Asia Pacific Automotive Steering Market Size & Outlook
Asia Pacific automotive steering market highlights
- The Asia Pacific automotive steering market generated a revenue of USD 10,935.4 million in 2024.
- The market is expected to grow at a CAGR of 6.8% from 2025 to 2033.
- In terms of segment, hydraulic pump was the largest revenue generating component in 2024.
- Hydraulic Pump is the most lucrative component segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2024 | USD 10,935.4 million |
| Market revenue in 2033 | USD 19,172.2 million |
| Growth rate | 6.8% (CAGR from 2025 to 2033) |
| Largest segment | Hydraulic pump |
| Fastest growing segment | Hydraulic Pump |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hydraulic Pump |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 38.9% of the global automotive steering market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 19,172.2 million by 2033.
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Automotive Steering Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| ThyssenKrupp Presta Hungary | View profile | - | http://www.thyssenkrupp.hu/en/home | |
| Robert Bosch GmbH | View profile | - | - | - |
| Mando Corporation | View profile | 10001+ | Seongnam, Kyonggi-do, South Korea, Asia | https://mando.com |
| Showa | View profile | 10001+ | Gyoda, Saitama, Japan, Asia | https://www.showa1.com/ |
| Nexteer Automotive Group Ltd | View profile | 12900 | 1272 Doris Road, Auburn Hills, MI, United States, 48326 | https://www.nexteer.com |
| ZF Group | View profile | 10001+ | Friedrichshafen, Baden-Wurttemberg, Germany, Europe | http://zf.com |
| NSK Ltd | View profile | 32668 | Nissei Building, 1-6-3 Ohsaki, Shinagawa-ku, Tokyo, Japan, 141-8560 | http://www.jp.nsk.com |
| JTEKT Corp | View profile | 51087 | No. 7-1, Meieki 4-chome, Nakamura-ku, 15th floor, Aichi Prefecture, Nagoya, Japan, 450-8515 | http://www.jtekt.co.jp |
| Hyundai Mobis | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.mobis.co.kr/kr/index.do |
Asia Pacific automotive steering market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive steering market will help companies and investors design strategic landscapes.
Hydraulic pump was the largest segment with a revenue share of 103.61% in 2024. Horizon Databook has segmented the Asia Pacific automotive steering market based on hydraulic pump covering the revenue growth of each sub-segment from 2021 to 2033.
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Asia Pacific automotive steering market databook
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Our clientele includes a mix of automotive steering market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific automotive steering market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific automotive steering market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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