DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Hydraulic Steering System Market 2017-2021" report to their offering.
The global hydraulic steering system market to grow at a CAGR of 1.72% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global hydraulic steering system market for 2017-2021. To calculate the market size, the report considers the new installations and sales volume of passenger cars, LCVs, and M&HCVs. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Market Dynamics
Market drivers
- Increasing sales of body-on-frame SUVs
- High penetration of hydraulic power steering in commercial vehicles
- Growing preference for M&HCVs for transporting freight
Market challenges
- Increasing penetration of EPS system
- Growing car-sharing services in China, India, and Brazil
- Rise in number of on-demand taxi operators
Market trends
- Growing pursuit of EHPS in heavy commercial vehicles
- Increasing penetration of steer-by-wire technology
- Rise in electrification of mechanical components
Key vendors:
- ZF Friedrichshafen
- GKN
- Nexteer Automotive
- ThyssenKrupp
Other prominent vendors:
- ATS
- JTEKT
- Robert Bosch
- ThyssenKrupp Presta
- Hyundai Mobis
- Mando
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product
Part 07: Geographical segmentation
Part 08: Market drivers
Part 09: Impact of drivers
Part 10: Market challenges
Part 11: Impact of drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Key vendor analysis
Part 15:Appendix
For more information about this report visit http://www.researchandmarkets.com/research/l3kcp4/global_hydraulic