Japan Steering Joints Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Universal Joints, Ball Joints, Tie Rod Ends, and Others), By Material Type (Steel, Aluminium, and Others), By Vehicle Type (Passenger Cars, Commercial Vehicles, and Off-Highway Vehicles), By Sales Channel (OEM and Aftermarket), and Japan Steering Joints Market Insights, Industry Trend, Forecasts to 2035

Japan Steering Joints Market Insights Forecasts to 2035

• The Japan Steering Joints Market Size is Expected to Grow at a CAGR of 5.1% from 2025 to 2035

• The Japan Steering Joints Market Size is Expected to Hold a Significant Share by 2035

According to a research report published by Spherical Insights & Consulting, the Japan steering joints market is expected to hold a significant share by 2035, at a CAGR of 5.1 % during the forecast period 2025-2035.  The market for Japan steering joints is on the rise due to the growing adoption of electric power steering (EPS) systems and the development of steering technology. Improved fuel efficiency, increased safety, as well as demands for a sophisticated driving experience, are also driving the market.

Market Overview

The Japan steering joints market refers to the parts that link different components of a vehicle's steering system, enabling free movement and smooth control. Such joints play a vital role in providing smooth maneuverability and stability of driving, particularly in contemporary vehicles with sophisticated steering systems. The market is led by surging vehicle manufacturing, growing demand for hybrid and electric vehicles, and increasing vehicle safety and performance focus. Japan's powerful automotive production foundations and technology dominance in precision engineering are major assets, supporting innovation and excellence-based production standards. Moreover, the rising use of autonomous and electric cars opens up new prospects for new-generation steering joint technologies, including steer-by-wire technology. Consumer demand for high-performance, low-maintenance cars also drives the market forward. In addition, government policies for encouraging electric mobility and lowering carbon emissions are giving an impetus to demand for sophisticated automotive parts, such as steering joints.

Report Coverage

This research report categorizes the market for the Japan steering joints market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan steering joints market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan steering joints market.

Driving Factors

The Japan steering joints market is primarily driven by several critical factors, including the country's well-developed automotive industry, which is known for its innovation and precision work. In addition, the production and adoption of electric and hybrid vehicles require more advanced, better-performing, and efficient types of steering systems. Further driving demand for high-performance steering joints is increasing consumer awareness towards safety, vehicle stability, and comfort while driving. Technological advances such as steer-by-wire systems are also driving the Japan steering joints market. Developments on electric mobility, carbon reduction-related initiatives by local government, and an increase in funding to support research and development capabilities in the automotive sector will all further accelerate market development and technological improvements in Japan.

Restraining Factors

The Japan steering joints market is restrained by high production costs, innovations in technology that amplify the complexity of advanced steering systems in aspects of developing, manufacturing, and implementing vehicle steering systems, and the time it takes for conventional to transition to modern steering technology presents an ongoing limitation facing the market.

Market Segmentation

The Japan steering joints market share is classified into product type, material type, vehicle type, and sales channel.

• The universal joints segment dominated the market in 2024 and is expected to grow at a significant CAGR during the forecast period.

The Japan steering joints market is segmented by product type into universal joints, ball joints, tie rod ends, and others. Among these, the universal joints segment dominated the market in 2024 and is expected to grow at a significant CAGR during the forecast period. This is due to their heavy usage in industrial and commercial applications, where reliability and toughness are considerations. Universal joints have come to be valued for their capacity to deal with misalignment, lower noise levels, and improve vibration damping, making them a fundamental element of contemporary steering systems.

• The steel segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The Japan steering joints market is segmented by material type into steel, aluminium, and others.            Among these, the steel segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is due to their application in steering joint production, prized for their durability, strength, and affordability. The use of steel steering joints is prompted by their resistance to high torque and stress, holding them fit for diverse vehicle types, ranging from commercial vehicles and passenger cars to heavy commercial vehicles.

• The passenger cars segment held the largest market share in 2024 and is anticipated to grow at a substantial CAGR during the forecast period.

The Japan steering joints market is segmented by vehicle type into passenger cars, commercial vehicles, and off-highway vehicles. Among these, the passenger cars segment held the largest market share in 2024 and is anticipated to grow at a substantial CAGR during the forecast period. This is attributed to the demand for steering joints is fuelled by the requirement for improved driving comfort, safety, and fuel economy. Consumers are moving toward more premium vehicles with feature-rich steering technologies, manufacturers are intent on creating high-end steering joint solutions that meet these demands.

• The OEM segment dominated the market in 2024 and is expected to grow at a significant CAGR during the forecast period.

The Japan steering joints market is segmented by sales channel into OEM and aftermarket. Among these, the OEM segment dominated the market in 2024 and is expected to grow at a significant CAGR during the forecast period. The OEM is due to the large-scale nature of vehicle manufacturing around the world. Auto manufacturers are more and more requiring superior quality, consistent steering components meeting high safety and performance requirements. Steering joint makers work closely with auto manufacturers to create tailored solutions consistent with individual vehicle models and technological innovations.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan steering joints market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Denso Corporation
• Aisin Corporation
• JTEKT Corporation
• Nexteer Automotive
• NSK Ltd
• Toyoda Gosei
• GMB Corporation
• NHK Spring Co., Ltd
• Tenneco
• NOK Corporation
• Showa Corporation
• Others

Recent Developments:

• In May 2022, NSK Ltd. and ThyssenKrupp AG signed an MoU to study a joint venture between NSK Steering and ThyssenKrupp Automotive. Both companies' steering businesses are strongly synergetic and complementary in the area of product competencies, geographic reach, and customer base

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Japan, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Japan steering joints market based on the below-mentioned segments:

Japan Steering Joints Market, By Product Type

• Universal Joints
• Ball Joints
• Tie Rod Ends
• Others

Japan Steering Joints Market, By Material Type

• Steel
• Aluminium
• Others

Japan Steering Joints Market, By Vehicle Type

• Passenger Cars
• Commercial Vehicles
• Off-Highway Vehicles

Japan Steering Joints Market, By Sales Channel

• OEM
• Aftermarket