REPORT HIGHLIGHT
The global Passenger Vehicle Hydraulic Steering System market was valued at USD XX billion by 2019, growing with XX% CAGR during the forecast period, 2021-2027.
The automotive steering system has transposed from the age-old standard steering system to power served steering systems. The growth in demand for automobiles has directly improved the development of the steering system market. Hydraulic electric steering wheels control energy to the steering system which in turn gives maneuvering to take even turns. With the establishment of the latest technologies in the steering system market like, EPS, EPHS, the automotive steering market is taking a fresh curve. The hydraulic steering system in cars gives an increased steering endeavor through a hydraulic cylinder. Different technologies are being worked on in the automotive steering system and control technology for steering systems.
One of the major factors which lead to the enhancement of the hydraulic steering system is the growing production of automobiles in different countries like India, China, Brazil, and Mexico. With the consumers stressing more and more on simple driving, the manufacturers are stressing more on the power-assisted steering systems. With huge demand and sales of Body-on-Frame SUVs and commercial vehicles, the hydraulic steering system market has developed at a numerical level. The hydraulic steering system is being confronted by the latest market beginner, the Electric Powered Steering Systems (EPS). With the requirement for decreasing fuel consumption and logistical advantages, the OEMs are driving towards fresh transformation. The EPS contrasted the HPS absorbs less fuel, which in turn leads to cost-saving. The increase in the car-share option also influences the sales of the Hydraulic steering systems market as the customers prefer sharing a car than buying one for themselves.
In passenger vehicles, power steering is a device intended to help drivers steer by increasing the steering effort of the steering wheel. Growing penetration of hydraulic power steering in passenger vehicles is one of the important factors driving the global market growth. The passenger vehicle hydraulic power steering is heavily used in passenger vehicles. Most of the commercial vehicles are also using u the hydraulic or the EHS system for achieving various benefits offered by them. The rising growth of the hydraulic steering system is the enhanced production of automobiles in various emerging economies such as India, China, Mexico, and Brazil. Different global customers emphasizing mostly easy driving, the leading manufacturers are focusing on power-assisted steering systems. With increasing demand from regional consumers coupled with heavy demand and sales of Body-on-Frame SUVs in the hydraulic steering system market has grown at a higher growth rate. Various new market entrants in the Electric Powered Steering Systems (EPS) are hampering the global market growth.
Regionally, Passenger Vehicles Hydraulic Steering System Market has been examined into various global market regions such as North America, Latin America, Western Europe, Eastern Europe, Japan, APEJ, and the Middle East & Africa. Among the global regions, Europe is registering the largest market share in the Passenger Vehicles Hydraulic Steering System Market, with various economies such as Germany, Italy, UK, and Russia leading the race. Furthermore, North America is the second-largest market for Passenger Vehicle Hydraulic Steering System Market across the globe owing to the expansive presence of automotive OEMs situated in the U.S. and Canada. Additionally, emerging markets such as Asia-Pacific and Japan are projected to grow at a significant growth rate due to rising sales of automobiles in this market. The global markets are projected to have high Year-on-Year growth in Passenger Vehicle Hydraulic Steering System market owing to rising sales in passenger vehicles. Latin America is projected to grow at a slow rate in the market. The Middle East and Africa are also marking impressive growth in the Passenger Vehicle Hydraulic steering system market.
Key features of the study:
This proposed research study on Passenger Vehicle Hydraulic Steering System market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2020-2027), considering 2019 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Passenger Vehicle Hydraulic Steering System market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Passenger Vehicle Hydraulic Steering System market
Impact of COVID-19 on Passenger Vehicle Hydraulic Steering System market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Passenger Vehicle Hydraulic Steering System market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Passenger Vehicle Hydraulic Steering System market, we have also included competitive landscape and key innovator analysis for the Passenger Vehicle Hydraulic Steering System market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and end-user's attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Passenger Vehicle Hydraulic Steering System market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new product launch, research & development, regional expansion of major participants involved in the Passenger Vehicle Hydraulic Steering System market on global as well as regional level.
The global Passenger Vehicle Hydraulic Steering System market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL PASSENGER VEHICLE HYDRAULIC STEERING SYSTEM MARKET KEY PLAYERS
ATS Automation Tooling Systems Inc
JTEKT Corp
thyssenkrupp AG
ZF Friedrichshafen AG
Knorr-Bremse AG
Melrose Industries Plc
Nexteer Automotive Corp
Robert Bosch GmbH
Showa Corp
Mobis
Mando Corp
GLOBAL PASSENGER VEHICLE HYDRAULIC STEERING SYSTEM MARKET, BY PRODUCT TYPE
Hydraulic Helm Pump
Rigid or Flexible Hoses
Hydraulic Cylinder
Others
GLOBAL PASSENGER VEHICLE HYDRAULIC STEERING SYSTEM MARKET, BY APPLICATION
Sedan Hatchback
SUV
Other
GLOBAL PASSENGER VEHICLE HYDRAULIC STEERING SYSTEM MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Singapore
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Rest of MEA
TABLE OF CONTENT
1. Passenger Vehicle Hydraulic Steering System Market Overview
2. Executive Summary
- 2.1. Market Snippet
- 2.1.1. Market Snippet by Product Type
- 2.1.2. Market Snippet by Application
- 2.1.3. Market Snippet by Region
- 2.2. Competitive Insights
3. Passenger Vehicle Hydraulic Steering System Key Market Trends
- 3.1. Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
- 3.2. Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Future Trends
4. Passenger Vehicle Hydraulic Steering System Industry Study
- 4.1. Porter's Five Forces Analysis
- 4.2. Marketing Strategy Analysis
- 4.3. Growth Prospect Mapping
- 4.4. Regulatory Framework Analysis
5. Passenger Vehicle Hydraulic Steering System Market: COVID-19 Impact Analysis
- 5.1. Pre-COVID-19 Impact Analysis
- 5.2. Post-COVID-19 Impact Analysis
- 5.2.1. Top Performing Segments
- 5.2.2. Marginal Growth Segments
- 5.2.3. Top Looser Segments
- 5.2.4. Marginal Loss Segments
6. Passenger Vehicle Hydraulic Steering System Market Landscape
- 6.1. Market Share Analysis, 2019
- 6.2. Key Innovators Analysis
- 6.3. Breakdown Data, by Key Manufacturer
- 6.3.1. Established Players' Analysis
- 6.3.2. Emerging Players' Analysis
7. Passenger Vehicle Hydraulic Steering System Market - By Product Type
- 7.1. Overview
- 7.1.1. Segment Share Analysis, By Product Type, 2020 & 2027 (%)
- 7.2. Hydraulic Helm Pump
- 7.3. Rigid or Flexible Hoses
- 7.4. Hydraulic Cylinder
- 7.5. Others
8. Passenger Vehicle Hydraulic Steering System Market - By Application
- 8.1. Overview
- 8.1.1. Segment Share Analysis, By Application, 2020 & 2027 (%)
- 8.2. Sedan Hatchback
- 8.3. SUV
- 8.4. Other
9. Passenger Vehicle Hydraulic Steering System Market- By Geography
- 9.1. Introduction
- 9.1.1. Segment Share Analysis, By Geography, 2020 & 2027 (%)
- 9.2. North America
- 9.2.1. Overview
- 9.2.2. Key Manufacturers in North America
- 9.2.3. North America Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
- 9.2.4. North America Market Size and Forecast, By Product Type, 2016 - 2027 (US$ Million)
- 9.2.5. North America Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.2.6. U.S.
- 9.2.6.1. Overview
- 9.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.2.6.3. U.S. Market Size and Forecast, By Product Type, 2016 - 2027 (US$ Million)
- 9.2.6.4. U.S. Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.2.7. Canada
- 9.2.7.1. Overview
- 9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 1.1.1.1. Canada Market Size and Forecast, By Product Type, 2016 - 2027 (US$ Million)
- 1.1.1.2. Canada Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.3. Europe
- 9.3.1. Overview
- 9.3.2. Key Manufacturers in Europe
- 9.3.3. Europe Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
- 9.3.4. Europe Market Size and Forecast, By Product Type, 2016 - 2027 (US$ Million)
- 9.3.5. Europe Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.3.6. Germany
- 9.3.6.1. Overview
- 9.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.3.6.3. Germany Market Size and Forecast, By Product Type, 2016 - 2027 (US$ Million)
- 9.3.6.4. Germany Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.3.7. Italy
- 9.3.7.1. Overview
- 9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.3.7.3. Italy Market Size and Forecast, By Product Type, 2016 - 2027 (US$ Million)
- 9.3.7.4. Italy Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.3.8. United Kingdom
- 9.3.8.1. Overview
- 9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.3.8.3. United Kingdom Market Size and Forecast, By Product Type, 2016 - 2027 (US$ Million)
- 9.3.8.4. United Kingdom Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.3.9. France
- 9.3.9.1. Overview
- 9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.3.9.3. France Market Size and Forecast, By Product Type, 2016 - 2027 (US$ Million)
- 9.3.9.4. France Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.3.10. Rest of Europe
- 9.3.10.1. Overview
- 9.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.3.10.3. Rest of the Europe Market Size and Forecast, By Product Type, 2016 - 2027 (US$ Million)
- 9.3.10.4. Rest of the Europe Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.4. Asia Pacific (APAC)
- 9.4.1. Overview
- 9.4.2. Key Manufacturers in Asia Pacific
- 9.4.3. Asia Pacific Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
- 9.4.4. Asia Pacific Market Size and Forecast, By Product Type, 2016 - 2027 (US$ Million)
- 9.4.5. Asia Pacific Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.4.6. India
- 9.4.6.1. Overview
- 9.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.4.6.3. India Market Size and Forecast, By Product Type, 2016 - 2027 (US$ Million)
- 9.4.6.4. India Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.4.7. China
- 9.4.7.1. Overview
- 9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.4.7.3. China Market Size and Forecast, By Product Type, 2016 - 2027 (US$ Million)
- 9.4.7.4. China Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.4.8. Japan
- 9.4.8.1. Overview
- 9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.4.8.3. Japan Market Size and Forecast, By Product Type, 2016 - 2027 (US$ Million)
- 9.4.8.4. Japan Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.4.9. South Korea
- 9.4.9.1. Overview
- 9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.4.9.3. South Korea Market Size and Forecast, By Product Type, 2016 - 2027 (US$ Million)
- 9.4.9.4. South Korea Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.4.10. Rest of APAC
- 9.4.10.1. Overview
- 9.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.4.10.3. Rest of APAC Market Size and Forecast, By Product Type, 2016 - 2027 (US$ Million)
- 9.4.10.4. Rest of APAC Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.5. Latin America
- 9.5.1. Overview
- 9.5.2. Key Manufacturers in Latin America
- 9.5.3. Latin America Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
- 9.5.4. Latin America Market Size and Forecast, By Product Type, 2016 - 2027 (US$ Million)
- 9.5.5. Latin America Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.5.6. Brazil
- 9.5.6.1. Overview
- 9.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.5.6.3. Brazil Market Size and Forecast, By Product Type, 2016 - 2027 (US$ Million)
- 9.5.6.4. Brazil Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.5.7. Mexico
- 9.5.7.1. Overview
- 9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.5.7.3. Mexico Market Size and Forecast, By Product Type, 2016 - 2027 (US$ Million)
- 9.5.7.4. Mexico Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.5.8. Argentina
- 9.5.8.1. Overview
- 9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.5.8.3. Argentina Market Size and Forecast, By Product Type, 2016 - 2027 (US$ Million)
- 9.5.8.4. Argentina Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.5.9. Rest of LATAM
- 9.5.9.1. Overview
- 9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.5.9.3. Rest of LATAM Market Size and Forecast, By Product Type, 2016 - 2027 (US$ Million)
- 9.5.9.4. Rest of LATAM Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.6. Middle East and Africa
- 9.6.1. Overview
- 9.6.2. Key Manufacturers in Middle East and Africa
- 9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
- 9.6.4. Middle East and Africa Market Size and Forecast, By Product Type, 2016 - 2027 (US$ Million)
- 9.6.5. Middle East and Africa Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.6.6. Saudi Arabia
- 9.6.6.1. Overview
- 9.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.6.6.3. Saudi Arabia Market Size and Forecast, By Product Type, 2016 - 2027 (US$ Million)
- 9.6.6.4. Saudi Arabia Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.6.7. United Arab Emirates
- 9.6.7.1. Overview
- 9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.6.7.3. United Arab Emirates Market Size and Forecast, By Product Type, 2016 - 2027 (US$ Million)
- 9.6.7.4. United Arab Emirates Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
10. Key Vendor Analysis
- 10.1. Competitive Dashboard
- 10.2. Company Profiles
- 10.2.1. ATS Automation Tooling Systems Inc
- 10.2.2. JTEKT Corp
- 10.2.3. thyssenkrupp AG
- 10.2.4. ZF Friedrichshafen AG
- 10.2.5. Knorr-Bremse AG
- 10.2.6. Melrose Industries Plc
- 10.2.7. Nexteer Automotive Corp
- 10.2.8. Robert Bosch GmbH
- 10.2.9. Showa Corp
- 10.2.10. Mobis
- 10.2.11. Mando Corp
11. 360 Degree AnalystView
12. Appendix
- 12.1. Research Methodology
- 12.2. References
- 12.3. Abbreviations
- 12.4. Disclaimer
- 12.5. Contact Us
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