Automotive Rack and Pinion Steering System

Automotive Rack and Pinion Steering System Market Outlook

The global automotive rack and pinion steering system market is poised to reach an estimated valuation of approximately USD 12 billion by 2035, reflecting a robust compound annual growth rate (CAGR) of around 6.5% during the forecast period of 2025 to 2035. This growth is primarily driven by advancements in automotive technology, which are leading to the increased implementation of more efficient and adaptive steering systems that enhance vehicle performance and safety. Furthermore, the rising consumer demand for electric and hybrid vehicles is propelling manufacturers to innovate and incorporate advanced steering technologies that align with modern automotive standards. The growing emphasis on fuel efficiency and sustainability is also urging automakers to adopt lighter materials and smarter design principles in steering components. Lastly, the robust expansion of the automotive industry in developing regions is expected to fuel market growth, offering significant opportunities for manufacturers and suppliers alike.

Growth Factor of the Market

The automotive rack and pinion steering system market is significantly influenced by several growth factors that contribute to its expansion. One of the primary drivers is the increasing focus on vehicle safety and performance. Advanced steering systems are crucial for ensuring precise vehicle handling, which is essential for consumer satisfaction and regulatory compliance. Another key factor is the rapid technological advancements in the automotive sector, leading to the introduction of innovative steering solutions such as electric and electro-hydraulic systems. These innovations not only enhance driving comfort but also improve fuel efficiency, thereby appealing to environmentally-conscious consumers. Additionally, the growing popularity of electric vehicles (EVs) and hybrid vehicles is creating a substantial demand for efficient and lightweight steering systems that can support the unique operational characteristics of these vehicles. Moreover, government regulations aimed at reducing vehicular emissions are prompting automakers to invest in research and development, further fueling the demand for advanced steering technologies.

Key Highlights of the Market

• The market is projected to grow at a CAGR of 6.5% from 2025 to 2035.
• Electric rack and pinion steering systems are gaining popularity due to their efficiency and performance benefits.
• Increased adoption of advanced driver-assistance systems (ADAS) is boosting the demand for innovative steering mechanisms.
• Geographically, Asia Pacific is expected to dominate the market, driven by the rapid growth of the automotive industry.
• Collaboration between automotive manufacturers and technology firms is fostering innovation in steering system solutions.

By Product Type

Electric Rack and Pinion Steering System:

Electric rack and pinion steering systems have emerged as a leading choice in the automotive market due to their precision and adaptability. These systems utilize electric motors to assist with steering, resulting in reduced effort for the driver and improved control over the vehicle. The absence of hydraulic fluid not only makes electric systems more environmentally friendly but also contributes to lower maintenance costs over the vehicle's lifespan. Additionally, electric systems can be easily integrated with other vehicle technologies, enhancing features such as lane-keeping assistance and adaptive steering. As automakers increasingly emphasize sustainability and efficiency, electric rack and pinion systems are expected to see significant growth in adoption across various vehicle segments.

Hydraulic Rack and Pinion Steering System:

Hydraulic rack and pinion steering systems have been a long-standing choice in the automotive industry, known for their robustness and reliability. These systems use hydraulic pressure generated by a pump to assist with steering, providing excellent feedback and responsiveness. This type of steering system is particularly favored in performance-oriented vehicles, where precise handling and road feel are crucial for driver engagement. Despite the emergence of electric systems, hydraulic rack and pinion steering remains relevant due to its proven performance in larger vehicles such as trucks and SUVs, where the added weight and load require the enhanced strength of hydraulic assistance. Advances in hydraulic technology continue to optimize performance while addressing efficiency concerns.

Mechanical Rack and Pinion Steering System:

Mechanical rack and pinion steering systems are traditional systems that utilize direct mechanical linkages to provide steering control without any assistance. While they may lack the advanced features and benefits of hydraulic and electric systems, mechanical systems are prized for their simplicity, reliability, and low cost. These systems require minimal maintenance and are often found in smaller vehicles or in applications where cost is a primary concern. As automakers strive to balance performance and affordability, mechanical rack and pinion systems continue to hold a place in the market, particularly in entry-level models and older vehicle designs.

Electro-hydraulic Rack and Pinion Steering System:

The electro-hydraulic rack and pinion steering system combines the benefits of both hydraulic and electric steering technologies. By using an electric motor to drive the hydraulic pump, this system offers improved fuel efficiency compared to traditional hydraulic systems while maintaining the responsive feel that drivers expect. Electro-hydraulic systems are often employed in luxury vehicles, where enhanced comfort and handling are paramount. This hybrid approach allows for variances in steering assistance based on driving conditions, offering a balance between performance and efficiency. As luxury and performance markets continue to grow, electro-hydraulic systems are likely to gain traction.

Electro-mechanical Rack and Pinion Steering System:

Electro-mechanical rack and pinion steering systems are at the forefront of steering technology, offering significant advantages in terms of efficiency and adaptability. These systems operate using an electric motor and a mechanical rack and pinion setup, allowing for precise control over the amount of steering assistance provided. This technology is particularly advantageous in applications such as autonomous vehicles and advanced driver-assistance systems (ADAS), where steering performance must be finely tuned to meet safety and handling requirements. The growing emphasis on electrification in the automotive industry positions electro-mechanical systems as a key component in future vehicle design, revolutionizing how vehicles respond to driver input.

By Application

Passenger Vehicles:

Passenger vehicles represent a significant segment of the automotive rack and pinion steering system market, driven by consumer demand for comfort, safety, and performance. As the automotive landscape shifts towards electric and hybrid vehicles, the need for advanced steering technologies that enhance driving experience is becoming paramount. Rack and pinion systems in this segment are increasingly integrated with features such as lane departure warning and other ADAS capabilities, creating enhanced safety and convenience for drivers. Additionally, the growing popularity of compact and mid-sized vehicles is pushing manufacturers to innovate and develop lightweight steering solutions that do not compromise performance. The demand for fuel-efficient vehicles further encourages the adoption of advanced steering systems designed to optimize energy consumption and minimize environmental impact.

Commercial Vehicles:

The commercial vehicles segment is characterized by a diverse range of applications, from delivery trucks to large buses. The need for durability and reliability in steering systems is paramount in this segment, as these vehicles often operate under demanding conditions. As such, both hydraulic and electric rack and pinion systems have found their place in commercial vehicles, providing the necessary strength and feedback required for heavy-duty applications. Increasingly stringent emissions regulations are also prompting commercial vehicle manufacturers to explore more energy-efficient steering solutions, including electro-hydraulic systems that can reduce the overall environmental footprint of their fleets. In this context, the market for rack and pinion steering systems in commercial vehicles is expected to expand steadily as manufacturers prioritize efficiency and performance.

Off-road Vehicles:

The off-road vehicle market, including SUVs and all-terrain vehicles, represents a unique application for rack and pinion steering systems. These vehicles require robust and reliable steering solutions that can handle rugged terrain and challenging driving conditions. Hydraulic rack and pinion systems are often preferred in this segment due to their superior handling and responsiveness under heavy loads and uneven surfaces. Additionally, advancements in suspension technologies are leading to the integration of advanced steering systems that enhance vehicle stability and maneuverability. As outdoor recreational activities gain popularity, the demand for off-road vehicles with capable steering systems is set to increase, driving further growth in this segment of the market.

Sports Vehicles:

Sports vehicles demand high-performance steering systems that deliver exceptional feedback and responsiveness. The automotive rack and pinion steering system market caters to this segment by providing advanced solutions that enhance driver engagement and control. Electro-mechanical and hydraulic systems are particularly well-suited for sports vehicles, as they enable precise steering input while maintaining stability at high speeds. The continuous evolution of performance standards in this segment drives manufacturers to invest in research and development, resulting in cutting-edge steering technologies that meet the needs of performance enthusiasts. As the sports car market continues to thrive, the demand for advanced rack and pinion systems that align with driver expectations will remain strong.

Others:

In addition to the primary vehicle categories, there exists a variety of other applications for rack and pinion steering systems. This includes specialty vehicles, agriculture machinery, and construction equipment, where customized steering solutions are often required. These applications demand unique features such as enhanced durability and reliability under specific conditions, leading to innovative designs that meet the demands of various industries. The market for rack and pinion steering systems in these other applications is expected to grow as manufacturers recognize the potential for tailored solutions that cater to niche markets. As technology continues to advance, the versatility of rack and pinion systems is set to expand, opening new avenues for market growth.

By Distribution Channel

OEMs:

The original equipment manufacturer (OEM) segment plays a pivotal role in the automotive rack and pinion steering system market, as OEMs are responsible for integrating these systems into new vehicles during production. OEM partnerships often lead to the development of proprietary technologies that enhance vehicle performance and safety. As manufacturers focus on improving the overall driving experience, the demand for innovative steering solutions from OEMs is expected to grow. Furthermore, the increasing trend of electrification in vehicles is prompting OEMs to invest in advanced steering technologies, further propelling market growth. Additionally, OEMs are responding to consumer preferences for vehicles equipped with the latest safety features, further driving the adoption of sophisticated rack and pinion steering systems.

Aftermarket:

The aftermarket segment for automotive rack and pinion steering systems consists of replacement parts and upgrades for existing vehicles. As vehicles age, the need for maintenance and replacement of steering components becomes essential, creating a steady demand in the aftermarket. This segment is characterized by a diverse range of options, from cost-effective replacements to performance upgrades. With the rising awareness of vehicle maintenance and safety, consumers are increasingly seeking high-quality aftermarket steering solutions to enhance their vehicle's performance. Additionally, the increasing popularity of automotive DIY culture is contributing to the growth of the aftermarket segment, as consumers actively seek out parts and upgrades for their vehicles. As the aftermarket continues to evolve, the demand for reliable, efficient, and innovative steering systems is poised for growth.

By Material Type

Aluminum:

Aluminum is increasingly being adopted as a preferred material in the production of rack and pinion steering systems due to its favorable properties, such as lightweight strength and corrosion resistance. The use of aluminum significantly reduces the overall weight of the steering assembly, which can enhance vehicle fuel efficiency and performance. Additionally, aluminum's excellent machinability allows for precision manufacturing, resulting in components that meet stringent quality standards. As the automotive industry shifts towards lighter and more sustainable materials, the demand for aluminum-based steering systems is expected to rise, fostering innovation in design and engineering.

Steel:

Steel remains a critical material in the manufacturing of rack and pinion steering systems, particularly in applications where strength and durability are paramount. Steel's inherent strength provides the necessary support for heavy-duty vehicles and performance-oriented applications. Although steel components may add some weight compared to aluminum, their resistance to wear and fatigue makes them a reliable choice for various vehicle types. The continued demand for robust steering systems in commercial and off-road vehicles ensures that steel will remain a significant material in the automotive rack and pinion steering system market. Furthermore, advancements in steel alloys are enabling manufacturers to improve performance characteristics while reducing weight.

Plastic:

Plastic is increasingly being used in automotive rack and pinion steering systems, particularly in non-load-bearing components. The lightweight nature of plastic contributes to overall vehicle efficiency, making it ideal for applications in electric vehicles where weight reduction is crucial. Additionally, plastic components can be manufactured with a high degree of precision and can often be produced at lower costs than their metal counterparts. However, the use of plastic is typically limited to specific applications within steering systems due to its performance limitations compared to metals. As automotive technology continues to advance, innovations in plastic materials may lead to broader applications in steering systems.

Others:

Other materials, such as composites and advanced alloys, are also making their way into the automotive rack and pinion steering system market. These materials are often selected for their unique properties, such as enhanced strength-to-weight ratios or improved resistance to environmental factors. The development of composite materials allows manufacturers to create steering components that meet rigorous performance standards while minimizing weight. As the automotive industry continues to innovate, the exploration of new materials is poised to transform traditional designs, paving the way for more efficient and effective steering systems that meet the needs of modern vehicles.

By Region

The regional landscape of the automotive rack and pinion steering system market reveals significant variations in growth and demand. North America, particularly the United States, is a prominent market driven by a robust automotive industry and increasing consumer preferences for advanced vehicles. The region is witnessing a shift towards electric and hybrid vehicles, leading to higher demand for innovative steering solutions. Furthermore, the presence of established manufacturers and a growing trend towards vehicle electrification are key factors contributing to market growth. The North American market is expected to maintain a steady CAGR of approximately 5% during the forecast period, reflecting the ongoing advancements in automotive technology.

In contrast, the Asia Pacific region is anticipated to witness the most rapid growth in the automotive rack and pinion steering system market, fueled by the burgeoning automotive sector in countries like China and India. With rising disposable incomes and a growing middle class, there is an increasing demand for passenger and commercial vehicles, driving the need for efficient steering solutions. Additionally, the government's focus on improving road infrastructure and reducing emissions is prompting manufacturers to invest in advanced steering technologies. The Asia Pacific market is projected to grow at a CAGR of around 7% during the forecast period, highlighting its significance in the global automotive landscape.

Opportunities

The automotive rack and pinion steering system market is rife with opportunities as manufacturers and suppliers seek to capitalize on emerging trends within the automotive industry. One of the most prominent opportunities lies in the growing demand for electric and hybrid vehicles. As consumers increasingly favor energy-efficient options, automakers are compelled to innovate and offer advanced steering solutions that align with these preferences. The integration of electric rack and pinion systems in EVs not only enhances performance but also supports the overall objectives of sustainability and reduced emissions, creating a significant growth avenue for market players. As technological advancements continue to unfold, companies that invest in research and development to create cutting-edge steering solutions stand poised to capture a larger market share.

Another opportunity exists in the realm of vehicle automation and advanced driver-assistance systems (ADAS). The ongoing evolution of automotive technology is driving the adoption of features such as lane-keeping assist, adaptive cruise control, and automated parking, which rely heavily on sophisticated steering systems. As these technologies become increasingly integrated into new vehicles, the demand for reliable and responsive rack and pinion steering systems will continue to surge. Manufacturers that develop compatible steering solutions designed for seamless integration with these advanced features can position themselves as leaders in the market. Additionally, the aftermarket segment presents an opportunity for growth, as consumers seek high-quality replacement parts and upgrades for their vehicles, driving demand for innovative steering solutions.

Threats

Despite the positive outlook for the automotive rack and pinion steering system market, several threats could impact its growth trajectory. One of the primary challenges is the intensifying competition among manufacturers, leading to price wars that could negatively affect profit margins. As more players enter the market and existing companies expand their product offerings, the increased competition may result in a race to the bottom, forcing companies to compromise on quality or innovation to remain competitive. Additionally, economic fluctuations, such as recessions or trade disputes, can affect consumer spending and overall automotive sales, further impacting the demand for steering systems. The fast-paced nature of technological advancements also poses a risk, as companies must continuously innovate to keep pace with evolving consumer preferences and regulatory requirements.

Another critical threat to the automotive rack and pinion steering system market is the rapid transition towards fully autonomous vehicles. While automation presents opportunities for growth, it also introduces uncertainty regarding the future demand for traditional steering systems. As autonomous vehicles become more mainstream, the need for conventional steering technologies may diminish, leading to a potential decrease in market size. Manufacturers must adapt to this shifting landscape by investing in research and development to create steering solutions specifically designed for autonomous vehicles. Additionally, the increasing emphasis on reducing vehicle weight for improved fuel efficiency may result in a preference for alternative steering technologies, putting pressure on traditional rack and pinion systems.

Competitor Outlook

• ZF Friedrichshafen AG
• Schaeffler AG
• JTEKT Corporation
• Thyssenkrupp AG
• NSK Ltd.
• Robert Bosch GmbH
• Delphi Technologies
• TRW Automotive Holdings Corp.
• Continental AG
• Idex Corporation
• GKN Automotive
• Hyundai Mobis
• NSK Steering Systems
• Meritor, Inc.
• ITT Inc.

The competitive landscape of the automotive rack and pinion steering system market is characterized by a dynamic mix of established players and emerging companies, all vying for market share in a rapidly evolving industry. Key players such as ZF Friedrichshafen AG and Schaeffler AG dominate the market, leveraging their extensive experience and innovation capabilities to develop advanced steering technologies that meet the demands of modern vehicles. These companies are continually investing in research and development to enhance product offerings and maintain their competitive edge. Moreover, strategic collaborations and partnerships between manufacturers and technology firms are becoming increasingly common as companies seek to combine expertise and accelerate innovation in steering solutions.

Another notable aspect of the competitive landscape is the growing emphasis on sustainability and environmental responsibility. Companies such as Robert Bosch GmbH and Delphi Technologies are leading the way in developing eco-friendly steering systems that minimize environmental impact while enhancing performance. These companies are actively exploring the use of lightweight materials, such as aluminum and composites, in their product designs, aligning with the automotive industry's shift towards electrification and sustainability. Additionally, the increasing demand for advanced driver-assistance systems (ADAS) is prompting competitors to focus on innovations that integrate seamlessly with these technologies, further driving competition.

Furthermore, the market is witnessing a surge in startups and smaller companies that are entering the automotive steering arena with innovative solutions tailored to niche applications. These companies are often more agile and able to respond quickly to changing consumer preferences and technological advancements, creating a competitive dynamic that challenges larger players. For instance, companies specializing in electric and autonomous vehicle technologies are emerging as strong contenders, offering cutting-edge steering systems that cater specifically to the needs of modern vehicles. As the automotive landscape continues to evolve, the competitive landscape of the rack and pinion steering system market will remain dynamic, necessitating continuous innovation and adaptation from all players involved.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 ITT Inc.
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 NSK Ltd.
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Hyundai Mobis
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Meritor, Inc.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Schaeffler AG
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Continental AG
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 GKN Automotive
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Thyssenkrupp AG
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Idex Corporation
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 JTEKT Corporation
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Robert Bosch GmbH
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Delphi Technologies
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 NSK Steering Systems
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 ZF Friedrichshafen AG
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 TRW Automotive Holdings Corp.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Automotive Rack and Pinion Steering System Market, By Application
    • 6.1.1 Passenger Vehicles
    • 6.1.2 Commercial Vehicles
    • 6.1.3 Off-road Vehicles
    • 6.1.4 Sports Vehicles
    • 6.1.5 Others
  • 6.2 Automotive Rack and Pinion Steering System Market, By Product Type
    • 6.2.1 Electric Rack and Pinion Steering System
    • 6.2.2 Hydraulic Rack and Pinion Steering System
    • 6.2.3 Mechanical Rack and Pinion Steering System
    • 6.2.4 Electro-hydraulic Rack and Pinion Steering System
    • 6.2.5 Electro-mechanical Rack and Pinion Steering System
  • 6.3 Automotive Rack and Pinion Steering System Market, By Material Type
    • 6.3.1 Aluminum
    • 6.3.2 Steel
    • 6.3.3 Plastic
    • 6.3.4 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Automotive Rack and Pinion Steering System Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Automotive Rack and Pinion Steering System market is categorized based on

By Product Type

• Electric Rack and Pinion Steering System
• Hydraulic Rack and Pinion Steering System
• Mechanical Rack and Pinion Steering System
• Electro-hydraulic Rack and Pinion Steering System
• Electro-mechanical Rack and Pinion Steering System

By Application

• Passenger Vehicles
• Commercial Vehicles
• Off-road Vehicles
• Sports Vehicles
• Others

By Material Type

• Aluminum
• Steel
• Plastic
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• ZF Friedrichshafen AG
• Schaeffler AG
• JTEKT Corporation
• Thyssenkrupp AG
• NSK Ltd.
• Robert Bosch GmbH
• Delphi Technologies
• TRW Automotive Holdings Corp.
• Continental AG
• Idex Corporation
• GKN Automotive
• Hyundai Mobis
• NSK Steering Systems
• Meritor, Inc.
• ITT Inc.