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Global Automotive Rack and Pinion Steering System Market 2019-2023 - Product Image

Global Automotive Rack and Pinion Steering System Market 2019-2023

  • ID: 4755295
  • Report
  • February 2019
  • Region: Global
  • 115 pages
  • TechNavio
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FEATURED COMPANIES

  • JTEKT Corporation
  • Knorr-Bremse AG
  • Robert Bosch GmbH
  • ZF Friedrichshafen AG
  • MORE
In electric power steering (EPS), only the rack and pinion type steering system are used. Therefore, with the adoption of EPS increasing in automobiles, the demand for automotive rack and pinion steering system is also going up. EPS serves as an input for many safety systems, including lane keep assist and electronic stability control. Technological advances have helped steering systems evolve from manual to EPS and steer-by-wire systems. As EPS makes vehicles highly fuel-efficient, its adoption is increasing in passenger cars in particular, including entry-level passenger cars.

EPS together with its components cost more than a hydraulic power steering system and enable manufacturers of automotive steering systems and steering system components to register higher profit margins. Thus, the increasing adoption of EPS will drive the global automotive rack and pinion steering system market during the forecast period. The analysts have predicted that the automotive rack and pinion steering system market will register a CAGR of over 4% by 2023.

Market Overview

Rack and pinion steering provide improved control

Safety systems being developed today have changed the dynamics of the automotive industry. The high-efficiency rate of such driver-assist safety technologies has made roads safer by reducing accidents. The growing penetration of passive and active safety systems in vehicles has helped build trust and confidence among users.

Rising cost of raw materials

The increasing need for improving fuel efficiency is pushing automotive manufacturers to reduce vehicle weight without compromising on performance. Manufacturers of automotive steering system components such as steering column and steering gearbox use aluminum extensively, and rising prices are expected to challenge the global automotive rack and pinion steering system market during the forecast period.

For the detailed list of factors that will drive and challenge the growth of the automotive rack and pinion steering system market during the 2019-2023, view this report.

Competitive Landscape

The market appears to be moderately 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

  • JTEKT Corporation
  • Knorr-Bremse AG
  • Robert Bosch GmbH
  • 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 APPLICATION
  • Market segmentation by application
  • Comparison by application
  • Passenger cars - Market size and forecast 2018-2023
  • Commercial vehicles - Market size and forecast 2018-2023
  • Market opportunity by application
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 10: MARKET TRENDS
  • Increasing popularity of steer-by-wire system
  • Increasing popularity of dual-pinion steering system
  • Development of rack and pinion steering system with iHSA control module for HCVs
PART 11: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 12: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • JTEKT Corporation
  • Knorr-Bremse AG
  • Nexteer Automotive Corporation
  • Robert Bosch GmbH
  • ZF Friedrichshafen AG
PART 13: APPENDIX
  • Research methodology
  • List of abbreviations
List of Exhibits
Exhibit 01: Global automotive components market
Exhibit 02: Segments of global automotive components 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 ($ billions)
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: Passenger cars - Market size and forecast 2018-2023 ($ billions)
Exhibit 20: Passenger cars - Year-over-year growth 2019-2023 (%)
Exhibit 21: Commercial vehicles - Market size and forecast 2018-2023 ($ billions)
Exhibit 22: Commercial vehicles - 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: APAC - Market size and forecast 2018-2023 ($ billions)
Exhibit 28: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 29: Europe - Market size and forecast 2018-2023 ($ billions)
Exhibit 30: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 31: North America - Market size and forecast 2018-2023 ($ billions)
Exhibit 32: North America - Year-over-year growth 2019-2023 (%)
Exhibit 33: South America - Market size and forecast 2018-2023 ($ billions)
Exhibit 34: South America - Year-over-year growth 2019-2023 (%)
Exhibit 35: MEA - Market size and forecast 2018-2023 ($ billions)
Exhibit 36: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 37: Key leading countries
Exhibit 38: Market opportunity
Exhibit 39: Impact of drivers and challenges
Exhibit 40: Vendor landscape
Exhibit 41: Landscape disruption
Exhibit 42: Vendors covered
Exhibit 43: Vendor classification
Exhibit 44: Market positioning of vendors
Exhibit 45: JTEKT Corporation - Vendor overview
Exhibit 46: JTEKT Corporation - Business segments
Exhibit 47: JTEKT Corporation - Organizational developments
Exhibit 48: JTEKT Corporation - Geographic focus
Exhibit 49: JTEKT Corporation - Segment focus
Exhibit 50: JTEKT Corporation - Key offerings
Exhibit 51: Knorr-Bremse AG - Vendor overview
Exhibit 52: Knorr-Bremse AG - Business segments
Exhibit 53: Knorr-Bremse AG - Organizational developments
Exhibit 54: Knorr-Bremse AG - Geographic focus
Exhibit 55: Knorr-Bremse AG - Segment focus
Exhibit 56: Knorr-Bremse AG - Key offerings
Exhibit 57: Nexteer Automotive Corporation - Vendor overview
Exhibit 58: Nexteer Automotive Corporation - Product segments
Exhibit 59: Nexteer Automotive Corporation - Organizational developments
Exhibit 60: Nexteer Automotive Corporation - Geographic focus
Exhibit 61: Nexteer Automotive Corporation - Segment focus
Exhibit 62: Nexteer Automotive Corporation - Key offerings
Exhibit 63: Robert Bosch GmbH - Vendor overview
Exhibit 64: Robert Bosch GmbH - Business segments
Exhibit 65: Robert Bosch GmbH - Organizational developments
Exhibit 66: Robert Bosch GmbH - Geographic focus
Exhibit 67: Robert Bosch GmbH - Segment focus
Exhibit 68: Robert Bosch GmbH - Key offerings
Exhibit 69: ZF Friedrichshafen AG - Vendor overview
Exhibit 70: ZF Friedrichshafen AG - Business segments
Exhibit 71: ZF Friedrichshafen AG - Organizational developments
Exhibit 72: ZF Friedrichshafen AG - Geographic focus
Exhibit 73: ZF Friedrichshafen AG - Segment focus
Exhibit 74: ZF Friedrichshafen AG - Key offerings
Exhibit 75: Validation techniques employed for market sizing
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • JTEKT Corporation
  • Knorr-Bremse AG
  • Robert Bosch GmbH
  • ZF Friedrichshafen AG
  • MORE
Global Automotive Rack and Pinion Steering System Market 2019-2023

The analyst recognizes the following companies as the key players in the global automotive rack and pinion steering system market: JTEKT Corporation, Knorr-Bremse AG, Nexteer Automotive Corporation, Robert Bosch GmbH, ZF Friedrichshafen AG.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the increasing popularity of steer-by-wire system.”

According to the report, one of the major drivers for this market is the design and manufacturing benefits of rack and pinions steering system.

Further, the report states that one of the major factors hindering the growth of this market is the recalls due to defective rack and pinion steering system.

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