Electronic Power Steering Market

Large use of electrical and electronic components are being used in the vehicles which is leading to the growth of the electric power steering motor market. Global Electronic Power Steering Market by Type Column Assist EPS Single-Pinion Assist EPS Dual-Pinion Assist EPS Rack Assist EPS By Application Commercial Vehicles Passenger Cars And By Region North America Latin America Europe Asia Pacific and Middle East Africa Forecast To 2028.

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The global Electronic Power Steering market size is estimated at xxx million USD with a CAGR xx from 2016-2020 and is expected to reach xxx Million USD in 2021 with a CAGR xx from 2021 to 2026.

Electronic power steering market. In 2019 the C-EPS segment accounted for the largest market share of 4682 with a market value of USD 109109 Million. The Global Electric Power Steering Market size is expected to grow at an annual average of 543 during 2021-2027. The global automotive electronic power steering market was valued at US 2734 Billion in 2019 and is predictable to reach over US 4860 Billion by 2026 growing at a CAGR of around 88 during the forecast period from 2020 -2026.

Based on Type the global market has been segmented into C-EPS R-EPS and P-EPS. Electric power steering EPS operates on an electric motor that is attached to the steering rack via gear mechanism for driving a vehicle instead of hydraulic power steering HPS systems where a pump is used. Electric Power Steering Market was valued at USD 2205 Billion in 2018 and is projected to reach USD 3810 Billion by 2026 growing at a CAGR of 722 from 2019 to 2026.

Electronic Power Steering EPS Market was valued at US 5269231 Mn in 2019 million in 2019 and is projected to reach US 5493316 million by 2027 with a CAGR of 36 from 2020 to 2027 segmented into Type Application. The global electronic power steering market is segmented by steering type into column assisted electronic power steering C-EPS pinion assisted ele Wednesday 11 August 2021 0928 GMT عربي. Electric Power Steering Market was valued at USD 2205 Billion in 2018 and is projected to reach USD 3810 Billion by 2026 growing at a CAGR of 722 from 2019 to 2026.

The Global Electric Power Steering Market report provides a holistic evaluation of the Market for the forecast period 20192026. For More Information click on the link below-Global Automotive Electric Power Steering Market Research Report. The global electronic power steering EPS or electric power assisted steering EPAS market is segmented into 5 key regions namely North America Latin America Middle East Africa Asia-Pacific and Europe.

The electric power steering market is primarily driven by factors such as the growing demand for autonomous vehicles and the demand for a green environment. 17 2021 GLOBE NEWSWIRE -- The Global Electric Power Steering Market By Type C-EPS P-EPS and R-EPS By Component Steering Column Steering Wheel Sensors Electronic Control. Increasing global population and an increase in the publics per capita income is stimulating a high demand for well-equipped cars.

Growing adoption from hydraulic steering assist system to an electric power assist steering system that proven to be a more precise and effortless guidance system. The automotive electric power steering EPS market was valued at USD 1896 billion in 2020 and it is expected to reach USD 27 billion by 2026 and is anticipated to register a CAGR of 626 during the forecast period 2021 - 2026. The global electric power steering EPS market is expected to witness considerable growth during the forecast period 20202030 on account of the rising safety and emission concerns and need for improving fuel efficiency coupled with the stringent government regulations regarding the introduction of advanced driver assistance systems ADAS.

Dublin Feb. 189307 3300 Automobile Transportation 377 235 Pages. ELECTRIC POWER STEERING MARKET.

The report begins from overview of Industry Chain structure and describes industry environment then analyses market size and forecast of Electronic Power Steering by product region and application. Electric Power Steering EPS Market Overview. In addition increasing investment in research and development of new technologies is expected to penetrate market growth.

Global Electric Power Steering System Market has been segmented based on type Mechanism and Vehicle Type. The Global Electric Power Steering Market is projected to reach around USD 425 billion by 2027 at a CAGR of around 62. Electric Power Steering Market Size And Forecast.

The Asia Pacific excluding Japan region is pegged to emerge as a lucrative market for electric power steering motors owing to the increasing automotive production in countries such as China India and ASEAN. Electric Power Steering Market Size And Forecast. Increasing the adoption of electric power steering is expected to boost the.

Related Reports-Global Automotive Electric Power. The Japan electric power steering motors market is expected to grow at a rapid pace among other regions owing to the high penetration of electronic power steering systems. Asia-Pacific is expected to attain high growth rate because of large production of automobiles in this region.

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