The global automotive power steering systems market is estimated to hit US$ 35 Bn by 2025.
Browse the full report at https://www.credenceresearch.com/report/automotive-power-steering-systems-market
Market Insights
The automotive power steering systems have undergone rapid advancement since the past few decades. Consistently rising automotive sales worldwide has forced the automotive vehicles as well as components manufacturers to introduce advanced auto parts so as to make driving more comfortable, safe and efficient. This has steadily led to reduced use of manual steering systems. Today, most of the vehicles manufactured worldwide are installed with power steering systems, leading to strong demand from the automotive industry.
The overall automotive power steering systems market is primarily driven by the consistently rising automotive industry worldwide. The automotive industry, especially in developed economies like North America and Western Europe witnessed a gradual slowdown in the beginning of this decade owing to unstable economic conditions. However, with financial markets showing economic stability, the automotive industry in these regions is poised to regain its original growth levels, offering the necessary push to the market growth, especially during the first half of the forecast period. This, in turn is expected to have positive impact of the growth of the automotive power steering systems market.
Even though the economic instability had relatively less effect on the Asia Pacific automotive industry, the automotive market experienced moderately sluggish growth during the slack period. Apart from China, all other leading markets including India, Japan, Indonesia and Thailand exhibited inconsistent growth in automotive production during the period 2011 – 2016. However, each of these countries witnessed a positive growth rate in production between 2011 and 2016.
The overall automotive power steering systems market is categorized on the basis of steering type, vehicle class and end market. Based on the steering types, the market is classified into hydraulic power steering (HPS), electric power steering (EPS) and electro-hydraulic power steering (EHPS) system. The market is categorized, based vehicle class, into passenger cars, light commercial vehicles (LCV), heavy commercial vehicles (HCV) and off-road vehicles. As of 2016, the market is led by the passenger vehicles segment, accounting for more than forty percent of the total market revenue generated worldwide. Further, on the basis of end-markets, the market is segmented into original equipment manufacturers (OEMs) and aftermarket sales.
Key Trends
- Growing efforts towards development of steer-by-wire steering systems
- Developing steering systems for off-road vehicles
- Introduction of electronic elements for enhanced vehicle control
Get Sample Copy / request For Customization: https://www.credenceresearch.com/sample-request/58706
ToC:
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Automotive Power Steering Systems Market
2.2 Global Automotive Power Steering Systems Market, By Product Type
2.3 Global Automotive Power Steering Systems Market, By Vehicle Class
2.4 Global Automotive Power Steering Systems Market, By End-market
2.5 Global Automotive Power Steering Systems Market, By Geography
Chapter 3 Market Dynamics
3.1 Market Overview
3.1.1 Global Automotive Power Steering Systems Market Revenue and Growth, 2015 – 2025, (US$ Bn) (Y-o-Y %)
3.2 Market Drivers
3.3 Market Growth Inhibitors
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends and Future Outlook
3.5 Attractive Investment Proposition
3.6 Competitive Analysis
3.6.1 Market Positioning of Key Vendors
3.6.2 Key Strategies Adopted by the Leading Players
Chapter 4 Global Automotive Power Steering Systems Market Analysis, by Product Type
4.1 Market Analysis
4.2 Electronic Power Steering (EPS)
4.3 Hydraulic Power Steering (HPS)
4.4 Electronic & Hydraulic Power Steering (EHPS)
Chapter 5 Global Automotive Power Steering Systems Market Analysis, by Vehicle Class
5.1 Market Analysis
5.2 Passenger Cars
5.3 Light Commercial Vehicles (LCV)
5.4 Heavy Commercial Vehicles (LCV)
5.5 Off-road Vehicles
Chapter 6 Global Automotive Power Steering Systems Market Analysis, by End-market
6.1 Market Analysis
6.2 Original Equipment Manufacturers (OEMs)
6.3 Aftermarket
Chapter 7 North America Automotive Power Steering Systems Market Analysis
7.1 Overview
7.2 North America Automotive Power Steering Systems Market Analysis, By Product Type, 2015 – 2025
7.2.1 Market Analysis
7.3 North America Automotive Power Steering Systems Market Analysis, By Vehicle Class, 2015 – 2025
7.3.1 Market Analysis
7.4 North America Automotive Power Steering Systems Market Analysis, By End-market, 2015 – 2025
7.4.1 Market Analysis
7.5 North America Automotive Power Steering Systems Market Analysis, By Region, 2015 – 2025
7.5.1 U.S.
7.5.1.1 U.S. Automotive Power Steering Systems Market Revenue, by Product Type, 2015 – 2025 (US$ Bn)
7.5.1.2 U.S. Automotive Power Steering Systems Market Revenue, by Vehicle Class, 2015 – 2025 (US$ Bn)
7.5.1.3 U.S. Automotive Power Steering Systems Market Revenue, by End-market, 2015 – 2025 (US$ Bn)
7.5.2 Canada
7.5.2.1 Canada Automotive Power Steering Systems Market Revenue, by Product Type, 2015 – 2025 (US$ Bn)
7.5.2.2 Canada Automotive Power Steering Systems Market Revenue, by Vehicle Class, 2015 – 2025 (US$ Bn)
7.5.2.3 Canada Automotive Power Steering Systems Market Revenue, by End-market, 2015 – 2025 (US$ Bn)
Chapter 8 Europe Automotive Power Steering Systems Market Analysis
8.1 Overview
8.2 Europe Automotive Power Steering Systems Market Analysis, By Product Type, 2015 – 2025
8.2.1 Market Analysis
8.3 Europe Automotive Power Steering Systems Market Analysis, By Vehicle Class, 2015 – 2025
8.3.1 Market Analysis
8.4 Europe Automotive Power Steering Systems Market Analysis, By End-market, 2015 – 2025
8.4.1 Market Analysis
8.5 Europe Automotive Power Steering Systems Market Analysis, By Region, 2015 – 2025
8.5.1 U.K.
8.5.1.1 U.K. Automotive Power Steering Systems Market Revenue, by Product Type, 2015 – 2025 (US$ Bn)
8.5.1.2 U.K. Automotive Power Steering Systems Market Revenue, by Vehicle Class, 2015 – 2025 (US$ Bn)
8.5.1.3 U.K. Automotive Power Steering Systems Market Revenue, by End-market, 2015 – 2025 (US$ Bn)
8.5.2 Germany
8.5.2.1 Germany Automotive Power Steering Systems Market Revenue, by Product Type, 2015 – 2025 (US$ Bn)
8.5.2.2 Germany Automotive Power Steering Systems Market Revenue, by Vehicle Class, 2015 – 2025 (US$ Bn)
8.5.2.3 Germany Automotive Power Steering Systems Market Revenue, by End-market, 2015 – 2025 (US$ Bn)
8.5.3 Russia
8.5.3.1 Russia Automotive Power Steering Systems Market Revenue, by Product Type, 2015 – 2025 (US$ Bn)
8.5.3.2 Russia Automotive Power Steering Systems Market Revenue, by Vehicle Class, 2015 – 2025 (US$ Bn)
8.5.3.3 Russia Automotive Power Steering Systems Market Revenue, by End-market, 2015 – 2025 (US$ Bn)
8.5.4 Rest of Europe
8.5.4.1 Rest of Europe Automotive Power Steering Systems Market Revenue, by Product Type, 2015 – 2025 (US$ Bn)
8.5.4.2 Rest of Europe Automotive Power Steering Systems Market Revenue, by Vehicle Class, 2015 – 2025 (US$ Bn)
8.5.4.3 Rest of Europe Automotive Power Steering Systems Market Revenue, by End-market, 2015 – 2025 (US$ Bn)
Chapter 9 Asia Pacific Automotive Power Steering Systems Market Analysis
9.1 Overview
9.2 Asia Pacific Automotive Power Steering Systems Market Analysis, By Product Type, 2015 – 2025
9.2.1 Market Analysis
9.3 Asia Pacific Automotive Power Steering Systems Market Analysis, By Vehicle Class, 2015 – 2025
9.3.1 Market Analysis
9.4 Asia Pacific Automotive Power Steering Systems Market Analysis, By End-market, 2015 – 2025
9.4.1 Market Analysis
9.5 Asia Pacific Automotive Power Steering Systems Market Analysis, By Region, 2015 – 2025
9.5.1 China
9.5.1.1 China Automotive Power Steering Systems Market Revenue, by Product Type, 2015 – 2025 (US$ Bn)
9.5.1.2 China Automotive Power Steering Systems Market Revenue, by Vehicle Class, 2015 – 2025 (US$ Bn)
9.5.1.3 China Automotive Power Steering Systems Market Revenue, by End-market, 2015 – 2025 (US$ Bn)
9.5.2 Japan
9.5.2.1 Japan Automotive Power Steering Systems Market Revenue, by Product Type, 2015 – 2025 (US$ Bn)
9.5.2.2 Japan Automotive Power Steering Systems Market Revenue, by Vehicle Class, 2015 – 2025 (US$ Bn)
9.5.2.3 Japan Automotive Power Steering Systems Market Revenue, by End-market, 2015 – 2025 (US$ Bn)
9.5.3 South Asia
9.5.3.1 South Asia Automotive Power Steering Systems Market Revenue, by Product Type, 2015 – 2025 (US$ Bn)
9.5.3.2 South Asia Automotive Power Steering Systems Market Revenue, by Vehicle Class, 2015 – 2025 (US$ Bn)
9.5.3.3 South Asia Automotive Power Steering Systems Market Revenue, by End-market, 2015 – 2025 (US$ Bn)
9.5.4 Rest of Asia Pacific
9.5.4.1 Rest of Asia Pacific Automotive Power Steering Systems Market Revenue, by Product Type, 2015 – 2025 (US$ Bn)
9.5.4.2 Rest of Asia Pacific Automotive Power Steering Systems Market Revenue, by Vehicle Class, 2015 – 2025 (US$ Bn)
9.5.4.3 Rest of Asia Pacific Automotive Power Steering Systems Market Revenue, by End-market, 2015 – 2025 (US$ Bn)
Chapter 10 Rest of the World (RoW) Automotive Power Steering Systems Market Analysis
10.1 Overview
10.2 RoW Automotive Power Steering Systems Market Analysis, By Product Type, 2015 – 2025
10.2.1 Market Analysis
10.3 RoW Automotive Power Steering Systems Market Analysis, By Vehicle Class, 2015 – 2025
10.3.1 Market Analysis
10.4 RoW Automotive Power Steering Systems Market Analysis, By End-market, 2015 – 2025
10.4.1 Market Analysis
10.5 RoW Automotive Power Steering Systems Market Analysis, By Region, 2015 – 2025
10.5.1 Middle East & Africa (MEA)
10.5.1.1 MEA Automotive Power Steering Systems Market Revenue, by Product Type, 2015 – 2025 (US$ Bn)
10.5.1.2 MEA Automotive Power Steering Systems Market Revenue, by Vehicle Class, 2015 – 2025 (US$ Bn)
10.5.1.3 MEA Automotive Power Steering Systems Market Revenue, by End-market, 2015 – 2025 (US$ Bn)
10.5.2 Latin America
10.5.2.1 Latin America Automotive Power Steering Systems Market Revenue, by Product Type, 2015 – 2025 (US$ Bn)
10.5.2.2 Latin America Automotive Power Steering Systems Market Revenue, by Vehicle Class, 2015 – 2025 (US$ Bn)
10.5.2.3 Latin America Automotive Power Steering Systems Market Revenue, by End-market, 2015 – 2025 (US$ Bn)
Chapter 11 Company Profiles
11.1 Robert Bosch Automotive Steering GmbH
11.2 Mitsubishi Electric Corporation
11.3 Hyundai Mobis Co., Ltd.
11.4 JTEKT Corporation
11.5 ThyssenKrupp Presta AG
11.6 Nexteer Automotive Group Ltd.
11.7 ZF Friedrichshafen AG (TRW Automotive)
11.8 China Automotive Systems, Inc.
11.9 Mando Corporation
11.10 Delphi Automotive Plc.
11.11 Daimler AG
Get Sample Copy / request For Customization: https://www.credenceresearch.com/sample-request/58706
About Us
Credence Research is a worldwide market research and counseling firm that serves driving organizations,
governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance
with making enduring enhancements to their execution and understand their most imperative objectives.
Media Contact
Name: Chris Smith
Address: 105 N 1st ST #429,
SAN JOSE, CA 95103 US
(US/CANADA) Ph.: +1-800-361-8290
E-mail: sales@credenceresearch.com