Business & FinanceIT

Light Vehicle Steering Market Will Reach USD 8.36 billion by 2024

The global light vehicle steering market is expected to grow from USD 6.25 billion 2017 to USD 8.36 billion by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 4.24%.

Press Release

The factors attributing to the growth of the market are increasing sales of light vehicle, increasing need for efficient, and convenient driving experience, and increase acceptance and adoption rate of eps and epas. However, some factors such as and low penetration of light vehicle in emerging economies may hinder the market growth. The global light vehicle steering market is expected to showcase the opportunities such as intelligent steering assistance, performance optimization through the use of scalable electric motor and control unit, and interface for assistance functions to increase safety and comfort. In the near future, the market may face the possible challenges in the growth due to and protection against unauthorized access.

Get Free Sample Copy of This [email protected] https://www.qurateresearch.com/report/sample/AnT/QBI-360ir-AnT-233514

The key players profiled in the global light vehicle steering market are China Automotive Systems Inc., Delphi Technologies, Federal-Mogul Corporation, Hitachi Automotive Systems, Hyundai Mobis Co., Ltd., JTEKT Corporation, KYB Corporation, Knorr-Bremse SteeringSystems, Mando Corporation, Martinrea International Inc., Mitsubishi Electric Corporation, NSK Ltd, NTN Corporation, Nexteer Automotive, Remy International, Inc., Robert Bosch GmbH, Showa Corporation, Sona Koyo Steering Systems, ThyssenKrupp AG, Trelleborg AB, and ZF Friedrichshafen AG.

However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global light vehicle steering market market.“Torque Sensor: The highest growing component for the global light vehicle steering market”

On the basis of component, the global light vehicle steering market is studied across Controller, Coupling mechanism, Electric motor, Rotational angle sensor, Torque Sensor, and Vehicle speed sensor. Among all these component, the Torque Sensor is projected to hold the largest market share while the Rotational angle sensor has the potential to grow the market with the highest CAGR in the forecast period.“Automatic: The highest growing mode for the global light vehicle steering market”

Inquire More about Report @ https://www.qurateresearch.com/report/enquiry/AnT/QBI-360ir-AnT-233514

On the basis of mode, the global light vehicle steering market is studied across Automatic and Non-Automatic. Among all these mode, the Automatic is projected to hold the largest market share while the Automatic has the potential to grow the market with the highest CAGR in the forecast period.“Modular Steering Columns: The highest growing technology for the global light vehicle steering market”

On the basis of technology, the global light vehicle steering market is studied across Column Mounted Systems, Dual- pinion EPS Systems, Modular Steering Columns, Sensor Technology, and Wheel- locking Mechanisms. Among all these technology, the Modular Steering Columns is projected to hold the largest market share while the Sensor Technology has the potential to grow the market with the highest CAGR in the forecast period.“Electric Power Steering: The highest growing type for the global light vehicle steering market”

On the basis of type, the global light vehicle steering market is studied across Electric Power Steering, Electro-Hydraulic power steering, Hydraulic Power Steering, and Manual. Among all these type, the Electric Power Steering is projected to hold the largest market share while the Hydraulic Power Steering has the potential to grow the market with the highest CAGR in the forecast period.“Europe, Middle East & Africa: The highest growing geography for the global light vehicle steering market”

On the basis of geography, the global light vehicle steering market is studied across Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia). Among all these geography, the Asia-Pacific is showing the maximum growth in the near future with the highest CAGR while the Europe, Middle East & Africa is dominating the market with highest market size.

Click on the link to Buy [email protected] https://www.qurateresearch.com/report/buy/AnT/QBI-360ir-AnT-233514/

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the global light vehicle steering market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global light vehicle steering market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the global light vehicle steering market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the global light vehicle steering market.
5. Competitive Assessment & Intelligence: Provides exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global light vehicle steering market.

Tags

Related Articles

Close