Automotive Steering Systems Market Growth, Industry Trend and Top Key Players (JTEKT, Bosch, ZF, NSK, Nexteer automobile, Thyssenkrupp) | forecast by 2022

Businessindustryreports have new report on “Global Automotive Steering Systems Market 2018-2022”. The report provides the newest industry data and industry future trends. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

This Report covers the Major Players data, including: shipment, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size. 

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Steering system is most important line of communication between the vehicle and its driver. Ever since the inception of the motor vehicle, steering systems have been the main stay of the vehicle’s manoeuvrability and agility. In the era of active safety systems like ABS, ESP etc. steering system’s safety value has gone unnoticed but there’s no denying the fact that steering is one of the most crucial aspects of a vehicle’s safety. A vehicle with ABS, ESP or any of the safety features is just as likely to be involved in a mishap as one without these features if it is not steered in the proper direction.

Increasing demand for electronically assisted steering systems owing to the stringent fuel efficiency norms is one of the key factors projected to encourage the growth of the overall market in the next few years. The rising vehicle production and the rising consumer preference for driving comfort are projected to enhance the growth of the market in the near future.

Furthermore, the high cost of assisted power steering system and the limited load bearing capacity of the EPS systems are projected to restrict the growth of the market in the near future. Nonetheless, the rising use of EPS in commercial vehicles and the increasing adoption of steer-by-wire technology is likely to generate growth opportunities for players in the next few years.

Geographically Europe accounted for a large share of the overall automotive steering market and is projected to remain in the leading position in the next few years. The presence of several leading automotive companies is one of the major factors expected to enhance the growth of this region in the next few years. This region is further predicted to be followed by North America, which is likely to witness a healthy growth in the coming few years. The high growth of this region can be attributed to the impending market maturity in this region.

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Key Players:

1 JTEKT 

2 Bosch 

3 ZF 

4 NSK 

5 Nexteer Automobile 

6 Thyssenkrupp 

7 Mando and more...    

Regions:

1 North America Country (United States, Canada)

2 South America

3 Asia Country (China, Japan, India, Korea)

4 Europe Country (Germany, UK, France, Italy)

5 Other Country (Middle East, Africa, GCC)

Product Types:

1 EPS 

2 HPS 

3 EHPS 

4 MS 

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Table of Content:

1 Automotive Steering Systems Product Definition

2 Global Automotive Steering Systems Manufacturer Share and Market Overview

3 Manufacturer Automotive Steering Systems Business Introduction

4 Global Automotive Steering Systems  Market  Segmentation (Region Level)

5 Global Automotive Steering Systems Market Segmentation (Product Type Level)

6 Global Automotive Steering Systems Market Segmentation (Industry Level)

7 Global Automotive Steering Systems Market Segmentation (Channel Level)

8 Automotive Steering Systems Market Forecast 2018-2022

9 Automotive Steering Systems Segmentation Product Type

10 Automotive Steering Systems Segmentation Industry

11 Automotive Steering Systems Cost of Production Analysis

12 Conclusion

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