Automotive Steering System Market Size, Share and Forecast Upto 2021
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The Automotive Steering System Market Research Report provides forecast and estimates for each application in terms of Market Size, Share, Trend & Growth during the study period Upto 2021.
Automotive steering system is an arrangement of inter linked gears called pinion and worm by which reciprocating motion is obtained using rotational motion i.e. through means of steering wheel which enables the automobile to take turns on curvy roads. In modern advanced automobiles rack and pinion steering system is used, but in heavy equipment automobiles hydraulic steering systems are used which are efficient and reduces the driver’s effort. Many advances have been done in automobile steering systems considering the various safety factors, focusing on developing fuel-efficient systems due to continuous rise in fuel prices and considering other emergency factors.
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This report examines the global automotive steering system market and provides information regarding the revenue (USD Million) for the period 2014 to 2021. It further elaborates the market drivers which contribute to the growth. It then describes the restraints that are faced by the market. The market is classified into various segments with deep analysis of each segment for the study period.
A glimpse of the major drivers and restraints affecting this market is mentioned below :
A. Drivers :
- Growth of automotive sector in emerging markets
- Increasing demand for fuel-efficient vehicles
- Better road feedback
- Fuel efficient
B. Restraints :
- High cost of EPS system
Report includes a detailed analysis on value chain in order to provide a holistic view of the automotive steering system market. Value chain analysis comprises detailed evaluation of the roles of various players involved in the automotive steering system market industry, from raw material suppliers to end-users.
C. Major player assessed in the report are :
- TRW Automotive Holdings
- Mitsubishi Electric Corporation
- Hyundai Mobis Co. Ltd.
- Sona Koyo Steering Systems Ltd.
- Robert Bosch Automotive Steering GmbH
- JTEKT Corporation
- Nexteer Automotive
- Thyssenkrupp Presta AG
- More
Automotive Steering system market attractiveness analysis has been included in order to analyze the application segments that are estimated to be lucrative during the forecast period on the basis of their market size and growth rate. Attractiveness of the market has been derived from market size, profit margin, growth rate, and availability of raw materials, competition, and other factors such as social and legal constraints.
In terms of geography, the automotive steering system market has been segmented into regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The study provides a detailed view of country-level aspects of the market on the basis of application segments and estimates the market in terms of revenue and volume during the forecast period.
View More About this Report : http://www.decisiondatabases.com/ip/449-automotive-steering-system-market-report
D. SEGMENTATIONS IN REPORT :
1. Automotive Steering System Market by Vehicle Type :
- Heavy Commercial Vehicle (HCV)
- Light Commercial Vehicle (LCV)
- Passenger Vehicle
2. Automotive Steering System Market by Steering Type :
- Electronic Power Steering (EPS)
- Electro-Hydraulic Power Steering (EHPS)
- Hydraulic Power Steering (HPS)
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Phone: +91 99 28 237112
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Automotive steering system is an arrangement of inter linked gears called pinion and worm by which reciprocating motion is obtained using rotational motion i.e. through means of steering wheel which enables the automobile to take turns on curvy roads. In modern advanced automobiles rack and pinion steering system is used, but in heavy equipment automobiles hydraulic steering systems are used which are efficient and reduces the driver’s effort. Many advances have been done in automobile steering systems considering the various safety factors, focusing on developing fuel-efficient systems due to continuous rise in fuel prices and considering other emergency factors.
Download Free Sample Copy Of this Report : http://www.decisiondatabases.com/contact/download-sample-449
This report examines the global automotive steering system market and provides information regarding the revenue (USD Million) for the period 2014 to 2021. It further elaborates the market drivers which contribute to the growth. It then describes the restraints that are faced by the market. The market is classified into various segments with deep analysis of each segment for the study period.
A glimpse of the major drivers and restraints affecting this market is mentioned below :
A. Drivers :
- Growth of automotive sector in emerging markets
- Increasing demand for fuel-efficient vehicles
- Better road feedback
- Fuel efficient
B. Restraints :
- High cost of EPS system
Report includes a detailed analysis on value chain in order to provide a holistic view of the automotive steering system market. Value chain analysis comprises detailed evaluation of the roles of various players involved in the automotive steering system market industry, from raw material suppliers to end-users.
C. Major player assessed in the report are :
- TRW Automotive Holdings
- Mitsubishi Electric Corporation
- Hyundai Mobis Co. Ltd.
- Sona Koyo Steering Systems Ltd.
- Robert Bosch Automotive Steering GmbH
- JTEKT Corporation
- Nexteer Automotive
- Thyssenkrupp Presta AG
- More
Automotive Steering system market attractiveness analysis has been included in order to analyze the application segments that are estimated to be lucrative during the forecast period on the basis of their market size and growth rate. Attractiveness of the market has been derived from market size, profit margin, growth rate, and availability of raw materials, competition, and other factors such as social and legal constraints.
In terms of geography, the automotive steering system market has been segmented into regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The study provides a detailed view of country-level aspects of the market on the basis of application segments and estimates the market in terms of revenue and volume during the forecast period.
View More About this Report : http://www.decisiondatabases.com/ip/449-automotive-steering-system-market-report
D. SEGMENTATIONS IN REPORT :
1. Automotive Steering System Market by Vehicle Type :
- Heavy Commercial Vehicle (HCV)
- Light Commercial Vehicle (LCV)
- Passenger Vehicle
2. Automotive Steering System Market by Steering Type :
- Electronic Power Steering (EPS)
- Electro-Hydraulic Power Steering (EHPS)
- Hydraulic Power Steering (HPS)
About DecisionDatabases.com
DecisionDatabases.com is one stop shop for your Market research requirements like market reports, company profiles and industry databases. Our team consists of expert Business Analysts who have been trained to map your research requirement to the correct research resource.
Contact:
DecisionDatabases.com
Phone: +91 99 28 237112
Email: sales@decisiondatabases.com
Web: www.decisiondatabases.com