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Worldwide Automotive Power Steering Systems Industry to 2028 - Players Include Hyundai Mobis, Mando and Daimler Among Others - ResearchAndMarkets.com

January 11, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Jan 11, 2021--

The “Automotive Power Steering Systems Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2020 to 2028” report has been added to ResearchAndMarkets.com’s offering.

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The automotive steering system is among the most integral parts installed in automobile vehicles. Steering systems allow the driver to control and maneuver the vehicle in the desired direction. The basic components of an automotive steering system include a steering wheel, steering column, universal joints, rack & pinion mechanism, and another control mechanism. Over the period of time, the overall automotive steering systems industry has witnessed a paradigm shift, in terms of the operating mechanism. The industry has evolved dynamically starting from rigid manual steering to flexible power-assisted steering systems. This provides easy maneuverability, better vehicle stability, and reduced driver fatigue. Additionally, power-assisted steering systems are designed to enhance fuel-efficiency, thereby driving the market penetration.

The overall automotive power steering systems market is primarily driven by the consistently growing automotive industry worldwide. With the rising discretionary income of the people worldwide, consumption of luxury and semi-luxury vehicles has risen considerably over the past couple of decades. Subsequently, automotive steering systems to have witnessed profound advancements in operating mechanism and comfort. Moreover, phasing out manual steering systems is another major factor propelling the demand for power steering systems. Due to continually growing automotive production along with demand for high-end vehicles, the market is set to continue growing steadily in the following years.

The report offers strategic insights into the global automotive power steering systems market along with the market size and estimates for the duration of 2018 to 2028. The said research study covers in-depth analysis of market segments based on product type, vehicle class, end-market and cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2019 & 2028. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities. In addition, the report includes a section providing insights on the key trends followed in the market.

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Companies Mentioned

  • Robert Bosch Automotive Steering GmbH
  • Mitsubishi Electric Corporation
  • Hyundai Mobis Co. Ltd.
  • JTEKT Corporation
  • ThyssenKrupp Presta AG
  • Nexteer Automotive Group Ltd.
  • ZF Friedrichshafen AG (TRW Automotive)
  • China Automotive Systems Inc.
  • Mando Corporation
  • Delphi Automotive Plc.
  • Daimler AG

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the automotive power steering systems industry
  • Comparative analysis for different segments for the years 2019 & 2028
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis including the positioning of market players and their business strategy analysis
  • Trailing 2-Year market size data (2018 - 2019)
  • SRC (Segment-Region-Country) Analysis

Key Topics Covered:

Chapter 1 Preface

Chapter 2 Executive Summary

2.1 Market Snapshot: Global Automotive Power Steering Systems Market

2.2 Global Automotive Power Steering Systems Market, By Product Type

2.3 Global Automotive Power Steering Systems Market, By Vehicle Class

2.4 Global Automotive Power Steering Systems Market, By End-market

2.5 Global Automotive Power Steering Systems Market, By Geography

Chapter 3 Market Dynamics

3.1 Market Overview

3.1.1 Global Automotive Power Steering Systems Market Revenue and Growth, 2018 - 2028, (US$ Bn) (Y-o-Y %)

3.2 Market Drivers

3.3 Market Growth Inhibitors

3.3.1 Impact Analysis of Drivers and Restraints

3.4 Key Market Trends and Future Outlook

3.5 Attractive Investment Proposition

3.6 Competitive Analysis

3.6.1 Market Positioning of Key Vendors

3.6.2 Key Strategies Adopted by the Leading Players

Chapter 4 Global Automotive Power Steering Systems Market Analysis, by Product Type

4.1 Market Analysis

4.2 Electronic Power Steering (EPS)

4.3 Hydraulic Power Steering (HPS)

4.4 Electronic & Hydraulic Power Steering (EHPS)

Chapter 5 Global Automotive Power Steering Systems Market Analysis, by Vehicle Class

5.1 Market Analysis

5.2 Passenger Cars

5.3 Light Commercial Vehicles (LCV)

5.4 Heavy Commercial Vehicles (LCV)

5.5 Off-road Vehicles

Chapter 6 Global Automotive Power Steering Systems Market Analysis, by End-market

6.1 Market Analysis

6.2 Original Equipment Manufacturers (OEMs)

6.3 Aftermarket

Chapter 7 North America Automotive Power Steering Systems Market Analysis

Chapter 8 Europe Automotive Power Steering Systems Market Analysis

Chapter 9 Asia Pacific Automotive Power Steering Systems Market Analysis

Chapter 10 Rest of the World (RoW) Automotive Power Steering Systems Market Analysis

Chapter 11 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/e7cqa5

View source version on businesswire.com:https://www.businesswire.com/news/home/20210111005851/en/

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KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE MANUFACTURING MANUFACTURING OTHER AUTOMOTIVE GENERAL AUTOMOTIVE AUTOMOTIVE

SOURCE: Research and Markets

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PUB: 01/11/2021 11:57 AM/DISC: 01/11/2021 11:57 AM

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