Electronic Power Steering Market Estimated to Hit Huge Growth by 2031 | Key Players Profile - Robert Bosch, Delphi, Hyundai Mobis.

The Electronic Power Steering Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth opportunities in the market and provides recommendations for market participants to capitalize on these opportunities. Overall, the Electronic Power Steering market report is an essential resource for market participants who are looking to gain a comprehensive understanding of the market and identify opportunities for growth.

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The Electronic Power Steering Market is valued at a significant CAGR during the forecast period (2024-2031).

Electronic power steering (EPS) is an advanced steering system in vehicles that uses an electric motor to assist the driver's steering efforts. Unlike hydraulic systems, EPS offers precise control, better fuel efficiency, and reduced maintenance requirements. It adjusts steering assistance based on speed and driving conditions, enhancing safety and comfort. Widely used in modern cars, EPS also integrates with autonomous driving and driver-assistance technologies.

Competitive Landscape

The section also contains information related to the new product launches, mergers, acquisitions, collaborations, etc., to give a clear understanding about the competitive landscape prevailing in the global market. With an emphasis on strategies there have been several primary developments done by major companies such as

Robert Bosch, Delphi, Hyundai Mobis, GKN, Federal-Mogul, ZF Friedrichshafen, Mitsubishi Electric, TRW Automotive, Nexteer, ATS Automation Tooling Systems.

Key Developments:

❁ In 2016, the passenger car segment held the largest share of the electric power steering market. ZF Lenksysteme's Servolectric system, initially designed for optimal fuel efficiency in light commercial vehicles, expanded its presence in the high-volume LCV market. By that time, over 40 million Servolectric power steering systems had been produced, underscoring its widespread adoption and success.

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Market Segments

The detailed segmentation offered in the report will help customers get a clear idea about the market segments and the factors that will drive segmental growth. The Electronic Power Steering market has been segmented

By Vehicle Type: Passenger Cars, Commercial Vehicles (Light Commercial Vehicles, Heavy Commercial vehicles).

By Component: Steering Column, Steering Vehicle, Sensors, Electronic Control Unit, Electric motor, and bearings.

By Steering Type: Column assisted electronic power steering(C-EPS), Pinion assisted electronic power steering (P-EPS), Rack assisted power steering system (R-EPS), Electronic hydraulic power steering.

Research Process

Both primary and secondary data sources have been used in the global Electronic Power Steering Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Regional Analysis for Electronic Power Steering Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Electronic Power Steering market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Electronic Power Steering Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Electronic Power Steering market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Electronic Power Steering Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Electronic Power Steering market?

➠ Who are the global key manufacturers of the Electronic Power Steering Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Electronic Power Steering market opportunities and threats faced by the vendors in the global Electronic Power Steering Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Electronic Power Steering market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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