Global Automotive Steering Systems Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2025

The global automated steering systems market is anticipated to grow at a CAGR of nearly 4.6% during the forecast period (2021-2027). The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. The recent development in autonomous technologies has also broadened the market for future growth.

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For instance, in June 2021, China Automotive Systems, Inc., a power steering components and systems supplier in China, announced that its subsidiary, Hubei Henglong Automotive Systems Group Co. Ltd., purchased 40% interest in the issued share capital of a Swedish automotive technology company, Sentiment AB. The company is specialized in software development and hardware design which would help China Automotive Systems in the advanced steering functions, vehicles motion control and autonomous driving. Sentient's motion control technology has been tested and demonstrated on electric power steering (EPS), steer-by-wire, angle-overlay systems, and fully autonomous vehicles; National Highway Traffic Safety Administration (NHTSA) level 3 to level 5.

Market Coverage

·        The market number available for – 2020-2027

·        Base year- 2020

·        Forecast period- 2021-2027

·        Segment Covered

·        Regions Covered- Globally

Competitive Landscape- China Automotive Systems Inc., JTEKT Corporation, Nexteer Automotive, Mando Corporation, and ThyssenKrupp Presta AG, among others.

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A full Report of Global Automotive Steering Systems Market is Available at:  https://www.omrglobal.com/industry-reports/automotive-steering-systems-market

Global Crude Steel Market Report Segment

By Technology

•             Hydraulic Power Steering

•             Electronic Power Steering

•             Electro-Hydraulic Power Steering

By Mechanism

•             Collapsible

•             Rigid

By End-Users

•             Passenger Vehicles

•             Commercial Vehicles

Global Automotive Steering Systems Market Report Segment by Region

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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1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

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