What is the current Automotive Steering Market size?

The Automotive Steering Market is projected to register a CAGR of greater than 5.5% during the forecast period (2024-2029) Read More

Who are the key players in Automotive Steering Market?

Showa Corporation, Nexteer Automotive Corporation, NSK Ltd, JTEKT Corporation and Robert Bosch GmbH are the major companies operating in the Automotive Steering Market. Read More

Which is the fastest growing region in Automotive Steering Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Automotive Steering Market?

In 2024, the Asia Pacific accounts for the largest market share in Automotive Steering Market. Read More

What years does this Automotive Steering Market cover?

The report covers the Automotive Steering Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Steering Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Automotive Steering System Market - Share, Growth & Manufacturers

Automotive Steering System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Automotive Steering Market is segmented by Vehicle Type (Passenger Cars and Commercial Vehicles), Mechanism (Electronic Power Steering (EPS), Hydraulic Power Steering (HPS), and Electrically Assisted Hydraulic Power Steering), Component (Hydraulic Pump, Steering/ Column/ Rack, Sensors, Electric Motor, and Other Components), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report offers the market size in value (USD Billion) and forecasts for all the above segments.

Automotive Steering System Industry Overview

The Automotive Steering Market is dominated by several players, such as Robert Bosch GmbH, ZF Friedrichshafen AG, JTEKT Corporation, Nexteer Automotive Corporation, NSK Ltd, Mando Corporation, and Showa Corporation. These companies have been expanding their business with new innovative technologies to have a competitive edge.

December 2022: Robert Bosch Engineering and Business Solutions (RBEI) opened a new smart campus at HITEC City in Hyderabad to support its software-centric product innovations. The Centre of Excellence is a Technology and Innovation R&D center focusing on the Automotive Engineering domain, focusing on Classical Powertrain, Automotive Steering, and other components.
November 2022: Continental AG announced the completion of the third expansion of its Timișoara electronic components factory. Every year, the Timișoara electronic components factory produces over 17 million units of various products, including control units for multiple technologies such as air suspension, power steering, and many other onboard instruments.