ABSTRACT
About Automotive Steering System
An automotive steering system acts as a direct line of control and communication between the driver and vehicle. From being rigid mechanisms, automotive steering systems have evolved into more technologically advanced, reliable, smooth, and easy-to-use systems. Modern automotive steering systems are equipped with advanced safety systems and advanced driver assistance systems (ADAS) such as airbags in steering wheels, anti-lock braking system (ABS), adaptive cruise control (ACC), and power assisted steering (PAS) to ensure safe and smooth driving and to provide improved directional stability and agility to the vehicle.
Technavio’s analysts forecast the global automotive steering system market to grow at a CAGR of 3.70% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive steering system market for 2017-2021. To calculate the market size, the report considers the sales of automotive steering system, globally. In addition, the report discusses the major drivers that influence the growth of the market and outlines the challenges faced by the operators and the market at large, as well as the emerging trends in the market.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Automotive Steering System 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
• Bosch
• Nexteer
• ThyssenKrupp
Other prominent vendors
• Atmel
• DENSO
• Mitsubishi Electric
• Tianjin
• China Automotive Systems
• NSK
Market driver
• Increase in sales of passenger cars and SUVs
• For a full, detailed list, view our report
Market challenge
• Increase in number of on-demand taxi operators in China and India
• For a full, detailed list, view our report
Market trend
• Development of four-wheel steering system
• 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?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
• Market overview
• Top-vendor offerings
PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
• Automotive steering systems: An introduction
• Classification of power steering
• Components of a typical power steering system
• Evolution of steering systems
PART 05: Market landscape
• Market overview
• Market size and forecast
• Five forces analysis
PART 06: Market segmentation by application
• Market overview
• Global automotive steering system market by passenger cars
• Global automotive steering system market by LCVs
• Global automotive steering system market by M&HCVs
PART 07: Geographical segmentation
• Global automotive steering system market by geography
• Automotive steering system market in EMEA
• Automotive steering system market in APAC
• Automotive steering system market in Americas
PART 08: Key leading countries
PART 09: Market drivers
• Increase in sales of passenger cars and SUVs
• Low penetration of cars in emerging economies
• Increase in demand for fuel-efficient vehicles
PART 10: Impact of drivers
PART 11: Market challenges
• Increase in number of on-demand taxi operators in China and India
• Government regulations for owning cars in China
• Rise in car-sharing services in China, India, and Brazil
PART 12: Impact of drivers and challenges
PART 13: Market trends
• Phasing out of hydraulic power steering system
• Development of four-wheel steering system
• Growing penetration of steer-by-wire technology
PART 14: Vendor landscape
• Other prominent vendors
PART 15: Key vendor analysis
• Bosch
• Nexteer
• thyssenKrupp
PART 16: Appendix
• List of abbreviations
List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Steering system types
Exhibit 03: Power steering system types
Exhibit 04: Power steering system components
Exhibit 05: Product life cycle of steering systems
Exhibit 06: Global automotive steering system market
Exhibit 07: Global automotive steering system market 2016-2021 (millions of units)
Exhibit 08: Five forces analysis
Exhibit 09: Segmentation of global automotive steering system market 2016 and 2021
Exhibit 10: Global automotive steering system market by passenger cars 2016-2021 (millions of units)
Exhibit 11: Global automotive steering system market by LCVs 2016-2021 (millions of units)
Exhibit 12: Global automotive steering system market by M&HCVs 2016-2021 (millions of units)
Exhibit 13: Global automotive steering system market by geography 2016 and 2021
Exhibit 14: Automotive steering system market in EMEA 2016-2021 (millions of units)
Exhibit 15: Automotive steering system market in APAC 2016-2021 (millions of units)
Exhibit 16: Automotive steering system market in Americas 2016-2021 (millions of units)
Exhibit 17: Key leading countries
Exhibit 18: Impact of drivers
Exhibit 19: Impact of drivers and challenges
Exhibit 20: Bosch: Business segmentation by revenue 2016
Exhibit 21: Bosch: Geographical segmentation by revenue 2016
Exhibit 22: Bosch: Product portfolio
Exhibit 23: Bosch: Recent developments
Exhibit 24: Nexteer: Product segmentation by revenue 2015
Exhibit 25: Nexteer: Geographical segmentation by revenue 2015
Exhibit 26: Nexteer: Automotive steering system product portfolio
Exhibit 27: Nexteer: Recent developments
Exhibit 28: thyssenKrupp: Business segmentation by revenue 2016
Exhibit 29: thyssenKrupp: Geographical segmentation by revenue 2016
Exhibit 30: ThyssenKrupp: Recent developments
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