Automotive Steering System Market by Technology (HPS, EHPS, EPS), EPS Type (R-EPS, C-EPS, P-EPS), Pinion (Single, Dual), Mechanism (Collapsible, Rigid), Components (OE, Aftermarket), Vehicle (PC, LCV, HCV, EV, OHV) and Region - Global Forecast to 2027

Abstract
The Automotive Steering System market is projected to grow from USD 35.3 Billion in 2022 to USD 39.5 Billion by 2027, at a CAGR of 2.3% over the forecast period.
Growing adoption of EVs, penetration of passenger cars, and an overall increase in vehicle production would fuel the demand for steering systems, especially EPS systems, in the coming years. Also, advancements in autonomous vehicles is expected to drive the demand for Steer-by-Wire Systems.

BEVs hold the largest share of the electric vehicle steering systems market.

With growing investments in EV infrastructure and government subsidies, the demand for EVs is growing. EV sales have increased by almost 100% from 2020 to 2021, reaching 6.6 million units worldwide, which are expected to grow by ~71% in 2023. BEVs contribute to the largest, ~70%, of all EV types. All the BEVs, including commercial trucks and buses, are equipped with EPS as it is easier to draw the required power from the enormous battery packs of EVs. The BEV sales are expected to grow at a CAGR of ~23% from 2022 to 2027, and the demand for steering systems, especially EPS, would grow. As a result of this gain in market share by EVs, the demand for Hydraulic Power Steering (HPS) is decreasing. Owing to the faster adoption of EVs, where the BEVs dominate the market, BEVs are expected to be the largest market segment by EV type for the automotive steering system market.

Europe is the second largest market for the automotive steering system market

Europe holds the second largest market share in vehicle production at 17.1% after Asia Pacific. Luxury vehicles and SUVs are in high demand in this region. The SUV market is expected to grow by CAGR of 4.7% in the region. Amongst vehicle segments, Multi-purpose Vehicles (MPVs) are in higher share in this region than other regions, with ~9% growth expected for this vehicle segment. Luxury vehicles in the region are expected to have growth rates ranging from 8% to 14%. This increase in demand for luxury vehicles will drive the demand for EPS and advanced features such as ADAS-integrated EPS.

Commercial vehicle OEMs such as Scania, Volvo, and MAN have introduced Electrically assisted Hydraulic Power Steering (EHPS) in heavy trucks and buses. These OEMs are also, to course, to launch hybrid and all-electric trucks and buses, for example, the Volvo FH, FM, and FMX series, with which the demand for EPS in the commercial vehicle segment will increase. The European market has reached saturation for EPS adoption in the passenger cars segment. The region has moved to adopt EPS in LCVs and HCVs, which will further boost the demand for advanced steering systems in the region.

The breakup of primary respondents
By Stakeholders: Demand Side – 20%, Supply Side – 80%
By Designation: Directors/VPs Level – 30%, C level executives – 10%, Others – 60%
By Region: Asia Oceania – 60%, Europe – 20%, North America – 20%

The Automotive Steering System Market is consolidated, with the presence of five major players JTEKT Corporation (Japan), Nexteer (US), Robert Bosch (Germany), Hyundai Mobis (South Korea), and NSK Ltd. (Japan). The study includes an in-depth competitive analysis of these key players in the automotive steering system market with their company profiles, MnM view of the top five companies, recent developments, and key market strategies.

Research Coverage
The study's primary objective is to define, describe, and forecast the automotive steering system market by value and volume. The study segments the automotive steering system market Component (Steering Columns, Sensors, Steering Gears, Mechanical Rack & Pinions, Electronic Control Units, Electric Motors, Bearings, & Hydraulic Pumps), Electric motor type (Brushed DC motor, & Brushless DC motor), Application (Passenger Cars, Light Commercial Vehicles & Heavy Commercial Vehicles), EPS Type (C-EPS, P-EPS, & R-EPS), EPS Mechanism (Collapsible-EPS, & Rigid-EPS), Pinion type (Single Pinion & Double Pinion), By Technology (Hydraulic Power Steering (HPS), Electrically Assisted Hydraulic Power Steering (E-HPS), & Electric Power Steering (EPS)), Aftermarket, By Component (Hydraulic Pumps, Steering Columns, & Electric Motors), Electric vehicle type (BEV, PHEV, & FCEV), Off-highway vehicle (Agricultural Equipment, & Construction Equipment), By Region - Asia Pacific (China, India, Japan, & South Korea), Europe (Germany, UK, France, Spain, Italy, Russia), North America (US, Canada, and Mexico), and the Rest of the World (Brazil, South Africa).

Key Benefits of Buying the Report:
The report will help the market leaders with information on the closest approximations of the revenue numbers for the Automotive Steering System Market and the sub-segments. The study will also help the key players identify the highest potential region and design its product portfolio per market requirements. Detailed research on different Automotive Steering System types and their application is expected to help manufacturers to understand the potential market for these equipment types and which technologies are predominant in the respective equipment. This report includes various analyses like supply chain, average selling price analysis, patent analysis, revenue shift analysis, case study analysis, and porter's analysis. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market's pulse and provides information on key market drivers, restraints, challenges, and opportunities.

Content
Table of Contents

1INTRODUCTION42
1.1STUDY OBJECTIVES42
1.2MARKET DEFINITION43
1.3INCLUSIONS AND EXCLUSIONS44
1.4MARKET SCOPE44
FIGURE 1MARKET SEGMENTATION: AUTOMOTIVE STEERING SYSTEM MARKET44
1.4.1YEARS CONSIDERED45
1.5CURRENCY CONSIDERED45
1.6SUMMARY OF CHANGES45
1.7LIMITATIONS46
1.8STAKEHOLDERS46
2RESEARCH METHODOLOGY47
2.1RESEARCH DATA47
FIGURE 2AUTOMOTIVE STEERING SYSTEM MARKET: RESEARCH DESIGN47
FIGURE 3RESEARCH DESIGN MODEL48
2.2SECONDARY DATA48
2.2.1LIST OF KEY SECONDARY SOURCES49
2.2.1.1List of key secondary sources to estimate vehicle production49
2.2.1.2List of key secondary sources to estimate automotive steering system market50
2.2.2KEY DATA FROM SECONDARY SOURCES50
2.3PRIMARY DATA51
FIGURE 4BREAKDOWN OF PRIMARY INTERVIEWS51
2.3.1LIST OF PRIMARY PARTICIPANTS51
2.4MARKET SIZE ESTIMATION52
FIGURE 5RESEARCH METHODOLOGY: HYPOTHESIS BUILDING53
2.4.1BOTTOM-UP APPROACH53
FIGURE 6AUTOMOTIVE STEERING SYSTEM MARKET: BOTTOM-UP APPROACH54
2.4.2TOP-DOWN APPROACH54
FIGURE 7AUTOMOTIVE STEERING SYSTEM MARKET BY TYPE: TOP-DOWN APPROACH54
FIGURE 8AUTOMOTIVE STEERING SYSTEM MARKET: RESEARCH DESIGN AND METHODOLOGY55
2.4.3FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES56
2.4.4MARKET BREAKDOWN AND DATA TRIANGULATION57
2.5DATA TRIANGULATION57
FIGURE 9MARKET BREAKDOWN AND DATA TRIANGULATION57
2.6FACTOR ANALYSIS58
2.7RESEARCH ASSUMPTIONS58
2.8RESEARCH LIMITATIONS59
3EXECUTIVE SUMMARY60
FIGURE 10PRE- & POST-RECESSION SCENARIO: AUTOMOTIVE STEERING SYSTEM MARKET, 2018–2027 (USD MILLION)60
3.1REPORT SUMMARY61
FIGURE 11AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022 VS. 2027 (USD MILLION)61
4PREMIUM INSIGHTS63
4.1FAST ADOPTION OF ELECTRIC VEHICLES TO DRIVE DEMAND FOR EPS IN AUTOMOTIVE STEERING SYSTEM MARKET63
FIGURE 12INCREASING CONSUMER PREFERENCE FOR DRIVING COMFORT TO DRIVE MARKET63
4.2AUTOMOTIVE STEERING SYSTEM MARKET, BY COMPONENT63
FIGURE 13MECHANICAL RACK & PINIONS SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD63
4.3AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY64
FIGURE 14EPS SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD64
4.4AUTOMOTIVE STEERING SYSTEM MARKET, BY VEHICLE TYPE64
FIGURE 15PASSENGER CARS TO SHOWCASE LARGEST DEMAND FOR STEERING SYSTEMS OVER NEXT FIVE YEARS64
4.5AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE65
FIGURE 16C-EPS SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD65
4.6AUTOMOTIVE STEERING SYSTEM AFTERMARKET, BY COMPONENT65
FIGURE 17ELECTRIC MOTORS SEGMENT TO LEAD AUTOMOTIVE STEERING SYSTEM AFTERMARKET DURING FORECAST PERIOD65
4.7AUTOMOTIVE STEERING SYSTEM MARKET, BY MOTOR TYPE66
FIGURE 18BRUSHLESS DC MOTOR OFFERS SIGNIFICANTLY HIGHER EFFICIENCY AND BETTER PERFORMANCE THAN BRUSHED DC MOTOR66
4.8AUTOMOTIVE STEERING SYSTEM MARKET, BY MECHANISM66
FIGURE 19INCREASING FOCUS ON DRIVER SAFETY LEADS TO INCREASED DEMAND FOR COLLAPSIBLE EPS66
4.9AUTOMOTIVE STEERING SYSTEM MARKET, BY PINION TYPE67
FIGURE 20DUAL PINION STEERING SYSTEMS OFFER OPTIMIZED DRIVING EXPERIENCE AND DESIGN FLEXIBILITY67
4.10AUTOMOTIVE STEERING SYSTEM MARKET, BY EV TYPE67
FIGURE 21INCREASING EV SALES TO DRIVE DEMAND FOR EPS BY EV TYPE67
4.11AUTOMOTIVE STEERING SYSTEM MARKET, BY OFF-HIGHWAY68
FIGURE 22HYDRAULIC STEERING INCREASES FUEL EFFICIENCY IN OFF-HIGHWAY SEGMENT68
4.12AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION68
FIGURE 23ASIA PACIFIC ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE IN 202268
5MARKET OVERVIEW69
5.1INTRODUCTION69
5.2MARKET DYNAMICS70
FIGURE 24AUTOMOTIVE STEERING SYSTEM MARKET: MARKET DYNAMICS70
5.2.1DRIVERS70
5.2.1.1Stringent fuel emission norms and demand for lightweight systems70
FIGURE 25GLOBAL EMISSION REGULATIONS FOR LIGHT DUTY VEHICLES, BY COUNTRY, 2014–202571
5.2.1.2Increasing demand for driving comfort in commercial vehicles71
5.2.2RESTRAINTS72
5.2.2.1Limited load-bearing capacity of EPS systems72
TABLE 1STEERING RACK FORCE LIMIT, BY PASSENGER CAR SEGMENT73
5.2.2.2Lack of electrically assisted power steering for construction and mining equipment73
5.2.3OPPORTUNITIES73
5.2.3.1Adoption of steer-by-wire technology73
FIGURE 26ILLUSTRATIVE MODEL OF STEER-BY-WIRE TECHNOLOGY74
FIGURE 27PROS AND CONS OF STEER-BY-WIRE SYSTEMS74
5.2.3.2Integrating EPS with ADAS75
5.2.4CHALLENGES75
5.2.4.1Cybersecurity concerns in EPS for connected cars75
5.2.4.2Low customer confidence in adopting steer-by-wire technology for autonomous mobility76
5.3TRADE ANALYSIS76
5.3.1IMPORT DATA76
5.3.1.1US76
TABLE 2US: IMPORT SHARE, BY COUNTRY, VALUE (%)76
5.3.1.2Germany77
TABLE 3GERMANY: IMPORT SHARE, BY COUNTRY, VALUE (%)77
5.3.1.3Mexico77
TABLE 4MEXICO: IMPORT SHARE, BY COUNTRY, VALUE (%)77
5.3.1.4UK77
TABLE 5UK: IMPORT SHARE, BY COUNTRY, VALUE (%)77
5.3.1.5China78
TABLE 6CHINA: IMPORT SHARE, BY COUNTRY, VALUE (%)78
5.3.2EXPORT DATA78
5.3.2.1UK78
TABLE 7UK: EXPORT SHARE, BY COUNTRY, VALUE (%)78
5.3.2.2China78
TABLE 8CHINA: EXPORT SHARE, BY COUNTRY, VALUE (%)78
5.3.2.3Canada79
TABLE 9CANADA: EXPORT SHARE, BY COUNTRY, VALUE (%)79
5.3.2.4US79
TABLE 10US: EXPORT SHARE, BY COUNTRY, VALUE (%)79
5.3.2.5Germany79
TABLE 11GERMANY: EXPORT SHARE, BY COUNTRY, VALUE (%)79
5.4PORTER’S FIVE FORCES ANALYSIS80
FIGURE 28PORTER’S FIVE FORCES ANALYSIS: PRESENCE OF ESTABLISHED GLOBAL PLAYERS INCREASES DEGREE OF COMPETITION80
5.4.1THREAT OF SUBSTITUTES80
5.4.2THREAT OF NEW ENTRANTS80
5.4.3BARGAINING POWER OF BUYERS81
5.4.4BARGAINING POWER OF SUPPLIERS81
5.4.5INTENSITY OF COMPETITIVE RIVALRY81
5.4.6PORTER’S FIVE FORCES ANALYSIS81
5.5RECESSION IMPACT ON ECONOMY82
5.5.1INTRODUCTION82
5.5.2REGIONAL MACRO-ECONOMIC OVERVIEW82
5.5.3ANALYSIS OF KEY ECONOMIC INDICATORS83
TABLE 12KEY ECONOMIC INDICATORS FOR SELECT COUNTRIES, 2021–202283
5.5.4ECONOMIC STAGFLATION (SLOWDOWN) VS. ECONOMIC RECESSION84
5.5.4.1Europe84
TABLE 13EUROPE: KEY ECONOMIC INDICATORS, 2021–202384
5.5.4.2Asia Pacific85
TABLE 14ASIA PACIFIC: KEY ECONOMIC INDICATORS, 2021–202385
5.5.4.3Americas85
TABLE 15AMERICAS: KEY ECONOMIC INDICATORS, 2021–202385
5.5.5ECONOMIC OUTLOOK/PROJECTIONS86
TABLE 16GDP GROWTH PROJECTIONS FOR KEY COUNTRIES, 2024–2027 (% GROWTH)86
5.6RECESSION IMPACT ON AUTOMOTIVE SECTOR87
5.6.1ANALYSIS OF AUTOMOTIVE VEHICLE SALES87
5.6.1.1Europe87
FIGURE 29EUROPE: PASSENGER CAR AND LIGHT COMMERCIAL VEHICLE SALES, BY COUNTRY, 2021–2022 (UNITS)87
5.6.1.2Asia Pacific88
FIGURE 30ASIA PACIFIC: PASSENGER CAR AND LIGHT COMMERCIAL VEHICLE SALES, BY COUNTRY, 2021–2022 (UNITS)88
5.6.1.3Americas89
FIGURE 31AMERICAS: PASSENGER CAR AND LIGHT COMMERCIAL VEHICLE SALES, BY COUNTRY, 2021–2022 (UNITS)89
5.6.2AUTOMOTIVE SALES OUTLOOK90
FIGURE 32EUROPE: PASSENGER CAR AND LIGHT COMMERCIAL VEHICLE PRODUCTION FORECAST, 2022 VS. 2027 (‘000 UNITS)90
FIGURE 33ASIA PACIFIC: PASSENGER CAR AND LIGHT COMMERCIAL VEHICLE PRODUCTION FORECAST, 2022 VS. 2027 (‘000 UNITS)91
FIGURE 34NORTH AMERICA: PASSENGER CAR AND LIGHT COMMERCIAL VEHICLE PRODUCTION FORECAST, 2022 VS. 2027 (‘000 UNITS)92
5.7VALUE CHAIN: AUTOMOTIVE STEERING SYSTEM MARKET93
FIGURE 35VALUE CHAIN: AUTOMOTIVE STEERING SYSTEM MARKET93
5.8SUPPLY CHAIN ANALYSIS94
5.9AUTOMOTIVE STEERING SYSTEM MARKET ECOSYSTEM95
FIGURE 36AUTOMOTIVE STEERING SYSTEM MARKET: ECOSYSTEM95
5.10ROLE OF COMPANIES IN AUTOMOTIVE STEERING SYSTEM MARKET ECOSYSTEM96
5.10.1AUTOMOTIVE STEERING SYSTEM MARKET: SUPPLY CHAIN96
5.11AVERAGE SELLING PRICE TREND96
TABLE 17AVERAGE REGIONAL PRICE TREND: AUTOMOTIVE STEERING SYSTEM MARKET (USD/UNIT), 202296
TABLE 18AVERAGE GLOBAL PRICE TREND: AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE (USD/UNIT), 202297
5.12PATENT ANALYSIS97
5.12.1APPLICATIONS AND PATENTS GRANTED, 2019–202297
5.13REVENUE SHIFT FOR AUTOMOTIVE STEERING SYSTEM MANUFACTURERS100
FIGURE 37SHIFT OF FOCUS TOWARD ELECTRICALLY ASSISTED STEERING SYSTEMS100
5.14TECHNOLOGY ANALYSIS101
5.14.1STOWABLE COLUMNS FOR AUTOMATED DRIVING AND ADDITIONAL COMFORT101
5.14.2NEW STEERING TECHNOLOGY PROVIDING INTUITIVE DRIVING101
5.14.3ADVANCED STEERING TECHNOLOGIES FOR SOFTWARE-DEFINED VEHICLES102
5.15CASE STUDY ANALYSIS102
5.15.1FUTURE-PROOFING VEHICLE STEERING SYSTEMS102
5.15.2PREDICT IN-VEHICLE E-POWER STEERING SOUND & VIBRATION PERFORMANCE103
5.16KEY CONFERENCES AND EVENTS IN 2023104
5.16.1BUYING CRITERIA104
FIGURE 38KEY BUYING CRITERIA FOR DIFFERENT STEERING SYSTEM TECHNOLOGIES104
TABLE 19KEY BUYING CRITERIA FOR STEERING SYSTEM TECHNOLOGIES105
5.16.2KEY STAKEHOLDERS IN BUYING PROCESS105
TABLE 20INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR AUTOMOTIVE STEERING SYSTEM TECHNOLOGIES (%)105
6RECOMMENDATIONS BY MARKETSANDMARKETS106
6.1ASIA PACIFIC TO BE KEY MARKET FOR AUTOMOTIVE STEERING SYSTEMS106
6.2ELECTRICALLY ASSISTED POWER STEERING FOR HEAVY COMMERCIAL VEHICLES - KEY FOCUS AREA106
6.3CONCLUSION107
7AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY108
Note - The chapter is further segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America, and Rest of the World
7.1INTRODUCTION109
7.1.1RESEARCH METHODOLOGY109
7.1.2ASSUMPTIONS109
7.1.3INDUSTRY INSIGHTS110
FIGURE 39AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022 VS. 2027 (USD MILLION)110
TABLE 21AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (THOUSAND UNITS)110
TABLE 22AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (THOUSAND UNITS)111
TABLE 23AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)111
TABLE 24AUTOMOTIVE STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)111
7.2HYDRAULIC POWER STEERING (HPS)112
TABLE 25HYDRAULIC POWER STEERING MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)112
TABLE 26HYDRAULIC POWER STEERING MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)112
TABLE 27HYDRAULIC POWER STEERING MARKET, BY REGION, 2018–2021 (USD MILLION)112
TABLE 28HYDRAULIC POWER STEERING MARKET, BY REGION, 2022–2027 (USD MILLION)113
7.3ELECTRICALLY ASSISTED HYDRAULIC POWER STEERING (EHPS)113
TABLE 29ELECTRICALLY ASSISTED HYDRAULIC POWER STEERING MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)113
TABLE 30ELECTRICALLY ASSISTED HYDRAULIC POWER STEERING MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)114
TABLE 31ELECTRICALLY ASSISTED HYDRAULIC POWER STEERING MARKET, BY REGION, 2018–2021 (USD MILLION)114
TABLE 32ELECTRICALLY ASSISTED HYDRAULIC POWER STEERING MARKET, BY REGION, 2022–2027 (USD MILLION)114
7.4ELECTRIC POWER STEERING (EPS)115
TABLE 33ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)115
TABLE 34ELECTRIC POWER STEERING MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)115
TABLE 35ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2021 (USD MILLION)115
TABLE 36ELECTRIC POWER STEERING MARKET, BY REGION, 2022–2027 (USD MILLION)116
8AUTOMOTIVE STEERING SYSTEM MARKET, BY VEHICLE TYPE117
Note - The chapter is further segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America, and Rest of the World
8.1INTRODUCTION118
8.1.1RESEARCH METHODOLOGY118
8.1.2INDUSTRY INSIGHTS118
8.1.3ASSUMPTIONS119
FIGURE 40AUTOMOTIVE STEERING SYSTEM MARKET, BY VEHICLE TYPE, 2022 VS. 2027 (USD MILLION)119
TABLE 37AUTOMOTIVE STEERING SYSTEM MARKET, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)119
TABLE 38AUTOMOTIVE STEERING SYSTEM MARKET, BY VEHICLE TYPE, 2022–2027 (THOUSAND UNITS)119
TABLE 39AUTOMOTIVE STEERING SYSTEM MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)120
TABLE 40AUTOMOTIVE STEERING SYSTEM MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)120
8.2PASSENGER CARS120
TABLE 41PASSENGER CARS STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)121
TABLE 42PASSENGER CARS STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)121
TABLE 43PASSENGER CARS STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)121
TABLE 44PASSENGER CARS STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)122
8.3LIGHT COMMERCIAL VEHICLES (LCVS)122
TABLE 45LIGHT COMMERCIAL VEHICLES STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)122
TABLE 46LIGHT COMMERCIAL VEHICLES STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)123
TABLE 47LIGHT COMMERCIAL VEHICLES STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)123
TABLE 48LIGHT COMMERCIAL VEHICLES STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)123
8.4HEAVY COMMERCIAL VEHICLES (HCVS)124
TABLE 49HEAVY COMMERCIAL VEHICLES STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)124
TABLE 50HEAVY COMMERCIAL VEHICLES STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)124
TABLE 51HEAVY COMMERCIAL VEHICLES STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)125
TABLE 52HEAVY COMMERCIAL VEHICLES STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)125
9OFF-HIGHWAY STEERING SYSTEM MARKET, BY EQUIPMENT TYPE126
Note - The chapter is further segmented by technology type. Technology considered are Manual Steering and HPS.
9.1INTRODUCTION127
9.1.1RESEARCH METHODOLOGY127
9.1.2PRIMARY INDUSTRY INSIGHTS127
9.1.3ASSUMPTIONS127
FIGURE 41OFF-HIGHWAY STEERING SYSTEM MARKET, BY EQUIPMENT TYPE, 2022 VS. 2027 (USD MILLION)128
TABLE 53OFF-HIGHWAY STEERING SYSTEM MARKET, BY EQUIPMENT TYPE, 2018–2021 (THOUSAND UNITS)128
TABLE 54OFF-HIGHWAY STEERING SYSTEM MARKET, BY EQUIPMENT TYPE, 2022–2027 (THOUSAND UNITS)128
TABLE 55OFF-HIGHWAY STEERING SYSTEM MARKET, BY EQUIPMENT TYPE, 2018–2021 (USD MILLION)129
TABLE 56OFF-HIGHWAY STEERING SYSTEM MARKET, BY EQUIPMENT TYPE, 2022–2027 (USD MILLION)129
9.2AGRICULTURAL TRACTORS129
TABLE 57AGRICULTURAL TRACTORS: STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (THOUSAND UNITS)130
TABLE 58AGRICULTURAL TRACTORS: STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (THOUSAND UNITS)130
TABLE 59AGRICULTURAL TRACTORS: STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)130
TABLE 60AGRICULTURAL TRACTORS: STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)130
9.3CONSTRUCTION EQUIPMENT131
TABLE 61CONSTRUCTION EQUIPMENT: STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (THOUSAND UNITS)131
TABLE 62CONSTRUCTION EQUIPMENT: STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (THOUSAND UNITS)131
TABLE 63CONSTRUCTION EQUIPMENT: STEERING SYSTEM MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)132
TABLE 64CONSTRUCTION EQUIPMENT: STEERING SYSTEM MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)132
10AUTOMOTIVE STEERING SYSTEM MARKET, BY COMPONENT133
Note - The chapter is further segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America, and Rest of the World
10.1INTRODUCTION134
10.1.1RESEARCH METHODOLOGY134
10.1.2ASSUMPTIONS134
10.1.3INDUSTRY INSIGHTS135
FIGURE 42AUTOMOTIVE STEERING SYSTEM MARKET, BY COMPONENT, 2022 VS. 2027 (USD MILLION)135
TABLE 65AUTOMOTIVE STEERING SYSTEM MARKET, BY COMPONENT, 2018–2021 (THOUSAND UNITS)135
TABLE 66AUTOMOTIVE STEERING SYSTEM MARKET, BY COMPONENT, 2022–2027 (THOUSAND UNITS)136
TABLE 67AUTOMOTIVE STEERING SYSTEM MARKET, BY COMPONENT, 2018–2021 (USD MILLION)136
TABLE 68AUTOMOTIVE STEERING SYSTEM MARKET, BY COMPONENT, 2022–2027 (USD MILLION)137
10.2HYDRAULIC PUMPS137
10.2.1HYDRAULIC PUMPS TO WITNESS DECLINING DEMAND OWING TO WIDER EPS ADOPTION137
TABLE 69HYDRAULIC PUMPS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)137
TABLE 70HYDRAULIC PUMPS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)138
TABLE 71HYDRAULIC PUMPS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)138
TABLE 72HYDRAULIC PUMPS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)138
10.3STEERING COLUMNS139
10.3.1ASIA PACIFIC TO BE LARGEST MARKET DUE TO INCREASED POWER STEERING ADOPTION139
TABLE 73STEERING COLUMNS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)139
TABLE 74STEERING COLUMNS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)139
TABLE 75STEERING COLUMNS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)139
TABLE 76STEERING COLUMNS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)140
10.4STEERING ANGLE SENSORS140
10.4.1GROWING ADOPTION OF EHPS AND EPS TO DRIVE STEERING ANGLE SENSOR DEMAND140
TABLE 77STEERING ANGLE SENSORS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)140
TABLE 78STEERING ANGLE SENSORS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)141
TABLE 79STEERING ANGLE SENSORS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)141
TABLE 80STEERING ANGLE SENSORS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)141
10.5TORQUE SENSORS142
10.5.1GROWING PREMIUM VEHICLE SEGMENT TO DRIVE TORQUE SENSOR DEMAND142
TABLE 81TORQUE SENSORS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)142
TABLE 82TORQUE SENSORS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)142
TABLE 83TORQUE SENSORS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)143
TABLE 84TORQUE SENSORS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)143
10.6ELECTRONIC CONTROL UNITS143
10.6.1RAPID ADOPTION OF ELECTRIC POWER STEERING TO DRIVE DEMAND FOR ELECTRONIC CONTROL UNITS143
TABLE 85ELECTRONIC CONTROL UNITS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)144
TABLE 86ELECTRONIC CONTROL UNITS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)144
TABLE 87ELECTRONIC CONTROL UNITS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)144
TABLE 88ELECTRONIC CONTROL UNITS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)145
10.7ELECTRIC MOTORS145
10.7.1ELECTRIFICATION OF STEERING SYSTEMS TO DRIVE DEMAND FOR ELECTRIC MOTORS145
TABLE 89ELECTRIC MOTORS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)145
TABLE 90ELECTRIC MOTORS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)146
TABLE 91ELECTRIC MOTORS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)146
TABLE 92ELECTRIC MOTORS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)146
10.8MECHANICAL RACKS AND PINIONS147
10.8.1EUROPE TO BE SECOND-LARGEST MARKET FOR STEERING RACK AND PINION ASSEMBLY147
TABLE 93MECHANICAL RACKS AND PINIONS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)147
TABLE 94MECHANICAL RACKS AND PINIONS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)147
TABLE 95MECHANICAL RACKS AND PINIONS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)148
TABLE 96MECHANICAL RACKS AND PINIONS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)148
10.9BEARINGS148
10.9.1DEMAND FOR BEARINGS TO BE HIGHEST IN ASIA PACIFIC148
TABLE 97BEARINGS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)149
TABLE 98BEARINGS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)149
TABLE 99BEARINGS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)149
TABLE 100BEARINGS: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)150
11ELECTRIC POWER STEERING MARKET, BY TYPE151
Note - The chapter is further segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America, and Rest of the World
11.1INTRODUCTION152
11.1.1RESEARCH METHODOLOGY152
11.1.2ASSUMPTIONS153
11.1.3INDUSTRY INSIGHTS153
FIGURE 43ELECTRIC POWER STEERING MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION)153
TABLE 101ELECTRIC POWER STEERING MARKET, BY TYPE, 2018–2021 (THOUSAND UNITS)153
TABLE 102ELECTRIC POWER STEERING MARKET, BY TYPE, 2022–2027 (THOUSAND UNITS)154
TABLE 103ELECTRIC POWER STEERING MARKET, BY TYPE, 2018–2021 (USD MILLION)154
TABLE 104ELECTRIC POWER STEERING MARKET, BY TYPE, 2022–2027 (USD MILLION)154
11.2COLUMN-EPS (C-EPS)154
TABLE 105COLUMN-EPS MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)155
TABLE 106COLUMN-EPS MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)155
TABLE 107COLUMN-EPS MARKET, BY REGION, 2018–2021 (USD MILLION)155
TABLE 108COLUMN-EPS MARKET, BY REGION, 2022–2027 (USD MILLION)155
11.3PINION-EPS (P-EPS)156
TABLE 109PINION-EPS MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)156
TABLE 110PINION-EPS MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)156
TABLE 111PINION-EPS MARKET, BY REGION, 2018–2021 (USD MILLION)156
TABLE 112PINION-EPS MARKET, BY REGION, 2022–2027 (USD MILLION)157
11.4RACK-EPS (R-EPS)157
TABLE 113RACK-EPS MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)157
TABLE 114RACK-EPS MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)158
TABLE 115RACK-EPS MARKET, BY REGION, 2018–2021 (USD MILLION)158
TABLE 116RACK-EPS MARKET, BY REGION, 2022–2027 (USD MILLION)158
12ELECTRIC POWER STEERING MARKET, BY ELECTRIC VEHICLE TYPE159
Note - The chapter is further segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America, and Rest of the World
12.1INTRODUCTION160
12.1.1RESEARCH METHODOLOGY161
12.1.2PRIMARY INDUSTRY INSIGHTS161
12.1.3ASSUMPTIONS161
12.2ASIA PACIFIC162
12.3EUROPE162
12.4NORTH AMERICA163
FIGURE 44ELECTRIC POWER STEERING MARKET, BY ELECTRIC VEHICLE TYPE, 2022 VS. 2027 (USD MILLION)163
TABLE 117ELECTRIC POWER STEERING MARKET, BY ELECTRIC VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)164
TABLE 118ELECTRIC POWER STEERING MARKET, BY ELECTRIC VEHICLE TYPE, 2022–2027 (THOUSAND UNITS)164
TABLE 119ELECTRIC POWER STEERING MARKET, BY ELECTRIC VEHICLE TYPE, 2018–2021 (USD MILLION)164
TABLE 120ELECTRIC POWER STEERING MARKET, BY ELECTRIC VEHICLE TYPE, 2022–2027 (USD MILLION)164
12.5BATTERY ELECTRIC VEHICLE (BEV)165
TABLE 121BEV STEERING MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)165
TABLE 122BEV STEERING MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)165
TABLE 123BEV STEERING MARKET, BY REGION, 2018–2021 (USD MILLION)166
TABLE 124BEV STEERING MARKET, BY REGION, 2022–2027 (USD MILLION)166
12.6PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV)166
TABLE 125PHEV STEERING MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)167
TABLE 126PHEV STEERING MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)167
TABLE 127PHEV STEERING MARKET, BY REGION, 2018–2021 (USD MILLION)167
TABLE 128PHEV STEERING MARKET, BY REGION, 2022–2027 (USD MILLION)168
12.7FUEL CELL ELECTRIC VEHICLE (FCEV)168
TABLE 129FCEV STEERING MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)168
TABLE 130FCEV STEERING MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)169
TABLE 131FCEV STEERING MARKET, BY REGION, 2018–2021 (USD MILLION)169
TABLE 132FCEV STEERING MARKET, BY REGION, 2022–2027 (USD MILLION)169
13AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC MOTOR TYPE170
Note - The chapter is further segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America, and Rest of the World
13.1INTRODUCTION171
13.1.1RESEARCH METHODOLOGY171
13.1.2ASSUMPTIONS172
FIGURE 45AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC MOTOR TYPE, 2022 VS. 2027 (USD MILLION)172
TABLE 133AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC MOTOR TYPE, 2018–2021 (THOUSAND UNITS)172
TABLE 134AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC MOTOR TYPE, 2022–2027 (THOUSAND UNITS)172
TABLE 135AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC MOTOR TYPE, 2018–2021 (USD MILLION)173
TABLE 136AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC MOTOR TYPE, 2022–2027 (USD MILLION)173
13.2BRUSHED DC MOTOR173
TABLE 137BRUSHED DC MOTOR: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)174
TABLE 138BRUSHED DC MOTOR: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)174
TABLE 139BRUSHED DC MOTOR: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)174
TABLE 140BRUSHED DC MOTOR: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)175
13.3BRUSHLESS DC MOTOR175
TABLE 141BRUSHLESS DC MOTOR: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)175
TABLE 142BRUSHLESS DC MOTOR: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)176
TABLE 143BRUSHLESS DC MOTOR: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)176
TABLE 144BRUSHLESS DC MOTOR: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)176
 
14AUTOMOTIVE STEERING SYSTEM MARKET, BY MECHANISM177
Note - The chapter is further segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America, and Rest of the World
14.1INTRODUCTION178
14.1.1RESEARCH METHODOLOGY178
14.1.2ASSUMPTIONS178
14.1.3INDUSTRY INSIGHTS179
FIGURE 46ELECTRIC POWER STEERING SYSTEM MARKET, BY MECHANISM, 2022 VS. 2027 (USD MILLION)179
TABLE 145ELECTRIC POWER STEERING SYSTEM MARKET, BY MECHANISM, 2018–2021 (THOUSAND UNITS)179
TABLE 146ELECTRIC POWER STEERING SYSTEM MARKET, BY MECHANISM, 2022–2027 (THOUSAND UNITS)180
TABLE 147ELECTRIC POWER STEERING SYSTEM MARKET, BY MECHANISM, 2018–2021 (USD MILLION)180
TABLE 148ELECTRIC POWER STEERING SYSTEM MARKET, BY MECHANISM, 2022–2027 (USD MILLION)180
14.2COLLAPSIBLE EPS180
TABLE 149COLLAPSIBLE EPS MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)181
TABLE 150COLLAPSIBLE EPS MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)181
TABLE 151COLLAPSIBLE EPS MARKET, BY REGION, 2018–2021 (USD MILLION)181
TABLE 152COLLAPSIBLE EPS MARKET, BY REGION, 2022–2027 (USD MILLION)181
14.3RIGID EPS182
TABLE 153RIGID EPS MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)182
TABLE 154RIGID EPS MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)182
TABLE 155RIGID EPS MARKET, BY REGION, 2018–2021 (USD MILLION)182
TABLE 156RIGID EPS MARKET, BY REGION, 2022–2027 (USD MILLION)183
15AUTOMOTIVE STEERING SYSTEM MARKET, BY PINION TYPE184
Note - The chapter is further segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America, and Rest of the World
15.1INTRODUCTION185
15.1.1RESEARCH METHODOLOGY185
15.1.2ASSUMPTIONS185
15.1.3INDUSTRY INSIGHTS185
FIGURE 47AUTOMOTIVE STEERING SYSTEM MARKET, BY PINION TYPE, 2022 VS. 2027 (USD MILLION)186
TABLE 157AUTOMOTIVE STEERING SYSTEM MARKET, BY PINION TYPE, 2018–2021 (THOUSAND UNITS)186
TABLE 158AUTOMOTIVE STEERING SYSTEM MARKET, BY PINION TYPE, 2022–2027 (THOUSAND UNITS)186
TABLE 159AUTOMOTIVE STEERING SYSTEM MARKET, BY PINION TYPE, 2018–2021 (USD MILLION)187
TABLE 160AUTOMOTIVE STEERING SYSTEM MARKET, BY PINION TYPE, 2022–2027 (USD MILLION)187
15.2SINGLE PINION187
TABLE 161SINGLE PINION: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)188
TABLE 162SINGLE PINION: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)188
TABLE 163SINGLE PINION: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)188
TABLE 164SINGLE PINION: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)189
15.3DUAL PINION189
TABLE 165DUAL PINION: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)189
TABLE 166DUAL PINION: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)190
TABLE 167DUAL PINION: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)190
TABLE 168DUAL PINION: AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)190
16AUTOMOTIVE STEERING SYSTEM AFTERMARKET, BY COMPONENT191
Note - The chapter is further segmented at Regional Level and Considered Regions are Asia Pacific, Europe, North America, and Rest of the World
16.1INTRODUCTION192
16.1.1RESEARCH METHODOLOGY192
16.1.2ASSUMPTIONS192
16.1.3INDUSTRY INSIGHTS193
FIGURE 48AUTOMOTIVE STEERING SYSTEM AFTERMARKET, BY COMPONENT, 2022 VS. 2027 (USD MILLION)193
TABLE 169AUTOMOTIVE STEERING SYSTEM AFTERMARKET, BY COMPONENT, 2018–2021 (MILLION UNITS)193
TABLE 170AUTOMOTIVE STEERING SYSTEM AFTERMARKET, BY COMPONENT, 2022–2027 (MILLION UNITS)194
TABLE 171AUTOMOTIVE STEERING SYSTEM AFTERMARKET, BY COMPONENT, 2018–2021 (USD MILLION)194
TABLE 172AUTOMOTIVE STEERING SYSTEM AFTERMARKET, BY COMPONENT, 2022–2027 (USD MILLION)194
16.2HYDRAULIC PUMPS195
TABLE 173HYDRAULIC PUMPS AFTERMARKET, BY REGION, 2018–2021 (MILLION UNITS)195
TABLE 174HYDRAULIC PUMPS AFTERMARKET, BY REGION, 2022–2027 (MILLION UNITS)195
TABLE 175HYDRAULIC PUMPS AFTERMARKET, BY REGION, 2018–2021 (USD MILLION)195
TABLE 176HYDRAULIC PUMPS AFTERMARKET, BY REGION, 2022–2027 (USD MILLION)196
16.3STEERING COLUMNS196
TABLE 177STEERING COLUMNS AFTERMARKET, BY REGION, 2018–2021 (MILLION UNITS)196
TABLE 178STEERING COLUMNS AFTERMARKET, BY REGION, 2022–2027 (MILLION UNITS)196
TABLE 179STEERING COLUMNS AFTERMARKET, BY REGION, 2018–2021 (USD MILLION)197
TABLE 180STEERING COLUMNS AFTERMARKET, BY REGION, 2022–2027 (USD MILLION)197
16.4ELECTRIC MOTORS197
TABLE 181ELECTRIC MOTORS AFTERMARKET, BY REGION, 2018–2021 (MILLION UNITS)197
TABLE 182ELECTRIC MOTORS AFTERMARKET, BY REGION, 2022–2027 (MILLION UNITS)198
TABLE 183ELECTRIC MOTORS AFTERMARKET, BY REGION, 2018–2021 (USD MILLION)198
TABLE 184ELECTRIC MOTORS AFTERMARKET, BY REGION, 2022–2027 (USD MILLION)198
17AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION199
Note – In this chapter each country is further segment by technology type. Technologies considered are HPS, EHPS, and EPS
17.1RESEARCH METHODOLOGY200
17.1.1ASSUMPTIONS200
17.1.2INDUSTRY INSIGHTS200
17.2INTRODUCTION201
FIGURE 49AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022 (USD MILLION)201
TABLE 185AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)202
TABLE 186AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)202
TABLE 187AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)202
TABLE 188AUTOMOTIVE STEERING SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)202