Steering Shaft Market
Steering Shaft Market Analysis by Hydraulic Power Steering, Electronic Power Steering, and Electric Power Hydraulic Steering from 2023 to 2033
Analysis of Steering Shaft Market Covering 30+ Countries Including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Increased Production of Automotive and Long Term Contracts with OEMs to Drive the Market Growth
The global steering shaft market is set to surpass a valuation of US$ 5.7 Billion in 2023 and further expand at a CAGR of 3.3% to reach US$ 7.9 Billion by the end of 2033.
Sales of steering shaft accounted for around 20% of the overall global steering system market at the end of 2022.
| Report Attributes | Details |
|---|---|
| Steering Shaft Market Size (2022A) | US$ 5.4 Billion |
| Estimated Market Value (2023E) | US$ 5.7 Billion |
| Forecasted Market Value (2033F) | US$ 7.9 Billion |
| Global Market Growth Rate (2023 to 2033) | 3.3% CAGR |
| North America Market Share (2023) | ~ 14.4% |
| North America Market Value (US$ Million), 2023 | US$ 832.6 Million |
| Europe Market Share (%), 2023 | ~17.8% |
| Europe Market Value (US$ Million), 2023 | US$ 1 Billion |
| China Market Share (%), 2023 | ~30.6% |
| China Market Value (US$ Million) | US$ 1.7 Billion |
| Top 3 country Market Share (%) | ~52.3% |
| Key Companies Profiled | Changshu City Jinhua Machinery Co., Ltd; China Automotive Systems, Inc; Faw Koyo Steering Systems Co., Ltd.; Global Steering Systems; JTEKT Corporation; KLM Performance; Nexteer Automotive; NSK Ltd.; Pailton Engineering; Robert Bosch GmbH; Steering Shaft Factory; Zhejiang Shibao Co., Ltd. |
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Sales Analysis of Steering Shaft (2018 to 2022) Vs. Market Forecast Outlook (2023 to 2033)
During the historical period from 2018 to 2022, global sales of steering shafts restrained at -3.5% CAGR, with sales being valued at US$ 5.4 Billion by the end of historical period. The declining sales of steering shafts can be attributed to pandemic, changing consumer preferences, and shifts in the automotive industry towards alternative modes of transportation.
The steering shaft market has seen significant growth in recent years, driven by various factors such as technological advancements, increasing demand for vehicles, and the growing focus on safety features. Another key factor driving the steering shaft market is the rising demand for vehicles, especially in emerging economies such as China, India, and Brazil.
The developments in the steering shaft market are focused on meeting the changing needs of customers and the automotive industry. The market is expected to continue to evolve in response to new trends and technologies by OEMs, creating new opportunities for innovation and growth. It can be predicted that steering shaft market will have a market value of US$ 5.7 Billion in 2023.
The global market is expected to witness prominent growth with an absolute dollar opportunity accounting to US$ 2.5 Billion over the forecast period. Fact.MR estimates that the sales of the global steering shaft market will be 1.4X times by 2033 and exhibit growth at 3.3% CAGR between 2023 and 2033.
- Short Term (2023 Q1 to 2026): Growing automotive industry, with increasing production of vehicles globally, to positively influence the market growth.
- Medium Term (2026 to 2029): Focus on reducing vehicle weight and improving fuel efficiency, leading to the development of lightweight and high-strength steering shafts, to contribute the market growth in mid-term.
- Long Term (2029 to 2033): Rising demand for electric and hybrid vehicles, which require specialized steering systems and components, including steering shafts will improve the long-term market growth.
Market share analysis of steering shaft based on steering shaft style and region is illustrated briefly in the above image. Under the steering shaft style segment, the splined sub-segment will dominate with 64.6% market share in 2023.
What is Driving the Demand for Steering Shafts?
“Benefits of Safety Features of Steering Systems to Boost Sales”
Advanced steering systems are designed to offer greater precision and control, which can help to prevent accidents and improve safety. These systems often require specialized steering shafts that are capable of supporting these advanced features, which can drive the demand for steering shafts. In addition, modern vehicles are equipped with numerous safety sensors, including those related to steering. These sensors require high-quality and durable steering shafts that can withstand the demands of the sensor systems.
The adoption of active safety technologies, such as ABS (Antilock Breaking System), ESC (Electronic Stability Control), etc. are increasing in automotive vehicle for improved safety. The increasing implementation of these technologies will continue to positively influence the growth of the steering shaft market in the coming years.
“Advancements in Steering Technology Driving the Market Growth ”
As steering technology advances, new types of steering systems are being developed that require different types of steering shafts. For instance, electric power steering (EPS) systems require more complex and lightweight steering shafts to accommodate the electric motor and sensors, which are not needed in traditional hydraulic power steering systems.
Advanced steering systems are designed to offer greater precision and control, which puts higher demands on the steering shafts. As a result, the steering shafts need to be durable, lighter, and more responsive to meet the needs of these advanced systems. Hence manufacturers are investing heavily in research and development to produce new steering shafts, which is driving the market growth.
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What Concerns Should Steering Shaft Manufacturers Avert?
“High Costs of Lightweight Materials, a Stumbling Block”
The demand for lightweight components in the automotive industry is growing, as manufacturers seek to improve vehicle performance and fuel efficiency. However, materials such as carbon fiber and aluminum are more expensive than traditional materials such as steel or cast iron. The limited availability of these materials can be a significant constraint for manufacturers, who must balance the cost of materials with the need to produce high-quality, reliable components.
The manufacturing process for lightweight materials is often more complex, which could further increase production costs. In addition, designing lightweight components that are both durable and safe can be challenging and may require significant research and development.
Country-wise Insights
What are the Factors Driving Revenue Generation in China?
China is the world's largest automotive market, with a large and rapidly growing domestic auto industry. Chinese carmakers produced 27 million units in 2022, up by 3.4% year on year, as per the China Association of Automobile Manufacturers (CAAM).
Moreover, Chinese manufacturers of steering shafts have been increasing their exports to other countries in recent years. As the demand for these products increases globally, the Chinese steering shaft market is expected to grow even further.
With the Chinese government promoting the adoption of electric vehicles to reduce air pollution, the demand for steering shafts in the electric vehicle segment is also expected to rise. China is predicted to grow at a CAGR of close to 4.2% because of the aforementioned factors and reach a valuation of US$ 1.7 Billion by the end of the forecast period.
What Supports Increasing Steering Shaft Sales in the U.S.?
The U.S. is one of the largest markets for automobiles globally, with a high demand for cars, trucks, and other vehicles. In 2022, the U.S. automobile industry product an estimated 10 million vehicles, having 10% of the year-on-year growth rate.
The aftermarket sales segment in the U.S. is also a significant driver of the sales of steering shafts. Consumers often seek high-quality replacement parts for their vehicles, and the U.S. has a large and growing market for aftermarket automotive parts.
The U.S. government has implemented stringent fuel efficiency standards for vehicles, which is driving the development of advanced and efficient steering systems and components, including steering shafts. Due to these factors, the U.S. is expected to reach a valuation of US$ 741.9 Million by the end of the forecast period growing at a CAGR of 2.7%.
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Category-wise Insights
How will Passenger Vehicles Offer Lucrative Opportunities for Steering Shafts?
The demand for passenger vehicles is expected to increase significantly in the coming years, particularly in highly lucrative market such as China and India. Around 81.6 million vehicles were sold globally in 2022, down from around 82.7 million units in 2021. As the demand for passenger vehicles is increased from 56.4 million in 2021 to 57.4 million units in 2022, the demand for high-quality steering system components is also expected to rise over the forecast period.
In 2023, the demand of steering shafts for passenger vehicles is predicted to have a market share of 70.4% accounting for a market value of US$ 4 Billion, and is expected to have a huge demand in the future as well.
Why are Steel Steering Shafts Stimulating Heightened Demand?
Steel is a strong and durable material that offers high resistance to wear and tear, corrosion, and heat. These properties make steel steering shafts more reliable and long-lasting than other materials, such as aluminum. Additionally, stricter regulations and safety standards in the automotive industry have led to increased demand for high-quality steering components.
Steel steering shaft is predicted to have a market value of US$ 5.2 Billion in 2023 and is expected to capture nearly 90.7% of the demand in the steering shaft market.
Competitive Landscape
Prominent manufacturers of the steering shaft industry globally are Changshu City Jinhua Machinery Co., Ltd, China Automotive Systems, Inc., Faw Koyo Steering Systems Co., Ltd., Global Steering Systems, JTEKT Corporation, KLM Performance, Nexteer Automotive, NSK Ltd., Pailton Engineering, Robert Bosch GmbH, Steering Shaft Factory and Zhejiang Shibao Co., Ltd.
The increasing demand for electric and hybrid vehicles has led to a shift towards specialized steering systems and components, including steering shafts. Manufacturers are developing steering shafts that are designed specifically for electric and hybrid vehicles and can provide improved performance and durability.
For instance :
- In October 2021, Nexteer Automotive launched its new Modular Column-Assist EPS System (mCEPS) as an addition to its Electric Power Steering (EPS) portfolio. The innovative system offers an affordable, modular platform design that achieves scalability for Nexteer and flexibility to meet the requirements of a wide range of OEMs.
Fact.MR has provided detailed information about the price points of key manufacturers of steering shaft positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Steering Shaft Industry Research
-
By Steering Shaft Style:
- Splined
- Double D
- Smooth
-
By Mechanism:
- HPS -Hydraulic Power steering
- EPS- Electronic Power Steering
- EPHS - Electric Power Hydraulic Steering
-
By Material:
- Steel
- Polish Stainless Steel
- Stainless Steel
- Steel
- Aluminium
- Steel
-
By Sales Channel:
- OEM
- Aftermarket
-
By Vehicle Category:
- Passenger Vehicle
- Compact
- Mid-Size
- Luxury
- SUVs
- Commercial Vehicle
- LCV
- HCV
- Coaches & Buses
- Passenger Vehicle
-
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Demand (Units) Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Style
- 7.1. Splined
- 7.2. Double D
- 7.3. Smooth
- 8. Global Market Analysis and Forecast, By Mechanism
- 8.1. HPS - Hydraulic Power Steering
- 8.2. EPS - Electronic Power Steering
- 8.3. EPHS - Electric Power Hydraulic Steering
- 9. Global Market Analysis and Forecast, By Material
- 9.1. Steel
- 9.1.1. Polish Stainless Steel
- 9.1.2. Stainless Steel
- 9.1.3. Steel
- 9.2. Aluminum
- 9.1. Steel
- 10. Global Market Analysis and Forecast, By Sales Channel
- 10.1. OEM
- 10.2. Aftermarket
- 11. Global Market Analysis and Forecast, By Vehicle Category
- 11.1. Passenger Vehicle
- 11.1.1. Compact
- 11.1.2. Mid-Size
- 11.1.3. Luxury
- 11.1.4. SUVs
- 11.2. Commercial Vehicle
- 11.2.1. LCV
- 11.2.2. HCV
- 11.2.3. Coaches & Buses
- 11.1. Passenger Vehicle
- 12. Global Market Analysis and Forecast, By Region
- 12.1. North America
- 12.2. Latin America
- 12.3. Europe
- 12.4. East Asia
- 12.5. South Asia & Oceania
- 12.6. Middle East & Africa
- 13. North America Market Analysis and Forecast
- 14. Latin America Market Analysis and Forecast
- 15. Europe Market Analysis and Forecast
- 16. East Asia Market Analysis and Forecast
- 17. South Asia & Oceania Market Analysis and Forecast
- 18. Middle East & Africa Market Analysis and Forecast
- 19. Country-level Market Analysis and Forecast
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Changshu City Jinhua Machinery Co., Ltd
- 21.2. China Automotive Systems, Inc
- 21.3. Faw Koyo Steering Systems Co., Ltd.
- 21.4. Global Steering Systems
- 21.5. JTEKT Corporation
- 21.6. KLM Performance
- 21.7. Nexteer Automotive
- 21.8. NSK Ltd.
- 21.9. Pailton Engineering
- 21.10. Robert Bosch GmbH
- 21.11. Factory
- 21.12. Zhejiang Shibao Co., Ltd.
- 22. Assumptions & Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01. Global Market Value (US$ million) and Forecast by Region, 2018 to 2022
Table 02. Global Market Value (US$ million) and Forecast by Region, 2023 to 2033
Table 03. Global Market Volume (Units) and Forecast by Region, 2018 to 2022
Table 04. Global Market Volume (Units) and Forecast by Region, 2023 to 2033
Table 05. Global Market Value (US$ million) and Forecast By Style, 2018 to 2022
Table 06. Global Market Value (US$ million) and Forecast By Style, 2023 to 2033
Table 07. Global Market Volume (Units) and Forecast By Style, 2018 to 2022
Table 08. Global Market Volume (Units) and Forecast By Style, 2023 to 2033
Table 09. Global Market Value (US$ million) and Forecast By Mechanism, 2018 to 2022
Table 10. Global Market Value (US$ million) and Forecast By Mechanism, 2023 to 2033
Table 11. Global Market Volume (Units) and Forecast By Mechanism, 2018 to 2022
Table 12. Global Market Volume (Units) and Forecast By Mechanism, 2023 to 2033
Table 13. Global Market Value (US$ million) and Forecast By Material, 2018 to 2022
Table 14. Global Market Value (US$ million) and Forecast By Material, 2023 to 2033
Table 15. Global Market Volume (Units) and Forecast By Material, 2018 to 2022
Table 16. Global Market Volume (Units) and Forecast By Material, 2023 to 2033
Table 17. Global Market Value (US$ million) and Forecast By Sales Channel, 2018 to 2022
Table 18. Global Market Value (US$ million) and Forecast By Sales Channel, 2023 to 2033
Table 19. Global Market Volume (Units) and Forecast By Sales Channel, 2018 to 2022
Table 20. Global Market Volume (Units) and Forecast By Sales Channel, 2023 to 2033
Table 21. Global Market Value (US$ million) and Forecast By Vehicle Category, 2018 to 2022
Table 22. Global Market Value (US$ million) and Forecast By Vehicle Category, 2023 to 2033
Table 23. Global Market Volume (Units) and Forecast By Vehicle Category, 2018 to 2022
Table 24. Global Market Volume (Units) and Forecast By Vehicle Category, 2023 to 2033
Table 25. North America Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 26. North America Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 27. North America Market Volume (Units) and Forecast by Country, 2018 to 2022
Table 28. North America Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 29. North America Market Value (US$ million) and Forecast By Style, 2018 to 2022
Table 30. North America Market Value (US$ million) and Forecast By Style, 2023 to 2033
Table 31. North America Market Volume (Units) and Forecast By Style, 2018 to 2022
Table 32. North America Market Volume (Units) and Forecast By Style, 2023 to 2033
Table 33. North America Market Value (US$ million) and Forecast By Mechanism, 2018 to 2022
Table 34. North America Market Value (US$ million) and Forecast By Mechanism, 2023 to 2033
Table 35. North America Market Volume (Units) and Forecast By Mechanism, 2018 to 2022
Table 36. North America Market Volume (Units) and Forecast By Mechanism, 2023 to 2033
Table 37. North America Market Value (US$ million) and Forecast By Material, 2018 to 2022
Table 38. North America Market Value (US$ million) and Forecast By Material, 2023 to 2033
Table 39. North America Market Volume (Units) and Forecast By Material, 2018 to 2022
Table 40. North America Market Volume (Units) and Forecast By Material, 2023 to 2033
Table 41. North America Market Value (US$ million) and Forecast By Sales Channel, 2018 to 2022
Table 42. North America Market Value (US$ million) and Forecast By Sales Channel, 2023 to 2033
Table 43. North America Market Volume (Units) and Forecast By Sales Channel, 2018 to 2022
Table 44. North America Market Volume (Units) and Forecast By Sales Channel, 2023 to 2033
Table 45. North America Market Value (US$ million) and Forecast By Vehicle Category, 2018 to 2022
Table 46. North America Market Value (US$ million) and Forecast By Vehicle Category, 2023 to 2033
Table 47. North America Market Volume (Units) and Forecast By Vehicle Category, 2018 to 2022
Table 48. North America Market Volume (Units) and Forecast By Vehicle Category, 2023 to 2033
Table 49. Latin America Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 50. Latin America Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 51. Latin America Market Volume (Units) and Forecast by Country, 2018 to 2022
Table 52. Latin America Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 53. Latin America Market Value (US$ million) and Forecast By Style, 2018 to 2022
Table 54. Latin America Market Value (US$ million) and Forecast By Style, 2023 to 2033
Table 55. Latin America Market Volume (Units) and Forecast By Style, 2018 to 2022
Table 56. Latin America Market Volume (Units) and Forecast By Style, 2023 to 2033
Table 57. Latin America Market Value (US$ million) and Forecast By Mechanism, 2018 to 2022
Table 58. Latin America Market Value (US$ million) and Forecast By Mechanism, 2023 to 2033
Table 59. Latin America Market Volume (Units) and Forecast By Mechanism, 2018 to 2022
Table 60. Latin America Market Volume (Units) and Forecast By Mechanism, 2023 to 2033
Table 61. Latin America Market Value (US$ million) and Forecast By Material, 2018 to 2022
Table 62. Latin America Market Value (US$ million) and Forecast By Material, 2023 to 2033
Table 63. Latin America Market Volume (Units) and Forecast By Material, 2018 to 2022
Table 64. Latin America Market Volume (Units) and Forecast By Material, 2023 to 2033
Table 65. Latin America Market Value (US$ million) and Forecast By Sales Channel, 2018 to 2022
Table 66. Latin America Market Value (US$ million) and Forecast By Sales Channel, 2023 to 2033
Table 67. Latin America Market Volume (Units) and Forecast By Sales Channel, 2018 to 2022
Table 68. Latin America Market Volume (Units) and Forecast By Sales Channel, 2023 to 2033
Table 69. Latin America Market Value (US$ million) and Forecast By Vehicle Category, 2018 to 2022
Table 70. Latin America Market Value (US$ million) and Forecast By Vehicle Category, 2023 to 2033
Table 71. Latin America Market Volume (Units) and Forecast By Vehicle Category, 2018 to 2022
Table 72. Latin America Market Volume (Units) and Forecast By Vehicle Category, 2023 to 2033
Table 73. Europe Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 74. Europe Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 75. Europe Market Volume (Units) and Forecast by Country, 2018 to 2022
Table 76. Europe Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 77. Europe Market Value (US$ million) and Forecast By Style, 2018 to 2022
Table 78. Europe Market Value (US$ million) and Forecast By Style, 2023 to 2033
Table 79. Europe Market Volume (Units) and Forecast By Style, 2018 to 2022
Table 80. Europe Market Volume (Units) and Forecast By Style, 2023 to 2033
Table 81. Europe Market Value (US$ million) and Forecast By Mechanism, 2018 to 2022
Table 82. Europe Market Value (US$ million) and Forecast By Mechanism, 2023 to 2033
Table 83. Europe Market Volume (Units) and Forecast By Mechanism, 2018 to 2022
Table 84. Europe Market Volume (Units) and Forecast By Mechanism, 2023 to 2033
Table 85. Europe Market Value (US$ million) and Forecast By Material, 2018 to 2022
Table 86. Europe Market Value (US$ million) and Forecast By Material, 2023 to 2033
Table 87. Europe Market Volume (Units) and Forecast By Material, 2018 to 2022
Table 88. Europe Market Volume (Units) and Forecast By Material, 2023 to 2033
Table 89. Europe Market Value (US$ million) and Forecast By Sales Channel, 2018 to 2022
Table 90. Europe Market Value (US$ million) and Forecast By Sales Channel, 2023 to 2033
Table 91. Europe Market Volume (Units) and Forecast By Sales Channel, 2018 to 2022
Table 92. Europe Market Volume (Units) and Forecast By Sales Channel, 2023 to 2033
Table 93. Europe Market Value (US$ million) and Forecast By Vehicle Category, 2018 to 2022
Table 94. Europe Market Value (US$ million) and Forecast By Vehicle Category, 2023 to 2033
Table 95. Europe Market Volume (Units) and Forecast By Vehicle Category, 2018 to 2022
Table 96. Europe Market Volume (Units) and Forecast By Vehicle Category, 2023 to 2033
Table 97. East Asia Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 98. East Asia Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 99. East Asia Market Volume (Units) and Forecast by Country, 2018 to 2022
Table 100. East Asia Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 101. East Asia Market Value (US$ million) and Forecast By Style, 2018 to 2022
Table 102. East Asia Market Value (US$ million) and Forecast By Style, 2023 to 2033
Table 103. East Asia Market Volume (Units) and Forecast By Style, 2018 to 2022
Table 104. East Asia Market Volume (Units) and Forecast By Style, 2023 to 2033
Table 105. East Asia Market Value (US$ million) and Forecast By Mechanism, 2018 to 2022
Table 106. East Asia Market Value (US$ million) and Forecast By Mechanism, 2023 to 2033
Table 107. East Asia Market Volume (Units) and Forecast By Mechanism, 2018 to 2022
Table 108. East Asia Market Volume (Units) and Forecast By Mechanism, 2023 to 2033
Table 109. East Asia Market Value (US$ million) and Forecast By Material, 2018 to 2022
Table 110. East Asia Market Value (US$ million) and Forecast By Material, 2023 to 2033
Table 111. East Asia Market Volume (Units) and Forecast By Material, 2018 to 2022
Table 112. East Asia Market Volume (Units) and Forecast By Material, 2023 to 2033
Table 113. East Asia Market Value (US$ million) and Forecast By Sales Channel, 2018 to 2022
Table 114. East Asia Market Value (US$ million) and Forecast By Sales Channel, 2023 to 2033
Table 115. East Asia Market Volume (Units) and Forecast By Sales Channel, 2018 to 2022
Table 116. East Asia Market Volume (Units) and Forecast By Sales Channel, 2023 to 2033
Table 117. East Asia Market Value (US$ million) and Forecast By Vehicle Category, 2018 to 2022
Table 118. East Asia Market Value (US$ million) and Forecast By Vehicle Category, 2023 to 2033
Table 119. East Asia Market Volume (Units) and Forecast By Vehicle Category, 2018 to 2022
Table 120. East Asia Market Volume (Units) and Forecast By Vehicle Category, 2023 to 2033
Table 121. South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 122. South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 123. South Asia & Oceania Market Volume (Units) and Forecast by Country, 2018 to 2022
Table 124. South Asia & Oceania Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 125. South Asia & Oceania Market Value (US$ million) and Forecast By Style, 2018 to 2022
Table 126. South Asia & Oceania Market Value (US$ million) and Forecast By Style, 2023 to 2033
Table 127. South Asia & Oceania Market Volume (Units) and Forecast By Style, 2018 to 2022
Table 128. South Asia & Oceania Market Volume (Units) and Forecast By Style, 2023 to 2033
Table 129. South Asia & Oceania Market Value (US$ million) and Forecast By Mechanism, 2018 to 2022
Table 130. South Asia & Oceania Market Value (US$ million) and Forecast By Mechanism, 2023 to 2033
Table 131. South Asia & Oceania Market Volume (Units) and Forecast By Mechanism, 2018 to 2022
Table 132. South Asia & Oceania Market Volume (Units) and Forecast By Mechanism, 2023 to 2033
Table 133. South Asia & Oceania Market Value (US$ million) and Forecast By Material, 2018 to 2022
Table 134. South Asia & Oceania Market Value (US$ million) and Forecast By Material, 2023 to 2033
Table 135. South Asia & Oceania Market Volume (Units) and Forecast By Material, 2018 to 2022
Table 136. South Asia & Oceania Market Volume (Units) and Forecast By Material, 2023 to 2033
Table 137. South Asia & Oceania Market Value (US$ million) and Forecast By Sales Channel, 2018 to 2022
Table 138. South Asia & Oceania Market Value (US$ million) and Forecast By Sales Channel, 2023 to 2033
Table 139. South Asia & Oceania Market Volume (Units) and Forecast By Sales Channel, 2018 to 2022
Table 140. South Asia & Oceania Market Volume (Units) and Forecast By Sales Channel, 2023 to 2033
Table 141. South Asia & Oceania Market Value (US$ million) and Forecast By Vehicle Category, 2018 to 2022
Table 142. South Asia & Oceania Market Value (US$ million) and Forecast By Vehicle Category, 2023 to 2033
Table 143. South Asia & Oceania Market Volume (Units) and Forecast By Vehicle Category, 2018 to 2022
Table 144. South Asia & Oceania Market Volume (Units) and Forecast By Vehicle Category, 2023 to 2033
Table 145. MEA Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 146. MEA Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 147. MEA Market Volume (Units) and Forecast by Country, 2018 to 2022
Table 148. MEA Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 149. MEA Market Value (US$ million) and Forecast By Style, 2018 to 2022
Table 150. MEA Market Value (US$ million) and Forecast By Style, 2023 to 2033
Table 151. MEA Market Volume (Units) and Forecast By Style, 2018 to 2022
Table 152. MEA Market Volume (Units) and Forecast By Style, 2023 to 2033
Table 153. MEA Market Value (US$ million) and Forecast By Mechanism, 2018 to 2022
Table 154. MEA Market Value (US$ million) and Forecast By Mechanism, 2023 to 2033
Table 155. MEA Market Volume (Units) and Forecast By Mechanism, 2018 to 2022
Table 156. MEA Market Volume (Units) and Forecast By Mechanism, 2023 to 2033
Table 157. MEA Market Value (US$ million) and Forecast By Material, 2018 to 2022
Table 158. MEA Market Value (US$ million) and Forecast By Material, 2023 to 2033
Table 159. MEA Market Volume (Units) and Forecast By Material, 2018 to 2022
Table 160. MEA Market Volume (Units) and Forecast By Material, 2023 to 2033
Table 161. MEA Market Value (US$ million) and Forecast By Sales Channel, 2018 to 2022
Table 162. MEA Market Value (US$ million) and Forecast By Sales Channel, 2023 to 2033
Table 163. MEA Market Volume (Units) and Forecast By Sales Channel, 2018 to 2022
Table 164. MEA Market Volume (Units) and Forecast By Sales Channel, 2023 to 2033
Table 165. MEA Market Value (US$ million) and Forecast By Vehicle Category, 2018 to 2022
Table 166. MEA Market Value (US$ million) and Forecast By Vehicle Category, 2023 to 2033
Table 167. MEA Market Volume (Units) and Forecast By Vehicle Category, 2018 to 2022
Table 168. MEA Market Volume (Units) and Forecast By Vehicle Category, 2023 to 2033
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List Of Figures
Figure 01. Global Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 02. Global Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 03. Global Market Value (US$ million) and Volume (Units) by Region, 2023 & 2033
Figure 04. Global Market Y-o-Y Growth Rate by Region, 2023 to 2033
Figure 05. Global Market Value (US$ million) and Volume (Units) By Style, 2023 & 2033
Figure 06. Global Market Y-o-Y Growth Rate By Style, 2023 to 2033
Figure 07. Global Market Value (US$ million) and Volume (Units) By Mechanism, 2023 & 2033
Figure 08. Global Market Y-o-Y Growth Rate By Mechanism, 2023 to 2033
Figure 09. Global Market Value (US$ million) and Volume (Units) By Material, 2023 & 2033
Figure 10. Global Market Y-o-Y Growth Rate By Material, 2023 to 2033
Figure 11. Global Market Value (US$ million) and Volume (Units) By Sales Channel, 2023 & 2033
Figure 12. Global Market Y-o-Y Growth Rate By Sales Channel, 2023 to 2033
Figure 13. Global Market Value (US$ million) and Volume (Units) By Vehicle Category, 2023 & 2033
Figure 14. Global Market Y-o-Y Growth Rate By Vehicle Category, 2023 to 2033
Figure 15. North America Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 16. North America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 17. North America Market Value (US$ million) and Volume (Units) by Country, 2023 & 2033
Figure 18. North America Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 19. North America Market Value (US$ million) and Volume (Units) By Style, 2023 & 2033
Figure 20. North America Market Y-o-Y Growth Rate By Style, 2023 to 2033
Figure 21. North America Market Value (US$ million) and Volume (Units) By Mechanism, 2023 & 2033
Figure 22. North America Market Y-o-Y Growth Rate By Mechanism, 2023 to 2033
Figure 23. North America Market Value (US$ million) and Volume (Units) By Material, 2023 & 2033
Figure 24. North America Market Y-o-Y Growth Rate By Material, 2023 to 2033
Figure 25. North America Market Value (US$ million) and Volume (Units) By Sales Channel, 2023 & 2033
Figure 26. North America Market Y-o-Y Growth Rate By Sales Channel, 2023 to 2033
Figure 27. North America Market Value (US$ million) and Volume (Units) By Vehicle Category, 2023 & 2033
Figure 28. North America Market Y-o-Y Growth Rate By Vehicle Category, 2023 to 2033
Figure 29. North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 30. North America Market Attractiveness Analysis By Style, 2023 to 2033
Figure 31. North America Market Attractiveness Analysis By Mechanism, 2023 to 2033
Figure 32. North America Market Attractiveness Analysis By Material, 2023 to 2033
Figure 33. North America Market Attractiveness Analysis By Sales Channel, 2023 to 2033
Figure 34. North America Market Attractiveness Analysis By Vehicle Category, 2023 to 2033
Figure 35. Latin America Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 36. Latin America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 37. Latin America Market Value (US$ million) and Volume (Units) by Country, 2023 & 2033
Figure 38. Latin America Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 39. Latin America Market Value (US$ million) and Volume (Units) By Style, 2023 & 2033
Figure 40. Latin America Market Y-o-Y Growth Rate By Style, 2023 to 2033
Figure 41. Latin America Market Value (US$ million) and Volume (Units) By Mechanism, 2023 & 2033
Figure 42. Latin America Market Y-o-Y Growth Rate By Mechanism, 2023 to 2033
Figure 43. Latin America Market Value (US$ million) and Volume (Units) By Material, 2023 & 2033
Figure 44. Latin America Market Y-o-Y Growth Rate By Material, 2023 to 2033
Figure 45. Latin America Market Value (US$ million) and Volume (Units) By Sales Channel, 2023 & 2033
Figure 46. Latin America Market Y-o-Y Growth Rate By Sales Channel, 2023 to 2033
Figure 47. Latin America Market Value (US$ million) and Volume (Units) By Vehicle Category, 2023 & 2033
Figure 48. Latin America Market Y-o-Y Growth Rate By Vehicle Category, 2023 to 2033
Figure 49. Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 50. Latin America Market Attractiveness Analysis By Style, 2023 to 2033
Figure 51. Latin America Market Attractiveness Analysis By Mechanism, 2023 to 2033
Figure 52. Latin America Market Attractiveness Analysis By Material, 2023 to 2033
Figure 53. Latin America Market Attractiveness Analysis By Sales Channel, 2023 to 2033
Figure 54. Latin America Market Attractiveness Analysis By Vehicle Category, 2023 to 2033
Figure 55. Europe Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 56. Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 57. Europe Market Value (US$ million) and Volume (Units) by Country, 2023 & 2033
Figure 58. Europe Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 59. Europe Market Value (US$ million) and Volume (Units) By Style, 2023 & 2033
Figure 60. Europe Market Y-o-Y Growth Rate By Style, 2023 to 2033
Figure 61. Europe Market Value (US$ million) and Volume (Units) By Mechanism, 2023 & 2033
Figure 62. Europe Market Y-o-Y Growth Rate By Mechanism, 2023 to 2033
Figure 63. Europe Market Value (US$ million) and Volume (Units) By Material, 2023 & 2033
Figure 64. Europe Market Y-o-Y Growth Rate By Material, 2023 to 2033
Figure 65. Europe Market Value (US$ million) and Volume (Units) By Sales Channel, 2023 & 2033
Figure 66. Europe Market Y-o-Y Growth Rate By Sales Channel, 2023 to 2033
Figure 67. Europe Market Value (US$ million) and Volume (Units) By Vehicle Category, 2023 & 2033
Figure 68. Europe Market Y-o-Y Growth Rate By Vehicle Category, 2023 to 2033
Figure 69. Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 70. Europe Market Attractiveness Analysis By Style, 2023 to 2033
Figure 71. Europe Market Attractiveness Analysis By Mechanism, 2023 to 2033
Figure 72. Europe Market Attractiveness Analysis By Material, 2023 to 2033
Figure 73. Europe Market Attractiveness Analysis By Sales Channel, 2023 to 2033
Figure 74. Europe Market Attractiveness Analysis By Vehicle Category, 2023 to 2033
Figure 75. East Asia Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 76. East Asia Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 77. East Asia Market Value (US$ million) and Volume (Units) by Country, 2023 & 2033
Figure 78. East Asia Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 79. East Asia Market Value (US$ million) and Volume (Units) By Style, 2023 & 2033
Figure 80. East Asia Market Y-o-Y Growth Rate By Style, 2023 to 2033
Figure 81. East Asia Market Value (US$ million) and Volume (Units) By Mechanism, 2023 & 2033
Figure 82. East Asia Market Y-o-Y Growth Rate By Mechanism, 2023 to 2033
Figure 83. East Asia Market Value (US$ million) and Volume (Units) By Material, 2023 & 2033
Figure 84. East Asia Market Y-o-Y Growth Rate By Material, 2023 to 2033
Figure 85. East Asia Market Value (US$ million) and Volume (Units) By Sales Channel, 2023 & 2033
Figure 86. East Asia Market Y-o-Y Growth Rate By Sales Channel, 2023 to 2033
Figure 87. East Asia Market Value (US$ million) and Volume (Units) By Vehicle Category, 2023 & 2033
Figure 88. East Asia Market Y-o-Y Growth Rate By Vehicle Category, 2023 to 2033
Figure 89. East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 90. East Asia Market Attractiveness Analysis By Style, 2023 to 2033
Figure 91. East Asia Market Attractiveness Analysis By Mechanism, 2023 to 2033
Figure 92. East Asia Market Attractiveness Analysis By Material, 2023 to 2033
Figure 93. East Asia Market Attractiveness Analysis By Sales Channel, 2023 to 2033
Figure 94. East Asia Market Attractiveness Analysis By Vehicle Category, 2023 to 2033
Figure 95. South Asia & Oceania Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 96. South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 97. South Asia & Oceania Market Value (US$ million) and Volume (Units) by Country, 2023 & 2033
Figure 98. South Asia & Oceania Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 99. South Asia & Oceania Market Value (US$ million) and Volume (Units) By Style, 2023 & 2033
Figure 100. South Asia & Oceania Market Y-o-Y Growth Rate By Style, 2023 to 2033
Figure 101. South Asia & Oceania Market Value (US$ million) and Volume (Units) By Mechanism, 2023 & 2033
Figure 102. South Asia & Oceania Market Y-o-Y Growth Rate By Mechanism, 2023 to 2033
Figure 103. South Asia & Oceania Market Value (US$ million) and Volume (Units) By Material, 2023 & 2033
Figure 104. South Asia & Oceania Market Y-o-Y Growth Rate By Material, 2023 to 2033
Figure 105. South Asia & Oceania Market Value (US$ million) and Volume (Units) By Sales Channel, 2023 & 2033
Figure 106. South Asia & Oceania Market Y-o-Y Growth Rate By Sales Channel, 2023 to 2033
Figure 107. South Asia & Oceania Market Value (US$ million) and Volume (Units) By Vehicle Category, 2023 & 2033
Figure 108. South Asia & Oceania Market Y-o-Y Growth Rate By Vehicle Category, 2023 to 2033
Figure 109. South Asia & Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 110. South Asia & Oceania Market Attractiveness Analysis By Style, 2023 to 2033
Figure 111. South Asia & Oceania Market Attractiveness Analysis By Mechanism, 2023 to 2033
Figure 112. South Asia & Oceania Market Attractiveness Analysis By Material, 2023 to 2033
Figure 113. South Asia & Oceania Market Attractiveness Analysis By Sales Channel, 2023 to 2033
Figure 114. South Asia & Oceania Market Attractiveness Analysis By Vehicle Category, 2023 to 2033
Figure 115. MEA Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 116. MEA Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 117. MEA Market Value (US$ million) and Volume (Units) by Country, 2023 & 2033
Figure 118. MEA Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 119. MEA Market Value (US$ million) and Volume (Units) By Style, 2023 & 2033
Figure 120. MEA Market Y-o-Y Growth Rate By Style, 2023 to 2033
Figure 121. MEA Market Value (US$ million) and Volume (Units) By Mechanism, 2023 & 2033
Figure 122. MEA Market Y-o-Y Growth Rate By Mechanism, 2023 to 2033
Figure 123. MEA Market Value (US$ million) and Volume (Units) By Material, 2023 & 2033
Figure 124. MEA Market Y-o-Y Growth Rate By Material, 2023 to 2033
Figure 125. MEA Market Value (US$ million) and Volume (Units) By Sales Channel, 2023 & 2033
Figure 126. MEA Market Y-o-Y Growth Rate By Sales Channel, 2023 to 2033
Figure 127. MEA Market Value (US$ million) and Volume (Units) By Vehicle Category, 2023 & 2033
Figure 128. MEA Market Y-o-Y Growth Rate By Vehicle Category, 2023 to 2033
Figure 129. MEA Market Attractiveness Analysis by Country, 2023 to 2033
Figure 130. MEA Market Attractiveness Analysis By Style, 2023 to 2033
Figure 131. MEA Market Attractiveness Analysis By Mechanism, 2023 to 2033
Figure 132. MEA Market Attractiveness Analysis By Material, 2023 to 2033
Figure 133. MEA Market Attractiveness Analysis By Sales Channel, 2023 to 2033
Figure 134. MEA Market Attractiveness Analysis By Vehicle Category, 2023 to 2033
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- FAQs -
What would be the global steering shaft market size in 2023?
The global steering shaft market will be valued at US$ 5.7 Billion in 2023.
How far is the global demand expected to reach over the forecasted period?
Worldwide demand for steering shaft is anticipated to reach US$ 7.9 Billion by 2033-end.
What was the last 5 year’s market CAGR?
During 2018-2022, sales of steering shaft declined at -3.5% CAGR.
Which country is estimated to have the highest market value for steering shaft market in 2023?
China is estimated to have the highest market value of US$ 1.7 Billion in 2023.
What will be the market share of Japan in 2023 for steering shaft market?
Japan is estimated to hold an 8.8% share of global steering shaft market in 2023.
Which mechanism of steering shaft will hold the highest market share in 2023?
EPS- Electronic Power Steering is predicted to account for 90.6% share of global sales in 2023.
How much market share will OEM sales capture in 2023?
OEM sales of steering shaft is expected to hold a market share of around 93.1% in 2023.
Steering Shaft Market