Automotive Steering System Gears are an essential part of a vehicle’s steering systems. These gears are responsible for transmitting the motion from the steering wheel to the wheels of the vehicle. The steering system gears convert the rotary motion of the steering wheel into linear motion, which helps in turning the wheels of the vehicle. There are several types of steering system gears used in automotive applications. The most common types include worm gears, sector gears, and rack and pinion gears.

Automotive steering system gears have a wide range of applications across various types of vehicles, from small cars to heavy-duty trucks and buses. Rapid growth of Automotive Steering System Gears has been driven by increasing demand for vehicles. This has led to increased demand for automotive steering system gears, as more vehicles require these components for safe and reliable steering has facilitated the growth for Automotive Steering System Gears Market over the forecast period.

The report “Automotive Steering System Gears Market, By Type (Hydraulic Power Steering and Electric Power Steering), By Application (Passenger Car and Commercial Vehicle), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

Analyst View:

Automotive Steering System Gears Market is expected to continue growing as the automotive industry evolves and expands in future. The production of vehicles is expected to continue growing more in emerging markets where demand for cars is rapidly increasing. This growth will lead to an increase in demand for automotive steering system gears. The increasing adoption of electric and autonomous vehicles is expected to drive demand for steering system gears that are specifically designed for these types of vehicles. Technological advancements in steering system gears are expected to continue, leading to the development of more efficient and advanced components that can improve vehicle performance and fuel efficiency for Automotive Steering System Gears Market in coming years.

Browse 80 market data tables* and 55 figures* through 160 slides and in-depth TOC on “Automotive Steering System Gears Market, By Type (Hydraulic Power Steering and Electric Power Steering), By Application (Passenger Car and Commercial Vehicle), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

Key Market Insights from the report:

Automotive Steering System Gears Market accounted for US$ 23.96 Billion in 2024 and is estimated to be US$ 41.9 Billion by 2034 and is anticipated to register a CAGR of 5.80%. Automotive Steering System Gears Market is segmented based on Type, Application and Region.

• Based on Type, Automotive Steering System Gears Market is segmented into Hydraulic Power Steering and Electric Power Steering.
• Based on Application, Automotive Steering System Gears Market is segmented into Passenger Car and Commercial Vehicle.
• By Region, the Automotive Steering System Gears Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Competitive Landscape & their strategies of Automotive Steering System Gears Market:

The prominent players operating in the Automotive Steering System Gears Market includes, L. Smith Transmissions Ltd. , Robert Bosch GmbH, ACDelco, Denso Corporation, Cloyes, Motorcraft, ZF Friedrichshafen AG, Cardone, Power Steering Inc., TRW Automotive Holdings Corp and others.

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