Press release
Electric Steering System Market Precise Outlook 2020-ZF Friedrichshafen, Mitsubishi Electric, Nexteer, TRW Automotive
The Global Electric Power Steering Market was valued at USD 22.05 Billion in 2018 and is projected to reach USD 38.10 Billion by 2026,growing at a CAGR of 7.22% from 2019 to 2026.
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Top Key Players in the Electric Steering System Market: ZF Friedrichshafen, Mitsubishi Electric, Nexteer, TRW Automotive, JTEKT, Mando, GKN, Robert Bosch, ATS Automation Tooling Systems, Delphi Automotive, Hyundai Mobis, etc.
Latest Industry News:
Nexteer Produces 60 Millionth Electric Power Steering System
AUBURN HILLS, Mich., Feb. 28, 2019-- Nexteer Automotive, a global leader in intuitive motion control, announced today its production milestone of 60 million electric power steering (EPS) systems globally - which adds up to significant fuel savings around the world.
Featured in global vehicles from small cars to full-size trucks, Nexteer's EPS systems increase fuel efficiency by up to 6 percent and CO2 emissions by up to 8 grams per kilometer. To put this in perspective, the amount of fuel saved from 60 million EPS systems would fill more than 6 billion gallons. If all 60 million EPS units were lined up end to end, they would circle the earth twice.
ZF Presents the World's First Prototype of an Electric Steering System, Paving the Way for Automated Trucks and Buses
June 2018-Friedrichshafen. During the upcoming ZF Technology Days, June 26-29, the company will unveil its ReAX EPS, the world's first prototype of a fully electric steering system for commercial vehicles that eliminates the need for hydraulics and associated peripheral components. Its powerful electric motor offers complete servo power of up to 70 Nm. Additionally, ZF's Electrically Powered Steering (EPS) system is designed to support steer-by-wire applications in the future. Fully electric steering is an important enabler for advanced driver assistance systems (ADAS) and automated drive functions that can help to improve safety as well as relieving drivers and improving logistics workflow. Moreover, the ZF ReAX EPS offers increased efficiency with reduced packaging space and weight, compared to traditional hydraulic steering systems.
The global Electric Steering System Market is segmented on the lines of its product, application, and regional.
Based on product type segmentation it covers
C-EPS
P-EPS
R-EPS
Based on application it covers
Passenger Vehicles
Commercial Vehicles
The global Electric Steering System Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
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Influence of the Electric Steering System Market report:
-Comprehensive assessment of all opportunities and risk in the Electric Steering System Market.
-Electric Steering System Market recent innovations and major events.
-Detailed study of business strategies for growth of the Electric Steering System Market -leading players.
-Conclusive study about the growth plot of Electric Steering System Market for forthcoming years.
-In-depth understanding of Electric Steering System Market -particular drivers, constraints and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Electric Steering System Market.
Finally, Electric Steering System Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
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All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
Browse Related Reports:
- Global Electric Power Steering System Market Report 2020 By Key Players, Types, Applications, Countries, Market Size, Forecast To 2026 (Based On 2020 COVID-19 Worldwide Spread)
https://www.marketinsightsreports.com/reports/04272006498/global-electric-power-steering-system-market-report-2020-by-key-players-types-applications-countries-market-size-forecast-to-2026-based-on-2020-covid-19-worldwide-spread?mode=69
Global C-Eps Market Report 2019, Competitive Landscape, Trends And Opportunities
https://www.marketinsightsreports.com/reports/09131448151/global-c-eps-market-report-2019-competitive-landscape-trends-and-opportunities?mode=69
Global P-Eps Market Report 2019, Competitive Landscape, Trends And Opportunities
https://www.marketinsightsreports.com/reports/02281862547/global-p-eps-market-report-2019-competitive-landscape-trends-and-opportunities?mode=69
Global R-Eps Market Report 2019, Competitive Landscape, Trends And Opportunities
https://www.marketinsightsreports.com/reports/11301612904/global-r-eps-market-report-2019-competitive-landscape-trends-and-opportunities?mode=69
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