In this report, the United States Commercial Vehicle Steering Systems market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2019 and 2025.
Overview
Vehicle-assisted steering system provides its customers a full range of solutions for its customers' vehicles, which includes automotive front-wheel-drive applications for heavy-duty trucks, commercial vans, minivans, Jeeps, SUVs, and others such applications. Vehicle Steering System thus helps its customers with better handling of heavy-duty vehicles and better control over the movement of their vehicles. The U.S. commercial vehicle steering systems market focuses on six regions namely The West, Southwest, The Middle Atlantic, New England, The South, and The Midwest. The U.S. commercial vehicle steering systems market is expected to witness significant growth during the forecast period, owing to increasing demand for comfort driving and minimum wastage of fuel from consumers.
Market Drivers
Rising production of commercial vehicles is expected to drive growth of the U.S. commercial vehicle steering systems market during the forecast period. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), commercial vehicle production in 2018 was pegged at 25,136,912 units, increasing from 21,994,430 units in 2014. Thus a significant rise in commercial vehicle production has increased the demand for steering systems and thereby driving growth of the U.S. commercial vehicle steering systems market during the forecast period. Furthermore, increasing demand for comfort driving and minimum wastage of fuel from consumers is expected to propel the U.S> commercial vehicle steering systems market growth over the forecast period.
Market Restraints
High cost of the systems is expected to hamper the U.S. commercial vehicle steering systems market growth over the forecast period.
Regional Insights
Among regions, North America is expected to witness significant growth in the U.S. commercial vehicle steering systems market during the forecast period. This is owing to rapid growth of the automotive industry and high per capita ownership of vehicles in the U.S.
Competitive Section
Major companies in the U.S. commercial vehicle steering systems market are ZF Friedrichshafen, Mando Corporation, Mando Corporation, China Automotive Systems, Hyundai Mobis, ThyssenKrupp AG, Robert Bosch, NSK Ltd, and Showa Corporation.
Recently, in October 2019, ZF Friedrichshafen launched active steering technology and new automatic transmission in North America.
Geographically, this report splits the United States market into seven regions:
The West
Southwest
The Middle Atlantic
New England
The South
The Midwest
with sales (volume), revenue (value), market share and growth rate of Commercial Vehicle Steering Systems in these regions, from 2018 to 2025 (forecast).
United States Commercial Vehicle Steering Systems market competition by top manufacturers/players, with Commercial Vehicle Steering Systems sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players including
ZF Friedrichshafen
Mitbushi Electric Corporation
Hyuandi Mobis
Robert Bosch
Showa Corporation
JTEKT Corporation
NSK Ltd
ThyssenKrupp AG
China Automotive Systems
Mando Corporation
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Electronic Power Steering
Hydraulic Power Steering
Electro-hydraulic Power Steering
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Commercial Vehicle Steering Systems for each application, including
Light Commercial Vehicles
Medium Commercial Vehicles
Heavy Commercial Vehicles
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Table of Contents
United States Commercial Vehicle Steering Systems Market Report 2019
1 Commercial Vehicle Steering Systems Overview
1.1 Product Overview and Scope of Commercial Vehicle Steering Systems
1.2 Classification of Commercial Vehicle Steering Systems by Product Category
1.2.1 United States Commercial Vehicle Steering Systems Market Size (Sales Volume) Comparison by Type (2014-2024)
1.2.2 United States Commercial Vehicle Steering Systems Market Size (Sales Volume) Market Share by Type (Product Category) in 2016
1.2.3 Electronic Power Steering
1.2.4 Hydraulic Power Steering
1.2.5 Electro-hydraulic Power Steering
1.3 United States Commercial Vehicle Steering Systems Market by Application/End Users
1.3.1 United States Commercial Vehicle Steering Systems Market Size (Consumption) and Market Share Comparison by Application (2014-2024)
1.3.2 Light Commercial Vehicles
1.3.3 Medium Commercial Vehicles
1.3.4 Heavy Commercial Vehicles
1.4 United States Commercial Vehicle Steering Systems Market by Region
1.4.1 United States Commercial Vehicle Steering Systems Market Size (Value) Comparison by Region (2014-2024)
1.4.2 The West Commercial Vehicle Steering Systems Status and Prospect (2014-2024)
1.4.3 Southwest Commercial Vehicle Steering Systems Status and Prospect (2014-2024)
1.4.4 The Middle Atlantic Commercial Vehicle Steering Systems Status and Prospect (2014-2024)
1.4.5 New England Commercial Vehicle Steering Systems Status and Prospect (2014-2024)
1.4.6 The South Commercial Vehicle Steering Systems Status and Prospect (2014-2024)
1.4.7 The Midwest Commercial Vehicle Steering Systems Status and Prospect (2014-2024)
1.5 United States Market Size (Value and Volume) of Commercial Vehicle Steering Systems (2014-2024)
1.5.1 United States Commercial Vehicle Steering Systems Sales and Growth Rate (2014-2024)
1.5.2 United States Commercial Vehicle Steering Systems Revenue and Growth Rate (2014-2024)
2 United States Commercial Vehicle Steering Systems Market Competition by Players/Suppliers
2.1 United States Commercial Vehicle Steering Systems Sales and Market Share of Key Players/Suppliers (2014-2019)
2.2 United States Commercial Vehicle Steering Systems Revenue and Share by Players/Suppliers (2014-2019)
2.3 United States Commercial Vehicle Steering Systems Average Price by Players/Suppliers (2014-2019)
2.4 United States Commercial Vehicle Steering Systems Market Competitive Situation and Trends
2.4.1 United States Commercial Vehicle Steering Systems Market Concentration Rate
2.4.2 United States Commercial Vehicle Steering Systems Market Share of Top 3 and Top 5 Players/Suppliers
2.4.3 Mergers & Acquisitions, Expansion in United States Market
2.5 United States Players/Suppliers Commercial Vehicle Steering Systems Manufacturing Base Distribution, Sales Area, Product Type
3 United States Commercial Vehicle Steering Systems Sales (Volume) and Revenue (Value) by Region (2014-2019)
3.1 United States Commercial Vehicle Steering Systems Sales and Market Share by Region (2014-2019)
3.2 United States Commercial Vehicle Steering Systems Revenue and Market Share by Region (2014-2019)
3.3 United States Commercial Vehicle Steering Systems Price by Region (2014-2019)
4 United States Commercial Vehicle Steering Systems Sales (Volume) and Revenue (Value) by Type (Product Category) (2014-2019)
4.1 United States Commercial Vehicle Steering Systems Sales and Market Share by Type (Product Category) (2014-2019)
4.2 United States Commercial Vehicle Steering Systems Revenue and Market Share by Type (2014-2019)
4.3 United States Commercial Vehicle Steering Systems Price by Type (2014-2019)
4.4 United States Commercial Vehicle Steering Systems Sales Growth Rate by Type (2014-2019)
5 United States Commercial Vehicle Steering Systems Sales (Volume) by Application (2014-2019)
5.1 United States Commercial Vehicle Steering Systems Sales and Market Share by Application (2014-2019)
5.2 United States Commercial Vehicle Steering Systems Sales Growth Rate by Application (2014-2019)
5.3 Market Drivers and Opportunities
6 United States Commercial Vehicle Steering Systems Players/Suppliers Profiles and Sales Data
6.1 ZF Friedrichshafen
6.1.1 Company Basic Information, Manufacturing Base and Competitors
6.1.2 Commercial Vehicle Steering Systems Product Category, Application and Specification
6.1.2.1 Product A
6.1.2.2 Product B
6.1.3 ZF Friedrichshafen Commercial Vehicle Steering Systems Sales, Revenue, Price and Gross Margin (2014-2019)
6.1.4 Main Business/Business Overview
6.2 Mitbushi Electric Corporation
6.2.2 Commercial Vehicle Steering Systems Product Category, Application and Specification
6.2.2.1 Product A
6.2.2.2 Product B
6.2.3 Mitbushi Electric Corporation Commercial Vehicle Steering Systems Sales, Revenue, Price and Gross Margin (2014-2019)
6.2.4 Main Business/Business Overview
6.3 Hyuandi Mobis
6.3.2 Commercial Vehicle Steering Systems Product Category, Application and Specification
6.3.2.1 Product A
6.3.2.2 Product B
6.3.3 Hyuandi Mobis Commercial Vehicle Steering Systems Sales, Revenue, Price and Gross Margin (2014-2019)
6.3.4 Main Business/Business Overview
6.4 Robert Bosch
6.4.2 Commercial Vehicle Steering Systems Product Category, Application and Specification
6.4.2.1 Product A
6.4.2.2 Product B
6.4.3 Robert Bosch Commercial Vehicle Steering Systems Sales, Revenue, Price and Gross Margin (2014-2019)
6.4.4 Main Business/Business Overview
6.5 Showa Corporation
6.5.2 Commercial Vehicle Steering Systems Product Category, Application and Specification
6.5.2.1 Product A
6.5.2.2 Product B
6.5.3 Showa Corporation Commercial Vehicle Steering Systems Sales, Revenue, Price and Gross Margin (2014-2019)
6.5.4 Main Business/Business Overview
6.6 JTEKT Corporation
6.6.2 Commercial Vehicle Steering Systems Product Category, Application and Specification
6.6.2.1 Product A
6.6.2.2 Product B
6.6.3 JTEKT Corporation Commercial Vehicle Steering Systems Sales, Revenue, Price and Gross Margin (2014-2019)
6.6.4 Main Business/Business Overview
6.7 NSK Ltd
6.7.2 Commercial Vehicle Steering Systems Product Category, Application and Specification
6.7.2.1 Product A
6.7.2.2 Product B
6.7.3 NSK Ltd Commercial Vehicle Steering Systems Sales, Revenue, Price and Gross Margin (2014-2019)
6.7.4 Main Business/Business Overview
6.8 ThyssenKrupp AG
6.8.2 Commercial Vehicle Steering Systems Product Category, Application and Specification
6.8.2.1 Product A
6.8.2.2 Product B
6.8.3 ThyssenKrupp AG Commercial Vehicle Steering Systems Sales, Revenue, Price and Gross Margin (2014-2019)
6.8.4 Main Business/Business Overview
6.9 China Automotive Systems
6.9.2 Commercial Vehicle Steering Systems Product Category, Application and Specification
6.9.2.1 Product A
6.9.2.2 Product B
6.9.3 China Automotive Systems Commercial Vehicle Steering Systems Sales, Revenue, Price and Gross Margin (2014-2019)
6.9.4 Main Business/Business Overview
6.10 Mando Corporation
6.10.2 Commercial Vehicle Steering Systems Product Category, Application and Specification
6.10.2.1 Product A
6.10.2.2 Product B
6.10.3 Mando Corporation Commercial Vehicle Steering Systems Sales, Revenue, Price and Gross Margin (2014-2019)
6.10.4 Main Business/Business Overview
7 Commercial Vehicle Steering Systems Manufacturing Cost Analysis
7.1 Commercial Vehicle Steering Systems Key Raw Materials Analysis
7.1.1 Key Raw Materials
7.1.2 Price Trend of Key Raw Materials
7.1.3 Key Suppliers of Raw Materials
7.1.4 Market Concentration Rate of Raw Materials
7.2 Proportion of Manufacturing Cost Structure
7.2.1 Raw Materials
7.2.2 Labor Cost
7.2.3 Manufacturing Expenses
7.3 Manufacturing Process Analysis of Commercial Vehicle Steering Systems
8 Industrial Chain, Sourcing Strategy and Downstream Buyers
8.1 Commercial Vehicle Steering Systems Industrial Chain Analysis
8.2 Upstream Raw Materials Sourcing
8.3 Raw Materials Sources of Commercial Vehicle Steering Systems Major Manufacturers in 2016
8.4 Downstream Buyers
9 Marketing Strategy Analysis, Distributors/Traders
9.1 Marketing Channel
9.1.1 Direct Marketing
9.1.2 Indirect Marketing
9.1.3 Marketing Channel Development Trend
9.2 Market Positioning
9.2.1 Pricing Strategy
9.2.2 Brand Strategy
9.2.3 Target Client
9.3 Distributors/Traders List
10 Market Effect Factors Analysis
10.1 Technology Progress/Risk
10.1.1 Substitutes Threat
10.1.2 Technology Progress in Related Industry
10.2 Consumer Needs/Customer Preference Change
10.3 Economic/Political Environmental Change
11 United States Commercial Vehicle Steering Systems Market Size (Value and Volume) Forecast (2019-2024)
11.1 United States Commercial Vehicle Steering Systems Sales Volume, Revenue Forecast (2019-2024)
11.2 United States Commercial Vehicle Steering Systems Sales Volume Forecast by Type (2019-2024)
11.3 United States Commercial Vehicle Steering Systems Sales Volume Forecast by Application (2019-2024)
11.4 United States Commercial Vehicle Steering Systems Sales Volume Forecast by Region (2019-2024)
12 Research Findings and Conclusion
13 Appendix
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
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