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 global Hydraulic Steering System market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Hydraulic Steering System volume and value at global level, regional level and company level. From a global perspective, this report represents overall Hydraulic Steering System market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Hydraulic Steering System in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Hydraulic Steering System manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
ZF Friedrichshafen
GKN
Nexteer Automotive
ThyssenKrupp
...
Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India
Segment by Type
Hydraulic Helm Pump
Hydraulic Cylinder
Rigid or Flexible Hoses
Others
Segment by Application
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
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 Professional Survey Report 2019. It is complete Research Study and Industry Analysis of Hydraulic Steering System market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.