The global Automotive Power Steering market size was valued at US$ 12.78 billion in 2024 and is projected to reach US$ 16.54 billion by 2030, at a CAGR of 4.4% during the forecast period 2024-2030.
The United States Automotive Power Steering market size was valued at US$ 2.87 billion in 2024 and is projected to US$ 3.62 billion by 2030, at a CAGR of 4.0% during the forecast period 2024-2030.
Market Segmentation (by Type)
Hydraulic Power Steering
Electric Power Steering
Others
Market Segmentation (by Application)
Passenger Cars
Commercial Vehicles
Global Automotive Power Steering Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Locked
