Power steering systems supplement the torque that the driver applies to the steering wheel. Traditional power steering systems are hydraulic systems, but electric power steering (EPS) is becoming much more common. EPS eliminates many HPS components such as the pump, hoses, fluid, drive belt, and pulley. For this reason, electric steering systems tend to be smaller and lighter than hydraulic systems.
This report contains market size and forecasts of Steering Control Unit in global, including the following market information:
Global Steering Control Unit Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Steering Control Unit Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Steering Control Unit companies in 2021 (%)
The global Steering Control Unit market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Flow-amplifying Factor 1:4 Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Steering Control Unit include Bosch, Eaton, Hella, Costex Tractor Parts, Danfoss, Evamo, DENSO, White Drive Motors & Steering and Meta Hydraulic, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Steering Control Unit manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Steering Control Unit Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Steering Control Unit Market Segment Percentages, by Type, 2021 (%)
Flow-amplifying Factor 1:4
Flow-amplifying Factor 1:3
Flow-amplifying Factor 1:2.5
Flow-amplifying Factor 1:2
Others
Global Steering Control Unit Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Steering Control Unit Market Segment Percentages, by Application, 2021 (%)
Automative
Agriculture Machinery
Construction Equipment
Others
Global Steering Control Unit Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Steering Control Unit Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Steering Control Unit revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Steering Control Unit revenues share in global market, 2021 (%)
Key companies Steering Control Unit sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Steering Control Unit sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Bosch
Eaton
Hella
Costex Tractor Parts
Danfoss
Evamo
DENSO
White Drive Motors & Steering
Meta Hydraulic
Raytheon Anschütz
Shijiazhuang Hanjiu Technology
Sonic Tractor Parts