Automotive Steering System Market Size (2014-2018) Analysis for Global and Chinese Regions

DALLAS, February 16, 2015 /PRNewswire/ --

ChinaMarketResearchReports.com adds Global and China Automotive Steering System Industry Report, 2014-2018 market research of 120 pages, published in February 2015, to the automotive and transportation intelligence collection of its store.

The global automotive steering system market is highly concentrated in six big producers - JTEKT, ZF Lenksysteme, TRW, NSK, Mando and Nexteer, in which JTEKT and ZF Lenksysteme act as leaders with the respective market share of more than 15%. In 2014, the 100% stake of the world's second largest steering system manufacturer - ZF Lenksysteme was taken over by Bosch, while ZF acquired the third-ranked TRW; the fifth largest producer Mando became an independent company focusing on EPS and other parts. Complete research is available at http://www.chinamarketresearchreports.com/115013.html

With the expansion of the automotive market, the demand for steering system has showed steady growth. In 2014, the global automotive steering system market size exceeded 90 million sets with the revenue of USD31.1 billion. EPS has become the dominance of the steering system market, with a share of over 50%. In 2014, Chinese automotive steering system market size increased to 23.89 million sets, of which the demand for passenger car steering system rose to 19.92 million sets. In China, the EPS technology of mainstream companies has been more mature, the product demand has been growing rapidly, and EPS is replacing HPS to be the main role in the automotive steering system market.

In the Chinese market, JTEKT, ZF Lenksysteme and other foreign manufacturers still occupy dominating positions; at the same time, Chinese local enterprises such as CAAS, Zhejiang Shibao, FAWER Automotive Parts, AVIC-Xihang Yubei and ELITE represent huge potentials with higher market share.

As China's largest steering system group, CAAS operates its business through its eight subsidiaries. In 2013, CAAS sold up to 4.27 million sets of steering system, representing a year-on-year increase of 22% and the market share of 19.3%, 1.2 percentage points higher than 2012. In China, CAAS mainly serves Geely, Great Wall Motors, Brilliance Jinbei, BYD, Beiqi Foton, Dongfeng Motor, FAW Group and Chery.

ZF Shanghai Steering Systems is a joint venture set up by Huayu Automotive Systems (49%) and ZF Lenksysteme (51%), with more than 1,500 employees. In 2013, the company sold 2.64 million sets of steering system and held the market share of 11.9%, 3.1 percentage points higher than 2012. Wherein, the company sold 2.12 million sets of EPS with the market share of 23%. The company has established two branches in Yantai and Wuhan, serving customers in North and South China respectively. Wuhan Branch began production in October 2014 and supported Shanghai GM (Wuhan), FAW-Volkswagen Chengdu, Shanghai Volkswagen Changsha, Dongfeng Peugeot Citroen, Changan Ford and other customers. Order a copy of this research at http://www.chinamarketresearchreports.com/contacts/purchase.php?name=115013

The Global and China Automotive Steering System Industry Report, 2014-2018 market research includes data and information for Global and Chinese automotive steering system market size, market structure and competitive landscape; relationship between leading manufacturers and suppliers; Global and Chinese electric steering system (EPS) and hydraulic steering system (HPS) market size, market structure and supply; Financial status, product types, capacity building, output and sales volume of major steering system companies in the world and China.

Comprehensive Table of Contents, list of companies profiled as well as list of charts provided in this research report can be explored further at http://www.chinamarketresearchreports.com/115013-toc.html

On the Automotive and Transportation Industry, ChinaMarketResearchReports.com also offers:

Global and China Automotive Wiring Harness Industry Report, 2014-2015: This research estimates that in 2015 the copper price will go on slumping, Chinese automotive market growth slacken to be 5%, European market continue depressed, American market will be slightly better. Thus, global automotive wiring harness market growth is forecasted to slow down continuingly, there will be lawsuits against wiring harness price manipulation continuously, the wiring harness companies will be forced to lower the price for playing up to administrative institutions and automakers, and the market size will get small growth of 1.3% to attain USD43.5 billion. The three big players including SEI, YAZAKI and FURUKAWA ELECTRIC got decreased sales from their bases in Chinese Mainland. Conversely, these Japanese players strengthened their investment in North America and Southeast Asia. Take YAZAKI as example, it recruited a large number of workers in North America, which made the total employees up over 20% till end of June 2014. It also vigorously expanded capacity in Thailand, Philippines and Vietnam.

Delphi continued to increase its investment in China. On one hand, it set up new production base in Tianjin; on the other hand, it expanded its capacity in Wuhan plant. LEONI invested Tieling of Liaoning in Dec.2013 and built new production base. Read more at http://www.chinamarketresearchreports.com/114978.html

About Us: 

China Market Research Reports is a database of selected syndicated market reports for global and China industries including but not limited to life sciences, information technology and telecommunications, consumer goods, food and beverages, energy and power, automotive and transportation, manufacturing and construction, materials and chemicals, public sector as well as business and financial services. We provide 24/7 online and offline support to our customers.

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