Global Automotive Power Steering Gears Market Overview:
The automotive power steering gear is an essential part of a vehicle’s steering system. The rotary motion of the steering wheel is converted into straight line motion of the linkage by the power steering gears. Moreover, these gears provide the reliability of lower operating temperatures and offer a comfortable steering experience hence, the global market for the automotive power steering gears will witness a significant growth during the forecast period
- Growing Penetration of Utility Vehicles
- Reduced Cost of Production and Better Handling and Safety
- Increasing Penetration of Steer-by-Wire Technology
- Higher Cost of EPS as Compared to Traditional Steering Systems
- Surging Demand for the Commercial Vehicles will Boost the Automotive Power Steering Gears Market
- Handling and Maintenance Charges Associated with Replacement of Automotive Power Steering Gears
Some of the key players profiled in the report are ThyssenKrupp AG (Germany), GKN (United Kingdom), ZF Friedrichshafen (Germany), Robert Bosch GmbH (Germany), Nexteer Automotive (United States), ATS Automation Tooling Systems Inc. (Canada), JTEKT Corporation (Japan), Showa Corporation (Japan), Mando Automotive India Private Limited (India) and Continental (Germany). Additionally, following companies can also be profiled that are part of our coverage like Dana Incorporated (United States), Rane Group (India) and Delphi (United Kingdom). Analyst at AMA Research see German Vendors to retain maximum share of Global Automotive Power Steering Gears market by 2025. Considering Market by Component, the sub-segment i.e. Rack and pinion gear will boost the Automotive Power Steering Gears market.
On 7 Jan 2019, Transdev, a leading operator and global integrator of mobility solutions, is partnering with ZF and e.GO, a manufacturer of electric vehicles to develop a new shared mobility solution by integrating the autonomously driven e.GO Mover shuttle with the operating System by Transdev. The e.GO Moove GmbH joint venture (which partners e.GO and ZF) is providing the e.GO, Mover, a fully electric, connected, and automated shuttle.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automotive Power Steering Gears market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Automotive Power Steering Gears market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of automotive power steering gear, Suppliers of automotive power steering gear parts, Wholesalers, distributers and retailers of automotive power steering gear, Automotive industry, Governmental bodies, Worldwide automobile associations and Legal and regulatory authorities.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.