Vietnam Automotive Steering System Market (2025-2031) Outlook | Industry, Companies, Forecast, Size, Trends, Growth, Share, Revenue, Analysis & Value
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: ETC4576411 | 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 |
Vietnam Automotive Steering System Market Overview
The automotive steering system market in Vietnam is experiencing growth fueled by the rising automotive production and consumer demand for enhanced driving experience and safety features. With advancements in steering technology, manufacturers are introducing electric and electronic steering systems to meet the evolving requirements of modern vehicles in the Vietnamese market.
Drivers of the Market
The Vietnam Automotive Steering System market is influenced by the automotive industry`s ongoing efforts to enhance vehicle handling, safety, and driving experience. Steering systems are pivotal components for controlling the direction and stability of vehicles. With the growth in vehicle ownership and the desire for better driving dynamics, the demand for advanced steering systems is on the rise. Moreover, the emergence of autonomous vehicles and advanced driver assistance systems necessitates precise and reliable steering technologies, contributing to the expansion of this market.
Challenges of the Market
In the Vietnam Automotive Steering System market, challenges stem from the evolving preferences for advanced driver assistance systems (ADAS) and autonomous driving technologies. The market needs to integrate these technologies into steering systems while ensuring safety and reliability, posing engineering challenges. Compliance with stringent safety standards and regulations further adds to the complexity of steering system development. Economic factors, including the cost of advanced technologies and fluctuations in steel prices, impact production costs and market dynamics. Adapting to the preferences of OEMs and addressing the diverse requirements of different vehicle segments contribute to the challenges faced by manufacturers in this market.
COVID 19 Impact on the Market
The Vietnam Automotive Steering System Market faced challenges during the COVID-19 pandemic, with disruptions in manufacturing and supply chains. Reduced vehicle production and logistical issues impacted the availability of steering components. The market adapted by embracing technological advancements and focusing on product innovation. As the automotive sector regained momentum, the steering system market demonstrated signs of recovery, emphasizing safety features and advanced driver-assistance systems.
Key Players in the Market
Prominent players in the Vietnam Automotive Steering System market include JTEKT Corporation, a Japanese automotive steering systems specialist. TRW Automotive, a global leader in automotive safety systems, is another key player. Local companies like Samlip Industries Vietnam Co., Ltd. contribute to the market with their manufacturing expertise.
Key Highlights of the Report:
- Vietnam Automotive Steering System Market Outlook
- Market Size of Vietnam Automotive Steering System Market, 2024
- Forecast of Vietnam Automotive Steering System Market, 2031
- Historical Data and Forecast of Vietnam Automotive Steering System Revenues & Volume for the Period 2021-2031
- Vietnam Automotive Steering System Market Trend Evolution
- Vietnam Automotive Steering System Market Drivers and Challenges
- Vietnam Automotive Steering System Price Trends
- Vietnam Automotive Steering System Porter's Five Forces
- Vietnam Automotive Steering System Industry Life Cycle
- Historical Data and Forecast of Vietnam Automotive Steering System Market Revenues & Volume By Technology for the Period 2021-2031
- Historical Data and Forecast of Vietnam Automotive Steering System Market Revenues & Volume By HPS for the Period 2021-2031
- Historical Data and Forecast of Vietnam Automotive Steering System Market Revenues & Volume By EHPS for the Period 2021-2031
- Historical Data and Forecast of Vietnam Automotive Steering System Market Revenues & Volume By EPS for the Period 2021-2031
- Historical Data and Forecast of Vietnam Automotive Steering System Market Revenues & Volume By EPS Type for the Period 2021-2031
- Historical Data and Forecast of Vietnam Automotive Steering System Market Revenues & Volume By R-EPS for the Period 2021-2031
- Historical Data and Forecast of Vietnam Automotive Steering System Market Revenues & Volume By C-EPS for the Period 2021-2031
- Historical Data and Forecast of Vietnam Automotive Steering System Market Revenues & Volume By P-EPS for the Period 2021-2031
- Historical Data and Forecast of Vietnam Automotive Steering System Market Revenues & Volume By Pinion for the Period 2021-2031
- Historical Data and Forecast of Vietnam Automotive Steering System Market Revenues & Volume By Single for the Period 2021-2031
- Historical Data and Forecast of Vietnam Automotive Steering System Market Revenues & Volume By Dual for the Period 2021-2031
- Historical Data and Forecast of Vietnam Automotive Steering System Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of Vietnam Automotive Steering System Market Revenues & Volume By Electric Power Steering (EPS) for the Period 2021-2031
- Historical Data and Forecast of Vietnam Automotive Steering System Market Revenues & Volume By Hydraulic Power Steering (HPS) for the Period 2021-2031
- Historical Data and Forecast of Vietnam Automotive Steering System Market Revenues & Volume By Electro-Hydraulic Power Steering (EHPS) for the Period 2021-2031
- Historical Data and Forecast of Vietnam Automotive Steering System Market Revenues & Volume By Manual Steering for the Period 2021-2031
- Historical Data and Forecast of Vietnam Automotive Steering System Market Revenues & Volume By Vehicle Type for the Period 2021-2031
- Historical Data and Forecast of Vietnam Automotive Steering System Market Revenues & Volume By Passenger Cars for the Period 2021-2031
- Historical Data and Forecast of Vietnam Automotive Steering System Market Revenues & Volume By Light Commercial Vehicles for the Period 2021-2031
- Historical Data and Forecast of Vietnam Automotive Steering System Market Revenues & Volume By Heavy Commercial Vehicles for the Period 2021-2031
- Vietnam 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
- Vietnam Automotive Steering System Top Companies Market Share
- Vietnam Automotive Steering System Competitive Benchmarking By Technical and Operational Parameters
- Vietnam Automotive Steering System Company Profiles
- Vietnam Automotive Steering System Key Strategic Recommendations
What new business and investment opportunities are available in the Vietnam automotive steering system market?
Companies like Bosch, ZF Friedrichshafen, and JTEKT Corporation have been expanding their presence in Vietnam, creating opportunities for partnerships and investments in the development of advanced steering technologies for the growing automotive industry in the region.
The future outlook for the Vietnam automotive steering system market is optimistic, driven by advancements in technology such as the adoption of electric power steering systems by major automakers like Toyota, Honda, and Ford. These technological innovations are expected to enhance driving experience, safety, and fuel efficiency, paving the way for a more sustainable and competitive automotive industry in Vietnam.
The growth of the Vietnam automotive steering system market is being driven by factors such as increasing investments by companies like VinFast in advanced steering technologies to enhance vehicle safety and performance, rising demand for electric vehicles leading to the adoption of innovative steer-by-wire systems, and government initiatives promoting the production and adoption of eco-friendly vehicles in the country.
The Vietnam automotive steering system market comprises various key players such as Bosch Automotive Steering, JTEKT Corporation, and ZF Friedrichshafen AG, offering a range of steering system solutions for vehicles in the country. This market includes products like electric power steering (EPS), hydraulic power steering (HPS), and electro-hydraulic power steering (EHPS) systems designed for both passenger cars and commercial vehicles. The market is driven by the increasing demand for advanced steering technologies to enhance vehicle safety and performance in Vietnam's growing automotive industry.
Consumers in Vietnam are increasingly demanding advanced safety features in vehicles, leading to a rise in the adoption of electric power steering systems by automakers like VinFast. Moreover, the government's push for environmental sustainability is driving the integration of eco-friendly steering technologies such as steer-by-wire systems to reduce carbon emissions in the automotive sector. Additionally, policies promoting local manufacturing and the use of renewable materials are influencing steering system manufacturers to explore innovative solutions that align with Vietnam's regulatory framework.
6Wresearch actively monitors the Vietnam 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 Vietnam Automotive Steering System Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 Vietnam Automotive Steering System Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Automotive Steering System Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Automotive Steering System Market - Industry Life Cycle |
3.4 Vietnam Automotive Steering System Market - Porter's Five Forces |
3.5 Vietnam Automotive Steering System Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Vietnam Automotive Steering System Market Revenues & Volume Share, By EPS Type, 2021 & 2031F |
3.7 Vietnam Automotive Steering System Market Revenues & Volume Share, By Pinion, 2021 & 2031F |
3.8 Vietnam Automotive Steering System Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.9 Vietnam Automotive Steering System Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 Vietnam Automotive Steering System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of consumers in Vietnam leading to higher demand for vehicles. |
4.2.2 Government initiatives to promote the automotive industry in Vietnam. |
4.2.3 Technological advancements in automotive steering systems leading to improved efficiency and safety. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the cost of manufacturing automotive steering systems. |
4.3.2 Lack of skilled labor in the automotive industry in Vietnam. |
4.3.3 Regulatory challenges and compliance requirements affecting the market. |
5 Vietnam Automotive Steering System Market Trends |
6 Vietnam Automotive Steering System Market, By Types |
6.1 Vietnam Automotive Steering System Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Automotive Steering System Market Revenues & Volume, By Technology, 2021-2031F |
6.1.3 Vietnam Automotive Steering System Market Revenues & Volume, By HPS, 2021-2031F |
6.1.4 Vietnam Automotive Steering System Market Revenues & Volume, By EHPS, 2021-2031F |
6.1.5 Vietnam Automotive Steering System Market Revenues & Volume, By EPS, 2021-2031F |
6.2 Vietnam Automotive Steering System Market, By EPS Type |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Automotive Steering System Market Revenues & Volume, By R-EPS, 2021-2031F |
6.2.3 Vietnam Automotive Steering System Market Revenues & Volume, By C-EPS, 2021-2031F |
6.2.4 Vietnam Automotive Steering System Market Revenues & Volume, By P-EPS, 2021-2031F |
6.3 Vietnam Automotive Steering System Market, By Pinion |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Automotive Steering System Market Revenues & Volume, By Single, 2021-2031F |
6.3.3 Vietnam Automotive Steering System Market Revenues & Volume, By Dual, 2021-2031F |
6.4 Vietnam Automotive Steering System Market, By Type |
6.4.1 Overview and Analysis |
6.4.2 Vietnam Automotive Steering System Market Revenues & Volume, By Electric Power Steering (EPS), 2021-2031F |
6.4.3 Vietnam Automotive Steering System Market Revenues & Volume, By Hydraulic Power Steering (HPS), 2021-2031F |
6.4.4 Vietnam Automotive Steering System Market Revenues & Volume, By Electro-Hydraulic Power Steering (EHPS), 2021-2031F |
6.4.5 Vietnam Automotive Steering System Market Revenues & Volume, By Manual Steering, 2021-2031F |
6.5 Vietnam Automotive Steering System Market, By Vehicle Type |
6.5.1 Overview and Analysis |
6.5.2 Vietnam Automotive Steering System Market Revenues & Volume, By Passenger Cars, 2021-2031F |
6.5.3 Vietnam Automotive Steering System Market Revenues & Volume, By Light Commercial Vehicles, 2021-2031F |
6.5.4 Vietnam Automotive Steering System Market Revenues & Volume, By Heavy Commercial Vehicles, 2021-2031F |
7 Vietnam Automotive Steering System Market Import-Export Trade Statistics |
7.1 Vietnam Automotive Steering System Market Export to Major Countries |
7.2 Vietnam Automotive Steering System Market Imports from Major Countries |
8 Vietnam Automotive Steering System Market Key Performance Indicators |
8.1 Average age of vehicles in Vietnam. |
8.2 Adoption rate of electric power steering systems in vehicles. |
8.3 Number of automotive manufacturing facilities in Vietnam investing in research and development for steering systems. |
8.4 Rate of vehicle ownership per capita in Vietnam. |
8.5 Percentage of vehicles in Vietnam equipped with advanced driver assistance systems (ADAS) that integrate with steering systems. |
9 Vietnam Automotive Steering System Market - Opportunity Assessment |
9.1 Vietnam Automotive Steering System Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Vietnam Automotive Steering System Market Opportunity Assessment, By EPS Type, 2021 & 2031F |
9.3 Vietnam Automotive Steering System Market Opportunity Assessment, By Pinion, 2021 & 2031F |
9.4 Vietnam Automotive Steering System Market Opportunity Assessment, By Type, 2021 & 2031F |
9.5 Vietnam Automotive Steering System Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
10 Vietnam Automotive Steering System Market - Competitive Landscape |
10.1 Vietnam Automotive Steering System Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Automotive Steering System Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Pricing
- Single User License$ 1,995
- Department License$ 2,400
- Site License$ 3,120
- Global License$ 3,795
Search
Thought Leadership and Analyst Meet
Our Clients
Related Reports
- Germany Breakfast Food Market (2026-2032) | Industry, Share, Growth, Size, Companies, Value, Analysis, Revenue, Trends, Forecast & Outlook
- Australia Briquette Market (2025-2031) | Growth, Size, Revenue, Forecast, Analysis, Trends, Value, Share, Industry & Companies
- Vietnam System Integrator Market (2025-2031) | Size, Companies, Analysis, Industry, Value, Forecast, Growth, Trends, Revenue & Share
- ASEAN and Thailand Brain Health Supplements Market (2025-2031) | Strategy, Consumer Insights, Analysis, Investment Trends, Opportunities, Growth, Size, Share, Industry, Revenue, Segments, Value, Segmentation, Supply, Forecast, Restraints, Outlook, Competition, Drivers, Trends, Demand, Pricing Analysis, Competitive, Strategic Insights, Companies, Challenges
- ASEAN Bearings Market (2025-2031) | Strategy, Consumer Insights, Analysis, Investment Trends, Opportunities, Growth, Size, Share, Industry, Revenue, Segments, Value, Segmentation, Supply, Forecast, Restraints, Outlook, Competition, Drivers, Trends, Demand, Pricing Analysis, Competitive, Strategic Insights, Companies, Challenges
- Europe Flooring Market (2025-2031) | Outlook, Share, Industry, Trends, Forecast, Companies, Revenue, Size, Analysis, Growth & Value
- Saudi Arabia Manlift Market (2025-2031) | Outlook, Size, Growth, Trends, Companies, Industry, Revenue, Value, Share, Forecast & Analysis
- Uganda Excavator, Crane, and Wheel Loaders Market (2025-2031) | Strategy, Consumer Insights, Analysis, Investment Trends, Opportunities, Growth, Size, Share, Industry, Revenue, Segments, Value, Segmentation, Supply, Forecast, Restraints, Outlook, Competition, Drivers, Trends, Demand, Pricing Analysis, Competitive, Strategic Insights, Companies, Challenges
- Rwanda Excavator, Crane, and Wheel Loaders Market (2025-2031) | Strategy, Consumer Insights, Analysis, Investment Trends, Opportunities, Growth, Size, Share, Industry, Revenue, Segments, Value, Segmentation, Supply, Forecast, Restraints, Outlook, Competition, Drivers, Trends, Demand, Pricing Analysis, Competitive, Strategic Insights, Companies, Challenges
- Kenya Excavator, Crane, and Wheel Loaders Market (2025-2031) | Strategy, Consumer Insights, Analysis, Investment Trends, Opportunities, Growth, Size, Share, Industry, Revenue, Segments, Value, Segmentation, Supply, Forecast, Restraints, Outlook, Competition, Drivers, Trends, Demand, Pricing Analysis, Competitive, Strategic Insights, Companies, Challenges
Industry Events and Analyst Meet
Startup Hub Expo 2025
Automechanika Dubai 2024
Mobile India Expo 2025
Media Expo New Delhi 2025
Consumer Electronics World Expo 2025
Whitepaper
- Middle East & Africa Commercial Security Market Click here to view more.
- Middle East & Africa Fire Safety Systems & Equipment Market Click here to view more.
- GCC Drone Market Click here to view more.
- Middle East Lighting Fixture Market Click here to view more.
- GCC Physical & Perimeter Security Market Click here to view more.
6WResearch In News
- Doha a strategic location for EV manufacturing hub: IPA Qatar
- Demand for luxury TVs surging in the GCC, says Samsung
- Empowering Growth: The Thriving Journey of Bangladesh’s Cable Industry
- Demand for luxury TVs surging in the GCC, says Samsung
- Video call with a traditional healer? Once unthinkable, it’s now common in South Africa
- Intelligent Buildings To Smooth GCC’s Path To Net Zero
