Automotive Steering System Market Research Report – Forecast to 2027

Automotive Steering Systems Market By Steering System (Manual, Electrically Powered, Electro-Hydraulic Powered, Hydraulic Powered), By components (Hydraulic pump, Steering Sensor & column Electric Motor), Vehicle Type and by End Market Forecast to 2027

ID: MRFR/AM/1282-CR | December 2016 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2014-2023 to 2020-2027. Cordially fill the sample form for updated data

Impact of COVID-19 on the Global Automotive Steering System Market


The steering system in an automobile, along with the suspension system, enables the driver to quickly and safely control the direction of the vehicle while driving. The steering system works with components of the suspension, which provides a revolving movement of the wheels. Automotive steering systems offer a comfortable and safe driving experience. The integration of advanced driver assistance systems (ADAS) in vehicles, as well as the enhanced purchasing power of consumers around the world, are some of the factors responsible for the growth of the automotive steering system market. Besides, consumers are more focused on safety and comfort, which leads to an increase in the demand for electronic control over the steering systems. However, the automotive industry has been drastically impacted by the outbreak of the COVID-19 pandemic, which has significantly impacted the product demand and supply chain activity, hampering the growth of the market.


The outbreak also has affected consumer purchasing behavior, as people are focused on buying essential goods owing to the economic crisis. This scenario is responsible for the decline in automobile sales. Besides, the lockdowns have resulted in the shutting down of manufacturing facilities, which has led to a halt in the production of new cars. Factors such as disruptions in the supply chain, permanent closing of small factories owing to the economic crisis, and unavailability of laborers have impacted the growth of the automotive steering system market severely.


According to the MRFR analysis, Asia-Pacific holds the largest share in the market. It is expected to continue its domination over the forecast period owing to the increasing production of vehicles. Relaxations in lockdown restrictions in some countries of the region have helped resume business operations, which is expected to drive the market demand. The resumption of production plants is likely to boost the production and sales of new vehicles, which in turn is expected to increase the adoption of automotive steering systems in new vehicles.


U.S. Motor Vehicle Steering, Suspension, and Brake Systems Manufacturing from 2014 to 2019 (USD Billion)

1 Introduction

1.1 Definition 11

1.2 Scope Of The Study 11

1.3 Assumptions 11

1.4 Market Structure 12

2 Research Methodology

2.1 Research Process 13

2.2 Primary Research 14

2.3 Secondary Research 14

2.4 Market Size Estimation 14

2.5 Forecast Model 16

3 Market Dynamics

3.1 Drivers 17

3.1.1 Booming Automotive Industry 17

3.1.2 Cut Throat Competition In The Automotive Industry 18

3.2 Restraints 18

3.2.1 Capital Intensive Market 18

4 Market Factor Analysis

4.1 Supply Chain Analysis 19

4.2 Porter's Five Forces Analysis 20

4.2.1 Threat Of New Entrants 20

4.2.2 Bargaining Power Of Suppliers 21

4.2.3 Bargaining Power Of Buyers 21

4.2.4 Threat Of Substitutes 21

4.2.5 Rivalry 21

5 Global Automotive Steering Systems Market, By Vehicle Type

5.1 Introduction 23

5.2 Overview 23

6 Global Automotive Steering Systems Market, By Type

6.1 Introduction 26

6.2 Overview 26

7 Automotive Steering Systems Market, By Region

.1 Introduction 29

7.2 North America 30

7.2.1 U.S. 33

7.2.2 Canada 34

7.3 Europe 35

7.3.1 Germany 38

7.3.2 U.K. 39

7.3.3 France 40

7.3.4 Spain 41

7.3.5 Italy 42

7.3.6 Rest Of Europe 43

7.4 Asia-Pacific 44

7.4.1 China 47

7.4.2 Japan 48

7.4.3 India 49

7.4.4 Rest Of APAC 50

7.5 Rest Of The World 51

8 Competitive Scenario

8.1 Competitive Landscape 54

9 Company Profiles

9.1 Nexteer Automotive. 55

9.1.1 Company Overview 55

9.1.2 Financial Overview 55

9.1.3 Product/Service Offering 56

9.1.4 Strategy 56

9.1.5 SWOT Analysis 57

9.2 TRW 58

9.2.1 Financial Overview 58

9.2.2 SWOT Analysis 59

9.3 Hella 60

9.3.1 Company Overview 60

9.3.2 Financial Overview 60

9.3.3 Product/Service Offering 61

9.3.4 Key Development 61

9.3.5 Strategy 61

9.4 Robert Bosch Automotive Steering 63

9.4.1 Company Overview 63

9.4.2 Financial Overview 63

9.4.3 Product/Service Offering 63

9.5 Delphi 65

9.5.1 Company Overview 65

9.5.2 Financial Overview 65

9.5.3 Key Development 66

9.6 Thyssenkrupp Presta AG 67

9.6.1 Company Overview 67

9.6.2 Financial Overview 67

9.6.3 Key Development 67

9.6.4 Strategy 68

10 List Of Tables

TABLE 1 GLOBAL AUTOMOTIVE STEERING SYSTEMS MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 24

TABLE 2 GLOBAL AUTOMOTIVE STEERING SYSTEMS MARKET, BY COMPONENTS, 2020-2027 (USD MILLION) 27

TABLE 3 GLOBAL AUTOMOTIVE STEERING SYSTEMS MARKET, BY REGION, 2020-2027 (USD MILLION) 29

TABLE 4 NORTH AMERICA: AUTOMOTIVE STEERING SYSTEMS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 30

TABLE 5 NORTH AMERICA: AUTOMOTIVE STEERING SYSTEMS MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 31

TABLE 6 NORTH AMERICA: AUTOMOTIVE STEERING SYSTEMS MARKET, BY COMPONENTS, 2020-2027 (USD MILLION) 32

TABLE 7 U.S.: AUTOMOTIVE STEERING SYSTEMS MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 33

TABLE 8 U.S.: AUTOMOTIVE STEERING SYSTEMS MARKET, BY COMPONENTS, 2020-2027 (USD MILLION) 33

TABLE 9 CANADA: AUTOMOTIVE STEERING SYSTEMS MARKET, BY VEHCILE TYPE, 2020-2027 (USD MILLION) 34

TABLE 10 CANADA: AUTOMOTIVE STEERING SYSTEMS MARKET, BY COMPONENTS, 2020-2027 (USD MILLION) 34

TABLE 11 EUROPE: AUTOMOTIVE STEERING SYSTEMS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 35

TABLE 12 EUROPE: AUTOMOTIVE STEERING SYSTEMS MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 36

TABLE 13 EUROPE: AUTOMOTIVE STEERING SYSTEMS MARKET, BY COMPONENTS, 2020-2027 (USD MILLION) 37

TABLE 14 GERMANY: AUTOMOTIVE STEERING SYSTEMS MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 38

TABLE 15 GERMANY: AUTOMOTIVE STEERING SYSTEMS MARKET, BY COMPONENTS, 2020-2027 (USD MILLION) 38

TABLE 16 U.K.: AUTOMOTIVE STEERING SYSTEMS MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 39

TABLE 17 U.K.: AUTOMOTIVE STEERING SYSTEMS MARKET, BY COMPONENTS, 2020-2027 (USD MILLION) 39

TABLE 18 FRANCE: AUTOMOTIVE STEERING SYSTEMS MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 40

TABLE 19 FRANCE: AUTOMOTIVE STEERING SYSTEMS MARKET, BY COMPONENTS, 2020-2027 (USD MILLION) 40

TABLE 20 SPAIN: AUTOMOTIVE STEERING SYSTEMS MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 41

TABLE 21 SPAIN: AUTOMOTIVE STEERING SYSTEMS MARKET, BY COMPONENTS, 2020-2027 (USD MILLION) 41

TABLE 22 ITALY: AUTOMOTIVE STEERING SYSTEMS MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 42

TABLE 23 ITALY: AUTOMOTIVE STEERING SYSTEMS MARKET, BY COMPONENTS, 2020-2027 (USD MILLION) 42

TABLE 24 REST OF EUROPE: AUTOMOTIVE STEERING SYSTEMS MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 43

TABLE 25 REST OF EUROPE: AUTOMOTIVE STEERING SYSTEMS MARKET, BY COMPONENTS, 2020-2027 (USD MILLION) 43

TABLE 26 APAC AUTOMOTIVE STEERING SYSTEMS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 44

TABLE 27 APAC AUTOMOTIVE STEERING SYSTEMS MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 45

TABLE 28 APAC AUTOMOTIVE STEERING SYSTEMS MARKET, BY COMPONENTS,2020-2027 (USD MILLION) 46

TABLE 29 CHINA AUTOMOTIVE STEERING SYSTEMS MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 47

TABLE 30 CHINA AUTOMOTIVE STEERING SYSTEMS MARKET, BY COMPONENTS, 2020-2027 (USD MILLION) 47

TABLE 31 JAPAN AUTOMOTIVE STEERING SYSTEMS MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 48

TABLE 32 JAPAN AUTOMOTIVE STEERING SYSTEMS MARKET, BY COMPONENTS, 2020-2027 (USD MILLION) 48

TABLE 33 INDIA AUTOMOTIVE STEERING SYSTEMS MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 49

TABLE 34 INDIA AUTOMOTIVE STEERING SYSTEMS MARKET, BY COMPONENTS, 2020-2027 (USD MILLION) 49

TABLE 35 REST OF APAC AUTOMOTIVE STEERING SYSTEMS MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 50

TABLE 36 REST OF APAC AUTOMOTIVE STEERING SYSTEMS MARKET, BY COMPONENTS, 2020-2027 (USD MILLION) 50

TABLE 37 ROW AUTOMOTIVE STEERING SYSTEMS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 51

TABLE 38 ROW AUTOMOTIVE STEERING SYSTEMS MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 52

TABLE 39 ROW AUTOMOTIVE STEERING SYSTEMS MARKET, BY COMPONENTS, 2020-2027 (USD MILLION) 53


11 List Of Figures

FIGURE 1 RESEARCH PROCESS OF MRFR 13

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH 15

FIGURE 3 DRIVERS & RESTRAINTS IMPACT ANALYSIS OF GLOBAL AUTOMOTIVE STEERING SYSTEMS MARKET 17

FIGURE 4 GLOBAL VEHICLE PRODUCTION, UNITS (2013-2016) 18

FIGURE 5 PORTER'S FIVE FORCES ANALYSIS OF GLOBAL AUTOMOTIVE STEERING SYSTEMS MARKET 20

FIGURE 6 GLOBAL AUTOMOTIVE STEERING SYSTEMS MARKET, BY VEHICLE TYPE, 2015 (% SHARE) 23

FIGURE 7 GLOBAL AUTOMOTIVE STEERING SYSTEMS MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 24

FIGURE 8 GLOBAL AUTOMOTIVE STEERING SYSTEMS MARKET, BY COMPONENTS, 2015 (%) 26

FIGURE 9 GLOBAL AUTOMOTIVE STEERING SYSTEMS MARKET, BY COMPONENTS, 2020-2027 (USD MILLION) 26

FIGURE 10 GLOBAL AUTOMOTIVE STEERING SYSTEMS MARKET, BY REGION, 2020-2027 (USD MILLION) 29

FIGURE 11 NORTH AMERICA: AUTOMOTIVE STEERING SYSTEMS MARKET SHARE, BY COUNTRY, 2015 (% SHARE) 30

FIGURE 12 NORTH AMERICA: AUTOMOTIVE STEERING SYSTEMS MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 31

FIGURE 13 GLOBAL AUTOMOTIVE STEERING SYSTEMS MARKET, BY COMPONENTS, 2020-2027 (USD MILLION) 32

FIGURE 14 EUROPE: AUTOMOTIVE STEERING SYSTEMS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 35

FIGURE 15 EUROPE: AUTOMOTIVE STEERING SYSTEMS MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 36

FIGURE 16 EUROPE: AUTOMOTIVE STEERING SYSTEMS MARKET, BY COMPONENTS, 2020-2027 (USD MILLION) 37

FIGURE 17 APAC AUTOMOTIVE STEERING SYSTEMS MARKETSHARE, BY COUNTRY, 2020-2027 (USD MILLION) 44

FIGURE 18 APAC AUTOMOTIVE STEERING SYSTEMS MARKET SHARE, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 45

FIGURE 19 APAC AUTOMOTIVE STEERING SYSTEMS MARKET, BY COMPONENTS, 2020-2027 (USD MILLION) 46

FIGURE 20 ROW AUTOMOTIVE STEERING SYSTEMS MARKET SIZE, BY COUNTRY, 2015 (% SHARE) 51

FIGURE 21 ROW AUTOMOTIVE STEERING SYSTEMS MARKET SIZE, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 52

FIGURE 22 ROW AUTOMOTIVE STEERING SYSTEMS MARKET SIZE, BY COMPONENTS, 2020-2027 (USD MILLION) 53

FIGURE 23 GROWTH STRATEGIES ADOPTED BY KEY PLAYERS IN GLOBAL AUTOMOTIVE STEERING SYSTEMS MARKET, 2020-2027, (IN %) 54

FIGURE 24 NEXTEER AUTOMOTIVE: TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION) 55

FIGURE 25 NEXTEER AUTOMOTIVE: GEOGRAPHIC REVENUE MIX, 2015 (%) 56

FIGURE 26 TRW AUTOMOTIVE: KEY DEVELOPMENTS, 2020-2027 (IN %) 59

FIGURE 27 TRW AUTOMOTIVE: SWOT ANALYSIS 59

FIGURE 28 HELLA: TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION) 60

FIGURE 29 HELLA: KEY DEVELOPMENTS, 2020-2027 (%) 61

FIGURE 30 HELLA: SWOT ANALYSIS 62

FIGURE 31 ROBERT BOSCH AUTOMOTIVE STEERING: TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION) 63

FIGURE 32 ROBERT BOSCH AUTOMOTIVE STEERING: SWOT ANALYSIS 64

FIGURE 33 DELPHI: TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION) 65

FIGURE 34 DELPHI: KEY DEVELOPMENTS, 2020-2027 (%) 66

FIGURE 35 DELPHI: SWOT ANALYSIS 66

FIGURE 36 THYSSENKRUPP: TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION) 67

FIGURE 37 THYSSENKRUP: KEY DEVELOPMENTS, 2020-2027 (%) 68

FIGURE 38 THYSSENKRUPP: SWOT ANALYSIS 68