Global & Chinese Automotive Steering System Industry Analysed in In-demand ResearchInChina Report Published at MarketPublishers.com
26 Aug 2015 • by Natalie Aster
LONDON – With the development of the automotive market, the demand for steering system has steadily grown. As of 2014, the global automotive steering system market size surpassed 90 million sets, with the revenue reaching the USD 31.1 billion mark.
As of 2014, China’s automotive steering system market size rose to 23.89 million sets, with the demand for passenger car steering system increasing to 19.92 million sets. With the electronic power steering (EPS) technology of mainstream firms having been more mature, the demand for the product in the country has been on the rise, and EPS is currently replacing hydraulic steering system (HPS) to play the key role in the automotive steering system market space.
The world automotive steering system market is concentrated in the hands of the 6 leading producers – JTEKT, TRW, ZF Lenksysteme, Mando, NSK and Nexteer. In China’s automotive steering system market, ZF Lenksysteme, JTEKT and other foreign producers still maintain leadership positions; meantime, Chinese domestic enterprises like CAAS, FAWER Automotive Parts, Zhejiang Shibao, ELITE and AVIC-Xihang Yubei show huge potentials with increased market share.
In-demand research study “Global and China Automotive Steering System Industry Report, 2014-2018” elaborated by ResearchInChina provides an up-close look at the automotive steering system industry and marketplace globally and in China. The report gives true, unbiased insights into the size of market, examines the market structure and competitive scenario; reveals the relationships between the major producers and suppliers. The study provides an analysis of the size of EPS and HPS markets, giving insights into the market structure and supply. The report also presents an all-round discussion of the top steering system companies worldwide and China, uncovering data on their financial status, types of products, capacity building, sales and output volume.
Global and China Automotive Steering System Industry Report, 2014-2018
Published: February, 2015
Price: US$ 2,300.00
More reports by the publisher can be found at ResearchInChina page.