Le Lézard
Classified in: Covid-19 virus
Subject: Photo/Multimedia

Commercial Vehicle Steering System Market Size to Increase by 650 Thousand Units Over 2020-2024 | Technavio

Technavio has been monitoring the commercial vehicle steering system market and it is poised to grow by 0.65 million units during 2020-2024, progressing at a CAGR of almost 1% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

For a More Detailed Analysis, Get a Free Sample Report Delivered Instantly

Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the commercial vehicle steering system market. The market growth in 2020 is likely to decrease compared to the market growth in 2019.

Frequently Asked Questions:

Related Reports on Consumer Discretionary Include:

Global Automotive Steering Gearbox Market - Global automotive steering gearbox market is segmented by application (electric power steering, hydraulic power steering, and electro-hydraulic power steering) and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report

Global ATV Steering System Market - Global ATV steering system market is segmented by end-user (OEMs and aftermarket) and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report

Develop Smart Strategies for Your Business: Get a Free Sample Report Now!

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Hyundai Mobis Co. Ltd., JTEKT Corp., Knorr-Bremse AG, Mando Corp., Melrose Industries Plc, Nexteer Automotive Corp., Robert Bosch GmbH, Showa Corp., ThyssenKrupp AG, and ZF Friedrichshafen AG are some of the major market participants. Although the electrification of automotive components will offer immense growth opportunities, the increasing cost pressure faced by OEMs is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this commercial vehicle steering system market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Commercial Vehicle Steering System Market 2020-2024: Segmentation

Commercial Vehicle Steering System Market is segmented as below:

Give Your Business a Head Start for 2021: Download Our Free Sample Report

Commercial Vehicle Steering System Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The commercial vehicle steering system market report covers the following areas:

This study identifies the development of independent wheel steering systems as one of the prime reasons driving the Commercial Vehicle Steering System Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.

Subscribe to World-Class Market Intelligence and gain instant access to 17,000+ market research reports and connect with expert analysts

Commercial Vehicle Steering System Market 2020-2024: Key Highlights

Table of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Application

Customer Landscape

Geographic Landscape

Vendor Landscape

Vendor Analysis


About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

These press releases may also interest you

at 07:20
Sixpoint Partners, a leading global investment bank serving the middle market, announced today the successful closing of Sheridan Capital Partners Fund II, L.P. (together with its parallel fund, "Fund II" or the "Fund"), above the hard cap with $306...

at 07:15
The "Global Nutritional/Functional Bars Market" report has been added to ResearchAndMarkets.com's offering. This report studies the global market for nutritional/functional bars from 2019 as a base year and provides estimates for each year of the...

at 07:15
The "Nine Mega Trends Radically Accelerated by COVID-19" report has been added to ResearchAndMarkets.com's offering. Mega Trend Universe encompasses transformative, global forces that define the future world with their far-reaching impact on...

at 07:15
Citrus flavors are one of the most significant products used in the food & beverage industry. In the beverage industry, non-alcoholic beverages, alcoholic beverages, soft drinks, and instant beverages are major segments that account for higher...

at 07:15
The "Solid-State Transformer Market by Voltage Level (HV/MV, MV/LV), Application (Renewable Power Generation, Automotive, Power Grids, Traction Locomotives, and Others), and Region - Global Forecast to 2030" report has been added to...

at 07:10
JetBlue today announced the appointment of Monte Ford to its board of directors. The independent director appointment is effective immediately, following approval by the company's board of directors. Ford joins JetBlue's board with technology...

News published on 4 december 2020 at 23:05 and distributed by: