The global Rear Axle Steering System market size is projected to reach US$ 84 billion by 2028, from US$ 42 billion in 2021, at a CAGR of 9% during 2022-2028. The rear axle steering system consists essentially of two components: the cylinder unit with integrated position sensor and valve system, and the power unit, consisting of a motor-driven electric pump and control unit.The ever more demanding requirements faced by commercial vehicles in today’s transportation industry can only be satisfied on the rear axle through use of an innovative steering system with electronic interface.
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Segment by Type
SingleCentral Actuator
Dual Actuator
Segment by Application
Passenger Car
Commercial Vehicle
Top Major Key Players:
Bosch
ZF Friedrichshafen
LSP Innovative Automotive Systems
Aisin Group
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Scope of the Report
The research study analyzes the global Rear Axle Steering System industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Rear Axle Steering System Report
- What was the Rear Axle Steering System size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Rear Axle Steering System during the forecast period (2022-2028)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
- Which manufacturer/vendor/players in the Rear Axle Steering System was the market leader in 2020?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
• Proliferation and maturation of trade in the global Rear Axle Steering System market.
• The market share of the global Rear Axle Steering System market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the global Rear Axle Steering System market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Rear Axle Steering System market.
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