According to Stratistics MRC, the Global Automotive Steering Market system is accounted for $26.19 billion in 2015 and is expected to reach $41.8 billion by 2022 growing at a CAGR of 6.90 % from 2015 to 2022. The rising demand for automobile sector is the primary factor favouring the market. Furthermore, increasing demand for vehicles, investment in research & development by market leaders are drivers for the Automotive Steering market system. However, rising fuel prices has led the consumers to go for more fuel efficient vehicles is the major restraint hampering the market growth.
Browse Full Report here: http://www.acutemarketreports.com/report/automotive-steering-system-global-market-outlook-2015-2022
Some of the recent trends in Automotive Steering market system are convention rigid steering system and flexible power assisted steering systems.
Electro-hydraulic power steering segment is expected to have more shares due to the combined benefits of both electronic power steering and hydraulic power steering being provided by this segment. Europe accounted for the largest market share in the automotive steering systems followed by North America, Asia Pacific and Rest of the World (RoW).
Browse All Reports of This Category @ http://www.acutemarketreports.com/category/market-research
Some of the key players in the market include Jtekt Corporation, Robert Bosch GmbH, ZF Friedrichshafen AG, NSK Ltd., Nexteer Automotive Group Ltd, Hitachi Ltd., Mando Corp., Thyssenkrupp AG, Showa Corporation, The Sona Group, TRW Automotive Holding, Mitsubishi Electric Corporation, Hyundai Mobis Co. Ltd, China Automotive Systems Inc. and YAZAKI corporation.
Manual Steering System
Hydraulic Power Steering (HPS) System
Electro-Hydraulic Power Steering (EHPS) System
Electric Power Steering (EPS) System
Key Components Covered:
Power Steering Column
Steering Wheel Speed Sensor
Safety Features Covered:
Anti-Lock Braking System (ABS)
Electronic Stability Control/Program (ESC/ESP)
Electric Power Steering Type Covered:
Column Assist Electric Power Steering (C-EPS)
Pinion Assist Electric Power Steering (P-EPS)
Rack Assist Electric Power Steering (R-EPS)
o Rest of Europe
o New Zealand
o Rest of Asia Pacific
Rest of the World
o Middle East
o South Africa
About – Acute Market Reports:
Acute Market Reports is the most sufficient collection of market intelligence services online. It is your only source that can fulfill all your market research requirements. We provide online reports from over 100 best publishers and upgrade our collection regularly to offer you direct online access to the world’s most comprehensive and recent database with expert perceptions on worldwide industries, products, establishments and trends.
Our team consists of highly motivated market research professionals and they are accountable for creating the groundbreaking technology that we utilize in our search engine operations to easily recognize the most current market research reports online.
ACUTE MARKET REPORTS
Office No 101, 1st Floor ,
Aditi Mall, Baner,
Pune, MH, 411045
Toll Free (US/CANADA): +1-855-455-8662
Release ID: 2448