COVID-19 Impact & Recovery Analysis- Light-duty Truck Steering System Market (2019-2023) | Increased Demand for Transportation and Logistics to Boost Growth

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Technavio has been monitoring the light-duty truck steering system market and it is poised to grow by USD 2.12 billion during 2019-2023, progressing at a CAGR of 6% 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.

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Technavio has announced its latest market research report titled Global Light-duty Truck Steering System Market 2019-2023 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report of 2020-2024 on COVID-19 Impact

The market is highly concentrated, and the degree of concentration will accelerate during the forecast period. Bosch GmbH, JTEKT Corporation, Knorr-Bremse AG, Nexteer Automotive, thyssenkrupp AG, and ZF Friedrichshafen AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Increased demand for transportation and logistics has been instrumental in driving the growth of the market.

Light-duty Truck Steering System Market 2019-2023: Segmentation

Light-duty Truck Steering System Market is segmented as below:

  • Type
  • Geographic Landscape

    • The Middle East and Africa
    • APAC
    • Europe
    • North America
    • South America

To learn more about the global trends impacting the future of market research, download latest free sample report of 2020-2024: https://www.technavio.com/talk-to-us?report=IRTNTR30835

Light-duty Truck Steering System Market 2019-2023: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our light-duty truck steering system market report covers the following areas:

  • Light-duty Truck Steering System Market size
  • Light-duty Truck Steering System Market trends
  • Light-duty Truck Steering System Market analysis

This study identifies the growing adoption of steer-by-wire technology in light-duty trucks as one of the prime reasons driving the light-duty truck steering system market growth during the next few years.

Light-duty Truck Steering System Market 2019-2023: Vendor Analysis

We provide a detailed analysis of vendors operating in the light-duty truck steering system market, including some of the vendors such as Bosch GmbH, JTEKT Corporation, Knorr-Bremse AG, Nexteer Automotive, thyssenkrupp AG, and ZF Friedrichshafen AG. Backed with competitive intelligence and benchmarking, our research reports on the light-duty truck steering system market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Light-duty Truck Steering System Market 2019-2023: Key Highlights

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will assist light-duty truck steering system market growth during the next five years
  • Estimation of the light-duty truck steering system market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the light-duty truck steering system market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of light-duty truck steering system market vendors

Table Of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

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 TYPE

  • Market segmentation by type
  • Comparison by type
  • EPS – Market size and forecast 2018-2023
  • HPS – Market size and forecast 2018-2023
  • EHPS – Market size and forecast 2018-2023
  • Market opportunity by type

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2018-2023
  • APAC – Market size and forecast 2018-2023
  • Europe – Market size and forecast 2018-2023
  • South America – Market size and forecast 2018-2023
  • Middle East and Africa – Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 10: TRENDS

  • Steer-by-wire technology to gain adoption in light-duty trucks
  • Integration of electronics and safety systems in steering system
  • Development of independent wheels steering system

PART 11: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 12: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Bosch GmbH
  • JTEKT Corporation
  • Knorr-Bremse AG
  • Nexteer Automotive
  • thyssenkrupp AG
  • ZF Friedrichshafen AG

PART 13: APPENDIX

  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus 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.

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