Press release
Electric Power Steering Market 2022, Competitor Landscape, Industry Opportunity Analysis, Growth, Trends and Forecast To 2029
Electric Power Steering Market Outlook (2022-2029)
Report Exactitude Consultancy has released a new research report on the Electric Power Steering Market. Research report provides key details on growth plans, business opportunities, trends, innovations, competitive landscape in 2022, and geographic outlook including North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Industry report additional consists of Market Progress components, benefits & disadvantages, covid-19 affect evaluation, business restraint, challenges, and Alternatives for the forecasted interval. Historic developments, future developments, technological developments, demographics, and regulatory necessities of the market have been totally analyzed to calculate the expansion charge for every phase and sub-segment.
The commercial vehicle power steering industry is currently dominated by hydraulic power steering (HPS). This hydraulic power steering is a complex design, consumes a lot of energy, is leaky and difficult to operate. Benefits of EPS include adjustable power, efficient steering, low fuel consumption and low emissions. Therefore, commercial vehicles will gradually adopt it.
Report Forecast:
"The global Electric Power Steering Market size is USD 23.10 Billion in 2020 and is expected to grow till USD 39.15 Billion by 2029, at a Compounded annual growth rate (CAGR) of 6.25%.
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Recent developments
NSK Develops the World's Lightest Electric Power Steering System
NSK Ltd.President and CEO: Toshihiro Uchiyama) today announced that it has developed the world's lightest column-type electronic power steering* (EPS) system with the tilt, designed to contribute to fuel efficiency in automobiles. NSK plans to sell this product on a global scale for mid to small-sized cars with a particular need for fuel efficiency.
What Information does this report contain?
Expert analysis: industry, government, innovation and technology trends. Factors affecting development, SWOT.
2-3 year performance projections: main segments covering applications, top products and geographies.
Competitive landscape report: Electric Power Steering Market leaders and major players, the capabilities and capabilities of these companies in relation to their production, and sustainability and prospects.
Who are the Major Electric Power Steering Market Vendors?
Some key Electric Power Steering Market players are JTEKT (Japan), Nexteer (US), Robert Bosch (Germany), ZF (Germany), and NSK, and others.
Electric Power Steering Market Segmentation:
Electric Power Steering Market by Components, 2020-2029, (USD Millions)
Steering Column
Sensors
Steering Gear
Mechanical Rack and Pinion
Electronic Control Unit
Electric Motor
Bearing
Electric Power Steering Market by Electric Motor, 2020-2029, (USD Millions)
Brush Motor
Brushless Motor
Electric Power Steering Market by Application, 2020-2029, (USD Millions)
Passenger Cars (PC)
Commercial Vehicles (CV)
Electric Power Steering Market by Highway Application, 2020-2029, (USD Millions)
Construction Equipment
Agricultural Equipment
Electric Power Steering Market by Electric Vehicle, 2020-2029, (USD Millions)
BEV
PHEV
FCEV
Electric Power Steering Market by EV Gear Type, 2020-2029, (USD Millions)
Worm Gear
Ball Screw
Electric Power Steering Market by Type, 2020-2029, (USD Millions)
Rack Assist Type (REPS)
Colum Assist Type (CEPS)
Pinion Assist Type (PEPS)
Electric Power Steering Market by Mechanism, 2020-2029, (USD Millions)
Rigid
Collapsible
Read Full Report of Electric Power Steering Market-> https://exactitudeconsultancy.com/reports/7695/electric-power-steering-market/
The Report's Table of Contents includes
1. Summary
Characteristics of the Electric Power Steering Market
Market trends and strategies for Electric Power Steering
Impact of COVID-19 on Electric Power Steering
Five. Market size and growth of Electric Power Steering
…… 27. Competitive Environment and Company Profiles in the Electric Power Steering Market
Major mergers and acquisitions in the Electric Power Steering Market
Future Outlook and Potential Analysis of Electric Power Steering Market
30 appendix
This report covers the trends and market dynamics of the Electric Power Steering Market in the key countries of Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and US. The report also includes consumer research and various future opportunities of the Market.
Key Benefits for Industry Participants & Stakeholders
Along with financial information on Electric Power Steering companies, the report provides a thorough overview of the Electric Power Steering Market. It begins by providing a general overview of the global Electric Power Steering market before going on to describe the current condition of the market, its structure, and its categorization in order to define the report's scope.
Key Reasons to Purchase
Get a very world perspective from one of the vital trusted and quickest rising firms out there analysis business.
The survey consists of how the market will seem and have the potential to develop after the effect of the Covid-19 pandemic.
Establish progress segments for funding.
It gives enterprise profiles of a number of stakeholders.
The report gives 2 years of assessments of the Electric Power Steering
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About Us
Exactitude Consultancy is a Market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our professional team works hard to fetch the most authentic research reports backed with impeccable data figures which guarantee outstanding results every time for you. So, whether it is the latest report from the researchers or a custom requirement, our team is here to help you in the best possible way.
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