Electric Power Steering Market: Key Drivers and Segmentation

Market Insights to Drive Recovery from COVID-19

The Global Electric Power Steering Market is projected to grow by 28.87 mn units, accelerating at a CAGR of 7.54% till 2025. This research report delineates the growth drivers that will boost market growth along with a detailed analysis of the market segments, trends and challenges that are likely to impact market growth.


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Electric Power Steering Market: Key Market Drivers

Technavio has identified  Stringent regulations to control emissions as one of the key factors that will drive this market. This research report provides a comprehensive analysis of this and all the other factors that will propel market growth. The report also takes into account the current market scenario, trends, and challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Top Drivers for Electric Power Steering Market Size to Grow by 28.87 mn units During 2021-2025

Electric Power Steering Market: Segment List

This report provides a detailed analysis of the market by Application (Passenger cars and LCVs) and Geography (APAC, Europe, North America, South America, and MEA). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Request our Free Sample Report 

Electric Power Steering Market: Vendor Landscape

The Electric Power Steering Market is fragmented and market growth of the depends on market conditions, government support, and industry development. Our report offers a detailed study of all the factors that can influence growth. DENSO Corp., Hitachi Ltd., Hyundai Mobis Co. Ltd., JTEKT Corp., Mando Corp., Nexteer Automotive Corp., NSK Ltd., Robert Bosch GmbH, thyssenkrupp AG, and ZF Friedrichshafen AG are some of the major market participants. The report also provides insights into the growth prospects of each of these leading players along with their product pipelines.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

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The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of 7.54%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by 28.87 mn units through 2021-2025.
     
  3. What is a key factor driving this market?
    Stringent regulations to control emissions will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    APAC, Europe, North America, South America, and MEA are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    53% growth will originate from APAC
     
  6. Who are the leading market vendors?
    The leading vendors in this market are DENSO Corp., Hitachi Ltd., Hyundai Mobis Co. Ltd., JTEKT Corp., Mando Corp., Nexteer Automotive Corp., NSK Ltd., Robert Bosch GmbH, thyssenkrupp AG, and ZF Friedrichshafen AG
     
  7. What are the market segments covered in this report?
    The market is segmented by Application (Passenger cars and LCVs) and Geography (APAC, Europe, North America, South America, and MEA)
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