global automotive steering system market 2015-2019
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Global Automotive Steering System Market 2015-2019
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Global Automotive Steering System Market 2015-2019
The report discusses the following in-depth:
• Market Size and Forecast
• Market Segmentation
• Buying Criteria
• Vendor Landscape
• Business Segmentation
• Geographical Segmentation
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Key Trends
Technavio’s Senior Analyst says, “International authorities and governments are enacting stringent emission norms and fuel efficiency standards to control and reduce global emission levels and improve the fuel economy of vehicles. As a result, the demand for and production of EPS-equipped vehicles is increasing. Implementation of stringent fuel economy standards because of the rising oil prices and the shortage of oil reserves is also positively affecting the market.”
• Automotive steering systems have evolved from being rigid to being more flexible, technologically advanced and reliable, smooth, and easy to use. Present day automotive steering systems provide enhanced stability and agility. Rising demand for automobiles is also contributing to market growth.
• Technavio's analysts forecast the global automotive steering system market grow at a CAGR of 5.89% over the period 2014-2019.
• Understanding the key drivers influencing the market
• Understanding the challenges faced by the market
• Activities of various stakeholders involved
• Key focus areas for the vendors
• Major trends that will shape the future of this market
• Vendor landscape and trajectory of the market
• Conclusion
Scope of The Report
A detailed analysis of each market driver, challenge
and trend isavailable in our report:
Global Automotive Steering System Market 2015-2019
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Vendors
To understand the vendor landscape and for a full list
of vendors view our report:
Global Automotive Steering System Market 2015-2019
JTEKT
Mando
Nexteer Automotive
JTEKT was established in 1921 and is headquartered in Nagoya, Japan. The company manufactures and sells automotive components such as steering systems, driveline components, bearings, machine tools, and electronic control devices. It also manufactures home accessory equipment.
Mando was incorporated in 1962 and is headquartered in Seongnam, South Korea. Mando manufactures and sells automotive parts to its customers in South Korea and internationally. The company focuses on the design, manufacture, and sale of brake systems, suspension systems, steering systems, and system integration.
Nexteer Automotive is a leading manufacturer of advanced steering and driveline systems. The company was established in 1906 and is headquartered in Saginaw, Michigan, US.
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Market Landscape• In terms of unit shipments, we expect the market to grow at a steady pace.
• The market growth is driven by the increased adoption of stringent fuel economy standards set by the EC and CAFE because of the rising oil prices, the scarcity of oil reserves, and the unstable political situation in Iraq, the second largest oil producer in OPEC.
• This increased adoption of stringent fuel economy standards is compelling automotive steering manufacturers to innovate, which can help in increasing the fuel efficiency of vehicles.
• In addition, the growing demand for passenger automobiles and CVs in emerging markets such as India and China because of the increase in the disposable income and the improvement in the economic conditions is also expected to boost the market growth.
• Also, advances in steering system technologies such as steer-by-wire steering systems
and integration of driver assistance systems such as LAS and ACC will contribute to the market growth.
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Key Buying CriteriaGuest Bloggers
• Authenticity • Delivery • Price• Service
Support
Parameter Details
Compatibility Automotive steering systems should be compatible with the design and functionality of the vehicle and components.
Cost Automotive steering systems should be optimally priced to avoid shifting the price burden onto consumers.
Driving Effectiveness Automotive steering systems such as EPS should offer enhanced maneuverability compared to HPS.
Fuel Efficiency Automotive steering systems should offer fuel efficiency by utilizing power from the automotive battery.
Environmental SpecificationsThe steering systems should be able to work effectively and efficiently at both high and low temperatures, i.e., in the temperature range of -4°F to 140°F.
Safety and Comfort
The new and advanced steering systems such as EPS and steer-by-wire systems should be equipped with driver assistance systems such as LAS, PAS, and ACC to ensure the safety and comfort of both drivers and passengers.
Noise Level The noise level while steering the vehicle should be minimal.
• Growth Forecasts?
• Market Analysis?
• Revenue Forecasts?
• Regional and Country level Analysis?
• Competitive Structure?
• Emerging Trends?
• Vendor Landscape?
• Other?
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Global Automotive Steering System Market 2015-2019
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