Electric Power Steering (EPS) Market 2024: Trends, Innovations, and Growth Forecast

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The Global Electric Power Steering System (EPS) Market Size is Anticipated to Exceed USD 39.6 Billion by 2033, Growing at a CAGR of 5.22% from 2023 to 2033.

Comprehensive historical analysis of Global Electric Power Steering System (EPS) Market for has thoroughly analyzed in this report. It offers data and insights from 2019-2022, and provides extensive market forecasts from 2023-2032 by region/country and subsectors. It covers the price, sales volume, revenue, historical growth, gross margin, and future outlooks for the Electric Power Steering System (EPS) market.

The Global Electric Power Steering System (EPS) Market Size is Anticipated to Exceed USD 39.6 Billion by 2033, Growing at a CAGR of 5.22% from 2023 to 2033.

The report includes growth prospects in the Global Electric Power Steering System (EPS) Market by type, application, sub segement and region and QMI has compiled a comprehensive detailed research report to offer insights. The report details consumption in the Automotive & Transportation and other sectors. Regional coverage spans North America, Europe, and rest of the world including Asia Pacific.

Leading players of Electric Power Steering System (EPS) including:

  • JTEKT Corporation
  • SHOWA Corporation
  • Thyssenkrupp Presta AG
  • Mando Corporation
  • Hyundai Mobis
  • Zhuzhou Elite Electro-Mechanical Co. Ltd.
  • Robert Bosch Automotive Steering GmbH
  • Mitsubishi Electric Corporation
  • ZF Friedrichshafen Group
  • Nexteer Automotive
  • NSK Global

Others

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Market split by Segement, can be divided into:

By Type

  • Column Assist Type (C-EPS)
  • Pinion Assist Type (P-EPS)
  • Rack Assist Type (R-EPS)

 

By Component

  • Steering Gear
  • Electric Motor
  • Electronic Control Unit (ECU)
  • Sensors
  • Steering Column
  • Others

Market segment by Region/Country including:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

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In January 2023, The GWS 800 Professional is a new angle grinder that Bosch Power Tools India, a significant supplier of power tools for the metalworking, woodworking, and construction sectors, has introduced to their impressive line-up. Also, by 2023, Bosch Power Tools will have 55% of its products localized in India due to this launch.

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Whats covered in the report?

  • 1. Overview of the Electric Power Steering System (EPS) market.
  • 2. The current and forecasted regional (North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa) market size data for the Electric Power Steering System (EPS) market, based on segement.
  • 3. Electric Power Steering System (EPS) Market trends.
  • 4. Electric Power Steering System (EPS) Market drivers.
  • 5. Analysis of major company profiles.

Reasons to buy this Market Report:


1. Save time carrying out entry-level research by identifying the size, growth, and leading players in the emerging Electric Power Steering System (EPS) market.
2. Use the SWOT analysis to determine the competitive intensity and therefore attractiveness of the emerging Electric Power Steering System (EPS) Industry.
3. Leading company profiles reveal details of key Electric Power Steering System (EPS) market players emerging five operations and financial performance.
4. Add weight to presentations and pitches by understanding the future growth prospects of the emerging Electric Power Steering System (EPS) market with five year historical forecasts.
5. Compares data from North America, South America, Asia Pacific Europe and Middle East Africa, alongside individual chapters on each region.
6. Extensive information on factors that will amplify the growth of the Electric Power Steering System (EPS) market over the upcoming seven years
7. Accurate estimation of the global Electric Power Steering System (EPS) market size
8. Exact estimations of the upcoming trends and changes observed in the consumer behavior
9. Growth of the global Electric Power Steering System (EPS) market across the North & South America, EMEA, Asia Pacific, and Latin America
10. Information about Electric Power Steering System (EPS) market growth potential
11. In-depth analysis of the industry’s competitive landscape and detailed information vis-a-vis on various vendors
12. Furnishing of detailed information on the factors that will restrain the growth of the Electric Power Steering System (EPS) market

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