Market Overview:
The global steering damper market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger cars and commercial vehicles across the globe. Additionally, rising awareness about safety features in vehicles is also propelling the growth of this market. The global steering damper market can be segmented on the basis of type into rotary type and piston type. The rotary type segment is expected to hold a larger share of the global steering damper market during the forecast period owing to its high efficiency and low maintenance requirements. On the basis of application,the global steering dampermarket can be divided into OEM and aftermarket segments.
Product Definition:
A steering damper is a hydraulic or electromechanical device that connects the steering wheel to the front wheels of a vehicle, in order to reduce vibration and chatter. It is important for two reasons: first, it helps keep the driver's hands on the wheel by damping out vibrations; secondly, it helps keep the vehicle under control during hard cornering.
Rotary Type:
Rotary type dampers are used in steering systems of heavy vehicles such as trucks and buses. They are also used in agricultural equipment, construction machinery, mining equipment and other industrial applications. The product is manufactured using several materials including rubber, plastic & metal alloys & composites depending on the vehicle application requirements.
The global rotary type market was valued at USD 1.91 billion in 2016.
Piston Type:
Piston type is the classification of steering mechanism based on a connecting rod and a piston. There are two types of pistons in this category, namely return and non-return. Return type has an additional pin to engage with the returning gear, while non-return has no such pin but relies on gravity to return the gear.
Application Insights:
OEMs held the largest market share of over 70% in 2017. The OEMs are offering these products with various features and price range as they have a direct relationship with the production units. The aftermarket segment is expected to expand at the fastest CAGR of XX% from 2018 to 2030 due to high product demand for replacing steering wheels and other driving controls that were damaged in an accident or by vandals on vehicles parked overnight at public places such as railway stations, hotels, airports etc. Damper systems act as a safety device by providing resistance against unintended movement when drivers apply pressure on their vehicle¢â‚¬â„¢s steering wheel thereby preventing any further damage or injuries during accidents or while leaving vehicles unattended at public places such as railway stations, hotels, airports etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing demand for automotive steeringspear products owing to rapid industrialization and urbanization, which has led to an increase in traffic congestion problems. Moreover, rising disposable income of consumers coupled with their preference for luxury vehicles is likely to drive product demand over the forecast period.
The European market accounted for a significant share of revenue in 2017 due to high R&D investments by major companies along with technological innovations across various industries including automotive industry. Furthermore, stringent government regulations regarding road safety are anticipated to fuel regional growth during the forecast period.
In North America, growing emphasis on vehicle energy efficiency standards such as CAFE Standards (Corporate Average Fuel Economy) by U.
Growth Factors:
- Increasing demand for steering damper in passenger cars and commercial vehicles
- Growing awareness about the benefits of steering damper in terms of safety and fuel efficiency
- Technological advancements in steering damper design and manufacturing process
- Rising demand for luxury cars and SUVs that come equipped with advanced features such as steering dampers
- Stringent government regulations mandating the use of steering dampers in certain types of vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Steering Damper Market Research Report
By Type
Rotary Type, Piston Type
By Application
OEM, Aftermarket
By Companies
Öhlins, BILSTEIN, Skyjacker Suspensions, Tenneco, Pro Comp, Rough Country, TOBY, Hyperpro, KYB, Wilbers Products GmbH, Öhlins
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 Steering Damper Market Report Segments:
The global Steering Damper market is segmented on the basis of:
Types
Rotary Type, Piston Type
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:
- Öhlins
- BILSTEIN
- Skyjacker Suspensions
- Tenneco
- Pro Comp
- Rough Country
- TOBY
- Hyperpro
- KYB
- Wilbers Products GmbH
- Öhlins
Highlights of The Steering Damper 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:
- Rotary Type
- Piston Type
- 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 Steering Damper 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?
A steering damper is a device that helps to control the movement of a vehicle in response to turning or braking forces. It is typically mounted on the front axle of a car, truck, or SUV and helps to resist rear wheel spin when turning.
Some of the key players operating in the steering damper market are –hlins, BILSTEIN, Skyjacker Suspensions, Tenneco, Pro Comp, Rough Country, TOBY, Hyperpro, KYB, Wilbers Products GmbH, –hlins.
The steering damper market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Steering Damper 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 Steering Damper Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Steering Damper 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 Steering Damper 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 Steering Damper Market Size & Forecast, 2018-2028
4.5.1 Steering Damper Market Size and Y-o-Y Growth
4.5.2 Steering Damper Market Absolute $ Opportunity
Chapter 5 Global Steering Damper 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 Steering Damper Market Size Forecast by Type
5.2.1 Rotary Type
5.2.2 Piston Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Steering Damper 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 Steering Damper Market Size Forecast by Applications
6.2.1 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Steering Damper 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 Steering Damper 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 Steering Damper Analysis and Forecast
9.1 Introduction
9.2 North America Steering Damper 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 Steering Damper Market Size Forecast by Type
9.6.1 Rotary Type
9.6.2 Piston Type
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 Steering Damper Market Size Forecast by Applications
9.10.1 OEM
9.10.2 Aftermarket
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 Steering Damper Analysis and Forecast
10.1 Introduction
10.2 Europe Steering Damper 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 Steering Damper Market Size Forecast by Type
10.6.1 Rotary Type
10.6.2 Piston Type
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 Steering Damper Market Size Forecast by Applications
10.10.1 OEM
10.10.2 Aftermarket
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 Steering Damper Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Steering Damper 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 Steering Damper Market Size Forecast by Type
11.6.1 Rotary Type
11.6.2 Piston Type
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 Steering Damper Market Size Forecast by Applications
11.10.1 OEM
11.10.2 Aftermarket
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 Steering Damper Analysis and Forecast
12.1 Introduction
12.2 Latin America Steering Damper 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 Steering Damper Market Size Forecast by Type
12.6.1 Rotary Type
12.6.2 Piston Type
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 Steering Damper Market Size Forecast by Applications
12.10.1 OEM
12.10.2 Aftermarket
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) Steering Damper Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Steering Damper 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) Steering Damper Market Size Forecast by Type
13.6.1 Rotary Type
13.6.2 Piston Type
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) Steering Damper Market Size Forecast by Applications
13.10.1 OEM
13.10.2 Aftermarket
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 Steering Damper Market: Competitive Dashboard
14.2 Global Steering Damper Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Öhlins
14.3.2 BILSTEIN
14.3.3 Skyjacker Suspensions
14.3.4 Tenneco
14.3.5 Pro Comp
14.3.6 Rough Country
14.3.7 TOBY
14.3.8 Hyperpro
14.3.9 KYB
14.3.10 Wilbers Products GmbH
14.3.11 Öhlins
