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Recirculating Ball Steering for Commercial Vehicle, Global Market Size Forecast, Top 11 Players Rank


The steering system is an indispensable part of the normal driving of the car. The steering system is a complex overall system. It consists of three sub-parts: the steering control mechanism, the steering gear, and the steering transmission mechanism. The structure of the steering gear is the most complex among the three. Inseparable from the final characteristics of the steering system. The steering gear uses a series of mechanical transmission structures to convert the rotation angle generated by the driver's steering wheel into the angle of deflection of the car's wheels. It is the most important part of realizing the function of the steering system.
There are two main structures of steering gears used in modern automobiles: rack and pinion steering gears and recirculating ball steering gears. Among them, recirculating ball steering gears are widely used in commercial vehicles. The recirculating ball steering gear is mainly composed of a screw, a nut, a steering gear housing, and many small steel balls. The so-called recirculating balls refer to these small steel balls, which are placed in a closed pipeline between the nut and the screw. It plays the role of converting the sliding friction between the nuts and screws into rolling friction with less resistance. When the screw fixed to the steering wheel column rotates, the screw pushes the nut to move up and down, and the nut drives the steering rocker through the gear. The arm swings back and forth to achieve steering. During this process, those small steel balls roll back and forth in the closed pipeline, so this kind of steering gear is called a recirculating ball steering gear.
According to the new market research report "Global Recirculating Ball Steering for Commercial Vehicle Market Report 2023-2029", published by QYResearch, the global Recirculating Ball Steering for Commercial Vehicle market size is expected to reach USD 20.15 million by 2029, at a CAGR of 3.5% during the forecast period.

Market Drivers:
1. With the development of the global economy, the commercial vehicle market demand continues to grow, which will directly promote the demand for commercial vehicle recirculating ball steering gears.
2. With the development of commercial vehicle autonomous driving technology, the penetration rate of commercial vehicle EPS has increased, which will also promote the growth of the recirculating ball steering for commercial vehicle market segment.

Restraint:
1. The recirculating ball steering for commercial vehicle market needs continuous technological innovation to meet the market's demand for product performance and quality.
2. Insufficient technological innovation may limit product development. Companies that fail to meet the market's technical needs are likely to be eliminated by competitors.

Opportunity:
Intelligent recirculating ball steering systems will become one of the future development trends of the commercial vehicle industry to meet consumer demand for more efficient and smarter vehicles. This will promote further development and innovation in the commercial vehicle recirculating ball steering market and push the industry towards a more intelligent and efficient direction.

For more information, please contact the following e-mail address:
Email: global@qyresearch.com
Website: https://www.qyresearch.com
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.



Target State: All States
Target City : All Cities
Last Update : 28 March 2024 7:09 AM
Number of Views: 14
Item  Owner  : Joyce
Contact Email:
Contact Phone: 13051817187

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