NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028

Automotive & Transportation | Automotive Systems

NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028

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

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The automotive steering system market in North America is expected to grow with a CAGR of 4.19% during the estimated years from 2021 to 2028.


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The key countries covered in this market include:

•      The United States

•      Canada

North America is expected to remain a highly attractive market for automotive steering systems over the forthcoming period. The growth in this market can be attributed to the high per capita vehicle ownership in the United States, along with a high per capita income. North America is a major market for commercial vehicles, including heavy trucks, as well as construction and agricultural machinery. Most of the vehicles here are equipped with electro-hydraulic power steering systems.

In Canada, every new vehicle sold is equipped with a power steering. Automakers in the country are increasingly offering vehicles equipped with electric systems, and there are also those with a combination of electric and hydraulic systems. Canadian auto manufacturers are leading the way, developing transformative automotive technologies.

The country’s expertise in emerging technologies is garnering major investments in autonomous & connected vehicle research from global OEMs like Ford and GM, as well as tech giants like Google, Uber, and Nvidia, among others. These developments to cater to the growing demand for automotive steering systems will boost the growth of the market in the projected period.

Nexteer Automotive Corporation is a leading global name in advanced steering & driveline systems, autonomous driving (AD) enabling technologies, and advanced driver assistance systems (ADAS). The company develops, manufactures, and completely integrates hardware, software, & electronics, which give it a competitive edge as a full-service supplier.

Nexteer offers a wide range of products like electronic power steering, hydraulic power steering, driveline systems, and ADAS & autonomous technologies. The company manufactures and distributes steering and driving systems and components, mainly for automotive OEMs. Founded in 1906, the US-based company is headquartered in Auburn Hills, Michigan.

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Table of Content

1. NORTH AMERICA 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. NORTH AMERICA 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. NORTH AMERICA 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. NORTH AMERICA AUTOMOTIVE STEERING SYSTEMS MARKET – REGIONAL OUTLOOK

5.1. UNITED STATES

5.2. CANADA

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: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD        

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

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

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

TABLE 6: NORTH AMERICA 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: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2020 & 2028 (IN %)  

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

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

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

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

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

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

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

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

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

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

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

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

FIGURE 17: NORTH AMERICA AUTOMOTIVE STEERING SYSTEM MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)  

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

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

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