November 21, 2017

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The Global Automotive Steering Pump Market Is Forecasted To Grow At A CAGR Of 7.62% During The Period 2017-2021

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NEW YORK, Nov. 14, 2017 /PRNewswire/ — About Automotive Steering Pump

Automotive steering pumps assist the moment of power steering system by applying the principle of fluid mechanics. Steering pumps influence the performance, energy consumption, and noise level of the steering system in the vehicle. They are designed to maximize the highest delivery capacity and efficiency with a flat and compact design concept. Based on the type of vehicles, the global automotive steering pump market has been divided into three segments: passenger cars, LCVs, and M&HCVs.

Read the full report: https://www.reportlinker.com/p05192386

Technavio’s analysts forecast the global automotive steering pump market to grow at a CAGR of 7.62% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global automotive steering pump market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

Americas APAC EMEA

Technavio’s report, Global Automotive Steering Pump Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

Bosch Nexteer ZF

Other prominent vendors

Melling Tool Company Hitachi Automotive Systems Americas Power Steering Associates JTEKT Corporation GKN ATS Automation Tooling Systems

Market driver

High penetration of HPS in the commercial vehicle segment For a full, detailed list, view our report

Market challenge

Increasing adoption of EPS systems For a full, detailed list, view our report

Market trend

Electrification of mechanical components For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.

Read the full report: https://www.reportlinker.com/p05192386

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