Market by Vehicle Type, Type, and Country | Forecast 2021-2028
According to Triton
Market Research, the Asia-Pacific automotive steering system market is expected
to progress with a CAGR of 5.63% over the forecast years 2021-2028.
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The countries studied
in this market include:
• China
• Japan
• India
• South Korea
• ASEAN countries
• Rest of Asia-Pacific
The Chinese economy is
seeing growth, and the disposable income of its middle-class consumers is also
on the rise. This, in turn, is positively influencing the demand for vehicles.
In the past few years, vehicle production has increased drastically in the country,
thanks to the low production costs. Due to the rise in vehicle production, the
market for electric power steering components is also gaining momentum.
Moreover, the
Government of China has also cut down taxes on cars, to increase their sales.
All these factors are building up demand for automotive steering systems. This
is expected to foster the growth of the Chinese market in the coming years.
South Korea has always
been one of the top automotive manufacturing nations in the world. Preparing
for the upcoming period of self-driving cars, Hyundai Mobis, an auto parts
manufacturing company in the country, unveiled a steering wheel – it can be
folded when not in use. This foldable steering wheel system maximizes the drivers’
comfort by allowing more space. The prevalence of such companies is expected to
drive the growth of the automotive steering system market in the country in the
near future.
Denso Corporation is a
globally renowned company supplying advanced automotive technology, systems,
and components. It develops and manufactures gasoline & diesel engine
management systems and engine-related products, air conditioning systems and
related air conditioning products, truck refrigeration units, small motor
systems for automobiles, power supply & starting system parts, and advanced
safety & automated driving products. Under automotive driving systems, it
offers EPS technology and sensors. The Japan-based company is headquartered in
Kariya, Aichi.
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VIEW REPORT1. ASIA-PACIFIC
AUTOMOTIVE STEERING SYSTEM MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE AUTOMOTIVE STEERING SYSTEM INDUSTRY
2.2. KEY
INSIGHTS
2.2.1. ADOPTION
OF SENSORS
2.2.2. ADAS
(ADVANCED DRIVER ASSISTANCE SYSTEMS) ADOPTION IN AUTOMOTIVE
2.2.3. USAGE
OF TECHNOLOGICALLY ADVANCED EPS
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. KEY
IMPACT ANALYSIS
2.6.1. FUEL
CONSUMPTION
2.6.2. CO2
EMISSION
2.6.3. MAINTENANCE
2.7. KEY
MARKET STRATEGIES
2.7.1. PRODUCT
LAUNCHES
2.7.2. CONTRACTS
& PARTNERSHIPS
2.7.3. BUSINESS
EXPANSIONS & DIVESTITURES
2.8. MARKET
DRIVERS
2.8.1. GROWING
DEMAND FOR MORE FUNCTIONS IN ELECTRONIC CONTROL UNIT (ECU)
2.8.2. STRINGENT
FUEL EFFICIENCY NORMS
2.9. MARKET
CHALLENGES
2.9.1. HIGH
COST OF AUTOMOTIVE
2.9.2. AUTONOMOUS
FEATURES IN CARS
2.10. MARKET
OPPORTUNITIES
2.10.1. POSITIVE
OUTLOOK FOR AUTOMOTIVE PRODUCTION
2.10.2. GROWING
NUMBER OF ELECTRIC VEHICLES
3. ASIA-PACIFIC
AUTOMOTIVE STEERING SYSTEM MARKET OUTLOOK – BY VEHICLE TYPE
3.1. ICE-DRIVEN
3.2. ELECTRIC
VEHICLES
3.2.1. PHEV
(PLUG-IN HYBRID ELECTRIC VEHICLE)
3.2.2. BEV
(BATTERY ELECTRIC VEHICLE)
3.2.3. FCEV
(FUEL CELL ELECTRIC VEHICLE)
3.2.4. HEV
(HYBRID ELECTRIC VEHICLE)
4. ASIA-PACIFIC
AUTOMOTIVE STEERING SYSTEM MARKET OUTLOOK – BY TYPE
4.1. ELECTRIC
STEERING SYSTEM
4.1.1. ELECTRIC
POWER STEERING SYSTEM BY TYPE
4.1.1.1. COLUMN-ASSIST
TYPE (C-EPS)
4.1.1.2. PINION-ASSIST
TYPE (P-EPS)
4.1.1.3. DIRECT
DRIVE TYPE (D-EPS)
4.1.1.4. RACK-ASSIST
TYPE (R-EPS)
4.1.2. ELECTRIC
POWER STEERING SYSTEM BY COMPONENTS
4.1.2.1. STEERING
RACK/COLUMN
4.1.2.2. SENSOR
4.1.2.3. STEERING
MOTOR
4.1.2.4. OTHER
COMPONENT TYPES
4.2. HYDRAULIC
STEERING SYSTEM
4.3. ELECTRO-HYDRAULIC
4.4. STEER
BY WIRE
5. ASIA-PACIFIC
AUTOMOTIVE STEERING SYSTEM MARKET – REGIONAL OUTLOOK
5.1. CHINA
5.2. JAPAN
5.3. INDIA
5.4. SOUTH
KOREA
5.5. ASEAN
COUNTRIES
5.6. REST
OF ASIA PACIFIC
6. COMPETITIVE
LANDSCAPE
6.1. CHINA
AUTOMOTIVE SYSTEMS INC
6.2. DENSO
CORPORATION
6.3. HITACHI
ASTEMO LTD
6.4. HONDA
MOTOR COMPANY
6.5. HYUNDAI
MOBIS
6.6. JTEKT
CORPORATION
6.7. MANDO
CORPORATION
6.8. MITSUBISHI
ELECTRIC CORPORATION
6.9. NEXTEER
AUTOMOTIVE CORPORATION
6.10. NSK
LTD
6.11. ROBERT
BOSCH GMBH
6.12. THYSSENKRUPP
AG
6.13. ZF
FRIEDRICHSHAFEN AG
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES
OF DATA
7.3. RESEARCH
METHODOLOGY
TABLE 1: ASIA-PACIFIC
AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 2: VENDOR
SCORECARD
TABLE 3: ASIA-PACIFIC
AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 4: ASIA-PACIFIC
ELECTRIC POWER STEERING SYSTEM MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC
ELECTRIC POWER STEERING SYSTEM MARKET, BY COMPONENTS, 2021-2028 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC
AUTOMOTIVE STEERING SYSTEM MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: KEY IMPACT
ANALYSIS
FIGURE 3: PRODUCTION OF
AUTOMOBILES (2016-2020)
FIGURE 4: ASIA-PACIFIC
AUTOMOTIVE STEERING SYSTEM MARKET, BY TYPE, 2020 & 2028 (IN %)
FIGURE 5: ASIA-PACIFIC
AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRIC STEERING SYSTEM, 2021-2028 (IN $
MILLION)
FIGURE 6: ASIA-PACIFIC
AUTOMOTIVE STEERING SYSTEM MARKET, BY COLUMN-ASSIST TYPE (C-EPS), 2021-2028 (IN
$ MILLION)
FIGURE 7: ASIA-PACIFIC
AUTOMOTIVE STEERING SYSTEM MARKET, BY PINION-ASSIST TYPE (C-EPS), 2021-2028 (IN
$ MILLION)
FIGURE 8: ASIA-PACIFIC
AUTOMOTIVE STEERING SYSTEM MARKET, BY DIRECT DRIVE TYPE (D-EPS), 2021-2028 (IN
$ MILLION)
FIGURE 9: ASIA-PACIFIC
AUTOMOTIVE STEERING SYSTEM MARKET, BY RACK-ASSIST TYPE (R-EPS), 2021-2028 (IN $
MILLION)
FIGURE 10: ASIA-PACIFIC
AUTOMOTIVE STEERING SYSTEM MARKET, BY STEERING RACK/COLUMN, 2021-2028 (IN $
MILLION)
FIGURE 11: ASIA-PACIFIC
AUTOMOTIVE STEERING SYSTEM MARKET, BY SENSOR, 2021-2028 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC
AUTOMOTIVE STEERING SYSTEM MARKET, BY STEERING MOTOR, 2021-2028 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC
AUTOMOTIVE STEERING SYSTEM MARKET, BY OTHER COMPONENT TYPES, 2021-2028 (IN $
MILLION)
FIGURE 14: ASIA-PACIFIC
AUTOMOTIVE STEERING SYSTEM MARKET, BY HYDRAULIC STEERING SYSTEM, 2021-2028 (IN
$ MILLION)
FIGURE 15: ASIA-PACIFIC
AUTOMOTIVE STEERING SYSTEM MARKET, BY ELECTRO-HYDRAULIC, 2021-2028 (IN $
MILLION)
FIGURE 16: ASIA-PACIFIC
AUTOMOTIVE STEERING SYSTEM MARKET, BY STEER BY WIRE, 2021-2028 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC
AUTOMOTIVE STEERING SYSTEM MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 18: CHINA
AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 19: JAPAN
AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 20: INDIA
AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 21: SOUTH KOREA
AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 22: ASEAN
COUNTRIES AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 23: REST OF
ASIA-PACIFIC AUTOMOTIVE STEERING SYSTEM MARKET 2021-2028 (IN $ MILLION)