Albany, NY -- (SBWire) -- 07/22/2016 --Automotive steering systems have evolved from being rigid to being more flexible, technologically advanced and reliable, smooth, and easy to use. Present day automotive steering systems provide enhanced stability and agility. Rising demand for automobiles is also contributing to market growth. Furthermore, the introduction of steer-by-wire technology in automotive steering systems is expected to propel market growth.
The global automotive steering system market grow at a CAGR of 5.89% over the period 2014-2019. Based on type, the global automotive steering system market can be segmented into manual steering and power steering.
Technavio's report, Global Automotive Steering System Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, the Americas, and EMEA; it also covers the global automotive steering system landscape and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.
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Key regions
- Americas
- APAC
- EMEA
Key vendors
- JTEKT
- Mando
- Nexteer Automotive
- NSK
- Thyssenkrupp Presta
- Robert Bosch
Other prominent vendors
- Anhui Finetech Automobile
- Atmel
- AVIC-Xinhang Yubei Steering System
- China Automotive Systems
- Chongqing Changfeng Machinery
- Denso
- Douglas Autotech
- Fawer Automotive Parts
- Guangzhou New Air Autoparts
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Key Questions Answered in this Report:
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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Global Automotive Steering System Market Anticipated to Rise at a CAGR of 5.89% over 2015-2019
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