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A global market review of automotive steering systems - Just-Auto.com

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Chapter 1 Introduction Page 4<br />

○<br />

○<br />

○<br />

○<br />

Column Drive Electric Power Steering;<br />

Electrically Powered Hydraulic Steering;<br />

Power Rack & Pinion Steering; and<br />

Recirculating Ball Systems.<br />

Although power rack and pinion <strong>steering</strong> <strong>systems</strong> look set to dominate the<br />

<strong>global</strong> vehicle <strong>market</strong> for some years to <strong>com</strong>e - currently accounting for xx% <strong>of</strong><br />

the <strong>global</strong> <strong>market</strong> - demand is gradually switching to electric power <strong>steering</strong><br />

mainly due to fuel consumption and logistical benefits. Consequently, the main<br />

focus <strong>of</strong> this forward-looking report is on the current <strong>market</strong> and outlook for<br />

electrically-assisted <strong>steering</strong> <strong>systems</strong>.<br />

Chapter two sets out our forecast for product trends, fitment levels and <strong>market</strong><br />

wholesale values for all six types <strong>of</strong> <strong>steering</strong> in Western Europe, North<br />

America, Asia-Pacific and worldwide through 2008. It also identifies some<br />

<strong>market</strong> shares for both electrically assisted <strong>steering</strong> and conventional hydraulic<br />

<strong>steering</strong> <strong>systems</strong> in Europe and North America. All in all, this report provides<br />

no less than 50 <strong>market</strong> volume and value forecasts by region and technology<br />

through 2008.<br />

Chapter three sets out some recent innovations and the forces driving those<br />

technical advances.<br />

The likelihood <strong>of</strong> a future dominated by electric <strong>steering</strong> <strong>systems</strong> is prompting<br />

some <strong>market</strong> participants to strengthen their presence in the <strong>market</strong>, investing<br />

in new plant and equipment and forming new joint ventures. For example,<br />

ThyssenKrupp recently acquired a xx% stake in the Mercedes-Benz<br />

Lenkungen <strong>steering</strong> system subsidiary from DaimlerChrysler, adding €xxx<br />

million a year in sales to its growing Presta <strong>steering</strong> system business. In 20xx,<br />

Toyota and three <strong>of</strong> its partners have formed a new joint-venture, called<br />

Favess, to develop, manufacture and sell drive-by-wire electric power <strong>steering</strong><br />

<strong>systems</strong>.<br />

Chapter four provides pr<strong>of</strong>iles <strong>of</strong> the major <strong>steering</strong> system manufacturers,<br />

including Delphi, NSK, ThyssenKrupp, Toyoda Machine Works, TRW, Visteon,<br />

and ZF Lenksysteme.<br />

© 2004 All content copyright Aroq Ltd. All rights reserved.

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