Forecast of Global Automotive Steering Systems Market 2023

The worldwide market for Automotive Steering Systems is expected to grow at a CAGR of roughly 2.8% over the next five years, will reach 38400 million US$ in 2023, from 32500 million US$ in 2017, according to a new study. Automotive Steering Systems refers to a series of devices used to change or maintain the direction of the vehicle; its function is to control the direction according to the driver’s aim. Automotive steering system is one of the most basic systems of the vehicle.