Global Automotive Electronic Power Steering Market Growth 2023-2029

Global Automotive Electronic Power Steering Market Growth 2023-2029

Automotive Electronic Power Steering is a very popular steering system, a power steering system that directly relies on the motor to provide auxiliary torque; Currently, most of the vehicle are installed the electronic power steering system, and the electronic power steering system can reduce about 5% fuel consumption.
LPI (LP Information)' newest research report, the “Automotive Electronic Power Steering Industry Forecast” looks at past sales and reviews total world Automotive Electronic Power Steering sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Electronic Power Steering sales for 2023 through 2029. With Automotive Electronic 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 Electronic Power Steering industry.
This Insight Report provides a comprehensive analysis of the global Automotive Electronic 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 Electronic 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 Electronic Power Steering market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Electronic 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 Electronic Power Steering.
The global Automotive Electronic Power Steering market size is projected to grow from US$ 28300 million in 2022 to US$ 44690 million in 2029; it is expected to grow at a CAGR of 44690 from 2023 to 2029.
The major players in global Automotive Electronic Power Steering market include JTEKT, Bosch, Nexteer Automobile, etc. The top 3 players hold about 60% of global market shares. North America and Europe are main markets, they occupy about 50% of the global market. C-EPS is the main type, with a share over 50%. Passenger Vehicle is the key application, which hold over 90% shares.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Electronic Power Steering market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
C-EPS
P-EPS
R-EPS
Segmentation by application
Passenger Vehicle
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.
JTEKT
Bosch
Nexteer Automobile
ZF
NSK
Mobis
Showa
Thyssenkrupp
Mando
CAAS
Key Questions Addressed in this Report
What is the 10-year outlook for the global Automotive Electronic Power Steering market?
What factors are driving Automotive Electronic Power Steering market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Automotive Electronic Power Steering market opportunities vary by end market size?
How does Automotive Electronic 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.