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The latest trend gaining momentum in the market is growing pursuit of electrohydraulic power steering in HCVS. As part of the electrification trend in the automotive industry, energy saving is one of the most important concerns for the development of new vehicles, especially for power steering systems. In a hydraulic power steering system, 70% of the fuel gets consumed by hydraulics, which can be avoided. Hence, the application of more advanced power steering systems such as electric power steering and electrohydraulic power steering can help achieve fuel economy.
Market Analysis and Insights: Global Automotive Power Steering Gears Market
The global Automotive Power Steering Gears market was valued at US$ XX in 2020 and will reach US$ XX million by the end of 2027, growing at a CAGR of XX% during 2022-2027.
Global Automotive Power Steering Gears Scope and Market Size
The global Automotive Power Steering Gears market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Automotive Power Steering Gears market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Hydraulic Power Steering
Electric Power Steering
Other
Segment by Application
Passenger Car
Commercial Vehicle
The Automotive Power Steering Gears market is analysed and market size information is provided by regions (countries). Segment by Application, the Automotive Power Steering Gears market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
JTEKT
Bosch
NSK
Nexteer
ZF
Mobis
Showa
Thyssenkrupp
Mando
Market Analysis and Insights: Global Automotive Power Steering Gears Market
The global Automotive Power Steering Gears market was valued at US$ XX in 2020 and will reach US$ XX million by the end of 2027, growing at a CAGR of XX% during 2022-2027.
Global Automotive Power Steering Gears Scope and Market Size
The global Automotive Power Steering Gears market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Automotive Power Steering Gears market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Hydraulic Power Steering
Electric Power Steering
Other
Segment by Application
Passenger Car
Commercial Vehicle
The Automotive Power Steering Gears market is analysed and market size information is provided by regions (countries). Segment by Application, the Automotive Power Steering Gears market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
JTEKT
Bosch
NSK
Nexteer
ZF
Mobis
Showa
Thyssenkrupp
Mando
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This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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