Electric Power Steering Global Market Report 2023 Electric Power Steering Global Market Report 2023 – By Type (R-EPS, P-EPS, C-EPS), By Component (Steering Column, Sensors, Steering Gear, Mechanical Rack and Pinion, Electronic Control Unit, Electric Motor, Bearing), By Electric Motor (Brush Motor, Brushless Motor), By Mechanism (Rigid, Collapsible), By Application (Passenger Cars (PC), Commercial Vehicles (CV)) – Market Size, Trends, And Market Forecast 2023-2032  ...(expand)

Electric power steering refers to a mechanical system that uses an electric motor to draw energy from the vehicle's electric system to assist the steering wheel. It is used to provide steering assistance to the driver of a vehicle. For further insights on the electric power steering market, request a sample here

The electric power steering market growth is aided by increasing demand for electric vehicles across the world. For further insights on the electric power steering market, request a sample here

The electric power steering market is expected to reach $35.59 billion in 2027 at a rate of 6.5%. For further insights on the electric power steering market, request a sample here

The global electric power steering market is segmented as
1) By Type: R-EPS, P-EPS, C-EPS
2) By Component: Steering Column, Sensors, Steering Gear, Mechanical Rack and Pinion, Electronic Control Unit, Electric Motor, Bearing
3) By Electric Motor: Brush Motor, Brushless Motor
3) By Mechanism: Rigid, Collapsible
4) By Application: Passenger Cars (PC), Commercial Vehicles (CV)
For further insights on the electric power steering market, request a sample here

Asia-Pacific was the largest region in the electric power steering market in 2022. For detailed insights on the largest region's market size and growth rate, request a sample here.

Key competitors in the electric power steering market are, Robert Bosch GmbH, JTEKT Corporation, Nexteer Automotive Group Limited, ZF Friedrichshafen AG, NSK Steering Systems Pvt. Ltd, Mando Corporation, GKN Ltd, Federal-Mogul Corporation, Hyundai Mobis Co. Ltd., Showa Corporation, Hitachi Astemo Ltd., Mitsubishi Motors Corporation, Denso Corporation, Renesas Electronics, China Automotive System, KYB Corporation. For further insights on the electric power steering market, request a sample here.

Major trends influencing the electric power steering market include product innovations. Major companies operating in the electric power steering market are focused on developing new technological solutions to strengthen their position. For further insights on the electric power steering, request a sample here.

For detailed insights on the major opportunities and strategies in the electric power steering market, request a sample here.

For detailed insights on electric power steering market's relation to the overall economy and other similar markets, request a sample here.

For detailed insights on the mergers and acquisitions in the electric power steering industry, request a sample here.

For detailed insights on the key dynamics influencing the electric power steering market growth and SWOT analysis of the electric power steering industry, request a sample here.