Press release
Electric Power Assisted Steering Systems Market Comprehensive Research Study, Regional Growth, Business Top Key Players Analysis- JTEKT, Bosch, NSK, Nexteer
Global Electric Power Assisted Steering Systems Market was valued at US$ 27,733.11 Mn in 2022 and is expected to exhibit a CAGR of 4.9% over the forecast period to reach US$ 44,303.29 Mn in 2030.
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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendors in the market.
Top Companies in the Global Electric Power Assisted Steering Systems Market: JTEKT, Bosch, NSK, Nexteer, ZF, Mobis, Showa, Thyssenkrupp, Mando
The Electric Power Assisted Steering Systems is segmented into the next classes.
Segment by Type
C-EPAS
P-EPAS
R-EPAS
Segment by Application
Passenger Car
Commercial Vehicle
Regional Evaluation
The key regions covered in the Sports Drug Testing Device market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa. It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.
Market Dynamics
The automotive industry is transforming, especially in the field of personal mobility, vehicle electrification, car connectivity, and autonomous driving. The increasing consumer demand for connected vehicles, digitalize in-car systems, and advanced driving assistance systems is expected to drive the global electric power steering (EPS) system market growth over the forecast period.
Moreover, the increasing popularity of advanced driving assistance system (ADAS) such as lane keep assist, lane departure warning, park assist, among others are expected to drive growth of the global electric power steering (EPS) system market in the near future.
Companies are introducing fail-safe operation technology to cope with the problems and malfunctions in electric power steering. Currently, Electric Power Steering (EPS) is equipped with an electromechanical control system that incorporates a dual circuit ECU and a motor in the steering mechanism. This system helps to maintain a vehicle's movement and to stop it safely at the time of failure of the primary system.
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Main features of the reports:
- Analysis and evaluation of strategic cooperation: researchers analyze recent strategic activities such as mergers, acquisitions, partnerships, collaborations and joint ventures.
- Comprehensive Market Size Estimation: The report analyzes the demographics, growth potential, and capabilities of the Middle East and Africa market over the forecast period. This factor estimates the market size in Middle East & Africa and provides an insight into how the market will regain growth over the assessment period.
- Investment Study: The report focuses on current and future investment opportunities in Middle East and Africa in particular, which will help stakeholders to recognize the current investment scenario in the market.
The report provides vital statistics on the market status of major market players and provides insights into market trends and developments, growth drivers, technologies and changing investment structures in the global market. The reports use effective graphical presentation techniques such as graphs, charts, tables, and figures for better understanding.
Table of Contents
Global Electric Power Assisted Steering Systems Market Research Report 2023 - 2030
Chapter 1 Electric Power Assisted Steering Systems Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Electric Power Assisted Steering Systems Market Forecast
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