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This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Global Automotive Steering Column Market Outlook, 2019-2023 with JTEKT Corp, Nexteer Automotive Corp, NSK, Robert Bosch, and Thyssenkrupp Dominating - ResearchAndMarkets.com

March 4, 2019

DUBLIN--(BUSINESS WIRE)--Mar 4, 2019--The “Global Automotive Steering Column Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.

The automotive steering column market will register a CAGR of over 6% by 2023.

Steering systems in the automotive industry have been recording continuous advances. They have evolved from purely mechanical hydraulic steering to completely electronic steer-by-wire systems. The market has witnessed recent advances help in enhancing the ease of driving and bolstering on-road safety. Apart from these, the demand for high fuel economy is one of the major drivers for technology advances, which has resulted in the development of EPS.

The growing need for improving driver safety, comfort, convenience, and fuel efficiency has brought about many developments in the automotive industry. In EPS, the motor is mounted on the rack and pinion type steering gear while torque is applied to the steering column, which assists the driver to turn the steering wheel. The power to assist the steering wheel is obtained from the steering motor and not from the engine that helps in improving the fuel efficiency of the vehicle.

Increasing global automobile sales

Emerging economies such as Brazil, China, and India have been registering rising demand for passenger cars. This is due to the increasing purchasing power of consumers and significant economic growth.

Increasing penetration of steer-by-wire technology

The steer-by-Wire technology helps to remove the physical connection between the steering wheel and the steering system with the help of electricity connected motors. It also helps to change the direction of the wheels. The increasing popularity of the steer-by-wire technology in the automotive industry would be a challenge for the growth of the global automotive steering column market during the forecast period.

Competitive Landscape

The market appears to be fairly concentrated with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.

Key Players

  • JTEKT Corporation
  • Nexteer Automotive Corporation
  • NSK Ltd.
  • Robert Bosch GmbH
  • Thyssenkrupp AG

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Comparison by application
  • Passenger cars - Market size and forecast 2018-2023
  • Commercial vehicles - Market size and forecast 2018-2023
  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DRIVERS AND CHALLENGES

PART 10: MARKET TRENDS

  • Continuous advances in automotive steering technology
  • Development of foldable steering wheel concept
  • Emergence of all-electric power steering for commercial vehicles
  • Growing popularity of steering column as an advanced safety system

PART 11: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 12: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • JTEKT Corporation
  • Nexteer Automotive Corporation
  • NSK Ltd.
  • Robert Bosch GmbH
  • Thyssenkrupp AG

For more information about this report visit https://www.researchandmarkets.com/research/7qk7sc/global_automotive?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190304005552/en/

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Related Topics:Steering Systems and Components

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING AUTOMOTIVE GENERAL AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 03/04/2019 08:45 AM/DISC: 03/04/2019 08:45 AM

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