Jan 23, 2019   SOURCE: BusinessWire

Global Automotive Steering Gearbox Market Analysis: 2019-2023 - ResearchAndMarkets.com

The "Global Automotive Steering Gearbox Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The automotive steering gearbox market will register a CAGR of over 9% by 2023.

Increasing popularity of dual pinion steering system to drive the market growth

Growing demand for high torque capacity steering systems has pushed automotive steering system manufacturers into developing the dual pinion steering system. This type of steering system is equipped with two pinions.

Increasing demand for automobiles

Automotive steering gears are default components in all vehicles. They are used by both internal combustion engine vehicles and electric vehicles and there are no substitutes available. Hence, growing automobile production globally is beneficial for the global automotive steering gearbox market.

Increasing cost of raw materials

The growing need for improving fuel efficiency is pushing automotive manufacturers to reduce vehicle weight without compromising on performance. Most vendors are replacing components by aluminum as its lightweight and its performance is superior. However, rising prices of this metal is adding pressure on automotive components manufacturers.

Key Players

  • Bosch
  • Knorr-Bremse
  • Nexteer Automotive
  • Thyssenkrupp
  • ZF Friedrichshafen

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

PART 04: MARKET SIZING

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

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Comparison by application
  • Electric power steering - Market size and forecast 2018-2023
  • Hydraulic power steering - Market size and forecast 2018-2023
  • Electro-hydraulic power steering - Market size and forecast 2018-2023
  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

PART 09: DRIVERS AND CHALLENGES

PART 10: MARKET TRENDS

  • Development of magnetic torque overlay
  • Steering gear for steer-by-wire system
  • Increasing popularity of dual pinion steering system
  • Development of autonomous vehicles without steering wheel - a negative trend

PART 11: VENDOR LANDSCAPE

PART 12: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Bosch
  • Knorr-Bremse
  • Nexteer Automotive
  • Thyssenkrupp
  • ZF Friedrichshafen

For more information about this report visit https://www.researchandmarkets.com/research/96m66w/global_automotive?w=4