Electric Power Steering Market - Forecast(2022 - 2027) - PowerPoint PPT Presentation

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Electric Power Steering Market - Forecast(2022 - 2027)

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Global Electric Power Steering Market is estimated to reach $41.9 billion by 2026, forecast to grow at a CAGR of 5.2% during 2021-2026. – PowerPoint PPT presentation

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Title: Electric Power Steering Market - Forecast(2022 - 2027)


1
Electric Power Steering MarketMarket size,
Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2022-2027
Contact Venkat Reddy sales_at_industryarc.com
(1) 970-236-3677
2
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  • Global Electric Power Steering Market is
    estimated to reach 41.9 billion by 2026,
    forecast to grow at a CAGR of 5.2 during
    2021-2026.
  •  Increasing adoption of Electric Power Steering
    in passenger car as well as commercial vehicles
    is one of the major driving factor that is
    expected to drive the automotive Electric Power
    Steering market during the forecast period.
  •  Increase in the vehicle production, the electric
    power steering market is getting momentum year on
    year.

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3
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  • Key Takeaways
  • Asia-Pacific region is estimated to drive the
    electric power steering market growth during the
    forecast period from 2020 to 2025, owing to the
    growth of vehicle production, favorable
    government regulation, vehicle emission, electric
    vehicle penetration, growing disposable income
    and among other factors.
  • Some of the advantages offered by the electric
    power steering system offers better fuel
    efficiency, there is no assistance require to
    operate the power steering system manually.

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4
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Market Segment Analysis - By Vehicle Type By
Vehicle type Electric Power Steering segment is
classified in to two different segment such as
Passenger Car and Commercial Vehicle. Passenger
Vehicles dominated the market with a share of 73
in 2020. The increasing adoption of passenger car
across the globe is estimated to drive the market
for a long term basis. In the current situation,
30 of the passenger cars are running and
integrated with EPS technology worldwide, and
this technology is likely to be implemented in
the budget passenger car as well during the
forecast period.  
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5
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  •  Electric Power Steering Market Industry Outlook 
  • Robert Bosch
  • Hyundai Mobis
  • Delphi Technology
  • Thyssenkrupp
  • GKN
  • Mitsubish
  • Federal Mogul
  • NSK
  • Electric

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6
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Electric Power Steering Market - Forecast(2022 -
2027) Learn More About the Report
_at_ https//www.industryarc.com/Research/Electric-P
ower-Steering-Market-Research-501085
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7
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  • You Can Customize the Report as Per Your Need.
    We have included Some Customization Options
  • Company Profile
  • Analyst Briefing
  • Data Tables
  • Key Contacts
  • Free Customization
  • Purchase Full Report _at_ https//www.industryarc.com
    /purchasereport.php?id505719

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8
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For More Details Contact Venkat
Reddy Contact (1) 970-236-3677 Email
sales_at_industryarc.com Connect with us on LinkedIn
_at_ http//www.linkedin.com/company/industryarc
Contact (1) 970-236-3677
Inquiry Before Buying
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