Monday, May 6, 2013

Automotive Steering System Industry Report, 2012 - 2015

According to the data of China Association of Automobile Manufacturers, China's annual production capacity of automotive steering system has now reached around 20 million sets. In 2012 the demand for automotive steering system in China was approximately 19.31 million sets, a year-on-year increase of 4.3%. It is expected that, in 2013-2015, the demand will grow at an average rate of 5% or so, and hit 22.35 million sets in 2015. Seen from the demand structure, mechanical hydraulic steering system (HPS) is the most mainstream steering system in the current market, with demand accounting for about 50% of the total. However, as the electric power steering system (EPS) technology continues to become mature, its demand is in a stage of rapid growth. In the future, EPS will constantly replace HPS to become the mainstream of the automotive steering system market. At present, China's automotive steering system industry characterizes fierce competition, and the manufacturers f

Original Post China Automotive Steering System Industry Report, 2012 - 2015

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