Market Overview:
The global rear wheel 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% during the forecast period. The market growth can be attributed to the increasing demand for passenger vehicles, light commercial vehicles and heavy commercial vehicles across the globe. Additionally, rising awareness about safety features in automobiles is also expected to boost the demand for rear wheel steering systems over the forecast period. On the basis of type, passive steering segment is anticipated to account for a major share of global rear wheel steering market during 2018-2030. Active steering segment is projected register highest CAGR over forecast period owing to its growing adoption in luxury cars and sports cars segments across different regions globally. Passenger vehicle application segment dominates global rear wheel steering market followed by light commercial vehicle and heavy commercial vehicle applications respectively.
Product Definition:
Rear wheel steering is the use of the rear wheels to steer a vehicle. It is used in some cars and trucks, and can be either manual or automatic. Rear wheel steering is important because it allows for better control of the car, making it easier to turn and maneuver in tight spaces.
Passive Steering:
Passive steering is a system that uses the force of the tires to steer the vehicle. It's an easier and more effective way to steer a car than using manual steering, which has been around since before recorded history. The system works by mounting two wheels on a horizontal fork in front of the driver, with their axes parallel and joined by a flexible joint so they can turn together as one unit.
Active Steering:
Active steering is a form of manual steering in which the steering wheel is powered by an electric motor. The system uses hydraulic assist to convert the turning force from the driver's hands into torque, which can be used to move the vehicle’s wheels. In most vehicles, active or electro-hydraulic systems are used as rear wheel steer (EWS).
The advantages of active steer include increased safety.
Application Insights:
Passenger vehicle application segment led the market and accounted for more than 70.0% share of the global revenue in 2017. The segment is likely to witness significant growth on account of rising demand for passenger vehicles with features such as comfort, convenience, safety and entertainment by individuals preferring active lifestyles. Moreover, increasing penetration of online retailing is expected to result in higher demand for automobiles with features such as rear-wheel steering systems that improve maneuverability during tight turns at high speeds on roads or highways.
The light commercial vehicle (LCV) application segment was valued over USD 1 billion in 2017 owing to growing utilization across developing countries including India and China where LCVs are used for transporting goods within cities or between cities.
Regional Analysis:
Asia Pacific dominated the global rear wheel steering market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period owing to increasing demand from developing countries such as India and China. In addition, rising adoption of electric vehicles is also likely to have a positive impact on regional growth over the next eight years.
Europe accounted for more than 20% of total market share in 2017 owing to high demand from passenger cars and light commercial vehicles applications respectively. Germany, France, Italy, U.K.
Growth Factors:
- Increasing demand for luxury cars
- Rising disposable income of consumers
- Technological advancements in rear wheel steering systems
- Growing popularity of sports cars and SUVs
- Government initiatives to promote fuel-efficient vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Rear Wheel Steering Market Research Report
By Type
Passive Steering, Active Steering
By Application
Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle
By Companies
Delphi, ZF TRW, Bosch, Continental, JTEKT, Hyundai Mobis
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
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Rear Wheel Steering Market Report Segments:
The global Rear Wheel Steering market is segmented on the basis of:
Types
Passive Steering, Active 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
Highlights of The Rear Wheel 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:
- Passive Steering
- Active 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 Rear Wheel 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
- Channel & Customer Management
- 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?
Rear wheel steering is a system that uses the rear wheels of a vehicle to steer. This system is typically used on larger vehicles, such as trucks and buses, because it allows them to turn more easily than if the steering were done with the front wheels.
Some of the major players in the rear wheel steering market are Delphi, ZF TRW, Bosch, Continental, JTEKT, Hyundai Mobis.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Rear Wheel Steering 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 Rear Wheel Steering Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rear Wheel Steering 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 Rear Wheel Steering 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 Rear Wheel Steering Market Size & Forecast, 2018-2028
4.5.1 Rear Wheel Steering Market Size and Y-o-Y Growth
4.5.2 Rear Wheel Steering Market Absolute $ Opportunity
Chapter 5 Global Rear Wheel Steering 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 Rear Wheel Steering Market Size Forecast by Type
5.2.1 Passive Steering
5.2.2 Active Steering
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Rear Wheel Steering 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 Rear Wheel Steering 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 Rear Wheel Steering 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 Rear Wheel Steering 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 Rear Wheel Steering Analysis and Forecast
9.1 Introduction
9.2 North America Rear Wheel Steering 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 Rear Wheel Steering Market Size Forecast by Type
9.6.1 Passive Steering
9.6.2 Active 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 Rear Wheel Steering 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 Rear Wheel Steering Analysis and Forecast
10.1 Introduction
10.2 Europe Rear Wheel Steering 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 Rear Wheel Steering Market Size Forecast by Type
10.6.1 Passive Steering
10.6.2 Active 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 Rear Wheel Steering 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 Rear Wheel Steering Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Rear Wheel Steering 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 Rear Wheel Steering Market Size Forecast by Type
11.6.1 Passive Steering
11.6.2 Active 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 Rear Wheel Steering 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 Rear Wheel Steering Analysis and Forecast
12.1 Introduction
12.2 Latin America Rear Wheel Steering 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 Rear Wheel Steering Market Size Forecast by Type
12.6.1 Passive Steering
12.6.2 Active 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 Rear Wheel Steering 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) Rear Wheel Steering Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Rear Wheel Steering 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) Rear Wheel Steering Market Size Forecast by Type
13.6.1 Passive Steering
13.6.2 Active 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) Rear Wheel Steering 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 Rear Wheel Steering Market: Competitive Dashboard
14.2 Global Rear Wheel Steering 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
