In automobiles, power steering is a device that helps drivers steer by augmenting steering effort of the steering wheel.
This report contains market size and forecasts of Automotive Power Steering in global, including the following market information:
Global Automotive Power Steering Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Automotive Power Steering Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Automotive Power Steering companies in 2021 (%)
The global Automotive Power Steering market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Hydraulic Power Steering Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Automotive Power Steering include China Automotive Systems (China), Dongfeng Motor Parts And Components Group (China), Fawer Automotive Parts (China), GAC Component (China), Hitachi Automotive Systems (Japan), Hyundai WIA (Korea), JTEKT (Japan), Bosch (Germany) and Nexteer (USA) and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Automotive Power Steering manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Automotive Power Steering Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Automotive Power Steering Market Segment Percentages, by Type, 2021 (%)
Hydraulic Power Steering
Electric Power Steering
Others
Global Automotive Power Steering Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Automotive Power Steering Market Segment Percentages, by Application, 2021 (%)
Passenger Cars
Commercial Vehicles
Global Automotive Power Steering Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Automotive Power Steering Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Automotive Power Steering revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Automotive Power Steering revenues share in global market, 2021 (%)
Key companies Automotive Power Steering sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Automotive Power Steering sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
China Automotive Systems (China)
Dongfeng Motor Parts And Components Group (China)
Fawer Automotive Parts (China)
GAC Component (China)
Hitachi Automotive Systems (Japan)
Hyundai WIA (Korea)
JTEKT (Japan)
Bosch (Germany)
Nexteer (USA)
Thyssenkrupp (Germany)