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

Chapter 2 The market Page 6
Market players
The main manufacturers of steering systems are Delphi, Koyo Seiko, NSK,
ThyssenKrupp, Toyoda Machine Works, TRW Automotive, Visteon and ZF
Lenksysteme. Table 1 summarises the major players’ business activities.
Table 1: Major steering system and column manufacturers’ business activities
Manufacturer
Business summary
Delphi
Koyo Seiko
NSK
ThyssenKrupp
Toyoda Machine Works
TRW Automotive
Visteon
ZF Lenksysteme
Source: just-auto.com
Market shares
Electric steering systems
On the world stage, TRW is the world’s largest supplier of electrically assisted
steering systems, closely followed by Koyo Seiko, NSK and Delphi. Koyo
Seiko expects to produce about 10 million EPS units in 20xx, up from xx
million in 20xx. NSK sold xx million EPS units in 20xx, xx million units in 2002
and expect to sell some xx million units in 2006 and 6 million in 20xx, of which
around xx% will be produced outside Japan. In 2001, NSK spun off its EPS
business into a separate company, NSK Steering Systems Co Ltd, in a bid to
accelerate development and production.
In Europe, the main EPS competitors are TRW, Koyo Seiko, Delphi and NSK.
TRW also leads the electro-hydraulic steering systems market in Europe. ZF
Lenksysteme claims to lead the European steering systems market for
commercial vehicles (over 6-tonnes) with a xx% share. The German supplier
claims a xx% share of the total European steering market. Koyo Seiko entered
the European EPS market in 19xx, supplying under a joint venture with
Renault. In 20xx, the company further strengthened its presence in Europe,
setting up the joint venture, Electric Power Steering Components Europe sro,
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