At A CAGR Of 3.94%, Global Automotive Power Steering Gears Market Will Grow During The Period 2017 – 2021

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Automotive power steering helps the driver to steer the wheels by controlling the steering effort on the wheel. In power steering, electric motors help the steering motion instead of hydraulic systems.

Technavios analysts forecast the global automotive power steering gears market to grow at a CAGR of 3.94% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global automotive power steering gears market for 2017-2021. To calculate the market size, the report considers the new installations, shipments, and volume.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio’s report, Global Automotive Power Steering Gears Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

GKN
Nexteer Automotive
Thyssenkrupp
ZF Friedrichshafen

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Other prominent vendors
ATS Automation Tooling Systems
JTEKT
Mando
Robert Bosch

Market driver
Growing penetration of utility vehicles in APAC
For a full, detailed list, view our report

Market challenge

Steering gear replacement cost
For a full, detailed list, view our report

Market trend
Growing pursuit of electrohydraulic power steering in HCVs
For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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