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Published Date: 2015-07-31Number of Pages: 81

Automotive Steering Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021

The global automotive steering system market has been covered under the scope of this report. The rising demand for automobiles globally and the demand for effortless maneuverability of vehicles has propelled the growth of companies which manufacturer’s automotive steering systems. Steering system is a core element a vehicle; it directs the vehicle and helps to avoid obstacles and take a turn.. A steering system is the direct contact of the driver with the vehicle.

An automotive steering system is the most vital component of any vehicle as it is the direct line of control and communication between the driver and the vehicle. An automotive steering system consists of various parts such as steering wheel, steering column, intermediate shaft, tie rods, and hydraulic pumps among others.

Global automotive steering system market is primarily driven by the growth in demand of automotive sector in emerging markets and increasing demand fuel efficient vehicles. Automotive sectors are witnessing high demand for automotive steering systems in developing countries such as China, India, and others. The market in these regions is mainly driven by fuel efficient vehicles and demand effortless maneuverability of vehicles. Considering all these positive impacts, demand for automotive steering system is set to rise during the forecast period from 2015 to 2021.

The global automotive steering system market has been broadly segmented into four regions, North America, Europe, Asia Pacific and RoW (Rest of the World). In terms of revenue, Europe held the largest share of the market in 2014 followed by North America. Increasing purchasing power of the consumers is also driving the market for automotive steering system. In addition, the increasing vehicle production in all regions of the world is also influencing the demand for the automotive steering system market. Electro-Hydraulic Power Steering is becoming largely popular in the automotive steering system market because they converge the advantages of both Hydraulic Power Steering and Electronic Power Steering and delivering the best results. Electronic Power Steering Systems are much more fuel efficient and easy to handle. Most of the passenger vehicles and streets cars have Electronic Power Steering Systems. This system is driven by an electric motor which is independent from the main engine and only operates when it is needed. Hydraulic Power Steering systems are the most basic and hassle free design among steering systems. The steering system provides assistance to the driver to steer by providing hydraulic assistance to the steering mechanism. So the drivers just have to put a modest force to the steering wheel while the hydraulic system does the rest The major concern of the industry is the huge capital that is required for research and development of steering system, which increases the price of the automotive steering system considerably.

Germany and the UK are the leading manufacturers in the automotive sector in the Europe region. The increasing advancements in automotive technology have positively impacted the demand for steering systems in the region. Automotive steering systems are considered to be the main line of control of the driver with the automobiles. Therefore, the demand for automotive steering systems is set to grow in the region with the change in lifestyles and increasing purchasing power of the consumers.

The global automotive steering system market, by vehicle types is bifurcated into three segments such as Heavy Commercial Vehicle, Light Commercial Vehicle and Passenger 

TRW Automotive Holdings (U.S.), Mitsubishi Electric Corporation (Japan), Hyundai Mobis Co. Ltd (South Korea), Sona Koyo Steering Systems Ltd (India), Robert Bosch Automotive Steering GmbH (Germany), JTEKT Corporation (Japan), Nexteer Automotive (U.S.), Thyssenkrupp Presta AG Aktiengesellschaft (U.S.), China Automotive Systems Inc. (China) and ZF Friedrichshafen Manufacturing Company (Germany. are some of the key players in the automotive steering systems market

 

automotive-steering-systems-market

 

 

Chapter 1 Preface

1.1 Report Description

1.2 Research Scope

1.3 Research Methodology

 

Chapter 2 Executive Summary

 

Chapter 3 Market Overview

3.1 Introduction

3.2 Value Chain Analysis

3.2.1 Parts and Components Suppliers

3.2.2 Steering Systems Assemblers and Manufacturers

3.2.3 Automobile Manufacturers

3.3 Market Dynamics

3.3.1 Market Drivers for Electronic Power Steering

3.3.1.1 Growth of automotive Sector in Emerging Markets

3.3.1.2 Increasing demand for fuel efficient vehicles

3.3.2 Market Drivers for Electro Hydraulic Power Steering

3.3.2.1 Better Road Feedback

3.3.2.2 Fuel Efficient

3.3.3 Market Restraints

3.3.3.1 Market Restraints for Electro Hydraulic Power Steering

3.3.3.2 Market Restraints for Electronic Power Steering

3.3.4 Market Restraints for Hydraulic Power Steering

3.3.5 Market Opportunities

3.3.5.1 Steer- By-Wire

3.4 Automotive Steering Systems: Market Attractiveness Analysis

3.5 Competitive Landscape

3.5.1 Automotive Steering Systems Market: Market Positioning of Key Players

3.5.2 Competitive Strategies Adopted by Leading Players

 

Chapter 4 Global Automotive Steering Systems Market Revenue, by Vehicle Type, 2015 – 2021 (USD Billion)

4.1 Overview

4.1.1 Global Automotive Steering Systems Market Revenue Share, By Vehicle Type, 2014 - 2021

4.2 Heavy Commercial Vehicle

4.2.1 Global Heavy Commercial Vehicle Market Revenue and Forecast, 2014 – 2021, (USD Billion)

4.3 Light Commercial Vehicle

4.3.1 Global Light Commercial Vehicle Market Revenue and Forecast, 2014 – 2021, (USD Billion)

4.4 Passenger Vehicle

4.4.1 Global Passenger Vehicle Market Revenue and Forecast, 2014 – 2021, (USD Billion)

 

Chapter 5 Global Automotive Steering Systemss Market: By Steering Systems Type (USD Billion)

5.1 Overview

       5.1.1 Global Automotive Steering Systems Market Revenue Share, By Steering Systems Material, 2014 and 2021

5.2 Electronic Power Steering

5.2.1 Global Electronic Power Steering Steering Systems Market, 2014 – 2021, (USD Billion)

5.3 Electro-Hydraulic Power Steering

5.3.1 Global Electro-Hydraulic Power Steering Steering Systems Market, 2014 – 2021, (USD Billion)

5.4 Hydraulic Power Steering

5.4.1 Global Hydraulic Power Steering Steering Systems Market, 2014 – 2021, (USD Billion)

 

Chapter 6 Global Automotive Steering Systems Market, By Geography:

6.1 Global Automotive Steering Systems Market: Regional Overview

6.1.1 Global Automotive Steering Systems Market Revenue Share, By Geography, 2014 and 2021

6.2 North America

6.2.1 North America Automotive Steering Systems Market Revenue Share, By Geography, 2014 – 2021 (USD Billion)

6.2.2 North America Automotive Steering Systems Market, By Vehicle Type, 2014 – 2021, (USD Billion)

6.2.3 North America Automotive Steering Market, By Steering Systems Type, 2014 – 2021, (USD Billion)

6.2.4 U.S

6.2.4.1 U.S Automotive Steering Systems Market, 2014 – 2021, (USD Billion)

6.2.5 Canada

6.2.5.1 Canada Automotive Steering Systems Market, 2014 – 2021, (USD Billion)

6.2.6 Mexico

6.2.6.1 Mexico Automotive Steering Systems Market, 2014 – 2021, (USD Billion)

6.3 Europe

6.3.1 Europe Automotive Steering Systems Market, 2014 – 2021, (USD Billion)

6.3.2 Europe Automotive Steering Systems Market, By Vehicle Type, 2014 – 2021, (USD Billion)

6.3.3 Europe Automotive Steering  System Market, By Steering Systems type, 2014 – 2021, (USD Billion)

6.3.4 Germany

6.3.4.1 Germany Automotive Steering Systems Market, 2014 – 2021, (USD Billion)

6.3.5 U.K

6.3.5.1 U.K. Automotive Steering Systems Market, 2014 – 2021, (USD Billion)

6.3.6 France

6.3.6.1 France Automotive Steering Systems Market, 2014 – 2021, (USD Billion)

6.3.7 Italy

6.3.7.1 Italy Automotive Steering Systems Market, 2014 – 2021, (USD Billion)

6.3.8 Rest of Europe

6.3.8.1 Rest of Europe Automotive Steering Systems Market, 2014 – 2021, (USD Billion)

6.4 Asia-Pacific (APAC)

6.4.1 Asia-Pacific Automotive Steering Systems Market, 2014 – 2021, (USD Billion)

6.4.2 APAC Automotive Steering Systems Market, By Vehicle Type, 2014 – 2021, (USD Billion)

6.4.3 APAC Automotive Steering System Market, By Steering Systems type, 2014 – 2021, (USD Billion)

6.4.4 China

6.4.4.1 China Automotive Steering Systems Market, 2014 – 2021, (USD Billion)

6.4.5 India

6.4.5.1 India Automotive Steering Systems Market, 2014 – 2021, (USD Billion)

6.4.6 Japan

6.4.6.1 Japan Automotive Steering Systems Market, 2014 – 2021, (USD Billion)

6.4.7 South Korea

6.4.7.1 South Korea Automotive Steering Systems Market, 2014 – 2021, (USD Billion)

6.4.8 Rest of Asia Pacific

6.4.8.1 Rest of Asia Pacific Automotive Steering Systems Market, 2014 – 2021, (USD Billion)

6.5 Rest of the World (RoW)

6.5.1 Rest of the World Automotive Steering Systems Market, 2014 – 2021, (USD Billion)

6.5.2 Rest of the World Automotive Steering Systems Market, By Vehicle Type, 2014 – 2021, (USD Billion)

6.5.3 Rest of the World Automotive Steering  System Market, By Steering Systems type, 2014 – 2021, (USD Billion)

6.5.4 South America

6.5.4.1 South America Automotive Steering  System Market, 2014 – 2021, (USD Billion)

6.5.5 Middle East

6.5.5.1 Middle East Automotive Steering  System Market, 2014 – 2021, (USD Billion)

6.5.6 Africa

6.5.6.1 Africa Automotive Steering  System Market, 2014 – 2021, (USD Billion)

 

Chapter 7 Company Profiles

7.1 TRW Automotive Holdings.

7.2 Mitsubishi Electric Corporation

7.3 Hyundai Mobis Co. Ltd.

7.4 Sona Koyo Steering Systems Ltd.

7.5 Robert Bosch Automotive Steering GmbH

7.6 JTEKT Corporation

7.7 Nexteer Automotive

7.8 Thyssenkrupp Presta AG Aktiengesellschaft

7.9 China Automotive Systems Inc.

7.10 ZF Friedrichshafen Manufacturing Company

List of Figures

 

FIG. 1 Automotive Steering Systems Market: Value chain analysis

FIG. 2 Market Attractiveness Analysis, By Steering Type, 2014

FIG. 3 Automotive Steering Systems: Market Positioning of Key  Players, 2014 (%)

FIG. 4 Global Automotive Steering Systems Market By Vehicle Type, 2014 and 2021

FIG. 5 Global Heavy Commercial Vehicle Market Revenue and Forecast, 2014 – 2021, (USD Billion)

FIG. 6 Global Light Commercial Vehicle Market Revenue and Forecast, 2014 – 2021, (USD Billion)

FIG. 7 Global Passenger Vehicle Market Revenue and Forecast, 2014 – 2021, (USD Billion)

FIG. 8 Global Automotive Steering Systems Market By Steering Systems type, 2014 and 2021

FIG. 9 Global Electronic Power Steering Steering Systems Market, 2014 – 2021, (USD Billion)

FIG. 10 Global Electro-Hydraulic Power Steering Steering Systems Market, 2014 – 2021, (USD Billion)

FIG. 11 Global Hydraulic Power Steering Steering Systems Market, 2014 – 2021, (USD Billion)

FIG. 12 Global Automotive Steering Systems Market Revenue Share, By Geography, 2014 and 2021

FIG. 13 North America Automotive Steering Systems Market, 2014 – 2021, (USD Billion)

FIG. 14 U.S. Automotive Steering Systems Market, 2014 – 2021, (USD Billion)

FIG. 15 Canada Automotive Steering Systems Market, 2014 – 2021, (USD Billion)

FIG. 16 Mexico Automotive Steering Systems Market, 2014 – 2021, (USD Billion)

FIG. 17 Europe Automotive Steering Systems Market, 2014 – 2021, (USD Billion)

FIG. 18 Germany Automotive Steering Systems Market, 2014 – 2021, (USD Billion)

FIG. 19 U.K. Automotive Steering Systems Market, 2014 – 2021, (USD Billion)

FIG. 20 France Automotive Steering Systems Market, 2014 – 2021, (USD Billion)

FIG. 21 Italy Automotive Steering Systems Market, 2014 – 2021, (USD Billion)

FIG. 22 Rest of Europe Automotive Steering Systems Market, 2014 – 2021, (USD Billion)

FIG. 23 Asia-Pacific Automotive Steering Systems Market, 2014 – 2021, (USD Billion)

FIG. 24 China Automotive Steering Systems Market, 2014 – 2021, (USD Billion)

FIG. 25 India Automotive Steering Systems Market, 2014 – 2021, (USD Billion)

FIG. 26 Japan Automotive Steering Systems System Market, 2014 – 2021, (USD Billion)

FIG. 27 South Korea Automotive Steering Systems System Market, 2014 – 2021, (USD Billion)

FIG. 28 Rest of Asia Pacific Automotive Steering Systems System Market, 2014 – 2021, (USD Billion)

FIG. 29 Rest of the World Automotive Steering Systems Market, 2014 – 2021, (USD Billion)

FIG. 30 South Africa Automotive Steering  System Market, 2014 – 2021, (USD Billion)

FIG. 31 Middle East Automotive Steering  System Market, 2014 – 2021, (USD Billion)

FIG. 32 Africa Automotive Steering  System Market, 2014 – 2021, (USD Billion)

List of Tables

 

TABLE 1 Snapshot: Global Steering Systems System Market

TABLE 2 Drivers for the Electronic Power Steering Systems Market

TABLE 3 Drivers for the Electro-Hydraulic Power Steering Systems Market

TABLE 4 Restraints for the Electro-Hydraulic Power Steering Systems Market

TABLE 5 Restraints for the Electronic Power Steering Systems Market

TABLE 6 Restraints for the Hydraulic Power Steering Systems Market

TABLE 7 Europe Automotive Steering Systems Market, By Vehicle Type, 2014 – 2021, (USD Billion)

TABLE 8 Europe Automotive Steering Systems Market, By Steering Systems type, 2014 – 2021, (USD Billion)

TABLE 9 APAC Automotive Steering Systems Market, By Vehicle Type, 2014 – 2021, (USD Billion)

TABLE 10 APAC Automotive Steering Systems Market, By Steering Systems type, 2014 – 2021, (USD Billion)

TABLE 11 Rest of the World Automotive Steering Systems Market, By Vehicle Type, 2014 – 2021, (USD Billion)

TABLE 12 Rest of the World Automotive Steering Systems Market, By Steering Systems type, 2014 – 2021, (USD Billion)

This research study analyzes the automotive steering systems market on a global level and provides estimates in terms of revenue (USD) from 2015 to 2021. It gives a comprehensive overview of the automotive Steering Systems industry from all the important aspects of the market. It recognizes the drivers and restraints affecting the industry and analyzes their impact over the forecast period. Moreover, it identifies the significant opportunities for market growth in the coming years.

 

Steering systems in automobile is the direct contact of the driver with its vehicle. The function of steering systems is to maneuver the vehicle to avoid obstacles or take a turn. Steering Systems are of basically three types such as Hydraulic Power Steering (HPS), Electronic Power Steering (EPS) and Electro-Hydraulic Power Steering (EHPS). Electronic Power Steering offers better mileage and is much easier to operate than hydraulic power steering. An Electro-Hydraulic Power Steering system combines the advantages of both EPS and HPS and offers the best maneuverability and fuel efficiency. 

 

Rising fuel prices has led the consumers to go for more fuel efficient vehicles, which in turn is fueling the demand for hydraulic power steering and electro-hydraulic power steering system over hydraulic power steering system. Safety features such as Electronic Stability Control (ESC), Anti-Lock Braking System (ABS) integrated with electronic steering systems is also fueling the demand for Electronic Power Steering and Electro-Hydraulic Power Steering system over Hydraulic Power Steering system.

 

The increase in the demand for passenger vehicles in the developing nations such as India, China and Japan among others has fuelled the growth of passenger vehicle segment in the world. With the rise of passenger vehicles, the demand for steering systems manufacturers is also set to increase globally. Erratic fuel prices have led to shift in automobile OEM’s preference from Hydraulic Power Steering fitted vehicles to Electronic Power Steering and Electro-Hydraulic Power Steering fitted vehicles which manages better fuel efficiency. 

 

Europe holds the largest market share in the automotive steering systems market followed by North America, Asia Pacific and Rest of the World (RoW). Due to the saturation in the markets of North America, and Europe, the automotive steering systems market is expected to witness a stable growth. In Asia Pacific the automotive steering systems market would be the maximum in the Asia Pacific region due to high sales of automobiles in the region. Moreover, increasing production of automobiles in countries such as China, Japan, South Korea and India is another factor contributing to the demand for automotive steering systems in these regions.

 

This report provides tactical analysis of the automotive steering systems market and the growth forecast for the period 2015 to 2021. The span of the report includes competitive analysis of various market segments based on the vehicle types, steering systems types and in detail cross sectional analysis of the automotive steering systems market across diverse geographic segments. To maintain the strategic decision making, the report also includes profiling of leading players in the industry, their market share and various strategy adopted by them. The market attractiveness analysis is also included in the report to provide imminent market dynamics and market competition.

 

The report also provides company market share analysis of the various industry participants along with company overview, financial overview, business strategies and recent developments in the field of automotive lighting system market. Major market participants profiled in this report include TRW Automotive Holdings (U.S.), Mitsubishi Electric Corporation (Japan), Hyundai Mobis Co. Ltd (South Korea), Sona Koyo Steering Systems Ltd (India), Robert Bosch Automotive Steering GmbH (Germany), JTEKT Corporation (Japan), Nexteer Automotive (U.S.), Thyssenkrupp Presta AG Aktiengesellschaft (U.S.), China Automotive Systems Inc. (China) and ZF Friedrichshafen Manufacturing Company (Germany).

The report segments the Automotive Steering Systems market as follows:

 

Global Automotive Steering Systems Market: By Vehicle Type 

  • Heavy Commercial Vehicle (HCV)
  • Light Commercial Vehicle (LCV)
  • Passenger Vehicle

Global Automotive Steering Systems Market: By Steering Systems type 

  • Electronic Power Steering (EPS)
  • Electro-Hydraulic Power Steering (EHPS)
  • Hydraulic Power Steering (HPS)

The report provides cross-sectional analysis of all the above mentioned segments with respect to the below mentioned regions:

 

Global Automotive Steering Systems Market: By Geography/ Country

  • North America

    • U.S.A
    • Canada
    • Mexico
  • Europe

    • Germany
    • U.K
    • Italy
    • France
    • Rest Of Europe
  • Asia Pacific

    • China
    • India
    • Japan
    • South Korea
    • Rest Of Asia Pacific
  • Rest of the World

    • South America
    • Middle East
    • Africa