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(Transportation-News.com, March 14, 2018 ) The growth of the SUV and pickup truck markets is expected to drive the adoption of active rear axle steering technology in SUVs and pickup trucks due to their large sizes. It has been observed that the sales volume and demand for SUVs is increasing. In addition, the global SUV market is experiencing growth due to the emergence of small and crossover SUVs. The rising consumer preference and the availability of SUVs over different segments will continue to drive the market’s growth. This in turn, will boost the adoption of automotive active rear axle steering mechanism. Research analysis on the global automotive active rear axle steering market identifies that the increasing demand for pickup trucks and SUVs will be one of the major factors that will have a positive impact on the growth of the market. Our market research analysts predict that in terms of units, this market will grow at a CAGR of close to 7% by 2022
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Segmentation by technology and analysis of the automotive active rear axle steering market
-Single actuator
-Dual actuator
The growing preference for single actuator over dual actuator is driving the growth prospects for the automotive active rear axle steering market in this segment.
Segmentation by geography and analysis of the automotive active rear axle steering market
-Americas
-APAC
-EMEA
The rapid growth of the high-performance vehicle market in European countries is resulting in an increased adoption of automotive active rear axle steering in EMEA. The steering system parts market is expected to witness growth in the region for the next four years due to the rising innovations from the European automotive manufacturers and faster adoption of technological changes.
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Table of Contents
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
For More Information about This Report: http://www.reportsweb.com/global-automotive-active-rear-axle-steering-market-2018-2022 .
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