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The Global Automotive Steering System Market is expected to reach $41.62 billion by 2027 growing at a CAGR of 6.2% from 2020 to 2027. An automotive steering system is set of components used to control the direction of vehicle motion and help driver maneuver the vehicle as per the requirement. The automotive steering system is considered as non-replaceable in automobiles and is responsible for effective control on vehicles making it a vital component in automobiles. The hand-operated steering wheel, steering column, universal joints and rack & pinion mechanism contribute to the automotive steering system component. This development has led to change the steering system from manual steering to power assist steering system. Factors such as increase in demand for automotive and rising adoption of power steering system are driving the growth of the market. However, high cost associated with power steering system is restraining the growth of the market. Based on vehicle type, the passenger vehicle segment is going to have a lucrative growth during the forecast period which can be attributed to the improved economic situation and increase in consumers' disposable incomes. From transportation to comfortable/convenient transportation, and from convenient transportation to luxurious and secure transportation, the world has seen a gradual change. Passenger vehicles are concentrating more on the introduction of greener technology as the demand increases. The manufacturers are concentrating their efforts on electrification of vehicles, especially passenger cars. Several countries worldwide are putting a lot of work into creating green transportation. The key vendors mentioned are China Automotive Systems Inc, Hyundai Mobis Co. Ltd, Hyundai Mobis Co., Ltd, JTEKT Corporation, Mitsubishi Electric Corporation, Nexteer Automotive Group Limited, NSK Ltd, Robert Bosch Automotive Steering GmbH, Showa Corporation, Sona Koyo Steering Systems Ltd, and ThyssenKrupp Presta AG. Types Covered: • Column-EPS (C-EPS) • Pinion-EPS (P-EPS) • Rack-EPS (R-EPS) Components Covered: • Electric Motor • Hydraulic Pump • Steering Wheel Speed Sensor • Steering/Column/Rack Pinion-Types Covered: • Dual • Single Technologies Covered: • Electric Power Steering (EPS) • Electrically-assisted Hydraulic Power Steering (EHPS) • Hydraulic Power Steering (HPS) Mechanisms Covered: • Collapsible Electric Power Steering (EPS) • Rigid Electric Power Steering (EPS) Vehicle Types Covered: • Commercial Vehicle • Heavy Commercial Vehicle (HCV) • Light Commercial Vehicle (LCV) • Passenger Vehicle Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2019 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analyzed during the forecast period

1 Market Synopsis

2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources

3 Market Dynamics
3.1 Drivers
3.2 Restraints

4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Automotive Steering System Market, By Type
5.1 Introduction
5.2 Column-EPS (C-EPS)
5.3 Pinion-EPS (P-EPS)
5.4 Rack-EPS (R-EPS)

6 Global Automotive Steering System Market, By Component
6.1 Introduction
6.2 Electric Motor
6.3 Hydraulic Pump
6.4 Steering Wheel Speed Sensor
6.5 Steering/Column/Rack

7 Global Automotive Steering System Market, By Pinion-Type
7.1 Introduction
7.2 Dual
7.3 Single

8 Global Automotive Steering System Market, By Technology
8.1 Introduction
8.2 Electric Power Steering (EPS)
8.3 Electrically-assisted Hydraulic Power Steering (EHPS)
8.4 Hydraulic Power Steering (HPS)

9 Global Automotive Steering System Market, By Mechanism
9.1 Introduction
9.2 Collapsible Electric Power Steering (EPS)
9.3 Rigid Electric Power Steering (EPS)

10 Global Automotive Steering System Market, By Vehicle Type
10.1 Introduction
10.2 Commercial Vehicle
10.3 Heavy Commercial Vehicle (HCV)
10.4 Light Commercial Vehicle (LCV)
10.5 Passenger Vehicle

11 Global Automotive Steering System Market, By Geography
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia Pacific
11.5 South America
11.6 Middle East & Africa

12 Strategic Benchmarking

13 Vendors Landscape
13.1 China Automotive Systems Inc
13.2 Hyundai Mobis Co. Ltd
13.3 Hyundai Mobis Co., Ltd
13.4 JTEKT Corporation
13.5 Mitsubishi Electric Corporation
13.6 Nexteer Automotive Group Limited
13.7 NSK Ltd
13.8 Robert Bosch Automotive Steering GmbH
13.9 Showa Corporation
13.10 Sona Koyo Steering Systems Ltd
13.11 ThyssenKrupp Presta AG

List of Data Tables
1 Global Automotive Steering System Market Outlook, By Region (2019-2027) ($MN)
2 Global Automotive Steering System Market Outlook, By Type (2019-2027) ($MN)
3 Global Automotive Steering System Market Outlook, By Column-EPS (C-EPS) (2019-2027) ($MN)
4 Global Automotive Steering System Market Outlook, By Pinion-EPS (P-EPS) (2019-2027) ($MN)
5 Global Automotive Steering System Market Outlook, By Rack-EPS (R-EPS) (2019-2027) ($MN)
6 Global Automotive Steering System Market Outlook, By Component (2019-2027) ($MN)
7 Global Automotive Steering System Market Outlook, By Electric Motor (2019-2027) ($MN)
8 Global Automotive Steering System Market Outlook, By Hydraulic Pump (2019-2027) ($MN)
9 Global Automotive Steering System Market Outlook, By Steering Wheel Speed Sensor (2019-2027) ($MN)
10 Global Automotive Steering System Market Outlook, By Steering/Column/Rack (2019-2027) ($MN)
11 Global Automotive Steering System Market Outlook, By Pinion-Type (2019-2027) ($MN)
12 Global Automotive Steering System Market Outlook, By Dual (2019-2027) ($MN)
13 Global Automotive Steering System Market Outlook, By Single (2019-2027) ($MN)
14 Global Automotive Steering System Market Outlook, By Technology (2019-2027) ($MN)
15 Global Automotive Steering System Market Outlook, By Electric Power Steering (EPS) (2019-2027) ($MN)
16 Global Automotive Steering System Market Outlook, By Electrically-assisted Hydraulic Power Steering (EHPS) (2019-2027) ($MN)
17 Global Automotive Steering System Market Outlook, By Hydraulic Power Steering (HPS) (2019-2027) ($MN)
18 Global Automotive Steering System Market Outlook, By Mechanism (2019-2027) ($MN)
19 Global Automotive Steering System Market Outlook, By Collapsible Electric Power Steering (EPS) (2019-2027) ($MN)
20 Global Automotive Steering System Market Outlook, By Rigid Electric Power Steering (EPS) (2019-2027) ($MN)
21 Global Automotive Steering System Market Outlook, By Vehicle Type (2019-2027) ($MN)
22 Global Automotive Steering System Market Outlook, By Commercial Vehicle (2019-2027) ($MN)
23 Global Automotive Steering System Market Outlook, By Heavy Commercial Vehicle (HCV) (2019-2027) ($MN)
24 Global Automotive Steering System Market Outlook, By Light Commercial Vehicle (LCV) (2019-2027) ($MN)
25 Global Automotive Steering System Market Outlook, By Passenger Vehicle (2019-2027) ($MN)
26 North America Automotive Steering System Market Outlook, By Type (2019-2027) ($MN)
27 North America Automotive Steering System Market Outlook, By Component (2019-2027) ($MN)
28 North America Automotive Steering System Market Outlook, By Pinion-Type (2019-2027) ($MN)
29 North America Automotive Steering System Market Outlook, By Technology (2019-2027) ($MN)
30 North America Automotive Steering System Market Outlook, By Mechanism (2019-2027) ($MN)
31 North America Automotive Steering System Market Outlook, By Vehicle Type (2019-2027) ($MN)
32 Europe Automotive Steering System Market Outlook, By Type (2019-2027) ($MN)
33 Europe Automotive Steering System Market Outlook, By Component (2019-2027) ($MN)
34 Europe Automotive Steering System Market Outlook, By Pinion-Type (2019-2027) ($MN)
35 Europe Automotive Steering System Market Outlook, By Technology (2019-2027) ($MN)
36 Europe Automotive Steering System Market Outlook, By Mechanism (2019-2027) ($MN)
37 Europe Automotive Steering System Market Outlook, By Vehicle Type (2019-2027) ($MN)
38 Asia Pacific Automotive Steering System Market Outlook, By Type (2019-2027) ($MN)
39 Asia Pacific Automotive Steering System Market Outlook, By Component (2019-2027) ($MN)
40 Asia Pacific Automotive Steering System Market Outlook, By Pinion-Type (2019-2027) ($MN)
41 Asia Pacific Automotive Steering System Market Outlook, By Technology (2019-2027) ($MN)
42 Asia Pacific Automotive Steering System Market Outlook, By Mechanism (2019-2027) ($MN)
43 Asia Pacific Automotive Steering System Market Outlook, By Vehicle Type (2019-2027) ($MN)
44 South America Automotive Steering System Market Outlook, By Type (2019-2027) ($MN)
45 South America Automotive Steering System Market Outlook, By Component (2019-2027) ($MN)
46 South America Automotive Steering System Market Outlook, By Pinion-Type (2019-2027) ($MN)
47 South America Automotive Steering System Market Outlook, By Technology (2019-2027) ($MN)
48 South America Automotive Steering System Market Outlook, By Mechanism (2019-2027) ($MN)
49 South America Automotive Steering System Market Outlook, By Vehicle Type (2019-2027) ($MN)
50 Middle East & Africa Automotive Steering System Market Outlook, By Type (2019-2027) ($MN)
51 Middle East & Africa Automotive Steering System Market Outlook, By Component (2019-2027) ($MN)
52 Middle East & Africa Automotive Steering System Market Outlook, By Pinion-Type (2019-2027) ($MN)
53 Middle East & Africa Automotive Steering System Market Outlook, By Technology (2019-2027) ($MN)
54 Middle East & Africa Automotive Steering System Market Outlook, By Mechanism (2019-2027) ($MN)
55 Middle East & Africa Automotive Steering System Market Outlook, By Vehicle Type (2019-2027) ($MN)