Automotive Steering Systems Market Forecast will Surpass US$ 40 Bn by 2022

The global market for automotive steering systems is expected to witness higher adoption of electronic power steering (EPS) systems. Leading developers of automotive steering systems are working towards development of EPS systems that fit the maneuvering needs of heavy vehicles. Demand for automotive steering systems is projected to gain traction on the account of growing regulatory & government initiatives is lowering road accident incidences caused by faulty steering systems. This report offers a forecast on the growth of global automotive steering systems market during 2017-2022, providing key insights that will influence strategies of steering system manufacturers.

The scope of the report is to analyze the global automotive steering systems market for the period 2017-2022 and give readers an accurate, unbiased analysis. Automotive steering system manufacturers, suppliers, and stakeholders in the overall automotive market can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines.

The report begins with a concise summary of the global automotive steering systems market. This executive summary sets the tone for the rest of the report, giving users the scope of the report. The executive summary includes important facts and statistics on the global automotive steering systems market.

The next section is an overview of the global automotive steering systems market. This includes the introduction to the market and a standard definition of the product – vehicle steering systems. In this section, year-over-year growth and market value is offered to readers. Year-over-year growth gives readers a broader picture on growth patterns during the forecast period.

The next section of the report offers a thorough description of the latest macroeconomic factors that have a bearing on the global automotive steering systems market. Considering the interconnectedness of the steering systems market to global automotive market and, in general, the global economy, readers will get valuable insights on how international developments impact this market.

In a bid to keep readers up-to-date on the latest developments in the global automotive steering systems market, the report offers readers a roundup of the latest trends impacting the market. As the automotive sector is ever-evolving, staying abreast with latest trends and developments is paramount to formulating key business strategies. Information on supply chain, cost structure, pricing analysis, raw material sourcing, and list of distributors are offered to readers in this section.

The range of automotive steering systems market is expanding rapidly, hence, the report has provided a segment-wise analysis & forecast. This segmental analysis categorizes the growth of global automotive steering systems market through – product type, vehicle type, sales channel and region. A detailed country-specific forecast on every parameter encompassing the global automotive steering systems market is provided in this section.

The concluding section of the report profiles companies operating in the global automotive steering systems market. Companies of all sizes, including market leaders, established players, and market entrants are profiled in this section. The competitive intelligence offers information on company overview and other important parameters, such as product offerings and key financials.

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Yogesh Sengar

Yogesh Sengar is an experienced digital marketing professional. He tracks the latest trends and happenings in the digital marketing landscape, also offering his opinion on their impact on businesses. He has experience in both B2C and B2B markets. His hobbies include reading books and travelling.