The latest trend gaining momentum in the market is growing pursuit of electrohydraulic power steering in HCVS. As part of the electrification trend in the automotive industry, energy saving is one of the most important concerns for the development of new vehicles, especially for power steering systems. In a hydraulic power steering system, 70% of the fuel gets consumed by hydraulics, which can be avoided. Hence, the application of more advanced power steering systems such as electric power steering and electrohydraulic power steering can help achieve fuel economy. LPI (LP Information)' newest research report, the ﾓAutomotive Power Steering Gears Industry Forecastﾔ looks at past sales and reviews total world Automotive Power Steering Gears sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Power Steering Gears sales for 2023 through 2029. With Automotive Power Steering Gears sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Power Steering Gears industry. This Insight Report provides a comprehensive analysis of the global Automotive Power Steering Gears landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Power Steering Gears portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Power Steering Gears market. This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Power Steering Gears and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Power Steering Gears. The global Automotive Power Steering Gears market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029. United States market for Automotive Power Steering Gears is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029. China market for Automotive Power Steering Gears is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029. Europe market for Automotive Power Steering Gears is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029. Global key Automotive Power Steering Gears players cover JTEKT, Bosch, NSK, Nexteer, ZF, Mobis, Showa, Thyssenkrupp and Mando, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022. This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Power Steering Gears market by product type, application, key manufacturers and key regions and countries. Market Segmentation: Segmentation by type Hydraulic Power Steering Electric Power Steering Other Segmentation by application Passenger Car Commercial Vehicle This report also splits the market by region: Americas United States Canada Mexico Brazil APAC China Japan Korea Southeast Asia India Australia Europe Germany France UK Italy Russia Middle East & Africa Egypt South Africa Israel Turkey GCC Countries The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration. JTEKT Bosch NSK Nexteer ZF Mobis Showa Thyssenkrupp Mando Key Questions Addressed in this Report What is the 10-year outlook for the global Automotive Power Steering Gears market? What factors are driving Automotive Power Steering Gears market growth, globally and by region? Which technologies are poised for the fastest growth by market and region? How do Automotive Power Steering Gears market opportunities vary by end market size? How does Automotive Power Steering Gears break out type, application? What are the influences of COVID-19 and Russia-Ukraine war?
1 Scope of the Report 1.1 Market Introduction 1.2 Years Considered 1.3 Research Objectives 1.4 Market Research Methodology 1.5 Research Process and Data Source 1.6 Economic Indicators 1.7 Currency Considered 1.8 Market Estimation Caveats 2 Executive Summary 2.1 World Market Overview 2.1.1 Global Automotive Power Steering Gears Annual Sales 2018-2029
