Feb 21, 2019   SOURCE: BusinessWire

Global Light-duty Truck Steering System Market Outlook, 2019-2023 - Key Players are Bosch, JTEKT Corporation, Knorr-Bremse, Nexteer Automotive, thyssenkrupp, and ZF Friedrichshafen - ResearchAndMarkets.com

The "Global Light-duty Truck Steering System Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The light-duty truck steering system market will register a CAGR of almost 6% by 2023.

The growth of the global light-duty truck steering system market is highly dependent on the sales of light-duty trucks. China, Japan, and countries in North America and Western Europe, which comprise the major markets for light-duty trucks, are expected to see a slowdown in growth or even lower sales during the forecast period.

Increasing manufacturing activities in India will raise the demand for transportation and logistics. This will be supported by the robust GDP growth forecast for the country going forward. Hence, these factors will remain positive for India's light-duty truck market.

Increased electronic content in light-duty trucks enabling adoption of advanced steering systems

The electrification of vehicles in the forms of powertrain, infotainment, connected vehicles, safety systems, and electronics. Automotive steering systems have also evolved into EPS and EHPS from traditional manual steering and HPS.

Increasing cost pressure on steering system manufacturers from demand side

Currently, commercial-vehicle component manufacturers and suppliers are facing challenges to maintain quality by keeping cost low. Hence, steering system manufacturers are looking to formulate growth strategies to remain profitable in this competitive.

Intense competition among OEMs and surging consumer demand also push OEMs to operate within strict cost parameters to remain profitable.

Competitive Landscape

The market appears to be highly concentrated with the presence of limited 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

  • Bosch
  • JTEKT Corporation
  • Knorr-Bremse
  • Nexteer Automotive
  • thyssenkrupp
  • ZF Friedrichshafen

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 TYPE

  • Comparison by type
  • EPS - Market size and forecast 2018-2023
  • HPS - Market size and forecast 2018-2023
  • EHPS - Market size and forecast 2018-2023
  • Market opportunity by type

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

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

PART 09: DRIVERS AND CHALLENGES

PART 10: TRENDS

  • Steer-by-wire technology to gain adoption in light-duty trucks
  • Integration of electronics and safety systems in steering system
  • Development of independent wheels steering system

PART 11: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 12: VENDOR ANALYSIS

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

For more information about this report visit https://www.researchandmarkets.com/research/j7q8j6/global_lightduty?w=4