Steering Market by JTEKT Corporation, Robert Bosch Automotive Steering GmbH, ZF TRW, NSK Ltd., and Nexteer Automotive Group.

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Steering Market by Type (Manual, HPS, EHPS, and
EPS), Component (Hydraulic Pump, Steering Sensor
Column, and Electric Motor), EPS (C-EPS, P-EPS,
and R-EPS), Vehicle Type, Region, and Passenger
Car Power Steering Aftermarket (EPS and HPS)
Global Forecast to 2021.
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The primary objective of the study is to define
and segment the global steering market on the
basis of region, vehicle type, component, and
technology from 2016 to 2021. The steering
market is estimated to be USD 31.27 Billion in
2016, and is projected to grow at a CAGR of 6.47
from 2016 to 2021. Download our free PDF
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The steering wheel speed sensor is a critical
component of the steering system, as it monitors
the steering wheels rotational speed. The sensor
is primarily used in the EPS system. The
increasing adoption of EPS in vehicles has
boosted the demand for steering wheel sensors.
Asia-Oceania is estimated to lead the steering
wheel speed sensor market, followed by North
America and the Rest of the World, owing to the
increasing adoption of EPS in the
region. Request for free Customization
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Browse gtgt 88 market data
tables 58 figures
165 pages and in-depth TOC on Steering
Market - Global Forecast to 2021 Early
buyers will receive 10 customization on this
report. This is a Premium Report Priced at US
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US8150 This study answers several questions for
the stakeholders, primarily which market segments
to focus on in the next two to five years to
prioritize efforts and investments.
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The majority of new cars sold today feature
Electric Power Steering (EPS). The market for EPS
systems is estimated to grow at a high CAGR,
owing to the increasing production of passenger
cars and sports utility vehicles (SUVs). The EPS
market is primarily driven by the rising demand
for fuel efficiency and the growth of the
automotive industry in emerging economies. The
demand for column-assist EPS, which is suitable
for small or medium-sized vehicles, and
rack-assist EPS, which is frequently used in
large vehicles, is expected to increase,
especially in North America. EPS systems have
completely replaced manual and hydraulic steering
systems in passenger cars in developed as well as
developing countries. Request for
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ampleNew.asp?id940  
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  Asia-Oceania comprises some of the fastest
growing economies in the world, including China,
India, and Indonesia. The region has the highest
vehicle production in the world, due to its
sizable population and increasing disposable
income. The growing population, increase in per
capita income, and improving standard of living
have contributed to the growth of the automotive
industry in Asia-Pacific. China the key
automotive market in this region produces the
highest number of passenger cars in the
world. Buy Now - https//www.marketsandmarkets
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  Steering Market Key Players   The locomotive
market for power conversion systems is dominated
by a few global players such as Hitachi Ltd.
(Japan), CRRC Corporation Limited (China),
Bombardier Inc. (Canada), Alstom S.A. (France)
and ABB (Switzerland). For instance, Hitachi Ltd.
has strong product offering and they have
invested heavily in RD to retain their market
position. 
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