Automotive Dynamic Steering Market Will Grow 12.1% to a Record $ 2,017.4 Mn by 2026

The Automotive Dynamic Steering Market size is expected to be worth around Us$ 2,017.4 million By 2026, With projected to the growth of 12.1% CAGR over the forecast time frame 2019-2026.

In 2018, Europe held the major share of the global automotive dynamic steering market. The enhanced agility and stability of the huge vehicles at various speeds with the help of dynamic steering is particularly driving market growth. The Western European countries including Germany, France, and Spain are primarily supporting market demand. Additionally, based on research estimates, the mandatory use of intelligent speed adaptation (ISA) system is enforced because it has the potential to reduce overall injury accidents when combined with a dynamic speed limit regime. Apart from these, the major economies of the region including the United Kingdom, Germany, Sweden, Italy and France are major drivers of the European automotive market as they have devoted significant national resources to work aimed at safety standard development.

Furthermore, Asia Pacific is projected to witness the fastest growth throughout the forecast period from 2019 to 2026. The rising per capita income is positively affecting the buying power of individuals which is supporting market growth. The rising environmental concern coupled with the favorable government support in terms of enhanced safety parameters and the use of electric vehicles is further propelling the regional market growth.

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By type, the electric power steering system segment is projected to witness the fastest growth due to the introduction of strict regulations by various governments of major economies. Sequentially, the manufacturers are investing and focusing on the adoption of alternative technologies like flexible fuels, natural gas engines, hybrid electric and all-electric vehicles to grab the available opportunity in the automotive dynamic steering market. The ongoing efforts are expected to increase the number of electric components in a vehicle which will further drive the growth.

Some of the leading competitors are BMW, Ford Motor, Volvo, ZF-TRW, AUDI, Robert Bosch GmbH, Denso Corporation, Danfoss, and Knorr-Bremse among others. Automotive dynamic steering companies have announced new models in the automotive dynamic steering industry. Major players are also entering into new regions or advanced technologies to enhance the driving experience. For instance, according to research estimates of Robert Bosch GmbH, 90% of accidents are attributed to human error and that number can be decreased by the implementation of automated driving technology.

Some of the key observations regarding automotive dynamic steering market include:

• In January 2020, Automobili Lamborghini S.p.A. has announced Huracán EVO Rear-Wheel Drive (RWD) to deliver enhanced driving experience. It's a lightweight car with rear-wheel drive and dynamic steering. Moreover, Lamborghini is an Italian brand and manufacturer of luxury sports cars and SUVs owned by the Volkswagen Group.
• Volvo Trucks is adding Volvo Dynamic Steering (VDS) in its New Year line up model of 2020. The new facility is intended to bring upgraded user driving experience with an electric-over the hydraulic steering assist system. The new steering is particularly designed to improve maneuverability and to lessen the steering efforts of the driver by up to 85% at low speed as well as to maintain a stiffer feel at the highway.
• BMW is likely to introduce an amazing driving experience with its vision M NEXT. The M NEXT is focused on the new facility where the driver can select the driving setting on the steering wheel like in a Formula E race car. The company has also uploaded an animated video on its site depicting the selection of dynamic mode by the driver with a button.
• In December 2014 meeting, the European Electric Vehicle Congress (EEVC) Steering Committee has decided to reactivate EEVC WG 21. EEVC WG 21 is associated with the priorities for enhanced side impact protection in regulation 95 compliant cars.
• Mercedes-Benz unveiled a new car in 2020, which is inspired by James Cameron’s film Avatar. The car is equipped with advanced AI which can even sense the heartbeat and breathing patterns of its driver and passengers. Along with these, the car is touch-sensitive which can start right after the steering wheel touch.

Market Segmentation

Market By Type

Hydraulic Power Steering System

• Electric Power Steering System

Market By Applications

Passenger Cars

Commercial Vehicles

Electric Vehicle

Market By Geography

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa

Key Questions Answered in the Report

The report addresses key questions concerning the market evolution and overarching trends shaping global market growth. Some of the key questions answered in the report include-

- What is the overall structure of the market?

- What was the historical value and what is the forecasted value of the market?

- What are the key product level trends in the market?

- What are the market level trends in the market?

- Which of the market players are leading and what are their key differential strategies to retain their stronghold?

- Which are the most lucrative regions in the market space?

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TABLE OF CONTENT

CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Pure Cashmere
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Automotive Dynamic Steering Market By Type
1.2.2.1. Global Automotive Dynamic Steering Market Revenue and Growth Rate Comparison By Type (2015-2026)
1.2.2.2. Global Automotive Dynamic Steering Market Revenue Share By Type in 2018
1.2.2.3. Hydraulic Power Steering System
1.2.2.3.1. Electric Power Steering System
1.2.3. Automotive Dynamic Steering Market By Applications
1.2.3.1. Global Automotive Dynamic Steering Market Revenue and Growth Rate Comparison By Applications (2015-2026)
1.2.3.2. Global Automotive Dynamic Steering Market Revenue Share By Applications in 2018
1.2.3.3. Passenger Cars
1.2.3.4. Commercial Vehicles
1.2.3.5. Electric Vehicle
1.2.4. Automotive Dynamic Steering Market By Geography
1.2.4.1. Global Automotive Dynamic Steering Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.4.2. North America Automotive Dynamic Steering Market Revenue and Growth Rate(2015-2026)
1.2.4.3. Europe Automotive Dynamic Steering Market Revenue and Growth Rate(2015-2026)
1.2.4.4. Asia-Pacific Automotive Dynamic Steering Market Revenue and Growth Rate(2015-2026)
1.2.4.5. Latin America Automotive Dynamic Steering Market Revenue and Growth Rate(2015-2026)
1.2.4.6. Middle East and Africa (MEA) Automotive Dynamic Steering Market Revenue and Growth Rate(2015-2026)

CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players

CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Pure Cashmere Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Pure Cashmere Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global Pure Cashmere Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global Pure Cashmere Major Manufacturers in 2018

CHAPTER 4. AUTOMOTIVE DYNAMIC STEERING MARKET BY TYPE
4.1. Global Pure Cashmere Revenue By Type
4.2. Hydraulic Power Steering System
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.2.3. Electric Power Steering System

CHAPTER 5. AUTOMOTIVE DYNAMIC STEERING MARKET BY APPLICATIONS
5.1. Global Pure Cashmere Revenue By Applications
5.2. Passenger Cars
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Commercial Vehicles
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. Electric Vehicle
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 6. NORTH AMERICA AUTOMOTIVE DYNAMIC STEERING MARKET BY COUNTRY
6.1. North America Automotive Dynamic Steering Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2. North America Automotive Dynamic Steering Market Revenue Share Comparison, 2015 & 2026 (%)
6.3. U.S.
6.3.1. U.S. Automotive Dynamic Steering Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast By Applications, 2015 - 2026 ($Million)
6.4. Canada
6.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast By Applications, 2015 - 2026 ($Million)

CHAPTER 7. EUROPE AUTOMOTIVE DYNAMIC STEERING MARKET BY COUNTRY
7.1. Europe Automotive Dynamic Steering Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. Europe Automotive Dynamic Steering Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. UK
7.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By Applications, 2015 - 2026 ($Million)
7.4. Germany
7.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By Applications, 2015 - 2026 ($Million)
7.5. France
7.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.5.2. Market Revenue and Forecast By Applications, 2015 - 2026 ($Million)
7.6. Spain
7.6.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.6.2. Market Revenue and Forecast By Applications, 2015 - 2026 ($Million)
7.7. Rest of Europe
7.7.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.7.2. Market Revenue and Forecast By Applications, 2015 - 2026 ($Million)

CHAPTER 8. ASIA-PACIFIC AUTOMOTIVE DYNAMIC STEERING MARKET BY COUNTRY
8.1. Asia-Pacific Automotive Dynamic Steering Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Asia-Pacific Automotive Dynamic Steering Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. China
8.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Applications, 2015 - 2026 ($Million)
8.4. Japan
8.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Applications, 2015 - 2026 ($Million)
8.5. India
8.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By Applications, 2015 - 2026 ($Million)
8.6. Australia
8.6.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By Applications, 2015 - 2026 ($Million)
8.7. South Korea
8.7.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By Applications, 2015 - 2026 ($Million)
8.8. Rest of Asia-Pacific
8.8.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.8.2. Market Revenue and Forecast By Applications, 2015 - 2026 ($Million)

CHAPTER 9. LATIN AMERICA AUTOMOTIVE DYNAMIC STEERING MARKET BY COUNTRY
9.1. Latin America Automotive Dynamic Steering Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Latin America Automotive Dynamic Steering Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. Brazil
9.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Applications, 2015 - 2026 ($Million)
9.4. Mexico
9.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Applications, 2015 - 2026 ($Million)
9.5. Rest of Latin America
9.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Applications, 2015 - 2026 ($Million)

CHAPTER 10. MIDDLE EAST & AFRICA AUTOMOTIVE DYNAMIC STEERING MARKET BY COUNTRY
10.1. Middle East & Africa Automotive Dynamic Steering Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Middle East& Africa Automotive Dynamic Steering Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. GCC
10.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Applications, 2015 - 2026 ($Million)
10.4. South Africa
10.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Applications, 2015 - 2026 ($Million)
10.5. Rest of Middle East & Africa
10.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Applications, 2015 - 2026 ($Million)

CHAPTER 11. COMPANY PROFILE
11.1. BMW
11.1.1. Company Snapshot
11.1.2. Overview
11.1.3. Financial Overview
11.1.4. Product Portfolio
11.1.5. Key Developments
11.1.6. Strategies
11.2. Ford Motor
11.2.1. Company Snapshot
11.2.2. Overview
11.2.3. Financial Overview
11.2.4. Product Portfolio
11.2.5. Key Developments
11.2.6. Strategies
11.3. Volvo
11.3.1. Company Snapshot
11.3.2. Overview
11.3.3. Financial Overview
11.3.4. Product Portfolio
11.3.5. Key Developments
11.3.6. Strategies
11.4. ZF-TRW
11.4.1. Company Snapshot
11.4.2. Overview
11.4.3. Financial Overview
11.4.4. Product Portfolio
11.4.5. Key Developments
11.4.6. Strategies
11.5. AUDI
11.5.1. Company Snapshot
11.5.2. Overview
11.5.3. Financial Overview
11.5.4. Product Portfolio
11.5.5. Key Developments
11.5.6. Strategies
11.6. Robert Bosch GmbH
11.6.1. Company Snapshot
11.6.2. Overview
11.6.3. Financial Overview
11.6.4. Product Portfolio
11.6.5. Key Developments
11.6.6. Strategies
11.7. Denso Corporation
11.7.1. Company Snapshot
11.7.2. Overview
11.7.3. Financial Overview
11.7.4. Product Portfolio
11.7.5. Key Developments
11.7.6. Strategies
11.8. Danfoss
11.8.1. Company Snapshot
11.8.2. Overview
11.8.3. Financial Overview
11.8.4. Product Portfolio
11.8.5. Key Developments
11.8.6. Strategies
11.9. Knorr-Bremse
11.9.1. Company Snapshot
11.9.2. Overview
11.9.3. Financial Overview
11.9.4. Product Portfolio
11.9.5. Key Developments
11.9.6. Strategies
11.10. Others
11.10.1. Company Snapshot
11.10.2. Overview
11.10.3. Financial Overview
11.10.4. Product Portfolio
11.10.5. Key Developments
11.10.6. Strategies

CHAPTER 12. RESEARCH APPROACH
12.1. Research Methodology
12.1.1. Initial Data Search
12.1.2. Secondary Research
12.1.3. Primary Research
12.2. Assumptions and Scope

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