Market Share of Automotive Steering Industry
The Automotive Steering Market is dominated by several players, such as Robert Bosch GmbH, ZF Friedrichshafen AG, JTEKT Corporation, Nexteer Automotive Corporation, NSK Ltd, Mando Corporation, and Showa Corporation. These companies have been expanding their business with new innovative technologies to have a competitive edge.
- December 2022: Robert Bosch Engineering and Business Solutions (RBEI) opened a new smart campus at HITEC City in Hyderabad to support its software-centric product innovations. The Centre of Excellence is a Technology and Innovation R&D center focusing on the Automotive Engineering domain, focusing on Classical Powertrain, Automotive Steering, and other components.
- November 2022: Continental AG announced the completion of the third expansion of its Timișoara electronic components factory. Every year, the Timișoara electronic components factory produces over 17 million units of various products, including control units for multiple technologies such as air suspension, power steering, and many other onboard instruments.
Automotive Steering System Market Leaders
Showa Corporation
Nexteer Automotive Corporation
NSK Ltd
JTEKT Corporation
Robert Bosch GmbH
*Disclaimer: Major Players sorted in no particular order
