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Automotive Steering Gearbox Market Top Key Players - Akashi Kikai Kogyo Co. Ltd., ATS Automation Tooling Systems Inc., JTEKT Corporation, Knorr-Bremse AG, Mando Corp., Melrose Industries Plc, Nexteer Automotive Corp., Bosch , thyssenkrupp AG, ZF Friedrich

09-21-2021 09:39 AM CET | Industry, Real Estate & Construction

Press release from: Mobility Foresights

Automotive Steering Gearbox Market Top Key Players - Akashi

The automotive steering gearbox market is expected to grow by xx billion between 2021 and 2026, with a CAGR of more than xx%. The global automotive steering gear market is expected to grow at a significant pace over the forecast period from 2021 to 2026. The market will grow at a steady pace in 2021 and as the number of strategies used by key players increases, the market is expected to expand Rise above the forecast horizon.

The MTO consists of a power steering gear equipped with an integrated electromagnetic drive with additional pressure measuring instruments, an electronic module and additional software. The further development of this technology is expected to have a positive impact on the global automotive steering gear market in the near future.

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GLOBAL AUTOMOTIVE STEERING GEARBOX MARKET DYNAMICS

• The growing demand for higher torque and truck performance has forced car manufacturers to use steering gears such as RCS power steering gears. These gears are from TRW Automotive, a subsidiary of ZF Friedrichshafen. They are able to provide Class 8 trucks with improved performance, higher torque and increased reliability at low operating temperatures. They are also easy to install and extend the life of your steering systems.

• The increasing demand for higher torque is expected to lead to further improvement of the steering gears during the forecast period. All these factors are expected to contribute positively to the growth of the global automotive steering gear market during the forecast period.

• Growing consumer demand for comfort, convenience and fuel economy has resulted in several technological advances in the automotive industry.

GLOBAL AUTOMOTIVE STEERING BOX MARKET SEGMENTATION

By Application
• Electric power steering
• Hydraulic power steering
• Electro-hydraulic power steering

By Region
• US
• Europe
• China
• Japan
• India
• Indonesia
• Latin America
• ROW

RECENT TRENDS IN THE AUTOMOTIVE STEERING GEARBOX MARKET

• In this type, the steering column consists of a collapsible housing containing a collapsible rotating shaft. For safety reasons, the steering column is designed to collapse in the event of a frontal collision. As global car makers continue to expand into developing and emerging markets, demand for folding steering columns is expected to increase. The market for folding steering column systems has grown rapidly over the past few years, driven by increased passenger car sales, the growing presence of global players in developing countries, and technological advances.

• Regional growth can be attributed to increased car production in countries such as China, Japan and India. Governments in the Asia-Ocean region have set stringent safety and emissions standards to increase the number of electric power steering installations. Moreover, features such as Lane Keeping Assist, Automatic Parking, Lane Change and Obstacle Avoidance make EPS an excellent choice.

COMPETITIVE LANDSCAPE

The market looks fragmented and has several companies. Some of the biggest industry players in the global automotive steering gear market are Akashi Kikai Kogyo, JTEKT Corp, Nexteer Automotive, KnorrBremse AG and Mando Corp. Analyzes of E&P raw materials and equipment are also performed, as well as subsequent demand analyzes.

COMPANY PROFILES
• Akashi Kikai Kogyo Co. Ltd.
• ATS Automation Tooling Systems Inc.
• JTEKT Corporation
• Knorr-Bremse AG
• Mando Corp.
• Melrose Industries Plc
• Nexteer Automotive Corp.
• Bosch
• thyssenkrupp AG
• ZF Friedrichshafen AG

Read More Information: https://mobilityforesights.com/product/automotive-steering-gearbox-market/

Contact:
Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: Send Email
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

About Us:
We are among the very few market research firms globally, specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction & agricultural equipment. We deal in syndicated research, custom research and consumer research for all the above domains mentioned.
We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.

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