Press release
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
The manual steering wheel, steering column, universal joint, rack and pinion all contribute to the components of the car's steering system. The development changed the steering system from manual to power steering.
The car steering system is considered an integral part of the car and is responsible for the efficient handling of the car, so it is an essential component of the car. The automotive steering system market is very demanding as steering is an integral part of the car.
Request For Sample@ https://bit.ly/3CaRRPc
GLOBAL AUTOMOTIVE STEERING GEARBOX MARKET DYNAMICS
The growing demand for higher torque and performance in trucks has led automakers to use steering gears such as RCS auxiliary gears. This gear is a product of TRW Automotive, a subsidiary of ZF Friedrichshafen. Class 8 trucks can offer better performance, higher torque and improved reliability at lower operating temperatures. It is also easy to install and can prolong the life of your steering system.
The growing demand for higher torque is expected to lead to further improvement of steering gear during the forecast period. All these factors are expected to have a positive impact on the growth of the global automotive steering gear market during the forecast period.
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
GLOBAL AUTOMOTIVE STEERING GEARBOX MARKET SIZE AND FORECAST
The automotive steering gear market is projected to grow by $xx billion during 2021-2026, at a CAGR of over xx%. The global automotive steering gear market is expected to grow at a significant rate during the forecast period 2021-2026. The market will continue to grow at a steady pace in 2021, and the market is expected to grow as the number of strategies used by major players’ increases. It rises above the forecast range.
The development of Advanced Motion Resistance Systems (ADAS) paved the way for electric power steering. This is because these safety systems require these components to function effectively.
COMPETITIVE LANDSCAPE
The market is fragmented and there are multiple companies. The largest industry players in the global automotive steering gear market are Akashi Kikai Kogyo, JTEKT Corp, Nexteer Automotive, KnorrBremse AG, and Mando Corp. A E&P feedstock and equipment analysis and subsequent demand analysis is also performed.
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.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release 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 here
News-ID: 2459631 • Views: …
More Releases from Mobility Foresights
Automotive Airbag Market Size, Share and Forecasts 2030
The Automotive Airbag Market, valued at $18.5 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 8.7%, reaching $30.2 billion by 2030, according to a new report by AutoTech Insights. Surging demand for vehicle safety, stricter government mandates, and advancements in airbag technology are driving this growth, with electric vehicles (EVs) and autonomous cars creating new opportunities for innovation.
Download a Sample PDF Copy of…
Latest Trends In Global Sea Moss Market
The sea moss market has been experiencing a surge in popularity and demand due to its numerous health benefits and versatile applications. Sea moss, scientifically known as Chondrus crispus or Irish moss, is a type of red algae found in coastal regions of the North Atlantic Ocean. It has gained recognition for its potential nutritional and medical properties.
Request for Sample@https://mobilityforesights.com/contact-us/?report=65352
Market Overview:
Sea moss is consumed both as a…
Latest Trends In Global Silica Aerogel Market
Silica aerogel, often referred to as "frozen smoke" or "blue smoke," is a remarkable and highly porous material known for its exceptional properties, including low density, high porosity, and superior thermal insulating capabilities.
This unique material has gained significant attention in various industries due to its versatile applications. The silica aerogel market has witnessed substantial growth and innovation, driven by its remarkable properties and increasing demand for efficient insulation and…
Latest Trends In Silicone Defoamers Market
Silicone defoamers, also known as silicone antifoaming agents, are crucial additives used in various industries to control and eliminate foam formation in processes and products.
Foam can be problematic in multiple applications, leading to inefficiencies, product defects, and operational challenges. As a result, the silicone defoamers market has seen steady growth, driven by the need for effective foam control in diverse sectors.
Request for Sample@https://mobilityforesights.com/contact-us/?report=87752
Key Market Drivers:
Industrial Processes: The…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
