Steering Gears Market Front Size, Share, and COVID-19 Impact Analysis, By Vehicle Type (Passenger Vehicle and Commercial Vehicles), By Gear Type (Rotary, Rack, Hydraulic, and Others), By Sales Channel (OEM and Aftermarket), and Regional Forecast, 2025-2032

Steering gears are a crucial component of a vehicle's drivetrain system. They are responsible for motion from the driver's input to the wheels, enabling the car to move. The gears in a vehicle must be capable of withstanding a high level of stress and torque while maintaining precise control over the vehicle's speed and direction. These gears come in various shapes and sizes depending on the load and the usage criteria; from rotary and rack to hydraulic gears, their use provides less mechanical force to be implemented while simultaneously reducing the rotation speed.

The quality and durability of these steering gears are crucial aspects that influence a vehicle's overall performance and safety to survive the high amounts of stress and torque created by the vehicle's speed, the gears' design and material must be carefully considered. Furthermore, gears must be carefully produced and placed to ensure smooth and accurate performance. Technological advancements have created more efficient gears, such as lightweight materials and specialized coatings, to reduce friction and wear. As the automobile industry evolves, the demand for high-quality and dependable steering gears will remain high, garnering innovation and growth in the industry

Impact of COVID-19 on the Vehicle Control Unit Market

COVID-19 had a significant impact on the Automotive sector, especially on the steering gears market. The critical point was the disruption in the supply chain, closed manufacturing facilities, and initially dropped automotive production. Many countries worldwide implemented strict sanctions and lockdowns on the movement of components and goods, disrupting the market logistics. People staying at home and less usage led to decreased sales and services related to automotive parts.

Post COVID-19 changes in consumer behavior and rapid adoption of vehicles have led to a surge in demand for components like steering gear. This trend will continue as more and more push towards green and sustainable vehicle gear production occurs. The pandemic has also driven innovation and competition among manufacturers. Companies are investing in research and development to create more advanced and efficient gear systems making vehicles more accessible to consumers.

Overall the steering gears market is expected to grow highly post-Covid-19 as vehicle and efficient systems get significant traction and popularity.

Key Insights

The report will cover the following key insights:

• Key Industry Developments – Mergers, Acquisitions, and Partnerships.


• Porter's Five Forces Analysis.


• Technological Developments.


• Impact of COVID-19 on the Steering Gear Market.

Segmentation

Analysis by Vehicles

The highest growth rate is expected to be in passenger vehicles. Several factors, including the number of passenger vehicles on the road, the age of those vehicles, and changes in vehicle standards, drive the demand for passenger vehicle gear systems. These steering gear assembly changes also impacted the market for passenger vehicle gears. As design standards became more stringent, manufacturers were required to develop new and improved drive systems applications that required high-quality gears. This can increase demand for these gears, particularly those made from advanced materials that can withstand high temperatures and corrosive grease and oils.

Analysis by Gear Type

The gear type segment includes rotary, rack, and hydraulic gears. With the growing popularity of electric vehicles and conventional engines, the hydraulic steering system is expected to dominate the global fleets of the automotive sector; various types of gear are used in modern-day vehicles, such as rotary, rack, and others. Each type of gear has its unique advantage and is used in multiple vehicle steering systems. Most vehicle steering systems use hydraulic gears as they are more efficient and make less effort while steering. These gears optimize fuel consumption and reduce emissions, so there will be a continued demand for hydraulic gear types for vehicles.

Analysis by Sales Channel

The sales channel segment includes OEM and Aftermarket. The Aftermarket channel is expected to grow as installing these gears is relatively cheaper. As the number of vehicles on the road increases and older vehicles remain in use, there is a continual demand for replacement parts. The aftermarket for steering benefits from the need to replace worn-out or damaged gear components. Aftermarket steering gears manufacturers' in-house production and standardization help in added revenue for producing these and its compatibility with Job shops and manufacturing plants. The aftermarket is expected to continue growth during the forecast period.

Analysis by Region

The Asia-Pacific region has experienced rapid automotive production and sales growth, driven by increasing population, rising disposable incomes, and urbanization. This growth in the automotive sector contributes to the demand for various automotive components, including gears. The highest growth rate is expected in the Asia Pacific market, especially India, China, and other south East Asian countries, due to the significant EV manufacturers and increased electric vehicle technological capabilities and new steering and differential assembly features for Cars that will have a rising impact on sales of these steering gears in Asia. Rapidly adopting robust safety and efficient gear will boost regional sales and help manufacturers' growth.

Key Players Covered

BorgWarner (U.S), ZF Friedrichshafen AG (Germany), Continental AG (Germany), BOSCH GmbH (Germany), Eaton Corporation PLC (Ireland), Magna International (Canada), GKN Automotive Limited (U.K), Bharat Gears Limited (India), Linamar Corporation (Canada), and JTEKT Corporation (Japan), Mando Corporation (Japan), NSK Limited (Japan), Thyssenkrupp AG (Germany), Nexteer Automotive (U.S).

Key Industry Developments

• March 2021: ZF Friedrichshafen AG announced that it had developed a new 2-speed electric drive system that combines a single-speed gearbox with a two-speed gearbox with a two-speed shifting element.

• May 2023: Toyota patented a steer-by-wire steering system that covers the overall design; two applications were filed for a steering control device that describes a controller that meters power to an electric motor that provides steering torque. The application was for steering control devices and vehicle power source systems.

• In May 2023, Ferrari patented a new rear-wheel steering system. Ferrari proposes using a control unit and electronic actuators at all four wheels to adjust the spring and damper firmness (for cars with passive or magnetic dampers) and another electronic or hydraulic actuator to adjust the rear steering angle based on real-time sensor readings to keep the car on the ideal line. Ferrari describes the system for front-engine vehicles, such as the 812 range, Portofino, Roma, and the new Purosangue SUV