JTEKT Corporation Overview
Pro stress-test →JTEKT Corporation is a Japanese corporation created in January 2006 upon the merger of Koyo Seiko Co. and Toyoda Machine Works. The company is mainly engaged in the manufacture and sale of products related to the automotive, industrial machinery and bearings, and machine tools businesses. The JTEKT Group is striving to transform into a solution provider that creates the future of mobility society through Monozukuri and Monozukuri equipment.
Strategic Profile
Pro stress-test →According to the Company, it has the world's largest market share in the power-steering segment. JTEKT's ambition is to be among the world's top 10 automotive parts suppliers in all four product categories and is presently the leading steering systems manufacturer in Japan. The company plans to launch next-generation steer-by-wire (SBW) products by the 2026 fiscal year and migrate to high value-added products such as electric power steering (EPS) systems.
Competitive Landscape
Pro stress-test →JTEKT competes as a leading supplier in steering systems, driveline components, and bearings for the global automotive industry. The company faces competition from other major automotive parts suppliers in Japan and globally, with strength in steering systems and strategic focus on electric and autonomous vehicle technologies.
Industry Context
JTEKT Corporation operates in Automotive Components Manufacturing & Machine Tools.
Key facts
Founded: 2006 · Headquarters: Kariya, Japan · Employees: 45,018 · Revenue: $13.0B · Market cap: $3.6B