Steering market is projected to grow at a CAGR of 6.47% from 2016 to 2021, to reach USD 42.77 Billion
by 2021. The Asia-Oceania region is estimated to lead in the market in terms of growth rate during the
forecast period. The increasing demand for automotive comfort and safety is a key driver of the steering
market.
Browse 88 market Tables and 58 Figures spread through 165 Pages and in-depth TOC on "Steering
Market"
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Key Players of Wiper Steering Market:
JTEKT Corporation (Japan)
Robert Bosch Automotive Steering GmbH (Germany)
ZF TRW (U.S.), Nexteer Automotive (U.S.)
NSK Ltd. (Japan)
China Automotive Systems (China)
Steering wheel speed sensor: Fastest growing market
The steering wheel speed sensor is a critical component of the steering system, as it monitors the
steering wheels rotational speed. The sensor is primarily used in the EPS system. The increasing
adoption of EPS in vehicles has boosted the demand for steering wheel sensors. Asia-Oceania is
estimated to lead the steering wheel speed sensor market, followed by North America and the Rest of
the World, owing to the increasing adoption of EPS in the region.
Electronic power steering: A promising market
The majority of new cars sold today feature Electric Power Steering (EPS). The market for EPS systems is
estimated to grow at a high CAGR, owing to the increasing production of passenger cars and sports
utility vehicles (SUVs). The EPS market is primarily driven by the rising demand for fuel efficiency and the
growth of the automotive industry in emerging economies. The demand for column-assist EPS, which is
suitable for small or medium-sized vehicles, and rack-assist EPS, which is frequently used in large