Automotive Steering System
                     Automotive Steering System
Market
The global automotive steering system market was valued at US$ 22,501.01 
million in 2020 and is projected to reach US$ 30,875.8 million by 2028; it is 
expected to grow at a CAGR of 4.3% during 2021–2028.
Market Insights–Automotive Steering System 
Market
Stringent Fuel Efficiency Norms Compel Demand for 
Automotive Steering Systems
Several governments across the world have enacted strict 
automotive emission and fuel economy legislations. 
Fleet-level regulations have been enforced by regulatory bodies 
such as the National Highway Traffic and Safety Administration 
in the US and the International Council on Clean Transportation
 in Europe
Strategic Insights
Report Coverage Details
Market Size Value in US$ 22,501.01 Million in 2020
Market Size Value by US$ 30,875.8 Million by 2028
Growth rate CAGR of 4.3% from 2021-2028
Forecast Period 2021-2028
Company Profiles
•China Automotive Systems, Inc.
•Nexteer Automotive
•Hitachi Automotive Systems Americas, Inc.
•Hyundai Mobis
• JTEKT Corporation
•The Mando Corporation
•NSK Ltd.
•Robert Bosch GmbH
• Showa Corporation
•ThyssenKrupp AG
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