
The global automotive steering systems market is considered as a highly competitive and fragmented in nature with a large number of players operating in it, stated a new market research study by Transparency Market Research. The key players in the market are focusing on the research and development activities, which is likely to offer potential growth opportunities for the market players in the coming years. In addition to this, the expansion of the product portfolio and the advancements in this field is projected to encourage the growth of the global automotive steering systems market in the next few years. Some of the major players operating in the market across the globe are Sona Koyo Steering Systems Ltd (India), China Automotive Systems Inc. (China), JTEKT Corporation (Japan), ZF Friedrichshafen Manufacturing Company (Germany), Mitsubishi Electric Corporation (Japan), Robert Bosch Automotive Steering GmbH (Germany), Nexteer Automotive (U.S.), ThyssenKrupp Presta AG Aktiengesellschaft (U.S.), TRW Automotive Holdings (U.S.), and Hyundai Mobis Co. Ltd (South Korea).