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Global Automotive Steering Gearbox Market 2019-2023

Global Automotive Steering Gearbox Market 2019-2023

About this market

Increasing popularity of dual pinion steering system to drive the market growth. Growing demand for high torque capacity steering systems has pushed automotive steering system manufacturers into developing the dual pinion steering system. This type of steering system is equipped with two pinions. Technavio’s analysts have predicted that the automotive steering gearbox market will register a CAGR of over 9% by 2023.

Market Overview

Increasing demand for automobiles

Automotive steering gears are default components in all vehicles. They are used by both internal combustion engine vehicles and electric vehicles and there are no substitutes available. Hence, growing automobile production globally is beneficial for the global automotive steering gearbox market.

Increasing cost of raw materials

The growing need for improving fuel efficiency is pushing automotive manufacturers to reduce vehicle weight without compromising on performance. Most vendors are replacing components by aluminum as its lightweight and its performance is superior. However, rising prices of this metal is adding pressure on automotive components manufacturers.

For the detailed list of factors that will drive and challenge the growth of the automotive steering gearbox market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including Bosch and Knorr-Bremse the competitive environment is quite intense. Factors such as the rising demand for automobiles and the expansion of aircraft manufacturing facilities, will provide considerable growth opportunities to automotive steering gearbox manufactures. Bosch, Knorr-Bremse, Nexteer Automotive, thyssenkrupp, and ZF Friedrichshafen are some of the major companies covered in this report.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Automotive Steering Gearbox Market 2019-2023

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increasing popularity of dual pinion steering system.”

According to the report, one of the major drivers for this market is the rising demand for automobiles.

Further, the report states that one of the major factors hindering the growth of this market is the increasing cost of raw materials.

Companies Mentioned

Bosch
Knorr-Bremse
Nexteer Automotive
thyssenkrupp
ZF Friedrichshafen

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global automotive components market
      • Table Segments of global automotive components market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ billions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Electric power steering - Market size and forecast 2018-2023
      • Table Electric power steering - Market size and forecast 2018-2023 ($ billions)
      • Table Electric power steering - Year-over-year growth 2019-2023 (%)
    • Hydraulic power steering - Market size and forecast 2018- 2023
      • Table Hydraulic power steering - Market size and forecast 2018-2023 ($ billions)
      • Table Hydraulic power steering - Year-over-year growth 2019-2023 (%)
    • Electro-hydraulic power steering - Market size and forecast 2018-2023
      • Table Electro-hydraulic power steering - Market size and forecast 2018-2023 ($ billions)
      • Table Electro-hydraulic power steering - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ billions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ billions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ billions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Development of magnetic torque overlay
    • Steering gear for steer-by-wire system
    • Increasing popularity of dual pinion steering system
    • Development of autonomous vehicles without steering wheel - a negative trend
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Bosch
      • Table Bosch - Vendor overview
      • Table Bosch - Business segments
      • Table Bosch - Organizational developments
      • Table Bosch - Geographic focus
      • Table Bosch - Segment focus
      • Table Bosch - Key offerings
    • Knorr-Bremse
      • Table Knorr-Bremse - Vendor overview
      • Table Knorr-Bremse - Business segments
      • Table Knorr-Bremse - Organizational developments
      • Table Knorr-Bremse - Geographic focus
      • Table Knorr-Bremse - Segment focus
      • Table Knorr-Bremse - Key offerings
    • Nexteer Automotive
      • Table Nexteer Automotive - Vendor overview
      • Table Nexteer Automotive - Product segments
      • Table Nexteer Automotive - Organizational developments
      • Table Nexteer Automotive - Geographic focus
      • Table Nexteer Automotive - Segment focus
      • Table Nexteer Automotive - Key offerings
    • thyssenkrupp
      • Table thyssenkrupp - Vendor overview
      • Table thyssenkrupp - Business segments
      • Table thyssenkrupp - Organizational developments
      • Table thyssenkrupp - Geographic focus
      • Table thyssenkrupp - Segment focus
      • Table thyssenkrupp - Key offerings
    • ZF Friedrichshafen
      • Table ZF Friedrichshafen - Vendor overview
      • Table ZF Friedrichshafen - Business segments
      • Table ZF Friedrichshafen - Organizational developments
      • Table ZF Friedrichshafen - Geographic focus
      • Table ZF Friedrichshafen - Segment focus
      • Table ZF Friedrichshafen - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

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