Electric Power Steering Market Analysis From 2018 To 2023: By Emerging Trends, Segmentation, Sales, and Regional Landscape

Electric Power Steering Market Size, Share, Trends, Sales, and Regional Forecasts to 2023 is latest Electric Power Steering Market analysis report from MarketResearchFuture’s Automotive industry specialists that offer comprehensive information on Electric Power Steering Market by Type (Column Assist Electric Power Steering (C-EPS)), Pinion Assist Electric Power Steering (P-EPS), Rack Assist Electric Power Steering (R-EPS), and Others), by Vehicle Type (Passenger Car and Commercial Vehicle), by Region.

Electric Power Steering Market Overview:

Electric Power Steering is increasing replacing hydraulic steering’s in the automotive industry. Usage of Electric Power Steering will improve the fuel economy because Electric Power Steering uses around 8-10 horsepower under load. Electric powered steering uses electric motor instead and provides increased steering capabilities with less effort, as it removes hose, fluid, drive belt, pulley, and pump. Growth in the improved steering & reliability, and high fuel efficiency of Electric Power Steering over hydraulic steering systems is expected to drive the market of Electric Power Steering. The global Electric Power Steering market is expected to show a growth at CAGR of about 15% from 2018 to 2021.

Electric Power Steering Manufacturers Analyzed: JTEKT Corporation, Robert Bosch Automotive Steering GmbH, ZF TRW Automotive Holdings Corp., NSK Ltd., Nexteer Automotive Group Limited, Mando Corporation, ThyssenKrupp Ag, Hyundai Mobis Co., Ltd., Showa Corporation, and China Automotive Systems Inc.

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Target Audience:

Electric Power Steering system manufacturer.

Automotive manufacturers.

Government and research organization.

Investment bankers and M&A Consultants.

Geographic Analysis:

Geographical analysis across 17 countries.

Company Information:

Profiling of 10 key market players.

SWOT analysis, and strategy information of top five players in the market.

Competitive landscape including emerging trends adopted by major companies.

Scope of the Report:

This study provides an overview of the global Electric Power Steering market, tracking three market segments across four geographic regions. The report studies key players, providing a six year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region.

Electric Power Steering Market Regional Analysis:

Asia-Pacific has emerged to be fastest growing market for Electric Power Steering market. This region has largest vehicle production due to increasing population and increasing disposable income. Increasing population, improving per capita income, and improving living standards are driving the market for automotive industries and hence expected to drive the market for Electric Power Steering.

Study Objectives of Electric Power Steering Market

To provide detailed analysis of the market structure along with forecast for the next five years of various segments and sub-segments of the global Electric Power Steering market.

To provide insights about factors affecting the market growth.

To analyze the global Electric Power Steering market based on various factors such as supply chain analysis, and Porter’s five forces analysis.

To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries - North America, Europe, Asia-Pacific, and ROW.

To provide country level analysis of the market with respect to the current market size and future prospective.

To provide country level analysis of the market for segment by type, vehicle type and region.

To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.

To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Electric Power Steering market.

The report for Global Electric Power Steering Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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