Press release
Electric Power Steering Market in Depth Analysis, Global Trends, Opportunities, New Technologies, Regional Analysis, Growth Factors and Forecast 2029
Electric Power Steering Market
Exactitude Consultancy research's "Electric Power Steering Market Forecast" study report focuses at sales and the overall global market for Electric Power Steering in 2022. The sales forecast for Electric Power Steering by region and market sector for the years 2023 through 2029 is then thoroughly analyzed. This study provides a comprehensive analysis of the global Electric Power Steering market, with sales of Electric Power Steering broken down by region, market sector, and sub-sector, in US$ million.
Based on market dynamics and development-promoting variables, the Electric Power Steering Market research assesses market valuation and growth rate. On the most recent business prospects, trends, and news in the sector. Along with a SWOT analysis of the major suppliers, the research also includes a thorough market study and vendor landscape.
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Market Trends:
for Automotive Electric Power Steering Systems
According to our research analysts, the following are the key market trends influencing the market for automotive electric power steering systems:
The market is being driven by government initiatives and a growing focus on safer automotive systems.
Around 1.24 million people die in road accidents each year on average around the world, half of them are vulnerable road users like walkers and motorcycle riders, and the other half are victims of side-impact collisions. 80% of cars sold worldwide, according to the World Health Organisation (WHO), do not meet the essential safety requirements. The complete set of the seven most crucial standards for auto safety have only been implemented by 40 nations.
competitive analysis
The research identifies the key establishes that will drive growth since demand is determined by a buyer's financial resources and the rate at which an item develops. Key companies and new entrants can gain insight into the spending reports of major market participants in this area, which will help them better appreciate the possibilities for investment in the global Electric Power Steering market. It can be used more effectively by both established and up-and-coming players in the market to gain a thorough understanding of the sector.
Major companies in Electric Power Steering Market are:
TEKT (Japan), Nexteer (US), Robert Bosch (Germany), ZF (Germany), and NSK (Japan)
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.
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
Electric Power Steering Market by Region, 2020-2029, (USD Millions)
North America
Europe
APAC
MEA
Latin America
Important Countries in All Regions Are Covered.
Our market analysts are professionals at carefully categorizing the global Electric Power Steering market into various categories and assessing each segment's growth potential in detail. The research study begins with a comparison of the segments' consumption and growth rates throughout a nine-year assessment period. The report's segmentation study, which considers the market potential of the various categories examined, provides an excellent understanding of the global Electric Power Steering market. Businesses can better understand their target market by segmenting it, which enables them to create marketing plans and products that are tailored to particular categories. Here are two typical methods for market segmentation: by kind and by application.
This report also splits the market by region:
The United States, Canada, and Mexico make up North America, while Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Russia, Italy, Spain, and Turkey make up Europe. Other countries covered in the report include China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific (APAC). Saudi Arabia, the United Arab Emirates, Israel, Egypt, South Africa, and the rest of the Middle East and Africa (MEA) are also included.
The overall part of the research also lists specific market-impacting variables and domestic market regulation changes that have an effect on the market's present and future tendencies. Some of the key data points used to estimate the market situation for specific nations are consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, and upstream and downstream value chain analysis. When giving prediction analysis of the country data, it also takes into account the presence and accessibility of international brands, the difficulties they encounter owing to strong or weak competition from local and domestic brands, the influence of domestic tariffs, and trade routes.
Strategic Points Covered in Table of Content of Global Electric Power Steering Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Electric Power Steering market
Chapter 2: Exclusive Summary - the basic information of the Electric Power Steering Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Electric Power Steering
Chapter 4: Presenting the Electric Power Steering Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Electric Power Steering market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
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Thank you for reading it all the way to this point.
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EMAIL ADDRESS: sales@exactitudeconsultancy.com
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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