Market Overview:
The global rack and pinion system with power 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 across the globe. Additionally, the rising awareness about safety features in automobiles is also propelling the demand for rack and pinion system with power steering globally. On the basis of type, the global rack and pinion system with power steering market has been segmented into steering systems and components. The steering systems segment dominated the market in 2017 owing to their high adoption rate in passenger cars as well as commercial vehicles. On account of rising demand for electric vehicles (EVs), components are expected to witness higher growth during forecast period 2018-2030. Based on application,the global rack and pinion system with power steeringmarket has been classified into passenger carandcommercial vehicle segments.
Product Definition:
A rack and pinion system with power steering uses a gearbox to convert the rotational motion of the steering wheel into linear motion that turns the tires. This is important because it allows drivers to steer their vehicles with less effort, which can be especially helpful when driving in difficult conditions like snow or ice.
Steering System:
Steering systems are used in automobiles to direct the course of the vehicle. It helps in maintaining balance and prevents skidding of vehicles on account of its use of leverage and centrifugal force. Steering wheel has a hollow core that is filled with air, which provides resistance when turned sharply by using hand or foot controls. The steering system can be manual or power based on the type of vehicle it is installed in.
Component:
The rack and pinion system with power steering is a steering mechanism that uses racks to transfer the power from the engine to the steering wheel. The system has an advantage of being able to steer without using any energy from the engine. It reduces fuel consumption and also helps in better control of vehicles on bad roads.
Application Insights:
The commercial vehicle segment held the largest share of more than 60.0% in 2017. The growth can be attributed to the rising demand for trucks, buses, and coaches from various end-use markets including construction, mining sites, agricultural transportation etc. In addition to this factor, factors such as growing urbanization along with increasing disposable income levels in developing countries are expected to drive the market over the forecast period.
Passenger car is estimated to be one of the fastest-growing application segments during future years owing to increasing consumer preference for higher safety standards and comfort features in cars coupled with rising purchasing power among consumers globally. Moreover, governments across developed nations have made stringent regulations regarding road safety which has resulted in increased production of passenger cars thus driving market growth over projected time frames.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing automotive production in countries, such as China, India, Japan and South Korea. Moreover, rising disposable income of consumers and rapid urbanization are also expected to drive the regional market over the forecast period.
The North American region accounted for a significant share of revenue in 2017 owing to growing demand for improved vehicle safety systems from U.S., Canada and Mexico countries respectively.
Growth Factors:
- Increasing demand for Rack and Pinion System With Power Steering in passenger cars and commercial vehicles
- Growing automotive industry worldwide
- Rising demand for fuel-efficient and low-emission vehicles
- Technological advancements in rack and pinion system with power steering systems
- Increasing adoption of electric vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Rack and Pinion System With Power Steering Market Research Report
By Type
Steering System, Component
By Application
Passenger Car, Commercial Vehicle
By Companies
JTEKT, Knorr-Bremse, Nexteer Automotive, Robert Bosch GmbH, ZF Friedrichshafen, MOOG
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Rack and Pinion System With Power Steering Market Report Segments:
The global Rack and Pinion System With Power Steering market is segmented on the basis of:
Types
Steering System, Component
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 Car, 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:
- JTEKT
- Knorr-Bremse
- Nexteer Automotive
- Robert Bosch GmbH
- ZF Friedrichshafen
- MOOG
Highlights of The Rack and Pinion System With Power 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:
- Steering System
- Component
- By Application:
- Passenger Car
- 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 Rack and Pinion System With Power 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?
A rack and pinion system with power steering is a type of drivetrain that uses a set of gears to send power from the engine to the wheels. This system is typically more efficient than a manual transmission, and it allows for smoother, more responsive steering.
Some of the major companies in the rack and pinion system with power steering market are JTEKT, Knorr-Bremse, Nexteer Automotive, Robert Bosch GmbH, ZF Friedrichshafen, MOOG.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Rack and Pinion System With Power 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. Rack and Pinion System With Power Steering Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Rack and Pinion System With Power Steering Market - Supply Chain
4.5. Global Rack and Pinion System With Power Steering Market Forecast
4.5.1. Rack and Pinion System With Power Steering Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Rack and Pinion System With Power Steering Market Size (000 Units) and Y-o-Y Growth
4.5.3. Rack and Pinion System With Power Steering Market Absolute $ Opportunity
5. Global Rack and Pinion System With Power 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. Rack and Pinion System With Power Steering Market Size and Volume Forecast by Type
5.3.1. Steering System
5.3.2. Component
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Rack and Pinion System With Power 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. Rack and Pinion System With Power Steering Market Size and Volume Forecast by Application
6.3.1. Passenger Car
6.3.2. Commercial Vehicle
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Rack and Pinion System With Power 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. Rack and Pinion System With Power 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 Rack and Pinion System With Power 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. Rack and Pinion System With Power 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 Rack and Pinion System With Power Steering Demand Share Forecast, 2019-2026
9. North America Rack and Pinion System With Power 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 Rack and Pinion System With Power 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 Rack and Pinion System With Power Steering Market Size and Volume Forecast by Application
9.4.1. Passenger Car
9.4.2. Commercial Vehicle
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Rack and Pinion System With Power Steering Market Size and Volume Forecast by Type
9.7.1. Steering System
9.7.2. Component
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 Rack and Pinion System With Power Steering Demand Share Forecast, 2019-2026
10. Latin America Rack and Pinion System With Power 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 Rack and Pinion System With Power 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 Rack and Pinion System With Power Steering Market Size and Volume Forecast by Application
10.4.1. Passenger Car
10.4.2. Commercial Vehicle
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Rack and Pinion System With Power Steering Market Size and Volume Forecast by Type
10.7.1. Steering System
10.7.2. Component
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 Rack and Pinion System With Power Steering Demand Share Forecast, 2019-2026
11. Europe Rack and Pinion System With Power 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 Rack and Pinion System With Power 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 Rack and Pinion System With Power Steering Market Size and Volume Forecast by Application
11.4.1. Passenger Car
11.4.2. Commercial Vehicle
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Rack and Pinion System With Power Steering Market Size and Volume Forecast by Type
11.7.1. Steering System
11.7.2. Component
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 Rack and Pinion System With Power Steering Demand Share, 2019-2026
12. Asia Pacific Rack and Pinion System With Power 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 Rack and Pinion System With Power 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 Rack and Pinion System With Power Steering Market Size and Volume Forecast by Application
12.4.1. Passenger Car
12.4.2. Commercial Vehicle
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Rack and Pinion System With Power Steering Market Size and Volume Forecast by Type
12.7.1. Steering System
12.7.2. Component
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 Rack and Pinion System With Power Steering Demand Share, 2019-2026
13. Middle East & Africa Rack and Pinion System With Power 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 Rack and Pinion System With Power 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 Rack and Pinion System With Power Steering Market Size and Volume Forecast by Application
13.4.1. Passenger Car
13.4.2. Commercial Vehicle
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Rack and Pinion System With Power Steering Market Size and Volume Forecast by Type
13.7.1. Steering System
13.7.2. Component
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 Rack and Pinion System With Power Steering Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Rack and Pinion System With Power Steering Market: Market Share Analysis
14.2. Rack and Pinion System With Power Steering Distributors and Customers
14.3. Rack and Pinion System With Power Steering Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. JTEKT
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Knorr-Bremse
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Nexteer Automotive
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Robert Bosch GmbH
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ZF Friedrichshafen
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. MOOG
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