Automotive Power Steering Gears Market

The latest trend gaining momentum in the market is growing pursuit of electrohydraulic power steering in HCVS. As part of the electrification trend in the automotive industry, energy saving is one of the most important concerns for the development of new vehicles, especially for power steering systems. In a hydraulic power steering system, 70% of the fuel gets consumed by hydraulics, which can be avoided. Hence, the application of more advanced power steering systems such as electric power steering and electrohydraulic power steering can help achieve fuel economy.

Automotive Power Steering Gears Market contains market size and forecasts of Automotive Power Steering Gears in global, including the following market information:

Global Automotive Power Steering Gears Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Automotive Power Steering Gears Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Automotive Power Steering Gears companies in 2021 (%)

The global Automotive Power Steering Gears market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Hydraulic Power Steering Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Automotive Power Steering Gears include JTEKT, Bosch, NSK, Nexteer, ZF, Mobis, Showa, Thyssenkrupp and Mando. etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Automotive Power Steering Gears manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Automotive Power Steering Gears Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Automotive Power Steering Gears Market Segment Percentages, by Type, 2021 (%)

Hydraulic Power Steering

Electric Power Steering

Other

Global Automotive Power Steering Gears Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Automotive Power Steering Gears Market Segment Percentages, by Application, 2021 (%)

Passenger Car

Commercial Vehicle

Global Automotive Power Steering Gears Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Automotive Power Steering Gears Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Automotive Power Steering Gears revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Automotive Power Steering Gears revenues share in global market, 2021 (%)

Key companies Automotive Power Steering Gears sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Automotive Power Steering Gears sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

JTEKT

Bosch

NSK

Nexteer

ZF

Mobis

Showa

Thyssenkrupp

Mando