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Expanding Passenger Vehicle Sales With Uptake of Advanced Technologies Drive Chinese Steering Systems Markets.
- Article from:
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PR Newswire
- Article date:
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November 8, 2006
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Copyright informationCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SHANGHAI, China, Nov. 8 /PRNewswire/ -- Supported by rising demand for passenger vehicles, the total market for steering systems in China will register strong year on year growth. In this scenario, advanced technologies such as electronic power steering (EPS) systems, which offer benefits such as adaptive steering and greater fuel economy, will gain significant market share.
Frost & Sullivan (http://www.automotive.frost.com/ ) finds that the Chinese Steering Systems Markets earned revenues of $563.3 million in 2005 and estimates it to reach $1,219.5 million in 2012.
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