Steering is the collection of components, linkages, etc. which allows any vehicle (car, motorcycle, bicycle) to follow the desired course. An exception is the case of rail transport by which rail tracks combined together with railroad switches provide the steering function. The primary purpose of the steering system is to allow the driver to guide the vehicle.
One trend in the market is enhanced bus steering system to reduce fuel consumption. The majority of the buses on the road has a steering system with conventional power steering pumps. This type of steering system is powered by the internal combustion engine, which eventually utilizes the fuel for it. One driver in the market is growing steering assisted technologies for buses. The bus market is continuously evolving with changing market dynamics across the globe. Since 2011, the global bus market has become competitive in nature with automakers competing through their distinct product offerings. The latest technologies in safety systems are also being used as product differentiators by the OEMs or automakers in their vehicles.
APAC is expected to be the major revenue contributor to the steering angle sensor market throughout the forecast period. Factors such as increased volume of buses and the rising demand for safety and comfort in buses will increase the replacement of older buses and will drive the growth of the bus steering system market in APAC.
In 2019, the market size of Bus Steering System 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 Bus Steering System.
This report studies the global market size of Bus Steering System, 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 Bus Steering System 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:
Robert Bosch
Daimler
JTEKT
ZF-TRW
...
Market Segment by Product Type
Mechanical Steering System
Power Steering System
Others
Market Segment by Application
Single-Deck Bus
Double-Deck Bus
Others
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 Bus Steering System 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 Bus Steering System 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 Bus Steering System 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 Bus Steering System. Industry analysis & Market Report on Bus Steering System is a syndicated market report, published as Global (United States, European Union and China) Bus Steering System Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Bus Steering System market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.