Global Hydraulic Steering System Market 2017-2021

  • ID: 4255059
  • Report
  • Region: Global
  • 70 pages
  • TechNavio
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FEATURED COMPANIES

  • ATS
  • GKN
  • Hyundai Mobis
  • JTEKT
  • Mando.
  • Nexteer Automotive
  • MORE
Hydraulic steering includes conventional rack and pinion steering, uses hydraulic pressure from the engine pump, and is used to help the motion of the steering wheel. It is predominantly used in heavy commercial vehicles.

The analysts forecast the global hydraulic steering system market to grow at a CAGR of 1.72% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global hydraulic steering system market for 2017-2021. To calculate the market size, the report considers the new installations and sales volume of passenger cars, LCVs, and M&HCVs.

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

This report, Global Hydraulic 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:

- ZF Friedrichshafen
- GKN
- Nexteer Automotive
- ThyssenKrupp

Other prominent vendors:

- ATS
- JTEKT
- Robert Bosch
- thyssenKrupp Presta
- Hyundai Mobis
- Mando

Market drivers:

- High penetration of hydraulic power steering in commercial vehicles
- For a full, detailed list, view the full report

Market challenges:

- Increasing penetration of EPS system
- For a full, detailed list, view the full report

Market trends:

- Growing pursuit of EHPS in heavy commercial vehicles
- 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
2 of 5

FEATURED COMPANIES

  • ATS
  • GKN
  • Hyundai Mobis
  • JTEKT
  • Mando.
  • Nexteer Automotive
  • MORE
Part 01: Executive summary

Part 02: Scope of the report

Part 03: Research Methodology

Part 04: Introduction
  • Key market highlights
Part 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
Part 06: Market segmentation by product
  • Global hydraulic steering system market by passenger cars
  • Global hydraulic steering system market by LCVs
  • Global hydraulic steering system market by M&HCVs
Part 07: Geographical segmentation
  • Global hydraulic steering system market by geography
  • Hydraulic steering system market in APAC
  • Hydraulic steering system market in Americas
  • Hydraulic steering system market in EMEA
Part 08: Market drivers
  • Increasing sales of body-on-frame SUVs
  • High penetration of hydraulic power steering in commercial vehicles
  • Growing preference for M&HCVs for transporting freight
Part 09: Impact of drivers

Part 10: Market challenges
  • Increasing penetration of EPS system
  • Growing car-sharing services in China, India, and Brazil
  • Rise in number of on-demand taxi operators
Part 11: Impact of drivers and challenges

Part 12: Market trends
  • Growing pursuit of EHPS in heavy commercial vehicles
  • Increasing penetration of steer-by-wire technology
  • Rise in electrification of mechanical components
Part 13: Vendor landscape
  • Competitive scenario
  • Other prominent vendors
Part 14: Key vendor analysis
  • ZF Friedrichshafen
  • GKN
  • Nexteer Automotive
  • thyssenKrupp
Part 15:Appendix

List of abbreviations

List of Exhibits
Exhibit 01: Segmentation of hydraulic steering system market
Exhibit 02: Global hydraulic steering system market 2016-2021 (millions of units)
Exhibit 03: Five forces analysis
Exhibit 04: Global hydraulic steering system market: Segmentation by product 2016 (% share)
Exhibit 05: Global hydraulic steering system market by passenger cars 2016-2021 (millions of units)
Exhibit 06: Global hydraulic steering system market by LCVs 2016-2021 (millions of units)
Exhibit 07: Global hydraulic steering system market by M&HCVs 2016- 2021 (millions of units)
Exhibit 08: Global hydraulic steering system market by geography 2016 (%)
Exhibit 09: Hydraulic steering system market in APAC 2016-2021 (millions of units)
Exhibit 10: Hydraulic steering system market in Americas 2016-2021 (millions of units)
Exhibit 11: Hydraulic steering system market in EMEA 2016-2021 (millions of units)
Exhibit 12: Impact of drivers
Exhibit 13: Impact of drivers and challenges
Exhibit 14: ZF Friedrichshafen: Product portfolio
Exhibit 15: ZF Friedrichshafen: Business segmentation by revenue 2016
Exhibit 16: ZF Friedrichshafen: Recent developments
Exhibit 17: GKN: Product overview
Exhibit 18: GKN: Business segmentation by revenue 2016
Exhibit 19: GKN: Sales by product group
Exhibit 20: GKN: Geographical segmentation by revenue 2016
Exhibit 21: GKN: Recent development
Exhibit 22: Nexteer Automotive: Product segmentation by revenue 2016
Exhibit 23: Nexteer Automotive: Geographical segmentation by revenue 2016
Exhibit 24: Nexteer Automotive: Automotive steering system product portfolio
Exhibit 25: Nexteer Automotive: Recent development
Exhibit 26: thyssenKrupp: Business segmentation by revenue 2016
Exhibit 27: thyssenKrupp: Geographical segmentation by revenue 2016
Exhibit 28: thyssenKrupp: Recent developments
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ATS
  • GKN
  • Hyundai Mobis
  • JTEKT
  • Mando.
  • Nexteer Automotive
  • MORE
New Research Report - Global Hydraulic Steering System Market 2017-2021

The following companies are recognised as the key players in the global hydraulic steering system market: ZF Friedrichshafen, GKN, Nexteer Automotive, and ThyssenKrupp.

Other Prominent Vendors in the market are: ATS, JTEKT, Robert Bosch, thyssenKrupp Presta, Hyundai Mobis, and Mando.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is growing pursuit of EHPS in heavy commercial vehicles. 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.”

According to the report, one of the major drivers for this market is high penetration of hydraulic power steering in commercial vehicles. The conventional hydraulic power steering is predominantly used in heavy commercial vehicles. Most commercial vehicles use the hydraulic or the EHS system as the EPS system has not been able to cross the 15 kN barriers. Ford F-150 and Ram 1500 trucks are equipped with EPS, but other HCVs are still dependent on hydraulic steering systems.

Further, the report states that one of the major factors hindering the growth of this market is increasing penetration of EPS system. EPS systems improve the fuel economy by 2.5% compared with hydraulic systems as they do not use pumps, hoses, drive belts, fluids, and pulleys. EPS systems tend to be smaller and lighter than hydraulic systems. Also, unlike a hydraulic power steering system that is continually driven using a hydraulic pump, the EPS motor is powered only when necessary.

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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  • ZF Friedrichshafen
  • GKN
  • Nexteer Automotive
  • ThyssenKrupp
  • ATS
  • JTEKT
  • Robert Bosch
  • ThyssenKrupp Presta
  • Hyundai Mobis
  • Mando.
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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