Skip to main content

Automotive Electric Power Steering Market To Reflect Impressive Growth Rate By 2019 - 2027

Automotive Electric Power Steering Market  

Transparency Market Research has published a new report on the global automotive electric power steering market for the forecast period of 2019–2027. According to the report, the global automotive electric power steering market is projected to reach ~US$ 33.8 Bn by 2027, expanding at a CAGR of ~5% during the forecast period.
Global Automotive Electric Power Steering Market: Key Findings
  • According to the report, the global automotive electric power steering market is likely to be driven by the demand for efficient power steering systems.
  • EPS with ADAS is a prominent segment of the automotive electric power steering market.
  • Rise in the adoption of electric vehicles is expected to be a major driver of the automotive electric power steering market.
  • Key manufacturers such as JTEKT Corporation and DENSO CORPORATION are likely to play a major role in propelling the global automotive electric power steering market with continuous development of technology.
Expansion of Global Automotive Electric Power Steering Market
  • Global shift toward efficient and low-emission vehicles is expected to drive the adoption of EPS.
  • Rising consumer demand for higher fuel economy and better ride quality of vehicles is expected to drive the automotive electric power steering market.
  • Improved sales of premium and luxury cars in North America and Europe and increasing sales of premium cars in Asia Pacific are projected to drive the global automotive electric power steering market.
To understand how our report can bring a difference to your business strategy, Buy Now https://www.transparencymarketresearch.com/checkout.php?rep_id=72794&ltype=S

In terms of motor assist, the column assist segment is expected to expand significantly in the automotive electric power steering market during the forecast period. A column assist electric power steering integrates the motor, sensor, and controller, and assists the mechanism within the steering column. Column assist electric power steering systems are highly preferred for passenger vehicles, and this factor is attributed to the leading share held by the segment in the global electric power steering market.
Based on technology, the EPS with ADAS segment is anticipated to expand considerably in the automotive electric power steering market during the forecast period, as more number of vehicles are adopting adaptive cruise control and lane keep assist systems. Rise in consumer affordability and awareness about vehicle safety have fueled the demand for ADAS, which, in turn, is driving the automotive electric power steering market. The sales of luxury and premium vehicles are rising in countries in Asia Pacific such as China and India. The resurgence of the demand for premium vehicles in Europe and North America and increasing sales in Asia Pacific are anticipated to drive the global automotive electric power steering market.
Request For COVID19 Impact Analysis Across Industries And Markets - Automotive Electric Power Steering Market

Regional Analysis of Global Automotive Electric Power Steering Market
  • In terms of region, the global automotive electric power steering market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is anticipated to lead the global automotive electric power steering market, owing to the high volume production of vehicles in India and China. Asia Pacific is followed by Europe and North America, owing to the high demand for vehicles in these regions.
Prominent players operating in the global automotive electric power steering market include JTEKT Corporation, DENSO Corporation, Sona Koyo Steering Systems Ltd., ZF Friedrichshafen AG, GKN plc., Robert Bosch GmbH, NSK Ltd., Mitsubishi Electric Corporation, China Automotive Systems, Inc., Delphi Technologies, Hyundai Mobis, Thyssenkrupp Business Area Components Technology, SHOWA Corporation, Mando Corp., Global Steering Systems, Zhejiang Shibao Company Limited, TRIDEC, and Hitachi Automotive Systems.
More Trending Reports by Transparency Market Research –  
Labels:

Comments

Post a Comment

Popular posts from this blog

Aerospace Window Frame Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Aerospace window frames are used in the cockpit windshields and passenger cabin windows to provide rigidity to the windows. Metal window frame is used widely in aircrafts. Increase demand of cockpit windshield frame in different countries such as India, Brazil and China among others is the one of the major factor boosting the market for aerospace window frame during the forecast period of 2017 – 2025. Based on aircraft type, the global aerospace window frame market is segmented into wide body aircraft, narrow body aircraft, very large aircraft, general aviation and regional aircraft. Among various aircraft types, in 2016, the wide body aircraft segment is estimated to be the major market followed by very large aircraft and expected to be the same during the forecast period of 2017 – 2025. Increasing regional and commercial aircraft deliveries is expected to be one of the major factor fueling the regional aircraft segment in global aerospace window frame market during the fo...
Post a Comment
Read more

Umbilical Market: Worldwide Industry Analysis and New Market Opportunities Explored

Umbilical cable refers to a technology which transfers signals, consumable, or energy from one end of the cable to another. Umbilical cables consist of multiple components assembled together in a composite structure. These components include hoses, tubes, electric cables, and optic cables. In addition, various types of umbilical cables are designed according to the requirement within the application such as electrical umbilical cables with signal and power elements to connect the ends over long distance. Furthermore, some umbilical cables are used to control the operation of subsea production, processing, and injection facilities. Similarly, some umbilical cables provide electric power to control signals to and from system. The Remote Operated Vehicle (ROV) umbilical communication cables are widely used during the installation of subsea control systems, and operational systems. The umbilical cables are also used to monitor position and functions of subsea installations remotely from o...
Post a Comment
Read more

Mulch Films Market By Manufacturers, Regions, Type and Application, Forecast To 2027 | AMCO Proteins, BASF SE, Berry Global Inc., Dow

  To understand the market in depth,  Mulch Films Market  research report is the perfect solution. With the specific base year and the historic year, estimations and calculations are performed in the report. This global market research report studies the market at regional and global level by considering major geographical areas. This Mulch Films report is generated with the combination of best industry insight, practical solutions, talent solutions and latest technology. The analysis and forecasting of market data using best statistical and coherent models, market share analysis and key trend analysis are the major accomplishing factors in this market report. Mulch Films report provides complete background analysis of the Mulch Films industry which includes an assessment of the parental market. All the statistical and numerical data, which is calculated with the most established tools such as SWOT analysis, is represented with the help of graphs and charts for the best u...
Post a Comment
Read more