Dublin, Sept. 27, 2021 (GLOBE NEWSWIRE) -- The "China Automotive Steering System Industry Report, 2021" report has been added to ResearchAndMarkets.com's offering.
Automotive steering system research: EPS dominates the market, SBW prepares for fully autonomous driving
After hundreds of years of development, automotive steering systems have derived HPS, EHPS, EPS, SBW and other types. At present, HPS (hydraulic power steering) and EHPS (electronic hydraulic power steering) have been widely used in commercial vehicles, while EPS (electric power steering) is mainly applied to passenger cars, and SBW (Steer-by-Wire) has the lowest penetration rate.
EPS occupies the passenger car market, while HPS and EHPS dominate the commercial vehicle market
In Chinese passenger car steering system market, the share of EPS has increased from 80.1% in 2016 to 96.4% in 2020; only a small number of passenger cars adopt HPS and EHPS solutions. Relatively speaking, the higher the price of cars, the higher the proportion of EPS solutions applied.
Due to its small size, low power consumption, light weight and flexibility, EPS is the first choice for new energy vehicles. EPS accounted for 99.91% of the new energy passenger car market in 2020, and this proportion is expected to reach 100% in the future.
HPS and EHPS are usually seen in most commercial vehicles, especially heavy-duty vehicles, thanks to their high power and low prices. In 2020, China's commercial vehicle steering systems were still dominated by HPS and EHPS, of which EHPS made up for 40.1%. However, the market shares of HPS and EHPS will gradually be grabbed by EPS in the future because they not only consume lots of power, but also cause hydraulic oil leakage, which do not meet environmental protection requirements.
The EPS penetration rate of local passenger car brands is gradually increasing. In the Chinese passenger car market, the EPS penetration rate of Chinese passenger car brands is much lower than that of foreign passenger car brands. In 2020, the former was 90.7%, while the latter hit as high as 100%. However, with the gradual tightening of environmental protection, local brands will gradually abandon the polluting steering systems such as HPS and EHPS. By 2026, the EPS penetration rate of Chinese passenger car brands is expected to reach 100%.
Multinational companies dominate the market, while local companies strive to survive
At present, the global automotive steering system market is mainly occupied by vendors such as JTEKT, Bosch, ZF, ThyssenKrupp, NSK, Mando, Hitachi Astemo. These multinational companies have deployed the Chinese market through sole proprietorship or joint ventures, firmly occupied the supply channels of luxury and joint venture brand automakers, and penetrated into the supply system of local automakers.
There are more than 100 local companies in China, but most of them are small companies targeting the aftermarket with weak competitiveness. Zhejiang Shibao, CAAS, Elite, Nexteer Automotive, etc. which have relatively strong competitiveness can compete with multinational giants. For example, Nexteer Automotive and Zhejiang Shibao have entered the supply systems of American, German and Japanese automakers by virtue of their robust strength, and have taken places in the siege of multinational companies.
Key Topics Covered:
1. Introduction to Automotive Steering System
1.5.1 EPS Classification
1.6 SBW System
1.6.1 Structure of SBW System
1.6.2 Road Sense Feedback Control Strategy of SBW System
1.6.3 Steering Execution Control Strategy of SBW System
1.6.4 Redundant Design of SBW System
1.6.5 Classification of SBW System
1.7 Industry Chain
2. Automotive Steering System Market
2.1 Development History
2.2 Application of Various Products
2.3 Market Size
2.4 Market Structure
2.5 Major Market Players
2.6 Competitive Landscape
2.7 Trends of Automotive Steering Application
2.8 Trends of Automotive Steering Technology
3. Automotive Steering System Market Segments
3.1.1 Market Size
3.1.2 Penetration Rate
3.1.3 Market Structure
3.1.4 EPS SWOT Analysis
3.3.1 SBW and Chassis-by-Wire
3.3.2 Layout of Vendors in the SBW Field
3.3.3 Layout of Automakers in the SBW Field
3.3.4 Layout of Automakers --- Infiniti's SBW System
3.3.4 Layout of Automakers --- Electronic Mechanical SBW system of Great Wall
3.3.5 Comparison of Main SBW Products/Technologies
3.3.6 SBW Patent Application
3.3.7 SBW-related standards
3.3.8 Difficulties in SBW Development
3.3.9 SBW SWOT Analysis
3.3.10 Prediction for SBW Market Size
4. Domestic Automotive Steering System Companies
4.1 Nexteer Automotive
4.2 Zhejiang Shibao
4.3 Fuxin Dare Automotive
4.4 China Automotive Systems (CAAS)
4.5 FAWER Automotive Parts
4.7 Zhejiang Wanda
4.8 Jiangmen Xingjiang
4.9 Yubei Steering System
4.10 Jiangsu Golden Transmission Co., Ltd.
4.11 VIE Pump
4.12 Shandong Xianhe Yuexin Electromechanical Co., Ltd.
4.13 Nanjing Donghua Intelligent Steering System Co., Ltd.
4.14 Jiangsu Gangyang Co., Ltd.
4.15 Jiangsu Nanyang Nisemo Auto Parts Co., Ltd.
4.16 Defu Steering
4.17 Hubei Tri-Ring Group
4.18 Ningbo Tuopu Group
5. Foreign Automotive Steering System Companies
5.2.7 Development in China
5.4 Hitachi Astemo
For more information about this report visit https://www.researchandmarkets.com/r/ot2djj
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