Global Automotive Steering Market Analysis, Growth, Trends & Forecast 2018-2023 - ResearchAndMarkets.com

DUBLIN--()--The "Global Automotive Steering Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global steering market is expected to post a revenue of more than USD 44 billion by 2023.

With the advent of artificial intelligence in every aspect of human life, the future of cars is expected to be driverless cars. It is evident as the leading manufacturers in the automotive steering market shift their focus to AI-controlled steering wheels. Many vehicles now have an automatic parking feature, which is a fundamental step for a car to become autonomous.

In terms of geography, the APAC region is expected to dominate the market for steering systems. This region is expected to account for a market share of more than 52% as it is the fastest and largest automotive market. Factors like low-cost labor, government incentives such as tax exemption and subsidy towards local manufacturing, raw material advantages, and free-trade agreements with other countries in the region will promote market growth in this region during the forecast period.

The recovering sales in the United States automotive market are expected to provide a big boost to the steering market, as the United States and Mexico are still two of the most important markets in the automobile industry. Mexico, primarily an automobile exporter, has become an important automotive hub, driving the production of automobiles, thereby driving the automotive steering market in the region.

Companies Mentioned

  • Robert Bosch GmbH
  • ZF Friedrichshafen Ag
  • JTEKT Corporation
  • Nexteer Automotive
  • NSK Ltd
  • Hitachi Automotive Systems Limited
  • Mando Corporation
  • ATS Automation Tooling Systems
  • Sona Corporation
  • Showa Corporation

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Overview and Technological Trends

5. Market Dynamics

6. Global Automotive Steering Market Segmentation, by Mechanism

7. Global Automotive Steering Market Segmentation, by Component

8. Global Automotive Steering Market Segmentation, by Geography

9. Competitive Landscape

10. Company Profile

11. Future Outlook of the Market

12. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/research/c3f38l/global_automotive?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Related Topics: Steering Systems and Components

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Related Topics: Steering Systems and Components