Global Rear Axle Steering System Market Insights, Forecast to 2028

Market Analysis and Insights: Global Rear Axle Steering System Market
Due to the COVID-19 pandemic, the global Rear Axle Steering System market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Single/Central Actuator accounting for % of the Rear Axle Steering System global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Passenger Car segment is altered to an % CAGR throughout this forecast period.
China Rear Axle Steering System market size is valued at US$ million in 2021, while the US and Europe Rear Axle Steering System are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Rear Axle Steering System landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Rear Axle Steering System include Bosch, ZF Friedrichshafen, LSP Innovative Automotive Systems and Aisin Group, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Rear Axle Steering System capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Rear Axle Steering System by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Rear Axle Steering System Scope and Segment
Rear Axle Steering System market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Rear Axle Steering System market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Single/Central Actuator
Dual Actuator
Segment by Application
Passenger Car
Commercial Vehicle
By Company
Bosch
ZF Friedrichshafen
LSP Innovative Automotive Systems
Aisin Group
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE