Press release
Industry Size/Share of the Automotive Electric Power Steering Market, Valued at USD 42 Billion by 2032 at a 5.8% CAGR
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/7601
๐๐ก๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐จ๐ฐ๐๐ซ ๐๐ญ๐๐๐ซ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ : ๐๐๐๐ข๐ง๐ข๐ญ๐ข๐จ๐ง
The global automotive electric power steering market size provides various types of EPS systems to many renowned automotive manufacturing centers across the globe. There are different types of EPS systems that constructively handle and support vehicle steering and offer an unparalleled user experience. In addition, the EPS system plays a crucial role in smoothening top-notch automated driving systems. It also helps in improving the overall efficiency and performance of vehicles by offering customizable steering modes and integrating other vehicle systems for optimized driver assistance.
๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ญ๐ก๐จ๐๐จ๐ฅ๐จ๐ ๐ฒ
The global automotive electric power steering market report provides a panoramic analysis of the market scope and the growth rate of various segments at both region and country levels. This report also includes comprehensive research on the drivers, opportunities, and restraints extracted from the SWOT analysis of the global automotive electric power steering industry. In addition, the report also delivers a thorough analysis of the automotive electric power steering market, using Porter's five forces to understand the influence of various determinants such as competitive intensity, the threat of new competitors, and the bargaining power of competitors, enabling stakeholders to make appropriate investment decisions.
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ, ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ, ๐๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ
The growth of the automotive electric power steering market is navigated due to several factors, which include the imposition of strict emission standards by governments of many nations, the growing focus on fuel efficiency, the surging demand for vehicle safety and improved vehicle handling, and the rising incorporation of ADAS (advanced driver assistance systems) in the automotive industry. Furthermore, the increasing development of autonomous driving technology and the rising deployment of compact and economic motor control units for electric power steering systems are the major factors expected to create expansive growth opportunities for the market over the analysis period. However, the high initial investment costs, technical challenges, and complexity of using EPS systems may hinder the growth of the market.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/automotive-electric-power-steering-market/purchase-options
๐๐จ๐ฏ๐ข๐-๐๐ ๐๐ฆ๐ฉ๐๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
The outbreak of the Covid-19 pandemic has disrupted various industries, including the global automotive electric power steering market. This is mainly due to the supply chain disruptions and the downfall of the global automotive industry during the pandemic. However, the reopening of manufacturing units after the ease of lockdowns has increased the demand for EPS systems as manufacturers started producing vehicles to meet the rising demand from customers globally.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
The Automotive Electric Power Steering market is examined across four key regions: North America, Europe, Asia-Pacific, and LAMEA. In North America, the market trends in the U.S., Canada, and Mexico are explored. Europe analysis covers the UK, Germany, France, Spain, and the Rest of Europe. Asia-Pacific covers China, Japan, India, South Korea, and the Rest of Asia-Pacific. The analysis of LAMEA includes Latin America, the Middle East, Africa, and the rest of the region.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/7601
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ :
Nexteer Automotive
HL Mando Corp.
Robert Bosch GmbH
Hitachi, Ltd.
NSK Ltd.
JTEKT Corporation
ZF Friedrichshafen AG
Zhejiang Shibao Co., Ltd.
BBB Industries
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ :
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ซ๐๐๐ญ๐ข๐จ๐ง ๐๐ง๐ฏ๐๐ซ๐ญ๐๐ซ๐ฌ ๐๐๐ซ๐ค๐๐ญ : https://www.prnewswire.com/news-releases/automotive-traction-inverter-market-to-reach-46-3-billion-globally-by-2032-at-16-4-cagr-allied-market-research-301888425.html
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐๐ ๐๐ข๐ ๐ก๐ญ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ : https://www.globenewswire.com/en/news-release/2023/07/25/2710190/0/en/Automotive-LED-Lighting-Market-to-Generate-32-2-Billion-by-2031-Allied-Market-Research.html
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐๐ข๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ : https://www.globenewswire.com/en/news-release/2023/03/24/2634084/0/en/Automotive-Paints-Market-Size-to-Reach-29-7-Billion-by-2031-Allied-Market-Research.html
๐๐จ๐ง๐ญ๐๐๐ญ :
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