Market Overview:
The global four-wheel 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% during the forecast period. The growth of the global four-wheel steering system market can be attributed to the increasing demand for passenger vehicles, light commercial vehicles, and heavy commercial vehicles across the globe. Additionally, rising awareness about fuel efficiency and safety among consumers is also expected to boost the demand for four-wheel steering systems over the forecast period. On basis of type, crab steering held a dominant share in 2017 and is anticipated to maintain its dominance throughout the forecast period. This can be attributed to its ability improve vehicle handling characteristics while turning as well as reduce tire wear & tear.
Product Definition:
A four-wheel steering system is a type of automotive suspension and steering system that allows all four wheels of a vehicle to be turned. The advantage of this arrangement is that it allows the vehicle to make much tighter turns than would be possible with conventional two-wheel steering. Four-wheel steering systems are generally found on high performance vehicles, such as sports cars, SUVs and large trucks. They are also occasionally used on buses and other large vehicles where maneuverability is important.
Crab Steering:
Crab Steering is a system in which the steering wheel is at an angle that is greater than or equal to the latitude of your location. The name comes from its resemblance to crabs walking sideways. In four-wheel steering systems, both front wheels are steered with help of a single wheel at the front end of each vehicle. This system was primarily designed for use in heavy vehicles such as trucks and buses, but has been adopted by some sports cars and luxury vehicles too.
Passive Rear Wheel Steering:
Passive rear wheel steering is a system in which the steering wheel is fixed at the front of the vehicle and connected by rods or cables to back wheels. The system offers advantages such as better safety, comfort, and control over vehicle handling.
The Fours-wheel Steering System market has witnessed significant growth over recent years owing to increased demand for vehicles with manual or automatic transmission systems.
Application Insights:
Passenger vehicle application dominated the overall market in terms of revenue share at over 60.0% in 2017. The segment is expected to witness significant growth during the forecast period on account of increasing demand for passenger vehicles among other factors such as rising disposable income, and changing lifestyle among consumers globally. In addition, stringent government regulations regarding reduction in fatalities and injuries caused by road accidents are expected to boost product demand over the coming years.
The light commercial vehicle (LCV) segment is estimated to expand at a CAGR of XX% from 2018 to 2030 owing to growing industrialization and urbanization coupled with favorable government policies aimed at promoting investments in developing countries such as India, China Japan etc., which are presumed to drive industry growth over the coming years.
Regional Analysis:
Asia Pacific dominated the global four-wheel steering system market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period, with China at the forefront. This can be attributed to rising investments by domestic manufacturers and an increasing number of OEMs setting up production facilities in this region. Moreover, Asia Pacific has a large presence of automotive companies that are adopting advanced safety systems such as four-wheel steerers for their future vehicle designs.
Europe is anticipated to witness significant growth over the next eight years owing to stringent regulations imposed on vehicle safety standards by regulatory bodies such as ECE and governments across countries such as Germany, France and Italy among others have established strong consumer base for high quality vehicles which will drive demand for advanced safety systems including four wheel steerers over the forecast period.
Growth Factors:
- Increasing demand for four-wheel steering system in passenger cars and commercial vehicles
- Rising popularity of luxury cars and SUVs
- Technological advancements in four-wheel steering systems
- Growing awareness about the benefits of four-wheel steering systems among consumers
- Government initiatives to promote the use of four-wheel steering systems in passenger cars and commercial vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Four-wheel Steering System Market Research Report
By Type
Crab Steering, Passive Rear Wheel Steering, Articulated Steering
By Application
Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle
By Companies
Delphi, ZF TRW, Bosch, Continental, JTEKT, Hyundai Mobis, Delphi
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
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Four-wheel Steering System Market Report Segments:
The global Four-wheel Steering System market is segmented on the basis of:
Types
Crab Steering, Passive Rear Wheel Steering, Articulated Steering
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 Vehicle, Light Commercial Vehicle, Heavy 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:
- Delphi
- ZF TRW
- Bosch
- Continental
- JTEKT
- Hyundai Mobis
- Delphi
Highlights of The Four-wheel 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:
- Crab Steering
- Passive Rear Wheel Steering
- Articulated Steering
- By Application:
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy 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 Four-wheel 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?
Four-wheel steering system is a type of vehicle steering that uses the power of the engine to steer the front and rear wheels. This system is used on some larger vehicles, such as trucks and buses.
Some of the major companies in the four-wheel steering system market are Delphi, ZF TRW, Bosch, Continental, JTEKT, Hyundai Mobis, Delphi.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Four-wheel 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 Four-wheel Steering System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Four-wheel 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 Four-wheel 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 Four-wheel Steering System Market Size & Forecast, 2020-2028
4.5.1 Four-wheel Steering System Market Size and Y-o-Y Growth
4.5.2 Four-wheel Steering System Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Crab Steering
5.2.2 Passive Rear Wheel Steering
5.2.3 Articulated Steering
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Light Commercial Vehicle
6.2.3 Heavy Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Four-wheel 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 Four-wheel 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Crab Steering
9.6.2 Passive Rear Wheel Steering
9.6.3 Articulated Steering
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 Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Light Commercial Vehicle
9.10.3 Heavy 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Crab Steering
10.6.2 Passive Rear Wheel Steering
10.6.3 Articulated Steering
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 Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Light Commercial Vehicle
10.10.3 Heavy 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Crab Steering
11.6.2 Passive Rear Wheel Steering
11.6.3 Articulated Steering
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 Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Light Commercial Vehicle
11.10.3 Heavy 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Crab Steering
12.6.2 Passive Rear Wheel Steering
12.6.3 Articulated Steering
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 Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Light Commercial Vehicle
12.10.3 Heavy 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Crab Steering
13.6.2 Passive Rear Wheel Steering
13.6.3 Articulated Steering
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) Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Light Commercial Vehicle
13.10.3 Heavy 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 Four-wheel Steering System Market: Competitive Dashboard
14.2 Global Four-wheel Steering System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Delphi
14.3.2 ZF TRW
14.3.3 Bosch
14.3.4 Continental
14.3.5 JTEKT
14.3.6 Hyundai Mobis
14.3.7 Delphi
