The global automotive steering system market is projected to grow at an average CAGR of 4.6% from 2023 to 2033. By 2033, the market is expected to generate a revenue of USD 38.0 billion, up from USD 24.1 billion in 2023. Historically, the market registered a CAGR of 2.3% from 2015 to 2021. Several factors …
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Automotive Steering System Market Sales Projection, Opportunity Assessment, Segmentation, Key Players Analysis and Forecast to 2030
Increasing use of advanced technology, such as sensors and traction control systems is boding well for the growth of the global automotive steering system market. However, according to an FMI study, the COVID-19 pandemic continues to obstruct automotive production activities, worldwide, as some of the most affected countries house major automotive production hubs, such as Germany, …