Automotive Steering Market
Automotive Steering System market is anticipated to reach US$ 42,323 Mn by 2033 from US$ 25,668.6 Mn in 2022, registering the growth rate at 5.7 % during the forecast period.
We Markets recently released a report titled “Automotive Steering Market Report 2023 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2030” that includes a thorough analysis of the industry’s size, geographic distribution, and estimated financial results for the company. The report also emphasises the difficulties limiting market expansion and the methods used by top firms in the “Automotive Steering Market”. The report, Global Automotive Steering Market Development Strategy Pre and Post COVID-19, by Corporate Strategy Analysis, Landscape, Type, Application, and Leading 20 Countries, examines the potential of the industry and provides statistical data on market dynamics, growth factors, significant challenges, PEST analysis, market entry strategy Analysis, opportunities, and forecasts.
Several nations have passed stringent rules governing fuel efficiency and car emissions. Regulatory agencies include the National Highway Traffic and Safety Administration (NHTSA) in the United States, the International Council on Clean Transportation (ICCT) in Europe, and other associations have put in place fleet-level standards. These rules provide a standard emission threshold to which automakers must conform. OEMs have been compelled by these rules to make more investments in fuel-efficient steering technology, such as electronic power steering. Electrically assisted power steering systems feature a simpler design and are lighter than standard hydraulic steering systems.
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Global Automotive Steering : Segmentations
Global Automotive Steering : By Key Players
ThyssenKrupp (Germany)
HUAYU Automotive Systems (China)
Eaton (USA)
JTEKT (Japan)
Hitachi Automotive Systems (Japan)
American Axle & Manufacturing Holdings (USA)
CIE Automotive (Spain)
KYB (Japan)
SHOWA (Japan)
Dongfeng Motor Parts And Components Group (China)
Wanxiang Qianchao (China)
Beijing Hainachuan Automotive Parts (China)
Global Automotive Steering : By Types
Electric Power Steering
Hydraulic Power Steering
Global Automotive Steering : By Applications
Passenger Cars
Commercial Vehicles
Global Automotive Steering : Regional Analysis
The countries covered in the regional analysis of the Global Automotive Steering report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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