The automotive steering market can be segmented on the basis of types of steering into power steering and manual steering system . Power steering systems can be further categorized into electric power steering ( EPS ) and hydraulic power steering ( HPS ) system . The market is led by the EPS system due to its various advantages over HPS systems and manual steering systems . The latest technology in the power assisted steering system is the combination of electric and hydraulic technology of power steering , which is called electronic hydraulic power steering ( EHPS ) system . Though , the demand for EHPS is expected to decline during the forecasted period , posing a challenge for the automotive steering market .
The major growth drivers for the global automotive steering market are : upsurge in the sales of passenger vehicles , fuel prices & demand for fuel efficient cars and expected increase in the demand for electric power steering systems . Despite the market is governed by various growth drivers , there are certain challenges faced by the market such as : fluctuations in the cost of raw materials and barriers to entry . Some of the recent trends in the market include steer-by-wire technology and advanced driver assistance system ( ADAS ).
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Some points from TOC : 1 . Executive Summary
2 . Introduction 2.1 Introduction to Automotive Steering 2.1.1 Parts of Automotive Steering 2.2 Automotive Steering Mechanism 2.2.1 Rack and Pinion Steering Mechanism 2.2.2 Conventional Steering Mechanism 2.3 Automotive Steering System 2.4 Power Steering System 2.4.1 Hydraulic Power Steering System 2.4.2 Electric Power Steering System
3 . Global Market Analysis 3.1 Global Automotive Steering Market by Value 3.2 Global Automotive Steering Market by Volume 3.3 Global Automotive Steering Market by Segments 3.3.1 Global Manual Steering Market Analysis Global Manual Steering Market by Value Global Manual Steering Market by Volume 3.3.2 Global Hydraulic Power Steering Market Analysis Global Hydraulic Power Steering Market by Value Global Hydraulic Power Steering Market by Volume 3.3.3 Global Electric Power Steering Market Analysis
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