Market Research Logo

Global Automotive Steering Market With Focus on Hydraulic & Electric Power Steering: 2016-2020

Global Automotive Steering Market With Focus on Hydraulic & Electric Power Steering: 2016-2020

Scope of the Report

The report titled “Global Automotive Steering Market With Focus on Hydraulic & Electric Power Steering: 2016-2020” provides an in-depth analysis of the global automotive steering market with detailed analysis of market size on the basis of value and volume along with the comprehensive examination of each of the segments of the market, namely, manual steering, hydraulic power steering and electric power steering.

The report provides detailed regional analysis of Europe, China and the United States. The regional analysis of the automotive steering markets includes market size by value along with the analysis of each segment of the market.

The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global automotive steering market has also been forecasted for the period 2016-2020, taking into consideration the previous growth patterns, the growth drivers and the current and future trends. The competition in the global automotive steering market is stiff and dominated by the big players like JTEKT Corporation. Further, key players of the market ZF Group and NSK Ltd., are also profiled with their financial information and respective business strategies.

Country Coverage

Europe
China
United States

Company Coverage

JTEKT Corporation
ZF Friedrichshafen AG
NSK Ltd.

Executive Summary

The global automotive steering market witnessed an upsurge at a significant CAGR during the span of 5 years, i.e., 2010-2015 and projections are made that the market would rise in the next five years i.e. 2016-2020 tremendously. The market is spread across Asia Pacific, North America, Europe, and the rest of the World. Among these regions, Europe held the largest share, followed by China and the United States.

The automotive steering market can be segmented on the basis of types of steering into power steering and manual steering system. Power steering systems can be further categorized into electric power steering (EPS) and hydraulic power steering (HPS) system. The market is led by the EPS system due to its various advantages over HPS systems and manual steering systems. The latest technology in the power assisted steering system is the combination of electric and hydraulic technology of power steering, which is called electronic hydraulic power steering (EHPS) system. Though, the demand for EHPS is expected to decline during the forecasted period, posing a challenge for the automotive steering market.

The major growth drivers for the global automotive steering market are: upsurge in the sales of passenger vehicles, fuel prices & demand for fuel efficient cars and expected increase in the demand for electric power steering systems. Despite the market is governed by various growth drivers, there are certain challenges faced by the market such as: fluctuations in the cost of raw materials and barriers to entry. Some of the recent trends in the market include steer-by-wire technology and advanced driver assistance system (ADAS).


1. Executive Summary
2. Introduction
2.1 Introduction to Automotive Steering
2.1.1 Parts of Automotive Steering
2.2 Automotive Steering Mechanism
Table 1: Types of Automotive Steering Mechanism
2.2.1 Rack and Pinion Steering Mechanism
2.2.2 Conventional Steering Mechanism
2.3 Automotive Steering System
Table A: Characteristics of Different Types of Automotive Steering System
2.4 Power Steering System
Table 2: Types of Power Steering Systems
2.4.1 Hydraulic Power Steering System
2.4.2 Electric Power Steering System
3. Global Market Analysis
3.1 Global Automotive Steering Market by Value
Table 3: Global Automotive Steering Market by Value; 2010-2015 (US$ Billion)
Table 4: Global Automotive Steering Market by Value; 2016E-2020E (US$ Billion)
3.2 Global Automotive Steering Market by Volume
Table 5: Global Automotive Steering Market by Volume; 2010-2015 (Million Units)
3.3 Global Automotive Steering Market by Segments
Table 6: Global Automotive Steering Market by Segments; 2015 (%)
3.3.1 Global Manual Steering Market Analysis
Global Manual Steering Market by Value
Table 7: Global Manual Steering Market by Value; 2010-2015 (US$ Billion)
Table 8: Global Manual Steering Market by Value; 2016E-2020E (US$ Billion)
Global Manual Steering Market by Volume
Table 9: Global Manual Steering Market by Volume; 2010-2015 (Million Units)
3.3.2 Global Hydraulic Power Steering Market Analysis
Global Hydraulic Power Steering Market by Value
Table 10: Global Hydraulic Power Steering Market by Value; 2010-2015 (US$ Billion)
Table 11: Global Hydraulic Power Steering Market by Value; 2016E-2020E (US$ Billion)
Global Hydraulic Power Steering Market by Volume
Table 12: Global Hydraulic Power Steering Market by Volume; 2010-2015 (Million Units)
3.3.3 Global Electric Power Steering Market Analysis
Global Electric Power Steering Market by Value
Table 13: Global Electric Power Steering Market by Value; 2010-2015 (US$ Billion)
Table 14: Global Electric Power Steering Market by Value; 2016E-2020E (US$ Billion)
Global Electric Power Steering Market by Volume
Table 15: Global Electric Power Steering Market by Volume; 2010-2015 (Million Units)
Global Electric Power Steering Penetration Rate and Average Selling Price
Table 16: Global Electric Power Steering Penetration Rate; 2010-2015 (%)
Table 17: Global Electric Power Steering Average Selling Price; 2011-2015 (US$)
3.4 Global Automotive Steering Market by Region
Table 18: Global Automotive Steering Market by Region; 2015 (%)
4. Regional Market Analysis
4.1 Europe Automotive Steering Market Analysis
4.1.1 Europe Automotive Steering Market by Value
Table 19: Europe Automotive Steering Market by Value; 2012-2020E (US$ Billion)
4.1.2 Europe Automotive Steering Market by Segments
Table 20: Europe Automotive Steering Market by Segments; 2012-2020E (US$ Million)
4.2. China Automotive Steering Market Analysis
4.2.1 China Automotive Steering Market by Value
Table 21: China Automotive Steering Market by Value; 2012-2020E (US$ Billion)
4.2.2 China Automotive Steering Market by Segments
Table 22: China Automotive Steering Market by Segments; 2012-2020E (US$ Million)
4.3 The U.S. Automotive Steering Market Analysis
4.3.1 The U.S. Automotive Steering Market by Value
Table 23: The U.S. Automotive Steering Market by Value; 2012-2020E (US$ Billion)
4.3.2 The U.S. Automotive Steering Market by Segments
Table 24: The U.S. Automotive Steering Market by Segments; 2012-2020E (US$ Million)
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Upsurge in the Sales of Passenger Vehicles
Table 25: Global Sales of Passenger Cars by Volume; 2010-2015 (Million Units)
5.1.2 Increase in the Fuel Prices
Table 26: Global Fuel Price per Liter; 2000-2014 (US$)
5.1.3 Expected Rise in Demand for Electric Power Steering
Table 27: Global Demand of Electric Power Steering by Volume; 2015-2020E (Thousand Units)
5.1.4 Demand of Fuel Efficient Cars
5.2 Challenges
5.2.1 Estimated Decline in the Demand for Electronic Hydraulic Power Steering
Table 28: Global Demand of Electronic Hydraulic Power Steering by Volume; 2015-2020E (Thousand Units)
5.2.2 Fluctuations in the Cost of Raw Material
5.2.3 Barriers to Entry
5.3 Market Trends
5.3.1 Automotive Steer-by-Wire System
5.3.2 Advanced Driver Assistance System (ADAS)
6. Competitive Landscape
6.1 Global Automotive Steering Market Major Players
Table 29: Global Automotive Steering Market by Major Players; 2014 (%)
6.2 China Electric Power Steering Market Major Players
Table 30: China Electric Power Steering Market by Major Players; 2014 (%)
7. Company Profiling
7.1 JTEKT Corporation
7.1.1 Business Overview
Table 31: JTEKT Corporation Business Segments
7.1.2 Financial Overview
Table 32: JTEKT Net Sales; 2011-2015 (US$ Billion)
Table 33: JTEKT Net Sales by Business Segments; 2014 (%)
Table 34: JTEKT Net Sales by Region; 2014 (%)
7.1.3 Business Strategy
7.2 ZF Friedrichshafen AG
7.2.1 Business Overview
Table 35: ZF Friedrichshafen AG Business Segments
7.2.2 Financial Overview
Table 36: ZF Group Net Sales; 2010-2015 (US$ Billion)
Table 37: ZF Group Net Sales by Business Segments; 2015 (%)
Table 38: ZF Group Net Sales by Region; 2015 (%)
7.2.3 Business Strategy
7.3 NSK Ltd.
7.3.1 Business Overview
7.3.2 Financial Overview
Table 39: NSK Ltd. Net sales; 2011-2015 (US$ Billion)
Table 40: NSK Ltd. Net Sales by Business Segments; 2015 (%)
Table 41: NSK Ltd. Net Sales by Region; 2015 (%)
7.3.3 Business Strategy

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report