What is Rear Wheel Steering Market?
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.
Highlights from Rear Wheel Steering Market Study
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | 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) |
Research Analyst at AMA predicts that German Vendors will contribute to the maximum growth of Global Rear Wheel Steering market throughout the forecasted period.
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) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Ford Motor Company (United States) and AB Volvo (Sweden). Rear Wheel Steering Market Segmentation:
Scope | Sub-Segments |
---|
Application / End User | Passenger Vehicle, Light Commercial Vehicle and Heavy Commercial Vehicle |
Type | Passive Steering and Active Steering |
Component Type | Cylinder Unit,Power Unit |
On the basis of geography, the market of Rear Wheel Steering has been segmented into 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Key players Continuously Focusing on the Development of Rear Axle for Increased Stability and Improved Maneuverability and Advent of Steer-By-Wire Technology by Top Players
Market Growth Drivers:
Rising Production of Vehicles with Lightweight Fuel-Efficient Automotive Parts and Increasing Consumer Preference for Driving Comfort
Challenges:
Economic Slowdown in Numerous Geographic Regions Includes Europe, and Japan might restraint in the Production of Vehicle
Restraints:
High Cost of Rear Wheel Steering Vehicles
Opportunities:
The Optimization of Cost Efficiency Programs and Fuel-Driven Combustion Engines
Key Target Audience
Steering system manufacturers, Electric motor manufacturers, Speed sensor manufacturers, Torque sensor manufacturers, Rotational angle sensor manufacturers and Others
Market Leaders & Development Strategies
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.
In United States, advancing technology, coupled with the wish to improve occupant safety by elimination of the mechanical steering column, and the production advantages associated with easier transfer of the steering control between left and right hand drive vehicles, has led to a review of the traditional approach and the Regulation is now amended to take account of the new technologies.