Automotive : Steering Systems 2021

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Transparency Market

Research

Increasing Vehicle Production in Asia Pacific to Drive

Global Automotive Steering Systems Market

Published Date

2015-07-31

81 Page Report

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Report

Automotive Steering Systems Market 2021

Transparency Market Research

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Automotive Steering Systems

Market

REPORT DESCRIPTION

This research study analyzes the Automotive Steering Systems Market on a global level and

provides estimates in terms of revenue (USD) from 2015 to 2021. It gives a comprehensive

overview of the automotive Steering Systems industry from all the important aspects of the

market. It recognizes the drivers and restraints affecting the industry and analyzes their impact

over the forecast period. Moreover, it identifies the significant opportunities for market growth in

the coming years.

Transparency Market Research report states that the automotive steering systems market stood

at US$24.5 bn in 2014 and is predicted to reach US$39.1 billion by 2021. It is expected to expand

at a CAGR of 6.20% between 2015 and 2021. The title of the report is “Automotive Steering

Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast

2015 – 2021”.

The automotive steering systems market is majorly fuelled by the increasing demand for

automobiles from developing economies and the rising demand for fuel-efficient vehicles,

particularly in developed economies. The rise in demand due to increasing flexibility of vehicles

has also increased the number of manufacturers of automotive steering systems all around the

world.

On the basis of vehicle type, the automotive steering systems market is segmented into light

commercial vehicles (LCV), heavy commercial vehicles (HCV), and passenger vehicles. Amongst

these, the segment of passenger vehicles is...