Global Commercial Vehicle Steering System Market 2019-2023 - Product Image

Global Commercial Vehicle Steering System Market 2019-2023

  • ID: 4703321
  • Report
  • Region: Global
  • 118 pages
  • TechNavio
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FEATURED COMPANIES

  • Bosch
  • JTEKT
  • Knorr-Bremse
  • Nexteer Automotive
  • thyssenkrupp
  • ZF Friedrichshafen
  • MORE
Lately, the commercial vehicle market has become competitive with automakers competing with their distinct product offerings. The latest technologies in safety systems are also being used as product differentiators by the OEMs. As a result, the global commercial vehicle market is continuously evolving with changing market dynamics across the globe. Presently, the commercial vehicle segment is gaining pace in terms of penetration of advanced driver-assisted technologies. Thus, the growing driver-assisted steering technologies for commercial vehicles will drive the commercial vehicle steering system market during the forecast period.

Market Overview

Growing preference for M&HCVs for transporting freight

The presence road transport in emerging countries such as China and India is on the rise. The subsequent increase in the use of heavy, medium, and light-duty vehicles is likely to lower the share of rail transport. In China, traffic congestions are caused mainly due to large heavy-duty trucks transporting goods from inner Mongolia to Beijing.

Increasing cost pressure from demand side

Currently, CV component manufacturers and suppliers are facing challenges in the form of quality requirements and cost pressure from the demand side. Hence, manufacturers need to carve out growth strategies to be profitable in this difficult yet attractive market. The bargaining power in the market is largely concentrated on the demand side of the market.

For the detailed list of factors that will drive and challenge the growth of the commercial vehicle steering system market during the 2019-2023, view the report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including thyssenkrupp and ZF Friedrichshafen the competitive environment is quite intense. Factors such as the growing preference for M&HCVs for transporting freight, will provide considerable growth opportunities to commercial vehicle steering system companies. Bosch, JTEKT, Knorr-Bremse, Nexteer Automotive, thyssenkrupp, and ZF Friedrichshafen are some of the major companies covered in this report.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Bosch
  • JTEKT
  • Knorr-Bremse
  • Nexteer Automotive
  • thyssenkrupp
  • ZF Friedrichshafen
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
  • Market segmentation by application
  • Comparison by application
  • LCV - Market size and forecast 2018-2023
  • M&HCV - Market size and forecast 2018-2023
  • Market opportunity by application
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • Americas - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • EMEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Continuous advances in automotive steering technology
  • Growing pursuit of EHPS in heavy commercial vehicles
  • Increasing penetration of steer-by-wire technology
  • Innovation in bus steering systems
PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Bosch
  • JTEKT
  • Knorr-Bremse
  • Nexteer Automotive
  • thyssenkrupp
  • ZF Friedrichshafen
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
List of Exhibits
Exhibit 01: Global automotive steering system market
Exhibit 02: Segments of global automotive steering system market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 (million units)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Application - Market share 2018-2023 (%)
Exhibit 18: Comparison by application
Exhibit 19: LCV - Market size and forecast 2018-2023 (million units)
Exhibit 20: LCV - Year-over-year growth 2019-2023 (%)
Exhibit 21: M&HCV - Market size and forecast 2018-2023 (million units)
Exhibit 22: M&HCV - Year-over-year growth 2019-2023 (%)
Exhibit 23: Market opportunity by application
Exhibit 24: Customer landscape
Exhibit 25: Market share by geography 2018-2023 (%)
Exhibit 26: Geographic comparison
Exhibit 27: Americas - Market size and forecast 2018-2023 (million units)
Exhibit 28: Americas - Year-over-year growth 2019-2023 (%)
Exhibit 29: APAC - Market size and forecast 2018-2023 (million units)
Exhibit 30: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 31: EMEA - Market size and forecast 2018-2023 (million units)
Exhibit 32: EMEA - Year-over-year growth 2019-2023 (%)
Exhibit 33: Key leading countries
Exhibit 34: Market opportunity
Exhibit 35: Impact of drivers and challenges
Exhibit 36: Vendor landscape
Exhibit 37: Landscape disruption
Exhibit 38: Vendors covered
Exhibit 39: Vendor classification
Exhibit 40: Market positioning of vendors
Exhibit 41: Bosch - Vendor overview
Exhibit 42: Bosch - Business segments
Exhibit 43: Bosch - Organizational developments
Exhibit 44: Bosch - Geographic focus
Exhibit 45: Bosch - Segment focus
Exhibit 46: Bosch - Key offerings
Exhibit 47: JTEKT - Vendor overview
Exhibit 48: JTEKT - Business segments
Exhibit 49: JTEKT - Organizational developments
Exhibit 50: JTEKT - Geographic focus
Exhibit 51: JTEKT - Segment focus
Exhibit 52: JTEKT - Key offerings
Exhibit 53: Knorr-Bremse - Vendor overview
Exhibit 54: Knorr-Bremse - Business segments
Exhibit 55: Knorr-Bremse - Organizational developments
Exhibit 56: Knorr-Bremse - Geographic focus
Exhibit 57: Knorr-Bremse - Segment focus
Exhibit 58: Knorr-Bremse - Key offerings
Exhibit 59: Nexteer Automotive - Vendor overview
Exhibit 60: Nexteer Automotive - Business segments
Exhibit 61: Nexteer Automotive - Organizational developments
Exhibit 62: Nexteer Automotive - Geographic focus
Exhibit 63: Nexteer Automotive - Segment focus
Exhibit 64: Nexteer Automotive - Key offerings
Exhibit 65: Nexteer Automotive - Key customers
Exhibit 66: thyssenkrupp - Vendor overview
Exhibit 67: thyssenkrupp - Business segments
Exhibit 68: thyssenkrupp - Organizational developments
Exhibit 69: thyssenkrupp - Geographic focus
Exhibit 70: thyssenkrupp - Segment focus
Exhibit 71: thyssenkrupp - Key offerings
Exhibit 72: ZF Friedrichshafen - Vendor overview
Exhibit 73: ZF Friedrichshafen - Business segments
Exhibit 74: ZF Friedrichshafen - Organizational developments
Exhibit 75: ZF Friedrichshafen - Geographic focus
Exhibit 76: ZF Friedrichshafen - Segment focus
Exhibit 77: ZF Friedrichshafen - Key offerings
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Bosch
  • JTEKT
  • Knorr-Bremse
  • Nexteer Automotive
  • thyssenkrupp
  • ZF Friedrichshafen
  • MORE
The author of the report recognizes the following companies as the key players in the global commercial vehicle steering system market: Bosch, JTEKT, Knorr-Bremse, Nexteer Automotive, thyssenkrupp, and ZF Friedrichshafen

Commenting on the report, an analyst from the research team said: “One trend in the market is Currently, CV component manufacturers and suppliers are facing challenges in the form of quality requirements and cost pressure from the demand side. Hence, manufacturers need to carve out growth strategies to be profitable in this difficult yet attractive market. The bargaining power in the market is largely concentrated on the demand side of the market.”

According to the report, one driver in the market is growing preference for M&HCVs for transporting freight. The presence road transport in emerging countries such as China and India is on the rise. The subsequent increase in the use of heavy, medium, and light-duty vehicles is likely to lower the share of rail transport. In China, traffic congestions are caused mainly due to large heavy-duty trucks transporting goods from inner Mongolia to Beijing.

Further, the report states that one challenge in the market is increasing cost pressure from demand side. Currently, CV component manufacturers and suppliers are facing challenges in the form of quality requirements and cost pressure from the demand side. Hence, manufacturers need to carve out growth strategies to be profitable in this difficult yet attractive market. The bargaining power in the market is largely concentrated on the demand side of the market.

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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  • Bosch
  • JTEKT
  • Knorr-Bremse
  • Nexteer Automotive
  • thyssenkrupp
  • ZF Friedrichshafen
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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