Electric Power Steering Industry to Witness Robust Expansion Throughout the Forecast Period 2021-2031 | JTEKT, NSK, Showa Corporation

This Electric Power Steering industry report enables the product offering to be improved. It then moves on to innovative concepts for boosting profitability and productivity in the workplace. It also provides a few useful suggestions for assessing business performance. To understand more about the current industry condition, prioritized data is also accessible. This Electric Power Steering industry report is a comprehensive description of industry size and forecasting. It documents a wide range of actions and procedures in order to assist organizations in making smart decisions.

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The electric power steering (EPS) systems are a highly fuel efficient alternative to the traditional steering systems, the hydraulic and electro-hydraulic systems. The major factor that is contributing to the growth of the Electric Power Steering Industry across the world is the rising popularity of self-driven vehicles. Vehicles that come with electric power steering, are observed to have a reduced overall weight, which increases the fuel efficiency. Electric power steering operates by an electric motor to steer the wheel while hydraulic power steering uses a pump that is integrated with an oil tank. The usage of the pump in hydraulic power steering places a load on the vehicle’s engine, which causes an adverse effect on the fuel consumption and overall vehicle performance. Electric power steering systems provide torque which is applied to the steering wheel used to drive the vehicle.

Competitive Scenario

The competitive scenario provides an outlook analysis of the various business growth strategies adopted by the industry participants. The competition intelligence represents relevant news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the industry place and competitor's strength and weakness thereby, providing insights to enhance product and service.

Company Usability Profiles

The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Electric Power Steering Industry, including Robert Bosch (Germany), JTEKT (Japan), Nexteer (US), ZF (Germany), NSK (Japan), Delphi (UK), GKN (UK), Federal-Mogul (US), Hyundai Mobis (South Korea) and Showa Corporation (Japan).

Industry Statistics

The report helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2017 and 2019 are considered historical years, 2020 as the base year, 2021 as the estimated year, and years from 2021 to 2031 are considered the forecast period.

Segmental Analysis:

By Type

R-EPS
P-EPS
C-EPS

By Component

Sensor
Steering Column
Steering Motor
Others

By Electric Motor Type

Brushless DC Motors
Brushed DC Motors

By Mechanism

Rigid EPS
Collapsible EPS

By Vehicle Type

Commercial Vehicles
Passenger Cars

Geographic Segment Covered in the Report:

North America
Europe
Asia Pacific
Middle East & Africa
South America

Qualitative Analysis

Qualitative analysis includes industry dynamics, PESTLE analysis and trends also the competitive landscape in terms of domains, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the favorable fit for the vendors to implement successful merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

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industry Segment Share Analysis

The share analysis offers the analysis of vendors considering their contribution to the overall industry. It provides the idea of its revenue generation into the overall domain compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing industry share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the industry characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:
1. Industry Penetration: Provides comprehensive information on the industry offered by the key players
2. Industry Development: Provides in-depth information about lucrative emerging industries and analyze penetration across mature segments of the domains
3. Competitive Assessment & Intelligence: Provides an exhaustive assessment of industry shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
4. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the industry size and forecast of the Global Electric Power Steering Industry?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Electric Power Steering Industry during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Electric Power Steering Industry?
4. How is the competition intensity in the Global Electric Power Steering Industry?
5. What are the technology trends and regulatory frameworks in the Global Electric Power Steering Industry?
6. What is the industry share of the leading vendors in the Global Electric Power Steering Industry?
7. What modes and strategic moves are considered suitable for entering the Global Electric Power Steering Industry?

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