Japan Automotive Steering Market Research Report, 2029

The Japan Automotive Steering market is projected to grow at a CAGR of over 4.57% from 2024 to 2029, driven by the rise of autonomous vehicles.

The automotive market in Japan is renowned globally for its innovation, quality, and technological prowess. With a rich history dating back over a century, Japan has established itself as one of the leading producers and exporters of automobiles, setting high standards for efficiency, reliability, and safety. The roots of Japan's automotive industry can be traced back to the early 20th century when several domestic manufacturers began producing automobiles. However, it was after World War II that Japan's automotive sector experienced significant growth and transformation. The post-war period saw the emergence of iconic Japanese automakers such as Toyota, Nissan, Honda, and Mazda, who played pivotal roles in shaping the industry's trajectory through innovation, mass production techniques, and a focus on quality and efficiency. The Japanese automotive industry is characterized by a handful of major automakers, often referred to as the "Big Three" - Toyota, Nissan, and Honda. These companies, along with other prominent manufacturers like Mazda, Subaru, and Mitsubishi, dominate both the domestic and international automotive markets. Japan is also home to a robust ecosystem of suppliers, research institutions, and technology firms that support the industry's innovation and competitiveness. The roots of Japan's automotive industry can be traced back to the early 20th century when several domestic manufacturers began producing automobiles. The post-war period saw the emergence of iconic Japanese automakers such as Toyota, Nissan, Honda, and Mazda, who played pivotal roles in shaping the industry's trajectory through innovation, mass production techniques, and a focus on quality and efficiency. Companies like Toyota have been at the forefront of hybrid vehicle development with models like the Prius, while Nissan has made significant strides in electric vehicle technology with its Leaf model. Japanese automakers are also pioneers in safety innovations, with features such as collision avoidance systems, pedestrian detection, and adaptive cruise control becoming standard in many vehicles. Japan's automotive industry has enjoyed considerable success, it also faces challenges such as an aging population, shrinking domestic market, and increasing competition from emerging economies. Industry is adapting by investing in new technologies, expanding into emerging markets, and exploring partnerships and collaborations with other players in the global automotive ecosystem. Japan's expertise in areas such as electrification, connectivity, and mobility services positions it well to capitalize on future opportunities in the rapidly evolving automotive landscape. ISO 9001 for quality management systems and ISO 26262 for functional safety, these certifications indicate a commitment to high-quality manufacturing processes and adherence to safety standards, which are crucial aspects of automotive steering system development and production. According to the research report "Japan Automotive Steering Market Research Report, 2029," published by Actual Market Research, the Japan Automotive Steering market is anticipated to grow at more than 4.57% CAGR from 2024 to 2029. With increasing concerns about environmental sustainability, there is a growing demand for eco-friendly vehicles with efficient steering systems. Japanese automakers are investing in electric and hybrid vehicles, driving the demand for electric power steering (EPS) systems that contribute to improved fuel efficiency and reduced emissions. By developing environmentally friendly steering solutions, Japanese manufacturers can align with global sustainability trends and meet the evolving needs of consumers. Advanced steering technologies not only improve vehicle performance and safety but also enhance the overall driving experience. Japanese automakers focus on providing a comfortable, responsive, and enjoyable driving experience, which drives consumer demand and fosters brand loyalty. Integrated Vehicle Dynamics Control Systems represent yet another leap forward in automotive engineering, seamlessly integrating steering, braking, and suspension control. These systems optimize vehicle dynamics and stability, especially during challenging maneuvers such as cornering and emergency braking. By coordinating various aspects of vehicle control, they enhance handling precision and overall driving experience. Integrated vehicle dynamics control systems can be tailored to individual driving preferences or prevailing road conditions, offering selectable driving modes that adjust steering response and vehicle characteristics accordingly. In essence, these technological innovations are not merely about enhancing steering mechanisms; they symbolize a broader commitment to advancing automotive engineering in Japan. By prioritizing efficiency, safety, and driver experience, these advancements pave the way for a future where vehicles are not just means of transportation but sophisticated companions that offer unparalleled performance and peace of mind on the road. Integrated Vehicle Dynamics Control Systems represent yet another leap forward in automotive engineering, seamlessly integrating steering, braking, and suspension control. These systems optimize vehicle dynamics and stability, especially during challenging maneuvers such as cornering and emergency braking. By coordinating various aspects of vehicle control, they enhance handling precision and overall driving experience. Integrated vehicle dynamics control systems can be tailored to individual driving preferences or prevailing road conditions, offering selectable driving modes that adjust steering response and vehicle characteristics accordingly. In essence, these technological innovations are not merely about enhancing steering mechanisms; they symbolize a broader commitment to advancing automotive engineering in Japan. Japan is at the forefront of electric and autonomous vehicle development. Electric and autonomous vehicles often rely on advanced steering technologies such as Steer-by-Wire and Integrated Vehicle Dynamics Control Systems to optimize performance and facilitate autonomous driving functionalities. As the demand for electric and autonomous vehicles grows, so does the demand for advanced steering systems, fueling market growth. Japanese automotive manufacturers and suppliers continuously invest in research and development to stay ahead in the global automotive market. This investment fosters innovation in steering technology, leading to the introduction of cutting-edge products and solutions that cater to evolving consumer demands and preferences.

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In Japan, the automotive steering market encompasses a diverse range of technologies catering to varying consumer preferences and industry demands. One significant segment within this market is manual steering, which traditionally relies on mechanical linkages between the steering wheel and the wheels. While manual steering systems offer simplicity and reliability, they are gradually being supplanted by more advanced alternatives due to their limitations in terms of steering effort and maneuverability, particularly at low speeds. Conversely, the power steering market in Japan has witnessed substantial growth and innovation over the years, driven by advancements in technology and consumer demand for enhanced driving comfort and convenience. Electric Power Steering (EPS) has emerged as a leading solution, replacing traditional hydraulic power steering systems with electrically assisted alternatives. EPS systems utilize sensors and an electric motor to provide variable steering assistance based on driving conditions, resulting in smoother steering control and improved fuel efficiency. Moreover, EPS can seamlessly integrate with advanced driver assistance systems (ADAS), enhancing vehicle safety through features like lane-keeping assist and automated parking. Japan's automotive steering market is also witnessing the emergence of cutting-edge technologies such as Steer-by-Wire and Integrated Vehicle Dynamics Control Systems. Steer-by-Wire technology eliminates mechanical linkages altogether, replacing them with electronic signals for steering control. This innovation offers design flexibility and customizable steering characteristics while reducing vehicle weight and enhancing safety through redundant electronic controls. Integrated Vehicle Dynamics Control Systems integrate steering, braking, and suspension control to optimize vehicle dynamics and stability, providing superior handling and safety performance, especially during challenging maneuvers. Apart from these primary segments, niche markets for specialized steering systems catering to specific vehicle types or applications are also emerging in Japan. These include steer-by-wire systems tailored for electric and autonomous vehicles, as well as high-performance steering solutions designed for sports cars and racing applications. These niche markets highlight Japan's commitment to innovation and customization in the automotive sector, catering to diverse consumer needs and driving the continual evolution of steering technology in the region. Sedans are one of the most popular types of passenger vehicles in Japan. They typically have a three-box configuration with separate compartments for the engine, passenger cabin, and cargo. Sedans vary in size from compact to full-size, offering options for individuals, families, and business users. SUVs have gained popularity in recent years due to their versatile design, which combines elements of passenger cars and off-road vehicles. They offer spacious interiors, elevated seating positions, and often come with all-wheel-drive capabilities, making them suitable for various driving conditions. Minivans are designed to accommodate larger families or groups, offering ample seating capacity and generous cargo space. They typically feature sliding rear doors for easy access to the passenger cabin and are equipped with amenities such as configurable seating arrangements and entertainment systems. Passenger vans, also known as people movers or minibus, are designed to transport passengers in comfort and safety. They offer multiple seating configurations to accommodate varying passenger capacities, making them suitable for shuttle services, tourism, and group transportation. Commercial vehicles often require robust steering systems capable of handling heavy loads and frequent use. These steering systems are designed to provide stability, precision, and durability under various operating conditions. Power steering systems are almost ubiquitous in commercial vehicles to assist drivers in maneuvering large, heavy vehicles with ease, especially during low-speed maneuvers or when carrying heavy loads. Off-road vehicles require steering systems that are rugged and resilient to withstand the harsh conditions encountered off-road, including impacts from rocks, mud, water, and uneven terrain. Off-road vehicles often feature higher ground clearance to navigate obstacles, which may necessitate modifications to the steering geometry to maintain stability and control. Many off-road vehicles are equipped with 4WD systems, which may require specialized steering systems to accommodate the additional components and provide seamless engagement and disengagement of the drivetrain. Off-road vehicles may be customized or equipped with aftermarket steering components to enhance performance, such as reinforced steering linkages, hydraulic-assist steering, or upgraded steering dampers. In the automotive steering market in Japan, the steering system comprises several intricate components that work harmoniously to ensure precise and responsive control of the vehicle. At the core of this system is the steering column, a robust structural element that connects the steering wheel to the steering gear assembly. Within the steering column reside crucial components such as the steering shaft, universal joints, and the steering lock mechanism. The steering shaft acts as the conduit for transmitting the driver's rotational input from the steering wheel to the steering gear, allowing for directional control. Universal joints provide flexibility, accommodating variations in steering angle and vehicle movement, ensuring smooth operation. Additionally, the steering lock mechanism serves as a vital safety feature, preventing unauthorized use of the vehicle by immobilizing the steering wheel when the vehicle is parked. Moving to the steering gear assembly, it plays a pivotal role in translating the rotational input from the steering column into lateral movement that turns the vehicle's wheels. This assembly typically consists of a steering rack and pinion gear system. The steering rack, a toothed bar, meshes with the pinion gear mounted on the steering shaft. As the driver turns the steering wheel, the rotational motion is transmitted to the pinion gear, initiating linear movement of the steering rack. This movement, in turn, steers the wheels left or right, enabling precise control over the vehicle's direction. In modern power steering systems, hydraulic or electric assist mechanisms are integrated into the steering gear assembly to provide additional steering assistance, reducing the effort required by the driver to maneuver the vehicle effortlessly. Completing the ensemble is the steering wheel, the primary interface between the driver and the vehicle's steering system. Beyond its ergonomic design and tactile feel, the steering wheel incorporates essential components facilitating control and comfort. In essence, each component within the steering system contributes to the overall functionality, safety, and driving experience, reflecting the commitment to precision engineering and innovation pervasive in the Japanese automotive market.

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Kripa Shah

Kripa Shah

Senior Analyst

Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Automotive Steering market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Type of Steering System • Manual Steering • Power Steering (Hydraulic Power Steering, Electric Power Steering) • Others(Variable Gear Ratio Steering,Rack and Pinion Steering, Recirculating Ball Steering) By Vehicle Type • Passenger Vehicles (Cars, SUVs, Vans) • Commercial Vehicles (Trucks, Buses) • Off-road Vehicles (ATVs, UTVs, Dirt Bikes) By Component • Steering Column • Steering Wheel • Steering Gear • Steering Pump • Steering Sensor • Others By End Use • OEMs (Original Equipment Manufacturers) • Aftermarket The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

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Kripa Shah

Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the automotive steering industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Market Structure
  • 2.1. Market Considerate
  • 2.2. Assumptions
  • 2.3. Limitations
  • 2.4. Abbreviations
  • 2.5. Sources
  • 2.6. Definitions
  • 2.7. Geography
  • 3. Research Methodology
  • 3.1. Secondary Research
  • 3.2. Primary Data Collection
  • 3.3. Market Formation & Validation
  • 3.4. Report Writing, Quality Check & Delivery
  • 4. Japan Macro Economic Indicators
  • 5. Market Dynamics
  • 5.1. Market Drivers & Opportunities
  • 5.2. Market Restraints & Challenges
  • 5.3. Market Trends
  • 5.3.1. XXXX
  • 5.3.2. XXXX
  • 5.3.3. XXXX
  • 5.3.4. XXXX
  • 5.3.5. XXXX
  • 5.4. Covid-19 Effect
  • 5.5. Supply chain Analysis
  • 5.6. Policy & Regulatory Framework
  • 5.7. Industry Experts Views
  • 6. Japan Automotive Steering Market Overview
  • 6.1. Market Size By Value
  • 6.2. Market Size and Forecast, By Type of Steering System
  • 6.3. Market Size and Forecast, By Vehicle Type
  • 6.4. Market Size and Forecast, By Component
  • 7. Japan Automotive Steering Market Segmentations
  • 7.1. Japan Automotive Steering Market, By Type of Steering System
  • 7.1.1. Japan Automotive Steering Market Size, By Manual Steering, 2018-2029
  • 7.1.2. Japan Automotive Steering Market Size, By Power Steering , 2018-2029
  • 7.1.3. Japan Automotive Steering Market Size, By Others, 2018-2029
  • 7.2. Japan Automotive Steering Market, By Vehicle Type
  • 7.2.1. Japan Automotive Steering Market Size, By Passenger Vehicles, 2018-2029
  • 7.2.2. Japan Automotive Steering Market Size, By Commercial Vehicles, 2018-2029
  • 7.2.3. Japan Automotive Steering Market Size, By Off-road Vehicles, 2018-2029
  • 7.3. Japan Automotive Steering Market, By Component
  • 7.3.1. Japan Automotive Steering Market Size, By Steering Column, 2018-2029
  • 7.3.2. Japan Automotive Steering Market Size, By Steering Wheel, 2018-2029
  • 7.3.3. Japan Automotive Steering Market Size, By Steering Gear, 2018-2029
  • 7.3.4. Japan Automotive Steering Market Size, By Steering Pump, 2018-2029
  • 7.3.5. Japan Automotive Steering Market Size, By Steering Sensor, 2018-2029
  • 7.3.6. Japan Automotive Steering Market Size, By Others, 2018-2029
  • 8. Japan Automotive Steering Market Opportunity Assessment
  • 8.1. By Type of Steering System, 2024 to 2029
  • 8.2. By Vehicle Type, 2024 to 2029
  • 8.3. By Component, 2024 to 2029
  • 9. Competitive Landscape
  • 9.1. Porter's Five Forces
  • 9.2. Company Profile
  • 9.2.1. Company 1
  • 9.2.1.1. Company Snapshot
  • 9.2.1.2. Company Overview
  • 9.2.1.3. Financial Highlights
  • 9.2.1.4. Geographic Insights
  • 9.2.1.5. Business Segment & Performance
  • 9.2.1.6. Product Portfolio
  • 9.2.1.7. Key Executives
  • 9.2.1.8. Strategic Moves & Developments
  • 9.2.2. Company 2
  • 9.2.3. Company 3
  • 9.2.4. Company 4
  • 9.2.5. Company 5
  • 9.2.6. Company 6
  • 9.2.7. Company 7
  • 9.2.8. Company 8
  • 10. Strategic Recommendations
  • 11. Disclaimer
  • ?
  • ?

List of Tables

Table 1: Influencing Factors for Automotive Steering Market, 2023
Table 2: Japan Automotive Steering Market Size and Forecast, By Type of Steering System (2018 to 2029F) (In USD Million)
Table 3: Japan Automotive Steering Market Size and Forecast, By Vehicle Type (2018 to 2029F) (In USD Million)
Table 4: Japan Automotive Steering Market Size and Forecast, By Component (2018 to 2029F) (In USD Million)
Table 5: Japan Automotive Steering Market Size of Manual Steering (2018 to 2029) in USD Million
Table 6: Japan Automotive Steering Market Size of Power Steering (2018 to 2029) in USD Million
Table 7: Japan Automotive Steering Market Size of Others (2018 to 2029) in USD Million
Table 8: Japan Automotive Steering Market Size of Passenger Vehicles (2018 to 2029) in USD Million
Table 9: Japan Automotive Steering Market Size of Commercial Vehicles (2018 to 2029) in USD Million
Table 10: Japan Automotive Steering Market Size of Off-road Vehicles (2018 to 2029) in USD Million
Table 11: Japan Automotive Steering Market Size of Steering Column (2018 to 2029) in USD Million
Table 12: Japan Automotive Steering Market Size of Steering Wheel (2018 to 2029) in USD Million
Table 13: Japan Automotive Steering Market Size of Steering Gear (2018 to 2029) in USD Million
Table 14: Japan Automotive Steering Market Size of Steering Pump (2018 to 2029) in USD Million
Table 15: Japan Automotive Steering Market Size of Steering Sensor (2018 to 2029) in USD Million
Table 16: Japan Automotive Steering Market Size of Others (2018 to 2029) in USD Million

List of Figures

Figure 1: Japan Automotive Steering Market Size By Value (2018, 2023 & 2029F) (in USD Million)
Figure 2: Market Attractiveness Index, By Type of Steering System
Figure 3: Market Attractiveness Index, By Vehicle Type
Figure 4: Market Attractiveness Index, By Component
Figure 5: Porter's Five Forces of Japan Automotive Steering Market
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Japan Automotive Steering Market Research Report, 2029

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