The Global Electric Power Assisted Steering Market is poised to grow strong during the forecast period 2017 to 2025.
Some of the prominent trends that the market is witnessing include low penetration of electric power steering (EPS) in commercial vehicles and adoption of fuel-efficient technologies.
Based on system component the market categorized into steering moment sensor, steering hoses, steering wheel, power steering control unit, steering column, steering motor, steering angle sensor and steering gear.
By vehicle type the market is bifurcated into light commercial vehicle, sports vehicles, passenger cars, commercial vehicles, agricultural tractors, heavy motor vehicles (HMV) and special utility vehicles and other vehicle types. Special Utility Vehicles is further segmented into earth moving, military vehicles and cranes.
Depending on type the market is segregated into electric powered steering systems, electric powered hydraulic steering (EPHS) and hydraulic power steering (HPS). Electric Powered Steering Systems is further subdivided into rack drive electric power steering, column drive electric power steering, direct drive electric power steering, dual point pinion electric power steering and pinion drive electric power steering.
This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2014, 2015 revenue estimations are presented for 2016 and forecasts from 2017 till 2025. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.
The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data is gathered from extensive primary interviews and secondary research. The market size is calculated based on the revenue generated through sales from all the given segments and sub segments in the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.
This report provides data tables, includes charts and graphs for visual analysis.
Regional Analysis: North America - US
Europe - France
- Rest of Europe
Asia Pacific - China
- New Zealand
- Rest of Asia Pacific
Middle East - Saudi Arabia
- Rest of Middle East
Latin America - Argentina
- Rest of Latin America
Rest of the World - South Africa
Report Highlights: - The report provides a detailed analysis on current and future market trends to identify the investment opportunities
- Market forecasts till 2025, using estimated market values as the base numbers
- Key market trends across the business segments, Regions and Countries
- Key developments and strategies observed in the market
- Market Dynamics such as Drivers, Restraints, Opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2025
- Market opportunities and recommendations for new investments
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120 pages •
By Infiniti Research Limited
• Jan 2021
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