Market Highlights:
The rear wheels are steered by an actuators. It consists essentially two components such as the cylinder unit which is integrated with position sensors & valve and power unit, consisting a motor-driven electric pump and control unit. The most demanding requirements by commercial vehicles in the current scenario transportation can only be satisfied on the rear axle through use of an innovative steering system with electronic interface. The market study is being classified by Type (Passive Steering and Active Steering), by Application (Passenger Vehicle, Light Commercial Vehicle and Heavy Commercial Vehicle) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).

Key Players:
The prominent players in the Rear Wheel Steering are Delphi Technologies (United Kingdom), ZF TRW (United States), Robert Bosch (Germany), Continental AG (Germany), JTEKT Corporation (Japan), Hyundai Mobis (South Korea), Audi AG (Germany), BMW (Germany), Honda (Japan), China Automotive Systems (China) and Nexteer Automotive (United States).

The Component Type, such as Cylinder Unit, is boosting the Rear Wheel Steering market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

Major Market Development Highlights
In March 2018, Nexteer and WABCO announced a partnership in which WABCO will supply active steering systems for commercial vehicles using Nexteer’s Magnetic Torque Overlay (MTO) technology.


Key Questions Answered in the Report
What will the Rear Wheel Steering Market size and the growth rate be in Future?
What are the key factors driving the Rear Wheel Steering Market?
What are the key market trends and macro-economic impacting the growth of the Rear Wheel Steering Market?
What are the challenges to market growth?
Who are the key vendors in the Rear Wheel Steering Market?
What are the market opportunities and threats faced by the vendors in the Rear Wheel Steering Market?
Trending factors influencing the market shares of the Vendors.
What are the key outcomes of the five forces analysis of the Rear Wheel Steering Market?

Refer complete Table of Content of Rear Wheel Steering Market Study

Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Rear Wheel Steering market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Rear Wheel Steering market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Steering system manufacturers, Electric motor manufacturers, Speed sensor manufacturers, Torque sensor manufacturers, Rotational angle sensor manufacturers and Others.
This helps us to gather the data for the players’ revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.