Automotive Steering System Market – 2019 Share, Size, Growth, Trends, Regional Analysis With Global Industry Forecast To 2023
Automotive Steering System Market 2019 Global Industry Forecast to 2023 is latest report published by Market Research Future. Global Automotive Steering System Market is to grow at 7% CAGR by 2023. Global Automotive Steering System Market by Steering System, components, Vehicle, End Market and region with Forecast To 2023.
Pune, India – August 7, 2019 /MarketersMedia/ —
Automotive Steering System Market 2019 Global Size, Growth Trends, And Regional Outlook to 2023 is latest report published by Market Research Future. Global Automotive Steering System Market is to grow at healthy 7% CAGR by 2023. Global Automotive Steering System Market by Steering System (Manual, Electrically Powered, Electro-Hydraulic Powered, Hydraulic Powered), components (Hydraulic pump, Steering Sensor & column Electric Motor), Vehicle Type, End Market and region with Forecast To 2023.
Automotive Steering System Key Players Analyzed in Report:
China Automotive System Inc. (China), JTEKT Corporation (Japan), Mitsubishi Electric Corporation (Japan), Nexteer Automotive (USA), Robert Bosch Automotive Steering Gmbh (Germany), Sona Koyo Steering System Ltd. (India), ThyssenKrupp Presta (USA), and TRW Automotive Holdings (USA).
Get Free Sample “Automotive Steering System Market Research Report-Global Forecast till 2023” at: https://www.marketresearchfuture.com/sample_request/1814
Automotive Steering System Market Highlights:
Rapid-paced Urbanization Projected to Ameliorate the Global Automotive Steering System Market Standing. Market Research Future (MRFR) in an exclusive report grabs an in-depth understanding of the global automotive steering system market and provides a detailed outlook of the same. It projects the global market for automotive steering system to attain a CAGR of 7% during the forecast period between 2019 and 2023.
The major factor contributing to the growth of the global automotive steering system market is the growing vehicle production across the globe. Other factors contributing to the market include the booming automotive industry, the prevalence of steering systems, the craze for self-driving cars, technological developments, and lastly, the awareness about automotive steering system among the consumers. The booming automotive industry, one which is experiencing increasing production and sales across the world, is expected to be one of the driving factors of the global market.
However, high rate of investment capital and prevalent concerns regarding the establishment of autonomous vehicles is expected to impede the growth of the market.
Global Automotive Steering System Market Segments:
The global automotive steering system market segmentation is based upon the following segments: components, steering system, vehicle type, and sales/distribution channel.
By vehicle type, the market divides into commercial and passenger vehicle.
By steering systems, the market comprises electrically powered, manual, electro-hydraulic powered, and hydraulic powered systems.
By components, the market includes steering sensor & column, hydraulic pump, and electric motor.
By sales channel, the market includes OEM & aftermarket.
Global Automotive Steering System Market Regional Overview:
The regional segmentation of the global automotive steering system market segments the global market into regional markets namely North America, Asia Pacific, Europe, and rest of the world (RoW).
Although vehicle production is growing around the world, the fastest growth is visible in the Asia Pacific region. The Asia Pacific segment is also the largest regional market. Being dependent on the automotive industry, the market of automotive steering can witness increase or decrease anytime due to rising or reducing demand for automotive. Major factors for market growth in this region are economic growth, rising disposable income, increasing investment in the automotive steering system, growing urbanization, and rapid industrialization. In this region, the vital country-specific markets are China, India, and Japan, followed by the remaining countries of the Asia Pacific region.
The North American region is another significant region in the global landscape. It holds a large share of the global market and is expected to expand at a striking pace in the coming years. The presence of major manufacturers in this region creates new opportunities for research and development activities and for new technologies to be developed in the market. The well-established automotive industry herein is also expected to create potential opportunities for the automotive steering system market to witness impressive growth during the review period.
Europe is another significant regional market due to the high density of population, established automotive industry, high level of technological advancement that is second only to North America, and presence of many key market players. The main country-specific markets in this region are France, Germany, Italy, Spain, and the UK, followed by the remaining countries of Europe.
TABLE OF CONTENTS:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continued…
List Of Tables:
TABLE 1 GLOBAL AUTOMOTIVE STEERING SYSTEMS MARKET, BY VEHICLE TYPE, 2014-2023 (USD MILLION) 24
TABLE 2 GLOBAL AUTOMOTIVE STEERING SYSTEMS MARKET, BY COMPONENTS, 2014-2023 (USD MILLION) 27
TABLE 3 GLOBAL AUTOMOTIVE STEERING SYSTEMS MARKET, BY REGION, 2014-2023 (USD MILLION) 29
TABLE 4 NORTH AMERICA: AUTOMOTIVE STEERING SYSTEMS MARKET, BY COUNTRY, 2014-2023 (USD MILLION) 30
TABLE 5 NORTH AMERICA: AUTOMOTIVE STEERING SYSTEMS MARKET, BY VEHICLE TYPE, 2014-2023 (USD MILLION) 31
TABLE 6 NORTH AMERICA: AUTOMOTIVE STEERING SYSTEMS MARKET, BY COMPONENTS, 2014-2023 (USD MILLION) 32
TABLE 7 U.S.: AUTOMOTIVE STEERING SYSTEMS MARKET, BY VEHICLE TYPE, 2014-2023 (USD MILLION) 33
TABLE 8 U.S.: AUTOMOTIVE STEERING SYSTEMS MARKET, BY COMPONENTS, 2014-2023 (USD MILLION) 33
TABLE 9 CANADA: AUTOMOTIVE STEERING SYSTEMS MARKET, BY VEHCILE TYPE, 2014-2023 (USD MILLION) 34
Continued…
LIST OF FIGURES:
FIGURE 1 RESEARCH PROCESS OF MRFR 13
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH 15
FIGURE 3 DRIVERS & RESTRAINTS IMPACT ANALYSIS OF GLOBAL AUTOMOTIVE STEERING SYSTEMS MARKET 17
FIGURE 4 GLOBAL VEHICLE PRODUCTION, UNITS (2013-2016) 18
FIGURE 5 PORTER’S FIVE FORCES ANALYSIS OF GLOBAL AUTOMOTIVE STEERING SYSTEMS MARKET 20
FIGURE 6 GLOBAL AUTOMOTIVE STEERING SYSTEMS MARKET, BY VEHICLE TYPE, 2015 (% SHARE) 23
FIGURE 7 GLOBAL AUTOMOTIVE STEERING SYSTEMS MARKET, BY VEHICLE TYPE, 2014 TO 2027 (USD MILLION) 24
FIGURE 8 GLOBAL AUTOMOTIVE STEERING SYSTEMS MARKET, BY COMPONENTS, 2015 (%) 26
FIGURE 9 GLOBAL AUTOMOTIVE STEERING SYSTEMS MARKET, BY COMPONENTS, 2014 TO 2027 (USD MILLION) 26
Continued…
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