Global Automobile Steering System Market Growth 2025-2031

The global Automobile Steering System market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

United States market for Automobile Steering System is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Automobile Steering System is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Automobile Steering System is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Automobile Steering System players cover Nexteer Automotive Group, ZF Friedrichshafen AG, NSK, Aptiv, JTEKT, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Automobile Steering System Industry Forecast” looks at past sales and reviews total world Automobile Steering System sales in 2024, providing a comprehensive analysis by region and market sector of projected Automobile Steering System sales for 2025 through 2031. With Automobile Steering System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automobile Steering System industry.

This Insight Report provides a comprehensive analysis of the global Automobile Steering System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automobile Steering System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Automobile Steering System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automobile Steering System and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automobile Steering System.

This report presents a comprehensive overview, market shares, and growth opportunities of Automobile Steering System market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

Mechanically Hydraulic Power Steering

Mechanical Steering System

Electronic Power Steering

Steer-By-Wire System

Electro-Hydraulic Power Steering

Other

Segmentation by Application:

Passenger Vehicles

Commercial Vehicles

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

Nexteer Automotive Group

ZF Friedrichshafen AG

NSK

Aptiv

JTEKT

Luxshare Precision Industry

Bosch

TRW

Sona

Mando

Yubei Koyo Steering System

Nasen Automotive Electronics

Baoding Branch of Honeycomb Intelligent Steering System

Dias Automotive Electronic Systems

Zhejiang Shibao

IKD

Wolei Intelligent Sci-tech

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automobile Steering System market?

What factors are driving Automobile Steering System market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automobile Steering System market opportunities vary by end market size?

How does Automobile Steering System break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.