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The global Automotive Steering System market was valued at US$ 37380 million in 2022 and is projected to reach US$ 40220 million by 2029, at a CAGR of 1.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The USA market for Global Automotive Steering System market is estimated to increase from USD million in 2023 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The China market for Global Automotive Steering System market is estimated to increase from USD million in 2023 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The Europe market for Global Automotive Steering System market is estimated to increase from USD million in 2023 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

Automotive Steering Systems refers to a series of devices used to change or maintain the direction of the vehicle; its function is to control the direction according to the driver?s aim. Automotive steering system is one of the most basic systems of the vehicle.
This report aims to provide a comprehensive presentation of the global market for Automotive Steering System, 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 Steering System. This report contains market size and forecasts of Automotive Steering System in global, including the following market information:
Global Automotive Steering System Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global Automotive Steering System Market Sales, 2018-2023, 2024-2032, (K Units)
Global top five Automotive Steering System companies in 2022 (%)
The global automotive steering systems market is relatively concentrated, the sales of top eleven manufacturers include JTEKT, Bosch, ZF, NSK, Nexteer Automobile, Thyssenkrupp, Mando, Mobis, Showa, Sona Koyo and CAAS, account about 68% of total global sales. The largest manufacture of utomotive steering systems is JTEKT, and the next is Bosch and ZF.
We surveyed the Automotive Steering System 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 Steering System Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Automotive Steering System Market Segment Percentages, by Type, 2022 (%)

• Electronic Steering
• Hydraulic Steering

Global Automotive Steering System Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Automotive Steering System Market Segment Percentages, by Application, 2022 (%)

• Passenger Car
• Light Commercial Vehicle (LCV)
• Heavy Commercial Vehicle (HCV)

Global Automotive Steering System Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Automotive Steering System Market Segment Percentages, By Region and Country, 2022 (%)

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• The Middle East and Africa (Middle East, Africa)
• South and Central America (Brazil, Argentina, Rest of SCA)

Competitor Analysis
The report also provides analysis of leading market participants including:

• Key companies Automotive Steering System revenues in global market, 2018-2023 (Estimated), ($ millions)
• Key companies Automotive Steering System revenues share in global market, 2022 (%)
• Key companies Automotive Steering System sales in global market, 2018-2023 (Estimated), (K Units)
• Key companies Automotive Steering System sales share in global market, 2022 (%)

Further, the report presents profiles of competitors in the market, key players include:

• JTEKT Corporation
• Nexteer Automotive Group
• Showa
• ThyssenKrupp
• Hitachi Automotive System
• Sona Koyo Steering System
• Robert Bosch
• NSK Steering System
• Mando
• ZF Friedrichshafen
• Magal Engineering Limited
• ATS Automation Tooling System
• Hyundai Mobis

Outline of Major Chapters:
Chapter 1: Introduces the definition of Automotive Steering System, market overview.
Chapter 2: Global Automotive Steering System market size in revenue and volume.
Chapter 3: Detailed analysis of Automotive Steering System manufacturers competitive landscape, price, sales and 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: Sales of Automotive Steering System 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 of each country in the world.
Chapter 7: 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 8: Global Automotive Steering System capacity by region & country.
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: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.