Global Automotive Steering Pump Market 2017-2021

Global Automotive Steering Pump Market 2017-2021

About Automotive Steering Pump

Automotive steering pumps assist the moment of power steering system by applying the principle of fluid mechanics. Steering pumps influence the performance, energy consumption, and noise level of the steering system in the vehicle. They are designed to maximize the highest delivery capacity and efficiency with a flat and compact design concept. Based on the type of vehicles, the global automotive steering pump market has been divided into three segments: passenger cars, LCVs, and M&HCVs.

Technavio’s analysts forecast the global automotive steering pump market to grow at a CAGR of 7.62% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive steering pump market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Automotive Steering Pump Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Bosch
  • Nexteer
  • ZF
Other prominent vendors
  • Melling Tool Company
  • Hitachi Automotive Systems Americas
  • Power Steering Associates
  • JTEKT Corporation
  • GKN
  • ATS Automation Tooling Systems
Market driver
  • High penetration of HPS in the commercial vehicle segment
  • For a full, detailed list, view our report
Market challenge
  • Increasing adoption of EPS systems
  • For a full, detailed list, view our report
Market trend
  • Electrification of mechanical components
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Automotive Steering Pump Market 2017-2021

Technavio recognizes the following companies as the key players in the global automotive steering pump market: Bosch, Nexteer, and ZF.

Other Prominent Vendors in the market are: Melling Tool Company, Hitachi Automotive Systems Americas, Power Steering Associates, JTEKT Corporation, GKN, and ATS Automation Tooling Systems.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is electrification of mechanical components. Implementation of regulations and emission norms to limit the carbon footprint of vehicles has caused the automakers to electrify mechanical parts. Electrification reduces the load on the engine, which, in turn, increases its efficiency and reduces the engine temperature.”

According to the report, one driver in the market is high penetration of HPS in the commercial vehicle segment. The presence of EPS system in M&HCVs is negligible as the conventional hydraulic-based steering systems are predominantly used in them. Most commercial vehicles still use the hydraulic or the electrohydraulic steering system as the electric power steering system has not been able to cross the 15kN barrier, and the steering power required by a commercial vehicle is higher compared to a standard passenger car. A standard passenger car carries approximately 750Kg on the axle, but heavy trucks can carry about 7,500 Kg.

Further, the report states that one challenge in the market is increasing adoption of EPS systems. Compared to conventional HPS systems, EPS systems improve the vehicle's fuel economy by 2.5%, as they do not use drive belts, hoses fluids, and pulleys. EPS systems are compact and lightweight in comparison to hydraulic systems. EHPS system is another alternative of HPS system, which does not require engine power to run; it is driven by power from the battery. Unlike the HPS system, which is continuously operated using the belt-driven power from the engine, the EPS motor is powered only when required.

Companies Mentioned

Bosch, Nexteer, ZF, Melling Tool Company, Hitachi Automotive Systems Americas, Power Steering Associates, JTEKT Corporation, GKN, and ATS Automation Tooling Systems.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Global automotive steering pump market
    • Market size and forecast
      • Table Global automotive steering pump market 2016-2021 (millions of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Global automotive steering pump market: Segmentation by product 2016 (% share)
      • Table Global automotive steering pump market: Segmentation by product 2021 (% share)
    • Global automotive steering pump market by passenger cars
      • Table Global automotive steering pump market by passenger cars 2016-2021 (millions of units)
    • Global automotive steering pump market by LCVs
      • Table Global automotive steering pump market by LCVs 2016-2021 (millions of units)
    • Global automotive steering pump market by M&HCV
      • Table Global automotive steering pump market by M&HCVs 2016-2021 (millions of units)
  • Regional landscape
    • Geographical segmentation
      • Table Automotive steering pump market by geography 2016 to 2021(% share)
    • Regional comparison
      • Table Regional comparison
    • Americas – market size and forecast
      • Table Americas – market size and forecast
      • Table Americas – Year-over-year growth
      • Table Top 3 countries in Americas
    • EMEA – market size and forecast
      • Table EMEA – market size and forecast
      • Table EMEA – Year-over-year growth
      • Table Top 3 countries in EMEA
    • APAC – market size and forecast
      • Table APAC – market size and forecast
      • Table APAC – Year-over-year growth
      • Table Top 3 countries in APAC
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Electrification of mechanical components
    • Demand for EHPS system in HCVs
    • Increasing adoption of steer-by-wire technology
  • Vendor landscape
    • Competitor benchmarking
    • Other prominent vendors
  • Key vendor analysis
    • Bosch
      • Table Bosch: Business segmentation by revenue 2016
      • Table Bosch: Geographical segmentation by revenue 2016
      • Table Recent developments
    • Nexteer
      • Table Nexteer: Product Segmentation by revenue 2016
      • Table Nexteer: Geographical segmentation by revenue 2016
      • Table Nexteer: Recent developments
    • ZF
      • Table ZF: Product portfolio
      • Table ZF: Business segmentation by revenue 2016
      • Table ZF: Geographical segmentation by revenue 2016
      • Table ZF: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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