Electric Power Steering Market Analysis, Demand, Industry Growth and Forecast 2030

P&S Intelligence published a new research report, titled, "Electric Power Steering Market: Global Industry Analysis and Forecast till 2030, The global electric power steering (EPS) market is expected to witness considerable growth during the forecast period (2020–2030), on account of the rising safety and emission concerns and need for improving fuel efficiency, coupled with the stringent government regulations regarding the introduction of advanced driver assistance systems (ADAS) with various vehicle systems.

For instance, Regulation No 79 of the Economic Commission for Europe, of the United Nations (UN/ECE), states the uniform provisions concerning the approval of vehicles, which mandate the integration of advanced steering equipment. In addition, the surging consumer awareness on technologically advanced automotive systems and increasing adoption of luxury cars with ADAS are benefiting the market growth, thus creating ample opportunities for the market players to enhance their product portfolio and customer base."

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Some of the major players operating in the global EPS market are Nexteer Automotive, JTEKT Corporation, ZF Friedrichshafen AG, Robert Bosch GmbH, Hitachi Automotive Systems Ltd., Hyundai Mobis Co. Ltd., and DENSO CORPORATION. These companies are increasingly focusing on product research and collaborations with other companies, to enhance their product portfolio and widen their market share.

The report also includes a country-wise market analysis. Some of the major countries covered in the report are China, India, Japan, South Korea, Australia, the U.S., Canada, Germany, Spain, the U.K., France, Italy, Brazil, Mexico, the U.A.E., and South Africa.

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This market research report provides a comprehensive overview of the XYZ market.

This study covers

• Historical and the present size of the xyz market
• Future potential of the market through its forecast for the period 2020– 2030
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential
• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
• Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
• Major players operating in the market and their service offerings
• Recent strategic developments by the major players in the market

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