Automotive Steering System Market Size, Share & Growth | Analysis 2027
The Automotive Steering System market is projected to grow from USD 35.3 billion in 2022 to USD 39.5 billion by 2027, at a CAGR of 2.3% over the forecast period.
The rapid adoption of Electric Vehicles (EVs) worldwide creates a huge demand for Electrical Power Steering (EPS) and Steer-by-Wire (SbW) steering systems. Integration of Advanced Driver Assistance Systems (ADAS) with EPS has helped OEMs...
Automotive Steering System Market Size, Share, Trends by 2027
The global Automotive Steering System market is forecasted to experience moderate growth, reaching USD 39.5 billion by 2027 from USD 35.3 billion in 2022, with a CAGR of 2.3% during the forecast period.
The market report provides detailed insights into the Automotive Steering System market, including market data tables, figures, and an in-depth table of contents. It covers various aspects such...
Automotive Steering System Market Size, Share & Growth 2027
Automotive Steering System market is projected to grow from USD 35.3 Billion in 2022 to USD 39.5 Billion by 2027, at a CAGR of 2.3% over the forecast period. Growing adoption of EVs, penetration of passenger cars, and an overall increase in vehicle production would fuel the demand for steering systems, especially EPS systems, in the coming years. Also, advancements in autonomous vehicles is expected...
Automotive Steering System Market Size, Share & Growth 2027
The Automotive Steering System market is projected to grow from USD 35.3 billion in 2022 to USD 39.5 billion by 2027, at a CAGR of 2.3% over the forecast period.
The rapid adoption of Electric Vehicles (EVs) worldwide creates a huge demand for Electrical Power Steering (EPS) and Steer-by-Wire (SbW) steering systems. Integration of Advanced Driver Assistance Systems (ADAS) with EPS has helped OEMs...
Automotive Steering System Market Size, Share, Trends by 2025
The automotive steering system market is projected to reach USD 36.9 billion by 2025 from USD 29.3 billion in 2020, at a CAGR of 4.7% from 2020 to 2025. The growth of this market is primarily driven by the increasing demand for fuel-efficient and better driving comfort vehicles.
Steering Column to be the largest segment, by component.
The steering column segment, by value, is estimated to lead...