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Global Automotive Power Steering Gears Market Research Report 2025
Synopsis
The latest trend gaining momentum in the market is growing pursuit of electrohydraulic power steering in HCVS. As part of the electrification trend in the automotive industry, energy saving is one of the most important concerns for the development of new vehicles, especially for power steering systems. In a hydraulic power steering system, 70% of the fuel gets consumed by hydraulics, which can be avoided. Hence, the application of more advanced power steering systems such as electric power steering and electrohydraulic power steering can help achieve fuel economy.
The global Automotive Power Steering Gears market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
This report aims to provide a comprehensive presentation of the global market for Automotive Power Steering Gears, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Power Steering Gears.
Report Scope
The Automotive Power Steering Gears market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Automotive Power Steering Gears market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Automotive Power Steering Gears manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
JTEKT
Bosch
NSK
Nexteer
ZF
Mobis
Showa
Thyssenkrupp
Mando
Segment by Type
Hydraulic Power Steering
Electric Power Steering
Other
Segment by Application
Passenger Car
Commercial Vehicle
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Automotive Power Steering Gears manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Automotive Power Steering Gears by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Automotive Power Steering Gears in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
The latest trend gaining momentum in the market is growing pursuit of electrohydraulic power steering in HCVS. As part of the electrification trend in the automotive industry, energy saving is one of the most important concerns for the development of new vehicles, especially for power steering systems. In a hydraulic power steering system, 70% of the fuel gets consumed by hydraulics, which can be avoided. Hence, the application of more advanced power steering systems such as electric power steering and electrohydraulic power steering can help achieve fuel economy.
The global Automotive Power Steering Gears market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
This report aims to provide a comprehensive presentation of the global market for Automotive Power Steering Gears, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Power Steering Gears.
Report Scope
The Automotive Power Steering Gears market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Automotive Power Steering Gears market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Automotive Power Steering Gears manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
JTEKT
Bosch
NSK
Nexteer
ZF
Mobis
Showa
Thyssenkrupp
Mando
Segment by Type
Hydraulic Power Steering
Electric Power Steering
Other
Segment by Application
Passenger Car
Commercial Vehicle
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Automotive Power Steering Gears manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Automotive Power Steering Gears by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Automotive Power Steering Gears in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Automotive Power Steering Gears Market Overview
1.1 Product Definition
1.2 Automotive Power Steering Gears Segment by Type
1.2.1 Global Automotive Power Steering Gears Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Hydraulic Power Steering
1.2.3 Electric Power Steering
1.2.4 Other
1.3 Automotive Power Steering Gears Segment by Application
1.3.1 Global Automotive Power Steering Gears Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Passenger Car
1.3.3 Commercial Vehicle
1.4 Global Market Growth Prospects
1.4.1 Global Automotive Power Steering Gears Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Automotive Power Steering Gears Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Automotive Power Steering Gears Production Estimates and Forecasts (2019-2030)
1.4.4 Global Automotive Power Steering Gears Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Automotive Power Steering Gears Production Market Share by Manufacturers (2019-2024)
2.2 Global Automotive Power Steering Gears Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Automotive Power Steering Gears, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Automotive Power Steering Gears Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Automotive Power Steering Gears Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Automotive Power Steering Gears, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Automotive Power Steering Gears, Product Offered and Application
2.8 Global Key Manufacturers of Automotive Power Steering Gears, Date of Enter into This Industry
2.9 Automotive Power Steering Gears Market Competitive Situation and Trends
2.9.1 Automotive Power Steering Gears Market Concentration Rate
2.9.2 Global 5 and 10 Largest Automotive Power Steering Gears Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Automotive Power Steering Gears Production by Region
3.1 Global Automotive Power Steering Gears Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Automotive Power Steering Gears Production Value by Region (2019-2030)
3.2.1 Global Automotive Power Steering Gears Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Automotive Power Steering Gears by Region (2025-2030)
3.3 Global Automotive Power Steering Gears Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Automotive Power Steering Gears Production by Region (2019-2030)
3.4.1 Global Automotive Power Steering Gears Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Automotive Power Steering Gears by Region (2025-2030)
3.5 Global Automotive Power Steering Gears Market Price Analysis by Region (2019-2024)
3.6 Global Automotive Power Steering Gears Production and Value, Year-over-Year Growth
3.6.1 North America Automotive Power Steering Gears Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Automotive Power Steering Gears Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Automotive Power Steering Gears Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Automotive Power Steering Gears Production Value Estimates and Forecasts (2019-2030)
3.6.5 South Korea Automotive Power Steering Gears Production Value Estimates and Forecasts (2019-2030)
3.6.6 India Automotive Power Steering Gears Production Value Estimates and Forecasts (2019-2030)
4 Automotive Power Steering Gears Consumption by Region
4.1 Global Automotive Power Steering Gears Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Automotive Power Steering Gears Consumption by Region (2019-2030)
4.2.1 Global Automotive Power Steering Gears Consumption by Region (2019-2024)
4.2.2 Global Automotive Power Steering Gears Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Automotive Power Steering Gears Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Automotive Power Steering Gears Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Automotive Power Steering Gears Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Automotive Power Steering Gears Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Automotive Power Steering Gears Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Automotive Power Steering Gears Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Automotive Power Steering Gears Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Automotive Power Steering Gears Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Automotive Power Steering Gears Production by Type (2019-2030)
5.1.1 Global Automotive Power Steering Gears Production by Type (2019-2024)
5.1.2 Global Automotive Power Steering Gears Production by Type (2025-2030)
5.1.3 Global Automotive Power Steering Gears Production Market Share by Type (2019-2030)
5.2 Global Automotive Power Steering Gears Production Value by Type (2019-2030)
5.2.1 Global Automotive Power Steering Gears Production Value by Type (2019-2024)
5.2.2 Global Automotive Power Steering Gears Production Value by Type (2025-2030)
5.2.3 Global Automotive Power Steering Gears Production Value Market Share by Type (2019-2030)
5.3 Global Automotive Power Steering Gears Price by Type (2019-2030)
6 Segment by Application
6.1 Global Automotive Power Steering Gears Production by Application (2019-2030)
6.1.1 Global Automotive Power Steering Gears Production by Application (2019-2024)
6.1.2 Global Automotive Power Steering Gears Production by Application (2025-2030)
6.1.3 Global Automotive Power Steering Gears Production Market Share by Application (2019-2030)
6.2 Global Automotive Power Steering Gears Production Value by Application (2019-2030)
6.2.1 Global Automotive Power Steering Gears Production Value by Application (2019-2024)
6.2.2 Global Automotive Power Steering Gears Production Value by Application (2025-2030)
6.2.3 Global Automotive Power Steering Gears Production Value Market Share by Application (2019-2030)
6.3 Global Automotive Power Steering Gears Price by Application (2019-2030)
7 Key Companies Profiled
7.1 JTEKT
7.1.1 JTEKT Automotive Power Steering Gears Corporation Information
7.1.2 JTEKT Automotive Power Steering Gears Product Portfolio
7.1.3 JTEKT Automotive Power Steering Gears Production, Value, Price and Gross Margin (2019-2024)
7.1.4 JTEKT Main Business and Markets Served
7.1.5 JTEKT Recent Developments/Updates
7.2 Bosch
7.2.1 Bosch Automotive Power Steering Gears Corporation Information
7.2.2 Bosch Automotive Power Steering Gears Product Portfolio
7.2.3 Bosch Automotive Power Steering Gears Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Bosch Main Business and Markets Served
7.2.5 Bosch Recent Developments/Updates
7.3 NSK
7.3.1 NSK Automotive Power Steering Gears Corporation Information
7.3.2 NSK Automotive Power Steering Gears Product Portfolio
7.3.3 NSK Automotive Power Steering Gears Production, Value, Price and Gross Margin (2019-2024)
7.3.4 NSK Main Business and Markets Served
7.3.5 NSK Recent Developments/Updates
7.4 Nexteer
7.4.1 Nexteer Automotive Power Steering Gears Corporation Information
7.4.2 Nexteer Automotive Power Steering Gears Product Portfolio
7.4.3 Nexteer Automotive Power Steering Gears Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Nexteer Main Business and Markets Served
7.4.5 Nexteer Recent Developments/Updates
7.5 ZF
7.5.1 ZF Automotive Power Steering Gears Corporation Information
7.5.2 ZF Automotive Power Steering Gears Product Portfolio
7.5.3 ZF Automotive Power Steering Gears Production, Value, Price and Gross Margin (2019-2024)
7.5.4 ZF Main Business and Markets Served
7.5.5 ZF Recent Developments/Updates
7.6 Mobis
7.6.1 Mobis Automotive Power Steering Gears Corporation Information
7.6.2 Mobis Automotive Power Steering Gears Product Portfolio
7.6.3 Mobis Automotive Power Steering Gears Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Mobis Main Business and Markets Served
7.6.5 Mobis Recent Developments/Updates
7.7 Showa
7.7.1 Showa Automotive Power Steering Gears Corporation Information
7.7.2 Showa Automotive Power Steering Gears Product Portfolio
7.7.3 Showa Automotive Power Steering Gears Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Showa Main Business and Markets Served
7.7.5 Showa Recent Developments/Updates
7.8 Thyssenkrupp
7.8.1 Thyssenkrupp Automotive Power Steering Gears Corporation Information
7.8.2 Thyssenkrupp Automotive Power Steering Gears Product Portfolio
7.8.3 Thyssenkrupp Automotive Power Steering Gears Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Thyssenkrupp Main Business and Markets Served
7.7.5 Thyssenkrupp Recent Developments/Updates
7.9 Mando
7.9.1 Mando Automotive Power Steering Gears Corporation Information
7.9.2 Mando Automotive Power Steering Gears Product Portfolio
7.9.3 Mando Automotive Power Steering Gears Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Mando Main Business and Markets Served
7.9.5 Mando Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Automotive Power Steering Gears Industry Chain Analysis
8.2 Automotive Power Steering Gears Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Automotive Power Steering Gears Production Mode & Process
8.4 Automotive Power Steering Gears Sales and Marketing
8.4.1 Automotive Power Steering Gears Sales Channels
8.4.2 Automotive Power Steering Gears Distributors
8.5 Automotive Power Steering Gears Customers
9 Automotive Power Steering Gears Market Dynamics
9.1 Automotive Power Steering Gears Industry Trends
9.2 Automotive Power Steering Gears Market Drivers
9.3 Automotive Power Steering Gears Market Challenges
9.4 Automotive Power Steering Gears Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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