JSB Market Research: Automotive Steering Systems Market

NAVI MUMBAI, India - Sept. 9, 2014 - PRLog -- Steering systems are installed in order to maneuver a vehicle. Ever since the inception of the motor vehicle, steering systems have been the main stay of the vehicle’s maneuverability and agility. Over the history of the automotive industry, steering systems have evolved from being rigid and strenuous manual steering systems to more sophisticated, easy to use and reliable assisted steering systems. Modern day steering systems use various assistance systems to provide better directional stability and agility to a vehicle. Steering systems are categorized into two basic categories:manual steering system andassisted steering system. Assisted steering systems are further classified into three main types:hydraulically assisted steering system (HAPS/HPS), electro-hydraulic assisted steering system (EHAPS/EHPS) andelectricallyassisted steering system (EAPS/EPS). The HPS system makes use of pressurized hydraulic fluid and a pump to steer the vehicle at ease; whereas an EPS system works with the help of electric motor, an ECU, and sensors. In order to function, the HPS system draws power from the engine, whereas the EPS system makes use of the electrical energy from the battery, thus, increasing the fuel efficiency of the vehicle. Due to the benefits offered by the EPS system, it has been widely adopted in the regions of Europe and North America. Also, the fuel economy and emission standard in these regions have been forcing the automobile manufacturers to adopt the EPS system in most of the vehicle models. The adoption rate of the EPS systems is increasing at a good pace in the Asia-Oceania and ROW regions, as the prices of these systems are slowly dropping and becoming a standard feature in most of the vehicles manufactured in these regions.

This "Automotive Steering Systems Market by Vehicle Type, System Type, Safety Features, & Geography - Industry Trends & Forecast to 2018 (http://www.jsbmarketresearch.com/automotive-parts/r-Autom...)"report classifies and defines the steering system market size in terms of volume and value in the automotive industry. It also provides qualitative data about the steering systems and components. The report also provides a comprehensive review of market drivers, restraints, opportunities, challenges and key issues in the automotive steering system market. The key players in the market for both the technologies have also been identified and profiled.

This report describes the market for automotive steering systems based on vehicle type (passenger cars, LCVs & HCVs), type (manual, hydraulic power steering (HPS), electro-hydraulic power steering (EHPS)&electric power steering (EPS)), safety features (with &without anti-lock braking system (ABS)/electronic stability program (ESP)) and geography (Asia-Oceania, Europe, North America,and ROW). Apart from quantitative analysis of these markets, the report also covers qualitative aspects like market dynamics, value chain, and Porter’s five forces analysis.

The report features profiles of the top players in the automotive steering market covering their market presence, financial health, product offerings in the segment and further insights into their strategies and recent market developments associated with individual players.

Steering systems market is dominated by few global players with many small/medium players. Few of the key players are JTEKT Corp. (Japan), ZF Lenksysteme (Germany), TRW Automotive (U.S.), NSK Ltd. (Japan), Nexteer Automotive (U.S.), Thyssenkrupp Presta AG (Germany), Mando Corp. (South Korea).

Browse Full Report @ http://www.jsbmarketresearch.com/automotive-parts/r-Automotive-Steering-Systems-Market-by-Vehicle-Type-123936

Scope of the Report

The automotive steering system market size has been analyzed in terms of volume and value based on the segmentation given below.

By Vehicle Type

Passenger cars
LCVs
HCVs

By Steering System Type

Manual Steering System
Hydraulic Power Steering (HPS) System
Electro-Hydraulic Power Steering (EHPS) System
ElectricPower Steering (EPS) System

By Safety Features

With ABS/ESP
Without ABS/ESP

By Geography

Asia-Oceania
Europe
North America
ROW

Table of Contents:

1 Introduction (Page No. - 20)
1.1 Objectives of the Study
1.2 Report Description
1.2.1 EPS System to Witness High Growth in Adoption Rates in the Next Five Years
1.3 Markets Covered
1.3.1 By Region
1.3.1.1 Asia-Oceania
1.3.1.2 Europe
1.3.1.3 North America
1.3.1.4 ROW
1.3.2 By Type
1.3.2.1 Manual Steering System
1.3.2.2 Hydraulic Power Steering (HPS) System
1.3.2.3 Electro-Hydraulic Power Steering (EHPS) System
1.3.2.4 Electric Power Steering (EPS) System
1.3.3 By Vehicle Type
1.3.3.1 Passenger Cars
1.3.3.2 Light Commercial Vehicles

For More Related Market Research Reports click here:

Indian Automotive Air Filter Cartridge Market Forecast and Opportunities, 2019 (http://www.jsbmarketresearch.com/automotive-parts/r-India...)

India Tractor and Trailer Vehicles and Tractor and Trailer Tyre Market Forecast and Opportunities, 2019 (http://www.jsbmarketresearch.com/automotive-parts/r-India...)

About JSB Market Research -

JSB Market Research is one of the most significant databases of online market researches and intelligence reports and services. We specialize in providing market research reports for various industries. The online portal for marketing research deals with access to global market data and assists in providing expert insights and exposure on global companies, industries, products and trends.

Contact-

Tel: + 91 - 22 – 41236650 / 9987295242

Website: http://www.jsbmarketresearch.com

Email:  contact@jsbmarketresearch.com

Blog: http://www.jsbmarketresearch.com/blog/