Research and Markets - Global Steering & Active Steering Market Worth USD 28,911.8 Million by 2022 - Analysis, Technologies & Forecasts Report 2016-2022 - Key Vendors: Thyssenkrupp, Jtekt Corp, Nsk

DUBLIN, May 20, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Steering & Active Steering Market Analysis & Forecast - 2016 to 2022" report to their offering.

In terms of value, the steering market is estimated to reach $28,911.8 million by 2022 at a CAGR of 2.8% through the forecast period. The steering market is expected to grow with a significant rate during the forecast period due to a low rate of development in EPS systems in commercial vehicles and steer-by-wire technology. However, high cost of assisted power steering system and fluctuations in the price of raw materials are restraining the overall growth of the global steering market.

The global steering market is expected to grow at a significant rate during the forecast period between 2016 and 2022 due to a low rate of development of EPS systems in commercial vehicles and steer-by-wire technology. An increase in global vehicle production, rising popularity of plug-in light vehicles, and fuel consumption and logistical benefits provided by EPS systems are some of the factors driving the growth of global steering market. With a growing popularity of the market, BIS Research has published a report titled, Global Steering Market, Estimation & Forecast 2016-2022 incorporating a comprehensive segmentation of the market into types, components and geography.

Questions Answered:

• What are the prevailing types and components used in steering systems?
• What are the different factors driving the market in the forecast period?
• What are the factors restraining the growth of Global Steering Market?
• Which region will lead the Global Steering Market by the end of forecast period?

Companies Mentioned:

• Robert bosch gmbh
• Zf friedrichshafen ag
• Jtekt corporation
• Nsk ltd.
• Nexteer automotive group limited
• Hitachi ltd.
• Showa corporation
• Sona koyo steering systems ltd.
• Thyssenkrupp ag
• Hyundai mobis co. Ltd.

Report Structure:

1 EXECUTIVE SUMMARY

2 REPORT SCOPE

3 RESEARCH METHODOLOGY

4 INDUSTRY ANALYSIS

5 MARKET DYNAMICS

6 COMPETITIVE INSIGHTS

7 STEERING MARKET, BY TYPE

8 STEERING MARKET, BY COMPONENT

9 STEERING MARKET, BY GEOGRAPHY

10 COMPANY PROFILES

11 APPENDIX

For more information visit http://www.researchandmarkets.com/research/zq6fkr/global_steering

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SOURCE Research and Markets