Press release
Automotive Electric Power Steering (EPS) Market All Sets for Continued Outperformance: Nexteer, NSK, HL Mando
Automotive Electric Power Steering (EPS) Market
Key Players in This Report Include:
Robert Bosch GmbH (Germany), Nexteer (United States), ZF Friedrichshafen AG (Germany), Infineon Technologies AG (Germany), NSK Ltd. (Japan), JTEKT Corporation (Japan), Mitsubishi Electric Corporation (Japan), HL Mando Corp. (South Korea), Hitachi Astemo Americas, Inc. (United States), Knorr-Bremse (Germany), MAHLE GmbH (Germany), SKF (Sweden), ABLIC Inc. (Japan), Denso Corporation (Japan), Renesas Electronics Corporation (Japan), Mitsuba Corporation (Japan)
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Definition:
The Automotive Electric Power Steering (EPS) Market encompasses the production and supply of electric power steering systems, which assist drivers in steering vehicles using an electric motor rather than a hydraulic system. EPS systems are more energy-efficient, offer better fuel economy, and provide greater control and precision than traditional steering systems. They are widely used in modern vehicles due to their ability to integrate with advanced driver assistance systems (ADAS) for features like lane-keeping and automated parking. The market is driven by increasing vehicle electrification, demand for fuel efficiency, and advancements in automotive safety technologies.
Market Trends:
• Steer-by-wire technology offers design flexibility and more precise control by removing mechanical interconnections.
• Modular EPS systems allow automakers to tailor steering configurations to specific vehicle types and sizes.
Market Drivers:
• The demand for fuel-efficient vehicles and superior handling boosts the adoption of Automotive Electric Power Steering (EPS).
• Integration of EPS with advanced driver-assistance systems (ADAS) enhances precision and automation in modern vehicles.
Market Opportunity:
• The rise of electric vehicles creates opportunities for EPS due to its energy-efficient advantages.
• Expanding into emerging markets with a focus on fuel-efficient and environmentally conscious vehicles offers growth potential.
Market Challenges:
• EPS reliability in diverse driving conditions is challenging due to its dependence on electronic components.
• High research and development costs and consumer skepticism about transitioning from hydraulic to electric steering hinder adoption.
Major Highlights of the Automotive Electric Power Steering (EPS) Market report released by HTF MI
Global Automotive Electric Power Steering (EPS) Market Breakdown by Type (Column, Pinion, Rack, Others) by Component (Columns, Sensors, Motors, Control Modules) by Vehicle Type (Passenger, Commercial) by Propulsion (ICE, Electric) and by Geography (North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)
Global Automotive Electric Power Steering (EPS) market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report
• To carefully analyze and forecast the size of the Automotive Electric Power Steering (EPS) market by value and volume.
• To estimate the market shares of major segments of the Automotive Electric Power Steering (EPS)
• To showcase the development of the Automotive Electric Power Steering (EPS) market in different parts of the world.
• To analyze and study micro-markets in terms of their contributions to the Automotive Electric Power Steering (EPS) market, their prospects, and individual growth trends.
• To offer precise and useful details about factors affecting the growth of the Automotive Electric Power Steering (EPS)
• To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Automotive Electric Power Steering (EPS) market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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Major highlights from Table of Contents:
Automotive Electric Power Steering (EPS) Market Study Coverage:
• It includes major manufacturers, emerging player's growth story, and major business segments of Automotive Electric Power Steering (EPS) market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
• Automotive Electric Power Steering (EPS) Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
• Automotive Electric Power Steering (EPS) Market Production by Region Automotive Electric Power Steering (EPS) Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
• Key Points Covered in Automotive Electric Power Steering (EPS) Market Report:
• Automotive Electric Power Steering (EPS) Overview, Definition and Classification Market drivers and barriers
• Automotive Electric Power Steering (EPS) Market Competition by Manufacturers
• Automotive Electric Power Steering (EPS) Capacity, Production, Revenue (Value) by Region (2024-2030)
• Automotive Electric Power Steering (EPS) Supply (Production), Consumption, Export, Import by Region (2024-2030)
• Automotive Electric Power Steering (EPS) Production, Revenue (Value), Price Trend by Type {Column, Pinion, Rack, Others}
• Automotive Electric Power Steering (EPS) Market Analysis by Application {Columns, Sensors, Motors, Control Modules}
• Automotive Electric Power Steering (EPS) Manufacturers Profiles/Analysis Automotive Electric Power Steering (EPS) Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
• Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
Browse Complete Summary and Table of Content @ https://www.htfmarketintelligence.com/report/global-automotive-electric-power-steering-eps-market
Key questions answered
• How feasible is Automotive Electric Power Steering (EPS) market for long-term investment?
• What are influencing factors driving the demand for Automotive Electric Power Steering (EPS) near future?
• What is the impact analysis of various factors in the Global Automotive Electric Power Steering (EPS) market growth?
• What are the recent trends in the regional market and how successful they are?
Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, LATAM, Europe, or Southeast Asia.
Contact Us:
Nidhi Bhavsar (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +15075562445
sales@htfmarketintelligence.com
About Author:
HTF Market Intelligence consulting is uniquely positioned empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist in decision making.
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