Automotive Electric Power Steering (EPS) Market Analysis, Type, Size, Trends, Key Players and Forecast 2022 to 2027

Automotive Electric Power Steering Market was valued at USD 20.15 billion in 2021, and it is expected to reach USD 29 billion by 2027, and is anticipated to register a CAGR of 6.26% during the Forecasts period (2022-2027).

Traditional steering systems, such as hydraulic and electro-hydraulic systems, can be replaced with an electric power steering (EPS) system. The global demand growth for electric power steering systems is being fueled by the growing public interest in self-driving cars. The overall weight of vehicles with electric power steering is typically lower, which further improves fuel economy.

The competitive landscape analysis of Automotive Electric Power Steering (EPS) Market uncovers detailed company profiles, revenue shares, portfolio innovations, regional product footprint, key developmental strategies, pricing structure, target markets, and near-term plans of market leaders. This entire section helps readers gain an essence of what is driving competition and what would help them stand out to win new target markets.

Market estimates and forecast are backed by an extensive primary research, further complemented by on-point secondary research of Automotive Electric Power Steering (EPS) Market. The research analysts have invested significant time and effort in gathering critical industry information from KIPs such as OEMs, top suppliers and distributors, and government bodies.

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Market Segmentations:
Global Automotive Electric Power Steering (EPS) Market: Major Players
Nexteer Automotive
Hitachi Automotive Systems Ltd
Hubei Henglong Auto System Group
Robert Bosch GmbH
Hyundai Mobis Co. Ltd.
Mitsubishi Electric Corporation
GKN PLC
ZF Friedrichshafen AG
NSK Ltd
JTEKT Corporation
Denso Corporation

Global Automotive Electric Power Steering (EPS) Market: By Types
Pinion Type
Dual Pinion Type

Global Automotive Electric Power Steering (EPS) Market: By Applications
Passenger Car
Commercial Vehicle

Automotive Electric Power Steering (EPS) Market Regional Analysis Includes:
• Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
• Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
• North America (the United States, Mexico, and Canada.)
• South America (Brazil etc.)
• The Middle East and Africa (GCC Countries and Egypt.)

Some Point from Table of Content:
Market Overview: It incorporates six sections, research scope, significant makers covered, market fragments by type, Automotive Electric Power Steering (EPS) market portions by application, study goals, and years considered.

Market Landscape: Here, the opposition in the Worldwide Automotive Electric Power Steering (EPS) Market is dissected, by value, income, deals, and piece of the pie by organization, market rate, cutthroat circumstances Landscape, and most recent patterns, consolidation, development, obtaining, and portions of the overall industry of top organizations.

Profiles of Manufacturers: Here, driving players of the worldwide Automotive Electric Power Steering (EPS) market are considered dependent on deals region, key items, net edge, income, cost, and creation.

Market Status and Outlook by Region: In this segment, the report examines about net edge, deals, income, creation, portion of the overall industry, CAGR, and market size by locale. Here, the worldwide Automotive Electric Power Steering (EPS) Market is profoundly examined based on areas and nations like North America, Europe, China, India, Japan, and the MEA.

Application or End User: This segment of the exploration study shows how extraordinary end-client/application sections add to the worldwide Automotive Electric Power Steering (EPS) Market.

Market Forecast: Production Side: In this piece of the report, the creators have zeroed in on creation and creation esteem conjecture, key makers gauge, and creation and creation esteem estimate by type.

Research Findings and Conclusion: This is one of the last segments of the report where the discoveries of the investigators and the finish of the exploration study are given.

Key Insights That Study Is Going to Provide:
• The 360-degree Automotive Electric Power Steering (EPS) market overview based on a global and regional level
• Market Share & Sales Revenue by Key Players & Emerging Regional Players
• Competitors - In this section, various Automotive Electric Power Steering (EPS) industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
• A separate chapter on Automotive Electric Power Steering (EPS) market Entropy to gain insights on Leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]
• Patent Analysis No of patents / Trademark filed in recent years.

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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come

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