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Power Assisted Steering Market
Updated On

Feb 25 2025

Total Pages

250

Power Assisted Steering Market Unlocking Growth Opportunities: Analysis and Forecast 2025-2033

Power Assisted Steering Market by Propulsion Type (EV, ICE), by Vehicle (Passenger Cars, LCV, HCV), by Power (Electric, Hydraulic), by Type (Rack Type EPS, Column Type EPS, Pinion Type EPS, H-EPS, HPS), by Sales Channel (OEM, Aftermarket), by North America (U.S., Canada), by Europe (Germany, UK, France, Italy, Spain, Netherlands, Sweden, Rest of Europe), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Thailand, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Rest of Latin America), by MEA (Saudi Arabia, UAE, South Africa, Egypt, Nigeria, Rest of MEA) Forecast 2025-2033

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Power Assisted Steering Market Unlocking Growth Opportunities: Analysis and Forecast 2025-2033

Key Insights

The size of the Power Assisted Steering Market was valued at USD 14,896.69 Million in 2024 and is projected to reach USD XXX Million by 2033, with an expected CAGR of 4.6% during the forecast period. The Power Assisted Steering (PAS) Market encompasses the creation and application of steering mechanisms in vehicles that utilize power support, whether hydraulic, electric, or a mix of both, to lessen the effort needed for steering. PAS systems improve vehicle maneuverability, enhance driving comfort, and boost safety by offering more responsive steering and superior control, especially at low speeds. The market is fueled by the growing demand for enhanced driving capabilities, including better steering accuracy, fuel economy, and overall vehicle effectiveness. The increase in electric vehicles (EVs) and the movement towards lighter, energy-efficient vehicles is driving the uptake of Electric Power Steering (EPS) systems, which are lighter and offer better energy efficiency than conventional hydraulic systems. Moreover, increasing consumer demands for improved driving experiences, superior safety features, and technological innovations in steering control systems are driving the market forward. The Power Assisted Steering Market is additionally shaped by the worldwide emphasis on sustainability and more stringent emissions standards, as EPS systems provide energy efficiency and a smaller environmental impact. As automobiles advance, the market is anticipated to grow, fueled by advancements in steering technology and a rising need for more efficient, agile, and environmentally-friendly steering systems.

Power Assisted Steering Market Research Report - Market Size, Growth & Forecast

Power Assisted Steering Market Concentration & Characteristics

The PAS market is moderately concentrated, with key players accounting for a significant market share. These companies are actively investing in research and development to enhance their product offerings and maintain their competitive edge. The market is characterized by continuous innovation, with the introduction of advanced technologies such as H-EPS (Hydraulic-Electric Power Steering) and HPS (Hydraulic Power Steering) systems. Stringent government regulations for vehicle safety and emissions control also impact market dynamics.

Power Assisted Steering Market Trends

  • Increasing Adoption of EPS in EVs: EPS systems are gaining popularity in EVs due to their energy efficiency and reduced power consumption compared to hydraulic systems. They also offer improved steering feel and responsiveness.
  • Growing Demand for Safety Features: Advanced PAS systems play a crucial role in enhancing vehicle safety by providing lane keeping assist, parking assist, and collision avoidance features. This has led to increased demand for PAS in passenger cars and commercial vehicles.
  • Rise of H-EPS and HPS Systems: H-EPS and HPS systems combine the advantages of EPS and hydraulic systems, offering a balance of performance and efficiency. These systems are expected to drive market growth in the coming years.

Power Assisted Steering Market Growth

Key Region or Country & Segment to Dominate the Market

  • Region: Asia Pacific is expected to dominate the PAS market due to the high production and sales of vehicles in China, India, and Japan.
  • Segment: The passenger car segment is anticipated to account for the largest market share, driven by the growing demand for advanced safety features and the increasing popularity of SUVs and crossovers.

Power Assisted Steering Market Product Insights Report Coverage & Deliverables

The report will provide comprehensive insights into the PAS market, covering:

  • Market size and growth projections
  • Market segmentation by propulsion type, vehicle type, power, and sales channel
  • Detailed profiles of key industry players
  • Analysis of market drivers, challenges, and trends
  • Regional and country-specific market insights

Power Assisted Steering Market Analysis

The market is segmented as follows:

Propulsion Type:

  • EV
  • ICE

Vehicle:

  • Passenger Cars
  • LCV
  • HCV

Power:

  • Electric
  • Hydraulic

Type:

  • Rack Type EPS
  • Column Type EPS
  • Pinion Type EPS
  • H-EPS
  • HPS

Sales Channel:

  • OEM
  • Aftermarket

Power Assisted Steering Market Regional Insights

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Netherlands
    • Sweden
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Thailand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Chile
    • Colombia
    • Rest of Latin America
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
    • Egypt
    • Nigeria
    • Rest of MEA

Driving Forces: What's Propelling the Power Assisted Steering Market

  • Increasing demand for vehicles with advanced safety features
  • Rising urbanization and increasing disposable incomes
  • Growing preference for EVs
  • Government initiatives for vehicle safety and emissions control

Challenges and Restraints in Power Assisted Steering Market

  • High cost of advanced PAS systems
  • Technical complexity of H-EPS and HPS systems
  • Dependence on electronic control units (ECUs)

Emerging Trends in Power Assisted Steering Market

  • Development of steer-by-wire systems
  • Integration of artificial intelligence (AI) for autonomous steering
  • Use of lightweight materials to reduce vehicle weight

Power Assisted Steering Industry News

  • JTEKT Corporation introduces a new H-EPS system with improved steering feel and responsiveness.
  • ZF Friedrichshafen AG unveils a next-generation EPS system with advanced torque sensing capabilities.

Leading Players in the Power Assisted Steering Market

Power Assisted Steering Market Segmentation

  • 1. Propulsion Type
    • 1.1. EV
    • 1.2. ICE
  • 2. Vehicle
    • 2.1. Passenger Cars
    • 2.2. LCV
    • 2.3. HCV
  • 3. Power
    • 3.1. Electric
    • 3.2. Hydraulic
  • 4. Type
    • 4.1. Rack Type EPS
    • 4.2. Column Type EPS
    • 4.3. Pinion Type EPS
    • 4.4. H-EPS
    • 4.5. HPS
  • 5. Sales Channel
    • 5.1. OEM
    • 5.2. Aftermarket

Power Assisted Steering Market Segmentation By Geography

  • 1. North America
    • 1.1. U.S.
    • 1.2. Canada
  • 2. Europe
    • 2.1. Germany
    • 2.2. UK
    • 2.3. France
    • 2.4. Italy
    • 2.5. Spain
    • 2.6. Netherlands
    • 2.7. Sweden
    • 2.8. Rest of Europe
  • 3. Asia Pacific
    • 3.1. China
    • 3.2. India
    • 3.3. Japan
    • 3.4. South Korea
    • 3.5. Australia
    • 3.6. Singapore
    • 3.7. Thailand
    • 3.8. Rest of Asia Pacific
  • 4. Latin America
    • 4.1. Brazil
    • 4.2. Mexico
    • 4.3. Argentina
    • 4.4. Chile
    • 4.5. Colombia
    • 4.6. Rest of Latin America
  • 5. MEA
    • 5.1. Saudi Arabia
    • 5.2. UAE
    • 5.3. South Africa
    • 5.4. Egypt
    • 5.5. Nigeria
    • 5.6. Rest of MEA

Power Assisted Steering Market Regional Share

Power Assisted Steering Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2019-2033
Base Year 2024
Estimated Year 2025
Forecast Period2025-2033
Historical Period2019-2024
Growth RateCAGR of 4.6% from 2019-2033
Segmentation
    • By Propulsion Type
      • EV
      • ICE
    • By Vehicle
      • Passenger Cars
      • LCV
      • HCV
    • By Power
      • Electric
      • Hydraulic
    • By Type
      • Rack Type EPS
      • Column Type EPS
      • Pinion Type EPS
      • H-EPS
      • HPS
    • By Sales Channel
      • OEM
      • Aftermarket
  • By Geography
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Spain
      • Netherlands
      • Sweden
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
      • Singapore
      • Thailand
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Chile
      • Colombia
      • Rest of Latin America
    • MEA
      • Saudi Arabia
      • UAE
      • South Africa
      • Egypt
      • Nigeria
      • Rest of MEA
Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1 Increasing adoption of EPS
        • 3.2.2 Growth in passenger vehicle sales
        • 3.2.3 The increasing adoption of EVs is likely to surge the industry proliferation
        • 3.2.4 Evolution of automated driving
      • 3.3. Market Restrains
        • 3.3.1. Higher operation life and ease of repair to limit aftermarket revenue generation
      • 3.4. Market Trends
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Global Power Assisted Steering Market Analysis, Insights and Forecast, 2019-2031
    • 5.1. Market Analysis, Insights and Forecast - by Propulsion Type
      • 5.1.1. EV
      • 5.1.2. ICE
    • 5.2. Market Analysis, Insights and Forecast - by Vehicle
      • 5.2.1. Passenger Cars
      • 5.2.2. LCV
      • 5.2.3. HCV
    • 5.3. Market Analysis, Insights and Forecast - by Power
      • 5.3.1. Electric
      • 5.3.2. Hydraulic
    • 5.4. Market Analysis, Insights and Forecast - by Type
      • 5.4.1. Rack Type EPS
      • 5.4.2. Column Type EPS
      • 5.4.3. Pinion Type EPS
      • 5.4.4. H-EPS
      • 5.4.5. HPS
    • 5.5. Market Analysis, Insights and Forecast - by Sales Channel
      • 5.5.1. OEM
      • 5.5.2. Aftermarket
    • 5.6. Market Analysis, Insights and Forecast - by Region
      • 5.6.1. North America
      • 5.6.2. Europe
      • 5.6.3. Asia Pacific
      • 5.6.4. Latin America
      • 5.6.5. MEA
  6. 6. North America Power Assisted Steering Market Analysis, Insights and Forecast, 2019-2031
    • 6.1. Market Analysis, Insights and Forecast - by Propulsion Type
      • 6.1.1. EV
      • 6.1.2. ICE
    • 6.2. Market Analysis, Insights and Forecast - by Vehicle
      • 6.2.1. Passenger Cars
      • 6.2.2. LCV
      • 6.2.3. HCV
    • 6.3. Market Analysis, Insights and Forecast - by Power
      • 6.3.1. Electric
      • 6.3.2. Hydraulic
    • 6.4. Market Analysis, Insights and Forecast - by Type
      • 6.4.1. Rack Type EPS
      • 6.4.2. Column Type EPS
      • 6.4.3. Pinion Type EPS
      • 6.4.4. H-EPS
      • 6.4.5. HPS
    • 6.5. Market Analysis, Insights and Forecast - by Sales Channel
      • 6.5.1. OEM
      • 6.5.2. Aftermarket
  7. 7. Europe Power Assisted Steering Market Analysis, Insights and Forecast, 2019-2031
    • 7.1. Market Analysis, Insights and Forecast - by Propulsion Type
      • 7.1.1. EV
      • 7.1.2. ICE
    • 7.2. Market Analysis, Insights and Forecast - by Vehicle
      • 7.2.1. Passenger Cars
      • 7.2.2. LCV
      • 7.2.3. HCV
    • 7.3. Market Analysis, Insights and Forecast - by Power
      • 7.3.1. Electric
      • 7.3.2. Hydraulic
    • 7.4. Market Analysis, Insights and Forecast - by Type
      • 7.4.1. Rack Type EPS
      • 7.4.2. Column Type EPS
      • 7.4.3. Pinion Type EPS
      • 7.4.4. H-EPS
      • 7.4.5. HPS
    • 7.5. Market Analysis, Insights and Forecast - by Sales Channel
      • 7.5.1. OEM
      • 7.5.2. Aftermarket
  8. 8. Asia Pacific Power Assisted Steering Market Analysis, Insights and Forecast, 2019-2031
    • 8.1. Market Analysis, Insights and Forecast - by Propulsion Type
      • 8.1.1. EV
      • 8.1.2. ICE
    • 8.2. Market Analysis, Insights and Forecast - by Vehicle
      • 8.2.1. Passenger Cars
      • 8.2.2. LCV
      • 8.2.3. HCV
    • 8.3. Market Analysis, Insights and Forecast - by Power
      • 8.3.1. Electric
      • 8.3.2. Hydraulic
    • 8.4. Market Analysis, Insights and Forecast - by Type
      • 8.4.1. Rack Type EPS
      • 8.4.2. Column Type EPS
      • 8.4.3. Pinion Type EPS
      • 8.4.4. H-EPS
      • 8.4.5. HPS
    • 8.5. Market Analysis, Insights and Forecast - by Sales Channel
      • 8.5.1. OEM
      • 8.5.2. Aftermarket
  9. 9. Latin America Power Assisted Steering Market Analysis, Insights and Forecast, 2019-2031
    • 9.1. Market Analysis, Insights and Forecast - by Propulsion Type
      • 9.1.1. EV
      • 9.1.2. ICE
    • 9.2. Market Analysis, Insights and Forecast - by Vehicle
      • 9.2.1. Passenger Cars
      • 9.2.2. LCV
      • 9.2.3. HCV
    • 9.3. Market Analysis, Insights and Forecast - by Power
      • 9.3.1. Electric
      • 9.3.2. Hydraulic
    • 9.4. Market Analysis, Insights and Forecast - by Type
      • 9.4.1. Rack Type EPS
      • 9.4.2. Column Type EPS
      • 9.4.3. Pinion Type EPS
      • 9.4.4. H-EPS
      • 9.4.5. HPS
    • 9.5. Market Analysis, Insights and Forecast - by Sales Channel
      • 9.5.1. OEM
      • 9.5.2. Aftermarket
  10. 10. MEA Power Assisted Steering Market Analysis, Insights and Forecast, 2019-2031
    • 10.1. Market Analysis, Insights and Forecast - by Propulsion Type
      • 10.1.1. EV
      • 10.1.2. ICE
    • 10.2. Market Analysis, Insights and Forecast - by Vehicle
      • 10.2.1. Passenger Cars
      • 10.2.2. LCV
      • 10.2.3. HCV
    • 10.3. Market Analysis, Insights and Forecast - by Power
      • 10.3.1. Electric
      • 10.3.2. Hydraulic
    • 10.4. Market Analysis, Insights and Forecast - by Type
      • 10.4.1. Rack Type EPS
      • 10.4.2. Column Type EPS
      • 10.4.3. Pinion Type EPS
      • 10.4.4. H-EPS
      • 10.4.5. HPS
    • 10.5. Market Analysis, Insights and Forecast - by Sales Channel
      • 10.5.1. OEM
      • 10.5.2. Aftermarket
  11. 11. Competitive Analysis
    • 11.1. Global Market Share Analysis 2024
      • 11.2. Company Profiles
        • 11.2.1 JTEKT Corporation
          • 11.2.1.1. Overview
          • 11.2.1.2. Products
          • 11.2.1.3. SWOT Analysis
          • 11.2.1.4. Recent Developments
          • 11.2.1.5. Financials (Based on Availability)
        • 11.2.2 SHOWA Corporation
          • 11.2.2.1. Overview
          • 11.2.2.2. Products
          • 11.2.2.3. SWOT Analysis
          • 11.2.2.4. Recent Developments
          • 11.2.2.5. Financials (Based on Availability)
        • 11.2.3 Nexteer Automotive
          • 11.2.3.1. Overview
          • 11.2.3.2. Products
          • 11.2.3.3. SWOT Analysis
          • 11.2.3.4. Recent Developments
          • 11.2.3.5. Financials (Based on Availability)
        • 11.2.4 NSK Steering Systems Co. Ltd.
          • 11.2.4.1. Overview
          • 11.2.4.2. Products
          • 11.2.4.3. SWOT Analysis
          • 11.2.4.4. Recent Developments
          • 11.2.4.5. Financials (Based on Availability)
        • 11.2.5 Mando Corp
          • 11.2.5.1. Overview
          • 11.2.5.2. Products
          • 11.2.5.3. SWOT Analysis
          • 11.2.5.4. Recent Developments
          • 11.2.5.5. Financials (Based on Availability)
        • 11.2.6 ZF Friedrichshafen AG
          • 11.2.6.1. Overview
          • 11.2.6.2. Products
          • 11.2.6.3. SWOT Analysis
          • 11.2.6.4. Recent Developments
          • 11.2.6.5. Financials (Based on Availability)
        • 11.2.7 Robert Bosch GmbH
          • 11.2.7.1. Overview
          • 11.2.7.2. Products
          • 11.2.7.3. SWOT Analysis
          • 11.2.7.4. Recent Developments
          • 11.2.7.5. Financials (Based on Availability)
List of Figures
  1. Figure 1: Global Power Assisted Steering Market Revenue Breakdown (Million, %) by Region 2024 & 2032
  2. Figure 2: Global Power Assisted Steering Market Volume Breakdown (K Tons, %) by Region 2024 & 2032
  3. Figure 3: North America Power Assisted Steering Market Revenue (Million), by Propulsion Type 2024 & 2032
  4. Figure 4: North America Power Assisted Steering Market Volume (K Tons), by Propulsion Type 2024 & 2032
  5. Figure 5: North America Power Assisted Steering Market Revenue Share (%), by Propulsion Type 2024 & 2032
  6. Figure 6: North America Power Assisted Steering Market Volume Share (%), by Propulsion Type 2024 & 2032
  7. Figure 7: North America Power Assisted Steering Market Revenue (Million), by Vehicle 2024 & 2032
  8. Figure 8: North America Power Assisted Steering Market Volume (K Tons), by Vehicle 2024 & 2032
  9. Figure 9: North America Power Assisted Steering Market Revenue Share (%), by Vehicle 2024 & 2032
  10. Figure 10: North America Power Assisted Steering Market Volume Share (%), by Vehicle 2024 & 2032
  11. Figure 11: North America Power Assisted Steering Market Revenue (Million), by Power 2024 & 2032
  12. Figure 12: North America Power Assisted Steering Market Volume (K Tons), by Power 2024 & 2032
  13. Figure 13: North America Power Assisted Steering Market Revenue Share (%), by Power 2024 & 2032
  14. Figure 14: North America Power Assisted Steering Market Volume Share (%), by Power 2024 & 2032
  15. Figure 15: North America Power Assisted Steering Market Revenue (Million), by Type 2024 & 2032
  16. Figure 16: North America Power Assisted Steering Market Volume (K Tons), by Type 2024 & 2032
  17. Figure 17: North America Power Assisted Steering Market Revenue Share (%), by Type 2024 & 2032
  18. Figure 18: North America Power Assisted Steering Market Volume Share (%), by Type 2024 & 2032
  19. Figure 19: North America Power Assisted Steering Market Revenue (Million), by Sales Channel 2024 & 2032
  20. Figure 20: North America Power Assisted Steering Market Volume (K Tons), by Sales Channel 2024 & 2032
  21. Figure 21: North America Power Assisted Steering Market Revenue Share (%), by Sales Channel 2024 & 2032
  22. Figure 22: North America Power Assisted Steering Market Volume Share (%), by Sales Channel 2024 & 2032
  23. Figure 23: North America Power Assisted Steering Market Revenue (Million), by Country 2024 & 2032
  24. Figure 24: North America Power Assisted Steering Market Volume (K Tons), by Country 2024 & 2032
  25. Figure 25: North America Power Assisted Steering Market Revenue Share (%), by Country 2024 & 2032
  26. Figure 26: North America Power Assisted Steering Market Volume Share (%), by Country 2024 & 2032
  27. Figure 27: Europe Power Assisted Steering Market Revenue (Million), by Propulsion Type 2024 & 2032
  28. Figure 28: Europe Power Assisted Steering Market Volume (K Tons), by Propulsion Type 2024 & 2032
  29. Figure 29: Europe Power Assisted Steering Market Revenue Share (%), by Propulsion Type 2024 & 2032
  30. Figure 30: Europe Power Assisted Steering Market Volume Share (%), by Propulsion Type 2024 & 2032
  31. Figure 31: Europe Power Assisted Steering Market Revenue (Million), by Vehicle 2024 & 2032
  32. Figure 32: Europe Power Assisted Steering Market Volume (K Tons), by Vehicle 2024 & 2032
  33. Figure 33: Europe Power Assisted Steering Market Revenue Share (%), by Vehicle 2024 & 2032
  34. Figure 34: Europe Power Assisted Steering Market Volume Share (%), by Vehicle 2024 & 2032
  35. Figure 35: Europe Power Assisted Steering Market Revenue (Million), by Power 2024 & 2032
  36. Figure 36: Europe Power Assisted Steering Market Volume (K Tons), by Power 2024 & 2032
  37. Figure 37: Europe Power Assisted Steering Market Revenue Share (%), by Power 2024 & 2032
  38. Figure 38: Europe Power Assisted Steering Market Volume Share (%), by Power 2024 & 2032
  39. Figure 39: Europe Power Assisted Steering Market Revenue (Million), by Type 2024 & 2032
  40. Figure 40: Europe Power Assisted Steering Market Volume (K Tons), by Type 2024 & 2032
  41. Figure 41: Europe Power Assisted Steering Market Revenue Share (%), by Type 2024 & 2032
  42. Figure 42: Europe Power Assisted Steering Market Volume Share (%), by Type 2024 & 2032
  43. Figure 43: Europe Power Assisted Steering Market Revenue (Million), by Sales Channel 2024 & 2032
  44. Figure 44: Europe Power Assisted Steering Market Volume (K Tons), by Sales Channel 2024 & 2032
  45. Figure 45: Europe Power Assisted Steering Market Revenue Share (%), by Sales Channel 2024 & 2032
  46. Figure 46: Europe Power Assisted Steering Market Volume Share (%), by Sales Channel 2024 & 2032
  47. Figure 47: Europe Power Assisted Steering Market Revenue (Million), by Country 2024 & 2032
  48. Figure 48: Europe Power Assisted Steering Market Volume (K Tons), by Country 2024 & 2032
  49. Figure 49: Europe Power Assisted Steering Market Revenue Share (%), by Country 2024 & 2032
  50. Figure 50: Europe Power Assisted Steering Market Volume Share (%), by Country 2024 & 2032
  51. Figure 51: Asia Pacific Power Assisted Steering Market Revenue (Million), by Propulsion Type 2024 & 2032
  52. Figure 52: Asia Pacific Power Assisted Steering Market Volume (K Tons), by Propulsion Type 2024 & 2032
  53. Figure 53: Asia Pacific Power Assisted Steering Market Revenue Share (%), by Propulsion Type 2024 & 2032
  54. Figure 54: Asia Pacific Power Assisted Steering Market Volume Share (%), by Propulsion Type 2024 & 2032
  55. Figure 55: Asia Pacific Power Assisted Steering Market Revenue (Million), by Vehicle 2024 & 2032
  56. Figure 56: Asia Pacific Power Assisted Steering Market Volume (K Tons), by Vehicle 2024 & 2032
  57. Figure 57: Asia Pacific Power Assisted Steering Market Revenue Share (%), by Vehicle 2024 & 2032
  58. Figure 58: Asia Pacific Power Assisted Steering Market Volume Share (%), by Vehicle 2024 & 2032
  59. Figure 59: Asia Pacific Power Assisted Steering Market Revenue (Million), by Power 2024 & 2032
  60. Figure 60: Asia Pacific Power Assisted Steering Market Volume (K Tons), by Power 2024 & 2032
  61. Figure 61: Asia Pacific Power Assisted Steering Market Revenue Share (%), by Power 2024 & 2032
  62. Figure 62: Asia Pacific Power Assisted Steering Market Volume Share (%), by Power 2024 & 2032
  63. Figure 63: Asia Pacific Power Assisted Steering Market Revenue (Million), by Type 2024 & 2032
  64. Figure 64: Asia Pacific Power Assisted Steering Market Volume (K Tons), by Type 2024 & 2032
  65. Figure 65: Asia Pacific Power Assisted Steering Market Revenue Share (%), by Type 2024 & 2032
  66. Figure 66: Asia Pacific Power Assisted Steering Market Volume Share (%), by Type 2024 & 2032
  67. Figure 67: Asia Pacific Power Assisted Steering Market Revenue (Million), by Sales Channel 2024 & 2032
  68. Figure 68: Asia Pacific Power Assisted Steering Market Volume (K Tons), by Sales Channel 2024 & 2032
  69. Figure 69: Asia Pacific Power Assisted Steering Market Revenue Share (%), by Sales Channel 2024 & 2032
  70. Figure 70: Asia Pacific Power Assisted Steering Market Volume Share (%), by Sales Channel 2024 & 2032
  71. Figure 71: Asia Pacific Power Assisted Steering Market Revenue (Million), by Country 2024 & 2032
  72. Figure 72: Asia Pacific Power Assisted Steering Market Volume (K Tons), by Country 2024 & 2032
  73. Figure 73: Asia Pacific Power Assisted Steering Market Revenue Share (%), by Country 2024 & 2032
  74. Figure 74: Asia Pacific Power Assisted Steering Market Volume Share (%), by Country 2024 & 2032
  75. Figure 75: Latin America Power Assisted Steering Market Revenue (Million), by Propulsion Type 2024 & 2032
  76. Figure 76: Latin America Power Assisted Steering Market Volume (K Tons), by Propulsion Type 2024 & 2032
  77. Figure 77: Latin America Power Assisted Steering Market Revenue Share (%), by Propulsion Type 2024 & 2032
  78. Figure 78: Latin America Power Assisted Steering Market Volume Share (%), by Propulsion Type 2024 & 2032
  79. Figure 79: Latin America Power Assisted Steering Market Revenue (Million), by Vehicle 2024 & 2032
  80. Figure 80: Latin America Power Assisted Steering Market Volume (K Tons), by Vehicle 2024 & 2032
  81. Figure 81: Latin America Power Assisted Steering Market Revenue Share (%), by Vehicle 2024 & 2032
  82. Figure 82: Latin America Power Assisted Steering Market Volume Share (%), by Vehicle 2024 & 2032
  83. Figure 83: Latin America Power Assisted Steering Market Revenue (Million), by Power 2024 & 2032
  84. Figure 84: Latin America Power Assisted Steering Market Volume (K Tons), by Power 2024 & 2032
  85. Figure 85: Latin America Power Assisted Steering Market Revenue Share (%), by Power 2024 & 2032
  86. Figure 86: Latin America Power Assisted Steering Market Volume Share (%), by Power 2024 & 2032
  87. Figure 87: Latin America Power Assisted Steering Market Revenue (Million), by Type 2024 & 2032
  88. Figure 88: Latin America Power Assisted Steering Market Volume (K Tons), by Type 2024 & 2032
  89. Figure 89: Latin America Power Assisted Steering Market Revenue Share (%), by Type 2024 & 2032
  90. Figure 90: Latin America Power Assisted Steering Market Volume Share (%), by Type 2024 & 2032
  91. Figure 91: Latin America Power Assisted Steering Market Revenue (Million), by Sales Channel 2024 & 2032
  92. Figure 92: Latin America Power Assisted Steering Market Volume (K Tons), by Sales Channel 2024 & 2032
  93. Figure 93: Latin America Power Assisted Steering Market Revenue Share (%), by Sales Channel 2024 & 2032
  94. Figure 94: Latin America Power Assisted Steering Market Volume Share (%), by Sales Channel 2024 & 2032
  95. Figure 95: Latin America Power Assisted Steering Market Revenue (Million), by Country 2024 & 2032
  96. Figure 96: Latin America Power Assisted Steering Market Volume (K Tons), by Country 2024 & 2032
  97. Figure 97: Latin America Power Assisted Steering Market Revenue Share (%), by Country 2024 & 2032
  98. Figure 98: Latin America Power Assisted Steering Market Volume Share (%), by Country 2024 & 2032
  99. Figure 99: MEA Power Assisted Steering Market Revenue (Million), by Propulsion Type 2024 & 2032
  100. Figure 100: MEA Power Assisted Steering Market Volume (K Tons), by Propulsion Type 2024 & 2032
  101. Figure 101: MEA Power Assisted Steering Market Revenue Share (%), by Propulsion Type 2024 & 2032
  102. Figure 102: MEA Power Assisted Steering Market Volume Share (%), by Propulsion Type 2024 & 2032
  103. Figure 103: MEA Power Assisted Steering Market Revenue (Million), by Vehicle 2024 & 2032
  104. Figure 104: MEA Power Assisted Steering Market Volume (K Tons), by Vehicle 2024 & 2032
  105. Figure 105: MEA Power Assisted Steering Market Revenue Share (%), by Vehicle 2024 & 2032
  106. Figure 106: MEA Power Assisted Steering Market Volume Share (%), by Vehicle 2024 & 2032
  107. Figure 107: MEA Power Assisted Steering Market Revenue (Million), by Power 2024 & 2032
  108. Figure 108: MEA Power Assisted Steering Market Volume (K Tons), by Power 2024 & 2032
  109. Figure 109: MEA Power Assisted Steering Market Revenue Share (%), by Power 2024 & 2032
  110. Figure 110: MEA Power Assisted Steering Market Volume Share (%), by Power 2024 & 2032
  111. Figure 111: MEA Power Assisted Steering Market Revenue (Million), by Type 2024 & 2032
  112. Figure 112: MEA Power Assisted Steering Market Volume (K Tons), by Type 2024 & 2032
  113. Figure 113: MEA Power Assisted Steering Market Revenue Share (%), by Type 2024 & 2032
  114. Figure 114: MEA Power Assisted Steering Market Volume Share (%), by Type 2024 & 2032
  115. Figure 115: MEA Power Assisted Steering Market Revenue (Million), by Sales Channel 2024 & 2032
  116. Figure 116: MEA Power Assisted Steering Market Volume (K Tons), by Sales Channel 2024 & 2032
  117. Figure 117: MEA Power Assisted Steering Market Revenue Share (%), by Sales Channel 2024 & 2032
  118. Figure 118: MEA Power Assisted Steering Market Volume Share (%), by Sales Channel 2024 & 2032
  119. Figure 119: MEA Power Assisted Steering Market Revenue (Million), by Country 2024 & 2032
  120. Figure 120: MEA Power Assisted Steering Market Volume (K Tons), by Country 2024 & 2032
  121. Figure 121: MEA Power Assisted Steering Market Revenue Share (%), by Country 2024 & 2032
  122. Figure 122: MEA Power Assisted Steering Market Volume Share (%), by Country 2024 & 2032
List of Tables
  1. Table 1: Global Power Assisted Steering Market Revenue Million Forecast, by Region 2019 & 2032
  2. Table 2: Global Power Assisted Steering Market Volume K Tons Forecast, by Region 2019 & 2032
  3. Table 3: Global Power Assisted Steering Market Revenue Million Forecast, by Propulsion Type 2019 & 2032
  4. Table 4: Global Power Assisted Steering Market Volume K Tons Forecast, by Propulsion Type 2019 & 2032
  5. Table 5: Global Power Assisted Steering Market Revenue Million Forecast, by Vehicle 2019 & 2032
  6. Table 6: Global Power Assisted Steering Market Volume K Tons Forecast, by Vehicle 2019 & 2032
  7. Table 7: Global Power Assisted Steering Market Revenue Million Forecast, by Power 2019 & 2032
  8. Table 8: Global Power Assisted Steering Market Volume K Tons Forecast, by Power 2019 & 2032
  9. Table 9: Global Power Assisted Steering Market Revenue Million Forecast, by Type 2019 & 2032
  10. Table 10: Global Power Assisted Steering Market Volume K Tons Forecast, by Type 2019 & 2032
  11. Table 11: Global Power Assisted Steering Market Revenue Million Forecast, by Sales Channel 2019 & 2032
  12. Table 12: Global Power Assisted Steering Market Volume K Tons Forecast, by Sales Channel 2019 & 2032
  13. Table 13: Global Power Assisted Steering Market Revenue Million Forecast, by Region 2019 & 2032
  14. Table 14: Global Power Assisted Steering Market Volume K Tons Forecast, by Region 2019 & 2032
  15. Table 15: Global Power Assisted Steering Market Revenue Million Forecast, by Propulsion Type 2019 & 2032
  16. Table 16: Global Power Assisted Steering Market Volume K Tons Forecast, by Propulsion Type 2019 & 2032
  17. Table 17: Global Power Assisted Steering Market Revenue Million Forecast, by Vehicle 2019 & 2032
  18. Table 18: Global Power Assisted Steering Market Volume K Tons Forecast, by Vehicle 2019 & 2032
  19. Table 19: Global Power Assisted Steering Market Revenue Million Forecast, by Power 2019 & 2032
  20. Table 20: Global Power Assisted Steering Market Volume K Tons Forecast, by Power 2019 & 2032
  21. Table 21: Global Power Assisted Steering Market Revenue Million Forecast, by Type 2019 & 2032
  22. Table 22: Global Power Assisted Steering Market Volume K Tons Forecast, by Type 2019 & 2032
  23. Table 23: Global Power Assisted Steering Market Revenue Million Forecast, by Sales Channel 2019 & 2032
  24. Table 24: Global Power Assisted Steering Market Volume K Tons Forecast, by Sales Channel 2019 & 2032
  25. Table 25: Global Power Assisted Steering Market Revenue Million Forecast, by Country 2019 & 2032
  26. Table 26: Global Power Assisted Steering Market Volume K Tons Forecast, by Country 2019 & 2032
  27. Table 27: U.S. Power Assisted Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
  28. Table 28: U.S. Power Assisted Steering Market Volume (K Tons) Forecast, by Application 2019 & 2032
  29. Table 29: Canada Power Assisted Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
  30. Table 30: Canada Power Assisted Steering Market Volume (K Tons) Forecast, by Application 2019 & 2032
  31. Table 31: Global Power Assisted Steering Market Revenue Million Forecast, by Propulsion Type 2019 & 2032
  32. Table 32: Global Power Assisted Steering Market Volume K Tons Forecast, by Propulsion Type 2019 & 2032
  33. Table 33: Global Power Assisted Steering Market Revenue Million Forecast, by Vehicle 2019 & 2032
  34. Table 34: Global Power Assisted Steering Market Volume K Tons Forecast, by Vehicle 2019 & 2032
  35. Table 35: Global Power Assisted Steering Market Revenue Million Forecast, by Power 2019 & 2032
  36. Table 36: Global Power Assisted Steering Market Volume K Tons Forecast, by Power 2019 & 2032
  37. Table 37: Global Power Assisted Steering Market Revenue Million Forecast, by Type 2019 & 2032
  38. Table 38: Global Power Assisted Steering Market Volume K Tons Forecast, by Type 2019 & 2032
  39. Table 39: Global Power Assisted Steering Market Revenue Million Forecast, by Sales Channel 2019 & 2032
  40. Table 40: Global Power Assisted Steering Market Volume K Tons Forecast, by Sales Channel 2019 & 2032
  41. Table 41: Global Power Assisted Steering Market Revenue Million Forecast, by Country 2019 & 2032
  42. Table 42: Global Power Assisted Steering Market Volume K Tons Forecast, by Country 2019 & 2032
  43. Table 43: Germany Power Assisted Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
  44. Table 44: Germany Power Assisted Steering Market Volume (K Tons) Forecast, by Application 2019 & 2032
  45. Table 45: UK Power Assisted Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
  46. Table 46: UK Power Assisted Steering Market Volume (K Tons) Forecast, by Application 2019 & 2032
  47. Table 47: France Power Assisted Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
  48. Table 48: France Power Assisted Steering Market Volume (K Tons) Forecast, by Application 2019 & 2032
  49. Table 49: Italy Power Assisted Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
  50. Table 50: Italy Power Assisted Steering Market Volume (K Tons) Forecast, by Application 2019 & 2032
  51. Table 51: Spain Power Assisted Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
  52. Table 52: Spain Power Assisted Steering Market Volume (K Tons) Forecast, by Application 2019 & 2032
  53. Table 53: Netherlands Power Assisted Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
  54. Table 54: Netherlands Power Assisted Steering Market Volume (K Tons) Forecast, by Application 2019 & 2032
  55. Table 55: Sweden Power Assisted Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
  56. Table 56: Sweden Power Assisted Steering Market Volume (K Tons) Forecast, by Application 2019 & 2032
  57. Table 57: Rest of Europe Power Assisted Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
  58. Table 58: Rest of Europe Power Assisted Steering Market Volume (K Tons) Forecast, by Application 2019 & 2032
  59. Table 59: Global Power Assisted Steering Market Revenue Million Forecast, by Propulsion Type 2019 & 2032
  60. Table 60: Global Power Assisted Steering Market Volume K Tons Forecast, by Propulsion Type 2019 & 2032
  61. Table 61: Global Power Assisted Steering Market Revenue Million Forecast, by Vehicle 2019 & 2032
  62. Table 62: Global Power Assisted Steering Market Volume K Tons Forecast, by Vehicle 2019 & 2032
  63. Table 63: Global Power Assisted Steering Market Revenue Million Forecast, by Power 2019 & 2032
  64. Table 64: Global Power Assisted Steering Market Volume K Tons Forecast, by Power 2019 & 2032
  65. Table 65: Global Power Assisted Steering Market Revenue Million Forecast, by Type 2019 & 2032
  66. Table 66: Global Power Assisted Steering Market Volume K Tons Forecast, by Type 2019 & 2032
  67. Table 67: Global Power Assisted Steering Market Revenue Million Forecast, by Sales Channel 2019 & 2032
  68. Table 68: Global Power Assisted Steering Market Volume K Tons Forecast, by Sales Channel 2019 & 2032
  69. Table 69: Global Power Assisted Steering Market Revenue Million Forecast, by Country 2019 & 2032
  70. Table 70: Global Power Assisted Steering Market Volume K Tons Forecast, by Country 2019 & 2032
  71. Table 71: China Power Assisted Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
  72. Table 72: China Power Assisted Steering Market Volume (K Tons) Forecast, by Application 2019 & 2032
  73. Table 73: India Power Assisted Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
  74. Table 74: India Power Assisted Steering Market Volume (K Tons) Forecast, by Application 2019 & 2032
  75. Table 75: Japan Power Assisted Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
  76. Table 76: Japan Power Assisted Steering Market Volume (K Tons) Forecast, by Application 2019 & 2032
  77. Table 77: South Korea Power Assisted Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
  78. Table 78: South Korea Power Assisted Steering Market Volume (K Tons) Forecast, by Application 2019 & 2032
  79. Table 79: Australia Power Assisted Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
  80. Table 80: Australia Power Assisted Steering Market Volume (K Tons) Forecast, by Application 2019 & 2032
  81. Table 81: Singapore Power Assisted Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
  82. Table 82: Singapore Power Assisted Steering Market Volume (K Tons) Forecast, by Application 2019 & 2032
  83. Table 83: Thailand Power Assisted Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
  84. Table 84: Thailand Power Assisted Steering Market Volume (K Tons) Forecast, by Application 2019 & 2032
  85. Table 85: Rest of Asia Pacific Power Assisted Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
  86. Table 86: Rest of Asia Pacific Power Assisted Steering Market Volume (K Tons) Forecast, by Application 2019 & 2032
  87. Table 87: Global Power Assisted Steering Market Revenue Million Forecast, by Propulsion Type 2019 & 2032
  88. Table 88: Global Power Assisted Steering Market Volume K Tons Forecast, by Propulsion Type 2019 & 2032
  89. Table 89: Global Power Assisted Steering Market Revenue Million Forecast, by Vehicle 2019 & 2032
  90. Table 90: Global Power Assisted Steering Market Volume K Tons Forecast, by Vehicle 2019 & 2032
  91. Table 91: Global Power Assisted Steering Market Revenue Million Forecast, by Power 2019 & 2032
  92. Table 92: Global Power Assisted Steering Market Volume K Tons Forecast, by Power 2019 & 2032
  93. Table 93: Global Power Assisted Steering Market Revenue Million Forecast, by Type 2019 & 2032
  94. Table 94: Global Power Assisted Steering Market Volume K Tons Forecast, by Type 2019 & 2032
  95. Table 95: Global Power Assisted Steering Market Revenue Million Forecast, by Sales Channel 2019 & 2032
  96. Table 96: Global Power Assisted Steering Market Volume K Tons Forecast, by Sales Channel 2019 & 2032
  97. Table 97: Global Power Assisted Steering Market Revenue Million Forecast, by Country 2019 & 2032
  98. Table 98: Global Power Assisted Steering Market Volume K Tons Forecast, by Country 2019 & 2032
  99. Table 99: Brazil Power Assisted Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
  100. Table 100: Brazil Power Assisted Steering Market Volume (K Tons) Forecast, by Application 2019 & 2032
  101. Table 101: Mexico Power Assisted Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
  102. Table 102: Mexico Power Assisted Steering Market Volume (K Tons) Forecast, by Application 2019 & 2032
  103. Table 103: Argentina Power Assisted Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
  104. Table 104: Argentina Power Assisted Steering Market Volume (K Tons) Forecast, by Application 2019 & 2032
  105. Table 105: Chile Power Assisted Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
  106. Table 106: Chile Power Assisted Steering Market Volume (K Tons) Forecast, by Application 2019 & 2032
  107. Table 107: Colombia Power Assisted Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
  108. Table 108: Colombia Power Assisted Steering Market Volume (K Tons) Forecast, by Application 2019 & 2032
  109. Table 109: Rest of Latin America Power Assisted Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
  110. Table 110: Rest of Latin America Power Assisted Steering Market Volume (K Tons) Forecast, by Application 2019 & 2032
  111. Table 111: Global Power Assisted Steering Market Revenue Million Forecast, by Propulsion Type 2019 & 2032
  112. Table 112: Global Power Assisted Steering Market Volume K Tons Forecast, by Propulsion Type 2019 & 2032
  113. Table 113: Global Power Assisted Steering Market Revenue Million Forecast, by Vehicle 2019 & 2032
  114. Table 114: Global Power Assisted Steering Market Volume K Tons Forecast, by Vehicle 2019 & 2032
  115. Table 115: Global Power Assisted Steering Market Revenue Million Forecast, by Power 2019 & 2032
  116. Table 116: Global Power Assisted Steering Market Volume K Tons Forecast, by Power 2019 & 2032
  117. Table 117: Global Power Assisted Steering Market Revenue Million Forecast, by Type 2019 & 2032
  118. Table 118: Global Power Assisted Steering Market Volume K Tons Forecast, by Type 2019 & 2032
  119. Table 119: Global Power Assisted Steering Market Revenue Million Forecast, by Sales Channel 2019 & 2032
  120. Table 120: Global Power Assisted Steering Market Volume K Tons Forecast, by Sales Channel 2019 & 2032
  121. Table 121: Global Power Assisted Steering Market Revenue Million Forecast, by Country 2019 & 2032
  122. Table 122: Global Power Assisted Steering Market Volume K Tons Forecast, by Country 2019 & 2032
  123. Table 123: Saudi Arabia Power Assisted Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
  124. Table 124: Saudi Arabia Power Assisted Steering Market Volume (K Tons) Forecast, by Application 2019 & 2032
  125. Table 125: UAE Power Assisted Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
  126. Table 126: UAE Power Assisted Steering Market Volume (K Tons) Forecast, by Application 2019 & 2032
  127. Table 127: South Africa Power Assisted Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
  128. Table 128: South Africa Power Assisted Steering Market Volume (K Tons) Forecast, by Application 2019 & 2032
  129. Table 129: Egypt Power Assisted Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
  130. Table 130: Egypt Power Assisted Steering Market Volume (K Tons) Forecast, by Application 2019 & 2032
  131. Table 131: Nigeria Power Assisted Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
  132. Table 132: Nigeria Power Assisted Steering Market Volume (K Tons) Forecast, by Application 2019 & 2032
  133. Table 133: Rest of MEA Power Assisted Steering Market Revenue (Million) Forecast, by Application 2019 & 2032
  134. Table 134: Rest of MEA Power Assisted Steering Market Volume (K Tons) Forecast, by Application 2019 & 2032

STEP 1 - Identification of Relevant Samples Size from Population Database

Step Chart
bar chart
method chart

STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

approach chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.

Note* : In applicable scenarios

STEP 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
approach chart

STEP 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.

Frequently Asked Questions

Which companies are prominent players in the Power Assisted Steering Market?

Key companies in the market include JTEKT Corporation,SHOWA Corporation,Nexteer Automotive,NSK Steering Systems Co., Ltd.,Mando Corp,ZF Friedrichshafen AG,Robert Bosch GmbH

What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4,850 , USD 5,350, and USD 8,350 respectively.

What are the notable trends driving market growth?

.

Are there any restraints impacting market growth?

Higher operation life and ease of repair to limit aftermarket revenue generation.

Are there any additional resources or data provided in the report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

What is the projected Compound Annual Growth Rate (CAGR) of the Power Assisted Steering Market ?

The projected CAGR is approximately 4.6%.

Can you provide details about the market size?

The market size is estimated to be USD 14,896.69 Million as of 2022.

Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in Million and volume, measured in K Tons.

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