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Some of the key findings from our light-duty truck steering system market forecast report are summarized below
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
The demand for light-duty trucks is increasing especially in emerging countries such as India and countries in South America and Eastern Europe. Robust GDP growth and expanding manufacturing activities will increase the demand for transportation and logistics in India which in turn will drive the demand for light-duty trucks. In Eastern Europe, better road infrastructure is expected to contribute to the high demand for light-duty trucks. With increasing sales of light-duty trucks, the demand for a light-duty truck steering system is also bound to grow during the next five years.
Steer-by-wire technology in light-duty truck steering system helps in enhancing the handling and safety of light-duty trucks by removing the physical connection between the steering wheel and steering system. The steer-by-wire system also offers better reliability, performance, and fuel efficiency than the conventional steering system. The easy implementation and low production costs of these systems will further boost its adoption in light duty trucks. Although the use of steer-by-wire technology in light-duty trucks is in the nascent stage, its adoption is expected to increase in the coming years and drive the growth of the light-duty truck steering system at a CAGR of almost 6% during the forecast period.
The global light-duty truck steering system market is highly concentrated. To help clients improve their revenue shares in the market, this research report provides an analysis of the market’s competitive landscape and offers information on the products offered by various leading companies. Additionally, this light-duty truck steering system market analysis report suggests strategies companies can follow and recommends key areas they should focus on, to make the most of upcoming growth opportunities.
The report offers a detailed analysis of several leading companies, including:
The EPS segment will account for the highest light-duty truck steering system market share because of its rising adoption in light-duty trucks. This report provides an accurate prediction of the contribution of all the segments to the growth of the light-duty truck steering system market size.
With a complete study of the growth opportunities for the companies, it has been identified that North America will account for the highest share of the light-duty truck steering system market throughout the forecast period. The growing perception of pickup trucks as a lifestyle choice and replacement of aging light-duty truck fleets with newer models are some of the factors contributing to light-duty truck steering system market growth in this region.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY TYPE
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DRIVERS AND CHALLENGES
PART 10: TRENDS
PART 11: VENDOR LANDSCAPE
PART 12: VENDOR ANALYSIS
PART 13: APPENDIX
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