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Last Updated: Apr 25, 2025 | Study Period: 2023-2030
A vehicle's power steering system makes use of the engine's force to help steer the vehicle's front wheels. It gives the driver more control and makes turning the wheels easier. There are two different kinds of power steering: hydraulic and electric. To help turn the wheels of the vehicle, hydraulic systems need a hydraulic fluid to impart pressure to the system.
An electric power steering system makes use of sensors and an electric motor to determine how much force is being applied by the driver and then calculates how much force is needed to help in rotating the wheels.
The Global automotive power steering adhesives market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
Robert Bosch Automotive Power Steering GmbH has replaced the role of ZF Steering Systems GmbH. The Bosch Group's system competency in business mobility solutions is increased by the Robert Bosch Automotive Steering GmbH, a leading manufacturer of cutting-edge, fuel-efficient electric power steering systems.
To expand the skill set by adding this crucial competency due to the mentoring. Electric power steering systems are a fundamental component of driver assistance systems, automated driving, and electric vehicles. They can save up to 0.8 litres of gasoline every 100 kilometres.
Bosch claims that the added product selection for steering systems would be advantageous to its consumers.In the past, selling components was successful; currently, intelligent systems and solutions are what are offered to customers.
Robert Bosch Automotive Steering GmbH's research and development efforts are heavily focused on employing particular software to connect parts and build whole systems.
The business has developed a system for controlling a trailer and car combo using a smartphone. Currently, series manufacture of this solution is feasible. This idea applies to vehicles with a payload of more than 40 metric tonnes, thanks to an electro-hydraulic commercial steering system created especially for them by Automotive Steering.
Therefore, the cutting-edge Servotwin commercial steering system is the beginning of the electrification of commercial vehicle steering, which is a crucial requirement for the introduction of driver assistance systems in the commercial vehicle category.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2023-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2023-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2023-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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