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Automotive Steering System Market

• July

Report Id FACT43MRCategory
Automotive Published Date 2021-07-29
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Research Methodology (1/2)

• Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
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Automotive Steering System Market Analysis
Automotive Steering System Market Analysis, By
Type (Hydraulic Powered Automotive Steering
System, Electrically Powered Automotive Steering
System), By Vehicle Type (Automotive Steering
Systems for Passenger Vehicles - Global Survey
2021-2031 The recently published market study by
Fact.MR highlights the current trends that are
expected to influence the dynamics of the
Automotive Steering System Market in the upcoming
years. The report introspects the supply chain,
cost structure, and recent developments
pertaining to the Automotive Steering System
Market in the report and the impact of the
COVID-19 on these facets of the market. Further,
the micro and macro-economic factors that are
likely to impact the growth of the Automotive
Steering System Market are thoroughly studied in
the presented market study. For detailed
insights on enhancing your product footprint,
request for a sample here  https//www.factmr.com
/connectus/sample?flagSrep_id43 Effective
steering systems are the crux of efficient
automobiles. Technological advancements have
improved automotive steering systems, enabling
drivers with risk-less maneuvering. Increasing
developments in working of automobiles are
compelling manufacturers to rev up their existing
steering systems. With new engines, tomorrows
automotive steering system will be highly safe
for vehicle passengers.
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Automotive Steering System Market Analysis
Following pointers are highlights from Fact.MRs
report, providing an insightful outlook on the
future of global automotive steering system
market through 2022. In 2017, the Asia-Pacific
excluding Japan (APEJ) region will be dominating
the global automotive steering system market in
terms of revenue. By the end of 2022, the APEJ
automotive steering system market will have
reached an estimated value of US 14.2
Bn. Europes automotive steering system market,
on the other hand, is anticipated to record
revenue growth at steady CAGR during the forecast
period. In US and Canada, automotive steering
system sales are expected to bring in US 7 Bn by
the end of 2017. Demand for electric power
steering (EPS) systems is currently gaining
traction. In 2017, more than US 12 Bn global
revenues will be accounted by sales of EPS
systems. Manual steering systems will lose their
market presence towards the end of forecast
period, recording a sluggish revenue growth at
moderate CAGR. By the end of 2022, more than US
23 Bn revenues will be accounted by sales of
automotive steering systems in passenger cars
across the globe. The demand for automotive
steering system in other vehicle types will also
be prominent, but passenger cars will be at the
forefront of global automotive steering system
market contribution.
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Automotive Steering System Market Analysis
Key Segments Covered Type Hydraulic Powered
Automotive Steering System Electrically Powered
Automotive Steering System Vehicle
Type Automotive Steering Systems for Passenger
Vehicles Automotive Steering Systems for Light
Commercial  Vehicles (LCV) Automotive Steering
Systems for Heavy Commercial Vehicles
(HCV) Sales Channel Automotive Steering Systems
for OEMs Automotive Steering Systems for
Aftermarkets Request Customisation
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p_id43
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Automotive Steering System Market Analysis
Key Companies Profiled  Nexteer Automotive Group
Limited JTEKT Corporation ThyssenKrupp AG NSK
Ltd. Mitsubishi Electric Corporation China
Automotive Systems Inc. Sona Koyo Steering
Systems Limited Robert Bosch Limited
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