The global automotive steering systems market is anticipated to grow at a significant CAGR of nearly 4.6% during the forecast period (2021-2027). The steering industry is one of the significant industries for all types of vehicle industries. With the introduction of automotive steering system technology, drivers could steer heavy vehicles easily as well as it allows engineers to improve steering response. The growing popularity of self-driving vehicles is rising the demand for the electric power steering systems globally, which will propel the growth of the automotive steering systems market. These systems also reduce weight, which indirectly increases the efficiency of the vehicles.
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The global automotive steering systems market is segmented based on the technology, mechanism, and end-users. Based on the Technology, the market is segmented into electronic power steering, hydraulic power steering, and electro-hydraulic power steering. Based on the mechanism, the market is bifurcated into collapsible and rigid. Based on the end-users, the market is segmented into passenger vehicles and commercial vehicles.
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Global Automotive Steering Systems Market Segmentation
By Technology
- Electrical Power Steering
- Hydraulic Power Steering
- Electro-Hydraulic Power Steering
- By Mechanism
- Collapsible
- Rigid
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- D&L Technologies
- Delphi Technologies
- GKN
- Greased Lightning
- Hitachi Astemo
- Hyundai Mobis Co. Ltd.
- Invasion Automotive Products
- Kevin Cook Foundation Inc.
- Kotec America Inc.
- Maclube Oil, Co.
- Mitsubishi Electric Corp.
- NSK Ltd.
- Overnight Same-Day Transport LLC
- Robert Bosch Automotive Steering GmbH
- Showa Corp.
- SIC Autoparts, LLC
- Sona Koyo Steering Systems Ltd.
- Tenneco
- Wire Cloth Filter Manufacturing Co.
- ZF Friedrichshafen AG
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