The global automotive electric power steering (EPS) market size was valued at USD 26.38 billion in 2020, and projected to reach USD 52.56 billion by 2029, with a CAGR of 7.96% from 2022 to 2029.

Exactitude Consultancy research's“ Automotive Electric Power Steering (EPS) ” study report focuses at sales and the overall global market for Automotive Electric Power Steering (EPS) in 2022. The sales forecast for Automotive Electric Power Steering (EPS) by region and market sector for the years 2023 through 2026 is then thoroughly analyzed. This study provides a comprehensive analysis of the global Automotive Electric Power Steering (EPS) market, with sales of Automotive Electric Power Steering (EPS) broken down by region, market sector, and sub-sector, in US$ million.

Based on market dynamics and development-promoting variables, the Automotive Electric Power Steering (EPS) Market research assesses market valuation and growth rate. On the most recent business prospects, trends, and news in the sector. Along with a SWOT analysis of the major suppliers, the research also includes a thorough market study and vendor landscape.

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Automotive electronic power steering system is a very popular steering system that relies on the motor directly to provide auxiliary torque. At the moment, the majority of vehicles have an electronic power steering system installed, and it can cut fuel consumption by about 5%.

competitive analysis

The research identifies the key establishes that will drive growth since demand is determined by a buyer's financial resources and the rate at which an item develops. Key companies and new entrants can gain insight into the spending reports of major market participants in this area, which will help them better appreciate the possibilities for investment in the global Automotive Electric Power Steering (EPS) market. It can be used more effectively by both established and up-and-coming players in the market to gain a thorough understanding of the sector.

Recent Developments:

March 22, 2023 – Delphi Technologies expanded their braking offering with the introduction of premium Bi-metallic brake discs.

March 14, 2023 – NSK Ltd. and the Tokyo University of Technology have agreed to collaborate on the establishment of a tribology research centre.

Major companies in Automotive Electric Power Steering (EPS) Market are:

DENSO Corporation, Robert Bosch GmbH, Sona Koyo Steering Systems Ltd., ZF Friedrichshafen AG, JTEKT Corporation, NSK Ltd., Delphi Technologies, SHOWA Corporation, Hyundai Mobis, Mitsubishi Electric Corporation, Thyssenkrupp Business Area Components Technology, Mando Corp., Global Steering Systems, TRIDEC, Hitachi Astemo

Automotive Electric Power Steering (EPS) Market Segmentation:

Automotive Electric Power Steering (EPS) Market by Product Type, 2020-2029, (USD Billion) (Thousand Units)

Column Type

Pinion Type

Automotive Electric Power Steering (EPS) Market by Sales Channel, 2020-2029, (USD Billion) (Thousand Units)

OEM

Aftermarket

Automotive Electric Power Steering (EPS) Market by Vehicle Type, 2020-2029, (USD Billion) (Thousand Units)

Passenger Car

Commercial Vehicle

Automotive Electric Power Steering (EPS) Market by Component, 2020-2029, (USD Billion) (Thousand Units)

Steering Column

Sensors

Steering Gear

Mechanical Rack and Pinion

Electronic Control Unit

Electric Motor

Bearing

Automotive Electric Power Steering (EPS) Market by Region, 2020-2029, (USD Billion) (Thousand Units)

North America

Europe

Asia Pacific

South America

Middle East and Africa

Important Countries in All Regions Are Covered

This report also splits the market by region:

The United States, Canada, and Mexmake up North America, while Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Russia, Italy, Spain, and Turkey make up Europe . Other countries covered in the report include China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific (APAC). Saudi Arabia, the United Arab Emirates, Israel, Egypt, South Africa, and the rest of the Middle East and Africa (MEA) are also included.

The overall part of the research also lists specific market-impacting variables and domestic market regulation changes that have an effect on the market's present and future tendencies. Some of the key data points used to estimate the market situation for specific nations are consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, and upstream and downstream value chain analysis. When giving prediction analysis of the country data, it also takes into account the presence and accessibility of international brands, the difficulties they encounter owing to strong or weak competition from local and domestic brands, the influence of domestic tariffs, and trade routes.

Strategic Points Covered in Table of Content of Global Automotive Electric Power Steering (EPS) Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Automotive Electric Power Steering (EPS) market
Chapter 2: Exclusive Summary – the basic information of the Automotive Electric Power Steering (EPS) Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Automotive Electric Power Steering (EPS)
Chapter 4: Presenting the Automotive Electric Power Steering (EPS) Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Automotive Electric Power Steering (EPS) market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these variregions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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