Press release
Global Bus Steering System Market Analysis To Grow At CAGR Of 5.09% Over period 2017-2021
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Steering systems are the driving direction control systems used in every four-wheeler and other commercial vehicles. The typical steering system has a steering wheel and a steering column coupled to the axle through gears. The working principle of bus steering systems is similar to other automobile steering system. The length of the shafts and connectors is longer, and the bus steering wheel has a larger diameter for better steering control.
Technavios analysts forecast the global bus steering system market to grow at a CAGR of 5.09% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global bus steering system market for 2017-2021. To calculate the market size, the report considers unit shipment of steering system in buses.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Bus 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
Robert Bosch
Daimler
JTEKT
ZF-TRW
Market driver
Growing steering assisted technologies for buses
For a full, detailed list, view our report
Market challenge
Increasing cost pressure from demand side
For a full, detailed list, view our report
Market trend
Enhanced bus steering system to reduce fuel consumption
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?
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