Automotive Power Steering Systems Market (Product Type – Hydraulic Power Steering (HPS), Electric Power Steering (EPS) and Electro-Hydraulic Power Steering (EHPS); Vehicle Class – Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV) and Off-road Vehicles; End-market – OEMs and Aftermarket Sales) – Growth, Future Prospects and Competitive Analysis, 2017 – 2025, the global automotive power steering systems market is estimated to hit US$ 35 Bn by 2025.
Browse Full Report Visit :- http://www.acutemarketreports.com/report/automotive-power-steering-systems-market
The automotive power steering systems have undergone rapid advancement since the past few decades. Consistently rising automotive sales worldwide has forced the automotive vehicles as well as components manufacturers to introduce advanced auto parts so as to make driving more comfortable, safe and efficient. This has steadily led to reduced use of manual steering systems. Today, most of the vehicles manufactured worldwide are installed with power steering systems, leading to strong demand from the automotive industry.
The overall automotive power steering systems market is primarily driven by the consistently rising automotive industry worldwide. The automotive industry, especially in developed economies like North America and Western Europe witnessed a gradual slowdown in the beginning of this decade owing to unstable economic conditions. However, with financial markets showing economic stability, the automotive industry in these regions is poised to regain its original growth levels, offering the necessary push to the market growth, especially during the first half of the forecast period. This, in turn is expected to have positive impact of the growth of the automotive power steering systems market.
Even though the economic instability had relatively less effect on the Asia Pacific automotive industry, the automotive market experienced moderately sluggish growth during the slack period. Apart from China, all other leading markets including India, Japan, Indonesia and Thailand exhibited inconsistent growth in automotive production during the period 2011 – 2016. However, each of these countries witnessed a positive growth rate in production between 2011 and 2016.
The overall automotive power steering systems market is categorized on the basis of steering type, vehicle class and end market. Based on the steering types, the market is classified into hydraulic power steering (HPS), electric power steering (EPS) and electro-hydraulic power steering (EHPS) system. The market is categorized, based vehicle class, into passenger cars, light commercial vehicles (LCV), heavy commercial vehicles (HCV) and off-road vehicles. As of 2016, the market is led by the passenger vehicles segment, accounting for more than forty percent of the total market revenue generated worldwide. Further, on the basis of end-markets, the market is segmented into original equipment manufacturers (OEMs) and aftermarket sales.
TOC Of This Reports : http://www.acutemarketreports.com/report/automotive-power-steering-systems-market
• Growing efforts towards development of steer-by-wire steering systems
• Developing steering systems for off-road vehicles
• Introduction of electronic elements for enhanced vehicle control
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.5 Approach Adopted
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Automotive Power Steering Systems Market
2.2 Global Automotive Power Steering Systems Market, By Product Type
2.3 Global Automotive Power Steering Systems Market, By Vehicle Class
2.4 Global Automotive Power Steering Systems Market, By End-market
2.5 Global Automotive Power Steering Systems Market, By Geography
Chapter 3 Market Dynamics
3.1 Market Overview
3.1.1 Global Automotive Power Steering Systems Market Revenue and Growth, 2015 – 2025, (US$ Bn) (Y-o-Y %)
3.2 Market Drivers
3.3 Market Growth Inhibitors
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends and Future Outlook
3.5 Attractive Investment Proposition
3.6 Competitive Analysis
To Get Complete Report @ http://www.acutemarketreports.com/report/automotive-power-steering-systems-market
Acute Market Reports is the most sufficient collection of market intelligence services online. It is your only source that can fulfill all your market research requirements.We provide online reports from over 100 best publishers and upgrade our collection regularly to offer you direct online access to the worlds most comprehensive and recent database with expert perceptions on worldwide industries, products, establishments and trends.
Our team consists of highly motivated market research professionals and they are accountable for creating the groundbreaking technology that we utilize in our search engine operations to easily recognize the most current market research reports online.
Contact Us :
Name : Chris Paul
ACUTE MARKET REPORTS
Designation : Global Sales Manager
Toll Free(US/CANADA): +1-855-455-8662
Email : firstname.lastname@example.org
Website : http://www.acutemarketreports.com