Steering Market Projected to Reach USD 35.99 Billion USD by 2020

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MarketsandMarkets Presents
Steering Market Expected to Reach USD 35.99
Billion USD by 2020
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The report Steering Market by System (EPS, EHPS
HPS), EPS Type (C-EPS, R-EPS P-EPS),
Component (Hydraulic Pump, Power Steering Column,
Steering Wheel Speed Sensor, Electric Motor),
Vehicle Type (PC, LCV, HCV Agriculture
Tractors), by Region - Forecast to 2020,
defines and classifies the global steering market
for automotive industry in terms of volume and
value. The report projects the potential growth
and covers the drivers, restraints,
opportunities, dynamics, competitive landscape,
and other key aspects of the steering market for
the automotive industry. It also includes
profiles of key players operating in the
market. Browse 76 market data tables 63
figures 188 pages and in-depth TOC on Steering
Market You can speak to our analyst_at_ http//ww
w.marketsandmarkets.com/speaktoanalyst.asp?id940

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Source MarketsandMarkets Analysis
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The global steering market for the automotive
industry is projected to grow to reach USD 35.99
Billion by 2020, at a CAGR of 6.18 over the
period under study. The report covers global
steering market (by volume and value) for
automotive industry by system type (EPS, HPS,
EHPS) by EPS types (C-EPS, R-EPS P-EPS) by
vehicle type (passenger car, light commercial
vehicles, heavy commercial vehicles, and
agriculture tractors) and by region. According to
MarketsandMarkets analysis, the EPS systems and
Asia-Oceania region are projected to dominate the
steering system market globally. The steering
system market size is projected to grow at a
promising CAGR of 6.18 during the forecast
period, to reach USD35.99 Billion by 2020. The
recent increase in demand for automobiles in the
U.S. and Mexico has confirmed that the North
American automotive industry has begun its
recovery phase and according to industry experts,
the market is projected to continue with a
similar growth trend over the next five years,
till 2020. Owing to this, the demand for steering
systems in the region is estimated to grow at the
highest rate by volume during the study period.
Factors such as shift in consumer demand towards
other brands, stringent regulatory requirements,
and technological advancements are projected to
drive the demand for automobiles in this
region. The report segments the EPS system
market further in three segments Column-EPS
(C-EPS), Rack-EPS (R-EPS) and Pinion-EPS (P-EPS).
The P-EPS C-EPS markets are projected to lead
the EPS systems market in terms of volume, as
well as value. The P-EPS systems have an
integrated controller-motor unit and assist
mechanism on pinion gear shaft, whereas the in
C-EPS, these electronic systems are integrated
with the steering column assist mechanism. The
Asia-Oceania region is dominated by C-EPS and
P-EPS systems, whereas R-EPS systems are
predominately used in the European region.
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• The steering system market report also covers the
  market for steering systems for agriculture
  tractors. The tractors usually are equipped with
  manual or hydraulic assisted steering systems,
  owing to the extreme conditions they work in.
  Asia-Oceania is the leading region in terms of
  population, land under cultivation and food
  demand. Hence, the demand for agricultural
  tractors is observed to be the maximum in this
  region, and subsequently, the region dominates
  the steering system market.
• The global steering system market is dominated by
  some international players such as JTEKT
  Corporation (Japan), Robert Bosch GmbH (Germany),
  ZF Friedrichshafen AG (Germany), NSK Ltd. (Japan)
  and Nexteer Automotive Group Ltd. (U.S.) among
  others.
• Automotive steering industry is continuously
  evolving as per the demands from the OEMs.
  Continuing the same, the manufacturers of
  steering systems are now focusing on
  steer-by-wire technology, which will eliminate
  all mechanical linkages and work solely on
  electronic inputs. To name a few, concept
  vehicles such as Filo, NOVANTA by SKF, Hy-Wire by
  GM, and many others have tested this technology.
  Direct Adaptive Steering (DAS), launched by
  Infiniti, is the first form of automotive
  Steer-by-Wire technology that went into
  production in its Q50 model.
• Target Audience
• Steering System manufacturers
• Steering component manufacturers
• Raw material suppliers for Steering System
  component manufacturers
• Distributors and suppliers of Steering System and
  its components
• Automotive OEMs
• Industry associations and experts

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• Scope of the Report
• The global steering system market is studied in
  terms of volume (000 units) and value (USD
  million) under the following segments
• By System Type
• EPS
• HPS
• EHPS
• By EPS Types
• C-EPS
• R-EPS
• P-EPS
• By Vehicle Type
• Passenger Car

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• Available Customizations
• Regional Analysis
• Further breakdown of the Rest of Europe
  on-highway steering system market into
  country-level markets such as Italy, Portugal,
  Belgium, the Netherlands, and Sweden
• Further breakdown of the Rest of Asia-Oceania
  steering system market into country-level markets
  such as Malaysia, Thailand, Singapore, and
  Australia
• Manual Steering Market, By Type
• Rack and Pinion
• Cam Lever system
• Re-circulating ball system
• Worm Roller system
• Worm Sector steering system
• Electric Power Steering (EPS) Market, By
  Components
• Steering Wheel
• Column, Motor

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• Hydraulic Power Steering (HPS) Market, By
  Components
• Steering Wheel
• Column
• ECU
• Rotory Control Valve
• Power Steering Pump
• Hydraulic Piston
• Pinion Pump
• Electro Hydraulic Power Steering (EHPS) Market,
  By Components
• Steering Wheel
• Column
• ECU
• Motor
• Pump
• Torque Sensor
• Cylinder

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