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The electric power steering market is forecasted to grow by USD 7.33 billion during 2023-2028, accelerating at a CAGR of 5.05% during the forecast period. The report on the electric power steering market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by stringent regulations to control vehicular emissions, sharing of increase in production costs by OEMs and end-users, and rising adoption of EPS in entry-level and mid-segment vehicles.
The electric power steering market is segmented as below:
By Type
- Collapsible
- Rigid
By Application
- Passenger car
- Commercial vehicle
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
The report on the electric power steering market covers the following areas:
- Electric power steering market sizing
- Electric power steering market forecast
- Electric power steering market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The analyst recognizes the following companies as the key players in the global electric power steering market: DENSO Corp., GKN Sinter Metals Engineering GmbH, HELLA GmbH and Co. KGaA, Hitachi Ltd., Infineon Technologies AG, JTEKT Corp., Knorr Bremse AG, Mando Aftermarket North America, Mitsubishi Electric Corp., Nexteer Automotive Group Ltd., Nissan Motor Co. Ltd., NSK Ltd., NXP Semiconductors NV, Robert Bosch GmbH, STMicroelectronics International N.V., TT Electronics Plc, Valeo SA, Zapi Group, and ZF Friedrichshafen AG.Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is steer-by-wire technology gaining adoption in CVs.'
According to the report, one of the major drivers for this market is the stringent regulations to control vehicular emissions.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- DENSO Corp.
- GKN Sinter Metals Engineering GmbH
- HELLA GmbH and Co. KGaA
- Hitachi Ltd.
- Infineon Technologies AG
- JTEKT Corp.
- Knorr Bremse AG
- Mando Aftermarket North America
- Mitsubishi Electric Corp.
- Nexteer Automotive Group Ltd.
- Nissan Motor Co. Ltd.
- NSK Ltd.
- NXP Semiconductors NV
- Robert Bosch GmbH
- STMicroelectronics International N.V.
- TT Electronics Plc
- Valeo SA
- Zapi Group
- ZF Friedrichshafen AG
