Hydraulic Steering System Market (Updated Version Available)

In automobiles, power steering is a device that helps drivers steer by augmenting steering effort of the steering wheel. Hydraulic or electric actuators add controlled energy to the steering mechanism, so the driver can provide less effort to turn the steered wheels when driving at typical speeds, and reduce considerably the physical effort necessary to turn the wheels when a vehicle is stopped or moving slowly. Power steering can also be engineered to provide some artificial feedback of forces acting on the steered wheels.
The increased penetration of hydraulic power steering in commercial vehicles is one of the primary drivers for market growth. The conventional hydraulic power steering is largely used in heavy commercial vehicles. Most of the commercial vehicles utilize the hydraulic or the EHS system since the electric power steering (EPS) system has not exceeded the 15 kN barriers. Normally, the power required to steer a truck is more than a car, and there is a huge difference in the front axle load in trucks and cars. A standard car can carry up to 750 Kg, but heavy trucks can take up to 7,500 Kg. Therefore, hydraulic steering is the most common front axle steering for heavy commercial vehicles.
APAC accounted for the major shares of the hydraulic steering system market during 2016 and will continue its dominance throughout the forecast period in the automotive steering system market. The utilization of the hydraulic steering system in full-size SUVs, LCVs, and M&HCVs and the high penetration in countries such as China, India, and Japan will drive the market\'s growth in the region. Moreover, the rising adoption of electrohydraulic power steering (EHPS) in commercial vehicles and the development of similar system, will also contribute to the growth of the market in APAC.
In 2019, the market size of Hydraulic Steering System is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Hydraulic Steering System.

This report studies the global market size of Hydraulic Steering System, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Hydraulic Steering System production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.

In global market, the following companies are covered:
ZF Friedrichshafen
GKN
Nexteer Automotive
ThyssenKrupp


Market Segment by Product Type
Hydraulic Helm Pump
Hydraulic Cylinder
Rigid or Flexible Hoses
Others

Market Segment by Application
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle

Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)