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Global Power Steering System for Passenger Vehicle Market Outlook, In‑Depth Analysis & Forecast to 2031
Published Date: October 2025
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Report Code: QYRE-Auto-1K17605
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Global Power Steering System for Passenger Vehicle Market Research Report 2024
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Global Power Steering System for Passenger Vehicle Market Outlook, In‑Depth Analysis & Forecast to 2031

Code: QYRE-Auto-1K17605
Report
October 2025
Pages:168
QYResearch
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DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES

Power Steering System for Passenger Vehicle Market

The global Power Steering System for Passenger Vehicle market is projected to grow from US$ million in 2024 to US$ million by 2031, at a CAGR of %(2025-2031), driven by critical product segments and diverse end‑use applications, while evolving U.S. tariff policies introduce trade‑cost volatility and supply‑chain uncertainty.
From a downstream perspective, New Energy Passenger Vehicle accounted for % of 2024 revenue, surging to US$ million by 2031 (CAGR: % from 2025–2031).
Power Steering System for Passenger Vehicle leading manufacturers including JTEKT, Bosch, Nexteer, ZF, NSK, Mobis, Hitachi Astemo (Showa ), Thyssenkrupp, Mando, CAAS, etc., dominate supply; the top five capture approximately % of global revenue, with JTEKT leading 2024 sales at US$ million.
Regional Outlook:
North America rose from US$ million in 2024 to a forecast US$ million by 2031 (CAGR %).
Asia‑Pacific will expand from US$ million to US$ million (CAGR  %), led by China (US$ million in 2024, % share rising to % by 2031), Japan (CAGR %), South Korea (CAGR %), and Southeast Asia (CAGR %).
Europe is set to grow from US$ million to US$ million (CAGR %), with Germany projected to hit US$ million by 2031 (CAGR %).

Report Includes:

This definitive report equips CEOs, marketing directors, and investors with a 360° view of the global Power Steering System for Passenger Vehicle market, seamlessly integrating production capacity and sales performance across the value chain. It analyzes historical production, revenue, and sales data (2020–2024) and delivers forecasts through 2031, illuminating demand trends and growth drivers.
By segmenting the market by Type and by Application, the study quantifies volume and value, growth rates, technical innovations, niche opportunities, and substitution risks, and analyzes downstream customers distribution pattern.
Granular regional insights cover five major markets—North America, Europe, APAC, South America, and MEA—with in‑depth analysis of 20+ countries. Each region’s dominant products, competitive landscape, and downstream demand trends are clearly detailed.
Critical competitive intelligence profiles manufacturers—capacity, sales volume, revenue, margins, pricing strategies, and major customers—and dissects the top-player positioning across product lines, applications, and regions to reveal strategic strengths.
A concise supply‑chain overview maps upstream suppliers, manufacturing technologies, cost structures, and distribution dynamics to identify strategic gaps and unmet demand.
Market Segmentation

Scope of Power Steering System for Passenger Vehicle Market Report

Report Metric Details
Report Name Power Steering System for Passenger Vehicle Market
Segment by Type
  • Electric Power Steering (EPS)
  • Hydraulic Power Steering (HPS)
  • Electronic Hydraulic Power Steering (EHPS)
Segment by Application
  • New Energy Passenger Vehicle
  • Fuel Passenger Vehicle
Production by Region
  • North America
  • Europe
  • China
  • Japan
  • South Korea
Sales by Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia) Rest of Europe
  • Nordic Countries
  • Asia-Pacific (China, Japan, South Korea)
  • Southeast Asia (India, Australia)
  • Rest of Asia
  • Latin America (Mexico, Brazil)
  • Rest of Latin America
  • Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company JTEKT, Bosch, Nexteer, ZF, NSK, Mobis, Hitachi Astemo (Showa ), Thyssenkrupp, Mando, CAAS, Zhejiang Shibao, YUBEI Steering System, Hubei Henglong Automotive System Group
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

  • Chapter 1: Defines the Power Steering System for Passenger Vehicle study scope, segments the market by Type and by Application, etc, highlights segment size and growth potential.
  • Chapter 2: Offers current market state, projects global revenue and sales to 2031, pinpointing high consumption regions and emerging market catalysts
  • Chapter 3: Maps global production capacity, utilization, and market share (2020–2031), identifies efficient hubs, reveals regulatory/trade policy impacts and bottlenecks.
  • Chapter 4: Dissects the manufacturer landscape—ranks by volume and revenue, analyzes profitability and pricing, maps production bases, details manufacturer performance by product type and evaluates concentration alongside M&A moves.
  • Chapter 5: Unlocks high margin product segments—compares sales, revenue, ASP, and technology differentiators, highlighting growth niches and substitution risks
  • Chapter 6: Targets downstream market opportunities—evaluates sales, revenue, and pricing by Application, identifies emerging use cases, and profiles leading customers by region and by Application.
  • Chapter 7: North America—breaks down sales and revenue by Type, by Application and country, profiles key manufacturers and assesses growth drivers and barriers.
  • Chapter 8: Europe—analyses regional sales, revenue and market by Type, by Application and manufacturers, flagging drivers and barriers.
  • Chapter 9: Asia Pacific—quantifies sales and revenue by Type, by Application, and region/country, profiles top manufacturers, and uncovers high potential expansion areas.
  • Chapter 10: Central & South America—measures sales and revenue by Type, by Application, and country, profiles top manufacturers, and identifies investment opportunities and challenges.
  • Chapter 11: Middle East and Africa—evaluates sales and revenue by Type, by Application, and country, profiles key manufacturers, and outlines investment prospects and market hurdles
  • Chapter 12: Profiles manufacturers in depth—details product specs, capacity, sales, revenue, margins; Top manufactures 2024 sales breakdowns by Product type, by Application, by sales region SWOT analysis, and recent strategic developments.
  • Chapter 13: Supply chain—analyses upstream raw materials and suppliers, manufacturing footprint and technology, cost drivers, plus downstream channels and distributor roles.
  • Chapter 14: Market dynamics—explores drivers, restraints, regulatory impacts, and risk mitigation strategies.
  • Chapter 15: Actionable conclusions and strategic recommendations.
  • Why This Report:
  • Beyond standard market data, this analysis provides a clear profitability roadmap—empowering you to:
  • Allocate capital strategically to high growth regions (Chapters 7–11) and margin rich segments (Chapter 5).
  • Negotiate from strength with suppliers (Chapter 13) and customers (Chapter 6) using cost and demand intelligence.
  • Outmaneuver competitors with granular insights into their operations, margins, and strategies (Chapters 4 and 12).
  • Secure your supply chain against disruptions through upstream and downstream visibility (Chapters 13 and 14).
  • Leverage this 360° intelligence to turn market complexity into actionable competitive advantage.

FAQ for this report

Who are the main players in the Power Steering System for Passenger Vehicle Market report?

Ans: The main players in the Power Steering System for Passenger Vehicle Market are JTEKT, Bosch, Nexteer, ZF, NSK, Mobis, Hitachi Astemo (Showa ), Thyssenkrupp, Mando, CAAS, Zhejiang Shibao, YUBEI Steering System, Hubei Henglong Automotive System Group

What are the Application segmentation covered in the Power Steering System for Passenger Vehicle Market report?

Ans: The Applications covered in the Power Steering System for Passenger Vehicle Market report are New Energy Passenger Vehicle, Fuel Passenger Vehicle

What are the Type segmentation covered in the Power Steering System for Passenger Vehicle Market report?

Ans: The Types covered in the Power Steering System for Passenger Vehicle Market report are Electric Power Steering (EPS), Hydraulic Power Steering (HPS), Electronic Hydraulic Power Steering (EHPS)

1 Study Coverage
1.1 Introduction to Power Steering System for Passenger Vehicle: Definition, Properties, and Key Attributes
1.2 Market Segmentation by Type
1.2.1 Global Power Steering System for Passenger Vehicle Market Size by Type, 2020 VS 2024 VS 2031
1.2.2 Electric Power Steering (EPS)
1.2.3 Hydraulic Power Steering (HPS)
1.2.4 Electronic Hydraulic Power Steering (EHPS)
1.3 Market Segmentation by Application
1.3.1 Global Power Steering System for Passenger Vehicle Market Size by Application, 2020 VS 2024 VS 2031
1.3.2 New Energy Passenger Vehicle
1.3.3 Fuel Passenger Vehicle
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Executive Summary
2.1 Global Power Steering System for Passenger Vehicle Revenue Estimates and Forecasts 2020-2031
2.2 Global Power Steering System for Passenger Vehicle Revenue by Region
2.2.1 Revenue Comparison: 2020 VS 2024 VS 2031
2.2.2 Historical and Forecasted Revenue by Region (2020--2031)
2.2.3 Global Revenue Market Share by Region (2020-2031)
2.3 Global Power Steering System for Passenger Vehicle Sales Estimates and Forecasts 2020-2031
2.4 Global Power Steering System for Passenger Vehicle Sales by Region
2.4.1 Sales Comparison: 2020 VS 2024 VS 2031
2.4.2 Historical and Forecasted Sales by Region (2020-2031)
2.4.3 Emerging Market Focus: Growth Drivers & Investment Trends
2.4.4 Global Sales Market Share by Region (2020-2031)
3 Global Production Analysis
3.1 Global Power Steering System for Passenger Vehicle Production Capacity and Utilization Rates (2020–2031)
3.2 Regional Production: Comparative Analysis (2020 VS 2024 VS 2031)
3.3 Regional Production Dynamics
3.3.1 Historic Production by Region (2020-2025)
3.3.2 Forecasted Production by Region (2026-2031)
3.3.3 Production Market Share by Region (2020-2031)
3.3.4 Regulatory and Trade Policy Impact on Production
3.3.5 Production Capacity Enablers and Constraints
3.4 Key Regional Production Hubs
3.4.1 North America
3.4.2 Europe
3.4.3 China
3.4.4 Japan
3.4.5 South Korea
4 Competition by Manufacturers
4.1 Global Power Steering System for Passenger Vehicle Sales by Manufacturers
4.1.1 Global Sales Volume by Manufacturers (2020-2025)
4.1.2 Global Top 5 and Top 10 Manufacturers’Market Share by Sales Volume (2024)
4.2 Global Power Steering System for Passenger Vehicle Manufacturer Revenue Rankings and Tiers
4.2.1 Global Revenue (Value) by Manufacturers (2020-2025)
4.2.2 Global Key Manufacturer Revenue Ranking (2023 vs. 2024)
4.2.3 Revenue-Based Tier Segmentation (Tier 1, Tier 2, and Tier 3)
4.3 Manufacturer Profitability Profiles and Pricing Strategies
4.3.1 Gross Margin by Top Manufacturer (2020 VS 2024)
4.3.2 Manufacturer-Level Price Trends (2020-2025)
4.4 Key Manufacturers Manufacturing Base and Headquarters
4.5 Main Product Type Market Size by Manufacturers
4.5.1 Electric Power Steering (EPS) Market Size by Manufacturers
4.5.2 Hydraulic Power Steering (HPS) Market Size by Manufacturers
4.5.3 Electronic Hydraulic Power Steering (EHPS) Market Size by Manufacturers
4.6 Global Power Steering System for Passenger Vehicle Market Concentration and Dynamics
4.6.1 Global Market Concentration (CR5 and HHI)
4.6.2 Entrant/Exit Impact Analysis
4.6.3 Strategic Moves: M&A, Capacity Expansion, R&D Investment
5 Global Product Segmentation Analysis
5.1 Global Power Steering System for Passenger Vehicle Sales Performance by Type
5.1.1 Global Historical and Forecasted Sales by Type (2020-2031)
5.1.2 Global Sales Market Share by Type (2020-2031)
5.2 Global Power Steering System for Passenger Vehicle Revenue Trends by Type
5.2.1 Global Historical and Forecasted Revenue by Type (2020-2031)
5.2.2 Global Revenue Market Share by Type (2020-2031)
5.3 Global Average Selling Price (ASP) Trends by Type (2020-2031)
5.4 Product Technology Differentiation
5.5 Subtype Dynamics: Growth Leaders, Profitability and Risk
5.5.1 High-Growth Niches and Adoption Drivers
5.5.2 Profitability Hotspots and Cost Drivers
5.5.3 Substitution Threats
6 Global Downstream Application Analysis
6.1 Global Power Steering System for Passenger Vehicle Sales by Application
6.1.1 Global Historical and Forecasted Sales by Application (2020-2031)
6.1.2 Global Sales Market Share by Application (2020-2031)
6.1.3 High-Growth Application Identification
6.1.4 Emerging Application Case Studies
6.2 Global Power Steering System for Passenger Vehicle Revenue by Application
6.2.1 Global Historical and Forecasted Revenue by Application (2020-2031)
6.2.2 Revenue Market Share by Application (2020-2031)
6.3 Global Pricing Dynamics by Application (2020-2031)
6.4 Downstream Customer Analysis
6.4.1 Top Customers by Region
6.4.2 Top Customers by Application
7 North America
7.1 North America Sales Volume and Revenue (2020-2031)
7.2 North America Key Manufacturers Sales Revenue in 2024
7.3 North America Power Steering System for Passenger Vehicle Sales and Revenue by Type (2020-2031)
7.4 North America Power Steering System for Passenger Vehicle Sales and Revenue by Application (2020-2031)
7.5 North America Growth Accelerators and Market Barriers
7.6 North America Power Steering System for Passenger Vehicle Market Size by Country
7.6.1 North America Revenue by Country
7.6.2 North America Sales Trends by Country
7.6.3 US
7.6.4 Canada
7.6.5 Mexico
8 Europe
8.1 Europe Sales Volume and Revenue (2020-2031)
8.2 Europe Key Manufacturers Sales Revenue in 2024
8.3 Europe Power Steering System for Passenger Vehicle Sales and Revenue by Type (2020-2031)
8.4 Europe Power Steering System for Passenger Vehicle Sales and Revenue by Application (2020-2031)
8.5 Europe Growth Accelerators and Market Barriers
8.6 Europe Power Steering System for Passenger Vehicle Market Size by Country
8.6.1 Europe Revenue by Country
8.6.2 Europe Sales Trends by Country
8.6.3 Germany
8.6.4 France
8.6.5 U.K.
8.6.6 Italy
8.6.7 Russia
9 Asia-Pacific
9.1 Asia-Pacific Sales Volume and Revenue (2020-2031)
9.2 Asia-Pacific Key Manufacturers Sales Revenue in 2024
9.3 Asia-Pacific Power Steering System for Passenger Vehicle Sales and Revenue by Type (2020-2031)
9.4 Asia-Pacific Power Steering System for Passenger Vehicle Sales and Revenue by Application (2020-2031)
9.5 Asia-Pacific Power Steering System for Passenger Vehicle Market Size by Region
9.5.1 Asia-Pacific Revenue by Region
9.5.2 Asia-Pacific Sales Trends by Region
9.6 Asia-Pacific Growth Accelerators and Market Barriers
9.7 Southeast Asia
9.7.1 Southeast Asia Revenue by Country (2020 VS 2024 VS 2031)
9.7.2 Key Country Analysis: Indonesia, Vietnam, Thailand
9.8 China
9.9 Japan
9.10 South Korea
9.11 China Taiwan
9.12 India
10 Central and South America
10.1 Central and South America Sales Volume and Revenue (2020-2031)
10.2 Central and South America Key Manufacturers Sales Revenue in 2024
10.3 Central and South America Power Steering System for Passenger Vehicle Sales and Revenue by Type (2020-2031)
10.4 Central and South America Power Steering System for Passenger Vehicle Sales and Revenue by Application (2020-2031)
10.5 Central and South America Investment Opportunities and Key Challenges
10.6 Central and South America Power Steering System for Passenger Vehicle Market Size by Country
10.6.1 Central and South America Revenue Trends by Country (2020 VS 2024 VS 2031)
10.6.2 Brazil
10.6.3 Argentina
11 Middle East and Africa
11.1 Middle East and Africa Sales Volume and Revenue (2020-2031)
11.2 Middle East and Africa Key Manufacturers Sales Revenue in 2024
11.3 Middle East and Africa Power Steering System for Passenger Vehicle Sales and Revenue by Type (2020-2031)
11.4 Middle East and Africa Power Steering System for Passenger Vehicle Sales and Revenue by Application (2020-2031)
11.5 Middle East and Africa Investment Opportunities and Key Challenges
11.6 Middle East and Africa Power Steering System for Passenger Vehicle Market Size by Country
11.6.1 Middle East and Africa Revenue Trends by Country (2020 VS 2024 VS 2031)
11.6.2 GCC Countries
11.6.3 Turkey
11.6.4 Egypt
11.6.5 South Africa
12 Corporate Profile
12.1 JTEKT
12.1.1 JTEKT Corporation Information
12.1.2 JTEKT Business Overview
12.1.3 JTEKT Power Steering System for Passenger Vehicle Product Models, Descriptions and Specifications
12.1.4 JTEKT Power Steering System for Passenger Vehicle Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.1.5 JTEKT Power Steering System for Passenger Vehicle Sales by Product in 2024
12.1.6 JTEKT Power Steering System for Passenger Vehicle Sales by Application in 2024
12.1.7 JTEKT Power Steering System for Passenger Vehicle Sales by Geographic Area in 2024
12.1.8 JTEKT Power Steering System for Passenger Vehicle SWOT Analysis
12.1.9 JTEKT Recent Developments
12.2 Bosch
12.2.1 Bosch Corporation Information
12.2.2 Bosch Business Overview
12.2.3 Bosch Power Steering System for Passenger Vehicle Product Models, Descriptions and Specifications
12.2.4 Bosch Power Steering System for Passenger Vehicle Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.2.5 Bosch Power Steering System for Passenger Vehicle Sales by Product in 2024
12.2.6 Bosch Power Steering System for Passenger Vehicle Sales by Application in 2024
12.2.7 Bosch Power Steering System for Passenger Vehicle Sales by Geographic Area in 2024
12.2.8 Bosch Power Steering System for Passenger Vehicle SWOT Analysis
12.2.9 Bosch Recent Developments
12.3 Nexteer
12.3.1 Nexteer Corporation Information
12.3.2 Nexteer Business Overview
12.3.3 Nexteer Power Steering System for Passenger Vehicle Product Models, Descriptions and Specifications
12.3.4 Nexteer Power Steering System for Passenger Vehicle Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.3.5 Nexteer Power Steering System for Passenger Vehicle Sales by Product in 2024
12.3.6 Nexteer Power Steering System for Passenger Vehicle Sales by Application in 2024
12.3.7 Nexteer Power Steering System for Passenger Vehicle Sales by Geographic Area in 2024
12.3.8 Nexteer Power Steering System for Passenger Vehicle SWOT Analysis
12.3.9 Nexteer Recent Developments
12.4 ZF
12.4.1 ZF Corporation Information
12.4.2 ZF Business Overview
12.4.3 ZF Power Steering System for Passenger Vehicle Product Models, Descriptions and Specifications
12.4.4 ZF Power Steering System for Passenger Vehicle Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.4.5 ZF Power Steering System for Passenger Vehicle Sales by Product in 2024
12.4.6 ZF Power Steering System for Passenger Vehicle Sales by Application in 2024
12.4.7 ZF Power Steering System for Passenger Vehicle Sales by Geographic Area in 2024
12.4.8 ZF Power Steering System for Passenger Vehicle SWOT Analysis
12.4.9 ZF Recent Developments
12.5 NSK
12.5.1 NSK Corporation Information
12.5.2 NSK Business Overview
12.5.3 NSK Power Steering System for Passenger Vehicle Product Models, Descriptions and Specifications
12.5.4 NSK Power Steering System for Passenger Vehicle Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.5.5 NSK Power Steering System for Passenger Vehicle Sales by Product in 2024
12.5.6 NSK Power Steering System for Passenger Vehicle Sales by Application in 2024
12.5.7 NSK Power Steering System for Passenger Vehicle Sales by Geographic Area in 2024
12.5.8 NSK Power Steering System for Passenger Vehicle SWOT Analysis
12.5.9 NSK Recent Developments
12.6 Mobis
12.6.1 Mobis Corporation Information
12.6.2 Mobis Business Overview
12.6.3 Mobis Power Steering System for Passenger Vehicle Product Models, Descriptions and Specifications
12.6.4 Mobis Power Steering System for Passenger Vehicle Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.6.5 Mobis Recent Developments
12.7 Hitachi Astemo (Showa )
12.7.1 Hitachi Astemo (Showa ) Corporation Information
12.7.2 Hitachi Astemo (Showa ) Business Overview
12.7.3 Hitachi Astemo (Showa ) Power Steering System for Passenger Vehicle Product Models, Descriptions and Specifications
12.7.4 Hitachi Astemo (Showa ) Power Steering System for Passenger Vehicle Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.7.5 Hitachi Astemo (Showa ) Recent Developments
12.8 Thyssenkrupp
12.8.1 Thyssenkrupp Corporation Information
12.8.2 Thyssenkrupp Business Overview
12.8.3 Thyssenkrupp Power Steering System for Passenger Vehicle Product Models, Descriptions and Specifications
12.8.4 Thyssenkrupp Power Steering System for Passenger Vehicle Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.8.5 Thyssenkrupp Recent Developments
12.9 Mando
12.9.1 Mando Corporation Information
12.9.2 Mando Business Overview
12.9.3 Mando Power Steering System for Passenger Vehicle Product Models, Descriptions and Specifications
12.9.4 Mando Power Steering System for Passenger Vehicle Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.9.5 Mando Recent Developments
12.10 CAAS
12.10.1 CAAS Corporation Information
12.10.2 CAAS Business Overview
12.10.3 CAAS Power Steering System for Passenger Vehicle Product Models, Descriptions and Specifications
12.10.4 CAAS Power Steering System for Passenger Vehicle Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.10.5 CAAS Recent Developments
12.11 Zhejiang Shibao
12.11.1 Zhejiang Shibao Corporation Information
12.11.2 Zhejiang Shibao Business Overview
12.11.3 Zhejiang Shibao Power Steering System for Passenger Vehicle Product Models, Descriptions and Specifications
12.11.4 Zhejiang Shibao Power Steering System for Passenger Vehicle Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.11.5 Zhejiang Shibao Recent Developments
12.12 YUBEI Steering System
12.12.1 YUBEI Steering System Corporation Information
12.12.2 YUBEI Steering System Business Overview
12.12.3 YUBEI Steering System Power Steering System for Passenger Vehicle Product Models, Descriptions and Specifications
12.12.4 YUBEI Steering System Power Steering System for Passenger Vehicle Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.12.5 YUBEI Steering System Recent Developments
12.13 Hubei Henglong Automotive System Group
12.13.1 Hubei Henglong Automotive System Group Corporation Information
12.13.2 Hubei Henglong Automotive System Group Business Overview
12.13.3 Hubei Henglong Automotive System Group Power Steering System for Passenger Vehicle Product Models, Descriptions and Specifications
12.13.4 Hubei Henglong Automotive System Group Power Steering System for Passenger Vehicle Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.13.5 Hubei Henglong Automotive System Group Recent Developments
13 Value Chain and Supply-Chain Analysis
13.1 Power Steering System for Passenger Vehicle Industry Chain
13.2 Power Steering System for Passenger Vehicle Upstream Materials Analysis
13.2.1 Raw Materials
13.2.2 Key Suppliers Market Share & Risk Assessment
13.3 Power Steering System for Passenger Vehicle Integrated Production Analysis
13.3.1 Manufacturing Footprint Analysis
13.3.2 Production Technology Overview
13.3.3 Regional Cost Drivers
13.4 Power Steering System for Passenger Vehicle Sales Channels and Distribution Networks
13.4.1 Sales Channels
13.4.2 Distributors
14 Power Steering System for Passenger Vehicle Market Dynamics
14.1 Industry Trends and Evolution
14.2 Market Growth Drivers and Emerging Opportunities
14.3 Market Challenges, Risks, and Restraints
15 Key Findings in the Global Power Steering System for Passenger Vehicle Study
16 Appendix
16.1 Research Methodology
16.1.1 Methodology/Research Approach
16.1.1.1 Research Programs/Design
16.1.1.2 Market Size Estimation
16.1.1.3 Market Breakdown and Data Triangulation
16.1.2 Data Source
16.1.2.1 Secondary Sources
16.1.2.2 Primary Sources
16.2 Author Details
List of Tables
 Table 1. Global Power Steering System for Passenger Vehicle Market Size Growth Rate by Type, 2020 VS 2024 VS 2031 (US$ Million)
 Table 2. Global Power Steering System for Passenger Vehicle Market Size Growth Rate by Application, 2020 VS 2024 VS 2031 (US$ Million)
 Table 3. Global Power Steering System for Passenger Vehicle Revenue Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Table 4. Global Power Steering System for Passenger Vehicle Revenue by Region (2020-2025) & (US$ Million)
 Table 5. Global Power Steering System for Passenger Vehicle Revenue by Region (2026-2031) & (US$ Million)
 Table 6. Global Power Steering System for Passenger Vehicle Sales Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (K Units)
 Table 7. Global Power Steering System for Passenger Vehicle Sales by Region (2020-2025) & (K Units)
 Table 8. Global Power Steering System for Passenger Vehicle Sales by Region (2026-2031) & (K Units)
 Table 9. Emerging Market Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
 Table 10. Global Power Steering System for Passenger Vehicle Production Growth Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (K Units)
 Table 11. Global Power Steering System for Passenger Vehicle Production by Region (2020-2025) & (K Units)
 Table 12. Global Power Steering System for Passenger Vehicle Production by Region (2026-2031) & (K Units)
 Table 13. Global Power Steering System for Passenger Vehicle Sales by Manufacturers (2020-2025) & (K Units)
 Table 14. Global Power Steering System for Passenger Vehicle Sales Share by Manufacturers (2020-2025)
 Table 15. Global Power Steering System for Passenger Vehicle Revenue by Manufacturers (2020-2025) & (US$ Million)
 Table 16. Global Power Steering System for Passenger Vehicle Revenue Market Share by Manufacturers (2020-2025)
 Table 17. Global Key Manufacturers’Ranking Shift (2023 vs. 2024) (Based on Revenue)
 Table 18. Global Power Steering System for Passenger Vehicle by Manufacturer Tier (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Power Steering System for Passenger Vehicle as of 2024)
 Table 19. Global Power Steering System for Passenger Vehicle Average Gross Margin (%) by Manufacturer (2020 VS 2024)
 Table 20. Global Power Steering System for Passenger Vehicle Average Selling Price (ASP) by Manufacturers (2020-2025) & (US$/Unit)
 Table 21. Key Manufacturers Power Steering System for Passenger Vehicle Manufacturing Base and Headquarters
 Table 22. Global Power Steering System for Passenger Vehicle Market Concentration Ratio (CR5 and HHI)
 Table 23. Key Market Entrant/Exit (2020-2024) – Drivers & Impact Analysis
 Table 24. Key Mergers & Acquisitions, Expansion Plans, R&D Investment
 Table 25. Global Power Steering System for Passenger Vehicle Sales by Type (2020-2025) & (K Units)
 Table 26. Global Power Steering System for Passenger Vehicle Sales by Type (2026-2031) & (K Units)
 Table 27. Global Power Steering System for Passenger Vehicle Revenue by Type (2020-2025) & (US$ Million)
 Table 28. Global Power Steering System for Passenger Vehicle Revenue by Type (2026-2031) & (US$ Million)
 Table 29. Global Power Steering System for Passenger Vehicle ASP by Type (2020-2031) & (US$/Unit)
 Table 30. Technical Specifications by Key Product Type
 Table 31. Global Power Steering System for Passenger Vehicle Sales by Application (2020-2025) & (K Units)
 Table 32. Global Power Steering System for Passenger Vehicle Sales by Application (2026-2031) & (K Units)
 Table 33. Power Steering System for Passenger Vehicle High-Growth Sectors Demand CAGR (2024-2031)
 Table 34. Global Power Steering System for Passenger Vehicle Revenue by Application (2020-2025) & (US$ Million)
 Table 35. Global Power Steering System for Passenger Vehicle Revenue by Application (2026-2031) & (US$ Million)
 Table 36. Global Power Steering System for Passenger Vehicle ASP by Application (2020-2031) & (US$/Unit)
 Table 37. Top Customers by Region
 Table 38. Top Customers by Application
 Table 39. North America Power Steering System for Passenger Vehicle Growth Accelerators and Market Barriers
 Table 40. North America Power Steering System for Passenger Vehicle Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
 Table 41. North America Power Steering System for Passenger Vehicle Sales (K Units) by Country (2020 VS 2024 VS 2031)
 Table 42. Europe Power Steering System for Passenger Vehicle Growth Accelerators and Market Barriers
 Table 43. Europe Power Steering System for Passenger Vehicle Revenue Grow Rate (CAGR) by Country: 2020 VS 2024 VS 2031 (US$ Million)
 Table 44. Europe Power Steering System for Passenger Vehicle Sales (K Units) by Country (2020 VS 2024 VS 2031)
 Table 45. Asia-Pacific Power Steering System for Passenger Vehicle Revenue Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Table 46. Asia-Pacific Power Steering System for Passenger Vehicle Sales (K Units) by Country (2020 VS 2024 VS 2031)
 Table 47. Asia-Pacific Power Steering System for Passenger Vehicle Growth Accelerators and Market Barriers
 Table 48. Southeast Asia Power Steering System for Passenger Vehicle Revenue Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Table 49. Central and South America Power Steering System for Passenger Vehicle Investment Opportunities and Key Challenges
 Table 50. Central and South America Power Steering System for Passenger Vehicle Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
 Table 51. Middle East and Africa Power Steering System for Passenger Vehicle Investment Opportunities and Key Challenges
 Table 52. Middle East and Africa Power Steering System for Passenger Vehicle Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
 Table 53. JTEKT Corporation Information
 Table 54. JTEKT Description and Major Businesses
 Table 55. JTEKT Product Models, Descriptions and Specifications
 Table 56. JTEKT Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 57. JTEKT Sales Value Proportion by Product in 2024
 Table 58. JTEKT Sales Value Proportion by Application in 2024
 Table 59. JTEKT Sales Value Proportion by Geographic Area in 2024
 Table 60. JTEKT Power Steering System for Passenger Vehicle SWOT Analysis
 Table 61. JTEKT Recent Developments
 Table 62. Bosch Corporation Information
 Table 63. Bosch Description and Major Businesses
 Table 64. Bosch Product Models, Descriptions and Specifications
 Table 65. Bosch Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 66. Bosch Sales Value Proportion by Product in 2024
 Table 67. Bosch Sales Value Proportion by Application in 2024
 Table 68. Bosch Sales Value Proportion by Geographic Area in 2024
 Table 69. Bosch Power Steering System for Passenger Vehicle SWOT Analysis
 Table 70. Bosch Recent Developments
 Table 71. Nexteer Corporation Information
 Table 72. Nexteer Description and Major Businesses
 Table 73. Nexteer Product Models, Descriptions and Specifications
 Table 74. Nexteer Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 75. Nexteer Sales Value Proportion by Product in 2024
 Table 76. Nexteer Sales Value Proportion by Application in 2024
 Table 77. Nexteer Sales Value Proportion by Geographic Area in 2024
 Table 78. Nexteer Power Steering System for Passenger Vehicle SWOT Analysis
 Table 79. Nexteer Recent Developments
 Table 80. ZF Corporation Information
 Table 81. ZF Description and Major Businesses
 Table 82. ZF Product Models, Descriptions and Specifications
 Table 83. ZF Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 84. ZF Sales Value Proportion by Product in 2024
 Table 85. ZF Sales Value Proportion by Application in 2024
 Table 86. ZF Sales Value Proportion by Geographic Area in 2024
 Table 87. ZF Power Steering System for Passenger Vehicle SWOT Analysis
 Table 88. ZF Recent Developments
 Table 89. NSK Corporation Information
 Table 90. NSK Description and Major Businesses
 Table 91. NSK Product Models, Descriptions and Specifications
 Table 92. NSK Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 93. NSK Sales Value Proportion by Product in 2024
 Table 94. NSK Sales Value Proportion by Application in 2024
 Table 95. NSK Sales Value Proportion by Geographic Area in 2024
 Table 96. NSK Power Steering System for Passenger Vehicle SWOT Analysis
 Table 97. NSK Recent Developments
 Table 98. Mobis Corporation Information
 Table 99. Mobis Description and Major Businesses
 Table 100. Mobis Product Models, Descriptions and Specifications
 Table 101. Mobis Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 102. Mobis Recent Developments
 Table 103. Hitachi Astemo (Showa ) Corporation Information
 Table 104. Hitachi Astemo (Showa ) Description and Major Businesses
 Table 105. Hitachi Astemo (Showa ) Product Models, Descriptions and Specifications
 Table 106. Hitachi Astemo (Showa ) Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 107. Hitachi Astemo (Showa ) Recent Developments
 Table 108. Thyssenkrupp Corporation Information
 Table 109. Thyssenkrupp Description and Major Businesses
 Table 110. Thyssenkrupp Product Models, Descriptions and Specifications
 Table 111. Thyssenkrupp Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 112. Thyssenkrupp Recent Developments
 Table 113. Mando Corporation Information
 Table 114. Mando Description and Major Businesses
 Table 115. Mando Product Models, Descriptions and Specifications
 Table 116. Mando Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 117. Mando Recent Developments
 Table 118. CAAS Corporation Information
 Table 119. CAAS Description and Major Businesses
 Table 120. CAAS Product Models, Descriptions and Specifications
 Table 121. CAAS Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 122. CAAS Recent Developments
 Table 123. Zhejiang Shibao Corporation Information
 Table 124. Zhejiang Shibao Description and Major Businesses
 Table 125. Zhejiang Shibao Product Models, Descriptions and Specifications
 Table 126. Zhejiang Shibao Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 127. Zhejiang Shibao Recent Developments
 Table 128. YUBEI Steering System Corporation Information
 Table 129. YUBEI Steering System Description and Major Businesses
 Table 130. YUBEI Steering System Product Models, Descriptions and Specifications
 Table 131. YUBEI Steering System Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 132. YUBEI Steering System Recent Developments
 Table 133. Hubei Henglong Automotive System Group Corporation Information
 Table 134. Hubei Henglong Automotive System Group Description and Major Businesses
 Table 135. Hubei Henglong Automotive System Group Product Models, Descriptions and Specifications
 Table 136. Hubei Henglong Automotive System Group Capacity, Sales (K Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 137. Hubei Henglong Automotive System Group Recent Developments
 Table 138. Key Raw Materials Distribution
 Table 139. Raw Materials Key Suppliers
 Table 140. Critical Raw Material Supplier Concentration (2024) & Risk Index
 Table 141. Milestones in Production Technology Evolution
 Table 142. Distributors List
 Table 143. Market Trends and Market Evolution
 Table 144. Market Drivers and Opportunities
 Table 145. Market Challenges, Risks, and Restraints
 Table 146. Research Programs/Design for This Report
 Table 147. Key Data Information from Secondary Sources
 Table 148. Key Data Information from Primary Sources


List of Figures
 Figure 1. Power Steering System for Passenger Vehicle Product Picture
 Figure 2. Global Power Steering System for Passenger Vehicle Market Size Growth Rate by Type, 2020 VS 2024 VS 2031 (US$ Million)
 Figure 3. Electric Power Steering (EPS) Product Picture
 Figure 4. Hydraulic Power Steering (HPS) Product Picture
 Figure 5. Electronic Hydraulic Power Steering (EHPS) Product Picture
 Figure 6. Global Power Steering System for Passenger Vehicle Market Size Growth Rate by Application, 2020 VS 2024 VS 2031 (US$ Million)
 Figure 7. New Energy Passenger Vehicle
 Figure 8. Fuel Passenger Vehicle
 Figure 9. Power Steering System for Passenger Vehicle Report Years Considered
 Figure 10. Global Power Steering System for Passenger Vehicle Revenue, (US$ Million), 2020 VS 2024 VS 2031
 Figure 11. Global Power Steering System for Passenger Vehicle Revenue (2020-2031) & (US$ Million)
 Figure 12. Global Power Steering System for Passenger Vehicle Revenue (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Figure 13. Global Power Steering System for Passenger Vehicle Revenue Market Share by Region (2020-2031)
 Figure 14. Global Power Steering System for Passenger Vehicle Sales (2020-2031) & (K Units)
 Figure 15. Global Power Steering System for Passenger Vehicle Sales (CAGR) by Region (2020-2031) (K Units)
 Figure 16. Global Power Steering System for Passenger Vehicle Sales Market Share by Region (2020-2031)
 Figure 17. Global Power Steering System for Passenger Vehicle Capacity, Production and Utilization (2020-2031) & (K Units)
 Figure 18. Global Power Steering System for Passenger Vehicle Production Trend by Region (2020-2031) (K Units)
 Figure 19. Global Power Steering System for Passenger Vehicle Production Market Share by Region (2020-2031)
 Figure 20. Production Capacity Enablers & Constraints
 Figure 21. Power Steering System for Passenger Vehicle Production Growth Rate in North America (2020-2031) & (K Units)
 Figure 22. Power Steering System for Passenger Vehicle Production Growth Rate in Europe (2020-2031) & (K Units)
 Figure 23. Power Steering System for Passenger Vehicle Production Growth Rate in China (2020-2031) & (K Units)
 Figure 24. Power Steering System for Passenger Vehicle Production Growth Rate in Japan (2020-2031) & (K Units)
 Figure 25. Power Steering System for Passenger Vehicle Production Growth Rate in South Korea (2020-2031) & (K Units)
 Figure 26. Top 5 and Top 10 Manufacturers Power Steering System for Passenger Vehicle Sales Volume Market Share in 2024
 Figure 27. Global Power Steering System for Passenger Vehicle Revenue Market Share Ranking (2024)
 Figure 28. Tier Distribution by Revenue Contribution (2020 VS 2024)
 Figure 29. Electric Power Steering (EPS) Revenue Market Share by Manufacturer in 2024
 Figure 30. Hydraulic Power Steering (HPS) Revenue Market Share by Manufacturer in 2024
 Figure 31. Electronic Hydraulic Power Steering (EHPS) Revenue Market Share by Manufacturer in 2024
 Figure 32. Type Eight Revenue Market Share by Manufacturer in 2024
 Figure 33. Type Nine Revenue Market Share by Manufacturer in 2024
 Figure 34. Global Power Steering System for Passenger Vehicle Sales Market Share by Type (2020-2031)
 Figure 35. Global Power Steering System for Passenger Vehicle Revenue Market Share by Type (2020-2031)
 Figure 36. Global Power Steering System for Passenger Vehicle Sales Market Share by Application (2020-2031)
 Figure 37. Global Power Steering System for Passenger Vehicle Revenue Market Share by Application (2020-2031)
 Figure 38. North America Power Steering System for Passenger Vehicle Sales YoY (2020-2031) & (K Units)
 Figure 39. North America Power Steering System for Passenger Vehicle Revenue YoY (2020-2031) & (US$ Million)
 Figure 40. North America Top 5 Manufacturers Power Steering System for Passenger Vehicle Sales Revenue (US$ Million) in 2024
 Figure 41. North America Power Steering System for Passenger Vehicle Sales Volume (K Units) by Type (2020- 2031)
 Figure 42. North America Power Steering System for Passenger Vehicle Sales Revenue (US$ Million) by Type (2020 - 2031)
 Figure 43. North America Power Steering System for Passenger Vehicle Sales Volume (K Units) by Application (2020-2031)
 Figure 44. North America Power Steering System for Passenger Vehicle Sales Revenue (US$ Million) by Application (2020-2031)
 Figure 45. US Power Steering System for Passenger Vehicle Revenue (2020-2031) & (US$ Million)
 Figure 46. Canada Power Steering System for Passenger Vehicle Revenue (2020-2031) & (US$ Million)
 Figure 47. Mexico Power Steering System for Passenger Vehicle Revenue (2020-2031) & (US$ Million)
 Figure 48. Europe Power Steering System for Passenger Vehicle Sales YoY (2020-2031) & (K Units)
 Figure 49. Europe Power Steering System for Passenger Vehicle Revenue YoY (2020-2031) & (US$ Million)
 Figure 50. Europe Top 5 Manufacturers Power Steering System for Passenger Vehicle Sales Revenue (US$ Million) in 2024
 Figure 51. Europe Power Steering System for Passenger Vehicle Sales Volume (K Units) by Type (2020-2031)
 Figure 52. Europe Power Steering System for Passenger Vehicle Sales Revenue (US$ Million) by Type (2020-2031)
 Figure 53. Europe Power Steering System for Passenger Vehicle Sales Volume (K Units) by Application (2020-2031)
 Figure 54. Europe Power Steering System for Passenger Vehicle Sales Revenue (US$ Million) by Application (2020-2031)
 Figure 55. Germany Power Steering System for Passenger Vehicle Revenue (2020-2031) & (US$ Million)
 Figure 56. France Power Steering System for Passenger Vehicle Revenue (2020-2031) & (US$ Million)
 Figure 57. U.K. Power Steering System for Passenger Vehicle Revenue (2020-2031) & (US$ Million)
 Figure 58. Italy Power Steering System for Passenger Vehicle Revenue (2020-2031) & (US$ Million)
 Figure 59. Russia Power Steering System for Passenger Vehicle Revenue (2020-2031) & (US$ Million)
 Figure 60. Asia-Pacific Power Steering System for Passenger Vehicle Sales YoY (2020-2031) & (K Units)
 Figure 61. Asia-Pacific Power Steering System for Passenger Vehicle Revenue YoY (2020-2031) & (US$ Million)
 Figure 62. Asia-Pacific Top 8 Manufacturers Power Steering System for Passenger Vehicle Sales Revenue (US$ Million) in 2024
 Figure 63. Asia-Pacific Power Steering System for Passenger Vehicle Sales Volume (K Units) by Type (2020- 2031)
 Figure 64. Asia-Pacific Power Steering System for Passenger Vehicle Sales Revenue (US$ Million) by Type (2020- 2031)
 Figure 65. Asia-Pacific Power Steering System for Passenger Vehicle Sales Volume (K Units) by Application (2020-2031)
 Figure 66. Asia-Pacific Power Steering System for Passenger Vehicle Sales Revenue (US$ Million) by Application (2020-2031)
 Figure 67. Indonesia Power Steering System for Passenger Vehicle Revenue (2020-2031) & (US$ Million)
 Figure 68. Japan Power Steering System for Passenger Vehicle Revenue (2020-2031) & (US$ Million)
 Figure 69. South Korea Power Steering System for Passenger Vehicle Revenue (2020-2031) & (US$ Million)
 Figure 70. China Taiwan Power Steering System for Passenger Vehicle Revenue (2020-2031) & (US$ Million)
 Figure 71. India Power Steering System for Passenger Vehicle Revenue (2020-2031) & (US$ Million)
 Figure 72. Central and South America Power Steering System for Passenger Vehicle Sales YoY (2020-2031) & (K Units)
 Figure 73. Central and South America Power Steering System for Passenger Vehicle Revenue YoY (2020-2031) & (US$ Million)
 Figure 74. Central and South America Top 5 Manufacturers Power Steering System for Passenger Vehicle Sales Revenue (US$ Million) in 2024
 Figure 75. Central and South America Power Steering System for Passenger Vehicle Sales Volume (K Units) by Type (2021-2031)
 Figure 76. Central and South America Power Steering System for Passenger Vehicle Sales Revenue (US$ Million) by Type (2020-2031)
 Figure 77. Central and South America Power Steering System for Passenger Vehicle Sales Volume (K Units) by Application (2020-2031)
 Figure 78. Central and South America Power Steering System for Passenger Vehicle Sales Revenue (US$ Million) by Application (2020-2031)
 Figure 79. Brazil Power Steering System for Passenger Vehicle Revenue (2020-2025) & (US$ Million)
 Figure 80. Argentina Power Steering System for Passenger Vehicle Revenue (2020-2025) & (US$ Million)
 Figure 81. Middle East, and Africa Power Steering System for Passenger Vehicle Sales YoY (2020-2031) & (K Units)
 Figure 82. Middle East and Africa Power Steering System for Passenger Vehicle Revenue YoY (2020-2031) & (US$ Million)
 Figure 83. Middle East and Africa Top 5 Manufacturers Power Steering System for Passenger Vehicle Sales Revenue (US$ Million) in 2024
 Figure 84. Middle East and Africa Power Steering System for Passenger Vehicle Sales Volume (K Units) by Type (2021-2031)
 Figure 85. South America Power Steering System for Passenger Vehicle Sales Revenue (US$ Million) by Type (2020-2031)
 Figure 86. Middle East and Africa Power Steering System for Passenger Vehicle Sales Volume (K Units) by Application (2020-2031)
 Figure 87. Middle East and Africa Power Steering System for Passenger Vehicle Sales Revenue (US$ Million) by Application (2020-2031)
 Figure 88. GCC Countries Power Steering System for Passenger Vehicle Revenue (2020-2025) & (US$ Million)
 Figure 89. Turkey Power Steering System for Passenger Vehicle Revenue (2020-2025) & (US$ Million)
 Figure 90. Egypt Power Steering System for Passenger Vehicle Revenue (2020-2025) & (US$ Million)
 Figure 91. South Africa Power Steering System for Passenger Vehicle Revenue (2020-2025) & (US$ Million)
 Figure 92. Power Steering System for Passenger Vehicle Industry Chain Mapping
 Figure 93. Regional Power Steering System for Passenger Vehicle Manufacturing Base Distribution (%)
 Figure 94. Power Steering System for Passenger Vehicle Production Process
 Figure 95. Regional Power Steering System for Passenger Vehicle Production Cost Structure
 Figure 96. Channels of Distribution (Direct Vs Distribution)
 Figure 97. Bottom-up and Top-down Approaches for This Report
 Figure 98. Data Triangulation
 Figure 99. Key Executives Interviewed
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