Asia Pacific Electronic Power Steering Market Is Expected To Witness Rapid Growth Of US$ 28,933.30 million By 2027: Business Market Insights

The electronic power steering market in APAC is expected to grow from US$ 26,704.59 million in 2019 to US$ 28,933.30 million by 2027; it is estimated to grow at a CAGR of 4.1% from 2020 to 2027.

The Business Market Insights provides you regional research analysis on “Asia Pacific Electronic Power Steering Market” and forecast to 2027. The research report provides deep insights into the regional market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Asia Pacific Electronic Power Steering market during the forecast period, i.e., 2020–2027.

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The electric vehicles (EV) have the lowest energy consumption as they operate through battery that uses intrinsically higher efficiency of electric motors as compared with internal combustion engines. Several manufacturers in APAC are focusing on ensuring the newly registered EU fleet to limit with the average CO2 emissions per km by 2030, as penalties would be issued for noncompliance. The selling of EVs offers the original equipment manufacturers (OEMs) the opportunity to meet their targets with extra credits and make compliance easier by reducing the limit’s stringency by up to 5%. For instance, in 2019, Japan sanctioned a rule to tighten its fuel economy standards for light duty vehicle (LDVs) through 2030. This new standard requires the vehicles to corporate average fuel efficiency of about 3.95 L/100 km (WLTC test) by 2030. Therefore, growing implementation of standards by governments across APAC and mounting requirement of fuel-efficient vehicles is one of the significant factors driving the APAC electronic power steering (EPS) market.

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The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the regional landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Asia Pacific Electronic Power Steering market. The researcher provides an extensive analysis of the Asia Pacific Electronic Power Steering market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.

Major Key Players Covered In This Report:
• HYUNDAI MOBIS
• JTEKT Corporation
• Mando Corporation
• Mitsubishi Electric Corporation
• Nexteer Automotive
• NSK Ltd.
• Robert Bosch GmbH
• SHOWA CORPORATION
• thyssenkrupp AG
• ZF Friedrichshafen AG

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Asia Pacific Electronic Power Steering market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the Asia Pacific Electronic Power Steering market segments and regions.

Order a Copy of this Asia Pacific Electronic Power Steering Market research report at – https://www.businessmarketinsights.com/buy/single/TIPRE00018141

The research on the Asia Pacific Electronic Power Steering market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Asia Pacific Electronic Power Steering market on the basis of end user, product type, application, and demography for the forecast period 2020–2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Asia Pacific Electronic Power Steering market.

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