Commercial Vehicle Steering System | Demand for M&HCVs for Transporting Freight to Boost Growth | Technavio

Technavio has been monitoring the commercial vehicle steering system and it is poised to grow by USD 6.55 mn units during 2019-2023, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Request latest free sample report of 2020-2024

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200316005516/en/

Technavio has announced its latest market research report titled Global Commercial Vehicle Steering System Market 2019-2023 (Graphic: Business Wire)

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The demand for M&HCVs for transporting freight will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Demand for M&HCVs for transporting freight has been instrumental in driving the growth of the market.

Commercial Vehicle Steering System 2019-2023: Segmentation

Commercial Vehicle Steering System is segmented as below:

Application

• LCV
• M&HCV

Geographic Segmentation

• Americas
• APAC
• EMEA

To learn more about the global trends impacting the future of market research, download latest free sample report of 2020-2024: https://www.technavio.com/talk-to-us?report=IRTNTR30128

Commercial Vehicle Steering System 2019-2023: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our commercial vehicle steering system report covers the following areas:

• Commercial Vehicle Steering System Size
• Commercial Vehicle Steering System Trends
• Commercial Vehicle Steering System Industry Analysis

This study identifies continuous advances in automotive steering technology as one of the prime reasons driving the commercial vehicle steering system growth during the next few years.

Commercial Vehicle Steering System 2019-2023: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the commercial vehicle steering system, including some of the vendors such as Bosch, JTEKT, Knorr-Bremse, Nexteer Automotive and thyssenkrupp. Backed with competitive intelligence and benchmarking, our research reports on the commercial vehicle steering system are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Commercial Vehicle Steering System 2019-2023: Key Highlights

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will assist commercial vehicle steering system growth during the next five years
• Estimation of the commercial vehicle steering system size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behaviour
• The growth of the commercial vehicle steering system
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of commercial vehicle steering system vendors

Table of Content:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

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 APPLICATION

• Market segmentation by application
• Comparison by application
• LCV - Market size and forecast 2018-2023
• M&HCV - Market size and forecast 2018-2023
• Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic segmentation
• Geographic comparison
• Americas - Market size and forecast 2018-2023
• APAC - Market size and forecast 2018-2023
• EMEA - Market size and forecast 2018-2023
• Key leading countries
• Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 11: MARKET TRENDS

• Continuous advances in automotive steering technology
• Growing pursuit of EHPS in heavy commercial vehicles
• Increasing penetration of steer-by-wire technology
• Innovation in bus steering systems

PART 12: VENDOR LANDSCAPE

• Overview
• Landscape disruption

PART 13: VENDOR ANALYSIS

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

PART 14: APPENDIX

• Research methodology
• List of abbreviations

PART 15: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200316005516/en/