Summary

Persistence Market Research has recently released a comprehensive report on the global Automotive Steering System market. The report delivers an in-depth evaluation of key market dynamics-drivers, trends, opportunities, and restraints-while offering detailed insights into market structure, value chain evolution, and competitive positioning across regions.

Key Insights

・Automotive Steering System Market Size (2025E): US$ 25.7 Bn
・Projected Market Value (2032F): US$ 35.7 Bn
・Global Market Growth Rate (CAGR 2025-2032): 4.8%

Automotive Steering System Market - Report Scope

The automotive steering system market encompasses the ecosystem of manufacturers, suppliers, and end-users engaged in the production, distribution, and application of automotive steering system products and solutions. The market serves a wide range of end-use industries, and rapid technological advancements alongside evolving end-user requirements are significantly influencing market expansion across major global regions.

Market Growth Drivers

The rapid shift toward electric vehicles drives demand for efficient electronic power steering systems that reduce energy consumption and integrate seamlessly with advanced driver assistance technologies.

Market Restraints

Integration complexities between steering systems and ADAS components create technical and engineering challenges that increase development costs and timelines.

Market Opportunities

Growing autonomous and connected vehicle adoption creates demand for steer-by-wire technology and intelligent steering systems capable of handling real-time autonomous decision-making.

Key Questions Answered in the Report

・What are the major factors driving global demand for automotive steering system?
・Which component and mechanism segments are witnessing the highest growth in the automotive steering system market?
・How is the competitive landscape evolving in the automotive steering system market?
・Who are the leading players in the automotive steering system market, and what strategies are they adopting?
・What are the emerging trends and long-term growth prospects for the global automotive steering system market?

Competitive Intelligence and Business Strategy

Leading players in the automotive steering system market are focusing on capacity expansion, product innovation, and strategic partnerships to strengthen their global footprint. Companies are investing in R&D and sustainable practices while pursuing collaborations, mergers, and regional expansion to gain a competitive edge.

Key Companies Profiled

・Robert Bosch GmbH
・JTEKT Corporation
・ZF Friedrichshafen AG
・Nexteer Automotive
・NSK Ltd.
・Thyssenkrupp AG
・Mando Corporation
・Showa Corporation
・Hyundai Mobis Co., Ltd.

Market Segmentation

By Component
・Hydraulic Pump
・Steering Column/Rack
・Sensors
・Electric Motor

By Mechanism
・Electronic Power Steering (EPS)
・Hydraulic Power Steering (HPS)
・Electrically Assisted Hydraulic Power Steering

By Region
・North America
・Europe
・East Asia
・South Asia & Oceania
・Middle East & Africa
・Latin America

ページTOPに戻る

Table of Contents

1. Executive Summary
1.1. Global Automotive Steering System Market Snapshot, 2025 and 2032
1.2. Market Opportunity Assessment, 2025-2032, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations
2. Market Overview
2.1. Market Scope and Definition
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Opportunity
2.2.4. Challenges
2.2.5. Key Trends
2.3. Product Lifecycle Analysis
2.4. Automotive Steering System Market: Value Chain
2.4.1. List of Raw Material Suppliers
2.4.2. List of Manufacturers
2.4.3. List of Distributors
2.4.4. Profitability Analysis
2.5. Forecast Factors - Relevance and Impact
2.6. Covid-19 Impact Assessment
2.7. PESTLE Analysis
2.8. Porter Five Force's Analysis
2.9. Geopolitical Tensions: Market Impact
2.10. Regulatory and Application Landscape
3. Macro-Economic Factors
3.1. Global Sectorial Outlook
3.2. Global GDP Growth Outlook
3.3. Global Parent Market Overview
4. Price Trend Analysis, 2018 - 2032
4.1. Key Highlights
4.2. Key Factors Impacting Product Prices
4.3. Prices By Product Type/Composition/Application
4.4. Regional Prices and Product Preferences
5. Global Automotive Steering System Market Outlook: Historical (2018-2024) and Forecast (2025-2032)
5.1. Key Highlights
5.1.1. Market Size and Y-o-Y Growth
5.1.2. Absolute $ Opportunity
5.2. Market Size (US$ Mn) Analysis and Forecast
5.2.1. Historical Market Size Analysis, 2018-2024
5.2.2. Current Market Size Forecast, 2025-2032
5.3. Global Automotive Steering System Market Outlook: Component
5.3.1. Introduction / Key Findings
5.3.2. Historical Market Size (US$ Mn) Analysis By Component, 2018-2024
5.3.3. Current Market Size (US$ Mn) Forecast By Component, 2025-2032
5.3.3.1. Hydraulic Pump
5.3.3.2. Steering Column/Rack
5.3.3.3. Sensors
5.3.3.4. Electric Motor
5.4. Market Attractiveness Analysis: Component
5.5. Global Automotive Steering System Market Outlook: Mechanism
5.5.1. Introduction / Key Findings
5.5.2. Historical Market Size (US$ Mn) Analysis By Mechanism, 2018-2024
5.5.3. Current Market Size (US$ Mn) Forecast By Mechanism, 2025-2032
5.5.3.1. Electronic Power Steering (EPS)
5.5.3.2. Hydraulic Power Steering (HPS)
5.5.3.3. Electrically Assisted Hydraulic Power Steering
5.6. Market Attractiveness Analysis: Mechanism
6. Global Automotive Steering System Market Outlook: Region
6.1. Key Highlights
6.2. Historical Market Size (US$ Mn) Analysis By Region, 2018-2024
6.3. Current Market Size (US$ Mn) Forecast By Region, 2025-2032
6.3.1. North America
6.3.2. Europe
6.3.3. East Asia
6.3.4. South Asia and Oceania
6.3.5. Latin America
6.3.6. Middle East & Africa
6.4. Market Attractiveness Analysis: Region
7. North America Automotive Steering System Market Outlook: Historical (2018-2024) and Forecast (2025-2032)
7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2018-2024
7.4. Current Market Size (US$ Mn) Forecast By Market Taxonomy, 2025-2032
7.4.1. By Component
7.4.2. By Mechanism
7.4.3. By Country: U.S. and Canada
7.5. Market Attractiveness Analysis
8. Europe Automotive Steering System Market Outlook: Historical (2018-2024) and Forecast (2025-2032)
8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2018-2024
8.4. Current Market Size (US$ Mn) Forecast By Market Taxonomy, 2025-2032
8.4.1. By Component
8.4.2. By Mechanism
8.4.3. By Country: Germany, Italy, France, U.K., Spain, Russia, Rest of Europe
8.5. Market Attractiveness Analysis
9. East Asia Automotive Steering System Market Outlook: Historical (2018-2024) and Forecast (2025-2032)
9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2018-2024
9.4. Current Market Size (US$ Mn) Forecast By Market Taxonomy, 2025-2032
9.4.1. By Component
9.4.2. By Mechanism
9.4.3. By Country: China, Japan, South Korea
9.5. Market Attractiveness Analysis
10. South Asia and Oceania Automotive Steering System Market Outlook: Historical (2018-2024) and Forecast (2025-2032)
10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2018-2024
10.4. Current Market Size (US$ Mn) Forecast By Market Taxonomy, 2025-2032
10.4.1. By Component
10.4.2. By Mechanism
10.4.3. By Country: India, ASEAN, Oceania, Rest of South Asia
10.5. Market Attractiveness Analysis
11. Latin America Automotive Steering System Market Outlook: Historical (2018-2024) and Forecast (2025-2032)
11.1. Key Highlights
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2018-2024
11.4. Current Market Size (US$ Mn) Forecast By Market Taxonomy, 2025-2032
11.4.1. By Component
11.4.2. By Mechanism
11.4.3. By Country: Brazil, Mexico, Rest of Latin America
11.5. Market Attractiveness Analysis
12. Middle East & Africa Automotive Steering System Market Outlook: Historical (2018-2024) and Forecast (2025-2032)
12.1. Key Highlights
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2018-2024
12.4. Current Market Size (US$ Mn) Forecast By Market Taxonomy, 2025-2032
12.4.1. By Component
12.4.2. By Mechanism
12.4.3. By Country: GCC Countries, South Africa, Rest of Middle East & Africa
12.5. Market Attractiveness Analysis
13. Competitive Landscape
13.1. Market Share Analysis by Company, 2025
13.2. Competitive Dashboard
13.3. Company Profiles
13.3.1. Robert Bosch GmbH
13.3.1.1. Company Overview
13.3.1.2. Product Portfolio
13.3.1.3. Financial Overview
13.3.1.4. Business Strategies and Developments
13.3.2. JTEKT Corporation
13.3.2.1. Company Overview
13.3.2.2. Product Portfolio
13.3.2.3. Financial Overview
13.3.2.4. Business Strategies and Developments
13.3.3. ZF Friedrichshafen AG
13.3.3.1. Company Overview
13.3.3.2. Product Portfolio
13.3.3.3. Financial Overview
13.3.3.4. Business Strategies and Developments
13.3.4. Nexteer Automotive
13.3.4.1. Company Overview
13.3.4.2. Product Portfolio
13.3.4.3. Financial Overview
13.3.4.4. Business Strategies and Developments
13.3.5. NSK Ltd.
13.3.5.1. Company Overview
13.3.5.2. Product Portfolio
13.3.5.3. Financial Overview
13.3.5.4. Business Strategies and Developments
13.3.6. Thyssenkrupp AG
13.3.6.1. Company Overview
13.3.6.2. Product Portfolio
13.3.6.3. Financial Overview
13.3.6.4. Business Strategies and Developments
13.3.7. Mando Corporation
13.3.7.1. Company Overview
13.3.7.2. Product Portfolio
13.3.7.3. Financial Overview
13.3.7.4. Business Strategies and Developments
13.3.8. Showa Corporation
13.3.8.1. Company Overview
13.3.8.2. Product Portfolio
13.3.8.3. Financial Overview
13.3.8.4. Business Strategies and Developments
13.3.9. Hyundai Mobis Co., Ltd.
13.3.9.1. Company Overview
13.3.9.2. Product Portfolio
13.3.9.3. Financial Overview
13.3.9.4. Business Strategies and Developments
14. Appendix
14.1. Research Methodology
14.2. Report Assumptions
14.3. Acronyms and Abbreviations