Automotive Steering Systems Industry Overview:
The Automotive Steering Systems Industry study gives a complete view of the competition, including the Industry share and company profiles of the worldwide industry’s leading competitors. The scope of the research includes a full assessment of the Automotive Steering Systems Industry, as well as the reasons for variations in the industry’s growth across a number of sectors.
Automotive Steering Systems Industry Scope:
To validate the Industry size and estimate the Industry size by different segments, top-down and bottom-up methodologies are utilized. The research’s Industry estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, Industry shares, and segment breakdowns. The percentage adoption or usage of the provided Industry Size in the relevant area or nation is used to determine the country-wise splits of the overall Industry and its sub-segments.
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The automotive steering system market is divided into three segments based on vehicle type: passenger cars, light commercial vehicles, and heavy commercial vehicles. Because of rising sales and production in Asia Pacific emerging nations, the passenger car category is expected to dominate the automotive steering system market during the forecast period. The growing use of electric power steering systems in passenger vehicles is expected to drive growth in this segment of the automotive steering system market. The automotive steering system market in the light commercial vehicle segment is also expected to grow. Light commercial vehicles frequently use hydraulic power steering systems.
- Global Automotive Steering Systems Industry: Research Methodology
- Global Automotive Steering Systems Industry: Executive Summary
- Market Overview and Definitions
- Introduction to Global Automotive Steering Systems Industry
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Automotive Steering Systems Industry: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- Regulatory Landscape by region
- North America
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Automotive Steering Systems Industry Segmentation
- Global Industry, by Component (2021-2029)
- Global Industry, by Technology (2021-2029)
- Global Industry, by EPS Type (2021-2029)
- Global Industry, by Pinion-Type (2021-2029)
- Global Industry, by Mechanism (2021-2029)
- Regional Automotive Steering Systems Industry(2021-2029)
- Regional Industry, by Component (2021-2029)
- Regional Industry, by Technology (2021-2029)
- Regional Industry, by EPS Type (2021-2029)
- Regional Industry, by Pinion-Type (2021-2029)
- Regional Industry, by Mechanism (2021-2029)
- Regional Industry, by Country (2021-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
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● China Automotive Systems, Inc.
● Nexteer Automotive
● Hitachi Automotive Systems Americas, Inc.
● Hyundai Mobis
● JTEKT Corporation
● The Mando Corporation
● NSK Ltd.
● Robert Bosch GmbH
● Showa Corporation
● ThyssenKrupp AG
● Magna International
● Mitsubishi Electric Corporation
● Denso Corporation
● Sona Corporation
● Knorr-Bremse AG
● ZF Friedrichshafen AG
● Rollax GmbH & Co. KG
Primary and secondary research is used to identify Industry leaders, while primary and secondary research is utilized to determine Industry revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and Industrying executives. Secondary research included a review of the leading manufacturers’ annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and Industrying executives. Secondary sources are utilized to compute percentage splits, Industry shares, growth rates, and global Industry breakdowns, which are then checked using primary data.
Individual Industry influencing components and changes in Industry regulations affecting the present and future Industry trends are also included in the regional overview of the Automotive Steering Systems Industry analysis. Current and future trends are researched in order to assess the entire Industry potential and identify profitable patterns in order to get a stronger foothold. The geographical Industry assessment is based on the present environment and expected developments.
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COVID-19 Impact Analysis on Automotive Steering Systems Industry:
End-user industries where Automotive Steering Systems are utilized saw a decline in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a pause in operations. This resulted in a significant drop in the revenues of enterprises in these industries, as well as in demand for Automotive Steering Systems manufacturers, affecting the Automotive Steering Systems Industry’s growth in 2020. End-user business demand for Automotive Steering Systems has plummeted as a result of lockdowns and an increase in COVID-19 events throughout the world.
Key Questions Answered in the Automotive Steering Systems Industry Report are:
- In 2021, which segment accounted for the most share of the Automotive Steering Systems Industry?
- What is the competitive landscape of the Industry?
- What are the key factors influencing Industry growth?
- In the Industry, which region has the most Industry share?
- What will be the CAGR of the Industry during the forecast period (2022-2029)?
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About Maximize Industry Research:
Maximize Industry Research is a multifaceted Industry research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide Industry-verified industry estimations, technical trend analysis, crucial Industry research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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