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Stringent Fuel Efficiency Norms Driving Adoption of Advanced Automotive Steering Systems - ResearchAndMarkets.com

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Monday, June 28, 2021

The "Automotive Steering System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Electronic Power Steering, Hydraulic Power Steering, and Electro-Hydraulic Power Steering) and Vehicle Type (Passenger Cars and Commercial Vehicles)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Automotive Steering System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Electronic Power Steering, Hydraulic Power Steering, and Electro-Hydraulic Power Steering) and Vehicle Type (Passenger Cars and Commercial Vehicles)" report has been added to ResearchAndMarkets.com's offering.
  • The automotive industry has reacted to the global demand to reduce emissions by accelerating the electrification of several typically mechanical systems.
  • Electronic power steering systems have many advantages over their hydraulic counterparts, including reduced weight, maintenance, and fuel consumption, as well as improved variable steering response at various speeds.
  • Similarly, Nexteer Automotive Corporation also introduced EPS that ensures safety through driver assistance by the integration ADAS systems with the electronic power steering systems.

Worldwide Automotive Power Steering Systems Industry to 2028 - Players Include Hyundai Mobis, Mando and Daimler Among Others - ResearchAndMarkets.com

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Monday, January 11, 2021

The basic components of an automotive steering system include a steering wheel, steering column, universal joints, rack & pinion mechanism, and another control mechanism.

Key Points: 
  • The basic components of an automotive steering system include a steering wheel, steering column, universal joints, rack & pinion mechanism, and another control mechanism.
  • Over the period of time, the overall automotive steering systems industry has witnessed a paradigm shift, in terms of the operating mechanism.
  • The overall automotive power steering systems market is primarily driven by the consistently growing automotive industry worldwide.
  • Moreover, phasing out manual steering systems is another major factor propelling the demand for power steering systems.

Hydraulic Steering System Market - Post Pandemic Recovery Plan, Strategies, and Processes | High Penetration in Commercial Vehicles to Boost Market Growth | Technavio

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Friday, October 16, 2020

The hydraulic steering system market growth is expected to reduce by 3.13 million units during 2020-2024.

Key Points: 
  • The hydraulic steering system market growth is expected to reduce by 3.13 million units during 2020-2024.
  • These factors are increasing the penetration of hydraulic power steering systems in commercial vehicles, which is driving the growth of the market.
  • Such improvements are expected to have a positive impact on the growth of the global hydraulic steering system market during the forecast period.
  • The APAC region led the hydraulic steering system market in 2019, followed by North America, Europe, South America, and MEA respectively.

Global Hydraulic Steering System Market to 2026: Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities

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Thursday, October 17, 2019

DUBLIN, Oct. 17, 2019 /PRNewswire/ -- The "Hydraulic Steering System - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Oct. 17, 2019 /PRNewswire/ -- The "Hydraulic Steering System - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
  • The increasing demand for automobile, increased demand for smooth driving and the rise of emerging markets are the key driving factors for the market growth.
  • However, rise in car share option is a factor hindering the market growth.
  • Hydraulic power steering systems work by using a hydraulic system to multiply force applied to the steering wheel inputs to the vehicle's steered (usually front) road wheels.

Global Hydraulic Steering System Market Outlook Report 2017-2019 & 2026 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, October 2, 2019

The "Hydraulic Steering System - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Hydraulic Steering System - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
  • The Global Hydraulic Steering System Market is expected to grow at a CAGR of 7.2% during the forecast period.
  • The increasing demand for automobile, increased demand for smooth driving and the rise of emerging markets are the key driving factors for the market growth.
  • Hydraulic power steering systems work by using a hydraulic system to multiply force applied to the steering wheel inputs to the vehicle's steered (usually front) road wheels.