November 14, 2018: Power steering
systems provide easy navigation of vehicle for drivers at typical speeds over
traditional steering system. In today’s market, the power steering system is
available in almost every vehicle ranging from passenger cars to heavy
commercial vehicles. The essential components of the power steering system
include power steering fluid, steering pump, rack and pinion, and power
steering fluid filter among others.
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 |
| Power Steering Filter |
The
power steering fluid filter ensures that no debris like metal, rust get into
the power steering fluid clogging the pump resulting in failure of the system.
The global power steering filter market is expected to grow in the coming
years, which, in turn, is expected to propel the market for global power
steering filter market as well. The global power steering filter market is
primarily driven by the increasing application of the power steering systems in
the vehicles from compact size cars to the heavy commercial vehicles coupled
with the increase in sales and production vehicles.
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Some
of the macroeconomic factors such as GDP growth of developing regions along
with increase in disposable income of people can be attributed to have a
positive impact on the power steering filter market across the globe. However,
the increasing popularity of electronic power steering system might pose as a
restraint for the global power steering filter market. The global power
steering filter market is based on the revenue (USD MN) for the forecast
period. The major drivers for global power steering filter market are
increasing application of the power steering systems and increase in disposable
income. The major restraints of global power steering filter market are
increasing popularity of electronic power steering system.
On
the basis of Vehicle Type, the global powersteering filter market is segmented into light commercial vehicles
(LCV), heavy commercial vehicles (HCV), passenger cars (PC) and so on. Each
vehicle type has been analyzed based on the market size at regional and country
levels. On the basis of Distribution Channel, the global power steering filter
market is segmented into original equipment manufacturers (OEM), aftermarket
and so on. Each distribution channel has been further analyzed based on
regional and country levels.
Global Power Steering Filter market
competition by top manufacturers, with production, price, revenue (value) and
market share for each manufacturer; the top players including
•
JTEKT
•
Bosch
•
NSK
•
Nexteer
•
ZF
•
Mobis
•
Showa
•
Thyssenkrupp
•
Mando
•
Magnefine Filters
•
Cardone Industries
•
KRC Power Steering
•
Focus Technology
•
Autohidraulika
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