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Japan Automotive Steering System Market Report by Type (Electric Power Steering (EPS), Hydraulic Power Steering (HPS), Electro-Hydraulic Power Steering (EHPS), Manual Steering), Component (Steering Column, Steering Wheel Speed Sensors, Electric Motors, Hydraulic Pumps, and Others), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A18040
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Market Overview:
Japan automotive steering system market size is projected to exhibit a growth rate (CAGR) of 6.18% during 2024-2032. The rapid advancements in technology, such as steer-by-wire and drive-by-wire systems, which have led to more precise and responsive steering systems to improve the overall driving experience and safety, are primarily augmenting the market.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023 |
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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| Market Growth Rate (2024-2032) | 6.18% |
The automotive steering system is a critical component in a vehicle that enables the driver to control the direction of the vehicle. It allows the driver to steer the vehicle, making it move in the desired direction, whether it's turning a corner, staying in a lane, or making subtle adjustments to maintain a straight course. Most modern vehicles use power steering systems, which assist the driver in turning the steering wheel with ease. These systems can be hydraulic or electric, providing varying levels of assistance based on driving conditions and speed. Hydraulic power steering uses a pump to assist with steering effort, while electric power steering relies on sensors and motors to provide assistance. The steering system includes components like the steering wheel, steering column, tie rods, and steering gear mechanism. Proper maintenance and alignment of these components are crucial for safe and precise vehicle handling. Advancements like electronic power steering and autonomous driving technology are shaping the future of automotive steering, improving safety, efficiency, and driver comfort.
Japan Automotive Steering System Market Trends:
The automotive steering system market in Japan is witnessing significant growth, driven primarily by several key factors. Firstly, the increasing demand for passenger and commercial vehicles has propelled the need for advanced and efficient steering systems. Additionally, stringent government regulations mandating the incorporation of safety features in vehicles have spurred the adoption of electronic power steering (EPS) systems, further boosting market growth. Moreover, the rising consumer preference for comfort and ease of handling has led to a surge in demand for EPS and steer-by-wire technologies. Furthermore, the rapid advancements in autonomous driving technologies have created a compelling market driver, as these systems require highly responsive and sophisticated steering systems to ensure safe and reliable vehicle control. Apart from this, the shift toward electric and hybrid vehicles has significantly impacted the steering system market, as these vehicles often rely on electric power steering for improved efficiency. Lastly, the increasing awareness of environmental sustainability and fuel efficiency, which has led to a preference for lightweight and energy-efficient steering systems, is expected to drive the automotive steering system market in Japan during the forecast period.
Japan Automotive Steering System Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on type, component, and vehicle type.
Type Insights:
- Electric Power Steering (EPS)
- Hydraulic Power Steering (HPS)
- Electro-Hydraulic Power Steering (EHPS)
- Manual Steering
The report has provided a detailed breakup and analysis of the market based on the type. This includes electric power steering (EPS), hydraulic power steering (HPS), electro-hydraulic power steering (EHPS), and manual steering.
Component Insights:
- Steering Column
- Steering Wheel Speed Sensors
- Electric Motors
- Hydraulic Pumps
- Others
A detailed breakup and analysis of the market based on the component have also been provided in the report. This includes steering column, steering wheel speed sensors, electric motors, hydraulic pumps, and others.
Vehicle Type Insights:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
The report has provided a detailed breakup and analysis of the market based on the vehicle type. This includes passenger cars, light commercial vehicles, and heavy commercial vehicles.
Regional Insights:
- Kanto Region
- Kansai/Kinki Region
- Central/ Chubu Region
- Kyushu-Okinawa Region
- Tohoku Region
- Chugoku Region
- Hokkaido Region
- Shikoku Region
The report has also provided a comprehensive analysis of all the major regional markets, which include Kanto Region, Kansai/Kinki Region, Central/ Chubu Region, Kyushu-Okinawa Region, Tohoku Region, Chugoku Region, Hokkaido Region, and Shikoku Region.
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Japan Automotive Steering System Market Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Million |
| Scope of the Report | Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
|
| Types Covered | Electric Power Steering (EPS), Hydraulic Power Steering (HPS), Electro-Hydraulic Power Steering (EHPS), Manual Steering |
| Components Covered | Steering Column, Steering Wheel Speed Sensors, Electric Motors, Hydraulic Pumps, Others |
| Vehicle Types Covered | Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles |
| Regions Covered | Kanto Region, Kansai/Kinki Region, Central/ Chubu Region, Kyushu-Okinawa Region, Tohoku Region, Chugoku Region, Hokkaido Region, Shikoku Region |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the Japan automotive steering system market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Japan automotive steering system market?
- What is the breakup of the Japan automotive steering system market on the basis of type?
- What is the breakup of the Japan automotive steering system market on the basis of component?
- What is the breakup of the Japan automotive steering system market on the basis of vehicle type?
- What are the various stages in the value chain of the Japan automotive steering system market?
- What are the key driving factors and challenges in the Japan automotive steering system?
- What is the structure of the Japan automotive steering system market and who are the key players?
- What is the degree of competition in the Japan automotive steering system market?
Key Benefits for Stakeholders:
- IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Japan automotive steering system market from 2018-2032
- The research report provides the latest information on the market drivers, challenges, and opportunities in the Japan automotive steering system market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Japan automotive steering system industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
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