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Global Bus Steering System Market 2017-2021

Global Bus Steering System Market 2017-2021

About Bus Steering System

Steering systems are the driving direction control systems used in every four-wheeler and other commercial vehicles. The typical steering system has a steering wheel and a steering column coupled to the axle through gears. The working principle of bus steering systems is similar to other automobile steering system. The length of the shafts and connectors is longer, and the bus steering wheel has a larger diameter for better steering control.

Technavio’s analysts forecast the global bus steering system market to grow at a CAGR of 5.09% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global bus steering system market for 2017-2021. To calculate the market size, the report considers unit shipment of steering system in buses.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Bus Steering System 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
  • Robert Bosch
  • Daimler
  • JTEKT
  • ZF-TRW
Market driver
  • Growing steering assisted technologies for buses
  • For a full, detailed list, view our report
Market challenge
  • Increasing cost pressure from demand side
  • For a full, detailed list, view our report
Market trend
  • Enhanced bus steering system to reduce fuel consumption
  • 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?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Bus Steering System Market 2017-2021

Technavio recognizes the following companies as the key players in the global bus steering system market: Robert Bosch, Daimler, JTEKT, and ZF-TRW.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is enhanced bus steering system to reduce fuel consumption. The majority of the buses on the road has a steering system with conventional power steering pumps. This type of steering system is powered by the internal combustion engine, which eventually utilizes the fuel for it.”

According to the report, one driver in the market is growing steering assisted technologies for buses. The bus market is continuously evolving with changing market dynamics across the globe. Since 2011, the global bus market has become competitive in nature with automakers competing through their distinct product offerings. The latest technologies in safety systems are also being used as product differentiators by the OEMs or automakers in their vehicles.

Further, the report states that one challenge in the market is increasing cost pressure from demand side. Currently, bus component manufacturers and suppliers are facing challenges in the form of quality requirements and cost pressure from the demand side. Hence, manufacturers need to carve out growth strategies to be profitable in this difficult yet attractive market. The bargaining power of the market is largely concentrated on the demand side of the market.

Companies Mentioned

Robert Bosch, Daimler, JTEKT, and ZF-TRW.

  • Executive summary
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table Global commercial vehicles market 2016-2021 (millions of units)
      • Table Global HD bus market by share 2016 (%)
      • Table Global HD bus market by share 2020 (%)
      • Table Types of automotive steering systems
      • Table Power steering system types
      • Table Power steering system components
      • Table Sectional view of steer-by-wire functioning
  • Market landscape
    • Market overview
      • Table Segmentation of global bus steering system market
      • Table Value chain analysis for global bus steering system market
      • Table Product life cycle of global bus manual steering systems 2016
      • Table Product life cycle of global bus power steering systems 2016
      • Table Product life cycle of global bus power steering systems 2021
      • Table Product life cycle of global bus steer-by-wire system 2016
      • Table Product life cycle of global bus steer-by-wire system 2021
    • Market size and forecast
      • Table Global bus steering system market 2016-2021 (thousands of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by technology
    • Table Global bus steering system market by technology 2016 (%)
    • Table Global bus steering system market by technology in 2021 (%)
    • Table Global bus steering system market by technology 2016 - 2021(thousands of units)
    • Table Global bus power steering system market 2016-2021 (thousands of units)
    • Table Global bus manual steering system market 2016 -2021 (thousands of units)
  • Geographical segmentation
    • Table Global bus steering system market by geography 2016 (%)
    • Table Global bus steering system market by geography 2021 (%)
    • Table Global bus steering system market by geography 2016 -2021 (thousands of units)
    • Table Bus steering system market in APAC 2026-2021 (thousands of units)
    • Table Bus steering system market in EMEA 2016-2021 (thousands of units)
    • Table Bus steering system market in Americas 2016-2021 (thousands of units)
  • Key leading countries
    • Table Key leading countries
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table OEMs cost pressure over electronic components
  • Market trends
    • Increasing adoption of EPS in buses
    • Increased popularity of steer-by-wire
    • Enhanced bus steering system to reduce fuel consumption
    • Innovation in bus steering systems
  • Vendor landscape
    • Competitive benchmarking
      • Table Key vendors of global bus steering system market 2016
  • Key vendor analysis
    • Robert Bosch
      • Table Robert Bosch: Business segmentation by revenue 2016 (%)
      • Table Robert Bosch: Geographical segmentation by revenue 2016
    • Daimler
      • Table Daimler: Business segmentation by revenue 2016
      • Table Daimler: Recent developments
    • JTEKT
      • Table JTEKT: Sales by operation 2016
      • Table JTEKT: Geographical segmentation by revenue 2016
    • ZF-TRW
      • Table Sales of ZF-TRW by sectors in %
      • Table Sales development of ZF-TRW in 2015 region wise
  • Appendix
    • List of abbreviations
  • Explore Technavio

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