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Global Light-duty Truck Steering System Market 2019-2023

  • Published: Feb 2019
  • Pages: 139
  • SKU: IRTNTR30835
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The global light-duty truck steering system market size will grow by USD 2.12 billion during 2019-2023. This report provides a detailed analysis of the market based on segmentation by type (EPS, HPS, and EHPS) and geography (the Middle East and Africa, APAC, Europe, North America, and South America). The report analyzes the market’s competitive landscape and offers information on several light-duty truck steering system companies including Bosch GmbH, JTEKT Corporation, Knorr-Bremse AG, Nexteer Automotive, thyssenkrupp AG, and ZF Friedrichshafen AG.

Some of the key findings from our light-duty truck steering system market forecast report are summarized below

light-duty truck steering system

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Global light-duty truck steering system industry overview

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.

Top light-duty truck steering system companies covered in this market research report

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:

  • Bosch GmbH
  • JTEKT Corporation
  • Knorr-Bremse AG
  • Nexteer Automotive
  • thyssenkrupp AG
  • ZF Friedrichshafen AG

Light-duty truck steering system market segmentation based on type

  • EPS
  • HPS
  • EHPS

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.

Light-duty truck steering system market segmentation based on geographic region

  • The Middle East and Africa
  • APAC
  • Europe
  • North America
  • South America

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.

Key highlights of the global light-duty truck steering system market for the forecast years 2019-2023:

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of the light-duty truck steering system market during the next five years
  • Precise estimation of the global light-duty truck steering system market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the light-duty truck steering system industry across the Middle East and Africa, APAC, Europe, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details of factors that will challenge the growth of light-duty truck steering system companies

 

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY TYPE

  • Market segmentation by type
  • Comparison by type
  • EPS - Market size and forecast 2018-2023
  • HPS - Market size and forecast 2018-2023
  • EHPS - Market size and forecast 2018-2023
  • Market opportunity by type

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Middle East and Africa - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 10: TRENDS

  • Steer-by-wire technology to gain adoption in light-duty trucks
  • Integration of electronics and safety systems in steering system
  • Development of independent wheels steering system

PART 11: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 12: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Bosch GmbH
  • JTEKT Corporation
  • Knorr-Bremse AG
  • Nexteer Automotive
  • thyssenkrupp AG
  • ZF Friedrichshafen AG

PART 13: APPENDIX

  • Research methodology
  • 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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT 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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