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 2023-2028
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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. Automotive Electro
Hydraulic Steering system has positive features
such as natural smooth feel, fuel efficient
system which uses power from battery rather than
engine.
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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.
• APAC is expected to show growth during the
  estimated period. India and China are the major
  markets for the automobiles production as well as
  the consumption. Rising demand for vehicle will
  impact in rising demand for electro-hydraulic
  power steering.

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By Distribution Channel- 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 Industry Outlook
• 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/Researc
h/Automotive-Electro-hydraulic-Power-Steering-Mark
et-Research-509058
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• Analyst Briefing
• Data Tables
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• Free Customization
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Reddy Contact (1) 970-236-3677 Email
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