Commercial Vehicle Steering System Market by Application, Type and Geography - Forecast and Analysis 2023-2027

Published: Oct 2023

Pages: 171

SKU: IRTNTR44272

Snapshot

Commercial Vehicle Steering System Market Forecast 2023-2027

The commercial vehicle steering system market size is estimated to grow by USD 3.80 billion at a CAGR of 5.5% between 2022 and 2027. The growth of the market is influenced by several factors, including the electrification of automotive components, which enhances control and efficiency. The increasing use of driver-assisted technologies in commercial vehicles improves safety and productivity. Additionally, the growing preference for commercial vehicles for freight transportation is driving market expansion, reflecting the demand for efficient goods transportation solutions. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Commercial Vehicle Steering System Market During the Forecast Period?

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Market Segmentation

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

What is the Largest-Growing Segments in the Market?

The light commercial vehicle segment is estimated to witness significant growth during the forecast period. The light commercial vehicle segment can be referred to as a gross vehicle weight (GVW) of less than 3.5 tons. This segment is mainly used for the transportation of goods or passengers. There is an increasing adoption of the LCV segment especially in the US and China. The adoption of LCVs can be attributed to the growth of small businesses.

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The light commercial vehicle segment was the largest segment and was valued at USD 8.21 billion in 2017. There is an increase in the growth of small businesses in China due to the significant increase in GDP and strong domestic market. One of the main commercial vehicles in this segment is the pick-up trucks which are widely used for the final delivery of time-critical goods, high-value goods, and support services. These types of commercial vehicles are mainly used in space-strapped urban areas. Some of the main regions with dominant market share for the LCVs segment include Europe and North America. Hence, such factors are e expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.

Which are the Key Regions for the Market?

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APAC is estimated to contribute 41% 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. One of the major countries that is significantly contributing to the growth of the global market is the US. The main factor that is fuelling the growth in the US is the high adoption of commercial vehicles in the region. Additionally, the rise in sales of commercial vehicles such as SUVs and other light-duty trucks, such as pick-up trucks and crossovers are fuelling demand for these systems.

Furthermore, the increasing focus on fuel efficiency and the growing demand for power systems is fuelling the demand for EPS, leading to the phasing out of HPS. Furthermore, the retail sector contributes to the increasing demand for pick-up trucks, SUVs, and crossovers, whereas other business houses contribute to the vans and trucks demand. Hence, such factors are expected to drive market growth in the region during the forecast period.

Market Dynamics and Customer Landscape

The market is undergoing significant changes driven by factors such as pollution control, fuel efficiency, and the rise of electric vehicles (EVs). Traditional hydraulic power steering (HPS) systems are being replaced by electric power steering (EPS) and electro-hydraulic power steering (EHPS) systems, enhancing fuel efficiency and emission control. Advanced braking systems and electrically assisted steering systems are becoming standard in both passenger cars and light commercial vehicles, improving safety and maneuverability. Steer by wire (SbW) technology is a notable advancement, allowing for autonomous driving controls. As the industry shifts toward electrification, manufacturers are focusing on new product developments in steering-mounted electronics and electric motors. However, challenges such as market contraction and travel bans due to global events impact manufacturing plants and supply chains. To adapt, businesses are investing in logistics and raw material shipments to ensure operational continuity and meet the changing demands of the automotive industry. 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 Market Driver

One of the key factors driving the market growth is the growing preference for CVs for freight transportation. There is an increasing preference for road transportation in developing countries such as China and India. Thus, the rapid rise in the use of heavy, medium, and light commercial vehicles is expected to decrease the use of railways in freight transportation. The main reason for the increasing adoption of roadways for the transportation of cargo is the limited number of rail services within the country, exacerbated by factors such as travel bans, which restrict the movement of goods across borders. Additionally, the efficiency and flexibility offered by road transport in terms of steering systems, logistics, supply chain, and raw material shipments play a significant role in the preference for roadways over railways for freight transportation.

Furthermore, there is an increasing preference by companies to opt for roadways as an option for the transportation of their products due to the lack of sufficient rail freight services. Some of the main types of vehicles that are extensively used for transporting cargo in China include heavy, medium, and light-duty commercial vehicles. Additionally, factors such as the high volume of railway freight, poor last-mile connectivity, and the lack of availability of freight trains are expected to drive market growth during the forecast period.

Major Market Trends

A key factor shaping the market growth is the continuous advances in automotive steering technology. Several countries are undertaking initiatives to reduce vehicular emissions due to the rise in environmental pollution. The high investment in R&D to enhance engine efficiency and reduce vehicle emission levels is one of the significant measures undertaken by several countries. As a result, several manufacturers are amending their designs and technology to enhance performance and ease compliance with the latest emission norms.

Additionally, there are significant advancements in technology in the market, especially in terms of the design and integration of safety technologies with these systems. Such initiatives are mainly undertaken to enhance the functionality of the overall safety systems in automobiles. These advancements in the technology of electronic systems have allowed automotive manufacturers to enhance the comfort, efficiency, handling, and safety of a vehicle, as it enhances the driving experience for all types of vehicles. Hence, such factors are driving the market growth during the forecast period.

Significant Market Challenge

High development costs of driver-assisted technologies are one of the key challenges hindering the market. There is a significant rise in the cost of advanced systems mainly due to the increase in the price of product development, designing, and maintaining these system technologies. Some of these components include sensors, control modules, and processors, among others.

Additionally, there is an increase in prices of several raw materials which are used to manufacture these systems such as steel, electronic components, and plastics. As a result of these price hikes, it has forced several manufacturers to reconsider before integrating such technologies into commercial vehicles. Hence, such factors are negatively impacting the market which in turn will hinder the market during the forecast period.

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 Market Customer Landscape

Who are the Major Commercial Vehicle Steering System 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.

ATS Automation Tooling Systems Inc: The company offers commercial vehicle steering systems such as hydraulic power and electronic power steering.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 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.

Segment Overview

The 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
- Light commercial vehicle
- Medium
- Heavy commercial vehicle
Type Outlook
- Electronic power steering
- Electro-hydraulic power steering
- Hydraulic power steering
Geography Outlook
- North America
  - The U.S.
  - Canada
- Europe
  - The U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - China
  - India
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Market Analyst Overview

The market is experiencing significant advancements, particularly in electrically assisted steering systems. These systems, including electric power steering (EPS) and electric power hydraulic steering (EPHS), are enhancing steering precision and response to the driver, leading to improved engine performance and passenger comfort. The market is also witnessing the adoption of Steer by Wire (SbW) technology, which eliminates the need for a physical connection between the steering wheel and the steering column. This innovation, along with mechatronic iRWS systems and software and electronics enhancements, is driving the growth of the market. As the demand for fuel-efficient cars and electric vehicles rises, manufacturers are focusing on developing lightweight steering systems integrated with advanced steering-mounted electronics. Despite challenges such as pollution control regulations and travel bans, the market is expected to expand due to ongoing research and development programs and the increasing sales of commercial vehicles.

Furthermore, the market is witnessing significant advancements in steering technology, including hydraulic power steering (HPS) and fully electric power steering (EPS). These innovations, along with rack and pinion steering systems, are enhancing the performance and safety of heavy commercial vehicles. The market is also benefiting from automotive research and development, particularly in automatic systems and sensors like torque, wheel speed, and position sensors. Companies like LeddarTech are driving innovation, leading to improved logistics and sales of commercial vehicles.

Commercial Vehicle Steering System Market Scope
Report Coverage	Details
Page number	171
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 5.5%
Market growth 2023-2027	USD 3.80 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	5.0
Regional analysis	North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 41%
Key countries	US, Mexico, Canada, China, and Japan
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	ATS Automation Tooling Systems Inc., China Automotive Systems Inc., Global Steering Systems LLC, GreenSteering, Hitachi Ltd., HL Mando Co. Ltd., JTEKT Corp., Knorr Bremse AG, Mahindra and Mahindra Ltd., Mitsubishi Electric Corp., Nexteer Automotive Group Ltd., NSK Ltd., OGNIBENE POWER SPA, Pailton Engineering Ltd., R. H. Sheppard Co. Inc., Robert Bosch GmbH, ST System Truck Spa, thyssenkrupp AG, Unique Metal Products Inc., and ZF Friedrichshafen AG
Market dynamics	Parent market analysis, Market Forecasting, 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 Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
Precise estimation of the size of the market size and its contribution to the parent market
Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
Comprehensive market analysis and report on the factors that will challenge the market research and 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 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 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- 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 commercial vehicle steering system market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on global commercial vehicle steering system market 2017 - 2021 ($ million)

4.2 Application Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

4.3 Type Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

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 Light commercial vehicle - Market size and forecast 2022-2027
- Exhibit 34: Chart on Light commercial vehicle - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Light commercial vehicle - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Light commercial vehicle - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Light commercial vehicle - Year-over-year growth 2022-2027 (%)

6.4 Medium and heavy commercial vehicle - Market size and forecast 2022-2027
- Exhibit 38: Chart on Medium and heavy commercial vehicle - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Medium and heavy commercial vehicle - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Medium and heavy commercial vehicle - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Medium and heavy commercial vehicle - Year-over-year growth 2022-2027 (%)

6.5 Market opportunity by Application
- Exhibit 42: Market opportunity by Application ($ million)
- Exhibit 43: Data Table on Market opportunity by Application ($ million)

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 power steering - Market size and forecast 2022-2027
- Exhibit 48: Chart on Electronic power steering - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Data Table on Electronic power steering - Market size and forecast 2022-2027 ($ million)
- Exhibit 50: Chart on Electronic power steering - Year-over-year growth 2022-2027 (%)
- Exhibit 51: Data Table on Electronic power steering - Year-over-year growth 2022-2027 (%)

7.4 Electro-hydraulic power steering - Market size and forecast 2022-2027
- Exhibit 52: Chart on Electro-hydraulic power steering - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Data Table on Electro-hydraulic power steering - Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Chart on Electro-hydraulic power steering - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Electro-hydraulic power steering - Year-over-year growth 2022-2027 (%)

7.5 Hydraulic power steering - Market size and forecast 2022-2027
- Exhibit 56: Chart on Hydraulic power steering - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Data Table on Hydraulic power steering - Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Chart on Hydraulic power steering - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on Hydraulic power steering - Year-over-year growth 2022-2027 (%)

7.6 Market opportunity by Type
- Exhibit 60: Market opportunity by Type ($ million)
- Exhibit 61: Data Table on Market opportunity by Type ($ million)

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 2022-2027 (%)
- Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

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

9.3 North America - Market size and forecast 2022-2027
- Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.4 APAC - Market size and forecast 2022-2027
- Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.5 Europe - Market size and forecast 2022-2027
- Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027
- Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027
- Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 China - Market size and forecast 2022-2027
- Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)

9.10 Mexico - Market size and forecast 2022-2027
- Exhibit 95: Chart on Mexico - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on Mexico - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on Mexico - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on Mexico - Year-over-year growth 2022-2027 (%)

9.11 Canada - Market size and forecast 2022-2027
- Exhibit 99: Chart on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on Canada - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on Canada - Year-over-year growth 2022-2027 (%)

9.12 Japan - Market size and forecast 2022-2027
- Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 107: Market opportunity by geography ($ million)
- Exhibit 108: Data Tables on Market opportunity by geography ($ million)

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 2022 and 2027

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 ATS Automation Tooling Systems Inc.
- Exhibit 115: ATS Automation Tooling Systems Inc. - Overview
- Exhibit 116: ATS Automation Tooling Systems Inc. - Product / Service
- Exhibit 117: ATS Automation Tooling Systems Inc. - Key offerings

12.4 China Automotive Systems Inc.
- Exhibit 118: China Automotive Systems Inc. - Overview
- Exhibit 119: China Automotive Systems Inc. - Business segments
- Exhibit 120: China Automotive Systems Inc. - Key news
- Exhibit 121: China Automotive Systems Inc. - Key offerings
- Exhibit 122: China Automotive Systems Inc. - Segment focus

12.5 Global Steering Systems LLC
- Exhibit 123: Global Steering Systems LLC - Overview
- Exhibit 124: Global Steering Systems LLC - Product / Service
- Exhibit 125: Global Steering Systems LLC - Key offerings

12.6 GreenSteering
- Exhibit 126: GreenSteering - Overview
- Exhibit 127: GreenSteering - Product / Service
- Exhibit 128: GreenSteering - Key offerings

12.7 Hitachi Ltd.
- Exhibit 129: Hitachi Ltd. - Overview
- Exhibit 130: Hitachi Ltd. - Business segments
- Exhibit 131: Hitachi Ltd. - Key news
- Exhibit 132: Hitachi Ltd. - Key offerings
- Exhibit 133: Hitachi Ltd. - Segment focus

12.8 HL Mando Co. Ltd.
- Exhibit 134: HL Mando Co. Ltd. - Overview
- Exhibit 135: HL Mando Co. Ltd. - Product / Service
- Exhibit 136: HL Mando Co. Ltd. - Key offerings

12.9 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

12.10 Knorr Bremse AG
- Exhibit 142: Knorr Bremse AG - Overview
- Exhibit 143: Knorr Bremse AG - Business segments
- Exhibit 144: Knorr Bremse AG - Key news
- Exhibit 145: Knorr Bremse AG - Key offerings
- Exhibit 146: Knorr Bremse AG - Segment focus

12.11 Mahindra and Mahindra Ltd.
- Exhibit 147: Mahindra and Mahindra Ltd. - Overview
- Exhibit 148: Mahindra and Mahindra Ltd. - Business segments
- Exhibit 149: Mahindra and Mahindra Ltd. - Key news
- Exhibit 150: Mahindra and Mahindra Ltd. - Key offerings
- Exhibit 151: Mahindra and Mahindra Ltd. - Segment focus

12.12 Mitsubishi Electric Corp.
- Exhibit 152: Mitsubishi Electric Corp. - Overview
- Exhibit 153: Mitsubishi Electric Corp. - Key news
- Exhibit 154: Mitsubishi Electric Corp. - Key offerings

12.13 Nexteer Automotive Group Ltd.
- Exhibit 155: Nexteer Automotive Group Ltd. - Overview
- Exhibit 156: Nexteer Automotive Group Ltd. - Business segments
- Exhibit 157: Nexteer Automotive Group Ltd. - Key news
- Exhibit 158: Nexteer Automotive Group Ltd. - Key offerings
- Exhibit 159: Nexteer Automotive Group Ltd. - Segment focus

12.14 Robert Bosch GmbH
- Exhibit 160: Robert Bosch GmbH - Overview
- Exhibit 161: Robert Bosch GmbH - Business segments
- Exhibit 162: Robert Bosch GmbH - Key news
- Exhibit 163: Robert Bosch GmbH - Key offerings
- Exhibit 164: Robert Bosch GmbH - Segment focus

12.15 ST System Truck Spa
- Exhibit 165: ST System Truck Spa - Overview
- Exhibit 166: ST System Truck Spa - Product / Service
- Exhibit 167: ST System Truck Spa - Key offerings

12.16 thyssenkrupp AG
- Exhibit 168: thyssenkrupp AG - Overview
- Exhibit 169: thyssenkrupp AG - Business segments
- Exhibit 170: thyssenkrupp AG - Key offerings
- Exhibit 171: thyssenkrupp AG - Segment focus

12.17 ZF Friedrichshafen AG
- Exhibit 172: ZF Friedrichshafen AG - Overview
- Exhibit 173: ZF Friedrichshafen AG - Business segments
- Exhibit 174: ZF Friedrichshafen AG - Key news
- Exhibit 175: ZF Friedrichshafen AG - Key offerings
- Exhibit 176: ZF Friedrichshafen AG - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 177: Inclusions checklist
- Exhibit 178: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 179: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 180: Research methodology
- Exhibit 181: Validation techniques employed for market sizing
- Exhibit 182: Information sources

13.5 List of abbreviations
- Exhibit 183: 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 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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