Electric Power Steering Market

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Electric Power Steering MarketMarket size,
Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2023-2028
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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. Variable ratio steering changes the
co-ordination between the drivers actions.
Global economic condition is growing day by day
and disposable income of middle and upper middle
class people.
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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.
• Global Electric power steering market is
  estimated to driven with the help of growth in
  sport and budget segment vehicles. In the other
  hand most of the OEMs are started focusing on
  implementing cost-effectiveness and EPS system in
  commercial vehicles, expected to drive the market
  growth in the long term prospective.

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By Distribution Channel- Segment
Analysis 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. Passenger
car segment is estimated to grow at a CAGR of
6.20 during the forecast period.
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• Electric Power Steering Market Industry Outlook
• Robert Bosch
• Hyundai Mobis
• Delphi Technology
• Thyssenkrupp
• GKN
• Mitsubishi
• Federal Mogul
• NSK

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Electric Power Steering Market - Forecast(2023 -
2028) Learn More About the Report _at_
https//www.industryarc.com/Research/Electric-Powe
r-Steering-Market-Research-501085
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  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
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Reddy Contact (1) 970-236-3677 Email
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Contact (1) 970-236-3677
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