Albany, NY -- (SBWIRE) -- 05/22/2017 -- Hydraulic steering includes conventional rack and pinion steering, uses hydraulic pressure from the engine pump, and is used to help the motion of the steering wheel. It is predominantly used in heavy commercial vehicles.

The global hydraulic steering system market to grow at a CAGR of 1.72% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global hydraulic steering system market for 2017-2021. To calculate the market size, the report considers the new installations and sales volume of passenger cars, LCVs, and M&HCVs.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Technavio's report, Global Hydraulic Steering System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- ZF Friedrichshafen
- GKN
- Nexteer Automotive
- ThyssenKrupp

Other prominent vendors
- ATS
- JTEKT
- Robert Bosch
- thyssenKrupp Presta
- Hyundai Mobis
- Mando

Market driver
- High penetration of hydraulic power steering in commercial vehicles
- For a full, detailed list, view our report

Market challenge
- Increasing penetration of EPS system
- For a full, detailed list, view our report

Market trend
- Growing pursuit of EHPS in heavy commercial vehicles
- For a full, detailed list, view our report

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Key questions answered in this report
- What will the market size be in 2021 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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