Automotive Rack and Pinion Steering System market by Application, Type, and Geography - Forecast 2023-2027

Published: Jul 2023 Pages: 167 SKU: IRTNTR72800

Automotive Rack and Pinion Steering System Market Research Report 2023-2027

The automotive rack and pinion steering system market size is estimated to grow at a CAGR of 5.06% between 2022 and 2027. The market size is forecast to increase by USD 5.25 billion. The growth of the market depends on several factors, such as increasing the adoption of electric power steering, improving control using rack and pinion steering systems, and the design and manufacturing benefits of rack and pinion steering systems.

This automotive rack and pinion steering system market report extensively covers market segmentation by application (passenger car and commercial vehicle), type (electronic, electro-hydraulic, hydraulic, and manual), and geography (APAC, North America, Europe, South America, and the Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report consists of historic market data from 2017 to 2021.

What will be the size of the Automotive Rack And Pinion Steering System Market During the Forecast Period?

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Automotive Rack And Pinion Steering System Market: Key Drivers, Trends and Challenges

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Automotive Rack And Pinion Steering System Market Driver

The Increasing adoption of electric power steering is driving growth in the automotive rack and pinion steering system market. The demand for rack and pinion steering systems in cars is thus also rising, driven by the growing use of EPS. The growing need for improving driver safety, comfort, and convenience, as also as enhancing fuel efficiency, has brought about many developments in the automotive industry.

Moreover, In EPS, the motor is mounted on the rack and pinion-type steering gear while torque is applied to the steering column, which assists the driver in turning the steering wheel. The power to assist the steering wheel is obtained from the steering motor and not from the engine, which helps in improving the fuel efficiency of the vehicle.  The adoption of EPS in passenger cars, and particularly at entry-level vehicles, has increased because it makes a vehicle more fuel efficient. EPS, together with its components, is more expensive than a hydraulic power steering system and enables manufacturers of automotive steering systems and steering system components to achieve higher profit margins. The increasing adoption of EPS will drive the global automotive rack and pinion steering system market during the forecast period.

Key Automotive Rack And Pinion Steering System Market Trends

The increasing popularity of steer-by-wire systems is a primary trend in the automotive rack and pinion steering system market.  In order to improve vehicle comfort and increase fuel efficiency by reducing the use of fewer mechanical components, a steering wire system has been designed so that there are no mechanical connections between vehicles' steering gears and wheels. Mechanical connections between the components of the steering system, including gear drives, are also present in further power steering systems. In the steer-by-wire system, a steering wheel angle sensor is attached to the steering wheel, and it sends signals to the steering actuator.

The steer-by-wire system is expected to improve vehicle performance and raise fuel efficiency, as well as lower manufacturing and operating costs.  In view of the fact that this technology is new to the market, steer-by-wire manufacturers are expected to benefit from higher profit margins going forward. Thus, the development of the steer-by-wire system with a rack and pinion steering gear that functions as an electrical actuator is positive for the growth of the global automotive rack and pinion steering system market during the forecast period.

Key Automotive Rack And Pinion Steering System Market Challenge

The rising cost of raw materials used in vehicle components is a major challenge in an automotive rack and pinion steering system. In order to meet the increasing demand for improved fuel efficiency, manufacturers are under pressure to limit vehicle weight and keep performance as good as possible. The use of aluminium in the replacement of iron and steel is one method. Materials used in most of the vehicle components are being replaced with aluminium as it is lightweight and has superior performance. However, higher aluminium prices are increasing cost pressures on automotive component manufacturers.

Nevertheless, the cost of aluminium has increased as a result of government decisions to impose sanctions on raw aluminium suppliers. As a result, prices are increasing and are expected to increase even more in the forecast period. Manufacturers of automotive steering system components such as steering columns and steering gearboxes use aluminium extensively, and rising prices are expected to challenge the global automotive rack and pinion steering system market during the forecast period

Automotive Rack And Pinion Steering System Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Automotive Rack and Pinion Steering System Market Customer Landscape

Who are the Major Automotive Rack and Pinion Steering System Market Companies?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

BorgWarner Inc. - The company offers automotive rack and pinion steering systems for adaptive ride controls.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • China Automotive Systems Inc.
  • HL Mando Co. Ltd.
  • Hyundai Mobis Co. Ltd.
  • JTEKT Corp.
  • Kaz Technologies
  • Knorr Bremse AG
  • Mando Aftermarket North America
  • Nexteer Automotive Group Ltd.
  • NSK Ltd.
  • Rane Holdings Ltd.
  • Robert Bosch GmbH
  • thyssenkrupp AG
  • ZF Friedrichshafen AG

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Largest-Growing Segment in the Automotive Rack And Pinion Steering System Market?

The passenger car segment is estimated to witness significant growth during the forecast period. Urban areas account for over half of the world's population, which is growing at an even faster rate. The longer distance commute is being driven by the increase in urbanization. This is increasing the demand for passenger cars, which is enhancing the intensity of competition among OEMs and their suppliers.

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The passenger car segment was the largest segment and was valued at  USD 8.74 billion in 2017.  The automotive sector is constantly investing in technological progress to maintain a competitive edge and be able to compete in the market. To maintain a competitive advantage and sustain in the market, automotive manufacturers are continuously investing in technological advancements. In addition, the rising number of vehicles is increasing pollution levels, which is forcing the government to implement regulations on reducing vehicular emissions.

Which are the Key Regions for the Automotive Rack And Pinion Steering System Market?

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APAC is estimated to contribute 58% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Technavio categorizes the global automotive rack and pinion steering system market as a part of the global automotive components and accessories market within the global auto components market. It is estimated that there will be moderate growth in the world market for automobile components and accessories. Technavio calculates the global automotive components and accessories market size based on combined revenue generated by manufacturers of automotive components and accessories.

The COVID-19 outbreak had a severely negative effect on the global automotive components and accessories market growth in 2020. However, the loosening of trade restrictions and removal of lockdowns led to an increase in sales of car parts and accessories in 2021. This is anticipated to result in a rise in demand for automotive parts and accessories throughout the forecast period, which would favorably affect the market expansion of the global automotive components and accessories market.

Segment Overview

The automotive rack and pinion steering system market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook (USD Billion, 2017 - 2027)
    • Passenger car
    • Commercial vehicle
  • Type Outlook (USD Billion, 2017 - 2027)
    • Electronic
    • Electro-hydraulic
    • Hydraulic
    • Manual
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chil
      • Brazil

Automotive Rack And Pinion Steering System Market Scope

Report Coverage

Details

Page number

167

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.06%

Market growth 2023-2027

USD 5.25 billion

Market structure

Concentrated

YoY growth 2022-2023(%)

4.64

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 58%

Key countries

US, China, Japan, India, Germany, US, China, Japan, India, and Germany

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

BorgWarner Inc., China Automotive Systems Inc., HL Mando Co. Ltd., Hyundai Mobis Co. Ltd., JTEKT Corp., Kaz Technologies, Knorr Bremse AG, Mando Aftermarket North America, Nexteer Automotive Group Ltd., NSK Ltd., Rane Holdings Ltd., Robert Bosch GmbH, thyssenkrupp AG, and ZF Friedrichshafen AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Automotive Rack And Pinion Steering System Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across APAC, North America, Europe, South America, and the Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global automotive rack and pinion steering system market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global automotive rack and pinion steering system market 2017 - 2021 ($ billion)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ billion)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Passenger car - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Passenger car - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Passenger car - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Passenger car - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Passenger car - Year-over-year growth 2022-2027 (%)
    • 6.4 Commercial vehicle - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Commercial vehicle - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Commercial vehicle - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Commercial vehicle - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Commercial vehicle - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Application
      • Exhibit 42: Market opportunity by Application ($ billion)
      • Exhibit 43: Data Table on Market opportunity by Application ($ billion)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 44: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 45: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 46: Chart on Comparison by Type
      • Exhibit 47: Data Table on Comparison by Type
    • 7.3 Electronic - Market size and forecast 2022-2027
      • Exhibit 48: Chart on Electronic - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 49: Data Table on Electronic - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 50: Chart on Electronic - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on Electronic - Year-over-year growth 2022-2027 (%)
    • 7.4 Electro-hydraulic - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Electro-hydraulic - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Data Table on Electro-hydraulic - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 54: Chart on Electro-hydraulic - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Electro-hydraulic - Year-over-year growth 2022-2027 (%)
    • 7.5 Hydraulic - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Hydraulic - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Data Table on Hydraulic - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 58: Chart on Hydraulic - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Hydraulic - Year-over-year growth 2022-2027 (%)
    • 7.6 Manual - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Manual - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Data Table on Manual - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 62: Chart on Manual - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Manual - Year-over-year growth 2022-2027 (%)
    • 7.7 Market opportunity by Type
      • Exhibit 64: Market opportunity by Type ($ billion)
      • Exhibit 65: Data Table on Market opportunity by Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 68: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 India - Market size and forecast 2022-2027
      • Exhibit 103: Chart on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 104: Data Table on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 105: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.12 Germany - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ billion)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 BorgWarner Inc.
              • Exhibit 119: BorgWarner Inc. - Overview
              • Exhibit 120: BorgWarner Inc. - Business segments
              • Exhibit 121: BorgWarner Inc. - Key news
              • Exhibit 122: BorgWarner Inc. - Key offerings
              • Exhibit 123: BorgWarner Inc. - Segment focus
            • 12.4 China Automotive Systems Inc.
              • Exhibit 124: China Automotive Systems Inc. - Overview
              • Exhibit 125: China Automotive Systems Inc. - Business segments
              • Exhibit 126: China Automotive Systems Inc. - Key news
              • Exhibit 127: China Automotive Systems Inc. - Key offerings
              • Exhibit 128: China Automotive Systems Inc. - Segment focus
            • 12.5 HL Mando Co. Ltd.
              • Exhibit 129: HL Mando Co. Ltd. - Overview
              • Exhibit 130: HL Mando Co. Ltd. - Product / Service
              • Exhibit 131: HL Mando Co. Ltd. - Key offerings
            • 12.6 Hyundai Mobis Co. Ltd.
              • Exhibit 132: Hyundai Mobis Co. Ltd. - Overview
              • Exhibit 133: Hyundai Mobis Co. Ltd. - Business segments
              • Exhibit 134: Hyundai Mobis Co. Ltd. - Key news
              • Exhibit 135: Hyundai Mobis Co. Ltd. - Key offerings
              • Exhibit 136: Hyundai Mobis Co. Ltd. - Segment focus
            • 12.7 JTEKT Corp.
              • Exhibit 137: JTEKT Corp. - Overview
              • Exhibit 138: JTEKT Corp. - Business segments
              • Exhibit 139: JTEKT Corp. - Key news
              • Exhibit 140: JTEKT Corp. - Key offerings
              • Exhibit 141: JTEKT Corp. - Segment focus
            • 12.8 Kaz Technologies
              • Exhibit 142: Kaz Technologies - Overview
              • Exhibit 143: Kaz Technologies - Product / Service
              • Exhibit 144: Kaz Technologies - Key offerings
            • 12.9 Knorr Bremse AG
              • Exhibit 145: Knorr Bremse AG - Overview
              • Exhibit 146: Knorr Bremse AG - Business segments
              • Exhibit 147: Knorr Bremse AG - Key news
              • Exhibit 148: Knorr Bremse AG - Key offerings
              • Exhibit 149: Knorr Bremse AG - Segment focus
            • 12.10 Mando Aftermarket North America
              • Exhibit 150: Mando Aftermarket North America - Overview
              • Exhibit 151: Mando Aftermarket North America - Product / Service
              • Exhibit 152: Mando Aftermarket North America - Key offerings
            • 12.11 Nexteer Automotive Group Ltd.
              • Exhibit 153: Nexteer Automotive Group Ltd. - Overview
              • Exhibit 154: Nexteer Automotive Group Ltd. - Business segments
              • Exhibit 155: Nexteer Automotive Group Ltd. - Key news
              • Exhibit 156: Nexteer Automotive Group Ltd. - Key offerings
              • Exhibit 157: Nexteer Automotive Group Ltd. - Segment focus
            • 12.12 NSK Ltd.
              • Exhibit 158: NSK Ltd. - Overview
              • Exhibit 159: NSK Ltd. - Product / Service
              • Exhibit 160: NSK Ltd. - Key offerings
            • 12.13 Rane Holdings Ltd.
              • Exhibit 161: Rane Holdings Ltd. - Overview
              • Exhibit 162: Rane Holdings Ltd. - Product / Service
              • Exhibit 163: Rane Holdings Ltd. - Key offerings
            • 12.14 Robert Bosch GmbH
              • Exhibit 164: Robert Bosch GmbH - Overview
              • Exhibit 165: Robert Bosch GmbH - Business segments
              • Exhibit 166: Robert Bosch GmbH - Key news
              • Exhibit 167: Robert Bosch GmbH - Key offerings
              • Exhibit 168: Robert Bosch GmbH - Segment focus
            • 12.15 thyssenkrupp AG
              • Exhibit 169: thyssenkrupp AG - Overview
              • Exhibit 170: thyssenkrupp AG - Business segments
              • Exhibit 171: thyssenkrupp AG - Key offerings
              • Exhibit 172: thyssenkrupp AG - Segment focus
            • 12.16 ZF Friedrichshafen AG
              • Exhibit 173: ZF Friedrichshafen AG - Overview
              • Exhibit 174: ZF Friedrichshafen AG - Business segments
              • Exhibit 175: ZF Friedrichshafen AG - Key news
              • Exhibit 176: ZF Friedrichshafen AG - Key offerings
              • Exhibit 177: ZF Friedrichshafen AG - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 178: Inclusions checklist
                • Exhibit 179: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 180: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 181: Research methodology
                • Exhibit 182: Validation techniques employed for market sizing
                • Exhibit 183: Information sources
              • 13.5 List of abbreviations
                • Exhibit 184: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

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              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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