Below are some of the key findings from the automotive active rear axle steering market research report
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Global automotive active rear axle steering industry overview
The growing demand for SUV and pickup trucks is a major factor driving the automotive active rear axle steering market growth. Active rear axle steering technology is expected to be heavily adopted in SUVs and pick-up trucks due to their large size. The global SUV market is growing substantially due to the emergence of small and crossover SUVs. Similarly, pick-up trucks have undergone several innovations in recent years, which has led to significant growth in pick-up trucks market. This, in turn, is boosting the demand for automotive active rear axle steering and driving the market growth.
The growing use of active wheel safety systems for safer driving is one of the most crucial automotive active rear axle steering market trends. OEMs and suppliers are focusing heavily on manufacturing vehicles that can assist drivers and protect vehicles from an accident. Features like hydraulic brake boosters can reduce the effort applied to stop a vehicle by providing power assistance to the driver. Such advanced safety systems are expected to drive the future of the automotive industry, by improving vehicle safety. The automotive active rear axle steering market forecast report predicts that fueled by these factors, the market will grow at a CAGR of almost 7% during the forecast period.
Top automotive active rear axle steering companies covered in this market research report
The automotive active rear axle steering market is highly concentrated. The market will enter the growth stage at the end of the forecast period and will create growth opportunities for market players. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this automotive active rear axle steering industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of various companies including:
- Bosch
- PARAVAN
- Paul Nutzfahrzeuge
- Valeo
- ZF Friedrichshafen
Automotive active rear axle steering market segmentation based on geographic regions
- Americas
- APAC
- EMEA
Global automotive active rear axle steering market analysis reveals that EMEA will lead the automotive active rear axle steering market share, and account for highest market growth throughout the forecast period.
Automotive active rear axle steering market segmentation based on technology
- Single actuator
- Dual actuator
The single actuator segment will lead the automotive active rear axle steering market share. Dual actuator technology will account for highest automotive active rear axle steering market growth during the forecast period. Additionally, the report also provides an accurate prediction of the contribution of the various technologies to the growth of the automotive active rear axle steering market size.
Key highlights of the global automotive active rear axle steering market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the automotive active rear axle steering market during the next five years
- Precise estimation of the global automotive active rear axle steering market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive active rear axle steering industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of automotive active rear axle steering companies
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