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Steering Market Projected to Reach USD 35.99 Billion USD by 2020

Steering Market report categorizes the global market by EPS Type (C-EPS, R-EPS & P-EPS), System (EPS, EHPS), Component, Vehicle Type (LCV, HCV), & by Region.

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Steering Market Projected to Reach USD 35.99 Billion USD by 2020

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  1. MarketsandMarkets Presents Steering Market Expected to Reach USD 35.99 Billion USD by 2020

  2. The report “Steering Market by System (EPS, EHPS & HPS), EPS Type (C-EPS, R-EPS & P-EPS), Component (Hydraulic Pump, Power Steering Column, Steering Wheel Speed Sensor, Electric Motor), Vehicle Type (PC, LCV, HCV & Agriculture Tractors), & by Region - Forecast to 2020”, defines and classifies the global steering market for automotive industry in terms of volume and value. The report projects the potential growth and covers the drivers, restraints, opportunities, dynamics, competitive landscape, and other key aspects of the steering market for the automotive industry. It also includes profiles of key players operating in the market. • Browse • 76 market data tables • 63 figures • 188 pages and in-depth TOC on “Steering Market” • You can speak to our analyst@ • http://www.marketsandmarkets.com/speaktoanalyst.asp?id=940

  3. Source: MarketsandMarkets Analysis

  4. The global steering market for the automotive industry is projected to grow to reach USD 35.99 Billion by 2020, at a CAGR of 6.18% over the period under study. The report covers global steering market (by volume and value) for automotive industry by system type (EPS, HPS, & EHPS); by EPS types (C-EPS, R-EPS & P-EPS); by vehicle type (passenger car, light commercial vehicles, heavy commercial vehicles, and agriculture tractors) and by region. According to MarketsandMarkets analysis, the EPS systems and Asia-Oceania region are projected to dominate the steering system market globally. The steering system market size is projected to grow at a promising CAGR of 6.18% during the forecast period, to reach USD35.99 Billion by 2020. The recent increase in demand for automobiles in the U.S. and Mexico has confirmed that the North American automotive industry has begun its recovery phase and according to industry experts, the market is projected to continue with a similar growth trend over the next five years, till 2020. Owing to this, the demand for steering systems in the region is estimated to grow at the highest rate by volume during the study period. Factors such as shift in consumer demand towards other brands, stringent regulatory requirements, and technological advancements are projected to drive the demand for automobiles in this region. The report segments the EPS system market further in three segments – Column-EPS (C-EPS), Rack-EPS (R-EPS) and Pinion-EPS (P-EPS). The P-EPS & C-EPS markets are projected to lead the EPS systems market in terms of volume, as well as value. The P-EPS systems have an integrated controller-motor unit and assist mechanism on pinion gear shaft, whereas the in C-EPS, these electronic systems are integrated with the steering column assist mechanism. The Asia-Oceania region is dominated by C-EPS and P-EPS systems, whereas R-EPS systems are predominately used in the European region.

  5. The steering system market report also covers the market for steering systems for agriculture tractors. The tractors usually are equipped with manual or hydraulic assisted steering systems, owing to the extreme conditions they work in. Asia-Oceania is the leading region in terms of population, land under cultivation and food demand. Hence, the demand for agricultural tractors is observed to be the maximum in this region, and subsequently, the region dominates the steering system market. • The global steering system market is dominated by some international players such as JTEKT Corporation (Japan), Robert Bosch GmbH (Germany), ZF Friedrichshafen AG (Germany), NSK Ltd. (Japan) and Nexteer Automotive Group Ltd. (U.S.) among others. • Automotive steering industry is continuously evolving as per the demands from the OEMs. Continuing the same, the manufacturers of steering systems are now focusing on ‘steer-by-wire’ technology, which will eliminate all mechanical linkages and work solely on electronic inputs. To name a few, concept vehicles such as Filo, NOVANTA by SKF, Hy-Wire by GM, and many others have tested this technology. Direct Adaptive Steering (DAS), launched by Infiniti, is the first form of automotive Steer-by-Wire technology that went into production in its Q50 model. • Target Audience • Steering System manufacturers • Steering component manufacturers • Raw material suppliers for Steering System & component manufacturers • Distributors and suppliers of Steering System and its components • Automotive OEMs • Industry associations and experts

  6. Scope of the Report: • The global steering system market is studied in terms of volume (‘000 units) and value (USD million) under the following segments: • By System Type • EPS • HPS • EHPS • By EPS Types • C-EPS • R-EPS • P-EPS • By Vehicle Type • Passenger Car • Light Commercial Vehicles • Heavy Commercial Vehicles • Agriculture Tractors • By Region • Asia-Oceania • Europe • North America • RoW

  7. Available Customizations: • Regional Analysis • Further breakdown of the Rest of Europe on-highway steering system market into country-level markets such as Italy, Portugal, Belgium, the Netherlands, and Sweden • Further breakdown of the Rest of Asia-Oceania steering system market into country-level markets such as Malaysia, Thailand, Singapore, and Australia • Manual Steering Market, By Type • Rack and Pinion • Cam & Lever system • Re-circulating ball system • Worm & Roller system • Worm & Sector steering system • Electric Power Steering (EPS) Market, By Components • Steering Wheel • Column, Motor • Torque Sensor • ECU • Steering Gear

  8. Hydraulic Power Steering (HPS) Market, By Components • Steering Wheel • Column • ECU • Rotory Control Valve • Power Steering Pump • Hydraulic Piston • Pinion Pump • Electro Hydraulic Power Steering (EHPS) Market, By Components • Steering Wheel • Column • ECU • Motor • Pump • Torque Sensor • Cylinder • Hydraulic Piston • Pinion Pump

  9. Contact Us Mr. Rohan North - Dominion Plaza,17304, Preston Road,Suite 800, Dallas, TX 75252Tel: +1-888-600-6441Email: sales@marketsandmarkets.com http://www.linkedin.com/company/marketsandmarkets

  10. About MarketsandMarkets MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. They cover thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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