Press release
Electronic Power Steering (EPS) Market: Key Trends, Demand, Growth, Size, Review, Share, Analysis to 2025 |The Insight Partners
Browse market data tables and in-depth TOC of the Electronic Power Steering (EPS) Market to 2025 @ http://www.theinsightpartners.com/reports/electronic-power-steering-market
The electromechanical power steering controls and assists vehicle steering using an intelligently controlled electric motor. It is the latest system in which the electric motor ("E-motor") is attached directly to the steering gearbox without a hydraulic system. Sensors detect the motion of the steering column and a processor module applies assistive power via an electric motor. This allows varying amounts of assistance depending on driving conditions.
The report aims to provide an overview of global electronic power steering market with detailed market segmentation by vehicle type, EPS type, and geography. The global electronic power steering market is expected to witness high growth during the forecast period. Added benefits of electronic power steering over hydraulic steering such as improves fuel economy, eliminates the weight and bulk of the power steering pump and hoses as well as creates less noise, all these features are expected to drive the electronic power steering market.
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The objectives of Electronic Power Steering (EPS) Market report are as follows:
• To provide overview of the global electronic power steering market
• To analyze and forecast the global electronic power steering market on the basis of vehicle type and EPS type
• To provide market size and forecast till 2025 for overall electronic power steering market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries
• To evaluate market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend
• To provide exhaustive PEST analysis for all five regions
• To profiles key electronic power steering players influencing the market along with their SWOT analysis and market strategies
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Segmentations Covered in the Electronic Power Steering (EPS) Market
• EPS Type, C – EPS, P – EPS, D – EPS, R - EPS
• Vehicle Type: Heavy Duty, Light Duty, Passenger Vehicle
• Geographical Analysis: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), South America (SAM)
Some of the leading players in Electronic Power Steering Market Report
• JTEKT Corporation
• Misubishi Corporation
• Nidec Corporation
• Rober Bosch
• Nexteer Automotive
• Hyndai Mobis
• Thyssenkrupp Presta AG
• Sona Koyo Steering Systems Ltd.
• ZF Friedrichshafen Group
• Zhuzhou Elite Electro Mechanical Co. Ltd. among others.
Why Buy Electronic Power Steering Market Report?
• Highlights widely used product offerings thereby allowing organizations to gain revenues by focusing majorly on select products
• The key findings and recommendations highlight crucial progressive industry trends in the electronic power steering market, thereby allowing players across the value chain to develop effective long term strategies
• Get reliable information about the strategies manufacturers in this market use to drive revenue
• Gain insights into the competitive landscape, to strengthen market competitiveness and positioning
• Highlights key business priorities in order to assist companies to realign their business strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as the those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
• Examine the current and future impact of the five forces namely: bargaining power of suppliers, bargaining power of buyers, threat of substitutes, threat of new entrants and degree of competition
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About The Insight Partners:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.
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