Global Bus Steering System Market by Type (Mechanical Steering System, Power Steering System, Others), By Application (Single-Deck Bus, Double-Deck Bus, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
The Global Bus Steering System Market size is projected to grow from $5.4 billion in 2021 to $X.X billion by 2028, at a CAGR of 6.9%. Increasing demand for buses due to rising population and urbanization will drive the growth during the forecast period. Further, growing investments from manufacturers in research and development are expected to propel the market over the coming years. The Asia Pacific region is projected to witness high growth rates owing to its focus on infrastructure development coupled with expanding middle-class populations in developing countries such as India and China.
Bus steering systems are a set of mechanical devices and components that allow the driver to turn the front wheels or steer the vehicle. They help in changing direction, controlling yaw, and power-steering for smoother driving. Steering is an important component as it helps in maintaining control over your bus with respect to its orientation on road. A bus steering system must be dependable, precise, and efficient in handling buses of varied sizes. An integrated system has all necessary parts fitted together while independent ones can be bought separately depending upon requirements. The main types of bus steering systems available include manual (assisted) and pneumatic/hydraulic which use air pressure instead of electrical power; hydraulic which uses fluid under high pressure; electric which utilizes electromagnetic force for turning wheels; rack-and-pinion, worm gear, pendulum swing, and worm drive.
On the basis of Type, the global bus steering system market is segmented into mechanical steering systems, power steering systems, and others.
Mechanical Steering Systems:
A mechanical steering system is one that uses a set of gears, either manual or powered, to turn the front wheels by rotating the shaft. The gears are attached to the steering wheel, and turning it moves the shaft that is connected to the wheels. They use a rack and pinion mechanism to turn the front wheels to steer the vehicle. A mechanical system is very reliable and allows for more precise turning.
Power Steering Systems:
These types of steering systems typically have an electronic control module (ECM) for monitoring high voltage circuits in order to keep them safe during operation under extreme conditions such as impulses. They also help regulate fuel consumption and emissions through pressure modulation according to driving situations like climbs/descents or turns. This helps improve bus performance while managing costs more efficiently than other options available in this market segment.
On the basis of Application, this global bus steering systems market is segmented into single-deck buses, double-deck buses, and others.
Single-Deck Buses:
Bus steering systems are used in Single-Deck buses to help the driver maintain control over the vehicle and keep it on track while traveling. They provide a way for drivers to steer their vehicles, by activating a mechanical drive or electric motor connected to one of the wheels which can turn left/right. The bus’s front wheel is steered through this connection that uses linkage rods (or “parsons rod”) – an arrangement with three pivoting points: two at either end of the steering column and another in between these called “the kingpin” where they all meet.
Double-Deck Buses:
The bus steering system is used to steer the double-decker buses. The rear wheels are steered by hydraulic, air, or vacuum power and provide a turning radius of approximately 28 feet (approximately eight meters). In double-deck buses, the steering systems are used to control the direction of the bus in its own lane. A double-decker bus has either an electric power steering system or a hydraulic pull-type steering assembly attached to it.
On the basis of Region, the global bus steering system market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America has been dominating the global bus steering system market owing to its strong automobile industry and relatively high demand from countries such as Canada, Mexico, and the United States of America for new vehicles that use power systems that drive buses on roads at higher speeds without much difficulty or external force required. Likewise, other emerging economies like Brazil have resulted in increased growth prospects for this market during the forecast period 2021-2028. Asian countries such as China's growing economy have contributed significantly towards increased demand for various segments of commercial vehicles including double-decker buses.
Growth Factors For The Global Bus Steering System Market:
The growth factors for the global bus steering system market are the high rate of urbanization, rising fuel prices, improving fleet efficiency, and rapid development in innovation. Moreover, increasing demand for low-emission buses owing to stringent emission norms is also contributing to the growth of this market. Moreover, as bus manufacturers strive to offer next-generation technologies in their products at competitive prices, investments towards R&D activities will be a significant factor propelling the global bus steering system market. This not only attracts new players into this industry but drives innovations among established players too. Additionally, technological advancements have to lead to new technologies being incorporated into steering systems thereby making them more efficient than before with hydraulic ones among others becoming obsolete as a result which has contributed towards market growth significantly.
Up Market Research published a new report titled “Bus Steering System Market research report which is segmented by Types (Mechanical Steering System, Power Steering System, Others), By Applications (Single-Deck Bus, Double-Deck Bus, Others), By Players/Companies Robert Bosch, Daimler, JTEKT, ZF-TRW”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Scope
Report Attributes | Report Details |
Report Title | Bus Steering System Market Research Report |
By Type | Mechanical Steering System, Power Steering System, Others |
By Application | Single-Deck Bus, Double-Deck Bus, Others |
By Companies | Robert Bosch, Daimler, JTEKT, ZF-TRW |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 250 |
Number of Tables & Figures | 175 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Bus Steering System Market Report Segments:
The market is segmented by Type Mechanical Steering System, Power Steering System, Others and By Application Single-Deck Bus, Double-Deck Bus, Others.
Some of the companies that are profiled in this report are:
- Robert Bosch
- Daimler
- JTEKT
- ZF-TRW
Bus Steering System Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Bus Steering System Market
Overview of the regional outlook of the Bus Steering System Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Bus Steering System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Bus Steering System Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Mechanical Steering System
2. Power Steering System
3. Others
7. By Application:1. Single-Deck Bus
2. Double-Deck Bus
3. Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bus Steering System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Bus Steering System Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bus Steering System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bus Steering System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bus Steering System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bus Steering System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bus Steering System Market Size & Forecast, 2018-2028
4.5.1 Bus Steering System Market Size and Y-o-Y Growth
4.5.2 Bus Steering System Market Absolute $ Opportunity
Chapter 5 Global Bus Steering System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Bus Steering System Market Size Forecast by Type
5.2.1 Mechanical Steering System
5.2.2 Power Steering System
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Bus Steering System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Bus Steering System Market Size Forecast by Applications
6.2.1 Single-Deck Bus
6.2.2 Double-Deck Bus
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bus Steering System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bus Steering System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Bus Steering System Analysis and Forecast
9.1 Introduction
9.2 North America Bus Steering System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Bus Steering System Market Size Forecast by Type
9.6.1 Mechanical Steering System
9.6.2 Power Steering System
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Bus Steering System Market Size Forecast by Applications
9.10.1 Single-Deck Bus
9.10.2 Double-Deck Bus
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Bus Steering System Analysis and Forecast
10.1 Introduction
10.2 Europe Bus Steering System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Bus Steering System Market Size Forecast by Type
10.6.1 Mechanical Steering System
10.6.2 Power Steering System
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Bus Steering System Market Size Forecast by Applications
10.10.1 Single-Deck Bus
10.10.2 Double-Deck Bus
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Bus Steering System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bus Steering System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Bus Steering System Market Size Forecast by Type
11.6.1 Mechanical Steering System
11.6.2 Power Steering System
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Bus Steering System Market Size Forecast by Applications
11.10.1 Single-Deck Bus
11.10.2 Double-Deck Bus
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Bus Steering System Analysis and Forecast
12.1 Introduction
12.2 Latin America Bus Steering System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Bus Steering System Market Size Forecast by Type
12.6.1 Mechanical Steering System
12.6.2 Power Steering System
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Bus Steering System Market Size Forecast by Applications
12.10.1 Single-Deck Bus
12.10.2 Double-Deck Bus
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Bus Steering System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bus Steering System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Bus Steering System Market Size Forecast by Type
13.6.1 Mechanical Steering System
13.6.2 Power Steering System
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Bus Steering System Market Size Forecast by Applications
13.10.1 Single-Deck Bus
13.10.2 Double-Deck Bus
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bus Steering System Market: Competitive Dashboard
14.2 Global Bus Steering System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Robert Bosch
14.3.2 Daimler
14.3.3 JTEKT
14.3.4 ZF-TRW