Global Automotive Steering System Market 2015-2019

www.technavio.comenquiry@technavio.com

USA – CANADA – UK – CHINA – INDIA

Global Automotive Steering System Market 2015-2019

The report discusses the following in-depth:

• Market Size and Forecast

• Market Segmentation

• Buying Criteria

• Vendor Landscape

• Business Segmentation

• Geographical Segmentation

For more information on theGlobal Automotive Steering System Market 2015-2019,

please mail us atenquiry@technavio.com

USA – CANADA – UK – CHINA – INDIA

Key Trends

Technavio’s Senior Analyst says, “International authorities and governments are enacting stringent emission norms and fuel efficiency standards to control and reduce global emission levels and improve the fuel economy of vehicles. As a result, the demand for and production of EPS-equipped vehicles is increasing. Implementation of stringent fuel economy standards because of the rising oil prices and the shortage of oil reserves is also positively affecting the market.”

• Automotive steering systems have evolved from being rigid to being more flexible, technologically advanced and reliable, smooth, and easy to use. Present day automotive steering systems provide enhanced stability and agility. Rising demand for automobiles is also contributing to market growth.

• Technavio's analysts forecast the global automotive steering system market grow at a CAGR of 5.89% over the period 2014-2019.

• Understanding the key drivers influencing the market

• Understanding the challenges faced by the market

• Activities of various stakeholders involved

• Key focus areas for the vendors

• Major trends that will shape the future of this market

• Vendor landscape and trajectory of the market

• Conclusion

Scope of The Report

A detailed analysis of each market driver, challenge

and trend isavailable in our report:

Global Automotive Steering System Market 2015-2019

USA – CANADA – UK – CHINA – INDIA

USA – CANADA – UK – CHINA – INDIA

Vendors

To understand the vendor landscape and for a full list

of vendors view our report:

Global Automotive Steering System Market 2015-2019

JTEKT

Mando

Nexteer Automotive

JTEKT was established in 1921 and is headquartered in Nagoya, Japan. The company manufactures and sells automotive components such as steering systems, driveline components, bearings, machine tools, and electronic control devices. It also manufactures home accessory equipment.

Mando was incorporated in 1962 and is headquartered in Seongnam, South Korea. Mando manufactures and sells automotive parts to its customers in South Korea and internationally. The company focuses on the design, manufacture, and sale of brake systems, suspension systems, steering systems, and system integration.

Nexteer Automotive is a leading manufacturer of advanced steering and driveline systems. The company was established in 1906 and is headquartered in Saginaw, Michigan, US.

USA – CANADA – UK – CHINA – INDIA

Market Landscape• In terms of unit shipments, we expect the market to grow at a steady pace.

• The market growth is driven by the increased adoption of stringent fuel economy standards set by the EC and CAFE because of the rising oil prices, the scarcity of oil reserves, and the unstable political situation in Iraq, the second largest oil producer in OPEC.

• This increased adoption of stringent fuel economy standards is compelling automotive steering manufacturers to innovate, which can help in increasing the fuel efficiency of vehicles.

• In addition, the growing demand for passenger automobiles and CVs in emerging markets such as India and China because of the increase in the disposable income and the improvement in the economic conditions is also expected to boost the market growth.

• Also, advances in steering system technologies such as steer-by-wire steering systems

and integration of driver assistance systems such as LAS and ACC will contribute to the market growth.

USA – CANADA – UK – CHINA – INDIA

Key Buying CriteriaGuest Bloggers

• Authenticity • Delivery • Price• Service

Support

Parameter Details

Compatibility Automotive steering systems should be compatible with the design and functionality of the vehicle and components.

Cost Automotive steering systems should be optimally priced to avoid shifting the price burden onto consumers.

Driving Effectiveness Automotive steering systems such as EPS should offer enhanced maneuverability compared to HPS.

Fuel Efficiency Automotive steering systems should offer fuel efficiency by utilizing power from the automotive battery.

Environmental SpecificationsThe steering systems should be able to work effectively and efficiently at both high and low temperatures, i.e., in the temperature range of -4°F to 140°F.

Safety and Comfort

The new and advanced steering systems such as EPS and steer-by-wire systems should be equipped with driver assistance systems such as LAS, PAS, and ACC to ensure the safety and comfort of both drivers and passengers.

Noise Level The noise level while steering the vehicle should be minimal.

• Growth Forecasts?

• Market Analysis?

• Revenue Forecasts?

• Regional and Country level Analysis?

• Competitive Structure?

• Emerging Trends?

• Vendor Landscape?

• Other?

What Would You Like to Learn From Technavio?

Global Automotive Steering System Market 2015-2019

Let us identify your needs.We would love to hear more!

USA – CANADA – UK – CHINA – INDIA

Our Report Covers: Market Scenarios, Vendor landscape & Industry Road Maps.

You have the Option to Customize Reports & Access Analysts on every Report Purchase.

Purchasing this report?

For media enquiries,please drop us a mail at

media@technavio.com

We’ll include an hour with our analysts to discuss the report findings.

For free.

USA – CANADA – UK – CHINA – INDIA

Access the Report

USA – CANADA – UK – CHINA – INDIA

India: An Overview

USA – CANADA – UK – CHINA – INDIA

About Us

USA – CANADA – UK – CHINA – INDIA

Thank You!

North America

Chicago, USA

Phone: +1 630 333 9501  

Fax: +1 630 833 2171

Europe

London, United Kingdom

Phone: +44 208 123 1770

Fax: +44 845 280 2825

Asia

Bangalore, India

Phone: +91 934 254 0560

Fax: +91 80 4080 6070

DISCLAIMER

This presentation is intended solely for showcasing Infiniti’s research capabilities. All information contained within this presentation has been randomized and should not be used for any kind of analysis and/or for decision making purpose. All trademarks and copyrights remain the sole ownership of their rightful owners/licensees. In no event shall

Infiniti Research have any liability to any party for special, incidental, tort, or consequential damages arising out of or in connection with this report, even if Infiniti Research has been advised of the possibility of such damages.

Copyright ©2013 Infiniti Research Limited. All Rights Reserved.

Reproduction without written permission is completely forbidden.

NOT FOR FURTHER DISTRIBUTION