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(Transportation-News.com, September 09, 2018 ) The steering system is a core element of any vehicle type. It comprises a steering wheel, universal joints, and hydraulic pump, electric motor and other components depending on the type of steering system and use. The prime role of an automobile steering system used in vehicles is to convert the rotary movement of the steering wheel into the angular turn of the front wheels.
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The rising vehicle production, growing demand for easy vehicle maneuverability, increasing demand for fuel-efficient vehicles couple with technological advancement in the automotive industry are the key factors contributing towards the growth of the global automotive steering system market over the forecast period. Furthermore, the increase in the cost of advanced steering system increases the cost of the vehicle, hence this factor may affect the growth of the automotive steering system market.
The "Global Automotive Steering System Market Analysis to 2025" is a specialized and in-depth study of the automotive steering system industry with a focus on the global market trend. The report aims to provide an overview of the global automotive steering system market with detailed market segmentation by type, component, vehicle type, and geography. The global automotive steering system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the automotive steering system market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global automotive steering system market based on by type, component, vehicle type, and region. It also provides market size and forecast till 2025 for overall automotive steering system market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 counties globally along with current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the market in these regions.
Also, key automotive steering system market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last 3 years, a key development in the past five years.
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Some of the key players influencing the market are Robert Bosch Automotive Steering GmbH, ZF Friedrichshafen AG, ThyssenKrupp AG, JTEKT Corporation, Sona Koyo Steering Systems Ltd., Mitsubishi Electric Corporation, Hyundai Mobis Co. Ltd., TRW Automotive Holdings, Hitachi Automotive System Ltd. And China Automotive Systems, Inc. among others.
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Source: EmailWire.Com 
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