The International Automotive EPS Market Is Forecasted To Garner Growth At A 5.9% CAGR Between 2017 And 2022, Could Reach A Valuation Of US$33.1 Bn

Researchmoz added Most up-to-date research on "Automotive Electronic Power Steering Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022" to its huge collection of research reports.

The world automotive electronic power steering (EPS) market is prognosticated to showcase an enhanced growth due to the shift from the previous technology to EPS systems. This could be on account of the urgent need to find fuel-efficient solutions followed by the global fuel crisis. Independence from the combustion engine and the usage of alternator for sourcing power are envisaged to have assisted the new EPS technology to overshadow the conventional steering system.

To Get Sample Copy of Report visit @ https://www.researchmoz.us/enquiry.php?type=S&repid=1336304

Global Automotive Electronic Power Steering Market: Dynamics

Technological advancements are forecasted to be at the forefront of the world automotive EPS market. Several companies are making their individual contribution toward the growth of technology in the market. For instance, the SPIDAN power steering system developed by GKN PLC uses remanufactured replacement components to ensure the preservation of natural resources. It also helps in decreasing carbon dioxide emission and fuel consumption. Moreover, it boasts of intelligent energy management. Another instance could be Hitachi Automotive Systems Co. Ltd. and Nissan collaborating to develop a new electro-hydraulic power steering system.

The rapid rise in vehicle-owning households and worldwide population are projected to play a significant role in the substantial increase in automotive vehicle production. Today, the EPS systems market is said to have surpassed the traditional hydraulic steering in less than two decades. Advantages such as lower fuel consumption, high durability, improved response at different speeds, low maintenance, and lower weight coupled with simple architecture could fuel the adoption of EPS over hydraulic systems. This, in turn, could fuel the demand in the world automotive EPS market.

Get Complete TOC With Tables and Figures @ https://www.researchmoz.us/automotive-electronic-power-steering-market-global-industry-analysis-size-share-growth-trends-and-forecast-2017-2022-report.html/toc

Global Automotive Electronic Power Steering Market: Segmentation

According to the researchers authoring the report, the international automotive EPS market could be split up into four chief products, viz. hydraulic (H)-EPS, column-assist (C)-EPS, pinion-assist (P)-EPS, and rack-assist (R)-EPS. Amongst these, H-EPS is anticipated to secure a leading share of 31.2% in the market by the end of 2022. The H-EPS market could expand at an annual US$0.4 bn absolute growth, which is prophesied to be larger than any other product.

The international automotive EPS market is also predicted to be classified into heavy commercial vehicles, light commercial vehicles, luxury passenger cars, premium passenger cars, mid-sized passenger cars, and compact passenger cars, as per vehicle type segmentation.

In terms of regional segmentation, the international automotive EPS market could be divided into six key geographies, i.e. North America, Latin America, Europe, Japan, Asia Pacific except Japan (APEJ), and the Middle East and Africa (MEA).

Make an Enquiry of this report @ https://www.researchmoz.us/enquiry.php?type=E&repid=1336304

Global Automotive Electronic Power Steering Market: Competition

In all, the report on the worldwide automotive EPS market studies 10 industry players, viz. JTEKT, Bosh, Nexteer, NSK, Mando Corporation, KSR International Company, Showa, ThyssenKrupp Presta, Hitachi Automotive, and Sona Koyo. Readers are also provided with a detailed company share analysis followed by SWOT analysis and company overview of each player studied. Furthermore, for each company analyzed in the report, the analysts offer a study of their important developments, sales data and key financials by type of product, and a list of their products.

About ResearchMoz

ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.

ResearchMoz
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Email: sales@researchmoz.us
Website @ https://www.researchmoz.us/
Tel: 866-997-4948 (Us-Canada Toll Free)
Tel: +1-518-621-2074
Follow us on LinkedIn @ http://bit.ly/1TBmnVG

This release was published on openPR.