Automotive Rack and Pinion Steering System as an input for many safety systems, including lane keep assist and electronic stability control. Technological advances have helped steering systems evolve from manual to EPS and steer-by-wire systems.
Market Analysis and Insights: Global and United States Automotive Rack and Pinion Steering System Market
This report focuses on global and United States Automotive Rack and Pinion Steering System market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Automotive Rack and Pinion Steering System market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, by Type, Steering System accounting for % of the Automotive Rack and Pinion Steering System global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Passenger Car was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
The Asia-Pacific region market is projected to grow at the highest CAGR during the forecast period.
Global Automotive Rack and Pinion Steering System Scope and Market Size
Automotive Rack and Pinion Steering System market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Automotive Rack and Pinion Steering System market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Automotive Rack and Pinion Steering System market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Steering System
Component
Segment by Application
Passenger Car
Commercial Vehicle
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
JTEKT
Knorr-Bremse
Nexteer Automotive
Robert Bosch GmbH
ZF Friedrichshafen