Automotive & Mobility Components · Direct
Monitoring · monthlyProcurement Category Intelligence
Steering Components
Overview
Market size
$48.0B
global, USD
CAGR
4.2%
base to forecast
Buyer power
-2.6
supplier-favoured
Suppliers
6
tracked players
Signals
12
monitored
Market outlook
2031$59.0B
What changed
Demand by region
Asia Pacific demand45%
Europe demand25%
North America demand20%
Rest of world demand10%
share of global demandtotal 100%
Cost drivers
Steel and Forged Components35%
Aluminum and Die Castings25%
Electronics and Sensors20%
Labor and Assembly15%
Logistics and Packaging5%
share of delivered cost (analyst estimate)