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Global Automotive Electric Power Steering Systems Market 2021 is expected to register a CAGR of Growing rate%, during forecast period with Impact of Covid 19 Analysis

Automotive

Global “Automotive Electric Power Steering Systems Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Automotive Electric Power Steering Systems in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Automotive Electric Power Steering Systems Market report categorizes the market based on manufacturers, regions, type, and application. Automotive Electric Power Steering Systems Market reports offer a detailed assessment of the Automotive Electric Power Steering Systems including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Automotive Electric Power Steering Systems market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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The market has grown substantially and constituted over 50% of the overall automotive electric power steering market in 2017 and it is expected to reach over 75% by 2023. The shift from earlier hydraulic steering system technology to EPS systems, as a result of the global fuel crisis and need for fuel efficient solutions, has led to the growth in the global automotive electric power steering systems market. The need for reducing fuel consumption and other logistical benefits drove automobile manufacturers to shift from hydraulic power steering systems that have become obsolete to the new electric power steering systems. Electric power steering systems are now the norm in automotive industries everywhere. Sourcing of power from an alternator, along with independence from the combustion engine, has helped this technology successfully surpass the earlier steering system.

Market Segmentation:

The global automotive electric power steering systems market has been segmented on the basis of component type, vehicle type, type, and geography.
• On the basis of component type, the market has been segmented into steering wheel/column, sensors, steering motor, and others.
• On the basis of vehicle type, the market has been segmented into passenger cars, LCV, heavy vehicles, and others.
• On the basis of type, the market has been segmented into electrically-powered hydraulic steering, electro-hydraulic power steering, EPS, and others.
• On the basis of geography, the marker has been segmented into North America (US, Canada, others), Europe (UK, France, Germany, Russia, others), Asia-Pacific (China, Japan, India, South Korea, others), South America (Brazil, Argentina, others) and Middle East & Africa (South Africa, Saudi Arabia, others).

Europe holds the largest market share of the market, followed by North America. However, the growing automobile sector in Asia-Pacific, with India, China, and Japan emerging as automotive manufacture hubs, is expected to drive the market for electric power steering systems.

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The global Automotive Electric Power Steering Systems market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Automotive Electric Power Steering Systems Market Report covers the Top Key-players in 2021:-

  • Delphi Automotive
  • Hitachi Automotive Systems
  • Hyundai Mobis Co.
  • Ltd.
  • Infineon Technologies
  • Jtekt Corporation
  • Robert Bosch Gmbh
  • Trw Automotive
  • Nexteer Automotive
  • Nsk Global
  • Jtekt Corporation
  • Showa Corporation
  • Thyssenkrupp Presta Ag
  • Mando Corporation
  • Hyundai Mobis
  • Zhuzhou Elite Electro Mechanical Co. Ltd

Highlighted points of Automotive Electric Power Steering Systems Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Automotive Electric Power Steering Systems Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Automotive Electric Power Steering Systems? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Automotive Electric Power Steering Systems Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Automotive Electric Power Steering Systems Market? What Was Capacity, Production Value, Cost and PROFIT of Automotive Electric Power Steering Systems Market?
  • What Is Current Market Status of Automotive Electric Power Steering Systems Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Automotive Electric Power Steering Systems Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Automotive Electric Power Steering Systems Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Automotive Electric Power Steering Systems Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Automotive Electric Power Steering Systems Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Automotive Electric Power Steering Systems Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Automotive Electric Power Steering Systems Industry?

Key Developments in the Automotive Electric Power Steering Systems Market:

  • September, 2017 – GKN PLC has come up with SPIDAN power steering system, that features intelligent energy management that help in the reduction of fuel consumption and CO2 emission and preserves natural resources, through the use of remanufactured replacement components.
  • May, 2017 – The New Corvette Stingray and Bugatti Veyron have started using the advance Electric Power Assisted Steering system (EPAS), employing a simple motor to push the steering rack as the steering wheel turns, instead of hydraulic pistons and pumps.
  • September, 2017 – German auto parts maker, ZF Lenksysteme, stated that its electric power steering system uses 90% lesser energy than the hydraulic power steering.
  • May 2017 – Automotive vehicle production has been growing rapidly with a substantial increase in global population and vehicle-owning households. The market for electric power steering (EPS) systems has surpassed the conventional hydraulic steering, in less than 20 years.
  • The simpler construction compared to hydraulic systems, with benefits such as lesser weight, low maintenance, better response at different speeds, highly durability, and lesser fuel consumption, are driving the adoption of EPS over hydraulic systems, in turn, driving the market for electric power steering systems.
  • Unstable fuel prices and safety features such as electronic stability control and ABS integrated with electronic steering systems are some other factors that are increasing the demand.

    Reasons to Purchase the Report:

  • Current and future global automotive electric power steering systems market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players.
  • 3 months analyst support, along with the Market Estimate sheet (in excel).

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    Finally, the report Global Automotive Electric Power Steering Systems Market 2021 describes the Automotive Electric Power Steering Systems industry expansion game plan, the Automotive Electric Power Steering Systems industry knowledge supply, appendix, analysis findings, and the conclusion.

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