Dublin, Dec. 07, 2018 (GLOBE NEWSWIRE) -- The "Global Commercial Vehicle Steering System Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

Lately, the commercial vehicle market has become competitive with automakers competing with their distinct product offerings. The latest technologies in safety systems are also being used as product differentiators by the OEMs. As a result, the global commercial vehicle market is continuously evolving with changing market dynamics across the globe.

Presently, the commercial vehicle segment is gaining pace in terms of penetration of advanced driver-assisted technologies. Thus, the growing driver-assisted steering technologies for commercial vehicles will drive the commercial vehicle steering system market during the forecast period.

According to the report, one driver in the market is growing preference for M&HCVs for transporting freight.

The presence road transport in emerging countries such as China and India is on the rise. The subsequent increase in the use of heavy, medium, and light-duty vehicles is likely to lower the share of rail transport. In China, traffic congestions are caused mainly due to large heavy-duty trucks transporting goods from inner Mongolia to Beijing.

Further, the report states that one challenge in the market is increasing cost pressure from demand side.

Currently, CV component manufacturers and suppliers are facing challenges in the form of quality requirements and cost pressure from the demand side. Hence, manufacturers need to carve out growth strategies to be profitable in this difficult yet attractive market. The bargaining power in the market is largely concentrated on the demand side of the market.

Key Players

• Bosch
• JTEKT
• Knorr-Bremse
• Nexteer Automotive
• Thyssenkrupp
• ZF Friedrichshafen

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2018
• Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

• Market segmentation by application
• Comparison by application
• LCV - Market size and forecast 2018-2023
• M&HCV - Market size and forecast 2018-2023
• Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic segmentation
• Geographic comparison
• Americas - Market size and forecast 2018-2023
• APAC - Market size and forecast 2018-2023
• EMEA - Market size and forecast 2018-2023
• Key leading countries
• Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 11: MARKET TRENDS

• Continuous advances in automotive steering technology
• Growing pursuit of EHPS in heavy commercial vehicles
• Increasing penetration of steer-by-wire technology
• Innovation in bus steering systems

PART 12: VENDOR LANDSCAPE

• Overview
• Landscape disruption

PART 13: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Bosch
• JTEKT
• Knorr-Bremse
• Nexteer Automotive
• Thyssenkrupp
• ZF Friedrichshafen

For more information about this report visit https://www.researchandmarkets.com/research/hf8357/global_commercial?w=12

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: ResearchAndMarkets.com
         Laura Wood, Senior Press Manager
         press@researchandmarkets.com
         For E.S.T Office Hours Call 1-917-300-0470
         For U.S./CAN Toll Free Call 1-800-526-8630
         For GMT Office Hours Call +353-1-416-8900
Related Topics: Commercial Vehicles, Steering Systems and Components

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.