Electric Power Steering Market: Rising Demand, Trends & Market Segment | Robert Bosch, Delphi, Mitsubishi Electric, JTEKT, Nexteer

HTF MI recently Announced Global Electric Power Steering study with 100+ market data Tables and Figures spread through Pages and easy to understand detailed TOC on "Electric Power Steering. Global Electric Power Steering research allows you to get different methods for maximizing your profit. The research study provides estimates for Global Electric Power Steering Forecast till 2025*. Some of the Leading key Company’s Covered for this Research are Robert Bosch (Germany) , Delphi (United Kingdom) , Mitsubishi Electric (Japan) , JTEKT (Japan) , Nexteer (United States) , ZF TRW (Germany) , ThyssenKrupp (Germany) , NSK (Japan) , Showa (Japan) and Hyundai Mobis (South Korea) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are GKN (United Kingdom) and Federal-Mogul (United States).

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Global Electric Power Steering Research for a Leading company is an intelligent process of gathering and analyzing the numerical data related to services and products. This Research Give idea to aims at your targeted customer’s understanding, needs and wants. Also, reveals how effectively a company can meet their requirements. The market research collects data about the customers, marketing strategy, competitors. The Electric Power Steering Manufacturing industry is becoming increasingly dynamic and innovative, with more number of private players entering the industry.

Scope of the Study

Electric Power Steering (EPS). It is uses an electric motor to support the driver of a automobile, unlike traditional systems that act on hydraulic pressure provided via a pump driven by the vehicle's engine. EPS removes the necessity for a power steering pump, hoses, hydraulic fluids and a drive belt and pulley on the engine. There are three type of electric power steering such as rack assist type (REPS), Colum assist type (CEPS) and pinion assist type (PEPS).. The market study is being classified by Type (Rack assist type (REPS) , Colum assist type (CEPS) and Pinion assist type (PEPS)), by Application (Passenger Cars , LCV , Heavy Vehicles and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America) , Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific) , Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe) , MEA (Middle East, Africa) , North America (United States, Canada, Mexico) .

Robert Bosch (Germany) , Delphi (United Kingdom) , Mitsubishi Electric (Japan) , JTEKT (Japan) , Nexteer (United States) , ZF TRW (Germany) , ThyssenKrupp (Germany) , NSK (Japan) , Showa (Japan) and Hyundai Mobis (South Korea) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are GKN (United Kingdom) and Federal-Mogul (United States).

Market Drivers

• Increasing Research and Development Activates by Various Automotive Firms
• Rising Vehicles Production

Market Trend

• Global Measures by OEMs to Decrease Complexity As Well As Weight of Vehicles
• Enlargements of Sophisticated As Well As Strong Steering Mechanism

Restraints

• High Price of EPS as Compare to Traditional Steering
• Dearth of Steering Feel

Opportunities

Allowing ADAS facility in EPS and Rising Demand in Commercial Vehicles
Market Leaders and their expansionary development strategies

On 26th July 2018, Hyundai Mobis (Global leading South Korean vehicles Parts Company) has developed Dual-Mode Electronic Steering System which can be used for Autonomous Driving.

On 6th August 2018, Mitsubishi Electric Corporation has acquired ASTES4 SA (ASTES4), a company based in Switzerland that is engaged in development production and sales of patented automated sorting solutions for sheet metal laser processing machines.
Key Target Audience

• Manufacturers of Electric Power Steering
• Raw Material Suppliers for Electric Power Steering
• Traders, Distributors and Suppliers of Electric Power Steering
• Government Regulatory Bodies
• Government and Private Research Organization
• Others

Important Features that are under offering & key highlights of the report:

1) Who are the Leading Key Company in Global Electric Power Steering market space?

Following are list of players that are currently profiled in the report "? Raw Material Suppliers for Electric Power Steering, ? Traders, Distributors and Suppliers of Electric Power Steering, ? Government Regulatory Bodies, ? Government and Private Research Organization & ? Others"

** List of companies mentioned may vary in the final report subject to Name Change / Merger etc.
2) What will the market size be in 2025 and what will the growth rate be?
In 2019, the Global Electric Power Steering market size was xx million USD and it is expected to reach USD xx million by the end of 2025, with a CAGR of xx% during 2019-2025.

3) What are the Market Applications & Types:

The study is segmented by following Product Type:

Major applications/end-users industry are:

To comprehend Global Electric Power Steering market dynamics in the world mainly, the worldwide Electric Power Steering market is analyzed across major regions. HTF MI also provides customized specific regional and country-level reports for the following areas.

• North America: United States, Canada, and Mexico.
• South & Central America: Argentina, Chile, and Brazil.
• Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt and South Africa.
• Europe: UK, France, Italy, Germany, Spain, and Russia.
• Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.
Enquire for customization in Report @ https://www.htfmarketreport.com/enquiry-before-buy/1571574-global-electric-power-steering-market-2

Primary Research:
The primary sources involves the industry experts from the Global Electric Power Steering industry including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.

In the extensive primary research process undertaken for this study, the primary sources – industry experts such as CEOs, vice presidents, marketing director, technology & innovation directors, founders and related key executives from various key companies and organizations in the Global Electric Power Steering in the industry have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.

Secondary Research:
In the Secondary research crucial information about the industries value chain, total pool of key players, and application areas. It also assisted in market segmentation according to industry trends to the bottom-most level, geographical markets and key developments from both market and technology oriented perspectives.

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In this study, the years considered to estimate the market size of Global Electric Power Steering are as follows:
History Year: 2013-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025

Key Stakeholders in Global Electric Power Steering Market:
Global Electric Power Steering Manufacturers
Global Electric Power Steering Distributors/Traders/Wholesalers
Global Electric Power Steering Subcomponent Manufacturers
Industry Association
Downstream Vendors

**Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.

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