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Infinity Business information recently released its study on the Electronic Power Steering Market for the period 2023–2030 to give customers verifiable market information. Every aspect of the Electronic Power Steering market is methodically broken down in an organized manner in the research, which also provides in-depth discussions on drivers, trends, opportunities, and well-known sectors, all of which are backed up by actual examples. This Electronic Power Steering market study also includes in-depth profiles of major companies, together with information on their growth-oriented company plans.
Global electronic power steering (EPS) market is expected to grow at a CAGR of 5.6% from 2023 to 2030, reaching USD 35.6 billion by 2030
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Key Players in the Electronic Power Steering Market: Robert Bosch Automotive Steering GmbH, Mitsubishi Electric Corporation, ZF Friedrichshafen Group, Nexteer Automotive, NSK Global, JTEKT Corporation, SHOWA Corporation, thyssenkrupp Presta AG, Mando Corporation, Hyundai Mobis, Zhuzhou Elite Electro Mechanical Co. Ltd. and Others.
Electronic Power Steering Market Overview:
The electronic power steering (EPS) market is a critical component of the automotive industry, playing a pivotal role in steering systems for vehicles. EPS systems have largely replaced traditional hydraulic power steering systems due to their efficiency, precise control, and fuel-saving advantages. These systems use electronic control units (ECUs) and sensors to assist the driver in steering, offering varying levels of assistance based on driving conditions and speed. EPS is found in a wide range of vehicles, from passenger cars and trucks to commercial vehicles, and it is essential for enhancing vehicle safety, stability, and maneuverability while reducing emissions.
Trusted current state analysis tools, such as Porter’s five forces analysis and SWOT analysis are employed in the report to assess the Electronic Power Steering market data to deploy a complete overview of the market. Furthermore, this report gives a complete review of the magnitude and application scope of the market around the world. A detailed overview of the purchasing criteria and difficulties confronted in the Electronic Power Steering Market business sector is also elaborated in this report.
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Global Electronic Power Steering Market Segmentation by Type:
Column Assist EPS
Single-Pinion Assist EPS
Dual-Pinion Assist EPS
Rack Assist EPS
Global Electronic Power Steering Market Segmentation by Application:
Commercial Vehicles
Passenger Cars
Countries Covered:
Electronic Power Steering Market Challenges and Opportunities:
The electronic power steering market faces challenges related to the increasing complexity of automotive electronics, including cybersecurity concerns and the integration of advanced driver assistance systems (ADAS) with EPS. Additionally, the demand for electric and autonomous vehicles is driving the need for EPS systems that can adapt to new vehicle architectures. However, this market also presents significant opportunities. As automotive manufacturers focus on reducing emissions and improving fuel efficiency, EPS systems will continue to be in high demand. Furthermore, the integration of EPS with emerging technologies like steer-by-wire and drive-by-wire systems opens new avenues for innovation and differentiation in the automotive sector. Manufacturers that can address these challenges and harness the opportunities presented by evolving automotive trends are well-positioned for success in the EPS market.
Reasons to buy this Report:
This Electronic Power Steering market report provides valuable insights and analysis on a specific topic, which can help you make informed decisions and take strategic actions based on the information presented. By purchasing this Electronic Power Steering Market report, you will gain access to data, trends, and expert opinions that can save you time and resources, as you won’t have to collect and analyze the information yourself. Additionally, the report can serve as a reference guide that you can consult in the future, as it provides a comprehensive overview of the topic at hand. Overall, this Electronic Power Steering market report can be a valuable asset for individuals and organizations looking to stay up-to-date and make well-informed decisions in their field.
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Table of Contents:
Chapter 1. Executive Summary
Chapter 2. Industry Outlook
3.1. Electronic Power Steering Global Market segmentation
3.2. Electronic Power Steering Global Market size and growth prospects, 2015 – 2028
3.3. Electronic Power Steering Global Market Value Chain Analysis
3.3.1. Vendor landscape
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2 Market Restraint Analysis
3.6. Porter’s Analysis
3.6.1. Threat of New Entrants
3.6.2. Bargaining Power of Buyers
3.6.3. Bargaining Power of Buyers
3.6.4. Threat of Substitutes
3.6.5. Internal Rivalry
3.7. PESTEL Analysis
Chapter 4. Electronic Power Steering Global Market Type Outlook
Chapter 5. Electronic Power Steering Global Market Application Outlook
Chapter 6. Electronic Power Steering Global Market Geography Outlook
6.1. Electronic Power Steering Market Industry Share, by Geography, 2023 & 2030
6.2. North America
6.2.1. Electronic Power Steering Market 2023 -2030 estimates and forecast, by Type
6.2.2. Electronic Power Steering Market 2023 -2030, estimates and forecast, by application
6.2.3. The U.S.
6.2.4. Canada
6.3. Europe
6.3.3. Germany
6.3.4. The UK
6.3.5. France
Chapter 7. Competitive Landscape
Chapter 8. Appendix
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