openPR Logo
Press release

Electronic Power Steering Market Size, Latest Growth, Forecast By 2024 - 2031 | Robert Bosch, Delphi, Hyundai Mobis.

02-04-2025 07:44 PM CET | Tourism, Cars, Traffic

Press release from: DataM Intelligence 4market Research LLP

Electronic Power Steering Market

Electronic Power Steering Market

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

The Electronic Power Steering market report provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Leveraging a combination of qualitative and quantitative research methods, the company offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID):- https://datamintelligence.com/download-sample/electronic-power-steering-market?rk

Electronic Power Steering (EPS) is a technology that replaces traditional hydraulic power steering with an electric motor-driven system. It improves fuel efficiency by eliminating the need for a hydraulic pump. EPS systems enhance vehicle handling, stability, and driver comfort by providing variable steering assistance. Advanced EPS integrates with driver-assist technologies like lane-keeping and autonomous driving. The automotive industry's shift toward electric and hybrid vehicles is accelerating EPS adoption.

Forecast Growth Projected:

The Global Electronic Power Steering Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

List of the Key Players in the Electronic Power Steering Market:

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

Industry Development:

❁ 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.

Research Methodology

Our research methodology combines both qualitative and quantitative approaches to provide you with a thorough market analysis. We begin by gathering data from trusted industry reports and databases (secondary research), followed by primary research through surveys and interviews with key experts. We then apply advanced statistical tools to analyze the data, uncover trends, and assess market dynamics. Additionally, we use market segmentation and Porter's Five Forces analysis to evaluate competition. This approach ensures that the insights we provide are reliable, actionable, and tailored to support your decision-making process.

Make an Enquiry for purchasing this Report @ https://www.datamintelligence.com/enquiry/electronic-power-steering-market?rk

Segment Covered in the Electronic Power Steering Market:

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.

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, Market Access, 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).

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)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

Speak to Our Senior Analyst and Get Customization in the report as per your requirements: https://datamintelligence.com/customize/electronic-power-steering-market?rk

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?

Contact Us -

Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -

DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Electronic Power Steering Market Size, Latest Growth, Forecast By 2024 - 2031 | Robert Bosch, Delphi, Hyundai Mobis. here

News-ID: 3849746 • Views:

More Releases from DataM Intelligence 4market Research LLP

Germany Medical Technology market reached US$ 42.2 billion in 2023 and is expected to reach US$ 62.63 billion by 2031 | Siemens Healthineers AG, Carl Zeiss Meditec AG, B. Braun SE
Germany Medical Technology market reached US$ 42.2 billion in 2023 and is expect …
The Germany Medical Technology market reached US$ 42.2 billion in 2023 and is expected to reach US$ 62.63 billion by 2031, growing at a CAGR of 5.1% during the forecast period 2024-2031. Germany's Medical Technology Market encompasses devices, diagnostic equipment, and digital health solutions. Growth is driven by aging populations, chronic disease prevalence, and healthcare innovation. Hospitals, clinics, and research centers are major end-users. Innovations focus on minimally invasive devices, AI
Biopesticides Market Projected to Reach US$24.16B by 2032, Growing at a CAGR of 15.3% on Rising Demand for Eco-Friendly Crop Protection
Biopesticides Market Projected to Reach US$24.16B by 2032, Growing at a CAGR of …
The Biopesticides Market was valued at US$ 7,734.43 million in 2024 and is projected to reach US$ 24,158.10 million by 2032, registering a CAGR of 15.3% during the forecast period 2025-2032. The market focuses on the development and use of biological pest control solutions derived from natural organisms, including microorganisms, plant extracts, and bioactive compounds. Biopesticides are widely applied in agriculture, horticulture, and forestry to control pests, enhance crop protection, and
Japan Wearable Devices Market to Hit $12.31 Billion by 2033, Growing at 12.6% CAGR | Expanding Opportunities in Health, Fitness, and IoT
Japan Wearable Devices Market to Hit $12.31 Billion by 2033, Growing at 12.6% CA …
The Japan wearable devices market reached US$4,026.98 million in 2024 and is expected to reach US$12,310.52 million by 2033, growing at a CAGR of 12.6 % during the forecast period 2025-2033, according to DataM intelligence. Japan's Wearable Devices Market includes smartwatches, fitness trackers, health monitors, and AR/VR devices. Growth is driven by healthcare monitoring, fitness trends, and IoT adoption. Applications span personal wellness, remote patient monitoring, and industrial safety. Companies and
Germany Probiotic Drinks Market was US$ 1,006.76 million in 2020 and is expected to reach US$ 1,738.01 million in 2028 growing at a CAGR of 7.76% | Opportunities in Health & Wellness Beverages
Germany Probiotic Drinks Market was US$ 1,006.76 million in 2020 and is expected …
The Germany Probiotic Drinks Market was US$ 1,006.76 million in 2020 and is expected to reach US$ 1,738.01 million in 2028 growing at a CAGR of 7.76% during the forecast period (2025-2028). Germany's Probiotic Drinks Market includes beverages fortified with live microorganisms promoting gut health and immunity. Growth is driven by wellness trends, functional foods demand, and consumer awareness. Products include yogurts, fermented drinks, and kefir. Retail, health food stores, and

All 5 Releases


More Releases for Steering

Key Trend Reshaping the Automotive Steering System Market in 2025: Innovative Hi …
What market dynamics are playing a key role in accelerating the growth of the automotive steering system market? The surge in the need for fuel-efficient cars is forecasted to propel the evolution of the automotive steering system industry. Vehicles which maximize mileage in relation to fuel usage are advancing in popularity, generally due to technological progress and engineering innovations that lessen the need for fuel. There's a heightened recognition of the
Electric Power Steering Market: Steering the Automotive Industry Towards Innovat …
Electric Power Steering Market size was valued at USD 24.5 Bn. in 2021 and the total revenue is expected to grow at 5.7% of CAGR through 2022 to 2029, reaching nearly USD 38.17 Bn. Electric Power Steering Market Overview: The Electric Power Steering (EPS) Market achieved a remarkable valuation of US$ 24.5 billion in 2021, marking a significant milestone. Forecasts predict a robust Compound Annual Growth Rate (CAGR) of 5.7% through 2022
Electric Power Steering System (EPS) Market: An Analysis of Demand and Supply in …
Electric Power Steering System (EPS) Market 2023 Forecast: Unveiling Opportunities and Growth Global "Electric Power Steering System (EPS) Market" is an exploration report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. These bits of knowledge offered in the Electric Power Steering System (EPS) Market report would benefit request players
Automotive Steering System Market : Electronic Power Steering, and Electro-Hydra …
The global automotive steering system market was valued at $29,423.8 million in 2017, and is projected to reach $45,349.8 million by 2025, registering a CAGR of 5.4% from 2018 to 2025. In 2017, Asia-Pacific accounted for the highest share in the global automotive steering system market. Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/2317 Electronic power steering segment to retain dominance through forecast period The electronic power steering (EPS) segment occupied more than three-fifths of the
Automotive Steering System Market : Hydraulic Power Steering, Electronic Power S …
The global automotive steering system market was valued at $29,423.8 million in 2017, and is projected to reach $45,349.8 million by 2025, registering a CAGR of 5.4% from 2018 to 2025. The growth of the global automotive steering system market is driven by rise in disposable income of consumers and increase in demand for power steering systems in automotive due to their enhanced comfort and fuel efficiency, which ensure effortless driving
India Automotive Steering System Market : Steering Gear, Power Steering Hoses, P …
The India automotive steering system market was valued at $4.68 billion in 2017, and is projected to reach $10.04 billion by 2026, growing at a CAGR of 9.0% from 2019 to 2026. Rise in demand for motor vehicles and increase in adoption of power steering systems fuel the growth of the India automotive steering system market. On the other hand, high cost associated with power steering systems and low penetration of