Vehicle Power Steering Cylinders

Vehicle Power Steering Cylinders Market Outlook

The global Vehicle Power Steering Cylinders Market is poised for impressive growth, with a projected market size of approximately USD 10 billion by 2035, exhibiting a compound annual growth rate (CAGR) of around 5.5% during the forecast period from 2025 to 2035. This growth is primarily driven by the increasing demand for advanced steering systems in passenger cars and commercial vehicles, as manufacturers strive to enhance driving comfort and safety features. Furthermore, the rising adoption of electric and hybrid vehicles is significantly contributing to the market expansion, as these vehicles require sophisticated steering technologies to improve energy efficiency and overall performance. Additionally, growing government regulations aimed at reducing carbon emissions are compelling automakers to incorporate more efficient power steering systems, further fueling the demand for vehicle power steering cylinders. Advancements in technology, such as the integration of electric power steering systems, are also playing a critical role in this growth, providing better control and responsiveness while driving.

Growth Factor of the Market

The Vehicle Power Steering Cylinders Market is experiencing a robust growth trajectory due to multiple contributing factors. Firstly, the automotive industry's shift towards electric vehicles (EVs) and hybrids is a major driver, as these vehicles often employ advanced power steering technologies that enhance energy efficiency and driving dynamics. Additionally, the growing consumer preference for vehicles equipped with advanced driver assistance systems (ADAS) and automated driving features is pushing OEMs to innovate and invest in more sophisticated steering systems. Moreover, rising disposable incomes, particularly in developing regions, are leading to increased vehicle ownership, thereby elevating the demand for power steering systems. Furthermore, stringent government regulations aimed at improving vehicle safety standards and reducing emissions are prompting manufacturers to adopt cutting-edge steering cylinder technologies. Lastly, advancements in materials and manufacturing processes are allowing for lighter and more efficient steering systems, thus catering to the evolving needs of the automotive market.

Key Highlights of the Market

• The market is expected to reach USD 10 billion by 2035, demonstrating a CAGR of 5.5% during the forecast period.
• Electric power steering cylinders are becoming increasingly popular due to their energy efficiency and integration with ADAS technologies.
• Growing consumer demand for passenger and commercial vehicles is significantly influencing market growth.
• Regulatory frameworks promoting vehicle safety and reduced emissions are driving the adoption of advanced steering technologies.
• Technological innovations in manufacturing materials are resulting in lighter and more efficient power steering systems.

By Product Type

Hydraulic Power Steering Cylinders:

Hydraulic Power Steering Cylinders have been a traditional choice in the automotive industry, offering reliable performance and superior steering feel. This type of cylinder uses hydraulic fluid to facilitate the steering process, making it easier for drivers to turn the wheel, especially at low speeds. The simplicity of hydraulic systems allows for straightforward repairs and maintenance, appealing to a wide range of vehicle manufacturers. As the market shifts towards more advanced technologies, hydraulic systems continue to hold a significant share due to their proven reliability, especially in commercial vehicles and larger passenger cars. Moreover, ongoing innovations in hydraulic technologies are improving their efficiency, thereby sustaining their relevance in the evolving automotive landscape.

Electric Power Steering Cylinders:

Electric Power Steering Cylinders (EPS) are rapidly becoming the preferred choice for modern vehicles due to their energy efficiency and enhanced control features. Unlike hydraulic systems, EPS utilizes an electric motor to assist with steering, reducing the overall weight of the vehicle and enhancing fuel efficiency, particularly in electric and hybrid vehicles. The integration of EPS with advanced driver assistance systems (ADAS) allows for features such as lane-keeping assistance and automatic steering adjustments, making vehicles safer and easier to drive. The increasing trend toward electrification in the automotive sector is expected to drive the growth of EPS systems, making them a key player in the vehicle power steering market.

Electro-Hydraulic Power Steering Cylinders:

Electro-Hydraulic Power Steering Cylinders combine the benefits of hydraulic systems with electronic controls, providing a unique solution that enhances performance while maintaining the familiar steering feel of traditional hydraulic systems. These systems use electrical energy to control the hydraulic pump, allowing for more precise steering adjustments based on vehicle speed and driving conditions. The flexibility offered by electro-hydraulic systems positions them as a favorable choice for high-performance vehicles and those with advanced safety features. As automakers look to enhance driving dynamics and fuel efficiency, the adoption of electro-hydraulic power steering is expected to grow significantly.

Electro-Mechanical Power Steering Cylinders:

Electro-Mechanical Power Steering Cylinders are an innovative solution that eliminates the need for hydraulic systems altogether, using a purely electric motor for steering assistance. This technology offers advantages such as reduced weight, increased energy efficiency, and the potential for advanced features like variable steering ratios and personalized driver settings. The growing emphasis on weight reduction in electric vehicles is significantly boosting the interest in electro-mechanical systems, as these solutions contribute to overall vehicle performance. Additionally, their compatibility with autonomous driving technologies enhances their appeal in the market.

Electro-Hydraulic-Mechanical Power Steering Cylinders:

Electro-Hydraulic-Mechanical Power Steering Cylinders represent a hybrid approach that combines mechanical, hydraulic, and electrical components to achieve an optimal balance of performance and efficiency. This type of system is designed to provide enhanced steering feedback while still benefiting from the energy savings associated with electric components. The adaptability of these systems allows for fine-tuning based on specific vehicle requirements, making them suitable for a wide range of applications from passenger vehicles to high-end sports cars. As the automotive industry continues to innovate, the demand for hybrid steering solutions like electro-hydraulic-mechanical systems is expected to increase.

By Application

Passenger Cars:

Passenger Cars are the largest segment in the Vehicle Power Steering Cylinders Market, driven by consumer demand for comfort, safety, and performance. The increasing focus on features that enhance the driving experience, such as automated steering adjustments and advanced driver assistance systems, has fueled the adoption of various power steering technologies. As automakers strive to offer vehicles that meet stringent safety standards and improve handling characteristics, the demand for both hydraulic and electric steering systems in passenger cars is expected to remain robust. Additionally, the growing trend towards electric vehicles aligns perfectly with the adoption of more sophisticated power steering solutions, offering manufacturers opportunities to innovate and differentiate their offerings in a competitive market.

Commercial Vehicles:

Commercial Vehicles represent a significant portion of the Vehicle Power Steering Cylinders Market, primarily due to their unique operational requirements and the need for reliable steering systems that can withstand demanding conditions. These vehicles often operate under heavy loads and require steering systems that offer precision and durability. Hydraulic power steering systems are predominantly used in this segment due to their proven reliability and performance under load. However, the transition towards electric steering solutions is also evident, as manufacturers seek to enhance fuel efficiency and reduce overall operational costs. The commercial vehicle segment continues to evolve, and the demand for advanced steering technologies is anticipated to rise as the industry moves towards automation and sustainability.

Off-road Vehicles:

Off-road Vehicles are designed for rugged terrain and challenging driving conditions, necessitating power steering solutions that provide excellent control and responsiveness. This segment benefits from hydraulic power steering systems, which offer the necessary torque and feedback needed when navigating uneven surfaces. However, the increasing popularity of electric and electro-mechanical power steering systems is also making inroads into this market, as they provide additional benefits like reduced weight and improved fuel efficiency. With rising consumer interest in recreational off-road vehicles and utility vehicles, the demand for advanced steering solutions tailored to this segment is expected to grow.

Electric Vehicles:

The Electric Vehicles segment is experiencing remarkable growth, driven by the global shift towards sustainability and carbon reduction. Due to their design, electric vehicles are particularly suited for electric power steering systems, which offer enhanced energy efficiency and integration with advanced technologies. The reduction in mechanical components not only decreases vehicle weight but also enhances battery life, a critical factor in EV performance. As governments worldwide continue to promote the adoption of electric vehicles through incentives and infrastructure development, the demand for sophisticated steering solutions that cater to this segment is expected to increase significantly.

Hybrid Vehicles:

Hybrid Vehicles represent a niche yet growing segment within the Vehicle Power Steering Cylinders Market. These vehicles often combine traditional internal combustion engines with electric propulsion systems, necessitating power steering solutions that optimize both performance and energy efficiency. Electric power steering systems are particularly advantageous in hybrid vehicles because they can adjust steering assistance based on the vehicle's operating mode, leading to improved fuel economy and driving experience. The growing consumer acceptance of hybrid technology, driven by increasing environmental awareness and fuel prices, is expected to bolster the demand for advanced steering technologies tailored for hybrid applications.

By Distribution Channel

OEMs:

The Original Equipment Manufacturers (OEMs) channel remains a dominant force in the Vehicle Power Steering Cylinders Market, as automakers increasingly prioritize high-quality components in their vehicle designs. OEMs often leverage advanced technologies in power steering systems to enhance vehicle performance, safety, and reliability. Additionally, partnerships between OEMs and component manufacturers are becoming more common, allowing for the seamless integration of innovative steering technologies in new vehicle models. With the automotive industry moving towards electrification and advanced automation, OEMs play a crucial role in shaping the future of power steering systems, ensuring that they meet stringent regulatory requirements and consumer expectations.

Aftermarket:

The Aftermarket segment for Vehicle Power Steering Cylinders is witnessing steady growth, fueled by the increasing number of vehicles on the road and the rising trend of vehicle maintenance and upgrades. As older vehicles often require replacement parts for their steering systems, the aftermarket provides an essential channel for consumers looking to enhance their vehicle's performance or replace worn-out components. Furthermore, the demand for performance-oriented upgrades, especially in the aftermarket for off-road and sports vehicles, is driving the growth of advanced power steering solutions. The aftermarket also benefits from growing e-commerce platforms, which make it easier for consumers to access a variety of options for power steering systems, ultimately contributing to the segment's expansion.

By Material Type

Steel:

Steel remains a widely used material in the manufacturing of Vehicle Power Steering Cylinders due to its inherent strength and durability. Steel components can withstand high levels of stress and are essential for applications where reliability is paramount, such as in commercial and heavy-duty vehicles. The material's ability to be molded and shaped into various forms allows for the production of intricate designs that can optimize steering performance. However, as the automotive industry shifts towards lighter materials to improve fuel efficiency, the use of steel is being reevaluated in favor of composite materials or aluminum in certain applications. Nevertheless, steel will continue to be a prevalent choice for many power steering cylinder components, especially where robustness is required.

Aluminum:

Aluminum is increasingly being utilized in Vehicle Power Steering Cylinders due to its lightweight properties, which help enhance vehicle fuel efficiency and overall performance. The ability to reduce weight without compromising structural integrity makes aluminum an attractive alternative to traditional materials like steel. Additionally, aluminum's resistance to corrosion contributes to the longevity of steering components, making it an ideal material for various automotive applications. As electric vehicles and hybrids continue to grow in popularity, the demand for lightweight materials like aluminum in power steering systems is expected to rise, resulting in enhanced vehicle dynamics and performance.

Composite Materials:

Composite Materials are gaining traction in the Vehicle Power Steering Cylinders Market, offering a combination of lightweight properties and high strength. These materials are increasingly being adopted in advanced steering systems where reducing weight is critical for improving fuel efficiency and vehicle dynamics. The versatility of composite materials allows for innovative designs that can enhance the performance of power steering cylinders while reducing overall vehicle weight. As manufacturers seek to develop more sustainable and efficient vehicles, the use of composites in automotive applications is anticipated to grow, positioning them as a key player in the future of power steering technologies.

Others:

In addition to steel, aluminum, and composite materials, other materials such as plastics and specialized alloys are finding applications in the manufacturing of Vehicle Power Steering Cylinders. These materials are often utilized in niche applications or specific components where traditional materials may not perform as effectively. For example, high-performance plastics can be employed in areas that require corrosion resistance and lightweight properties, contributing to the overall efficiency of power steering systems. As the automotive industry continues to innovate and explore new material options, the segmentation of the power steering cylinder market is expected to expand, offering diverse solutions tailored to meet evolving market demands.

By Region

The North American region is a key player in the Vehicle Power Steering Cylinders Market, with the United States being the largest contributor to market revenue. The region's strong automotive industry, characterized by the presence of major manufacturers and a high demand for advanced vehicle technologies, drives the growth of power steering systems. The increasing focus on electric and hybrid vehicles, along with stringent safety regulations, is also boosting the market. Additionally, advancements in technology and the rising consumer preference for comfortable driving experiences are propelling the adoption of various power steering solutions in this region. With a CAGR of 5.2% projected for this segment during the forecast period, North America is expected to maintain its leadership in the power steering market.

Europe follows closely as a significant market for Vehicle Power Steering Cylinders, spurred by the region's commitment to producing environmentally friendly vehicles and a strong push toward electric mobility. The European automotive industry is characterized by a high level of innovation and a focus on integrating advanced technologies into vehicles, driving the demand for electric and hydraulic steering systems. Furthermore, the presence of well-established OEMs and a thriving aftermarket sector are crucial contributors to the growth of this market. As sustainability becomes increasingly important, Europe is expected to witness a CAGR of approximately 4.8% during the forecast period, reaffirming its status as a major player in the global vehicle power steering cylinders market.

Opportunities

The Vehicle Power Steering Cylinders Market is poised for numerous opportunities as the automotive landscape continues to evolve. One significant opportunity lies in the growing demand for electric vehicles and hybrids, which require advanced power steering systems that improve energy efficiency and driving performance. As governments around the world implement stricter emissions regulations, manufacturers are under pressure to innovate and adopt lighter, more efficient steering technologies. The expansion of electric and autonomous vehicles opens new avenues for developing cutting-edge steering systems that enhance safety and driver experience. Moreover, the rise of smart vehicle technologies and connectivity presents opportunities for integrating power steering systems with advanced driver assistance systems (ADAS), further enriching the driving experience and boosting market growth.

Another critical opportunity exists in the aftermarket sector, where the increasing number of vehicles on the road necessitates reliable and high-quality replacement parts for steering systems. As vehicle owners become more aware of the benefits of upgraded steering technologies, the demand for advanced power steering solutions in the aftermarket is expected to grow. Furthermore, the advancement of e-commerce platforms is making it easier for consumers to access a wide range of steering cylinder components, thereby driving sales. Additionally, as manufacturers focus on research and development to optimize materials and production processes, opportunities for collaboration and partnerships between OEMs and component suppliers will increase, paving the way for innovative solutions and sustained market growth.

Threats

While the Vehicle Power Steering Cylinders Market presents several growth opportunities, it is not without its challenges. One significant threat is the rapid pace of technological advancements, which can create a competitive landscape where staying ahead becomes increasingly difficult for manufacturers. Companies may face pressure to invest heavily in research and development to keep up with evolving consumer preferences and regulatory standards. Additionally, the emergence of alternate steering technologies, such as steer-by-wire systems, poses a potential threat to traditional hydraulic and electric steering systems. As new technologies gain traction in the market, established players must adapt quickly or risk losing market share to nimble startups and innovative competitors.

Furthermore, fluctuations in raw material prices can pose a significant threat to the profitability of players within the Vehicle Power Steering Cylinders Market. As manufacturers incorporate a range of materials, including metals and composites, any sudden increase in material costs can strain profit margins and impact overall pricing strategies. Additionally, the global supply chain disruptions experienced during recent years have highlighted vulnerabilities in sourcing key components, leading to potential delays in production and delivery. To mitigate these threats, companies must develop robust supply chain strategies and stay attuned to market trends to ensure they remain competitive in a dynamic environment.

Competitor Outlook

• Bosch
• ZF Friedrichshafen AG
• Schaeffler AG
• Continental AG
• JTEKT Corporation
• Thyssenkrupp AG
• Moog Inc.
• NSK Ltd.
• Delphi Technologies
• Parker Hannifin Corporation
• Hitachi Automotive Systems
• TRW Automotive
• Wabco Holdings Inc.
• Hyundai Mobis
• Aisin Seiki Co., Ltd.

The competitive landscape in the Vehicle Power Steering Cylinders Market is characterized by a mix of established companies and emerging startups, all vying for market share in a rapidly evolving industry. Major players such as Bosch and ZF Friedrichshafen AG dominate the market, leveraging their extensive capabilities in research and development to innovate and produce high-quality steering solutions. These companies have established strong relationships with automotive manufacturers, enabling them to integrate their technologies into a wide range of vehicle platforms. The competition extends beyond traditional hydraulic systems, with many firms investing in electric and hybrid steering technologies to meet the changing demands of the market. Additionally, partnerships and collaborations among these companies are becoming increasingly common as they seek to enhance their product offerings and strengthen their positions in the global market.

Companies such as Schaeffler AG and Continental AG are also significant players, focusing on developing advanced steering technologies that cater to the shifting automotive landscape. Their investments in electric power steering systems and integration with ADAS reflect a broader trend towards electrification and automation within the industry. Meanwhile, emerging companies are exploring niche markets and innovative steering solutions, challenging established players to continuously innovate and adapt. This dynamic environment fosters a competitive atmosphere where collaboration and technological advancements are crucial for success.

Notably, companies like JTEKT Corporation and thyssenkrupp AG are investing heavily in R&D to enhance the performance and efficiency of their power steering systems. Their commitment to sustainability and advanced technologies positions them well for future growth as the demand for electric and hybrid vehicles continues to rise. Furthermore, the increasing emphasis on vehicle safety and comfort drives innovation in the steering sector, prompting leading firms to develop cutting-edge solutions that not only meet regulatory requirements but also enhance the overall driving experience.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Bosch
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 NSK Ltd.
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Moog Inc.
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Hyundai Mobis
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Schaeffler AG
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Continental AG
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 TRW Automotive
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Thyssenkrupp AG
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 JTEKT Corporation
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Delphi Technologies
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Wabco Holdings Inc.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Aisin Seiki Co., Ltd.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 ZF Friedrichshafen AG
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Hitachi Automotive Systems
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Parker Hannifin Corporation
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Vehicle Power Steering Cylinders Market, By Application
    • 6.1.1 Passenger Cars
    • 6.1.2 Commercial Vehicles
    • 6.1.3 Off-road Vehicles
    • 6.1.4 Electric Vehicles
    • 6.1.5 Hybrid Vehicles
  • 6.2 Vehicle Power Steering Cylinders Market, By Product Type
    • 6.2.1 Hydraulic Power Steering Cylinders
    • 6.2.2 Electric Power Steering Cylinders
    • 6.2.3 Electro-Hydraulic Power Steering Cylinders
    • 6.2.4 Electro-Mechanical Power Steering Cylinders
    • 6.2.5 Electro-Hydraulic-Mechanical Power Steering Cylinders
  • 6.3 Vehicle Power Steering Cylinders Market, By Material Type
    • 6.3.1 Steel
    • 6.3.2 Aluminum
    • 6.3.3 Composite Materials
    • 6.3.4 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Vehicle Power Steering Cylinders Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Vehicle Power Steering Cylinders market is categorized based on

By Product Type

• Hydraulic Power Steering Cylinders
• Electric Power Steering Cylinders
• Electro-Hydraulic Power Steering Cylinders
• Electro-Mechanical Power Steering Cylinders
• Electro-Hydraulic-Mechanical Power Steering Cylinders

By Application

• Passenger Cars
• Commercial Vehicles
• Off-road Vehicles
• Electric Vehicles
• Hybrid Vehicles

By Material Type

• Steel
• Aluminum
• Composite Materials
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Bosch
• ZF Friedrichshafen AG
• Schaeffler AG
• Continental AG
• JTEKT Corporation
• Thyssenkrupp AG
• Moog Inc.
• NSK Ltd.
• Delphi Technologies
• Parker Hannifin Corporation
• Hitachi Automotive Systems
• TRW Automotive
• Wabco Holdings Inc.
• Hyundai Mobis
• Aisin Seiki Co., Ltd.