China's automotive steering market is a dynamic and rapidly evolving landscape driven by the country's position as the world's largest automotive market and a hub for technological innovation. With a burgeoning middle class and increasing urbanization, demand for vehicles in China continues to soar, fueling growth in the automotive steering sector. This technological shift is accompanied by a competitive landscape featuring both domestic manufacturers and international suppliers, vying to capture market share and drive innovation. As China continues its trajectory towards sustainable mobility and technological leadership, the automotive steering market remains a crucial focal point, poised for further growth and innovation in the years to come. This technological evolution is driving innovation and competition among domestic manufacturers and international suppliers alike, as they seek to capitalize on China's growing automotive market. With a strong focus on innovation, sustainability, and safety, China's automotive steering market is poised for continued growth and advancement in the years ahead. The automotive steering market in China has experienced a remarkable evolution, mirroring the country's journey from a nascent automotive industry to becoming a global powerhouse. In its early years, before the 1980s, China's automotive sector was modest, with basic manual steering systems and a heavy reliance on imports. The 2000s witnessed a rapid expansion and modernization of the industry, propelled by China's emergence as the world's largest automotive market. This era saw the widespread adoption of electric power steering (EPS) and advanced driver assistance systems (ADAS), with domestic manufacturers also stepping up to become significant players in steering system production. In recent years, China's automotive sector has shifted its focus towards technological innovation, particularly in electric vehicles (EVs) and autonomous driving. With supportive government policies driving the development of new energy vehicles (NEVs) and continued investments in research and development, the automotive steering market in China is poised for continued growth and innovation, solidifying the country's position as a leader in the global automotive industry. Domestic companies such as SAIC Motor, Geely, and BYD are actively engaged in steering system manufacturing and development, leveraging their expertise and resources to meet the demands of the rapidly growing domestic market. International companies such as Bosch, ZF Friedrichshafen, and TRW Automotive also have a significant presence in the Chinese automotive steering market, supplying advanced steering technologies and components to domestic automakers. According to the research report, "China Automotive Steering Market Outlook, 2029," published by Bonafide Research, the China Automotive Steering market is anticipated to add to more than USD 1.95 Billion by 2024–29. As the world's largest automotive market, China's demand for vehicles continues to surge, driving the need for advanced steering technologies to meet evolving consumer preferences and regulatory requirements. The rapid expansion of China's electric vehicle market has further stimulated demand for steering innovations, including steer-by-wire technology, which promises greater control and flexibility in vehicle design. With a competitive landscape comprising both domestic manufacturers and international suppliers, the automotive steering market in China is poised for continued expansion and innovation, driven by the country's relentless pursuit of automotive excellence and technological leadership on the global stage. The automotive market in China is experiencing robust demand driven by several factors, including the country's growing middle class, urbanization, and government incentives promoting vehicle ownership. As China continues to urbanize and its middle class expands, more people are gaining the purchasing power to buy cars, leading to a steady increase in vehicle demand. China's automotive industry is highly competitive, with both domestic manufacturers and international brands vying for market share. This competition drives innovation but also poses challenges for companies trying to differentiate themselves and maintain profitability in a crowded market. In China, the automotive steering market's manufacturing sector stands as a pillar within the broader automotive industry, emblematic of the nation's stature as a global manufacturing powerhouse and the world's largest automotive market. Chinese automotive companies are increasingly partnering with international manufacturers and suppliers to access advanced technologies and expand their global presence. Collaborations in research, development, and production are expected to drive innovation and competitiveness in the automotive steering market, positioning Chinese companies as key players in the global automotive industry. China is the world's largest automotive market, presenting immense opportunities for companies involved in the automotive steering industry.
Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally
Download SampleVariable Gear Ratio Steering (VGRS) is an advanced steering technology that offers variable steering ratios based on driving conditions, vehicle speed, and driver inputs. In the automotive steering market in China, VGRS represents a cutting-edge solution designed to enhance vehicle handling, stability, and driver comfort. VGRS adjusts the steering ratio, which is the relationship between the movement of the steering wheel and the corresponding movement of the vehicle's wheels, to optimize steering response and agility in different driving scenarios. At lower speeds, such as during parking or city driving, VGRS typically provides a higher steering ratio, allowing for quicker steering inputs with less effort from the driver, thus enhancing maneuverability and ease of operation in tight spaces. Conversely, at higher speeds, VGRS may adjust the steering ratio to become lower, offering a more direct and stable feel, enhancing vehicle stability and control during highway cruising or high-speed maneuvers. By dynamically adapting the steering ratio to match driving conditions, VGRS improves overall driving dynamics and responsiveness, enhancing both driver confidence and vehicle safety. In the context of China's automotive market, where urban congestion and high-speed highways are common, VGRS technology holds significant potential to improve the driving experience and address safety concerns. The ability of VGRS to provide precise and responsive steering across a wide range of speeds and driving conditions makes it an attractive feature for both consumers and manufacturers seeking to differentiate their vehicles in a competitive market. By offering variable steering ratios tailored to the unique requirements of electric and autonomous driving modes, VGRS contributes to the advancement of sustainable mobility and smart transportation solutions in China. Variable Gear Ratio Steering represents a sophisticated steering technology with the potential to transform the driving experience and improve safety in the automotive market in China. Manual steering systems rely solely on mechanical linkage between the steering wheel and the vehicle's wheels, without the assistance of power assistance mechanisms. In China, manual steering is commonly found in entry-level or budget-friendly vehicles, as well as in certain commercial and off-road vehicle applications. While manual steering offers simplicity and reliability, it requires greater physical effort from the driver, particularly at low speeds or when parking. Despite advancements in power steering technology, manual steering systems remain popular in China for their cost-effectiveness and durability, especially in vehicles where weight savings and simplicity are prioritized. Hydraulic Power Steering (HPS) systems have long been a staple in the automotive industry and remain prevalent in China. HPS utilizes hydraulic fluid pressure generated by a pump driven by the engine to assist with steering. In HPS systems, hydraulic pressure is applied to a piston within the steering mechanism, helping to reduce the amount of effort required by the driver to turn the steering wheel. While effective, HPS systems are typically less efficient than electric power steering systems, as they continuously draw power from the engine regardless of steering input. However, HPS systems are valued for their reliability, robustness, and consistent steering feel, making them well-suited for a wide range of vehicle applications in China. Electro-Hydraulic Power Steering (EHPS) systems combine elements of both hydraulic and electric power steering technologies. In EHPS systems, hydraulic assistance is provided by an electrically driven pump, offering the advantages of hydraulic power steering with the efficiency and control of electric power steering. EHPS systems are commonly found in certain high-performance and luxury vehicles in China, where precise steering feel and dynamic responsiveness are valued. While EHPS systems may offer improved efficiency compared to traditional HPS systems, they are generally more complex and expensive to manufacture and maintain. Cars, known for their sleek designs and urban agility, dominate China's cityscapes. Ranging from compact hatchbacks to luxurious sedans, these vehicles prioritize comfort and efficiency. Steering systems in cars are engineered to provide precise control and smooth handling, enhancing the driving experience in congested city streets or on expansive highways. Electric power steering (EPS) technology has become increasingly prevalent, offering drivers customizable assistance levels and improved fuel efficiency. Vans in China serve a multitude of purposes, from commercial transport to family outings. Cargo vans, with their spacious interiors, efficiently move goods across bustling city centers. Passenger vans and minivans, on the other hand, provide flexible seating arrangements and ample cargo space, ideal for family road trips or group outings. Hydraulic power steering (HPS) systems are commonly found in vans, offering robust assistance for maneuvering heavy loads and navigating tight spaces with ease. In China, the automotive steering market covers a wide spectrum of vehicles, including commercial vehicles like trucks, buses, and vans, as well as off-road vehicles such as ATVs, UTVs, and dirt bikes. Steering systems in commercial vehicles prioritize stability, maneuverability, and driver comfort, with features like hydraulic or electric power assistance. Off-road vehicles, on the other hand, demand rugged steering systems designed for agility and control in challenging terrains, often utilizing handlebar-based controls for intuitive handling. As China's automotive industry continues to expand, the demand for advanced steering technologies tailored to diverse vehicle types is expected to grow, presenting opportunities for innovation and development in the automotive steering market.
The steering wheel serves as the primary interface between the driver and the vehicle's steering system, allowing the driver to control the direction of the vehicle. In China, steering wheels come in various designs and materials, ranging from traditional round wheels to sporty designs with integrated controls for multimedia and driver-assistance systems. Steering wheels are typically constructed from materials such as leather, plastic, or wood, providing a comfortable grip and tactile feedback for the driver. The steering column is the component that connects the steering wheel to the steering gear mechanism, transmitting steering inputs from the driver to the wheels. In China's automotive market, steering columns are typically adjustable, allowing drivers to customize the position of the steering wheel for optimal comfort and visibility. The steering gear, also known as the steering rack or gearbox, is responsible for translating steering inputs from the driver into lateral motion to turn the vehicle's wheels. In China, various types of steering gears are utilized, including rack and pinion, recirculating ball, and variable gear ratio systems. Rack and pinion steering systems are the most common, offering simplicity, responsiveness, and precise control. The steering pump, often referred to as the power steering pump, provides hydraulic assistance to the steering system, reducing the amount of effort required by the driver to turn the steering wheel. In China's automotive market, both hydraulic and electric power steering pumps are utilized, depending on the type of power steering system employed. Steering angle sensors measure the rotation of the steering wheel and provide data on the direction and degree of steering input. This information is crucial for systems such as electronic stability control (ESC), traction control, and lane-keeping assist, which rely on accurate steering angle data to enhance vehicle stability and maneuverability, especially during cornering and emergency maneuvers. Steering torque sensors measure the amount of force applied to the steering wheel by the driver. This data is utilized by systems such as electric power steering (EPS) to adjust steering assistance levels according to driving conditions, vehicle speed, and driver preferences. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Automotive Steering market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation
By Type of Steering System • Manual Steering • Power Steering (Hydraulic Power Steering, Electric Power Steering) • Others(Variable Gear Ratio Steering,Rack and Pinion Steering, Recirculating Ball Steering) By Vehicle Type • Passenger Vehicles (Cars, SUVs, Vans) • Commercial Vehicles (Trucks, Buses) • Off-road Vehicles (ATVs, UTVs, Dirt Bikes) By Component • Steering Column • Steering Wheel • Steering Gear • Steering Pump • Steering Sensor • Others By End Use • OEMs (Original Equipment Manufacturers) • Aftermarket The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the automotive steering industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.
We are friendly and approachable, give us a call.