Automotive Steering Gearbox Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, China, Japan, Germany, France - Size and Forecast 2024-2028

Published: Jan 2024

Pages: 174

SKU: IRTNTR44896

Snapshot

Automotive Steering Gearbox Market 2024-2028

The automotive steering gearbox market size is forecast to increase by USD 8.97 billion, at a CAGR of 8.67% between 2023 and 2028. The growth of the market depends on several factors such as the growing demand for high torque and performance in trucks, the increasing adoption of electric power steering and the stringent regulations to control emissions.

The research report of the Automotive Steering Gearbox Market offers industry forecasts and segmentation based on Type which includes electric power steering, hydraulic power steering and electro-hydraulic power steering. It also segments the market by Application, which comprises passenger cars and commercial cars. Region, the market analysis and report covers APAC, Europe, North America, South America, and Middle East and Africa. The market size, historical data for 2018 - 2022, and future forecasts are presented in terms of value (in USD billion) for all these mentioned segments.

What will be the size of the Automotive Steering Gearbox Market During the Forecast Period?

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Automotive Steering Gearbox Market: Key Drivers, Trends and Challenges

Our researchers analyzed the data with 2023 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 Steering Gearbox Market Driver

The increasing adoption of electric power steering is notably driving the market growth. The increasing demand for comfort and convenience for the driver and the need to improve the fuel efficiency of vehicles has brought about many developments in the automotive industry. Technological advancements in steering systems are allowing automotive manufacturers to adopt electric power steering and steer-by-wire systems. These transformations have paved the way for the further development of automotive steering system components, including steering columns and steering gearboxes, among others. The pump in a hydraulic power steering system is always on, even when the steering is idle, and this reduces fuel efficiency.

Moreover, an electric power steering system, including its components, costs more than a hydraulic power steering system, which is beneficial for manufacturers of automotive steering systems and steering components in terms of profit margins. Therefore, the growing adoption of automotive electric power steering systems will drive the revenue growth of the global automotive steering gearbox market during the market forecast period

Key Automotive Steering Gearbox Market Trends

Steering gear for steer-by-wire systems is an emerging trend shaping the market growth. The automotive steer-by-wire system has been developed to eliminate mechanical linkages between steering wheels and wheels of vehicles to enhance driving comfort and improve fuel efficiency. Other power steering systems have a mechanical linkage between steering components, including steering gears. In the steer-by-wire system, the steering wheel is attached to a steering wheel angle sensor that sends signals to the steering actuator. The pinion angle sensor allows the pinon to move over the rack with the help of the electric motor (power assist unit).

Further, as such technology is new on the market, profit margins are expected to be higher from sales of steer-by-wire systems during the forecast period. Thus, the development of the steer-by-wire system, which has a steering gear that works as an electrical actuator, will boost the growth of the global automotive steering gearbox market during the forecast period.

Major Automotive Steering Gearbox Market Challenge

Increasing cost of raw materials is a significant challenge hindering the market growth. The growing need for improving fuel efficiency is pushing automotive manufacturers to reduce vehicle weight without compromising on performance. A widely used material to replace iron and steel is aluminum. Most vehicle components are being replaced by aluminum as it is lightweight, and its performance is superior. However, rising prices of this metal are exerting pressure on automotive components manufacturers. Decisions to slap sanctions on suppliers of aluminum have increased the cost of the material.

For instance, by 2030, it is anticipated that each vehicle will contain 556 pounds of aluminum. The higher demand will lead to the high price of aluminum metal. Therefore, manufacturers of automotive steering system components, including steering columns and steering gearboxes, which are made of aluminum, are expected to come under tremendous cost pressures, which will hinder the market growth and trends of the market during the forecast period.

Automotive Steering Gearbox 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 market growth and forecasting strategies.

Global Automotive Steering Gearbox Market Customer Landscape

Who are the Major Automotive Steering Gearbox Market Companies?

Companies 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.

Akashi Kikai Kogyo Co. Ltd. - The company offers automotive steering gearbox for light vehicles and regular cars having displacement of 1500 or less.

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

Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What are the Largest-Growing Segments in the Automotive Steering Gearbox Market?

The electric power steering segment is estimated to witness significant growth during the forecast period. The adoption of electric power steering is increasing as it is lightweight and highly efficient. This system has a variable power assist for providing additional assistance at lower speeds and reduced assistance at higher speeds. An electric power steering system does not require significant power when steering assistance is not needed. The need for additional power is calculated based on the torque applied to the steering wheel.

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The electric power steering segment was the largest and was valued at USD 8.92 billion in 2018. There are different forms of electric power steering systems, and they are based on the position of the power assist motor. They include the column assist, pinion assist, direct drive, and rack assist types. Among these, the steering gear plays an important role in the pinion assist and rack assist types of electric power steering. In the pinion assist type electric power steering system, the power assist motor is connected to the steering gears pinion shaft. This type of electric power steering system works well for small cars. Although all types of electric power steering have gearboxes, their designs change based on the position of the power assist motor. The market research and growth of the automotive steering gearbox market by the electric power steering segment will depend on the adoption rates of electric power steering systems during the forecast period.

Which are the Key Regions for the Automotive Steering Gearbox Market?

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APAC is estimated to contribute 64% 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. APAC houses some of the fastest-growing economies globally, and they include China, India, Thailand, Indonesia, and South Korea. Economic growth has helped raise per-capita income considerably over the last couple of years and increased consumer purchasing power, leading to higher automobile sales. Further, economic growth has allowed most countries in APAC to proactively spend on infrastructure and industrial development, which has pushed demand for commercial vehicles. APAC is also a prime offshore location for automotive manufacturing, given the favorable government incentives, low costs, and raw material availability. For instance, Nexteer Automotive Group Ltd. has been manufacturing automotive steering systems in China since 2016. Further, ThyssenKrupp AG is building one of the largest steering system production sites in China.

Segment Overview

The automotive steering gearbox market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest market trends and analysis and market growth analysis and growth opportunities from 2018 to 2028.

Type Outlook
- Electric power steering
- Hydraulic power steering
- Electro-hydraulic power steering

Application Outlook
- Passenger cars
- Commercial cars

Region Outlook
- North America
  - The U.S.
  - Canada
- South America
  - Chile
  - Brazil
  - Argentina
- 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

Automotive Steering Gearbox Market Scope
Report Coverage	Details
Page number	174
Base year	2023
Historic period	2018-2022
Market forecasting period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 8.67%
Market Growth 2024-2028	USD 8.97 billion
Market structure	Fragmented
YoY growth 2023-2024(%)	8.54
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 64%
Key countries	US, China, Japan, Germany, and France
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Akashi Kikai Kogyo Co. Ltd., ATS Automation Tooling Systems Inc., Cardone Industries Inc., China Automotive Systems Inc., DENSO Corp., Ford Motor Co., HL Mando Co. Ltd., Hyundai Motor Co., JTEKT Corp., Knorr Bremse AG, Melrose Industries Plc, Mitsubishi Heavy Industries Ltd., Nexteer Automotive Group Ltd., Robert Bosch GmbH, thyssenkrupp AG, and ZF Steering Gear (India) Ltd.
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, 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 Steering Gearbox Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the market between 2024 and 2028
Precise estimation of the market size and its contribution of the market in focus to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market across APAC, Europe, North America, South America, and Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information about companies
Comprehensive analysis of factors that will challenge the growth of market companies

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Table of Contents

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 Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
- 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 2023

3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global automotive steering gearbox market 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on global automotive steering gearbox market 2018 - 2022 ($ billion)

4.2 Type Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ billion)

4.3 Application Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – Application Segment 2018 - 2022 ($ billion)

4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)

4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
- Exhibit 30: Chart on Type - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Type - Market share 2023-2028 (%)

6.2 Comparison by Type
- Exhibit 32: Chart on Comparison by Type
- Exhibit 33: Data Table on Comparison by Type

6.3 Electric power steering - Market size and forecast 2023-2028
- Exhibit 34: Chart on Electric power steering - Market size and forecast 2023-2028 ($ billion)
- Exhibit 35: Data Table on Electric power steering - Market size and forecast 2023-2028 ($ billion)
- Exhibit 36: Chart on Electric power steering - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Electric power steering - Year-over-year growth 2023-2028 (%)

6.4 Hydraulic power steering - Market size and forecast 2023-2028
- Exhibit 38: Chart on Hydraulic power steering - Market size and forecast 2023-2028 ($ billion)
- Exhibit 39: Data Table on Hydraulic power steering - Market size and forecast 2023-2028 ($ billion)
- Exhibit 40: Chart on Hydraulic power steering - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Hydraulic power steering - Year-over-year growth 2023-2028 (%)

6.5 Electro-hydraulic power steering - Market size and forecast 2023-2028
- Exhibit 42: Chart on Electro-hydraulic power steering - Market size and forecast 2023-2028 ($ billion)
- Exhibit 43: Data Table on Electro-hydraulic power steering - Market size and forecast 2023-2028 ($ billion)
- Exhibit 44: Chart on Electro-hydraulic power steering - Year-over-year growth 2023-2028 (%)
- Exhibit 45: Data Table on Electro-hydraulic power steering - Year-over-year growth 2023-2028 (%)

6.6 Market opportunity by Type
- Exhibit 46: Market opportunity by Type ($ billion)
- Exhibit 47: Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by Application

7.1 Market segments
- Exhibit 48: Chart on Application - Market share 2023-2028 (%)
- Exhibit 49: Data Table on Application - Market share 2023-2028 (%)

7.2 Comparison by Application
- Exhibit 50: Chart on Comparison by Application
- Exhibit 51: Data Table on Comparison by Application

7.3 Passenger cars - Market size and forecast 2023-2028
- Exhibit 52: Chart on Passenger cars - Market size and forecast 2023-2028 ($ billion)
- Exhibit 53: Data Table on Passenger cars - Market size and forecast 2023-2028 ($ billion)
- Exhibit 54: Chart on Passenger cars - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on Passenger cars - Year-over-year growth 2023-2028 (%)

7.4 Commercial cars - Market size and forecast 2023-2028
- Exhibit 56: Chart on Commercial cars - Market size and forecast 2023-2028 ($ billion)
- Exhibit 57: Data Table on Commercial cars - Market size and forecast 2023-2028 ($ billion)
- Exhibit 58: Chart on Commercial cars - Year-over-year growth 2023-2028 (%)
- Exhibit 59: Data Table on Commercial cars - Year-over-year growth 2023-2028 (%)

7.5 Market opportunity by Application
- Exhibit 60: Market opportunity by Application ($ billion)
- Exhibit 61: Data Table on Market opportunity by Application ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 63: Chart on Market share by geography 2023-2028 (%)
- Exhibit 64: Data Table on Market share by geography 2023-2028 (%)

9.2 Geographic comparison
- Exhibit 65: Chart on Geographic comparison
- Exhibit 66: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2023-2028
- Exhibit 67: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 68: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 69: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 70: Data Table on APAC - Year-over-year growth 2023-2028 (%)

9.4 Europe - Market size and forecast 2023-2028
- Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)

9.5 North America - Market size and forecast 2023-2028
- Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)

9.6 South America - Market size and forecast 2023-2028
- Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)

9.7 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)

9.8 China - Market size and forecast 2023-2028
- Exhibit 87: Chart on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 88: Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 89: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on China - Year-over-year growth 2023-2028 (%)

9.9 US - Market size and forecast 2023-2028
- Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)

9.10 Germany - Market size and forecast 2023-2028
- Exhibit 95: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 96: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 97: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on Germany - Year-over-year growth 2023-2028 (%)

9.11 Japan - Market size and forecast 2023-2028
- Exhibit 99: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
- Exhibit 100: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
- Exhibit 101: Chart on Japan - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on Japan - Year-over-year growth 2023-2028 (%)

9.12 France - Market size and forecast 2023-2028
- Exhibit 103: Chart on France - Market size and forecast 2023-2028 ($ billion)
- Exhibit 104: Data Table on France - Market size and forecast 2023-2028 ($ billion)
- Exhibit 105: Chart on France - Year-over-year growth 2023-2028 (%)
- Exhibit 106: Data Table on France - Year-over-year growth 2023-2028 (%)

9.13 Market opportunity by geography
- Exhibit 107: Market opportunity by geography ($ billion)
- Exhibit 108: 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 109: Impact of drivers and challenges in 2023 and 2028

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 111: Overview on factors of disruption

11.4 Industry risks
- Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 113: Vendors covered

12.2 Market positioning of vendors
- Exhibit 114: Matrix on vendor position and classification

12.3 Akashi Kikai Kogyo Co. Ltd.
- Exhibit 115: Akashi Kikai Kogyo Co. Ltd. - Overview
- Exhibit 116: Akashi Kikai Kogyo Co. Ltd. - Product / Service
- Exhibit 117: Akashi Kikai Kogyo Co. Ltd. - Key offerings

12.4 ATS Automation Tooling Systems Inc.
- Exhibit 118: ATS Automation Tooling Systems Inc. - Overview
- Exhibit 119: ATS Automation Tooling Systems Inc. - Product / Service
- Exhibit 120: ATS Automation Tooling Systems Inc. - Key offerings

12.5 China Automotive Systems Inc.
- Exhibit 121: China Automotive Systems Inc. - Overview
- Exhibit 122: China Automotive Systems Inc. - Business segments
- Exhibit 123: China Automotive Systems Inc. - Key news
- Exhibit 124: China Automotive Systems Inc. - Key offerings
- Exhibit 125: China Automotive Systems Inc. - Segment focus

12.6 DENSO Corp.
- Exhibit 126: DENSO Corp. - Overview
- Exhibit 127: DENSO Corp. - Business segments
- Exhibit 128: DENSO Corp. - Key news
- Exhibit 129: DENSO Corp. - Key offerings
- Exhibit 130: DENSO Corp. - Segment focus

12.7 Ford Motor Co.
- Exhibit 131: Ford Motor Co. - Overview
- Exhibit 132: Ford Motor Co. - Business segments
- Exhibit 133: Ford Motor Co. - Key news
- Exhibit 134: Ford Motor Co. - Key offerings
- Exhibit 135: Ford Motor Co. - Segment focus

12.8 HL Mando Co. Ltd.
- Exhibit 136: HL Mando Co. Ltd. - Overview
- Exhibit 137: HL Mando Co. Ltd. - Product / Service
- Exhibit 138: HL Mando Co. Ltd. - Key offerings

12.9 Hyundai Motor Co.
- Exhibit 139: Hyundai Motor Co. - Overview
- Exhibit 140: Hyundai Motor Co. - Business segments
- Exhibit 141: Hyundai Motor Co. - Key news
- Exhibit 142: Hyundai Motor Co. - Key offerings
- Exhibit 143: Hyundai Motor Co. - Segment focus

12.10 JTEKT Corp.
- Exhibit 144: JTEKT Corp. - Overview
- Exhibit 145: JTEKT Corp. - Business segments
- Exhibit 146: JTEKT Corp. - Key news
- Exhibit 147: JTEKT Corp. - Key offerings
- Exhibit 148: JTEKT Corp. - Segment focus

12.11 Knorr Bremse AG
- Exhibit 149: Knorr Bremse AG - Overview
- Exhibit 150: Knorr Bremse AG - Business segments
- Exhibit 151: Knorr Bremse AG - Key offerings
- Exhibit 152: Knorr Bremse AG - Segment focus

12.12 Melrose Industries Plc
- Exhibit 153: Melrose Industries Plc - Overview
- Exhibit 154: Melrose Industries Plc - Business segments
- Exhibit 155: Melrose Industries Plc - Key offerings
- Exhibit 156: Melrose Industries Plc - Segment focus

12.13 Mitsubishi Heavy Industries Ltd.
- Exhibit 157: Mitsubishi Heavy Industries Ltd. - Overview
- Exhibit 158: Mitsubishi Heavy Industries Ltd. - Business segments
- Exhibit 159: Mitsubishi Heavy Industries Ltd. - Key news
- Exhibit 160: Mitsubishi Heavy Industries Ltd. - Key offerings
- Exhibit 161: Mitsubishi Heavy Industries Ltd. - Segment focus

12.14 Nexteer Automotive Group Ltd.
- Exhibit 162: Nexteer Automotive Group Ltd. - Overview
- Exhibit 163: Nexteer Automotive Group Ltd. - Business segments
- Exhibit 164: Nexteer Automotive Group Ltd. - Key news
- Exhibit 165: Nexteer Automotive Group Ltd. - Key offerings
- Exhibit 166: Nexteer Automotive Group Ltd. - Segment focus

12.15 Robert Bosch GmbH
- Exhibit 167: Robert Bosch GmbH - Overview
- Exhibit 168: Robert Bosch GmbH - Business segments
- Exhibit 169: Robert Bosch GmbH - Key news
- Exhibit 170: Robert Bosch GmbH - Key offerings
- Exhibit 171: Robert Bosch GmbH - Segment focus

12.16 thyssenkrupp AG
- Exhibit 172: thyssenkrupp AG - Overview
- Exhibit 173: thyssenkrupp AG - Business segments
- Exhibit 174: thyssenkrupp AG - Key offerings
- Exhibit 175: thyssenkrupp AG - Segment focus

12.17 ZF Steering Gear (India) Ltd.
- Exhibit 176: ZF Steering Gear (India) Ltd. - Overview
- Exhibit 177: ZF Steering Gear (India) Ltd. - Business segments
- Exhibit 178: ZF Steering Gear (India) Ltd. - Key offerings
- Exhibit 179: ZF Steering Gear (India) Ltd. - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 180: Inclusions checklist
- Exhibit 181: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 182: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 183: Research methodology
- Exhibit 184: Validation techniques employed for market sizing
- Exhibit 185: Information sources

13.5 List of abbreviations
- Exhibit 186: List of abbreviations

Methodology

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 revenue-generating key market segments?
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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