2017 – 2021: Automotive Steering Systems Global Market
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This research study analyzes the automotive steering systems market on a global level and provides estimates in terms of revenue (USD) from 2015 to 2021. It gives a comprehensive overview of the automotive Steering Systems industry from all the important aspects of the market. It recognizes the drivers and restraints affecting the industry and analyzes their impact over the forecast period. Moreover, it identifies the significant opportunities for market growth in the coming years.
Steering systems in automobile is the direct contact of the driver with its vehicle. The function of steering systems is to maneuver the vehicle to avoid obstacles or take a turn. Steering Systems are of basically three types such as Hydraulic Power Steering (HPS), Electronic Power Steering (EPS) and Electro-Hydraulic Power Steering (EHPS). Electronic Power Steering offers better mileage and is much easier to operate than hydraulic power steering. An Electro-Hydraulic Power Steering system combines the advantages of both EPS and HPS and offers the best maneuverability and fuel efficiency.
Rising fuel prices has led the consumers to go for more fuel efficient vehicles, which in turn is fueling the demand for hydraulic power steering and electro-hydraulic power steering system over hydraulic power steering system. Safety features such as Electronic Stability Control (ESC), Anti-Lock Braking System (ABS) integrated with electronic steering systems is also fueling the demand for Electronic Power Steering and Electro-Hydraulic Power Steering system over Hydraulic Power Steering system.
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The report also provides company market share analysis of the various industry participants along with company overview, financial overview, business strategies and recent developments in the field of automotive lighting system market. Major market participants profiled in this report include TRW Automotive Holdings (U.S.), Mitsubishi Electric Corporation (Japan), Hyundai Mobis Co. Ltd (South Korea), Sona Koyo Steering Systems Ltd (India), Robert Bosch Automotive Steering GmbH (Germany), JTEKT Corporation (Japan), Nexteer Automotive (U.S.), Thyssenkrupp Presta AG Aktiengesellschaft (U.S.), China Automotive Systems Inc. (China) and ZF Friedrichshafen Manufacturing Company (Germany).
The report segments the Automotive Steering Systems market as follows:
Global Automotive Steering Systems Market: By Vehicle Type
- Heavy Commercial Vehicle (HCV)
- Light Commercial Vehicle (LCV)
- Passenger Vehicle
Global Automotive Steering Systems Market: By Steering Systems type
- Electronic Power Steering (EPS)
- Electro-Hydraulic Power Steering (EHPS)
- Hydraulic Power Steering (HPS)
The report provides cross-sectional analysis of all the above mentioned segments with respect to the below mentioned regions:
Global Automotive Steering Systems Market: By Geography/ Country
- North America
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