Global Automotive Steering Systems Market Insights, Forecast to 2025

Automotive Steering Systems refers to a series of devices used to change or maintain the direction of the vehicle; its function is to control the direction according to the driver’s aim. Automotive steering system is one of the most basic systems of the vehicle.
The global automotive steering systems market is relatively concentrated; the sales of top eleven manufacturers account about 67% of total global sales in 2015. The largest manufacture of utomotive steering systems is JTEKT, its sales is 16642 K Unit in 2015. The next is Bosch and ZF.
Europe is the largest production region of automotive steering systems in 2015. In 2015, the production of automotive steering systems is about 25821 K Unit in Europe; its production of total global production exceeds 24.8%.The next is China. China will be the largest production region in 2016.
China is the largest consumer of automotive steering systems. In 2015, the consumption of automotive steering systems is about 25725 K Unit in China; its proportion of global market consumption exceeds 25.8%.
Global Automotive Steering Systems market size will reach 40200 million US$ by 2025, from 32500 million US$ in 2018, at a CAGR of 2.7% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Automotive Steering Systems.

This industry study presents the global Automotive Steering Systems market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Automotive Steering Systems production, revenue and market share by manufacturers, key regions and type;
The consumption of Automotive Steering Systems in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders JTEKT, Bosch, etc.

The following manufacturers are covered in this report:
JTEKT
Bosch
ZF
NSK
Nexteer Automobile
Thyssenkrupp
Mando
Mobis
Showa
Sona Koyo
CAAS

Automotive Steering Systems Breakdown Data by Type
EPS
HPS
EHPS
MS
Automotive Steering Systems Breakdown Data by Application
Passenger Vehicle
Commercial Vehicle

Automotive Steering Systems Production by Region
United States
Europe
China
Japan
South Korea
India
Other Regions

Automotive Steering Systems Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa

The study objectives are:
To analyze and research the global Automotive Steering Systems status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Automotive Steering Systems manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

In this study, the years considered to estimate the market size of Automotive Steering Systems :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025

This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Automotive Steering Systems market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.