Market by Vehicle Type, Type, and Country | Forecast 2021-2028
The automotive steering system market in Europe is expected to progress
with 5.01% of CAGR in the forecast years between 2021 and 2028.
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The countries studied in this market are:
• The United Kingdom
• Spain
• Russia
• Germany
• France
• Italy
• Rest of Europe
Automotive is an important sector for Italy, with 5,500 companies and
over 274,000 employees. In 2019, the turnover of the automotive supply chain of
the country was $118.5 billion. In the first quarter of 2020, Italy was the
third largest European automotive market after Germany and France, registering
347,000 new passenger vehicles.
In June 2017, Bosch acquired all shares of the Italian company Albertini
Cesare SpA. It manufactures die-cast aluminum and cast housings, mainly for the
automotive sector, including electric steering systems. Such developments
indicate a positive outlook for the Italian automotive steering system market
in the estimated period.
The automotive industry in Slovakia is one of its key sectors and a
driving force of its economy. The country is the biggest car producer (per
capita) in the world, and manufactures more than 1 million cars every year.
Vehicle production accounts for 12% of the whole GDP and 35% of the exports in
Slovakia. Over the past two decades, the domestic auto industry has been an
important one, receiving large sums for foreign direct investments.
In addition to this, the country boasts of the presence of renowned car
brands kike PSA Peugeot Citroën, Volkswagen, Jaguar Land Rover, and Kia Motors.
All these factors are boosting the studied market growth. Further, the presence
of TRW Automotive Holdings Corp’s technologically advanced manufacturing plant
in the nation has been driving the demand for automotive steering systems here.
ZF Friedrichshafen AG manufactures and supplies
automatic and manual transmission systems for cars, commercial vehicles, and
marine vessels. It offers technologies for autonomous driving, integrated
safety, electric mobility, vehicle motion control, and digitalization. For the
automotive industry, the company offers products for passenger cars, light commercial
vehicles, buses, trucks, motorsport, and motorcycles. Also, its increasing
investment in AI-powered auto-driving vehicles is expected to open new
opportunities for ZF Friedrichshafen in this highly competitive market. Founded
in 1915, it is headquartered in Baden-Württemberg, Germany.
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VIEW REPORT1. EUROPE
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. EUROPE
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. EUROPE
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. EUROPE
AUTOMOTIVE STEERING SYSTEM MARKET – REGIONAL OUTLOOK
5.1. UNITED
KINGDOM
5.2. GERMANY
5.3. FRANCE
5.4. SPAIN
5.5. ITALY
5.6. RUSSIA
5.7. REST
OF EUROPE
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
TABLE 1: EUROPE
AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: EUROPE
AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 4: EUROPE
ELECTRIC POWER STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 5: EUROPE
ELECTRIC POWER STEERING SYSTEM MARKET, BY COMPONENTS, 2021-2028 (IN $ MILLION)
TABLE 6: EUROPE
AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: KEY IMPACT
ANALYSIS
FIGURE 3: PRODUCTION OF
AUTOMOBILES (2016-2020)
FIGURE 4: EUROPE
AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2020 & 2028 (IN %)
FIGURE 5: EUROPE
AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC STEERING SYSTEM, 2021-2028 (IN $
MILLION)
FIGURE 6: EUROPE
AUTOMOTIVE STEERING SYSTEM MARKET, BY COLUMN-ASSIST TYPE (C-EPS), 2021-2028 (IN
$ MILLION)
FIGURE 7: EUROPE
AUTOMOTIVE STEERING SYSTEM MARKET, BY PINION-ASSIST TYPE (C-EPS), 2021-2028 (IN
$ MILLION)
FIGURE 8: EUROPE
AUTOMOTIVE STEERING SYSTEM MARKET, BY DIRECT DRIVE TYPE (D-EPS), 2021-2028 (IN
$ MILLION)
FIGURE 9: EUROPE
AUTOMOTIVE STEERING SYSTEM MARKET, BY RACK-ASSIST TYPE (R-EPS), 2021-2028 (IN $
MILLION)
FIGURE 10: EUROPE
AUTOMOTIVE STEERING SYSTEM MARKET, BY STEERING RACK/COLUMN, 2021-2028 (IN $
MILLION)
FIGURE 11: EUROPE
AUTOMOTIVE STEERING SYSTEM MARKET, BY SENSOR, 2021-2028 (IN $ MILLION)
FIGURE 12: EUROPE
AUTOMOTIVE STEERING SYSTEM MARKET, BY STEERING MOTOR, 2021-2028 (IN $ MILLION)
FIGURE 13: EUROPE
AUTOMOTIVE STEERING SYSTEM MARKET, BY OTHER COMPONENT TYPES, 2021-2028 (IN $
MILLION)
FIGURE 14: EUROPE
AUTOMOTIVE STEERING SYSTEM MARKET, BY HYDRAULIC STEERING SYSTEM, 2021-2028 (IN
$ MILLION)
FIGURE 15: EUROPE
AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRO-HYDRAULIC, 2021-2028 (IN $
MILLION)
FIGURE 16: EUROPE
AUTOMOTIVE STEERING SYSTEM MARKET, BY STEER BY WIRE, 2021-2028 (IN $ MILLION)
FIGURE 17: EUROPE
AUTOMOTIVE STEERING SYSTEM MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 18: UNITED
KINGDOM AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 19: GERMANY
AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 20: FRANCE
AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 21: SPAIN
AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 22: ITALY
AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 23: RUSSIA
AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 24: REST OF
EUROPE AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)