Los Angeles, CA -- (SBWire) -- 02/19/2019 --In automobiles, power steering is a device that helps drivers steer by augmenting steering effort of the steering wheel.
The passenger cars segment accounted for the major shares of the automotive steering pump market. Factors such as the increased demand for passenger cars in the developing countries such as China, India, Indonesia, Mexico, and Thailand will contribute to the growth of this industry segment in the coming years.
In terms of geographic regions, APAC will be the major revenue contributor to the automotive steering pump market throughout the forecast period. The rising disposable incomes of middle-class families, increased initiatives to lower the carbon emissions and improve the fuel efficiency of vehicles will drive the market growth in the region.
The global Automotive Steering Pumps market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Automotive Steering Pumps volume and value at global level, regional level and company level. From a global perspective, this report represents overall Automotive Steering Pumps market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
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At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Bosch
Nexteer
ZF
JTEKT Corporation
Aisin Seiki
Denso
Delphi
Johnson Electric
GKN Group
Magna
Melling Tool Company
Hitachi Automotive Systems Americas
ATS Automation Tooling Systems
Segment by Type
Mechanical Hydraulic Power Steering
Electronic Hydraulic Power Steering
Electric Power Steering
Segment by Application
Passenger Cars
Commercial Vehicles
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Automotive Steering Pumps Market Is Growing at a CAGR from 2019 to 2025
QY Research has published the new industry research report focuses on Global major leading players with information such as company profiles, product picture, future road map, opportunities and investment.