Automotive Steering Systems Market - Global Industry Analysis and Forecast 2015 – 2021

Transparency Market

Research

Automotive Steering Systems Market - Global Industry

Analysis, Size, Share, Growth, Trends and Forecast

2015 - 2021

Published Date

2015-07-31

81 Page Report

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Press Release

Automotive Steering Systems Market is expected to reach

USD 39.13 Billion in 2021

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Automotive Steering Systems

Market

REPORT DESCRIPTION

Automotive Steering Systems Market - Global Industry Analysis, Size, Share,

Growth, Trends and Forecast 2015 - 2021

According to a new market report published by Transparency Market Research “ Automotive

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

Forecast 2015 - 2021,” the automotive steering systems market was valued at USD 24.55

Billion in 2014, which is expected to reach USD 39.13 Billion by 2021, growing at a CAGR of 6.2%

from 2015 to 2021.

Exponential growth of the automobile sector in the recent years has positively supported the

growth of the automotive steering systems market globally. Moreover, the added fuel efficiency

derived from using Electronic Power Steering and Electro-Hydraulic Power Steering systems in

vehicles have mainly aided to the growth of advanced steering systems globally. The growth of

automotive sector in the emerging markets is also driving the market of automotive steering

systems.

Browse The Market Research Report of Automotive Steering Systems

Market : http://www.transparencymarketresearch.com/automotive-steering-systemsmarket.html

By types, passenger vehicle segment held the largest market share in the automotive steering

systems market in the year 2014 because of the high demand of passenger vehicle globally. With

rise in the vehicle financing market, more consumers are able to afford passenger vehicles...