Global Automotive Electric Power Steering Market Growth 2023-2029

Global Automotive Electric Power Steering Market Growth 2023-2029

Electric Power Steering system (EPS) is a Power Steering system that directly relies on the motor to provide auxiliary torque.

LPI (LP Information)' newest research report, the “Automotive Electric Power Steering Industry Forecast” looks at past sales and reviews total world Automotive Electric Power Steering sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Electric Power Steering sales for 2023 through 2029. With Automotive Electric Power Steering sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Electric Power Steering industry.

This Insight Report provides a comprehensive analysis of the global Automotive Electric Power Steering landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Electric Power Steering portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Electric Power Steering market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Electric Power Steering and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Electric Power Steering.

The global Automotive Electric Power Steering market size is projected to grow from US$ 20930 million in 2022 to US$ 25580 million in 2029; it is expected to grow at a CAGR of 25580 from 2023 to 2029.

Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction of brushless motor technology and the development of light weight electric power steering.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Electric Power Steering market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Column Assist EPS
Single-Pinion Assist EPS
Dual-Pinion Assist EPS
Rack Assist EPS

Segmentation by application
Passenger Car
Commercial Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
JTEKToration
Robert Bosch Automotive Steering GmbH
NSK
Nexteer Automotive
ZF TRW Automotive Holdingsoration
Delphi Automotive
China Automotive Systems
Mandooration
Showaoration

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Electric Power Steering market?

What factors are driving Automotive Electric Power Steering market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Electric Power Steering market opportunities vary by end market size?

How does Automotive Electric Power Steering break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.