The global electric power assisted steering market generated revenue of $29.3 Billion in 2015 and is estimated to grow at 11.4% through 2020 to reach $50.2 Billion. The publisher also forecasts the overall shipments of EPS in automotive to double from around 48 million units in 2015 to around 91 million units in 2020. The overall electric power steering market revenue was around $7.5 billion in the U.S. in 2015 and is estimated to grow at a CAGR of 9.34% till 2020.
Power steering systems use ECUs, torque sensors, brushless motor position sensors, motors, and steering angle sensors generally. The report describes the Electric Power Steering market by product types, modules, fuel types, components, geography, and industry verticals. High level analysis about the individual Electric Power Steering product costs, strategies, future opportunities along with the business landscape analysis of key market players are focused in the report.
Sample Companies Profiled in this Report are:
- Martinrea International Inc.
- Mitsubishi Electric Corporation
- Trelleborg
- Robert Bosch GmbH
- China Automotive Systems Inc.
- 10+.
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