In automobiles, power steering is a device that helps drivers steer by augmenting steering effort of the steering wheel. Hydraulic or electric actuators add controlled energy to the steering mechanism, so the driver can provide less effort to turn the steered wheels when driving at typical speeds, and reduce considerably the physical effort necessary to turn the wheels when a vehicle is stopped or moving slowly. Power steering can also be engineered to provide some artificial feedback of forces acting on the steered wheels.
The increased penetration of hydraulic power steering in commercial vehicles is one of the primary drivers for market growth. The conventional hydraulic power steering is largely used in heavy commercial vehicles. Most of the commercial vehicles utilize the hydraulic or the EHS system since the electric power steering (EPS) system has not exceeded the 15 kN barriers. Normally, the power required to steer a truck is more than a car, and there is a huge difference in the front axle load in trucks and cars. A standard car can carry up to 750 Kg, but heavy trucks can take up to 7,500 Kg. Therefore, hydraulic steering is the most common front axle steering for heavy commercial vehicles.
APAC accounted for the major shares of the hydraulic steering system market during 2016 and will continue its dominance throughout the forecast period in the automotive steering system market. The utilization of the hydraulic steering system in full-size SUVs, LCVs, and M&HCVs and the high penetration in countries such as China, India, and Japan will drive the market’s growth in the region. Moreover, the rising adoption of electrohydraulic power steering (EHPS) in commercial vehicles and the development of similar system, will also contribute to the growth of the market in APAC.
The Hydraulic Steering System market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Hydraulic Steering System.
This report presents the worldwide Hydraulic Steering System market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
ZF Friedrichshafen
GKN
Nexteer Automotive
ThyssenKrupp
Hydraulic Steering System Breakdown Data by Type
Hydraulic Helm Pump
Hydraulic Cylinder
Rigid or Flexible Hoses
Others
Hydraulic Steering System Breakdown Data by Application
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
Hydraulic Steering System Production by Region
United States
Europe
China
Japan
Other Regions
Hydraulic Steering System Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Hydraulic Steering System status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Hydraulic Steering System manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers 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 Hydraulic Steering System :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Hydraulic Steering System market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Hydraulic Steering System. Industry analysis & Market Report on Hydraulic Steering System is a syndicated market report, published as Global Hydraulic Steering System Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of Hydraulic Steering System market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.