According to the Market Statsville Group (MSG), the global Electric Power Steering Market size is expected to grow from USD 24.5 million in 2021 to USD 39.6 million by 2030, at a CAGR of 5.5% from 2022 to 2030Below information is analyzed in depth in the report-
Global Electric Power Steering Market Revenue, 2018-2023, 2024-2033, (US$ Millions)
Global Electric Power Steering Market Sales Volume, 2018-2023, 2024-2033, (Units)
Share of the top five Electric Power Steering companies in 2023 (%)
Market Growth Mapping
Qualitative and quantitative methodologies were utilized in the process of market growth mapping. The report offers an extensive examination of market dynamics, including a thorough assessment of the primary factors that drive market expansion, challenges encountered by industry participants, and forthcoming trends that indicate recent development. Prospects for investment and expansion are discerned via a comprehensive SWOT analysis, which evaluates the market’s strengths, weakness, opportunities, and threats. The PESTEL analysis, which investigates the technological, environmental, political, economic, and social factors that influence the industry, provides additional depth of analysis. Furthermore, the report incorporates an analysis of PORTER'S 5 forces, which provides valuable perspectives on the sector's profitability and competitive intensity. Moreover, the report covers regulatory landscape, COVID-19 impact analysis, customer sentiment and behavior, trade analysis, supply-demand analysis, and the influence of government policies and other macroeconomic factors.
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Electric Power Steering Market Segmentation:
This study offers a thorough segmentation of the Electric Power Steering market based on an in-depth examination of the product portfolios and customers of key regional and global market players. By means of a comprehensive examination, we offer detailed perspectives on market segmentation, assisting stakeholders in comprehending the diverse aspects and variables that impact the Electric Power Steering market.
By Type (Revenue, USD Million, 2017-2030)
Rack Assist Type (REPS)
Colum Assist Type (CEPS)
Pinion Assist Type (PEPS)
By Component (Revenue, USD Million, 2017-2030)
Steering column
Sensors
Steering gear
Mechanical rack and pinion
Electronic control unit
Electric motor
Bearing
By Electric Motor (Revenue, USD Million, 2017-2030)
Brush motor
Brushless motor
By Application (Revenue, USD Million, 2017-2030)
Passenger Cars (PC)
Commercial Vehicles (CV)
By Electric Vehicle (Revenue, USD Million, 2017-2030)
BEV
PHEV
FCEV
By EV Gear Type (Revenue, USD Million, 2017-2030)
Worm Gear
Ball Screw
By Mechanism (Revenue, USD Million, 2017-2030)
Rigid
Collapsible
By Off-Highway Application (Revenue, USD Million, 2017-2030)
Construction equipment
Agricultural equipment
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The key companies covered in the market report are:
· JTEKT Corporation
NSK
Nexteer
Robert Bosch GmbH
ZF Friedrichshafen AG
Delphi Technologies
Mitsubishi Electric Corporation
DENSO CORPORATION
Mando Corp
Global Steering