Electronic Power Steering Market for Passenger Cars, EVs, and Commercial Vehicles | Driven by Electrification, Fuel Efficiency, and ADAS-Integrated Steering Solutions

Electronic Power Steering Market is expected to grow at a high CAGR during the forecasting period 2024 - 2031.

The Electronic Power Steering Market report by DataM Intelligence provides comprehensive 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. By combining qualitative and quantitative research methodologies, the firm delivers in-depth reports that help clients navigate complex market dynamics, drive strategic growth, and seize new opportunities in an ever-evolving global landscape.

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Market Overview :

The Electronic Power Steering (EPS) Market is expanding as automakers shift from hydraulic to electric systems to enhance fuel efficiency, reduce emissions, and improve driving comfort. EPS systems are increasingly integrated into modern vehicles, offering adaptive steering control and compatibility with advanced driver-assistance systems (ADAS).

Evolving Market Forces and Opportunities:

Growth is driven by rising electric and hybrid vehicle adoption, demand for lightweight components, and innovations in sensor-based steering technologies. Opportunities are emerging in steer-by-wire systems, autonomous vehicles, and expanding EPS deployment in heavy-duty commercial vehicles.

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

Research Methodology:

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.

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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 (EHPS)

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)

Most Frequently Asked Questions in the Electronic Power Steering Market Research Industry:

➠ What are the global figures for sales, production, consumption, imports, and exports in the Electronic Power Steering market?

➠ Who are the top manufacturers in the global Electronic Power Steering industry, and what is their current status in terms of production capacity, output, sales performance, pricing structure, cost analysis, profit margins, and overall revenue?

➠ What key opportunities are available for vendors in the Electronic Power Steering market, and what challenges are they likely to encounter?

➠ Which application areas, end-user segments, or product types are projected to experience significant growth, and how is the market share distributed among them?

➠ What are the major drivers and barriers influencing the growth trajectory of the Electronic Power Steering market?

➠ What are the primary sales, marketing, and distribution strategies used across the global Electronic Power Steering industry landscape?

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