The Automotive Steering System Market is expected to reach USD 41.70 billion by 2033, up from USD 18.33 billion in 2023, expanding at a compound annual growth rate (CAGR) of 4.94% from 2023 to 2033. This market includes the production and distribution of steering mechanisms essential for vehicle control and direction. These systems consist of components like the steering wheel, column, rack, and pinion, and frequently incorporate advanced technologies such as electric power steering (EPS) and steer-by-wire systems. The market's growth is fueled by increasing vehicle production, a rising demand for advanced driver-assistance systems (ADAS), and the trend towards electric and autonomous vehicles. Key players in this market are major automotive component manufacturers and technology firms that are innovating in steering technologies.
The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.
Segments covered
By Type (Column-Eps (C-Eps), Pinion-Eps (P-Eps), Rack-Eps (R-Eps))
By Component (Hydraulic Pump, Steering Column, Steering Wheel Speed Sensor, Electric Motor)
By Technology (Electric Power Steering (EPS), Electrically Assisted Hydraulic Power Steering (EHPS), Hydraulic Power Steering (HPS))
By Vehicle Type (Passenger Car(PC), Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV))
Key players
JTEKT Corporation
Robert Bosch
Nexteer Automotive Group Limited
China Automotive Systems Inc.
Mando Corporation
ThyssenKrupp Presta
Showa Corporation
Hyundai Mobis Co. Ltd
Sona Koyo Steering Systems Ltd.
NSK Ltd
- CHAPTER 1. Executive Summary
- CHAPTER 2. Scope of the Study
- 2.1. Market Definition
- 2.2. Market Scope & Segmentation
- 2.2.1. Objective of Report
- CHAPTER 3. Evolve BI Methodology
- 3.1. Data Collection & Validation Approach
- 3.2. Market Size Estimation and Forecast
- CHAPTER 4. Exclusive Analysis
- 4.1. Market Opportunity Score
- 4.1.1. Type Segement – Market Opportunity Score
- 4.1.2. Component Segment – Market Opportunity Score
- 4.1.3. Technology Segment – Market Opportunity Score
- 4.1.4. Vehicle Type Segment – Market Opportunity Score
- 4.2. Key Market Influencing Indicators
- CHAPTER 5. Market Insights and Trends
- 5.1. Value Chain Analysis
- 5.1.1. Type
- 5.1.2. Manufacturing Process
- 5.1.3. Distribution Channel
- 5.1.4. End User
- 5.2. Porter’s Five Forces Analysis
- 5.2.1. Bargaining Power of Buyers
- 5.2.2. Bargaining Power of Suppliers
- 5.2.3. Threat of New Entrant
- 5.2.4. Threat of Substitute
- 5.2.5. Industry Rivalry
- 5.3. COVID-19 Impact and Post COVID Scenario on Automotive Steering System Market
- 5.3.1. Impact of COVID-19
- 5.3.2. Government Support and Industry Revival Policies
- 5.3.3. Measures Taken by Companies to Mitigate Negative Impact
- 5.3.4. Post COVID Trend
- CHAPTER 6. MArket Dynamics
- 6.1. Introduction
- 6.2. Drivers
- 6.2.1. Driver 1
- 6.2.2. Driver 2
- 6.2.3. Driver 3
- 6.3. Restraints
- 6.3.1. Restraint 1
- 6.3.2. Restraint 2
- 6.4. Opportunity
- 6.4.1. Opportunity 1
- CHAPTER 7. Global Automotive Steering System Market, By Type
- 7.1. Introduction
- 7.1.1. Column-EPS (C-Eps)
- 7.1.2. Pinion-EPS (P-Eps)
- 7.1.3. Rack-EPS (R-Eps)
- CHAPTER 8. Global Automotive Steering System Market, By Component
- 8.1. Introduction
- 8.1.1. Hydraulic pump
- 8.1.2. Steering column
- 8.`1.3. Steering wheel speed sensor
- 8.1.4. Electric motor
- CHAPTER 9. Global Automotive Steering System Market, By Technology
- 9.1. Introduction
- 9.1.1. Electric power steering (EPS)
- 9.1.2. Electrically assisted hydraulic power steering (EHPS)
- 9.1.3. Hydraulic power steering (HPS)
- CHAPTER 10. Global Automotive Steering System Market, By Vehicle Type
- 10.1. Introduction
- 10.1.1. Passenger car (PC)
- 10.1.2. Light commercial vehicle (LCV)
- 10.1.3. Heavy commercial vehicle (HCV)
- CHAPTER 11. Global Automotive Steering System Market, By Region
- 11.1. Introduction
- 11.2. NORTH AMERICA
- 11.2.1. North America: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
- 11.2.2. North America: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.2.3. North America: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.2.4. North America: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.2.5. North America: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.2.6. US
- 11.2.6.1. US: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.2.6.2. US: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.2.6.3. US: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.2.6.4. US: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.2.7. CANADA
- 11.2.7.1. Canada: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.2.7.2. Canada: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.2.7.3. Canada: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.2.7.4. Canada: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.2.8. MEXICO
- 11.2.8.1. Mexico: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.2.8.2. Mexico: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.2.8.3. Mexico: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.2.8.4. Mexico: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.3. Europe
- 11.3.1. Europe: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
- 11.3.2. Europe: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.3.3. Europe: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.3.4. Europe: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.3.5. Europe: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.3.6. U.K.
- 11.3.6.1. U.K.: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.3.6.2. U.K.: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.3.6.3. U.K.: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.3.6.4. U.K.: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.3.7. GERMANY
- 11.3.7.1. Germany: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.3.7.2. Germany: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.3.7.3. Germany: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.3.7.4. Germany: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.3.8. FRANCE
- 11.3.8.1. France: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.3.8.2. France: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.3.8.3. France: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.3.8.4. France: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.3.9. ITALY
- 11.3.9.1. Italy: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.3.9.2. Italy: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.3.9.3. Italy: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.3.9.4. Italy: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.3.10. SPAIN
- 11.3.10.1. Spain: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.3.10.2. Spain: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.3.10.3. Spain: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.3.10.4. Spain: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.3.11. BENELUX
- 11.3.11.1. BeNeLux: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.3.11.2. BeNeLux: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.3.11.3. BeNeLux: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.3.11.4. BeNeLux: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.3.12. RUSSIA
- 11.3.12.1. Russia: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.3.12.2. Russia: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.3.12.3. Russia: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.3.12.4. Russia: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.3.13. REST OF EUROPE
- 11.3.13.1. Rest of Europe: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.3.13.2. Rest of Europe: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.3.13.3. Rest of Europe: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.3.13.4. Rest of Europe: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.4. Asia Pacific
- 11.4.1. Asia Pacific: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
- 11.4.2. Asia Pacific: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.4.3. Asia Pacific: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.4.4. Asia Pacific: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.4.5. Asia Pacific: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.4.6. CHINA
- 11.4.6.1. China: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.4.6.2. China: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.4.6.3. China: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.4.6.4. China: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.4.7. JAPAN
- 11.4.7.1. Japan: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.4.7.2. Japan: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.4.7.3. Japan: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.4.7.4. Japan: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.4.8. INDIA
- 11.4.8.1. India: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.4.8.2. India: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.4.8.3. India: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.4.8.4. India: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.4.9. SOUTH KOREA
- 11.4.9.1. South Korea: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.4.9.2. South Korea: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.4.9.3. South Korea: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.4.9.4. South Korea: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.4.10. THAILAND
- 11.4.10.1. Thailand: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.4.10.2. Thailand: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.4.10.3. Thailand: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.4.10.4. Thailand: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.4.11. INDONESIA
- 11.4.11.1. Indonesia: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.4.11.2. Indonesia: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.4.11.3. Indonesia: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.4.11.4. Indonesia: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.4.12. MALAYSIA
- 11.4.12.1. Malaysia: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.4.12.2. Malaysia: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.4.12.3. Malaysia: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.4.12.4. Malaysia: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.4.13. AUSTRALIA
- 11.4.13.1. Australia: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.4.13.2. Australia: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.4.13.3. Australia: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.4.13.4. Australia: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.4.14. REST FO ASIA PACIFIC
- 11.4.14.1. Rest fo Asia Pacific: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.4.14.2. Rest fo Asia Pacific: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.4.14.3. Rest fo Asia Pacific: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.4.14.4. Rest fo Asia Pacific: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.5. South America
- 11.5.1. South America: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
- 11.5.2. South America: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.5.3. South America: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.5.4. South America: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.5.5. South America: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.5.6. BRAZIL
- 11.5.6.1. Brazil: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.5.6.2. Brazil: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.5.6.3. Brazil: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.5.6.4. Brazil: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.5.7. ARGENTINA
- 11.5.7.1. Argentina: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.5.7.2. Argentina: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.5.7.3. Argentina: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.5.7.4. Argentina: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.5.8. REST OF SOUTH AMERICA
- 11.5.8.1. Rest of South America: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.5.8.2. Rest of South America: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.5.8.3. Rest of South America: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.5.8.4. Rest of South America: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.6. Middle East & Africa
- 11.6.1. Middle East & Africa: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
- 11.6.2. Middle East & Africa: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.6.3. Middle East & Africa: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.6.4. Middle East & Africa: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.6.5. Middle East & Africa: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.6.6. SAUDI ARABIA
- 11.6.6.1. Saudi Arabia: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.6.6.2. Saudi Arabia: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.6.6.3. Saudi Arabia: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.6.6.4. Saudi Arabia: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.6.7. UAE
- 11.6.7.1. UAE: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.6.7.2. UAE: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.6.7.3. UAE: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.6.7.4. UAE: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.6.8. EGYPT
- 11.6.8.1. Egypt: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.6.8.2. Egypt: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.6.8.3. Egypt: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.6.8.4. Egypt: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.6.9. SOUTH AFRICA
- 11.6.9.1. South Africa: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.6.9.2. South Africa: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.6.9.3. South Africa: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.6.9.4. South Africa: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- 11.6.10. REST OF MIDDLE EAST & AFRICA
- 11.6.10.1. Rest of Middle East & Africa: Market Size and Forecast, By Type, 2023 – 2033 ($ Million)
- 11.6.10.2. Rest of Middle East & Africa: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
- 11.6.10.3. Rest of Middle East & Africa: Market Size and Forecast, By Technology, 2023 – 2033 ($ Million)
- 11.6.10.4. Rest of Middle East & Africa: Market Size and Forecast, By Vehicle Type, 2023 – 2033 ($ Million)
- CHAPTER 12. Competitive Landscape
- 12.1. Competitior Benchmarking 2023
- 12.2. Market Share Analysis
- 12.3. Key Developments Analysis By Top 5 Companies
- 12.4. Market Share Acquisition Strategies: Analysis of Key Approaches Employed by Top Players
- CHAPTER 13. Company Profiles
- 13.1. JTEKT Corporation
- 13.1.1. Business Overview
- 13.1.2. Financial Analysis
- 13.1.2.1. Business Segment Revenue, 2018, 2019, 2020, $ Million
- 13.1.2.2. Geographic Revenue Mix, 2020 (% Share)
- 13.1.3. Product Portfolio
- 13.1.4. Recent Development and Strategies Adopted
- 13.1.5. SWOT Analysis
- 13.2. Robert Bosch
- 13.3. Nexteer Automotive Group Limited
- 13.4. China Automotive Systems Inc.
- 13.5. Mando Corporation
- 13.6. ThyssenKrupp Presta
- 13.7. Showa Corporation
- 13.8. Hyundai Mobis Co. Ltd
- 13.9. Sona Koyo Steering Systems Ltd.
- 13.10. NSK Ltd
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