Market Overview:
The global electronically controlled variable-gear-ratio steering market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for passenger cars and commercial vehicles, rising awareness about fuel efficiency and safety features offered by electronically controlled variable-gear-ratio steering systems, and the growing automotive aftermarket. However, the high cost of installation is expected to restrain the growth of the market during the forecast period. On basis of type, passenger cars are anticipated to account for a larger share of the global electronically controlled variable-gear ratio steering market during 2018–2030. This can be attributed to increasing demand for luxury cars across regions.
Product Definition:
An electronically controlled variable-gear-ratio steering (ECVGRS) system is a type of power steering that uses an electric motor to change the gear ratio between the input and output shafts of the steering system. The ECVGRS system can provide a wider range of gear ratios than a traditional hydraulic power steering system, which can improve fuel economy and performance.
Passenger Cars:
Passenger cars are vehicles designed for the carriage of passengers and are used as a means of transportation. They can be categorized into two types: light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs). LCVs include pickup trucks, minivans, SUV/4WDs, sedans, and SUVs; while HCVs include buses, coaches, trolley buses & trolley cars.
Commercial Vehicles:
Commercial vehicles include trucks, buses, and other such vehicles. They are designed to carry passengers and/or cargo over a set route with varying load requirements. The driving force is provided by the engine(s) or motor(s) or both coupled together through drive shafts or using electric motors.
Application Insights:
OEMs held the largest market share of over 70% in 2017. Electronically controlled variable-gear-ratio steering systems are integrated into various OEM products, such as cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). The integration of these systems allows manufacturers to offer features such as parking assistance to their customers. These features help drivers maneuver the vehicle in tight spaces with ease.
Electronically controlled variable-gear-ratio steering system is an aftermarket product that can be installed on a vehicle's original chassis assembly by an authorized service center or by the owner himself using basic hand tools and hardware supplies. ECVS offers several benefits including increased safety for drivers and passengers due to its anti-lock braking feature which helps avoid skidding when applied on a motorbike or bicycle without brakes.
Regional Analysis:
Asia Pacific dominated the global ECVT GS market in 2016 and accounted for over 45% of the total revenue share. The region is expected to continue its dominance over the forecast period owing to increasing sales of electrically controlled variable-gear-ratio steering systems in China, India, Japan, South Korea and Taiwan. Asia Pacific is also projected to be one of the fastest growing markets with a CAGR exceeding 6% from 2017 to 2030 due to rising demand for enhanced safety features coupled with stringent government regulations pertaining high safety standards.
Europe was estimated at USD X million in 2016 and is anticipated to witness significant growth over the forecast period owing both internal consumption as well as exports across Europe’s major markets including Germany, France Italy and U.K., which are major consumers of electrically controlled variable-gear-ratio steering systems on account of their large passenger car production bases along with aftermarket repair shops that offer routine maintenance services for these vehicles.
Growth Factors:
- Increasing demand for fuel-efficient and low-emission vehicles
- Growing popularity of electric and hybrid vehicles
- Rising demand for advanced safety features in automobiles
- Proliferation of autonomous driving technology
- Increasing adoption of vehicle connectivity solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Electronically Controlled Variable-Gear-Ratio Steering Market Research Report
By Type
Passenger Cars, Commercial Vehicles
By Application
OEM, Aftermarket
By Companies
Robert Bosch, Toyota Motors, BMW, ArcelorMittal, JTEKT, Hyundai
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Electronically Controlled Variable-Gear-Ratio Steering Market Report Segments:
The global Electronically Controlled Variable-Gear-Ratio Steering market is segmented on the basis of:
Types
Passenger Cars, Commercial Vehicles
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEM, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Robert Bosch
- Toyota Motors
- BMW
- ArcelorMittal
- JTEKT
- Hyundai
Highlights of The Electronically Controlled Variable-Gear-Ratio Steering Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Passenger Cars
- Commercial Vehicles
- By Application:
- OEM
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electronically Controlled Variable-Gear-Ratio Steering Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electronically controlled variable-gear-ratio steering is a type of electronic control system used to steer vehicles. It allows the driver to change the gear ratio by using a controller that sends electrical signals to the vehicle's steering mechanism. This system is often found on luxury cars and SUVs.
Some of the major players in the electronically controlled variable-gear-ratio steering market are Robert Bosch, Toyota Motors, BMW, ArcelorMittal, JTEKT, Hyundai.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electronically Controlled Variable-Gear-Ratio Steering Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electronically Controlled Variable-Gear-Ratio Steering Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electronically Controlled Variable-Gear-Ratio Steering Market - Supply Chain
4.5. Global Electronically Controlled Variable-Gear-Ratio Steering Market Forecast
4.5.1. Electronically Controlled Variable-Gear-Ratio Steering Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electronically Controlled Variable-Gear-Ratio Steering Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electronically Controlled Variable-Gear-Ratio Steering Market Absolute $ Opportunity
5. Global Electronically Controlled Variable-Gear-Ratio Steering Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electronically Controlled Variable-Gear-Ratio Steering Market Size and Volume Forecast by Type
5.3.1. Passenger Cars
5.3.2. Commercial Vehicles
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electronically Controlled Variable-Gear-Ratio Steering Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electronically Controlled Variable-Gear-Ratio Steering Market Size and Volume Forecast by Application
6.3.1. OEM
6.3.2. Aftermarket
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electronically Controlled Variable-Gear-Ratio Steering Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electronically Controlled Variable-Gear-Ratio Steering Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electronically Controlled Variable-Gear-Ratio Steering Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electronically Controlled Variable-Gear-Ratio Steering Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electronically Controlled Variable-Gear-Ratio Steering Demand Share Forecast, 2019-2026
9. North America Electronically Controlled Variable-Gear-Ratio Steering Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electronically Controlled Variable-Gear-Ratio Steering Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electronically Controlled Variable-Gear-Ratio Steering Market Size and Volume Forecast by Application
9.4.1. OEM
9.4.2. Aftermarket
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electronically Controlled Variable-Gear-Ratio Steering Market Size and Volume Forecast by Type
9.7.1. Passenger Cars
9.7.2. Commercial Vehicles
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electronically Controlled Variable-Gear-Ratio Steering Demand Share Forecast, 2019-2026
10. Latin America Electronically Controlled Variable-Gear-Ratio Steering Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electronically Controlled Variable-Gear-Ratio Steering Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electronically Controlled Variable-Gear-Ratio Steering Market Size and Volume Forecast by Application
10.4.1. OEM
10.4.2. Aftermarket
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electronically Controlled Variable-Gear-Ratio Steering Market Size and Volume Forecast by Type
10.7.1. Passenger Cars
10.7.2. Commercial Vehicles
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electronically Controlled Variable-Gear-Ratio Steering Demand Share Forecast, 2019-2026
11. Europe Electronically Controlled Variable-Gear-Ratio Steering Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electronically Controlled Variable-Gear-Ratio Steering Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electronically Controlled Variable-Gear-Ratio Steering Market Size and Volume Forecast by Application
11.4.1. OEM
11.4.2. Aftermarket
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Elctronically Controlled Variable-Gear-Ratio Steering Market Size and Volume Forecast by Type
11.7.1. Passenger Cars
11.7.2. Commercial Vehicles
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electronically Controlled Variable-Gear-Ratio Steering Demand Share, 2019-2026
12. Asia Pacific Electronically Controlled Variable-Gear-Ratio Steering Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electronically Controlled Variable-Gear-Ratio Steering Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electronically Controlled Variable-Gear-Ratio Steering Market Size and Volume Forecast by Application
12.4.1. OEM
12.4.2. Aftermarket
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electronically Controlled Variable-Gear-Ratio Steering Market Size and Volume Forecast by Type
12.7.1. Passenger Cars
12.7.2. Commercial Vehicles
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electronically Controlled Variable-Gear-Ratio Steering Demand Share, 2019-2026
13. Middle East & Africa Electronically Controlled Variable-Gear-Ratio Steering Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electronically Controlled Variable-Gear-Ratio Steering Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electronically Controlled Variable-Gear-Ratio Steering Market Size and Volume Forecast by Application
13.4.1. OEM
13.4.2. Aftermarket
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electronically Controlled Variable-Gear-Ratio Steering Market Size and Volume Forecast by Type
13.7.1. Passenger Cars
13.7.2. Commercial Vehicles
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electronically Controlled Variable-Gear-Ratio Steering Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electronically Controlled Variable-Gear-Ratio Steering Market: Market Share Analysis
14.2. Electronically Controlled Variable-Gear-Ratio Steering Distributors and Customers
14.3. Electronically Controlled Variable-Gear-Ratio Steering Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Robert Bosch
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Toyota Motors
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BMW
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ArcelorMittal
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. JTEKT
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hyundai
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
