Automotive power steering helps the driver to steer the wheels by controlling the steering effort on the wheel. In power steering, electric motors help the steering motion instead of hydraulic systems.
The automotive power steering gears market was dominated by the passenger cars segment during 2017 and its dominance is expected to continue until the end of 2023. Approximately 75% of passenger cars use rack and pinion gear systems over other mechanisms as they help to convert rotational energy of the steering wheel into a linear motion and turn the wheels of a vehicle. Since gears based on the rack and pinion steering systems are cheaper and compact and help in gear reduction and provide more control over the vehicle, they are increasingly integrated into the gear setup of passenger cars.
APAC occupied the majority shares of the automotive power steering gears market during 2017 and the region will retain its market dominance during the next few years as well. The growing sales of passenger cars in emerging countries such as China and India will fuel the market’s growth in the region. Moreover, the introduction of new fuel consumption standards in China aimed at reducing the carbon footprint will further drive the demand for automotive power steering gears in passenger vehicles.
In 2019, the market size of Automotive Power Steering Gears is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Automotive Power Steering Gears.
This report studies the global market size of Automotive Power Steering Gears, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Automotive Power Steering Gears production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
GKN
Robert Bosch
JTEKT
Nexteer Automotive
Thyssenkrupp
ZF Friedrichshafen
ATS Automation Tooling Systems
Mando
Market Segment by Product Type
Hydraulic Power Steering
Electric Power Steering
Other
Market Segment by Application
Passenger Cars
Commercial Vehicles
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Automotive Power Steering Gears status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Automotive Power Steering Gears manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Automotive Power Steering Gears are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Automotive Power Steering Gears . Industry analysis & Market Report on Automotive Power Steering Gears is a syndicated market report, published as Global (United States, European Union and China) Automotive Power Steering Gears Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Automotive Power Steering Gears market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.