Global Automotive Rack and Pinion Steering System Market 2019-2023 | Growing Adoption of EPS to Boost Growth | Technavio

Technavio has been monitoring the automotive rack and pinion steering system market and it is poised to grow by USD 7.33 bn during 2019-2023, progressing at a CAGR of over 4% 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.

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Technavio has announced its latest market research report titled Global Automotive Rack and Pinion Steering System Market 2019-2023 (Graphic: Business Wire)

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The market is concentrated, and the degree of concentration will accelerate during the forecast period. JTEKT Corporation, Knorr-Bremse AG, Nexteer Automotive Corporation, Robert Bosch GmbH, and ZF Friedrichshafen AG are some of the major market participants. 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.

Growing adoption of EPS has been instrumental in driving the growth of the market.

Automotive Rack and Pinion Steering System Market 2019-2023 : Segmentation

Automotive rack and pinion steering system market is segmented as below:

• Application
  • Passenger Cars
  • Commercial Vehicles
• Geographic Landscape
  • APAC
  • Europe
  • MEA
  • North America
  • South America

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Automotive Rack and Pinion Steering System Market 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 automotive rack and pinion steering system market report covers the following areas:

• Automotive Rack and Pinion Steering System Market Size
• Automotive Rack and Pinion Steering System Market Trends
• Automotive Rack and Pinion Steering System Market Industry Analysis

This study identifies increasing popularity of dual-pinion steering system as one of the prime reasons driving the automotive rack and pinion steering system market growth during the next few years.

Automotive Rack and Pinion Steering System Market 2019-2023 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the automotive rack and pinion steering system market, including some of the vendors such as TEKT Corporation, Knorr-Bremse AG, Nexteer Automotive Corporation, Robert Bosch GmbH, and ZF Friedrichshafen AG. Backed with competitive intelligence and benchmarking, our research reports on the automotive rack and pinion steering system market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Automotive Rack and Pinion Steering System Market 2019-2023 : Key Highlights

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

Table Of Contents :

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 APPLICATION

• Market segmentation by application
• Comparison by application
• Passenger cars - Market size and forecast 2018-2023
• Commercial vehicles - Market size and forecast 2018-2023
• Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

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

PART 09: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 10: MARKET TRENDS

• Increasing popularity of steer-by-wire system
• Increasing popularity of dual-pinion steering system
• Development of rack and pinion steering system with iHSA control module for HCVs

PART 11: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 12: VENDOR ANALYSIS

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

PART 13: APPENDIX

• Research methodology
• List of abbreviations

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View source version on businesswire.com: https://www.businesswire.com/news/home/20200412005001/en/