Global Automotive Power Steering Gears Market 2017-2021

  • ID: 4240148
  • Report
  • Region: Global
  • 70 pages
  • TechNavio
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FEATURED COMPANIES

  • GKN
  • JTEKT
  • Mando
  • Nexteer Automotive
  • Robert Bosch
  • thyssenkrupp
  • MORE
About Automotive Power Steering Gears

Automotive power steering helps the driver to steer the wheels by controlling the steering effort on the wheel. In power steering, electric motors help the steering motion instead of hydraulic systems.

The analysts forecast the global automotive power steering gears market to grow at a CAGR of 3.94% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global automotive power steering gears market for 2017-2021. To calculate the market size, the report considers the new installations, shipments, and volume.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, Global Automotive Power Steering Gears 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
- GKN
- Nexteer Automotive
- Thyssenkrupp
- ZF Friedrichshafen

Other prominent vendors
- ATS Automation Tooling Systems
- JTEKT
- Mando
- Robert Bosch

Market drivers
- Growing penetration of utility vehicles in APAC
- For a full, detailed list, view the full report

Market challenges
- Steering gear replacement cost
- For a full, detailed list, view the full report

Market trends
- Growing pursuit of electrohydraulic power steering in HCVs
- For a full, detailed list, view the full 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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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • GKN
  • JTEKT
  • Mando
  • Nexteer Automotive
  • Robert Bosch
  • thyssenkrupp
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Key market highlights
  • Automotive steering market
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by application
  • Global automotive power steering gears by application
  • Automotive power steering gears market by passenger cars
  • Passenger car sales analysis in global markets
  • Value chain for automotive power steering gears
  • Automotive power steering gears market by LCVs
  • Global Automotive power steering gears market by M&HCVs
PART 07: Market segmentation by geography
  • Global automotive power steering gears market by geography
  • Automotive power steering gears market in APAC
  • Automotive power steering gears market in EMEA
  • Automotive power steering gears market in Americas
PART 08: Key leading countries
  • Key leading countries
PART 09: Decision framework

PART 10: Drivers and challenges
  • Market drivers
  • Impact of drivers on key customer segments
  • Market challenges
  • Impact of challenges on key customer segments
PART 11: Market trends
  • Growing pursuit of electrohydraulic power steering in HCVs
  • Growing penetration of steer-by-wire technology
  • Phasing out of hydraulic power steering system
  • Active energy-absorbing steering column
PART 12: Vendor landscape
  • Competitive scenario
  • Other prominent vendors
PART 13: Key vendor analysis
  • GKN
  • Nexteer Automotive
  • thyssenkrupp
  • ZF Friedrichshafen
PART 14: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Automotive steering market
Exhibit 02: Classification of power steering system
Exhibit 03: Types of steering gear mechanisms used in automotive power steering
Exhibit 04: Overview of global automotive power steering gears market
Exhibit 05: Global automotive power steering gears market 2016-2021 (units in millions)
Exhibit 06: Five forces analysis
Exhibit 07: Global automotive power steering gears market by application 2016 (% share)
Exhibit 08: Automotive power steering gears market by passenger cars 2016-2021 (units in millions)
Exhibit 09: Value chain for automotive power steering gears
Exhibit 10: Automotive power steering gears market by LCVs 2016-2021 (units in millions)
Exhibit 11: Global automotive power steering gears market by M&HCVs 2016-2021 (units in millions)
Exhibit 12: Performance specification of class 8 trucks and heavy-duty vehicles
Exhibit 13: Global automotive power steering gears market by region 2016
Exhibit 14: Global automotive power steering gears market by region 2016-2021 (units in millions)
Exhibit 15: Automotive power steering gears market in APAC 2016-2021 (units in millions)
Exhibit 16: Automotive power steering gears market in EMEA 2016-2021 (units in millions)
Exhibit 17: Automotive power steering gears market in Americas 2016-2021 (units in millions)
Exhibit 18: Key leading countries
Exhibit 19: Sales of entry-level passenger cars with power steering gears in India 2016
Exhibit 20: Impact of drivers
Exhibit 21: Cost of replacing steering gears
Exhibit 22: Impact of challenges
Exhibit 23: Other prominent vendors
Exhibit 24: GKN: Product overview
Exhibit 25: GKN: Product portfolio
Exhibit 26: GKN: Business segmentation by revenue 2016
Exhibit 27: GKN: Sales by product group
Exhibit 28: GKN: Geographical segmentation by revenue 2015
Exhibit 29: GKN: Recent developments
Exhibit 30: Nexteer Automotive: Product segmentation by revenue 2016
Exhibit 31: Nexteer Automotive: Geographical segmentation by revenue 2016
Exhibit 32: Nexteer Automotive: Product portfolio
Exhibit 33: Nexteer Automotive: Recent developments
Exhibit 34: thyssenkrupp: Product portfolio
Exhibit 35: thyssenkrupp: Business segmentation by revenue 2016
Exhibit 36: thyssenkrupp: Geographical segmentation by revenue 2016
Exhibit 37: thyssenkrupp: Recent developments
Exhibit 38: ZF Friedrichshafen: Product portfolio
Exhibit 39: ZF Friedrichshafen: Business segmentation by revenue 2016
Exhibit 40: ZF Friedrichshafen: Recent developments
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • GKN
  • JTEKT
  • Mando
  • Nexteer Automotive
  • Robert Bosch
  • thyssenkrupp
  • MORE
New Report Released: – Global Automotive Power Steering Gears Market 2017-2021

The author of the report recognizes the following companies as the key players in the global automotive power steering gears market: GKN, Nexteer Automotive, thyssenkrupp, and ZF Friedrichshafen.

Other Prominent Vendors in the market are: ATS Automation Tooling Systems, JTEKT, Mando, and Robert Bosch.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is growing pursuit of electrohydraulic power steering in HCVS. As part of the electrification trend in the automotive industry, energy saving is one of the most important concerns for the development of new vehicles, especially for power steering systems. In a hydraulic power steering system, 70% of the fuel gets consumed by hydraulics, which can be avoided. Hence, the application of more advanced power steering systems such as electric power steering and electrohydraulic power steering can help achieve fuel economy.”

According to the report, one of the major drivers for this market is growing penetration of utility vehicles in APAC. In China, SUV production will grow up to seven million by 2018 despite the weakening growth rate of the Chinese passenger car market, which slumped to about 4% in 2015 from 9% in 2014. The sales of SUVs would be the main driving factor for the passenger car market in China. SUVs occupied approximately 30% share of the passenger car market in China in 2015. The increasing preference for larger vehicles in China due to the perception of having a higher social status with the ownership of bigger cars is mainly driving the market for SUVs in China.

Further, the report states that one of the major factors hindering the growth of this market is steering gear replacement cost. The average cost of steering gearbox replacement is between $620 and $820. The labor costs are estimated to be between $149 and $189, while the component parts are priced approximately between $471 and $631. There is a high cost involved in replacing a steering gear.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • GKN
  • Nexteer Automotive
  • thyssenkrupp
  • ZF Friedrichshafen
  • ATS Automation Tooling Systems
  • JTEKT
  • Mando
  • Robert Bosch
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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