Automotive Electro-hydraulic Power Steering Market

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Automotive Electro-hydraulic Power Steering
MarketMarket size, Industry outlook, Market
Forecast, Demand Analysis, Market Share, Market
Report 2022-2027
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• The global Automotive Electro-Hydraulic Power
  Steering Market is estimated to surpass 22.6
  billion mark by 2026 growing at an estimated CAGR
  of more than 5.8 during the forecast period 2021
  to 2026.
• The market growth is mainly driven by the factors
  including increasing penetration of 48V
  architecture in latest vehicles, deployment of
  electronic control units and advancement in
  steer-by-wire systems.

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• Key Takeaways
• Growth of Commercial vehicles is expected during
  the forecast period as Electro-Hydraulic Power
  Steering offers higher fuel saving compared to
  the conventional steering which reciprocates with
  cost benefits for the commercial vehicle owners. 
• The heavier vehicles which are difficult to
  handle are introduced in the market and to reduce
  the manual effort, power steering or power
  assisted steering were introduced. This has
  increased the growth of the market.

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Automotive Electro-Hydraulic Power Steering
Market Segment Analysis  The application segment
is segmented into Commercial Vehicle and
Passenger Vehicles. The passenger vehicle is
expected to grow at 7.1 CAGR through 2026 due to
increased demand for sedans, luxury sedans, and
mid-range vehicles that have robust steering
systems to ensure seamless drivability.
 Commercial Vehicle market is also expected to
grow at a fast pace as electro-Hydraulic power
steering saves more fuel compare to hydraulic
power steering.
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• Automotive Electro- Hydraulic Power Steering
  Market Landscape
• Nexteer Automotive Group Ltd,
• NSK Ltd,
• JTEKT Corporation,
• ZF Friedrichshafen AG,
• Robert Bosch GmbH
•  

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Automotive Electro-hydraulic Power Steering
Market -Forecast 2021-2026 Learn More About the
Report _at_ https//www.industryarc.com/Research/Au
tomotive-Electro-hydraulic-Power-Steering-Market-R
esearch-509058
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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?id509058

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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
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Contact (1) 970-236-3677
Inquiry Before Buying
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