Automotive Power Steering Pump Market Size, Overview with Detailed Analysis, Competitive landscape, Forecast to 2028

Automotive Power Steering Pump Market: Overview

Automotive power steering pumps assist the moment of power steering system by applying the principle of fluid mechanics. Steering pumps also enhance the performance of steering as well as reduce the noise level of steering system, which is caused due to harsh turning of the vehicle. Generally, vane type pumps are used in the power steering system as they subsequently increase the pressure of transmitted pump by the utilizing vanes. Flexible hoses are used for transmitting the power of engine to steering pump through fluid medium. Tech giants are engaged in manufacturing of lightweight casing of automotive power steering pumps, in which the mechanism and controlling will be ecofriendly and energy efficient and consume less energy of engine and provide high turn ability to the vehicle. Manufacturers are also focusing on reducing the weight of pulley of steering pump. The pulley helps to provide dynamic balancing in the pump mechanism, owing to which it is considered as a major component of the steering pump.

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Automotive Power Steering Pump Market: Segmentation

The global automotive power steering pump market can segmented on the basis of product type, vehicle type and sales channel.

On the basis of product type, the global automotive power steering pump market is segmented as:

  • Vane automotive power steering pump
  • Roller automotive power steering pump
  • Slipper automotive power steering Pump

On the basis of vehicle type, the global automotive power steering pump market is segmented as:

  • LCV (Light Commercial Vehicle)
  • HCV (Heavy Commercial Vehicle)
  • PC (Passenger Car)
  • Sport Car
  • Others

On the basis of sales channel, the global automotive power steering pump market is segmented as:

  • OEM
  • Aftermarket

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Automotive Power Steering Pump Market: Regional Outlook

Asia Pacific is projected to be a dominant market in the global automotive power steering pump market owing to increasing production of conventional vehicles and passenger cars. Japan is expected to lead in the global automotive power steering pump market after China and India, due to increase in the domestic auto production over the last few years. North America is projected to grow at a noteworthy growth rate during the forecast period owing to increasing production of commercial vehicles. Western Europe is projected to grow at a significant CAGR owing to increasing production of power-assisted steering column. India is projected to grow with an utmost growth rate. The Middle East and Africa is projected to have sluggish growth as the consumers are shifting towards electric assist steering system and increasing the sales of luxurious vehicle, which have only electric motors in steering column for turning the vehicle.

Automotive Power Steering Pump Market: Key Participant

Examples of some of the key players in the global automatic power steering pump market are:

  • Robert Bosch GmbH
  • Nexteer Automotive
  • ZF Friedrichshafen AG
  • Melling
  • Hitachi Automotive Systems, Ltd.
  • JTEKT Corporation
  • Rapid Precision Engineering
  • Quanxing Machining Group Co., Ltd.
  • GKN plc.
  • Maval Industries
  • Automation Tooling Systems Inc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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