Automotive and Transportation Research Reports

  The report “ Automotive Steering System Market  by Technology (HPS, EHPS, EPS), EPS Type (R-EPS, C-EPS, P-EPS), Pinion Type (Single, Dual), Mechanism (Collapsible, Rigid), Components (OE & Aftermarket), Vehicle Type and Region – Global Forecast to 2025 ” The automotive steering system market is projected to reach USD 36.9 billion by 2025 from USD 29.3 billion in 2020, at a CAGR of 4.7% from 2020 to 2025. The growth of this market is primarily driven by the increasing demand for fuel-efficient and better driving comfort vehicles. Steering Column to be the largest segment, by component. The steering column segment, by value, is estimated to lead the market as steering columns are installed in all types of steering systems, such as HPS, EHPS, and EPS. Steering columns have incorporated collapsible components to enhance driver safety. These columns crumble or slide together during the impact of a collision, with the columns shortening and absorbing the force. The growth of t...

  The global Automotive Steering System Market is projected to reach USD 36.9 billion by 2025 from USD 29.3 billion in 2020, at a CAGR of 4.7%. However, the halt in vehicle production across the region has impacted the automotive steering system market. Despite this, owing to an increased installation of electric power steering (EPS) in passenger cars and light commercial vehicles and increasing demand for comfort features in vehicles, the market is expected to recover during the forecast period. The automotive steering system market is estimated to observe a decline post-COVID-19 due to the impact on vehicle production . The growth of this market is primarily driven by the stringent emission norm and increasing demand for comfort features provided by EPS system in passenger car and light commercial vehicle. Stringent emission norms in countries like China and India are pushing OEMs to opt for EPS over EHPS and HPS systems owing to the advantages offered by EPS, such as fuel eff...

  The global Automotive Steering System Market is projected to reach USD 36.9 billion by 2025 from USD 29.3 billion in 2020, at a CAGR of 4.7%. However, the halt in vehicle production across the region has impacted the automotive steering system market. Despite this, owing to an increased installation of electric power steering (EPS) in passenger cars and light commercial vehicles and increasing demand for comfort features in vehicles, the market is expected to recover during the forecast period. The automotive steering system market is estimated to observe a decline post-COVID-19 due to the impact on vehicle production . The growth of this market is primarily driven by the stringent emission norm and increasing demand for comfort features provided by EPS system in passenger car and light commercial vehicle. Stringent emission norms in countries like China and India are pushing OEMs to opt for EPS over EHPS and HPS systems owing to the advantages offered by EPS, such as fuel eff...

  The global Automotive Steering System Market is projected to reach USD 36.9 billion by 2025 from USD 29.3 billion in 2020, at a CAGR of 4.7%. However, the halt in vehicle production across the region has impacted the automotive steering system market. Despite this, owing to an increased installation of electric power steering (EPS) in passenger cars and light commercial vehicles and increasing demand for comfort features in vehicles, the market is expected to recover during the forecast period. The automotive steering system market is estimated to observe a decline post-COVID-19 due to the impact on vehicle production . The growth of this market is primarily driven by the stringent emission norm and increasing demand for comfort features provided by EPS system in passenger car and light commercial vehicle. Stringent emission norms in countries like China and India are pushing OEMs to opt for EPS over EHPS and HPS systems owing to the advantages offered by EPS, such as fuel eff...