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Global Light-duty Truck Steering System Market 2019-2023 - Product Image

Global Light-duty Truck Steering System Market 2019-2023

  • ID: 4752639
  • Report
  • Region: Global
  • 129 pages
  • TechNavio
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FEATURED COMPANIES

  • Bosch GmbH
  • JTEKT Corporation
  • Knorr-Bremse AG
  • Nexteer Automotive
  • thyssenkrupp AG
  • ZF Friedrichshafen AG
  • MORE
The growth of the global light-duty truck steering system market is highly dependent on the sales of light-duty trucks. China, Japan, and countries in North America and Western Europe, which comprise the major markets for light-duty trucks, are expected to see a slowdown in growth or even lower sales during the forecast period. Increasing manufacturing activities in India will raise the demand for transportation and logistics. This will be supported by the robust GDP growth forecast for the country going forward. Hence, these factors will remain positive for India's light-duty truck market. Analysts have predicted that the light-duty truck steering system market will register a CAGR of almost 6% by 2023.

Market Overview

Increased electronic content in light-duty trucks enabling adoption of advanced steering systems

The electrification of vehicles in the forms of powertrain, infotainment, connected vehicles, safety systems, and electronics. Automotive steering systems have also evolved into EPS and EHPS from traditional manual steering and HPS.

Increasing cost pressure on steering system manufacturers from demand side

Currently, commercial-vehicle component manufacturers and suppliers are facing challenges to maintain quality by keeping cost low. Hence, steering system manufacturers are looking to formulate growth strategies to remain profitable in this competitive. Intense competition among OEMs and surging consumer demand also push OEMs to operate within strict cost parameters to remain profitable.

For the detailed list of factors that will drive and challenge the growth of the light-duty truck steering system market during the 2019-2023, view the full report.

Competitive Landscape

The market appears to be highly concentrated and with the presence of limited vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

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

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
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 TYPE
  • Market segmentation by type
  • Comparison by type
  • EPS - Market size and forecast 2018-2023
  • HPS - Market size and forecast 2018-2023
  • EHPS - Market size and forecast 2018-2023
  • Market opportunity by type
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Middle East and Africa - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 10: TRENDS
  • Steer-by-wire technology to gain adoption in light-duty trucks
  • Integration of electronics and safety systems in steering system
  • Development of independent wheels steering system
PART 11: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 12: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Bosch GmbH
  • JTEKT Corporation
  • Knorr-Bremse AG
  • Nexteer Automotive
  • thyssenkrupp AG
  • ZF Friedrichshafen AG
PART 13: APPENDIX
  • Research methodology
  • List of abbreviations
List of Exhibits:
Exhibit 01: Years in consideration
Exhibit 02: Global automotive components market
Exhibit 03: Segments of global automotive components market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ billions)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: Type - Market share 2018-2023 (%)
Exhibit 19: Comparison by type
Exhibit 20: EPS - Market size and forecast 2018-2023 ($ billions)
Exhibit 21: EPS - Year-over-year growth 2019-2023 (%)
Exhibit 22: HPS - Market size and forecast 2018-2023 ($ billions)
Exhibit 23: HPS - Year-over-year growth 2019-2023 (%)
Exhibit 24: EHPS - Market size and forecast 2018-2023 ($ billions)
Exhibit 25: EHPS - Year-over-year growth 2019-2023 (%)
Exhibit 26: Market opportunity by type
Exhibit 27: Customer landscape
Exhibit 28: Market share by geography 2018-2023 (%)
Exhibit 29: Geographic comparison
Exhibit 30: North America - Market size and forecast 2018-2023 ($ billions)
Exhibit 31: North America - Year-over-year growth 2019-2023 (%)
Exhibit 32: APAC - Market size and forecast 2018-2023 ($ billions)
Exhibit 33: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 34: Europe - Market size and forecast 2018-2023 ($ billions)
Exhibit 35: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 36: South America - Market size and forecast 2018-2023 ($ billions)
Exhibit 37: South America - Year-over-year growth 2019-2023 (%)
Exhibit 38: Middle East and Africa - Market size and forecast 2018-2023 ($ billions)
Exhibit 39: Middle East and Africa - Year-over-year growth 2019-2023 (%)
Exhibit 40: Key leading countries
Exhibit 41: Market opportunity
Exhibit 42: Decision framework
Exhibit 43: Vendor landscape
Exhibit 44: Landscape disruption
Exhibit 45: Vendors covered
Exhibit 46: Vendor classification
Exhibit 47: Market positioning of vendors
Exhibit 48: Bosch GmbH - Vendor overview
Exhibit 49: Bosch GmbH - Business segments
Exhibit 50: Bosch GmbH - Organizational developments
Exhibit 51: Bosch GmbH - Geographic focus
Exhibit 52: Bosch GmbH - Segment focus
Exhibit 53: Bosch GmbH - Key offerings
Exhibit 54: JTEKT Corporation - Vendor overview
Exhibit 55: JTEKT Corporation - Business segments
Exhibit 56: JTEKT Corporation - Organizational developments
Exhibit 57: JTEKT Corporation - Geographic focus
Exhibit 58: JTEKT Corporation - Segment focus
Exhibit 59: JTEKT Corporation - Key offerings
Exhibit 60: Knorr-Bremse AG - Vendor overview
Exhibit 61: Knorr-Bremse AG - Business segments
Exhibit 62: Knorr-Bremse AG - Organizational developments
Exhibit 63: Knorr-Bremse AG - Geographic focus
Exhibit 64: Knorr-Bremse AG - Segment focus
Exhibit 65: Knorr-Bremse AG - Key offerings
Exhibit 66: Nexteer Automotive - Vendor overview
Exhibit 67: Nexteer Automotive - Product segments
Exhibit 68: Nexteer Automotive - Organizational developments
Exhibit 69: Nexteer Automotive - Geographic focus
Exhibit 70: Nexteer Automotive - Segment focus
Exhibit 71: Nexteer Automotive - Key offerings
Exhibit 72: thyssenkrupp AG - Vendor overview
Exhibit 73: thyssenkrupp AG - Business segments
Exhibit 74: thyssenkrupp AG - Organizational developments
Exhibit 75: thyssenkrupp AG - Geographic focus
Exhibit 76: thyssenkrupp AG - Segment focus
Exhibit 77: thyssenkrupp AG - Key offerings
Exhibit 78: ZF Friedrichshafen AG - Vendor overview
Exhibit 79: ZF Friedrichshafen AG - Business segments
Exhibit 80: ZF Friedrichshafen AG - Organizational developments
Exhibit 81: ZF Friedrichshafen AG - Geographic focus
Exhibit 82: ZF Friedrichshafen AG - Segment focus
Exhibit 83: ZF Friedrichshafen AG - Key offerings
Exhibit 84: Validation techniques employed for market sizing
Exhibit 85: List of abbreviations
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Bosch GmbH
  • JTEKT Corporation
  • Knorr-Bremse AG
  • Nexteer Automotive
  • thyssenkrupp AG
  • ZF Friedrichshafen AG
  • MORE
Global Light-duty Truck Steering System Market 2019-2023

The publisher recognizes the following companies as the key players in the global light-duty truck steering system market: Bosch GmbH, JTEKT Corporation, Knorr-Bremse AG, Nexteer Automotive, thyssenkrupp AG, ZF Friedrichshafen AG.

Commenting on the report, an analyst from the publishing team said: “The latest trend gaining momentum in the market is the steer-by- wire technology to gain adoption in light- duty trucks.”

According to the report, one of the major drivers for this market is the increased electronic content in light- duty trucks enabling adoption of advanced steering systems.

Further, the report states that one of the major factors hindering the growth of this market is the increasing prices of raw materials.

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 GmbH
  • JTEKT Corporation
  • Knorr-Bremse AG
  • Nexteer Automotive
  • thyssenkrupp AG
  • ZF Friedrichshafen AG
Note: Product cover images may vary from those shown
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