Automotive Steering System Market - Top Companies and Manufacturers

  • Report ID: 4638
  • Published Date: Oct 11, 2024
  • Report Format: PDF, PPT

Companies Dominating the Automotive Steering System Landscape

    • JTEKT Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Hella KGaA Hueck & Co.
    • Nexteer Automotive Corporation
    • ZF Friedrichshafen AG
    • Robert Bosch GmbH
    • NSK Steering Systems Co., Ltd.
    • Mando Corp.
    • Mitsubishi Electric Corporation
    • China Automotive Systems, Inc.
    • ThyssenKrupp AG

Browse Key Market Insights with Data Illustration:

In the News

  • JTEKT Corporation has developed "Pairdriver", a human-centered automated steering control system, that realizes safe driving by sharing the steering of the vehicle between the driver and automation. Pairdriver is a remarkable response to the upcoming expansion of automated driving by making it seamless and providing an enhanced steering collaboration between driver and automation along with automated lane tracing.

  • Nexteer Automotive Corporation expanded the output capabilities of its pinion electric power steering (EPS) systems for meeting the needs of heavier electric vehicles (EVs) in segments B through D. The Dual Pinion-Assist EPS and Single Pinon-Assist EPS are new high output options that also joins the High-Out Rack Assist EPS system that was launched by the company before.


Author Credits:  Saima Khursheed


  • Report ID: 4638
  • Published Date: Oct 11, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of automotive steering system is assessed at USD 24.51 billion.

The automotive steering system market size was over USD 23.81 billion in 2024 and is poised to reach USD 37.98 billion by the end of 2037, growing at around 3.8% CAGR during the forecast period i.e., between 2025-2037. Surge in the penetration of electromechanical steering systems and growing demand for steering wheel will boost the market growth.

Asia Pacific industry is expected to account for largest revenue share by 2037, owing to growing number of vehicles along with increasing demand for driving-assist functions amongst vehicle users in the region.

The major players in the market include JTEKT Corporation, Hella KGaA Hueck & Co., Nexteer Automotive Corporation, ZF Friedrichshafen AG, Robert Bosch GmbH, NSK Steering Systems Co., Ltd., Mando Corp., Mitsubishi Electric Corporation, China Automotive Systems, Inc., ThyssenKrupp AG.
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