China Automotive Steering System Industry Report, 2012 - 2015
Published Date » 2013-04-25
No. Of Pages » 105
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 fall into two camps of foreign-capital / joint-venture enterprises and local enterprises, of which, the former represented by ZF, TRW, JTEKT, SHOWA, NSK, MANDO, etc., relying on their higher quality of products as well as the capital relations with foreign brand vehicle assembly plants, mainly support for foreign brand vehicles.
By contrast, local Chinese companies with relatively backward production process are occupied in the production of mechanical steering system, mainly supporting for homegrown brand vehicle assembly plants. With the technological improvement and experience accumulation, China Automotive Systems, Inc., Zhejiang Shibao Company Limited, Zhejiang Wanda Steering Gear Co., Ltd., AVIC-Xinhang Yubei Steering System Co., Ltd. and other local enterprises have seen fast development and started to provide product supporting services to joint-venture vehicle assembly plants.
Among joint ventures, JTEKT CORPORATION occupies the largest share in China steering system industry, provided with a total of seven steering system production bases there, four of which are dedicated to the production of electric power steering system. JTEKT Steering System (Xiamen) Co., Ltd. as one of major steering system production bases is engaged in the production of electric power steering gear, with annual capacity up to 1.2 million units, well above its industry counterparts. It mainly supports for Japanese vehicle assembly plants such as Tianjin FAW Toyota Motor Co., Ltd., Zhengzhou Nissan Automobile Co., Ltd., Dongfeng Nissan and GAC Toyota.
Among local enterprises, China Automotive Systems, Inc. enjoys the largest production capacity. Through production and operation by its eight subsidiaries, the company reaches total capacity of 3.25 million units, mainly supporting for FAW Group Corporation, Dongfeng Motor Corporation, Shenyang Brilliance Jinbei Automobile Co., Ltd., Chery Automobile Co., Ltd., Geely Automobile Holdings Limited, etc..
To retain its competitive edge in the industry, China Automotive Systems applies electronic chip to the power steering system and has conducted technical cooperation with BISHOP, KDAC, Korea’s Namyang and other companies for the development of EPS and EHPS. Development target of the company is to achieve annual capacity of 6.35 million units at the end of 2015.
Table of Content
1. Overview of Automotive Steering System
1.2 Development History
1.3 Technological Level
1.4 Business Model
2. Automotive Steering System Market
2.1 Overall Market
2.1.1 Status Quo
2.1.3 Specialized Production
2.1.4 Competition Pattern
2.1.5 Industry Entry Barriers
2.2.1 Drive Mode
2.2.2 Front Suspension Type
2.2.3 Rear Suspension Type
2.2.4 Power Type
2.3 Import and Export
2.4 Industry Development Factors
2.4.1 Favorable Factors
2.4.2 Adverse Factors
2.5 Development Trends
2.5.1 Product Trends
2.5.2 Industry Trends
3. Automotive Steering System Market Segments
3.1 Electric Power Steering System
3.1.1 Global Market
3.1.2 Chinese Market
3.1.3 Market Demand
3.1.4 Key Companies
3.1.6 Development Trends
3.2 Hydraulic Steering System
3.2.1 Market Situation
3.2.2 Market Demand
3.2.3 Mechanical-Hydraulic Power Steering System
3.2.4 Electro-Hydraulic Power Steering System
3.3 Steering-By-Wire System
4. Automotive Steering System Components
4.1 Steering Gear
4.2 Steering Column
4.3 Steering Wheel
4.4 Steering Knuckle
4.5 Steering Booster
4.6 Steering Tie Rod
5. Key International Manufacturers
5.1.3 Development in China
5.2.1 ZF Group
5.2.2 ZF Lenksysteme
5.2.3 Development in China
5.3.3 Development in China
5.4.3 Development in China
5.5.3 Development in China
5.6.3 Development in China
6. Key Chinese Manufacturers
6.1 Zhejiang Shibao Company Limited
6.1.2 Revenue and Gross Margin
6.1.3 Cost of Revenue
6.1.4 Production Base
6.1.5 Major Customers and Suppliers
6.1.6 Development Planning
6.2 China Automotive Systems, Inc.
6.3 Zhuzhou ELITE Electro Mechanical Co., Ltd
6.4 Zhejiang Wanda Steering Gear Co., Ltd
6.5 Hubei Tri-Ring Motor Steering Gear Co., Ltd.
6.6 Guangzhou SHOWA Absorber Limited Company
6.7 Jiangmen Xingjiang Steering Gear Co., Ltd.
6.8 FAW Koyo Steering Systems Co., Ltd.
6.9 AVIC-Xihang Yubei Steering System Co., Ltd.
6.10 Tianjin Jinfeng Automobile Chassis Parts Co., Ltd.
6.11 Zhejiang Fulin Guorun Auto Parts Co., Ltd.
6.12 Golden Company
6.13 Chongqing Changfeng Machinery Co., Ltd.
6.14 Anhui Finetech Machinery Co., Ltd
6.15 Hafei Industrial Group Automobile Redirector Obligate Co., Ltd.
6.16 Donghua Automotive Industrial Co., Ltd.
List of TablesNA
List of FiguresNA
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