Automotive Steering System Market Production, Trends, Price, Revenue, Share, Growth and Forecast Until 2022

Dublin 2, Ireland, 2018-Mar-15 — /EPR Network/ — A fresh study, covering “Automotive Steering System Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” has been broadcasted to wide online repository of Fact MR, which presents deep focus on the Automotive Market. This smart study contains precise data that offers a clear insight about market current scenario and future projections for the benefit of readers. Moreover, the study enclosed significant data which tends to make the research a powerful source for analysts and industry experts who are looking to gain necessary knowledge about the prevailing market trends, opportunities and drivers present in the “Automotive Steering System Market”.

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According to the report, the global market for automotive steering system is expected to surpass US$ 30 Bn in revenues by the end of 2017. Fluctuating commodity prices, strict laws of passenger safety, and prevalent demand for vehicles with smooth traction are expected to fuel the growth of the market. By the end of 2022, the global market for automotive steering system will be valued at a little less than US$ 40 Bn, reflecting a steady CAGR in terms of value.

Electric Power Steering Most Attractive in Automotive Steering System Market

The electric power steering segment is estimated to account for a dominant revenue share by the end of 2017 and will record a relatively high CAGR from 2017-2022 as compared to other segments in the automotive steering system market. From a value of slightly over US$ 12.1 billion in 2017, the EPS segment should touch multi-billion value market by the end of the forecast period. The manual segment, while declining, is still procuring significant share in terms of revenue share for the year 2017. The manual segment might only grow by US$ 2 billion over the course of the forecast period and be worth heavy valuation by 2022, with a moderate CAGR. Manufacturers are advised to direct their energy towards the APEJ region as it accounts for more than 1/3^rd of the regional contribution for both electric as well as manual steering in the automotive steering system market.

Spotlight on Passenger Cars in the Automotive Steering System Market

With a dominant revenue share for the year 2017, passenger cars are anticipated to be more lucrative than both LCV and HCV. The passenger car segment of the automotive steering system market is estimated to grow to approx. US$ 24 billion in 2022– recording a steady CAGR. LCV have a comparatively lower share of the vehicle type segment but a market projected to be multi-billion at the end of the forecast period can hardly be ignored. The focus on fuel-efficiency and price-sensitivity seems to have taken a toll on HCV as this segment has the smallest revenue share in the automotive steering system market. The dynamic, fast-growing APEJ region should provide some relief to key stakeholders in the automotive steering system market as it alone represents a miniscule market value by 2022-end.

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Table of Content:

Chapter 1. Global Automotive Steering System Market – Executive Summary. 12

Chapter 2. Global Automotive Steering System Market Overview. 14

2.1. Introduction. 14

2.1.1. Global Automotive Steering System Market Taxonomy. 14

2.1.2. Global Automotive Steering System Market Definition. 14

2.2. Global Automotive Steering System Market Size (US$ Mn) and Forecast, 2012-2022. 14

2.2.1. Global Automotive Steering System Market Y-o-Y Growth. 14

2.3. Global Automotive Steering System Market Dynamics. 15

2.3.1. Drivers. 15

2.3.2. Restraints. 15

2.3.3. Trends. 15

2.4. Supply Chain. 16

2.5. Cost Structure. 16

2.6. Key Participants Market Presence (Intensity Map) By Region. 17

Chapter 3. Global Automotive Steering System Market Analysis and Forecast By Product Type. 18

3.1. Global Automotive Steering System Market Size and Forecast By Product Type, 2012-2022. 18

3.1.1. Electrically Powered Steering (  EPS) Automotive Steering System Market Size and Forecast, 2012-2022. 18

3.1.1.1. Revenue (US$ Mn) Comparison, By Region. 18

3.1.1.2. Market Share Comparison, By Region. 20

3.1.1.3. Y-o-Y growth Comparison, By Region. 20

3.1.2. Manual Automotive Steering System Market Size and Forecast, 2012-2022. 21

3.1.2.1. Revenue (US$ Mn) Comparison, By Region. 21

3.1.2.2. Market Share Comparison, By Region. 23

3.1.2.3. Y-o-Y growth Comparison, By Region. 23

Continued….

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