Automotive Steering System Market
Global Automotive Steering System Market is valued approximately USD 31.15 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 5.61% over the forecast period 2019-2026. An automotive steering system is set of components used to control the direction of vehicle motion and help driver maneuver the vehicle as per the requirement. The hand-operated steering wheel, steering column, universal joints and rack & pinion mechanism contribute to the automotive steering system component. The development has led to change the steering system from manual steering to power assist steering system. Increasing adoption of automotive is one of the major factors responsible for high CAGR of the market. People are rapidly adopting vehicles due to surge in purchasing power which has augmented the demand for vehicles. Integration of advanced driver assistance systems in vehicles is the factor that offers growth opportunities. Also, growing inclination of consume...