openPR Logo
Press release

THE GLOBAL ELECTRIC STEERING MARKET IS EXPECTED TO EXPAND AT A CAGR OF 6.69% DURING THE FORECAST PERIOD, THE KEY PLAYERS ARE JTEKT CORPORATION (JAPAN), ZF TRW AUTOMOTIVE HOLDINGS CORP (U.S.), HYUNDAI MOBIS CO (SOUTH KOREA), AND ROBERT BOSCH AUTOMOTIVE STE

02-18-2019 05:02 PM CET | Logistics & Transport

Press release from: Kenneth Research

THE GLOBAL ELECTRIC STEERING MARKET IS EXPECTED TO EXPAND AT

Electric Power Steering (EPS), possesses a variable power assist system, which provides the maximum assist to the driver while parking while providing a lesser degree of assist when traveling at highway speeds. Therefore, the EPS is more energy efficient than hydraulic systems. Unlike the hydraulic power steering systems, which continuously drive the hydraulic pump, the EPS system powers the EPS motor only when necessary. It uses an electric motor and provides increased steering capabilities with less effort, as it removes hose, fluid, drive belt, pulley, and pump. EPS is increasingly replacing hydraulic steering in the automotive sector.

Request For Free Sample @ https://www.kennethresearch.com/sample-request-10043130

Global electric steering market is an evolving market and is expected to witness high growth during the forecast period. The electric power steering market is driven by the automotive manufacturing sector and research & development activities by various automotive firms. Furthermore, increase in demand for automotive sensors and safety regulations, have led to the emergence of Asia Pacific as the fastest growing region. Increase in the number of electric vehicles propels the demand for the electric steering while after-sales services rendered for electric steering parts hinder the growth of the electric steering market. The global automotive electric steering market is expected to expand at a CAGR of 6.69%, during the forecast period.

Key Players

The key players of automotive electric steering market include JTEKT Corporation (Japan), ZF TRW Automotive Holdings Corp (U.S.), Hyundai Mobis Co (South Korea), and Robert Bosch Automotive Steering GmbH (Germany). ThyssenKrupp AG (Germany), Nexteer Automotive (U.S.), Showa Corporation (Japan), NSK Ltd (Japan), Mando Corporation (Korea), and China Automotive Systems Inc. (China) are among others.

Objectives of Global Automotive Electric Steering Market Analysis & Forecast, from 2016 to 2021

• To provide insights into the factors affecting the market growth
• To provide historical and forecast revenue of the market segments as well as sub-segments with respect to regional markets and their key countries
• To provide historical and forecast revenue of the market segments based on type, and vehicle type
• To provide strategic profiling of key players in the market, comprehensively analyzing their market share, core competencies, and drawing a competitive landscape for the market
Target Audience
• Manufactures
• Raw materials suppliers
• Aftermarket suppliers
• Research institutes & education institutes
• Potential investors
• Key executive (CEO and COO) and strategy growth manager

Buy Now @ https://www.kennethresearch.com/report-purchase-id-10043130

Key Findings

• The market, by type is segmented as Column Assist Electric Power Steering (C-EPS), Pinion Assist Electric Power Steering (P-EPS), Rack Assist Electric Power Steering (R-EPS) and others. P-EPS is projected to expand at the highest CAGR of 6.35 % during the forecast period.
• The market is segmented on the basis of vehicle type, as passenger cars and commercial vehicles. Passenger car is projected to witness the highest CAGR of 5.78 % during the forecast period.
• Asia Pacific dominates the global automotive electric steering market with 44.8 % of share in 2016, in terms of value. It is expected to expand at a CAGR of 8.22 % during the forecast period. Europe is expected to expand at a CAGR of 4.83 % during the forecast period and reach the market size of USD 5807.8 million by 2021.

The regional analysis also includes –

• North America
U.S.
Canada
Mexico
• Europe
Germany
U.K.
France
Italy
Rest of Europe
• Asia Pacific
China
Japan
India
Rest of Asia Pacific
• Rest of the World
Brazil
Saudi Arabia
Rest of RoW

1 Introduction
1.1 Definition
1.2 Scope of the Study
1.2.1 Research Methodology
1.2.2 Assumptions
1.3 Limitations
1.4 Market Structure

2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model

3 Market Dynamics
3.1 Introduction
3.2 Drivers
3.2.1 Growth in the Automotive Sensor Market
3.2.2 Increasing Disposable Income in APAC Region
3.3 Restraints
3.3.1 Rise in the Cost of Servicing and Replacement
3.4 Opportunities
3.4.1 Increase in the Number of Electric Vehicles

Read More @ https://www.kennethresearch.com/report-details/global-electric-steering-market/10043130

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc.), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

Name: David
Email: sales@kennethresearch.com
Phone: +1 313 462 0609

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release THE GLOBAL ELECTRIC STEERING MARKET IS EXPECTED TO EXPAND AT A CAGR OF 6.69% DURING THE FORECAST PERIOD, THE KEY PLAYERS ARE JTEKT CORPORATION (JAPAN), ZF TRW AUTOMOTIVE HOLDINGS CORP (U.S.), HYUNDAI MOBIS CO (SOUTH KOREA), AND ROBERT BOSCH AUTOMOTIVE STE here

News-ID: 1597021 • Views:

More Releases from Kenneth Research

Global Cardiovascular Pharmaceuticals Market to be Propelled by Growing Investment in Research and Drug Development, and Increasing Prevalence of Heart Failure by CAGR of 5% During 2023- 2033
Global Cardiovascular Pharmaceuticals Market to be Propelled by Growing Investme …
Kenneth Research published a report titled "Cardiovascular Pharmaceuticals Market: Global Demand Analysis & Opportunity Outlook 2033" which delivers detailed overview of the global cardiovascular pharmaceuticals market in terms of market segmentation by drug class, distribution channel, indication and by region. Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with
Global Family Office Market to be Propelled by Surging Number of New Businesses by CAGR of ~5% During 2022 - 2031
Global Family Office Market to be Propelled by Surging Number of New Businesses …
Kenneth Research published a report titled "Family Office Market: Global Demand Analysis & Opportunity Outlook 2031" which delivers detailed overview of the global family office market in terms of market segmentation by services, type, net worth managed, and by region. Access Full Description: https://www.kennethresearch.com/report-details/family-office-market/10346745 Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that
Photomask Market Growth Analysis by Revenue, Size, Share, Scenario on Latest Tre …
Kenneth Research provides an extensive study by our analysts which offers forecast assessment by correlating the historical data with key market dynamics. The Photomask Market further includes trends and opportunities that are highlighted, along with the market valuation. The market is segmented by segments and portrays the industry overview along with elaborate description of the market for the forecast period 2020-2025. The report also constitutes future growth statistics which is
Embedded Systems Market 2020 New Innovations Trends, Research, Global Share and …
Kenneth Research provides an extensive study by our analysts which offers forecast assessment by correlating the historical data with key market dynamics. The Embedded Systems Market further includes trends and opportunities that are highlighted, along with the market valuation. The market is segmented by segments and portrays the industry overview along with elaborate description of the market for the forecast period 2020-2025. The report also constitutes future growth statistics which

All 5 Releases


More Releases for EPS

Single-Pinion EPS & Dual-Pinion EPS Market Size and Growth Forecast by Applicati …
USA, New Jersey- According to Market Research Intellect, the global Single-Pinion EPS & Dual-Pinion EPS market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period. The market for single-pinion and dual-pinion electric power steering (EPS) systems is expanding due to the increasing demand for fuel-efficient and advanced
Single-Pinion EPS & Dual-Pinion EPS Market Trends and Forecast Report 2022 | By …
The QY Research released a latest market research report on the global and United States Single-Pinion EPS & Dual-Pinion EPS market, which is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Single-Pinion EPS & Dual-Pinion EPS market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast
Electronic Power Steering (EPS) Market Forecast to 2027 - COVID-19 Impact and Gl …
In terms of revenue, the global electronic power steering market was valued at US$ 52.6 billion in 2019 and is projected to reach US$ 54.9 billion by 2027; it is expected to grow at a CAGR of 3.6% during the forecast period from 2020 to 2027. Download PDF Sample Copy @ www.theinsightpartners.com/sample/TIPTE100000331/?utm_source=openpr&utm_medium=10387 Major Players in the market are: Hyundai Mobis, JTEKT Corporation, Mitsubishi Electric Corporation, Nexteer Automotive, NSK Ltd., Robert Bosch GmbH,
Light Commercial Vehicle EPS Market Forecast to 2028 - Covid-19 Impact and Globa …
Electric Power Steering (EPS) is the latest technology in the field of Automobile industry. Compared to the traditional steering system, EPS enhance the driving experience for car drivers and also increases the fuel efficiency. Many car manufacturing companies are offering EPS technology in their cars. Download PDF Sample Copy @ www.theinsightpartners.com/sample/TIPTE100000676/?utm_source=OpenPR&utm_medium=10387 Major Players in the market are: JTEKT Corporation., Robert Bosch GmbH, NSK Ltd., ZF Friedrichshafen AG, Nexteer Automotive, Hyundai Mobis Co.,
Global Power Assisted Steering PAS Market By Type (C-EPS, P-EPS, R-EPS) By Appli …
The Global Power Assisted Steering PAS Market 2020 report implement in-depth research of the industry with a focus on the current market trends future prospects. The Global Power Assisted Steering PAS Market report aims to provide an overview of Power Assisted Steering PAS Market players with detailed market segmentation by product, application and geographical region. It also provides market share and size, revenue forecast, growth opportunity. The most recent trending
eps - around the World with Lady Gaga
Infrastructure service provider on tour Since early 2012, infrastructure service provider eps has been on a world tour with one of the most popular and innovative performers of our time: Lady Gaga and her “Born This Way Ball”. eps tour equipment At the request of promoter Live Nation Global Touring, eps provided a variety of equipment: GIGS stage barricades with special elements for unique configurations, turf protection systems like Terraplas, Supa-Trac and Rollaway,