ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028

Automotive & Transportation | Automotive Systems

ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028

Market by Vehicle Type, Type, and Country | Forecast 2021-2028

Request Free Sample

Request Custom Report

Request Custom Report

Enquire before buying

Enquire Before Buying

According to Triton Market Research, the Asia-Pacific automotive steering system market is expected to progress with a CAGR of 5.63% over the forecast years 2021-2028.


Report scope can be customized per your requirements. Request For Customization

The countries studied in this market include:

•           China

•           Japan

•           India

•           South Korea

•           ASEAN countries

•           Rest of Asia-Pacific

The Chinese economy is seeing growth, and the disposable income of its middle-class consumers is also on the rise. This, in turn, is positively influencing the demand for vehicles. In the past few years, vehicle production has increased drastically in the country, thanks to the low production costs. Due to the rise in vehicle production, the market for electric power steering components is also gaining momentum.

Moreover, the Government of China has also cut down taxes on cars, to increase their sales. All these factors are building up demand for automotive steering systems. This is expected to foster the growth of the Chinese market in the coming years.

South Korea has always been one of the top automotive manufacturing nations in the world. Preparing for the upcoming period of self-driving cars, Hyundai Mobis, an auto parts manufacturing company in the country, unveiled a steering wheel – it can be folded when not in use. This foldable steering wheel system maximizes the drivers’ comfort by allowing more space. The prevalence of such companies is expected to drive the growth of the automotive steering system market in the country in the near future.

Denso Corporation is a globally renowned company supplying advanced automotive technology, systems, and components. It develops and manufactures gasoline & diesel engine management systems and engine-related products, air conditioning systems and related air conditioning products, truck refrigeration units, small motor systems for automobiles, power supply & starting system parts, and advanced safety & automated driving products. Under automotive driving systems, it offers EPS technology and sensors. The Japan-based company is headquartered in Kariya, Aichi.

Related Reports

ASIA PACIFIC ELECTRIC VEHICLE MARKET 2019-2027
Automotive & Transportation

ASIA PACIFIC ELECTRIC VEHICLE MARKET 2019-2027

Market By Vehicle Type, Power ..

VIEW REPORT
ASIA-PACIFIC ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET 2019-2027
Automotive & Transportation

ASIA-PACIFIC ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET 2019-2027

Market by Vehicle, Component, ..

VIEW REPORT
ASIA-PACIFIC ATV AND UTV MARKET 2022-2028
Automotive & Transportation

ASIA-PACIFIC ATV AND UTV MARKET 2022-2028

Market by Vehicle Type, Displa ..

VIEW REPORT
ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028
Automotive & Transportation

ASIA-PACIFIC AUTOMATED FARE COLLECTION SYSTEM MARKET 2021-2028

Market by Component, Applicati ..

VIEW REPORT
ASIA-PACIFIC AUTOMOTIVE POLYCARBONATE GLAZING MARKET 2019-2027
Automotive & Transportation

ASIA-PACIFIC AUTOMOTIVE POLYCARBONATE GLAZING MARKET 2019-2027

Market by Vehicle Type, Applic ..

VIEW REPORT
ASIA-PACIFIC AUTOMOTIVE TELEMATICS MARKET 2021-2028
Automotive & Transportation

ASIA-PACIFIC AUTOMOTIVE TELEMATICS MARKET 2021-2028

Market by End-user, Vehicle, T ..

VIEW REPORT
ASIA-PACIFIC AUTONOMOUS LAST MILE DELIVERY MARKET 2021-2028
Automotive & Transportation

ASIA-PACIFIC AUTONOMOUS LAST MILE DELIVERY MARKET 2021-2028

Market by Vehicle Type, Soluti ..

VIEW REPORT
ASIA-PACIFIC E-BIKE MARKET 2021-2028
Automotive & Transportation

ASIA-PACIFIC E-BIKE MARKET 2021-2028

Market by Product, Drive Mecha ..

VIEW REPORT

Table of Content

1. ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET – SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON THE AUTOMOTIVE STEERING SYSTEM INDUSTRY

2.2. KEY INSIGHTS

2.2.1. ADOPTION OF SENSORS

2.2.2. ADAS (ADVANCED DRIVER ASSISTANCE SYSTEMS) ADOPTION IN AUTOMOTIVE

2.2.3. USAGE OF TECHNOLOGICALLY ADVANCED EPS

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTE

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. KEY IMPACT ANALYSIS

2.6.1. FUEL CONSUMPTION

2.6.2. CO2 EMISSION

2.6.3. MAINTENANCE

2.7. KEY MARKET STRATEGIES

2.7.1. PRODUCT LAUNCHES

2.7.2. CONTRACTS & PARTNERSHIPS

2.7.3. BUSINESS EXPANSIONS & DIVESTITURES

2.8. MARKET DRIVERS

2.8.1. GROWING DEMAND FOR MORE FUNCTIONS IN ELECTRONIC CONTROL UNIT (ECU)

2.8.2. STRINGENT FUEL EFFICIENCY NORMS

2.9. MARKET CHALLENGES

2.9.1. HIGH COST OF AUTOMOTIVE

2.9.2. AUTONOMOUS FEATURES IN CARS

2.10. MARKET OPPORTUNITIES

2.10.1. POSITIVE OUTLOOK FOR AUTOMOTIVE PRODUCTION

2.10.2. GROWING NUMBER OF ELECTRIC VEHICLES

3. ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET OUTLOOK – BY VEHICLE TYPE

3.1. ICE-DRIVEN

3.2. ELECTRIC VEHICLES

3.2.1. PHEV (PLUG-IN HYBRID ELECTRIC VEHICLE)

3.2.2. BEV (BATTERY ELECTRIC VEHICLE)

3.2.3. FCEV (FUEL CELL ELECTRIC VEHICLE)

3.2.4. HEV (HYBRID ELECTRIC VEHICLE)

4. ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET OUTLOOK – BY TYPE

4.1. ELECTRIC STEERING SYSTEM

4.1.1. ELECTRIC POWER STEERING SYSTEM BY TYPE

4.1.1.1. COLUMN-ASSIST TYPE (C-EPS)

4.1.1.2. PINION-ASSIST TYPE (P-EPS)

4.1.1.3. DIRECT DRIVE TYPE (D-EPS)

4.1.1.4. RACK-ASSIST TYPE (R-EPS)

4.1.2. ELECTRIC POWER STEERING SYSTEM BY COMPONENTS

4.1.2.1. STEERING RACK/COLUMN

4.1.2.2. SENSOR

4.1.2.3. STEERING MOTOR

4.1.2.4. OTHER COMPONENT TYPES

4.2. HYDRAULIC STEERING SYSTEM

4.3. ELECTRO-HYDRAULIC

4.4. STEER BY WIRE

5. ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET – REGIONAL OUTLOOK

5.1. CHINA

5.2. JAPAN

5.3. INDIA

5.4. SOUTH KOREA

5.5. ASEAN COUNTRIES

5.6. REST OF ASIA PACIFIC

6. COMPETITIVE LANDSCAPE

6.1. CHINA AUTOMOTIVE SYSTEMS INC

6.2. DENSO CORPORATION

6.3. HITACHI ASTEMO LTD

6.4. HONDA MOTOR COMPANY

6.5. HYUNDAI MOBIS

6.6. JTEKT CORPORATION

6.7. MANDO CORPORATION

6.8. MITSUBISHI ELECTRIC CORPORATION

6.9. NEXTEER AUTOMOTIVE CORPORATION

6.10. NSK LTD

6.11. ROBERT BOSCH GMBH

6.12. THYSSENKRUPP AG

6.13. ZF FRIEDRICHSHAFEN AG

7. RESEARCH METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.2. SOURCES OF DATA

7.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)          

TABLE 2: VENDOR SCORECARD        

TABLE 3: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)   

TABLE 4: ASIA-PACIFIC ELECTRIC POWER STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)          

TABLE 5: ASIA-PACIFIC ELECTRIC POWER STEERING SYSTEM MARKET, BY COMPONENTS, 2021-2028 (IN $ MILLION)     

TABLE 6: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)                       

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX       

FIGURE 2: KEY IMPACT ANALYSIS     

FIGURE 3: PRODUCTION OF AUTOMOBILES (2016-2020)

FIGURE 4: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2020 & 2028 (IN %)

FIGURE 5: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC STEERING SYSTEM, 2021-2028 (IN $ MILLION)        

FIGURE 6: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY COLUMN-ASSIST TYPE (C-EPS), 2021-2028 (IN $ MILLION)       

FIGURE 7: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY PINION-ASSIST TYPE (C-EPS), 2021-2028 (IN $ MILLION)       

FIGURE 8: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY DIRECT DRIVE TYPE (D-EPS), 2021-2028 (IN $ MILLION)       

FIGURE 9: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY RACK-ASSIST TYPE (R-EPS), 2021-2028 (IN $ MILLION)       

FIGURE 10: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY STEERING RACK/COLUMN, 2021-2028 (IN $ MILLION)    

FIGURE 11: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY SENSOR, 2021-2028 (IN $ MILLION)          

FIGURE 12: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY STEERING MOTOR, 2021-2028 (IN $ MILLION)       

FIGURE 13: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY OTHER COMPONENT TYPES, 2021-2028 (IN $ MILLION)      

FIGURE 14: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY HYDRAULIC STEERING SYSTEM, 2021-2028 (IN $ MILLION)        

FIGURE 15: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRO-HYDRAULIC, 2021-2028 (IN $ MILLION)           

FIGURE 16: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, BY STEER BY WIRE, 2021-2028 (IN $ MILLION)

FIGURE 17: ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)  

FIGURE 18: CHINA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)           

FIGURE 19: JAPAN AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)           

FIGURE 20: INDIA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION) 

FIGURE 21: SOUTH KOREA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)      

FIGURE 22: ASEAN COUNTRIES AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)      

FIGURE 23: REST OF ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)         

Purchase Options

  • Licence Type
  • Price
  • User/Sharing
  • Printing
  • Delivery Formats
  • Free customization (Pre-sale)
  • Analyst hour support (Post Sale)
  • Customized notification for newly published report
  • Free report on update (within 180 days)

Single User PDF

$1,500.00

  • User/Sharing
  • Restricted to one authorized user
  • Printing
  • Not printable
  • Delivery Formats
  • Pdf
  • Free customization (Pre-sale)
  • 10% Free customization
  • Analyst hour support (Post Sale)
  • 3 hours
  • Customized notification (newly published)
  • Free report on update (within 180 days)

Enterprise Online/PDF

$2,200.00

  • User/Sharing
  • Unlimited
  • Printing
  • Unlimited
  • Delivery Formats
  • Pdf and market estimation excel
  • Free customization (Pre-sale)
  • 20% Free customization
  • Analyst hour support (Post Sale)
  • 8 hour
  • Customized notification (newly published)
  • Free report on update (within 180 days)

Request free Sample

SUBMIT REQUEST
Request Custom Report

Request Custom Report

Enquire before buying

Enquire Before Buying

;