ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028

 

TABLE OF CONTENTS

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

 

 

TABLE LIST

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)           

 

 

FIGURE LIST

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)    

 

 

MARKET OUTLOOK 

Based on a study by Triton Market Research, the automotive steering system market in the Asia-Pacific is expected to develop with a CAGR of 5.63% in the forecasting years from 2021 to 2028. Japan, India, China, ASEAN countries, South Korea, and Rest of Asia-Pacific together shape the market in this region.

In 2020, India was the fifth-largest automobile market in the world, with a total of 3.49 million units sold in the commercial and passenger vehicles categories. It was also the seventh-largest commercial vehicle manufacturer in 2019. The country has a growing middle class and a young population, owing to which the two-wheelers segment here dominates the market in terms of volume. Moreover, companies are showing a growing interest in exploring rural markets, which is further aiding the growth of the sector.

India is also a major automotive exporter, and a significant increase in exports is expected in the near future. Additionally, several initiatives by the Government of India and eminent automobile players in this market are expected to make the nation a leader in the two-wheeler & four-wheeler automotive market.

The trends for the automotive steering system market show a continuous rise in vehicle sales, which can be attributed to the substantial rise in the need for motor vehicles. And with major OEMs considerably investing in this sector, this trend is anticipated to gain more popularity over a few years. The rise in the installation of automotive steering systems to control vehicles’ direction also acts as a key driving factor for the studied market. Besides, the surge in the cases of road accidents causes damage to the steering system or its components, which consequently augments the demand for steering systems.

 

Get more insights into the Asia-Pacific Automotive Steering System Market:

https://www.tritonmarketresearch.com/reports/asia-pacific-automotive-steering-system-market

 

COMPETITIVE OUTLOOK

The leading players in the automotive steering system market include Mitsubishi Electric Corporation, JTEKT Corporation, NSK Ltd, Nexteer Automotive Corporation, Hyundai Mobis, and Mando Corporation.

 

 

SEGMENTATION

1.     CHINA AUTOMOTIVE SYSTEMS INC

2.     DENSO CORPORATION

3.     HITACHI ASTEMO LTD

4.     HONDA MOTOR COMPANY

5.     HYUNDAI MOBIS

6.     JTEKT CORPORATION

7.     MANDO CORPORATION

8.     MITSUBISHI ELECTRIC CORPORATION

9.     NEXTEER AUTOMOTIVE CORPORATION

10. NSK LTD

11. ROBERT BOSCH GMBH

12. THYSSENKRUPP AG

13. ZF FRIEDRICHSHAFEN AG