Scope of the Study
The power steering pump is also known as vane pump. It is controlled by the crank shaft with the help of pulley and belt. Power steering pump converts the rotational energy to hydraulic energy, flow and pressure. It also pushes the oil to the power steering system which act as a lever during steering. Power steering helps driver to steer with lesser efforts. Moreover, the sales of power steering pump is directly correlated to the sales of vehicle.
The market study is being classified by Type (Vane automotive power steering pump, Roller automotive power steering pump and Slipper automotive power steering Pump) and major geographies with country level break-up.
Bosch (Germany), Hitachi (Japan), ZF (Germany), Denso (Japan), Nexteer (United States), TRW (United States), JTEKT (Japan), Melling (United Kingdom), ACDelco (United States) and BBB Industries (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Lares Corporation (United States).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Power Steering Pumps market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Power Steering Pumps market by Type, Application and Region.
On the basis of geography, the market of Power Steering Pumps has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising production of power assisted steering column
- Rising innovations related to the steering systems
- Increasing adoption of electronic power systems
- Rising disposable income is leading to increase in sales of automobile which is increasing the growth of power steering pumps
- Need of regular maintenance of power steering
Market Leaders and their expansionary development strategies
In March 2018, ZF has signed an agreement to acquire WABCO which is a supplier of braking control systems, technologies and services. This acquisition will create an added value to ZF’s commercial vehicle customers.
Key Target AudienceManufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
Customization in the Report Available:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase