIVALRY
2.4. MARKET ATTRACTIVENESS INDEX
2.5. VENDOR SCORECARD
2.6. KEY IMPACT ANALYSIS
2.6.1. FUEL CONSUMPTION
2.6.2. CO2 EMISSION
2.6.3. MAINTENANCE
2.7. KEY MARKET STRATEGIES
2.7.1. PRODUCT LAUNCHES
2.7.2. CONTRACTS & PARTNERSHIPS
2.7.3. BUSINESS EXPANSIONS & DIVESTITURES
2.8. MARKET DRIVERS
2.8.1. GROWING DEMAND FOR MORE FUNCTIONS IN ELECTRONIC CONTROL UNIT (ECU)
2.8.2. STRINGENT FUEL EFFICIENCY NORMS
2.9. MARKET CHALLENGES
2.9.1. HIGH COST OF AUTOMOTIVE
2.9.2. AUTONOMOUS FEATURES IN CARS
2.10. MARKET OPPORTUNITIES
2.10.1. POSITIVE OUTLOOK FOR AUTOMOTIVE PRODUCTION
2.10.2. GROWING NUMBER OF ELECTRIC VEHICLES

3. MIDDLE EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET OUTLOOK – BY VEHICLE TYPE
3.1. ICE-DRIVEN
3.2. ELECTRIC VEHICLES
3.2.1. PHEV (PLUG-IN HYBRID ELECTRIC VEHICLE)
3.2.2. BEV (BATTERY ELECTRIC VEHICLE)
3.2.3. FCEV (FUEL CELL ELECTRIC VEHICLE)
3.2.4. HEV (HYBRID ELECTRIC VEHICLE)

4. MIDDLE EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET OUTLOOK – BY TYPE
4.1. ELECTRIC STEERING SYSTEM
4.1.1. ELECTRIC POWER STEERING SYSTEM BY TYPE
4.1.1.1. COLUMN-ASSIST TYPE (C-EPS)
4.1.1.2. PINION-ASSIST TYPE (P-EPS)
4.1.1.3. DIRECT DRIVE TYPE (D-EPS)
4.1.1.4. RACK-ASSIST TYPE (R-EPS)
4.1.2. ELECTRIC POWER STEERING SYSTEM BY COMPONENTS
4.1.2.1. STEERING RACK/COLUMN
4.1.2.2. SENSOR
4.1.2.3. STEERING MOTOR
4.1.2.4. OTHER COMPONENT TYPES
4.2. HYDRAULIC STEERING SYSTEM
4.3. ELECTRO-HYDRAULIC
4.4. STEER BY WIRE

5. MIDDLE EAST AND AFRICA AUTOMOTIVE STEERING SYSTEMS MARKET – REGIONAL OUTLOOK
5.1. TURKEY
5.2. SOUTH AFRICA
5.3. MOROCCO
5.4. REST OF MIDDLE EAST & AFRICA

6. COMPETITIVE LANDSCAPE
6.1. CHINA AUTOMOTIVE SYSTEMS INC
6.2. DENSO CORPORATION
6.3. HITACHI ASTEMO LTD
6.4. HONDA MOTOR COMPANY
6.5. HYUNDAI MOBIS
6.6. JTEKT CORPORATION
6.7. MANDO CORPORATION
6.8. MITSUBISHI ELECTRIC CORPORATION
6.9. NEXTEER AUTOMOTIVE CORPORATION
6.10. NSK LTD
6.11. ROBERT BOSCH GMBH
6.12. THYSSENKRUPP AG
6.13. ZF FRIEDRICHSHAFEN AG

7. RESEARCH METHODOLOGY & SCOPE
7.1. RESEARCH SCOPE & DELIVERABLES
7.2. SOURCES OF DATA
7.3. RESEARCH METHODOLOGY

TABLE LIST

TABLE 1: MIDDLE EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: MIDDLE EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 4: MIDDLE EAST AND AFRICA ELECTRIC POWER STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 5: MIDDLE EAST AND AFRICA ELECTRIC POWER STEERING SYSTEM MARKET, BY COMPONENTS, 2021-2028 (IN $ MILLION)
TABLE 6: MIDDLE EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

FIGURE LIST

FIGURE 1: MARKET ATTRACTIVENESS INDEX
FIGURE 2: KEY IMPACT ANALYSIS
FIGURE 3: PRODUCTION OF AUTOMOBILES (2016-2020)
FIGURE 4: MIDDLE EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2020 & 2028 (IN %)
FIGURE 5: MIDDLE EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC STEERING SYSTEM, 2021-2028 (IN $ MILLION)
FIGURE 6: MIDDLE EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY COLUMN-ASSIST TYPE (C-EPS), 2021-2028 (IN $ MILLION)
FIGURE 7: MIDDLE EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY PINION-ASSIST TYPE (C-EPS), 2021-2028 (IN $ MILLION)
FIGURE 8: MIDDLE EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY DIRECT DRIVE TYPE (D-EPS), 2021-2028 (IN $ MILLION)
FIGURE 9: MIDDLE EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY RACK-ASSIST TYPE (R-EPS), 2021-2028 (IN $ MILLION)
FIGURE 10: MIDDLE EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY STEERING RACK/COLUMN, 2021-2028 (IN $ MILLION)
FIGURE 11: MIDDLE EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY SENSOR, 2021-2028 (IN $ MILLION)
FIGURE 12: MIDDLE EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY STEERING MOTOR, 2021-2028 (IN $ MILLION)
FIGURE 13: MIDDLE EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY OTHER COMPONENT TYPES, 2021-2028 (IN $ MILLION)
FIGURE 14: MIDDLE EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY HYDRAULIC STEERING SYSTEM, 2021-2028 (IN $ MILLION)
FIGURE 15: MIDDLE EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRO-HYDRAULIC, 2021-2028 (IN $ MILLION)
FIGURE 16: MIDDLE EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, BY STEER BY WIRE, 2021-2028 (IN $ MILLION)
FIGURE 17: MIDDLE EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 18: TURKEY AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 19: SOUTH AFRICA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 20: MOROCCO AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 21: REST OF MIDDLE EAST & AFRICA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)

The post MIDDLE EAST AND AFRICA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 first appeared on CRI Report.

CRI has stated that the automotive steering system market in Latin America is likely to grow with a CAGR of 5.19% over the forecast years from 2021 to 2028. Mexico, Brazil, and Rest of Latin America together comprise the market in this region.
The Rest of Latin America region constitutes various emerging economies, such as Chile, Argentina, Venezuela, Costa Rica, Ecuador, and Peru, among others. In July 2017, the Government of Argentina announced lowering the import duties on battery electric vehicles (BEVs), fuel cell electric vehicles (FCEV), and hybrid electric vehicles (including conventional and plug-in hybrids). The import tariffs fell from 35% previously, to a range of 0% to 5%. This depended on factors such as the vehicles’ powertrain and whether they were imported as completely built units (CBU), semi-knocked down (SKD) units, or completely knocked-down (CKD) units.
Also, the presence of companies such as Ferreirós y Vilela SA in the country helps in the growth of the automotive steering system market. Presently, it supplies all models of rack and pinion steering systems in the market, and others that are manufactured based on customers’ request. Its plant in San Isidro, has a well-developed infrastructure, with highly trained personnel in all its areas. This indicates growth for the automotive steering system market in the region in the coming years. Further, several multinational players in the automotive industries have their production facilities in Mexico and Brazil. This shows that there is great potential for the studied market in Latin America.

COMPETITIVE OUTLOOK

NSK Ltd, Hyundai Mobis, Denso Corporation, Hitachi Astemo Ltd, Nexteer Automotive Corporation, and ZF Friedrichshafen AG are some of the prominent names in the automotive steering system market.

TABLE OF CONTENTS

1. LATIN AMERICA AUTOMOTIVE STEERING SYSTEM MARKET – SUMMARY
2. INDUSTRY OUTLOOK
2.1. IMPACT OF COVID-19 ON THE AUTOMOTIVE STEERING SYSTEM INDUSTRY
2.2. KEY INSIGHTS
2.2.1. ADOPTION OF SENSORS
2.2.2. ADAS (ADVANCED DRIVER ASSISTANCE SYSTEMS) ADOPTION IN AUTOMOTIVE
2.2.3. USAGE OF TECHNOLOGICALLY ADVANCED EPS
2.3. PORTER’S FIVE FORCES ANALYSIS
2.3.1. THREAT OF NEW ENTRANTS
2.3.2. THREAT OF SUBSTITUTE
2.3.3. BARGAINING POWER OF BUYERS
2.3.4. BARGAINING POWER OF SUPPLIERS
2.3.5. THREAT OF COMPETITIVE RIVALRY
2.4. MARKET ATTRACTIVENESS INDEX
2.5. VENDOR SCORECARD
2.6. KEY IMPACT ANALYSIS
2.6.1. FUEL CONSUMPTION
2.6.2. CO2 EMISSION
2.6.3. MAINTENANCE
2.7. KEY MARKET STRATEGIES
2.7.1. PRODUCT LAUNCHES
2.7.2. CONTRACTS & PARTNERSHIPS
2.7.3. BUSINESS EXPANSIONS & DIVESTITURES
2.8. MARKET DRIVERS
2.8.1. GROWING DEMAND FOR MORE FUNCTIONS IN ELECTRONIC CONTROL UNIT (ECU)
2.8.2. STRINGENT FUEL EFFICIENCY NORMS
2.9. MARKET CHALLENGES
2.9.1. EXPENSIVE AUTOMOTIVE
2.9.2. AUTONOMOUS FEATURES IN CARS
2.10. MARKET OPPORTUNITIES
2.10.1. POSITIVE OUTLOOK OF AUTOMOTIVE PRODUCTION
2.10.2. GROWING NUMBER OF ELECTRIC VEHICLES
3. LATIN AMERICA AUTOMOTIVE STEERING SYSTEM MARKET OUTLOOK – BY VEHICLE TYPE
3.1. ICE-DRIVEN
3.2. ELECTRIC VEHICLES
3.2.1. PHEV (PLUG-IN HYBRID ELECTRIC VEHICLE)
3.2.2. BEV (BATTERY ELECTRIC VEHICLE)
3.2.3. FCEV (FUEL CELL ELECTRIC VEHICLE)
3.2.4. HEV (HYBRID ELECTRIC VEHICLE)
4. LATIN AMERICA AUTOMOTIVE STEERING SYSTEM MARKET OUTLOOK – BY TYPE
4.1. ELECTRIC STEERING SYSTEM
4.1.1. ELECTRIC POWER STEERING SYSTEM BY TYPE
4.1.1.1. COLUMN-ASSIST TYPE (C-EPS)
4.1.1.2. PINION-ASSIST TYPE (P-EPS)
4.1.1.3. DIRECT DRIVE TYPE (D-EPS)
4.1.1.4. RACK-ASSIST TYPE (R-EPS)
4.1.2. ELECTRIC POWER STEERING SYSTEM BY COMPONENTS
4.1.2.1. STEERING RACK/COLUMN
4.1.2.2. SENSOR
4.1.2.3. STEERING MOTOR
4.1.2.4. OTHER COMPONENT TYPES
4.2. HYDRAULIC STEERING SYSTEM
4.3. ELECTRO-HYDRAULIC
4.4. STEER BY WIRE
5. LATIN AMERICA AUTOMOTIVE STEERING SYSTEMS MARKET – REGIONAL OUTLOOK
5.1. BRAZIL
5.2. MEXICO
5.3. REST OF LATIN AMERICA
6. COMPETITIVE LANDSCAPE
6.1. CHINA AUTOMOTIVE SYSTEMS INC
6.2. DENSO CORPORATION
6.3. HITACHI ASTEMO LTD
6.4. HONDA MOTOR COMPANY
6.5. HYUNDAI MOBIS
6.6. JTEKT CORPORATION
6.7. MANDO CORPORATION
6.8. MITSUBISHI ELECTRIC CORPORATION
6.9. NEXTEER AUTOMOTIVE CORPORATION
6.10. NSK LTD
6.11. ROBERT BOSCH GMBH
6.12. THYSSENKRUPP AG
6.13. ZF FRIEDRICHSHAFEN AG
7. RESEARCH METHODOLOGY & SCOPE
7.1. RESEARCH SCOPE & DELIVERABLES
7.2. SOURCES OF DATA
7.3. RESEARCH METHODOLOGY

TABLE LIST

TABLE 1: LATIN AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: LATIN AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 4: LATIN AMERICA ELECTRIC POWER STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 5: LATIN AMERICA ELECTRIC POWER STEERING SYSTEM MARKET, BY COMPONENTS, 2021-2028 (IN $ MILLION)
TABLE 6: LATIN AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

FIGURE LIST

FIGURE 1: MARKET ATTRACTIVENESS INDEX
FIGURE 2: KEY IMPACT ANALYSIS
FIGURE 3: PRODUCTION OF AUTOMOBILES (2016-2020)
FIGURE 4: LATIN AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2020 & 2028 (IN %)
FIGURE 5: LATIN AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC STEERING SYSTEM, 2021-2028 (IN $ MILLION)
FIGURE 6: LATIN AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY COLUMN-ASSIST TYPE (C-EPS), 2021-2028 (IN $ MILLION)
FIGURE 7: LATIN AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY PINION-ASSIST TYPE (C-EPS), 2021-2028 (IN $ MILLION)
FIGURE 8: LATIN AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY DIRECT DRIVE TYPE (D-EPS), 2021-2028 (IN $ MILLION)
FIGURE 9: LATIN AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY RACK-ASSIST TYPE (R-EPS), 2021-2028 (IN $ MILLION)
FIGURE 10: LATIN AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY STEERING RACK/COLUMN, 2021-2028 (IN $ MILLION)
FIGURE 11: LATIN AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY SENSOR, 2021-2028 (IN $ MILLION)
FIGURE 12: LATIN AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY STEERING MOTOR, 2021-2028 (IN $ MILLION)
FIGURE 13: LATIN AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY OTHER COMPONENT TYPES, 2021-2028 (IN $ MILLION)
FIGURE 14: LATIN AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY HYDRAULIC STEERING SYSTEM, 2021-2028 (IN $ MILLION)
FIGURE 15: LATIN AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRO-HYDRAULIC, 2021-2028 (IN $ MILLION)
FIGURE 16: LATIN AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY STEER BY WIRE, 2021-2028 (IN $ MILLION)
FIGURE 17: LATIN AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 18: BRAZIL AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 19: MEXICO AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 20: REST OF LATIN AMERICA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)

The post LATIN AMERICA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 first appeared on CRI Report.

Europe’s automotive steering system market is anticipated to show growth with a CAGR of 5.01% over the projected duration between 2021 and 2028. Russia, Germany, the United Kingdom, Spain, France, Italy, and Rest of Europe together form the market in this region.
The United Kingdom is one of the dominating nations in the regional market. The market here is mainly driven by the rising production and sales of luxury vehicles, due to the growing preference for comfort and safety. Additionally, the rapid electrification of vehicles and the rising stringency concerning emission norms are expected to raise the demand for EPS-equipped cars.
The increasing popularity of autonomous driving vehicles has fueled the demand for electric power steering systems and ECUs worldwide. Vehicles enabled with EPS tend to weigh lesser overall, which further enhances fuel efficiency. All these factors are expected to contribute to the growth of the UK market in the forecasting period.
Germany is recognized across the world for its excellence in engineering and an outstanding automotive industry. It is one of the leading markets for automotive production and sales in Europe. The country’s world-class R&D infrastructure, complete integration of the industry value chain, and a highly qualified workforce have helped create an advanced automotive environment. Advancements in EPS sensor technology and the declining cost of manufacturing these systems have contributed to the development of the German automotive steering systems market.

COMPETITIVE OUTLOOK

The leading competitors in the automotive steering system market include Hyundai Mobis, Mitsubishi Electric Corporation, Thyssenkrupp AG, Nexteer Automotive Corporation, Robert Bosch GmbH, and Mando Corporation.

TABLE OF CONTENTS

1. EUROPE AUTOMOTIVE STEERING SYSTEM MARKET – SUMMARY
2. INDUSTRY OUTLOOK
2.1. IMPACT OF COVID-19 ON THE AUTOMOTIVE STEERING SYSTEM INDUSTRY
2.2. KEY INSIGHTS
2.2.1. ADOPTION OF SENSORS
2.2.2. ADAS (ADVANCED DRIVER ASSISTANCE SYSTEMS) ADOPTION IN AUTOMOTIVE
2.2.3. USAGE OF TECHNOLOGICALLY ADVANCED EPS
2.3. PORTER’S FIVE FORCES ANALYSIS
2.3.1. THREAT OF NEW ENTRANTS
2.3.2. THREAT OF SUBSTITUTE
2.3.3. BARGAINING POWER OF BUYERS
2.3.4. BARGAINING POWER OF SUPPLIERS
2.3.5. THREAT OF COMPETITIVE RIVALRY
2.4. MARKET ATTRACTIVENESS INDEX
2.5. VENDOR SCORECARD
2.6. KEY IMPACT ANALYSIS
2.6.1. FUEL CONSUMPTION
2.6.2. CO2 EMISSION
2.6.3. MAINTENANCE
2.7. KEY MARKET STRATEGIES
2.7.1. PRODUCT LAUNCHES
2.7.2. CONTRACTS & PARTNERSHIPS
2.7.3. BUSINESS EXPANSIONS & DIVESTITURES
2.8. MARKET DRIVERS
2.8.1. GROWING DEMAND FOR MORE FUNCTIONS IN ELECTRONIC CONTROL UNIT (ECU)
2.8.2. STRINGENT FUEL EFFICIENCY NORMS
2.9. MARKET CHALLENGES
2.9.1. HIGH COST OF AUTOMOTIVE
2.9.2. AUTONOMOUS FEATURES IN CARS
2.10. MARKET OPPORTUNITIES
2.10.1. POSITIVE OUTLOOK FOR AUTOMOTIVE PRODUCTION
2.10.2. GROWING NUMBER OF ELECTRIC VEHICLES
3. EUROPE AUTOMOTIVE STEERING SYSTEM MARKET OUTLOOK – BY VEHICLE TYPE
3.1. ICE-DRIVEN
3.2. ELECTRIC VEHICLES
3.2.1. PHEV (PLUG-IN HYBRID ELECTRIC VEHICLE)
3.2.2. BEV (BATTERY ELECTRIC VEHICLE)
3.2.3. FCEV (FUEL CELL ELECTRIC VEHICLE)
3.2.4. HEV (HYBRID ELECTRIC VEHICLE)
4. EUROPE AUTOMOTIVE STEERING SYSTEM MARKET OUTLOOK – BY TYPE
4.1. ELECTRIC STEERING SYSTEM
4.1.1. ELECTRIC POWER STEERING SYSTEM BY TYPE
4.1.1.1. COLUMN-ASSIST TYPE (C-EPS)
4.1.1.2. PINION-ASSIST TYPE (P-EPS)
4.1.1.3. DIRECT DRIVE TYPE (D-EPS)
4.1.1.4. RACK-ASSIST TYPE (R-EPS)
4.1.2. ELECTRIC POWER STEERING SYSTEM BY COMPONENTS
4.1.2.1. STEERING RACK/COLUMN
4.1.2.2. SENSOR
4.1.2.3. STEERING MOTOR
4.1.2.4. OTHER COMPONENT TYPES
4.2. HYDRAULIC STEERING SYSTEM
4.3. ELECTRO-HYDRAULIC
4.4. STEER BY WIRE
5. EUROPE AUTOMOTIVE STEERING SYSTEM MARKET – REGIONAL OUTLOOK
5.1. UNITED KINGDOM
5.2. GERMANY
5.3. FRANCE
5.4. SPAIN
5.5. ITALY
5.6. RUSSIA
5.7. REST OF EUROPE
6. COMPETITIVE LANDSCAPE
6.1. CHINA AUTOMOTIVE SYSTEMS INC
6.2. DENSO CORPORATION
6.3. HITACHI ASTEMO LTD
6.4. HONDA MOTOR COMPANY
6.5. HYUNDAI MOBIS
6.6. JTEKT CORPORATION
6.7. MANDO CORPORATION
6.8. MITSUBISHI ELECTRIC CORPORATION
6.9. NEXTEER AUTOMOTIVE CORPORATION
6.10. NSK LTD
6.11. ROBERT BOSCH GMBH
6.12. THYSSENKRUPP AG
6.13. ZF FRIEDRICHSHAFEN AG
7. RESEARCH METHODOLOGY & SCOPE
7.1. RESEARCH SCOPE & DELIVERABLES
7.2. SOURCES OF DATA
7.3. RESEARCH METHODOLOGY

TABLE LIST

TABLE 1: EUROPE AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: EUROPE AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 4: EUROPE ELECTRIC POWER STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 5: EUROPE ELECTRIC POWER STEERING SYSTEM MARKET, BY COMPONENTS, 2021-2028 (IN $ MILLION)
TABLE 6: EUROPE AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

FIGURE LIST

FIGURE 1: MARKET ATTRACTIVENESS INDEX
FIGURE 2: KEY IMPACT ANALYSIS
FIGURE 3: PRODUCTION OF AUTOMOBILES (2016-2020)
FIGURE 4: EUROPE AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2020 & 2028 (IN %)
FIGURE 5: EUROPE AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC STEERING SYSTEM, 2021-2028 (IN $ MILLION)
FIGURE 6: EUROPE AUTOMOTIVE STEERING SYSTEM MARKET, BY COLUMN-ASSIST TYPE (C-EPS), 2021-2028 (IN $ MILLION)
FIGURE 7: EUROPE AUTOMOTIVE STEERING SYSTEM MARKET, BY PINION-ASSIST TYPE (C-EPS), 2021-2028 (IN $ MILLION)
FIGURE 8: EUROPE AUTOMOTIVE STEERING SYSTEM MARKET, BY DIRECT DRIVE TYPE (D-EPS), 2021-2028 (IN $ MILLION)
FIGURE 9: EUROPE AUTOMOTIVE STEERING SYSTEM MARKET, BY RACK-ASSIST TYPE (R-EPS), 2021-2028 (IN $ MILLION)
FIGURE 10: EUROPE AUTOMOTIVE STEERING SYSTEM MARKET, BY STEERING RACK/COLUMN, 2021-2028 (IN $ MILLION)
FIGURE 11: EUROPE AUTOMOTIVE STEERING SYSTEM MARKET, BY SENSOR, 2021-2028 (IN $ MILLION)
FIGURE 12: EUROPE AUTOMOTIVE STEERING SYSTEM MARKET, BY STEERING MOTOR, 2021-2028 (IN $ MILLION)
FIGURE 13: EUROPE AUTOMOTIVE STEERING SYSTEM MARKET, BY OTHER COMPONENT TYPES, 2021-2028 (IN $ MILLION)
FIGURE 14: EUROPE AUTOMOTIVE STEERING SYSTEM MARKET, BY HYDRAULIC STEERING SYSTEM, 2021-2028 (IN $ MILLION)
FIGURE 15: EUROPE AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRO-HYDRAULIC, 2021-2028 (IN $ MILLION)
FIGURE 16: EUROPE AUTOMOTIVE STEERING SYSTEM MARKET, BY STEER BY WIRE, 2021-2028 (IN $ MILLION)
FIGURE 17: EUROPE AUTOMOTIVE STEERING SYSTEM MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 18: UNITED KINGDOM AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 19: GERMANY AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 20: FRANCE AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 21: SPAIN AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 22: ITALY AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 23: RUSSIA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 24: REST OF EUROPE AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)

The post EUROPE AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 first appeared on CRI Report.

According to CRI’s report, the automotive steering system market in the Asia-Pacific is expected to develop with a CAGR of 5.63% in the forecasting years from 2021 to 2028. Japan, India, China, ASEAN countries, South Korea, and Rest of Asia-Pacific together shape the market in this region.
In 2020, India was the fifth-largest automobile market in the world, with a total of 3.49 million units sold in the commercial and passenger vehicles categories. It was also the seventh-largest commercial vehicle manufacturer in 2019. The country has a growing middle class and a young population, owing to which the two-wheelers segment here dominates the market in terms of volume. Moreover, companies are showing a growing interest in exploring rural markets, which is further aiding the growth of the sector.
India is also a major automotive exporter, and a significant increase in exports is expected in the near future. Additionally, several initiatives by the Government of India and eminent automobile players in this market are expected to make the nation a leader in the two-wheeler & four-wheeler automotive market.
The trends for the automotive steering system market show a continuous rise in vehicle sales, which can be attributed to the substantial rise in the need for motor vehicles. And with major OEMs considerably investing in this sector, this trend is anticipated to gain more popularity over a few years. The rise in the installation of automotive steering systems to control vehicles’ direction also acts as a key driving factor for the studied market. Besides, the surge in the cases of road accidents causes damage to the steering system or its components, which consequently augments the demand for steering systems.

COMPETITIVE OUTLOOK

The leading players in the automotive steering system market include Mitsubishi Electric Corporation, JTEKT Corporation, NSK Ltd, Nexteer Automotive Corporation, Hyundai Mobis, and Mando Corporation.

TABLE OF CONTENTS

1. ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET – SUMMARY
2. INDUSTRY OUTLOOK
2.1. IMPACT OF COVID-19 ON THE AUTOMOTIVE STEERING SYSTEM INDUSTRY
2.2. KEY INSIGHTS
2.2.1. ADOPTION OF SENSORS
2.2.2. ADAS (ADVANCED DRIVER ASSISTANCE SYSTEMS) ADOPTION IN AUTOMOTIVE
2.2.3. USAGE OF TECHNOLOGICALLY ADVANCED EPS
2.3. PORTER’S FIVE FORCES ANALYSIS
2.3.1. THREAT OF NEW ENTRANTS
2.3.2. THREAT OF SUBSTITUTE
2.3.3. BARGAINING POWER OF BUYERS
2.3.4. BARGAINING POWER OF SUPPLIERS
2.3.5. THREAT OF COMPETITIVE RIVALRY
2.4. MARKET ATTRACTIVENESS INDEX
2.5. VENDOR SCORECARD
2.6. KEY IMPACT ANALYSIS
2.6.1. FUEL CONSUMPTION
2.6.2. CO2 EMISSION
2.6.3. MAINTENANCE
2.7. KEY MARKET STRATEGIES
2.7.1. PRODUCT LAUNCHES
2.7.2. CONTRACTS & PARTNERSHIPS
2.7.3. BUSINESS EXPANSIONS & DIVESTITURES
2.8. MARKET DRIVERS
2.8.1. GROWING DEMAND FOR MORE FUNCTIONS IN ELECTRONIC CONTROL UNIT (ECU)
2.8.2. STRINGENT FUEL EFFICIENCY NORMS
2.9. MARKET CHALLENGES
2.9.1. HIGH COST OF AUTOMOTIVE
2.9.2. AUTONOMOUS FEATURES IN CARS
2.10. MARKET OPPORTUNITIES
2.10.1. POSITIVE OUTLOOK FOR AUTOMOTIVE PRODUCTION
2.10.2. GROWING NUMBER OF ELECTRIC VEHICLES
3. ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET OUTLOOK – BY VEHICLE TYPE
3.1. ICE-DRIVEN
3.2. ELECTRIC VEHICLES
3.2.1. PHEV (PLUG-IN HYBRID ELECTRIC VEHICLE)
3.2.2. BEV (BATTERY ELECTRIC VEHICLE)
3.2.3. FCEV (FUEL CELL ELECTRIC VEHICLE)
3.2.4. HEV (HYBRID ELECTRIC VEHICLE)
4. ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET OUTLOOK – BY TYPE
4.1. ELECTRIC STEERING SYSTEM
4.1.1. ELECTRIC POWER STEERING SYSTEM BY TYPE
4.1.1.1. COLUMN-ASSIST TYPE (C-EPS)
4.1.1.2. PINION-ASSIST TYPE (P-EPS)
4.1.1.3. DIRECT DRIVE TYPE (D-EPS)
4.1.1.4. RACK-ASSIST TYPE (R-EPS)
4.1.2. ELECTRIC POWER STEERING SYSTEM BY COMPONENTS
4.1.2.1. STEERING RACK/COLUMN
4.1.2.2. SENSOR
4.1.2.3. STEERING MOTOR
4.1.2.4. OTHER COMPONENT TYPES
4.2. HYDRAULIC STEERING SYSTEM
4.3. ELECTRO-HYDRAULIC
4.4. STEER BY WIRE
5. ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET – REGIONAL OUTLOOK
5.1. CHINA
5.2. JAPAN
5.3. INDIA
5.4. SOUTH KOREA
5.5. ASEAN COUNTRIES
5.6. REST OF ASIA PACIFIC
6. COMPETITIVE LANDSCAPE
6.1. CHINA AUTOMOTIVE SYSTEMS INC
6.2. DENSO CORPORATION
6.3. HITACHI ASTEMO LTD
6.4. HONDA MOTOR COMPANY
6.5. HYUNDAI MOBIS
6.6. JTEKT CORPORATION
6.7. MANDO CORPORATION
6.8. MITSUBISHI ELECTRIC CORPORATION
6.9. NEXTEER AUTOMOTIVE CORPORATION
6.10. NSK LTD
6.11. ROBERT BOSCH GMBH
6.12. THYSSENKRUPP AG
6.13. ZF FRIEDRICHSHAFEN AG
7. RESEARCH METHODOLOGY & SCOPE
7.1. RESEARCH SCOPE & DELIVERABLES
7.2. SOURCES OF DATA
7.3. RESEARCH METHODOLOGY

TABLE LIST

TABLE 1: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 4: ASIA-PACIFIC ELECTRIC POWER STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC ELECTRIC POWER STEERING SYSTEM MARKET, BY COMPONENTS, 2021-2028 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

FIGURE LIST

FIGURE 1: MARKET ATTRACTIVENESS INDEX
FIGURE 2: KEY IMPACT ANALYSIS
FIGURE 3: PRODUCTION OF AUTOMOBILES (2016-2020)
FIGURE 4: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2020 & 2028 (IN %)
FIGURE 5: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC STEERING SYSTEM, 2021-2028 (IN $ MILLION)
FIGURE 6: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY COLUMN-ASSIST TYPE (C-EPS), 2021-2028 (IN $ MILLION)
FIGURE 7: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY PINION-ASSIST TYPE (C-EPS), 2021-2028 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY DIRECT DRIVE TYPE (D-EPS), 2021-2028 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY RACK-ASSIST TYPE (R-EPS), 2021-2028 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY STEERING RACK/COLUMN, 2021-2028 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY SENSOR, 2021-2028 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY STEERING MOTOR, 2021-2028 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY OTHER COMPONENT TYPES, 2021-2028 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY HYDRAULIC STEERING SYSTEM, 2021-2028 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRO-HYDRAULIC, 2021-2028 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY STEER BY WIRE, 2021-2028 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 18: CHINA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 19: JAPAN AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 20: INDIA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 21: SOUTH KOREA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 22: ASEAN COUNTRIES AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 23: REST OF ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)

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