May 26, 2017   SOURCE: BusinessWire

Global Hydraulic Steering System Market 2017-2021: Increasing penetration of steer-by-wire technology - Research and Markets

Research and Markets has announced the addition of the "Global Hydraulic Steering System Market 2017-2021" report to their offering.

The global hydraulic steering system market to grow at a CAGR of 1.72% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the global hydraulic steering system market for 2017-2021. To calculate the market size, the report considers the new installations and sales volume of passenger cars, LCVs, and M&HCVs. 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.

Market Dynamics

Market drivers

  • Increasing sales of body-on-frame SUVs
  • High penetration of hydraulic power steering in commercial vehicles
  • Growing preference for M&HCVs for transporting freight

Market challenges

  • Increasing penetration of EPS system
  • Growing car-sharing services in China, India, and Brazil
  • Rise in number of on-demand taxi operators

Market trends

  • Growing pursuit of EHPS in heavy commercial vehicles
  • Increasing penetration of steer-by-wire technology
  • Rise in electrification of mechanical components

Key vendors:

  • ZF Friedrichshafen
  • GKN
  • Nexteer Automotive
  • ThyssenKrupp

Other prominent vendors:

  • ATS
  • JTEKT
  • Robert Bosch
  • ThyssenKrupp Presta
  • Hyundai Mobis
  • Mando

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by product

Part 07: Geographical segmentation

Part 08: Market drivers

Part 09: Impact of drivers

Part 10: Market challenges

Part 11: Impact of drivers and challenges

Part 12: Market trends

Part 13: Vendor landscape

Part 14: Key vendor analysis

Part 15:Appendix

For more information about this report visit http://www.researchandmarkets.com/research/l3kcp4/global_hydraulic