Electric Steering Market Size, Share, Trends Analysis 2018 Report: Global Industry Forecast To 2023

Electric Steering Market 2018 Global Industry Analysis Research Report. Electric Steering Market key companies Products, Business Strategies, Segment Overview, Financials Analysis and Key Developments Forecast to 2024. The global market of Electric Steering will grow at a rapid pace over the forecast period. Global Electric Steering market. The Electric Steering market is expected to grow over the CAGR of around 6.76% during the period 2017 to 2023.

Global Electric Steering Market Information Report, by Vehicle Type (Passenger Vehicle and Commercial Vehicle), Type (Column Assist Electric Power Steering (C-EPS)), Pinion Assist Electric Power Steering (P-EPS), Rack Assist Electric Power Steering (R-EPS)), and by Regions - Global Forecast To 2023.

Electric Steering Key Companies reviewed in report are Steering JTEKT Corporation, Robert Bosch Automotive Steering GmbH, ZF TRW Automotive Holdings Corp., NSK Ltd., Nexteer Automotive Group Limited, Mando Corporation, ThyssenKrupp Ag, Hyundai Mobis Co., Ltd., Showa Corporation, and China Automotive Systems Inc.

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Market Highlights:

The global electric steering market is a very dynamic market and is expected to witness a high growth over the forecast period. The growth of the electric power steering is influenced by the automobile manufacturing sector and the research &development activities by various automotive firms. Furthermore, safety regulations and increase in the demand of automotive sensors, have led to the emergence of Asia-Pacific as the fastest growing region. Increase in the number of electric vehicles has propelled the demand of the market while after-sales services rendered for electric steering parts hinder the growth of the electric steering market.

Sensor is an integral part of the global electric steering market. Sensors detect the motion and torque of the steering column and a computer module applies assistive power through an electric motor coupled directly with either the steering gear or steering column. As per MRFR analysis, the automotive sensor market is estimated to increase by 7.42% (approx.) between 2016 and 2022. The demand for automotive sensor has boosted the electric steering market.

Scope of the Report

This study provides an overview of the global electric steering market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Electric Steerings market by its type and vehicle type, and region.

Regional Analysis:

Asia Pacific (China, Japan, South Korea, and India).
Europe (Germany, France, UK, and Italy).
North America (US, Mexico, and Canada).
Rest of the World (Brazil and Russia).

North America is expected to have a saturated market growth due to mature automobile market at CAGR of 6.63% during the forecast period. Factors driving the market include technological advancement and fuel efficiency. The U.S. is leading the market for electric steering after China. There are a number of factors driving the market for such steering are rising industrialization, increased spending on modernization, up gradation of infrastructure and public transport.

The market is expected to have a saturated growth during the forecast period. Canada is one of the largest vehicle producers in the world. The auto sector is Canada's biggest contributor to manufacturing Gross Domestic Product (GDP). The Canadian automotive industry produces light and heavy duty vehicles. The high growth in the automobile industry is expected to drive the global electric steering market.

Global Electric Steering Market Report: Market Segmentation

By Vehicle Type: Passenger Vehicle and Commercial Vehicle.

By Type: Column Assist Electric Power Steering (C-EPS), Pinion Assist Electric Power Steering (P-EPS), Rack Assist Electric Power Steering (R-EPS).

Table of Content:

1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1 PORTER’S FIVE FORCES ANALYSIS

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 BARGAINING POWER OF SUPPLIERS

3.1.4 THREAT OF SUBSTITUTES

3.1.5 SEGMENT RIVALRY

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

Continued…

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The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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