Global Automotive Steering Shaft Market 2023-2030

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    GLOBAL AUTOMOTIVE STEERING SHAFT MARKET

     

    INTRODUCTION

    In medium- or heavy-duty commercial vehicles and buses, steering shafts serve as the link between the steering column and steering gear. An essential component of a vehicle’s mobility is its steering system.

     

    The steering system’s primary duties include turning the vehicle according to the driver’s wishes, providing directional stability, translating the steering wheel’s rotation into an angular turn of the front wheels, and preventing road shock from reaching the driver’s hands. commonly found in trucks, large/heavier SUVs, and big vehicles.

     

    The steering shaft, which resembles a bolt in that it has a threaded rod at the end, holds the steering wheel in place.

     

    The rod is turned when the steering wheel is turned. Consequently, the block is moved when it spins. The outside of the block has gear teeth carved into it. They cause a gear to turn, which moves the pitman arm. Ball bearings are embedded in the threads of the rod, and as the gear rotates, they move back and forth through it.

     

    A worm gear is linked to the steering shaft at one end. It directly meshes with a sector gear. The steering shaft and worm gear are turned by turning the steering wheel. The sector gear’s teeth move along the worm gear and the Pitman arm as it revolves around its axis. The wheel is regarded as humanity’s most significant innovation. It made long-distance travel conceivable.

     

    GLOBAL AUTOMOTIVE STEERING SHAFT MARKET SIZE AND FORECAST

     

    Infographic: Automotive Steering Shaft Market, Automotive Steering Shaft Market Size, Automotive Steering Shaft Market Trends, Automotive Steering Shaft Market Forecast, Automotive Steering Shaft Market Risks, Automotive Steering Shaft Market Report, Automotive Steering Shaft Market Share

     

    The Global Automotive steering Shaft 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.

     

    RECENT DEVELOPMENT

    With the introduction of its new Modular Column-Assist EPS System, Nexteer Automotive has today announced the extension of its Electric Power Steering (EPS) line (mCEPS).

     

    Additionally, Nexteer’s specially designed, high-performance torque and rotation angle sensors offer exceptional noise, vibration, and harshness (NVH) performance as well as a smooth, accurate steering feel, which increases drivers’ sense of connection to the road.

     

    According to Nexteer Automotive, “For vehicle types that have utilised conventional CEPS systems in the past, Nexteer’s mCEPS system opens up new options.” With a platform design and an extendable electronic control system, mCEPS enables us to satisfy OEM clients’ requests for a sophisticated, bespoke, and affordable steering system that is adaptable to customer packaging and other requirements.

     

    COMPANY PROFILE

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. How many Automotive steering Shaft are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Global Automotive steering Shaft and key vendor selection criteria
    3. Where is the Automotive steering Shaft manufactured? What is the average margin per unit?
    4. Market share of Global Automotive steering Shaft market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Global Automotive steering Shaft in-house
    6. 5 key predictions for next 5 years in Global steering Shaft market
    7. Average B-2-B Automotive steering Shaft market price in all segments
    8. Latest trends in Automotive steering Shaft market, by every market segment
    9. The market size (both volume and value) of the Automotive steering Shaft market in 2023-2030 and every year in between?
    10.  Production breakup of Automotive steering Shaft market, by suppliers and their OEM relationship

     

    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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