Automotive Power Steering Systems Market By Product Type (Electronic Power Steering (EPS), Hydraulic Power Steering (HPS), Electronic & Hydraulic Power Steering (EHPS) ), By Vehicle Class (Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (LCV), Off-Road Vehicles), By End-Market (Original Equipment Manufacturers (OEMS), Aftermarket ) - Growth, Future Prospects And Competitive Analysis, 2017 - 2025

Automotive steering system is among the most integral parts installed automobile vehicles. Steering systems allows the driver to control and maneuver the vehicle in desired direction. The basic components of an automotive steering system include steering wheel, steering column, universal joints, rack & pinion mechanism and other control mechanism. Over the period of time, the overall automotive steering systems industry has witnessed paradigm shift, in terms of operating mechanism. The industry has evolved dynamically starting from rigid manual steering to flexible power assisted steering systems. This provides easy maneuverability, better vehicle stability and reduced driver fatigue. Additionally, power assisted steering systems are designed to enhance the fuel efficiency, thereby driving the market penetration.

The overall automotive power steering systems market is primarily driven by the consistently growing automotive industry worldwide. With the rising discretionary income of the people worldwide, consumption of luxury and semi-luxury vehicles has risen considerably since the past couple of decades. Subsequently, automotive steering systems too have witnessed profound advancements in operating mechanism and comfort. Moreover, phasing out manual steering systems is another major factor propelling the demand for power steering systems. Due to continually growing automotive production along with demand for high-end vehicles, the market is set to continue growing steadily in the following years.

Automotive Power Steering Systems Market

The report titled “Global Automotive Power Steering Systems Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025” offers strategic insights into the global automotive power steering systems market along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of market segments based on product type, vehicle class, end-market and cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. In addition, the report includes a section providing insights on the key trends followed in the market.

In order to help strategic decision makers, the report also includes competitive profiling of the leading automotive power steering system vendors, their business strategy analysis, market positioning and key developments. Some of the major players profiled in the report are Robert Bosch Automotive Steering GmbH, Mitsubishi Electric Corporation, Hyundai Mobis Co., Ltd., JTEKT Corporation, ThyssenKrupp Presta AG, Nexteer Automotive Group Ltd., ZF Friedrichshafen AG (TRW Automotive), China Automotive Systems, Inc., Mando Corporation, Delphi Automotive Plc., Daimler AG and several others. Apart from the company profiles, the report includes a section covering the competitive landscape wherein the market positioning of the companies has been discussed. The section also provides a view of key business strategies adopted by the leading market players. Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the automotive power steering systems industry
  • Comparative analysis for different segments for the years 2016 & 2025
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis including the positioning of market players and their business strategy analysis
  • Trailing 2-Year market size data (2015 – 2016)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global automotive power steering systems market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above mentioned factors.

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Published Date:  Sep 2017
Category:  Automotive & Transportation
Report ID:   58706
Report Format:   PDF
Pages:   120
Rating:    4.3 (55)
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