Automotive Steering System Market Size & Share, by Technology (Manual Steering, Electronic Steering, Hydraulic Steering, Electro-Hydraulic Steering); Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 4638
  • Published Date: Feb 17, 2023
  • Report Format: PDF, PPT

Companies Dominating the Automotive Steering System Landscape

    • JTEKT Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Hella KGaA Hueck & Co.
    • Nexteer Automotive Corporation
    • ZF Friedrichshafen AG
    • Robert Bosch GmbH
    • NSK Steering Systems Co., Ltd.
    • Mando Corp.
    • Mitsubishi Electric Corporation
    • China Automotive Systems, Inc.
    • ThyssenKrupp AG

Browse Key Market Insights with Data Illustration:


In The News

  • JTEKT Corporation has developed "Pairdriver", a human-centered automated steering control system, that realizes safe driving by sharing the steering of the vehicle between the driver and automation. Pairdriver is a remarkable response to the upcoming expansion of automated driving by making it seamless and providing an enhanced steering collaboration between driver and automation along with automated lane tracing.

  • Nexteer Automotive Corporation expanded the output capabilities of its pinion electric power steering (EPS) systems for meeting the needs of heavier electric vehicles (EVs) in segments B through D. The Dual Pinion-Assist EPS and Single Pinon-Assist EPS are new high output options that also joins the High-Out Rack Assist EPS system that was launched by the company before.

Author Credits:  Harshita Srivastava, Saima Khursheed

  • Report ID: 4638
  • Published Date: Feb 17, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Surge in the penetration of electromechanical steering systems and growing demand for steering wheel are the major factors driving the market growth.

The market is anticipated to attain a CAGR of 4% over the forecast period, i.e., 2023-2033.

Lack of awareness regarding IBS treatment and the side effects of IBS drugs are estimated to be the growth hindering factors for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Hella KGaA Hueck & Co., Nexteer Automotive Corporation, ZF Friedrichshafen AG, Robert Bosch GmbH, NSK Steering Systems Co., Ltd., Mando Corp., Mitsubishi Electric Corporation, China Automotive Systems, Inc., and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by technology, vehicle type, and by region.

The electronic steering segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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