Market Overview:
The global automotive rear axle steering system 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 vehicles and commercial vehicles. The global automotive rear axle steering system market has been segmented on the basis of type, application, and region. On the basis of type, the market has been segmented into ECU, electric motor, oil tank with pump, sensors, steering cylinder valve system. The ECU segment is expected to account for a major share of the global automotive rear axle steering system market during the forecast period owing to its ability to control all actuators in an automobile simultaneously. On the basis of application, passenger vehicles are expected account for a major share of demand for automotive rear axle steering systems duringthe forecast period as they offer superior handling and stability over other typesofvehicles such as commercial vehicles.
Product Definition:
The automotive rear axle steering system is a mechanism that enables the rear wheels of a vehicle to steer. This system is important because it allows the driver to make tight turns and navigate in tight spaces.
ECU:
Electric Control Unit (ECU) is a computer system that controls all the electrical systems in an automobile. It has inputs for engine speed, battery voltage, coolant temperature and other sensors to calculate driving conditions and output includes steering angle and vehicle speed. ECU plays a very important role in automotive rear axle steering system as it helps to maintain optimum distance between vehicles while parking or during reverse gear operation.
Electric motor:
The electric motor is used in the automotive rear axle steering system to provide assistance when driving through turns. The assistive power helps in maintaining the vehicle’s stability and prevents it from falling off the road. It also provides extra torque which can be helpful while braking or accelerating hard.
Electric motors are extensively used as they offer benefits such as low maintenance cost, efficient operation, compact size and lightweight structure among others.
Application Insights:
The commercial vehicle segment held the largest share of over 60.0% in 2017. The growth can be attributed to the growing demand for trucks, buses and other forms of passenger vehicles that carry goods across countries. Moreover, governments are encouraging manufacturers to manufacture such vehicles in their respective countries by offering low taxes on them and providing subsidies on purchasing these vehicles. This is expected to increase product demand in near future.
Passenger vehicle applications accounted for a significant share as well as nearly equal portion of the global revenue in 2017 owing to increasing sales volumes across all major markets worldwide including China, U.S.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional segment over the forecast period. The region accounted for a share of more than 30% in 2017 and is anticipated to witness significant growth over the forecast period. This can be attributed to increasing sales of passenger vehicles in China, India, and other countries. Moreover, rising demand for luxury cars with advanced safety features will drive regional market growth.
Europe accounted for a major share in global revenue owing to stringent regulations by European government regarding fuel economy and carbon emissions caused due to driving behavior coupled with heavy penalties on non-compliance with these norms. As a result, manufacturers are focusing on developing efficient automotive rear axle steering systems that would help improve overall efficiency of vehicle while reducing its weight as well as improving handling characteristics during cornering making it suitable for urban commutes as well as long highway drives at speeds up to 80 mph (130 km/h).
Growth Factors:
- Increasing demand for luxury and premium cars
- Rising disposable income of consumers in developing countries
- Technological advancements in rear axle steering systems
- Stringent government regulations for safety and emissions control
- Growing popularity of autonomous cars
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Rear Axle Steering System Market Research Report
By Type
ECU, Electric motor, Oil tank with pump, Sensors, Steering cylinder, Valve system
By Application
Passenger Vehicles, Commercial Vehicle
By Companies
BMW, Mitsubishi Motors, Automobili Lamborghini, Mazda Motor, Porsche AG, Toyota Motors, Ferrari, Honda Motor Company, Groupe Renault, Robert Bosch GmbH, BMW, Hyundai Mobis, ZF Friedrichshafen, Hitachi Automotive Systems
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
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Rear Axle Steering System Market Report Segments:
The global Automotive Rear Axle Steering System market is segmented on the basis of:
Types
ECU, Electric motor, Oil tank with pump, Sensors, Steering cylinder, Valve system
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
Passenger Vehicles, Commercial Vehicle
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:
- BMW
- Mitsubishi Motors
- Automobili Lamborghini
- Mazda Motor
- Porsche AG
- Toyota Motors
- Ferrari
- Honda Motor Company
- Groupe Renault
- Robert Bosch GmbH
- BMW
- Hyundai Mobis
- ZF Friedrichshafen
- Hitachi Automotive Systems
Highlights of The Automotive Rear Axle Steering System 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:
- ECU
- Electric motor
- Oil tank with pump
- Sensors
- Steering cylinder
- Valve system
- By Application:
- Passenger Vehicles
- Commercial Vehicle
- 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 Automotive Rear Axle Steering System 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
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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?
The automotive rear axle steering system is a type of suspension that uses hydraulic or electric motors to provide power assistance to the rear wheels. This system allows the vehicle to steer in a straight line, even when the front wheels are turned.
Some of the major players in the automotive rear axle steering system market are BMW, Mitsubishi Motors, Automobili Lamborghini, Mazda Motor, Porsche AG, Toyota Motors, Ferrari, Honda Motor Company, Groupe Renault, Robert Bosch GmbH, BMW, Hyundai Mobis, ZF Friedrichshafen, Hitachi Automotive Systems.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Rear Axle Steering System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Rear Axle Steering System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Rear Axle Steering System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Rear Axle Steering System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Rear Axle Steering System Market Size & Forecast, 2018-2028
4.5.1 Automotive Rear Axle Steering System Market Size and Y-o-Y Growth
4.5.2 Automotive Rear Axle Steering System Market Absolute $ Opportunity
Chapter 5 Global Automotive Rear Axle Steering System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Rear Axle Steering System Market Size Forecast by Type
5.2.1 ECU
5.2.2 Electric motor
5.2.3 Oil tank with pump
5.2.4 Sensors
5.2.5 Steering cylinder
5.2.6 Valve system
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Rear Axle Steering System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Rear Axle Steering System Market Size Forecast by Applications
6.2.1 Passenger Vehicles
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Rear Axle Steering System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Rear Axle Steering System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Rear Axle Steering System Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Rear Axle Steering System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Rear Axle Steering System Market Size Forecast by Type
9.6.1 ECU
9.6.2 Electric motor
9.6.3 Oil tank with pump
9.6.4 Sensors
9.6.5 Steering cylinder
9.6.6 Valve system
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Rear Axle Steering System Market Size Forecast by Applications
9.10.1 Passenger Vehicles
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Rear Axle Steering System Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Rear Axle Steering System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Rear Axle Steering System Market Size Forecast by Type
10.6.1 ECU
10.6.2 Electric motor
10.6.3 Oil tank with pump
10.6.4 Sensors
10.6.5 Steering cylinder
10.6.6 Valve system
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Rear Axle Steering System Market Size Forecast by Applications
10.10.1 Passenger Vehicles
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Rear Axle Steering System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Rear Axle Steering System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Rear Axle Steering System Market Size Forecast by Type
11.6.1 ECU
11.6.2 Electric motor
11.6.3 Oil tank with pump
11.6.4 Sensors
11.6.5 Steering cylinder
11.6.6 Valve system
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Rear Axle Steering System Market Size Forecast by Applications
11.10.1 Passenger Vehicles
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Rear Axle Steering System Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Rear Axle Steering System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Rear Axle Steering System Market Size Forecast by Type
12.6.1 ECU
12.6.2 Electric motor
12.6.3 Oil tank with pump
12.6.4 Sensors
12.6.5 Steering cylinder
12.6.6 Valve system
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Rear Axle Steering System Market Size Forecast by Applications
12.10.1 Passenger Vehicles
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Rear Axle Steering System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Rear Axle Steering System Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Rear Axle Steering System Market Size Forecast by Type
13.6.1 ECU
13.6.2 Electric motor
13.6.3 Oil tank with pump
13.6.4 Sensors
13.6.5 Steering cylinder
13.6.6 Valve system
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Rear Axle Steering System Market Size Forecast by Applications
13.10.1 Passenger Vehicles
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Rear Axle Steering System Market: Competitive Dashboard
14.2 Global Automotive Rear Axle Steering System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BMW
14.3.2 Mitsubishi Motors
14.3.3 Automobili Lamborghini
14.3.4 Mazda Motor
14.3.5 Porsche AG
14.3.6 Toyota Motors
14.3.7 Ferrari
14.3.8 Honda Motor Company
14.3.9 Groupe Renault
14.3.10 Robert Bosch GmbH
14.3.11 BMW
14.3.12 Hyundai Mobis
14.3.13 ZF Friedrichshafen
14.3.14 Hitachi Automotive Systems
