Singapore Automotive Steering System Market (2025-2031) Outlook | Size, Analysis, Companies, Revenue, Forecast, Value, Growth, Share, Industry & Trends
Market Forecast By Technology (HPS, EHPS, EPS), By EPS Type (R-EPS, C-EPS, P-EPS), By Pinion (Single, Dual), By Type (Electric Power Steering (EPS), Hydraulic Power Steering (HPS), Electro-Hydraulic Power Steering (EHPS), Manual Steering), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles) And Competitive Landscape
| Product Code: ETC4576408 | Publication Date: Jul 2023 | Updated Date: Sep 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
Singapore Automotive Steering System Market Overview
The Singapore automotive steering system market plays a pivotal role in the country`s automotive industry. Steering systems are essential components of vehicles, influencing both safety and driver experience. The market comprises various types of steering systems, including hydraulic, electric power steering, and more. With a growing automotive industry and a focus on technological advancement, Singapore automotive steering system market is expected to witness steady growth. The adoption of electric power steering systems is likely to increase due to their efficiency and integration with autonomous driving features.
Drivers of the Market
The primary driver of the automotive steering system market in Singapore is the increasing demand for advanced safety and driver-assist technologies. As road traffic continues to rise, there`s a growing focus on improving vehicle handling and stability. Manufacturers are integrating electric power steering systems that offer improved control and fuel efficiency. Additionally, the push towards autonomous vehicles relies heavily on advanced steering systems for precise navigation and collision avoidance.
Challenges of the Market
Challenges in the Singapore Automotive Steering System Market include the development of steering systems that meet the demand for advanced driver-assist features and autonomous driving. The market must address the integration of electric power steering (EPS) and steer-by-wire systems that rely on electronic controls. Additionally, the market needs to ensure the safety and reliability of steering components in all driving conditions.
Covid-19 impact of the Market
The Singapore automotive steering system market experienced changes due to the COVID-19 pandemic. While there were disruptions in automotive supply chains and manufacturing, steering systems remained essential for vehicle control and safety. As the automotive industry adapted to pandemic-related challenges, the market is expected to recover and grow, driven by the ongoing need for reliable and advanced steering technologies.
Leading Players of the Market
Steering systems are critical for vehicle control and safety. Key players in the Singapore automotive steering system market include TRW Automotive, JTEKT Corporation, and Nexteer Automotive. These companies are leaders in producing steering systems that ensure precise control and safety in vehicles.
Key Highlights of the Report:
- Singapore Automotive Steering System Market Outlook
- Market Size of Singapore Automotive Steering System Market, 2024
- Forecast of Singapore Automotive Steering System Market, 2031
- Historical Data and Forecast of Singapore Automotive Steering System Revenues & Volume for the Period 2021-2031
- Singapore Automotive Steering System Market Trend Evolution
- Singapore Automotive Steering System Market Drivers and Challenges
- Singapore Automotive Steering System Price Trends
- Singapore Automotive Steering System Porter's Five Forces
- Singapore Automotive Steering System Industry Life Cycle
- Historical Data and Forecast of Singapore Automotive Steering System Market Revenues & Volume By Technology for the Period 2021-2031
- Historical Data and Forecast of Singapore Automotive Steering System Market Revenues & Volume By HPS for the Period 2021-2031
- Historical Data and Forecast of Singapore Automotive Steering System Market Revenues & Volume By EHPS for the Period 2021-2031
- Historical Data and Forecast of Singapore Automotive Steering System Market Revenues & Volume By EPS for the Period 2021-2031
- Historical Data and Forecast of Singapore Automotive Steering System Market Revenues & Volume By EPS Type for the Period 2021-2031
- Historical Data and Forecast of Singapore Automotive Steering System Market Revenues & Volume By R-EPS for the Period 2021-2031
- Historical Data and Forecast of Singapore Automotive Steering System Market Revenues & Volume By C-EPS for the Period 2021-2031
- Historical Data and Forecast of Singapore Automotive Steering System Market Revenues & Volume By P-EPS for the Period 2021-2031
- Historical Data and Forecast of Singapore Automotive Steering System Market Revenues & Volume By Pinion for the Period 2021-2031
- Historical Data and Forecast of Singapore Automotive Steering System Market Revenues & Volume By Single for the Period 2021-2031
- Historical Data and Forecast of Singapore Automotive Steering System Market Revenues & Volume By Dual for the Period 2021-2031
- Historical Data and Forecast of Singapore Automotive Steering System Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of Singapore Automotive Steering System Market Revenues & Volume By Electric Power Steering (EPS) for the Period 2021-2031
- Historical Data and Forecast of Singapore Automotive Steering System Market Revenues & Volume By Hydraulic Power Steering (HPS) for the Period 2021-2031
- Historical Data and Forecast of Singapore Automotive Steering System Market Revenues & Volume By Electro-Hydraulic Power Steering (EHPS) for the Period 2021-2031
- Historical Data and Forecast of Singapore Automotive Steering System Market Revenues & Volume By Manual Steering for the Period 2021-2031
- Historical Data and Forecast of Singapore Automotive Steering System Market Revenues & Volume By Vehicle Type for the Period 2021-2031
- Historical Data and Forecast of Singapore Automotive Steering System Market Revenues & Volume By Passenger Cars for the Period 2021-2031
- Historical Data and Forecast of Singapore Automotive Steering System Market Revenues & Volume By Light Commercial Vehicles for the Period 2021-2031
- Historical Data and Forecast of Singapore Automotive Steering System Market Revenues & Volume By Heavy Commercial Vehicles for the Period 2021-2031
- Singapore Automotive Steering System Import Export Trade Statistics
- Market Opportunity Assessment By Technology
- Market Opportunity Assessment By EPS Type
- Market Opportunity Assessment By Pinion
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Vehicle Type
- Singapore Automotive Steering System Top Companies Market Share
- Singapore Automotive Steering System Competitive Benchmarking By Technical and Operational Parameters
- Singapore Automotive Steering System Company Profiles
- Singapore Automotive Steering System Key Strategic Recommendations
What is the scope of the Singapore automotive steering system market?
The Singapore automotive steering system market encompasses the demand and supply of steering systems for vehicles within the country. This includes various types of steering systems such as electric power steering (EPS) and hydraulic power steering (HPS) used by automotive manufacturers like Toyota, Honda, and BMW in their vehicles sold in Singapore.
Companies like Bosch, ZF Friedrichshafen, and JTEKT Corporation are actively investing in developing advanced steering technologies such as electric power steering systems and steer-by-wire systems. This presents opportunities for new players or investors to enter the market with innovative solutions that cater to the growing demand for improved driving experience and safety features.
The growth of the Singapore automotive steering system market is driven by factors such as the increasing demand for electric vehicles (EVs) in the country. Companies like Tesla and Nissan have introduced EV models in Singapore, leading to a rising need for advanced steering systems to support these vehicles' unique requirements. Additionally, the government's push towards sustainability and the development of autonomous driving technologies are also fueling the growth of the market.
The increasing focus on advanced driver assistance systems (ADAS) by automotive manufacturers such as BMW and Mercedes-Benz is driving the demand for more sophisticated steering systems in Singapore. However, challenges like the high cost associated with implementing these technologies and the need for regulatory compliance are shaping the market dynamics. Additionally, the growing emphasis on electric vehicles and autonomous driving technologies is expected to further influence the evolution of steering systems in the Singapore automotive market.
Major players in the Singapore automotive steering system market include companies like Bosch, ZF Friedrichshafen, and JTEKT Corporation. These companies position themselves as leaders in providing high-quality, innovative steering solutions that enhance vehicle performance and safety. Bosch, for example, emphasizes its advanced technology and commitment to sustainability, while ZF Friedrichshafen focuses on its expertise in developing cutting-edge steering systems for various vehicle types. JTEKT Corporation differentiates itself through its strong focus on research and development to meet the evolving needs of the automotive industry in Singapore.
6Wresearch actively monitors the Singapore Automotive Steering System Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Singapore Automotive Steering System Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Automotive Steering System Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Automotive Steering System Market Revenues & Volume, 2021 & 2031F |
3.3 Singapore Automotive Steering System Market - Industry Life Cycle |
3.4 Singapore Automotive Steering System Market - Porter's Five Forces |
3.5 Singapore Automotive Steering System Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Singapore Automotive Steering System Market Revenues & Volume Share, By EPS Type, 2021 & 2031F |
3.7 Singapore Automotive Steering System Market Revenues & Volume Share, By Pinion, 2021 & 2031F |
3.8 Singapore Automotive Steering System Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.9 Singapore Automotive Steering System Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 Singapore Automotive Steering System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for fuel-efficient and environmentally friendly vehicles |
4.2.2 Technological advancements in automotive steering systems leading to better performance and safety features |
4.2.3 Growing disposable income and urbanization in Singapore leading to higher vehicle ownership |
4.3 Market Restraints |
4.3.1 High initial cost of advanced steering systems impacting adoption rates |
4.3.2 Fluctuating raw material prices affecting manufacturing costs |
4.3.3 Stringent government regulations related to vehicle safety and emissions |
5 Singapore Automotive Steering System Market Trends |
6 Singapore Automotive Steering System Market, By Types |
6.1 Singapore Automotive Steering System Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Singapore Automotive Steering System Market Revenues & Volume, By Technology, 2021-2031F |
6.1.3 Singapore Automotive Steering System Market Revenues & Volume, By HPS, 2021-2031F |
6.1.4 Singapore Automotive Steering System Market Revenues & Volume, By EHPS, 2021-2031F |
6.1.5 Singapore Automotive Steering System Market Revenues & Volume, By EPS, 2021-2031F |
6.2 Singapore Automotive Steering System Market, By EPS Type |
6.2.1 Overview and Analysis |
6.2.2 Singapore Automotive Steering System Market Revenues & Volume, By R-EPS, 2021-2031F |
6.2.3 Singapore Automotive Steering System Market Revenues & Volume, By C-EPS, 2021-2031F |
6.2.4 Singapore Automotive Steering System Market Revenues & Volume, By P-EPS, 2021-2031F |
6.3 Singapore Automotive Steering System Market, By Pinion |
6.3.1 Overview and Analysis |
6.3.2 Singapore Automotive Steering System Market Revenues & Volume, By Single, 2021-2031F |
6.3.3 Singapore Automotive Steering System Market Revenues & Volume, By Dual, 2021-2031F |
6.4 Singapore Automotive Steering System Market, By Type |
6.4.1 Overview and Analysis |
6.4.2 Singapore Automotive Steering System Market Revenues & Volume, By Electric Power Steering (EPS), 2021-2031F |
6.4.3 Singapore Automotive Steering System Market Revenues & Volume, By Hydraulic Power Steering (HPS), 2021-2031F |
6.4.4 Singapore Automotive Steering System Market Revenues & Volume, By Electro-Hydraulic Power Steering (EHPS), 2021-2031F |
6.4.5 Singapore Automotive Steering System Market Revenues & Volume, By Manual Steering, 2021-2031F |
6.5 Singapore Automotive Steering System Market, By Vehicle Type |
6.5.1 Overview and Analysis |
6.5.2 Singapore Automotive Steering System Market Revenues & Volume, By Passenger Cars, 2021-2031F |
6.5.3 Singapore Automotive Steering System Market Revenues & Volume, By Light Commercial Vehicles, 2021-2031F |
6.5.4 Singapore Automotive Steering System Market Revenues & Volume, By Heavy Commercial Vehicles, 2021-2031F |
7 Singapore Automotive Steering System Market Import-Export Trade Statistics |
7.1 Singapore Automotive Steering System Market Export to Major Countries |
7.2 Singapore Automotive Steering System Market Imports from Major Countries |
8 Singapore Automotive Steering System Market Key Performance Indicators |
8.1 Average age of vehicles in Singapore |
8.2 Adoption rate of electric vehicles in the country |
8.3 Number of road accidents attributed to steering system failures |
8.4 Percentage of vehicles equipped with advanced driver assistance systems |
9 Singapore Automotive Steering System Market - Opportunity Assessment |
9.1 Singapore Automotive Steering System Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Singapore Automotive Steering System Market Opportunity Assessment, By EPS Type, 2021 & 2031F |
9.3 Singapore Automotive Steering System Market Opportunity Assessment, By Pinion, 2021 & 2031F |
9.4 Singapore Automotive Steering System Market Opportunity Assessment, By Type, 2021 & 2031F |
9.5 Singapore Automotive Steering System Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
10 Singapore Automotive Steering System Market - Competitive Landscape |
10.1 Singapore Automotive Steering System Market Revenue Share, By Companies, 2024 |
10.2 Singapore Automotive Steering System Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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