Global Automotive Steering System Market Analysis During 2017-2021 May 2017

Global Automotive Steering System Market 2017-2021
Global Automotive Steering System Market report covers the present scenario and the growth
prospects of the industry for 2017-2021. To calculate the market size, the report considers the sales of
automotive steering system, globally.
In addition, the report discusses the major drivers that influence the growth of the market and outlines
the challenges faced by the operators and the market at large, as well as the emerging trends in the
market. The analysts forecast global Automotive Steering System Market to grow at a CAGR of 6.49%
during the period 2017-2021.
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Key vendors
The key players in the Automotive Steering System Market are Bosch, Nexteer, ThyssenKrupp.
Other Prominent Vendors
Other Prominent Vendors in the market are Atmel, DENSO, Mitsubishi Electric, Tianjin, China
Automotive Systems, NSK.
An automotive steering system acts as a direct line of control and communication between the driver
and vehicle. From being rigid mechanisms, automotive steering systems have evolved into more
technologically advanced, reliable, smooth, and easy-to-use systems.
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Modern automotive steering systems are equipped with advanced safety systems and advanced driver
assistance systems (ADAS) such as airbags in steering wheels, anti-lock braking system (ABS), adaptive
cruise control (ACC), and power assisted steering (PAS) to ensure safe and smooth driving and to provide
improved directional stability and agility to the vehicle.
Market driver
Increase in sales of passenger cars and SUVs.
Market challenge
Increase in number of on-demand taxi operators in China and India.
Market trend
Development of four-wheel steering system.
The report, Global Automotive Steering System Market 2017-2021, has been prepared based on an in-
depth market analysis with inputs from industry experts. This report covers the market landscape and its
growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
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steering-system-market-2017-2021.html