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Global Automotive Steering System 2016-2020

  • December 2015
  • -
  • Infiniti Research Limited
  • -
  • 85 pages

Outlook of the global automotive steering system market
Technavio’s market research analyst predicts the global automotive steering system market to grow at a steady CAGR of more than 8% by 2020. The integration of driver assistance systems in vehicles and the development of the steer-by-wire steering system will aid in the growth of this market. Since the automotive steering system market is an integral part of the global automobile market, an increase in the global sale of automobiles will foster growth in the steering systems market during the estimated period.
In terms of geography, the APAC region will dominate the market for steering systems during the forecast period. This region will account for a market share of more than 52% as it is the fastest and largest automotive market. This region is also the largest hub for automotive manufacturing activities due to its relaxed government incentives, low cost, and raw material advantages. Also, factors like low-cost labor, government incentives such as tax exemption and subsidy towards local manufacturing, and free-trade agreements with other countries in the region will promote market growth in this region during the predicted period.

Segmentation by end market and analysis of automotive steering system market
- Aftermarket
- OEM

In this market study, analysts have estimated the OEM segment to be the largest market segment during the predicted period. This segment currently accounts for a market share of approximately 77% and is envisaged to retain its dominating hold over the market by 2020 owing to structural changes in terms of electrification of automotive mechanisms, emission regulations, connectivity, and safety. Additionally, factors such as growing investments in the R&D of steer-by-wire technologies will result in the growth of this market segment during the predicted period.

Product-type segmentation of the automotive steering system market
- Hydraulic power steering (HPS)
- Electro-hydraulic power steering (EHPS)
- Electric power steering (EPS)

Technavio market research analysts have estimated the EPS system segment to account for an impressive market share of approximately 59% during the forecast period. Benefits such as its high fuel efficiency and reduction in weight, low development cost, and low energy consumption will foster the prospects for growth in this market segment during the estimated period.


Competitive landscape and key vendors
The global automotive steering system market is fragmented due to the presence of well-diversified global and regional vendors. The competitive environment in this market is expected to intensify with an increase in R&D innovations and M&A activities during the forecast period. The market is also likely to witness a growing trend of local acquisitions by the leading players as it will help them to boost their revenue generating capacity.

Top vendors analyzed in this market study are -
- Bosch
- JTEKY
- Mando
- Nexteer
- TRW
- Thyssen Krupp

Other prominent vendors in the market include Atmel, China Automotive Systems, Denso, Douglas Autotech, Mitsubishi Electric, NSK, Tianjin Jinfeng Automobile Chassis Parts, and Zhjiang Shibao.

Key questions answered in the report
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global automotive steering system?
- What are the key market trends impacting the growth of the automotive steering system?
- 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 vendors in the global automotive steering system?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the automotive steering system?

Technavio also offers customization on reports based on specific client requirement.


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- Global Fuel Cell Market 2015-2019

Table Of Contents

Global Automotive Steering System 2016-2020
PART 01: Executive summary
- Highlights
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by type
- Global automotive steering system market segmentation by type
- Global EPS system market
- Global HPS system market
- Global EHPS system market
PART 07: Market segmentation by end market
- Global automotive steering system market segmentation by end market
- Global automotive steering system market for OEMs
- Global automotive steering system market for aftermarket
PART 08: Geographical segmentation
- Global automotive steering system market by geography
- Automotive steering system market in APAC
- Automotive steering system market in EMEA
- Automotive steering system market in the Americas
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
- Competitive scenario
- Other prominent vendors
PART 15: Key vendor analysis
- Bosch
- JTEKT
- Mando
- Nexteer Automotive
- TRW Automotive
- ThyssenKrupp Presta
PART 16: Appendix
- List of abbreviations
PART 17: Explore Technavio
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Exhibit 01: Product offerings 7
Exhibit 02: Types of steering system
Exhibit 03: Power steering system components
Exhibit 04: Types of power steering system
Exhibit 05: Automotive steering system evolution
Exhibit 06: Automotive steering system market segmentation
Exhibit 07: Global automotive steering system market 2014-2020 (millions of units)
Exhibit 08: Five forces analysis
Exhibit 09: Global automotive steering system market segmentation by type
Exhibit 10: Global automotive steering system market segmentation by type 2015
Exhibit 11: Global automotive steering system market segmentation by type 2014-2020 (millions of units)
Exhibit 12: Global EPS system market 2014-2020 (millions of units)
Exhibit 13: Global HPS system market 2014-2020 (millions of units)
Exhibit 14: HCV unit shipments 2014-2020 (million units)
Exhibit 15: Global EHPS system market 2014-2020 (millions of units)
Exhibit 16: Global automotive steering system market segmentation by end market 2015
Exhibit 17: Global automotive steering system market segmentation by end market 2014-2020 (millions of units)
Exhibit 18: Global automotive steering system market for OEMs 2014-2020 (millions of units)
Exhibit 19: Global automotive steering system market for aftermarket 2014-2020 (millions of units)
Exhibit 20: Global automotive steering system market by geography 2015 (% share)
Exhibit 21: Global automotive steering system market 2014-2020 (millions of units)
Exhibit 22: Automotive steering system market in APAC 2014-2020 (millions of units)
Exhibit 23: Automotive steering system market in EMEA 2014-2020 (millions of units)
Exhibit 24: Automotive steering system market in the Americas 2014-2020 (millions of units)
Exhibit 25: Automotive-related CO2 emissions in the US (millions of metric tons)
Exhibit 26: Global all electric and hybrid vehicle sales 2010-2014 (thousands of units)
Exhibit 27: Passenger car sales in the BRIC nations (millions of units)
Exhibit 28: Automobile sales growth 2010-2014 (millions of units)
Exhibit 29: Impact of drivers
Exhibit 30: Cost pressure over electronic components
Exhibit 31: Impact of drivers and challenges

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