MRO Magazine

Research and Markets: Steering Market by System, EPS Type, Component, Vehicle Type, & by Region – Forecast to 2020 with JTEKT, Robert Bosch, ZF Friedrichshafen, NSK & Nexteer Automotive Dominating

December 10, 2015
By Business Wire News


Research and Markets ( has announced the addition of the “Steering Market by System, EPS Type, Component, Vehicle Type, & by Region – Forecast to 2020” report to their offering.

The steering system market size is projected to grow at a promising CAGR of 6.18% during the forecast period, to reach USD35.99 Billion by 2020.

The automotive steering system market is projected to be the largest in Asia-Oceania from 2015 to 2020, owing to the rising demand for automobiles in this region. To cater to this demand, many OEMs as well as Tier-I players have expanded in this region. In addition, economic reforms, increasing population in countries such as India & China, upcoming emission & fuel efficiency regulations, and changing buyer preferences towards economic and technologically advanced vehicles are the key factors driving the advancements in the automotive market of the region. This eventually is estimated to influence the demand of the automotive steering system in the Asian market.

The market is dominated by players such as JTEKT Corporation (Japan), Robert Bosch GmbH (Germany), ZF Friedrichshafen AG (Germany), NSK Ltd. (Japan), Nexteer Automotive Group Ltd. (U.S.).

This report classifies and defines the steering system market size, in terms of volume and value. Market size, in terms of volume, is provided in thousand units (000 units) from 2013 to 2020, whereas the market size, in terms of value, is provided USD Million.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Automotive Steering System Market, By Type

7 Steering System Key Components Market, By Type

8 Steering System Market, By Safety Features

9 Agricultural Tractors Steering System Market, By Region

10 Electric Power Steering, By Type

11 Steering System Market, By Region

12 Competitive Landscape

13 Company Profiles

– Hitachi Ltd.

– Mando Corp.

– Nexteer Automotive Group Ltd.

– Nsk Ltd.

– Robert Bosch Gmbh

– Showa Corporation

– The Sona Group

– Thyssenkrupp Ag

– Zf Friedrichshafen Ag

For more information visit

Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Automotive Parts