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Global Automotive Power Steering Systems Market Research Report 2025
Synopsis
Automotive steering system is among the most integral parts installed automobile vehicles. Steering systems allows the driver to control and maneuver the vehicle in desired direction.
The global Automotive Power Steering Systems 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 Systems, 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 Systems.
Report Scope
The Automotive Power Steering Systems market size, estimations, and forecasts are provided in terms of 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 Systems 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 Systems companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, 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
Robert Bosch Automotive Steering GmbH
Mitsubishi Electric Corporation
JTEKT Corporation
ThyssenKrupp Presta AG
Autoliv
Daimler AG
Segment by Type
Electronic Power Steering (EPS)
Hydraulic Power Steering (HPS)
Electronic & Hydraulic Power Steering (EHPS)
Segment by Application
Original Equipment Manufacturers (OEMS)
Aftermarket
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (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: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Automotive Power Steering Systems companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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 capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Automotive steering system is among the most integral parts installed automobile vehicles. Steering systems allows the driver to control and maneuver the vehicle in desired direction.
The global Automotive Power Steering Systems 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 Systems, 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 Systems.
Report Scope
The Automotive Power Steering Systems market size, estimations, and forecasts are provided in terms of 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 Systems 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 Systems companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, 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
Robert Bosch Automotive Steering GmbH
Mitsubishi Electric Corporation
JTEKT Corporation
ThyssenKrupp Presta AG
Autoliv
Daimler AG
Segment by Type
Electronic Power Steering (EPS)
Hydraulic Power Steering (HPS)
Electronic & Hydraulic Power Steering (EHPS)
Segment by Application
Original Equipment Manufacturers (OEMS)
Aftermarket
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (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: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Automotive Power Steering Systems companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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 capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Automotive Power Steering Systems Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Electronic Power Steering (EPS)
1.2.3 Hydraulic Power Steering (HPS)
1.2.4 Electronic & Hydraulic Power Steering (EHPS)
1.3 Market by Application
1.3.1 Global Automotive Power Steering Systems Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Original Equipment Manufacturers (OEMS)
1.3.3 Aftermarket
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Automotive Power Steering Systems Market Perspective (2019-2030)
2.2 Automotive Power Steering Systems Growth Trends by Region
2.2.1 Global Automotive Power Steering Systems Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Automotive Power Steering Systems Historic Market Size by Region (2019-2024)
2.2.3 Automotive Power Steering Systems Forecasted Market Size by Region (2025-2030)
2.3 Automotive Power Steering Systems Market Dynamics
2.3.1 Automotive Power Steering Systems Industry Trends
2.3.2 Automotive Power Steering Systems Market Drivers
2.3.3 Automotive Power Steering Systems Market Challenges
2.3.4 Automotive Power Steering Systems Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Automotive Power Steering Systems Players by Revenue
3.1.1 Global Top Automotive Power Steering Systems Players by Revenue (2019-2024)
3.1.2 Global Automotive Power Steering Systems Revenue Market Share by Players (2019-2024)
3.2 Global Automotive Power Steering Systems Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Automotive Power Steering Systems Revenue
3.4 Global Automotive Power Steering Systems Market Concentration Ratio
3.4.1 Global Automotive Power Steering Systems Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Automotive Power Steering Systems Revenue in 2023
3.5 Automotive Power Steering Systems Key Players Head office and Area Served
3.6 Key Players Automotive Power Steering Systems Product Solution and Service
3.7 Date of Enter into Automotive Power Steering Systems Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Automotive Power Steering Systems Breakdown Data by Type
4.1 Global Automotive Power Steering Systems Historic Market Size by Type (2019-2024)
4.2 Global Automotive Power Steering Systems Forecasted Market Size by Type (2025-2030)
5 Automotive Power Steering Systems Breakdown Data by Application
5.1 Global Automotive Power Steering Systems Historic Market Size by Application (2019-2024)
5.2 Global Automotive Power Steering Systems Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Automotive Power Steering Systems Market Size (2019-2030)
6.2 North America Automotive Power Steering Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Automotive Power Steering Systems Market Size by Country (2019-2024)
6.4 North America Automotive Power Steering Systems Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Automotive Power Steering Systems Market Size (2019-2030)
7.2 Europe Automotive Power Steering Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Automotive Power Steering Systems Market Size by Country (2019-2024)
7.4 Europe Automotive Power Steering Systems Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Automotive Power Steering Systems Market Size (2019-2030)
8.2 Asia-Pacific Automotive Power Steering Systems Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Automotive Power Steering Systems Market Size by Region (2019-2024)
8.4 Asia-Pacific Automotive Power Steering Systems Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Automotive Power Steering Systems Market Size (2019-2030)
9.2 Latin America Automotive Power Steering Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Automotive Power Steering Systems Market Size by Country (2019-2024)
9.4 Latin America Automotive Power Steering Systems Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Automotive Power Steering Systems Market Size (2019-2030)
10.2 Middle East & Africa Automotive Power Steering Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Automotive Power Steering Systems Market Size by Country (2019-2024)
10.4 Middle East & Africa Automotive Power Steering Systems Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Robert Bosch Automotive Steering GmbH
11.1.1 Robert Bosch Automotive Steering GmbH Company Detail
11.1.2 Robert Bosch Automotive Steering GmbH Business Overview
11.1.3 Robert Bosch Automotive Steering GmbH Automotive Power Steering Systems Introduction
11.1.4 Robert Bosch Automotive Steering GmbH Revenue in Automotive Power Steering Systems Business (2019-2024)
11.1.5 Robert Bosch Automotive Steering GmbH Recent Development
11.2 Mitsubishi Electric Corporation
11.2.1 Mitsubishi Electric Corporation Company Detail
11.2.2 Mitsubishi Electric Corporation Business Overview
11.2.3 Mitsubishi Electric Corporation Automotive Power Steering Systems Introduction
11.2.4 Mitsubishi Electric Corporation Revenue in Automotive Power Steering Systems Business (2019-2024)
11.2.5 Mitsubishi Electric Corporation Recent Development
11.3 JTEKT Corporation
11.3.1 JTEKT Corporation Company Detail
11.3.2 JTEKT Corporation Business Overview
11.3.3 JTEKT Corporation Automotive Power Steering Systems Introduction
11.3.4 JTEKT Corporation Revenue in Automotive Power Steering Systems Business (2019-2024)
11.3.5 JTEKT Corporation Recent Development
11.4 ThyssenKrupp Presta AG
11.4.1 ThyssenKrupp Presta AG Company Detail
11.4.2 ThyssenKrupp Presta AG Business Overview
11.4.3 ThyssenKrupp Presta AG Automotive Power Steering Systems Introduction
11.4.4 ThyssenKrupp Presta AG Revenue in Automotive Power Steering Systems Business (2019-2024)
11.4.5 ThyssenKrupp Presta AG Recent Development
11.5 Autoliv
11.5.1 Autoliv Company Detail
11.5.2 Autoliv Business Overview
11.5.3 Autoliv Automotive Power Steering Systems Introduction
11.5.4 Autoliv Revenue in Automotive Power Steering Systems Business (2019-2024)
11.5.5 Autoliv Recent Development
11.6 Daimler AG
11.6.1 Daimler AG Company Detail
11.6.2 Daimler AG Business Overview
11.6.3 Daimler AG Automotive Power Steering Systems Introduction
11.6.4 Daimler AG Revenue in Automotive Power Steering Systems Business (2019-2024)
11.6.5 Daimler AG Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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