Power steering

5.06% CAGR to be Recorded in Automotive Rack And Pinion Steering System Market between 2022 and 2027, 17,000+ Technavio Research Reports

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Monday, January 22, 2024
Electro, Passenger, Power steering, Steering column, Hydraulics, Component, Car, Vehicle dynamics, Developed country, Industrialisation, Rack, Growth, Commercial vehicle, ATV, EPS, Safety, Original equipment manufacturer, USD, Telephone numbers in Hungary, Pinion, Rack and pinion, Electronic, Automotive safety, Rail transport

NEW YORK, Jan. 21, 2024 /PRNewswire-PRWeb/ -- The automotive rack and pinion steering system market is estimated to grow by USD 5.25 billion from 2023 to 2027. The market is estimated to grow at a CAGR of  5.06% during the forecast period. However, the growth momentum will progress. The report is segmented the market based on Application (Passenger car and Commercial Vehicle), Type (Electronic, Electro-hydraulic, Hydraulic, and Manual ), and Geography (APAC, North America, Europe, South America, and the Middle East and Africa). 

Key Points: 
  • The report provides actionable insights and estimates the contribution of all regions to the growth of the global automotive rack and pinion steering system market.
  • This development reflects the industry's commitment to advancing Automotive Steering Systems, including Rack and Pinion, Power Steering, Steering Gear, and Steering Mechanism.
  • Growth of the Automotive Rack And Pinion Steering System Market industry across APAC, North America, Europe, South America, and Middle East and Africa
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  • The commercial vehicle steering system market size is estimated to grow at a CAGR of 5.5% between 2022 and 2027.

What's New: 2024 Lexus RZ

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Tuesday, December 19, 2023
Dark, Caviar, Dynamics, NUMMI, ASC, Electrification, LDA, CCS, Apple, CATL, ChargePoint, MCU, Smartphone, Traction, Radar, Vein, Lexus RX, EPS, Adaptive cruise control, Atmosphere, Multimedia, LTA, BEV, Golf, Electronic stability control, Macpherson, USB, Copper, Signature, Human, FRD, Light, Rigidity, App, Wi-Fi, Freezing, Travel, RZ, Integration, NX, FWD, Power steering, HD, PVM, Intelligence, Android, Weather, EPA, Noise, Tablet, AWD, RSA, EV, PCS, MID, Illumination, Sale, HUD, Glass, Wind, LX, POI, CCS1, ECU, PDA, Temperature, Water, RX, Torque, Urethane, Amazon Music, Road

PLANO, Texas, Dec. 19, 2023 /PRNewswire/ -- After ushering in a new era of Lexus Electrified in January 2023 as the first all-electric vehicle in the brand's lineup, the Lexus RZ sees several updates in 2024, including an all-new option – the RZ 300e with FWD.

Key Points: 
  • PLANO, Texas, Dec. 19, 2023 /PRNewswire/ -- After ushering in a new era of Lexus Electrified in January 2023 as the first all-electric vehicle in the brand's lineup, the Lexus RZ sees several updates in 2024, including an all-new option – the RZ 300e with FWD.
  • Lexus' identifiable spindle grille is replaced by the Lexus spindle body, as introduced with the 2023 Lexus RX, showcasing a distinctive roof spoiler to suppress aerodynamic force.
  • For 2024, the RZ comes equipped with a new dual-voltage charging cable for 120V and 240V outlets.
  • The Lexus Reserve program will continue to provide RZ customers with an exclusive complimentary rental service to anyone who purchases/leases a 2023 or 2024 RZ.

Global Automotive Steering System Market Analysis 2023-2028 - OEMs Dominate the Sales Channel, Prioritizing Safety and Efficiency - ResearchAndMarkets.com

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Monday, December 18, 2023
Vehicle Technology, Automotive, Power steering, Pressure, Safety, Disposable and discretionary income, Weight, Mitsubishi Electric, Advanced driver-assistance system, NSK Ltd., EPS, HPS, ThyssenKrupp, Nexteer Automotive, Hyundai Mobis, OEM, Automation, NSK, Semiconductor, ZF, Diagnosis, Power, Growth, Original equipment manufacturer, ADAS, Car, Lifestyle, Knowledge, Hyundai, Transport, Rail transport, Manual

Consumers are seeking advanced safety, comfort, and innovative steering system technologies in passenger vehicles, driving the demand for these systems.

Key Points: 
  • Consumers are seeking advanced safety, comfort, and innovative steering system technologies in passenger vehicles, driving the demand for these systems.
  • OEMs Dominate Sales: Original Equipment Manufacturers (OEMs) dominate the sales channel, as they prioritize safety and efficiency.
  • Asia Pacific Leads Growth: Asia Pacific is the leading region in the automotive steering system market, with China as its strongest market.
  • The growth of the automotive steering system market is closely tied to the sales and production of automotive vehicles.

Magnachip Commences Full-Scale Mass Production of New 30V MXT LV MOSFET for Electric Power Steering Systems

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Monday, December 18, 2023
MXT, NYSE, Écu, AEC, Electronic control unit, EPS, MOSFET, Noise, Temperature, Power steering, Electric power

Developed with highly rugged trench MOSFET technology, the new 30V MXT LV MOSFET ensures a stable power supply for electric power steering

Key Points: 
  • Developed with highly rugged trench MOSFET technology, the new 30V MXT LV MOSFET ensures a stable power supply for electric power steering
    SEOUL, South Korea, Dec. 18, 2023 /PRNewswire/ -- Magnachip Semiconductor Corporation ("Magnachip" or "Company") (NYSE: MX) announced today that the Company has begun full-scale mass production of its new 30V MXT LV Metal-Oxide-Semiconductor Field-Effect Transistors (MOSFETs)* used in Electronic Control Units (ECUs) of Electric Power Steering (EPS) systems.
  • This MOSFET product is being used by a global automaker.
  • The new 30V MXT LV MOSFET provides a stable power supply to EPS, assisting a vehicle's directional control through an electric motor.
  • "Magnachip's new compact and highly reliable MOSFET for EPSs showcases our differentiated technological capabilities," said YJ Kim, CEO of Magnachip.

Global Automotive Steering System Market Analysis and Forecasts to 2028 - Steer-by-Wire Technology is a Major Trend Gaining Momentum

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Thursday, November 30, 2023
Pressure, Safety, Weight, Advanced driver-assistance system, EPS, Automation, OEM, Semiconductor, Diagnosis, Growth, Original equipment manufacturer, ADAS, Car, Knowledge, Power steering, Transport, Rail transport

The global automotive steering system market in 2022 stood at US$31.38 billion, and is likely to reach US$42.46 billion by 2028.

Key Points: 
  • The global automotive steering system market in 2022 stood at US$31.38 billion, and is likely to reach US$42.46 billion by 2028.
  • The global automotive steering system market value is projected to grow at a CAGR of 5.27%, during the forecast period of 2023-2028.
  • The growth of the automotive steering system market is closely tied to the sales and production of automotive vehicles.
  • Trends: Steer-by-wire technology is a major trend gaining momentum in the automotive steering system market.

Revolutionizing Vehicle Control: Global Power Steering Market Poised for Remarkable Growth with Adoption of Advanced Steering Systems - ResearchAndMarkets.com

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Thursday, November 2, 2023
Vehicle Technology, Automotive, General Automotive, Automotive Manufacturing, Other Automotive, Manufacturing, Car, Education minister, Comfort, ADAS, Motor & Equipment Manufacturers Association, Original equipment manufacturer, Maintenance, EMI, Growth, EPS, Torque, Points of the compass, Electronics, USD, Safety, EVS, Power steering, Workload, Compound annual growth rate, Electromagnetic interference, Rail transport, Transport, Renewable energy

The automotive steering system, a critical component governing vehicle motion, has evolved from manual to power-assisted steering, enhancing vehicle control.

Key Points: 
  • The automotive steering system, a critical component governing vehicle motion, has evolved from manual to power-assisted steering, enhancing vehicle control.
  • As the demand for vehicles grows, so does the need for steering systems, resulting in intense competition in the market.
  • Adoption of Power Steering Systems: The shift from manual to power steering systems has significantly impacted the automotive industry.
  • Power Steering Systems' Cost Factor: While power steering systems offer benefits, their higher cost compared to manual systems, attributed to components like electric motors and hydraulic pistons, can affect overall vehicle pricing.

Meeting the Demand for Driving Comfort: Surge in Vehicle Sales Propels Growth in the Global Power Steering Market

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Friday, November 3, 2023
Car, Education minister, Comfort, ADAS, Motor & Equipment Manufacturers Association, Original equipment manufacturer, Maintenance, EMI, Growth, EPS, Torque, Points of the compass, Electronics, USD, Safety, EVS, Power steering, Workload, Compound annual growth rate, Electromagnetic interference, Rail transport, Transport, Renewable energy

The automotive steering system, a critical component governing vehicle motion, has evolved from manual to power-assisted steering, enhancing vehicle control.

Key Points: 
  • The automotive steering system, a critical component governing vehicle motion, has evolved from manual to power-assisted steering, enhancing vehicle control.
  • As the demand for vehicles grows, so does the need for steering systems, resulting in intense competition in the market.
  • Increase in Demand for Automobiles: The persistent growth in the automobile market, especially in developing nations such as India, China, and Brazil, is driving the demand for steering systems.
  • Adoption of Power Steering Systems: The shift from manual to power steering systems has significantly impacted the automotive industry.

WHAT'S NEW: 2024 LEXUS LX 600

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Tuesday, October 24, 2023
AHC, Interface, App, Self-levelling suspension, ESA, The White Pearl, AEB, EPS, Risk, GA, MIDH, Power steering, RSA, VIP, Lens flare, Direct, Sale, Torso, Human, Head, United States Secretary of Labor, Electronically controlled brake, Traction, Safety, LDA, Motion, User interface, Human–machine system, OTA, Onyx, Interest, Acceleration, Control, PCS, LSD, Torque, Sensation, FCW, LTA, AVS, Movement, Collision avoidance system, Ultra, Standstill, L4, ECB, DC, System, SUV, HMI, USB, LX, Environment, MID, Human voice, Auto, High-output heart failure, V6, MIDL, Road, Television, Interior design, Electric motor, Hydraulic machinery, Instrumentation, Rail transport, Rolling (metalworking), Telescopic sight, Mobile phone, Sand, Caviar, Lexus

The 2024 LX 600 carries over the updates and improvements from 2024.

Key Points: 
  • The 2024 LX 600 carries over the updates and improvements from 2024.
  • The 2024 LX 600 maintains the GA-F platform introduced in 2022, which increased body rigidity to achieve a smooth composure and superior comfort level, according to Lexus Driving Signature.
  • The LX comes standard with Lexus Safety System+ 2.5, which brings a suite of key active safety features to the vehicle.
  • The 2024 LX 600 will go on sale by the end of 2023.

Yamaha Unveils 2024 Proven Off-Road ATV and Side-by-Side Lineup

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Wednesday, July 26, 2023
Shift, Zilla, Midnight, Marketing, Electricity, Grand National Cross Country, Collection, SxS, SE, Ageing, CVT, Fatigue, Real, Maintenance, MSRP, Noise, Torque, DOHC, Wolverine, LED, Work, Aptitude, Copper, Yamaha Grizzly 600, SQ, Raptor, System, Longevity, White, Social media, FOX, ATV, Utility, Realtree Outdoors, Power steering, XT, Limited Edition, VRX, Maxxis, Metallic, WARN, Table tennis rubber, Special edition, YXZ, Ultramatic, SS, Ultra, EPS, SOHC, Tissue paper, Amusement park, Lobster, Dredging, Hydraulic machinery, Rail transport, Telescopic sight, Cassette tape, Electric motor, Catering, Instrumentation, Phonograph record, Silver, Grizzly bear, Vikings, Titan, Cyan, Yamaha

The 2024 Yamaha Wolverine X2 1000 is available at Yamaha dealers nationwide, starting at a $17,999 MSRP for the R-Spec trim in White and Armor Gray.

Key Points: 
  • The 2024 Yamaha Wolverine X2 1000 is available at Yamaha dealers nationwide, starting at a $17,999 MSRP for the R-Spec trim in White and Armor Gray.
  • The 2024 YXZ1000R and YXZ1000R SS are available at Yamaha dealers nationwide starting at a $20,899 MSRP in Team Yamaha Blue.
  • 2024 Recreational and Utility ATV Lineup: Grizzly, Kodiak 700, and Kodiak 450
    Yamaha introduces the 2024 Recreational and Utility ATV lineup, designed to excel in a wide range of applications from heavy-duty ranch and farm work to exhilarating off-road adventures.
  • Embark on your adventure and learn more about Yamaha's 2024 Proven Off-Road lineup at YamahaOutdoors.com or by visiting your local Yamaha dealer.

Yamaha Unleashes the 2024 YXZ1000R SS, Redefining Pure Sport Performance with All-New Auto-Shift Technology and 6-Speed Transmission

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Wednesday, July 26, 2023
Shift, FOX, Travel, MSRP, Noise, Marketing, Sport auto (Germany), VRX, Electricity, WARN, YXZ, Adventure, Power steering, Assemble, SS, SxS, Proven, EPS, YCC, Revolutions per minute, Social media, Telescopic sight, Hydraulic machinery, Cassette tape, Electric motor, Titan, Yamaha

The highlight of the 2024 YXZ1000R SS is Yamaha's exclusive Auto-Shift Technology, featuring three modes of direct-connection, conveniently accessible via a dash-mounted dial.

Key Points: 
  • The highlight of the 2024 YXZ1000R SS is Yamaha's exclusive Auto-Shift Technology, featuring three modes of direct-connection, conveniently accessible via a dash-mounted dial.
  • The new YXZ1000R SS also showcases increased accessory integration with a higher electrical output and added accessory ports and plugs.
  • The technology offers three user-selected modes: Auto, Sport Auto, and Sport Shift, catering to different driving preferences and terrains.
  • The 2024 YXZ1000R and YXZ1000R SS are available at Yamaha dealers nationwide starting at a $20,899 MSRP in Team Yamaha Blue.