Steering is the collection of components, linkages, etc. which allows any vehicle (car, motorcycle, bicycle) to follow the desired course. An exception is the case of rail transport by which rail tracks combined together with railroad switches provide the steering function. The primary purpose of the steering system is to allow the driver to guide the vehicle.
One trend in the market is enhanced bus steering system to reduce fuel consumption. The majority of the buses on the road has a steering system with conventional power steering pumps. This type of steering system is powered by the internal combustion engine, which eventually utilizes the fuel for it. One driver in the market is growing steering assisted technologies for buses. The bus market is continuously evolving with changing market dynamics across the globe. The global bus market has become competitive in nature with automakers competing through their distinct product offerings. The latest technologies in safety systems are also being used as product differentiators by the OEMs or automakers in their vehicles.
APAC is expected to be the major revenue contributor to the steering angle sensor market throughout the forecast period. Factors such as the increased volume of buses and the rising demand for safety and comfort in buses will increase the replacement of older buses and will drive the growth of the bus steering system market in APAC.
Global Bus Steering System Market Professional Survey Report 2019 is a professional and in-depth study and available exclusively through Trusted Business Insights. Annual estimates and forecasts are provided for the period 2018 through 2025. Also, a five-year historic analysis is provided for these markets in this 103 pages report.
This market report provides in-depth analytics of the Bus Steering System industry including definition, classification, application and industry chain structure. The report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share, and contact information.
Bus Steering System market report includes an in-depth analysis of the competitive landscape of this business vertical, constituting companies like:
Products Segmentation, this report displays the production, revenue, price, market share, and growth rate of each type as below:
Mechanical Steering System
Power Steering System
By Industrial Application, the market can be split into:
Market Segment by Regions includes:
- North America (the USA, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America
- Middle East and Africa.