With the continuous advancement of steering technologies, power steering system has gradually become the standard configuration of automobiles. In China, the automotive power steering systems include electric power system, mechanical hydraulic power system, and electro-hydraulic power system. In 2011, mechanical hydraulic system still took a leading position with 56.6% market share in China automotive steering system industry, while electric power system accounted for 24.8% and electro-hydraulic power system 10.5%, higher than those in 2010.
In the future, the installation rate of electric power steering system will keep rising, and it is expected to be more than 40% in Chinese automobile industry in 2015 and even higher in the passenger car market by then. Research Report
In Chinese electric power steering system market, foreign companies or joint ventures sweep over 90% market share; however, Chinese local companies share less than 10%. Japan-based JTEKT, German-based ZF, Japan-based NSK, US-based TRW and other steering system vendors have launched electric power steering systems, and set up production bases in China to meet the huge market demand there. companies profiles
For more information kindly visit : China Automotive Steering System Industry Report, 2011-2012