Automotive Steering Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021

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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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Increasing Vehicle Production in Asia Pacific to Drive Global

Automotive Steering Systems Market

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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

Steering systems in automobiles are one of the direct areas of contact between the driver and

the vehicle. Steering systems are an important element of automobiles to maneuver the vehicle

to execute a turn or avoid obstacles. The market for automotive steering systems has been

driven primarily by the exponential growth of the automotive sector in the recent years.

Moreover, use of electro-hydraulic power steering and electronic power steering leads to added

fuel efficiency, which is aiding growth of the advanced automotive steering systems market

globally.

Browse The Market Research Report of Automotive Steering Systems

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

Furthermore, rapid growth of the automotive sector in emerging economies is driving demand for

automotive steering systems, which is contributing significantly to the growth of the overall

market. The demand for fuel-efficient and easily maneuverable vehicles is fueling demand for

advanced automotive steering systems in these regions.

Owing to the aforesaid reasons, the global automotive steering systems market stood at

US$24.55 billion in 2014 and will reach US$39.13 billion by 2021, displaying a 6.2% CAGR from

2015 to 2021.Huge capital investment required...