According to Market Study Report, Electric Power Steering Market provides a comprehensive analysis of the Electric Power Steering Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry.
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The Global Electric Power Steering Market is estimated to be USD 25.83 Billion in 2017 and is projected to reach USD 42.01 Billion by 2025, at a CAGR of 6.27% during the forecast period. This report spread across 187 Pages, Profiling 12 Companies and Supported with 128 Tables and 78 figures are now available in this research.
Top Key Players Profiled in the Electric Power Steering Market:
- Robert Bosch (Germany)
- Delphi (UK)
- Mitsubishi Electric (Japan)
- JTEKT (Japan)
- Nexteer (US)
- ZF TRW (Germany)
- ThyssenKrupp (Germany)
- NSK (Japan)
- Showa (Japan)
- Hyundai Mobis (South Korea)
- GKN (UK)
- Federal-Mogul (US)
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The electric power steering market for hybrid electric vehicles (HEV)is estimated to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the engine structure of the vehicle, which combines a conventional internal combustion engine (ICE) system with an electric propulsion system.
The electric power steering market for Asia Pacific is estimated to grow at the highest CAGR during the forecast period. High volume marketswith increased demand for electronic and fuel efficient systemsin passenger cars maket Asia Pacific the largest and fastest growing market for electric power steering.
Breakdown of primary participants’ profile:
- By Company Type – Tier 1 – 50%, Tier 2 – 33%, Others – 17%
- By Designation – C level – 45%, D level – 35%, Others – 20%
- By Region – Europe – 45%, Asia Pacific – 20%,North America – 22%, Rest of the World- 13%