Global Passenger Car Electric Power Steering System (EPS) Market Growth 2024-2030

Global Passenger Car Electric Power Steering System (EPS) Market Growth 2024-2030

Passenger Car Electric Power Steering System (EPS) is a steering system that uses electric motors to assist the driver in turning the steering wheel. Unlike hydraulic power steering systems, which rely on hydraulic fluid and a pump, EPS systems use electrical power to provide assistance. This system is becoming increasingly popular in modern vehicles due to its efficiency, environmental friendliness, and ability to integrate with advanced driver assistance systems

The global Passenger Car Electric Power Steering System (EPS) market size is projected to grow from US$ 4662 million in 2024 to US$ 5637 million in 2030; it is expected to grow at a CAGR of 3.2% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Passenger Car Electric Power Steering System (EPS) Industry Forecast” looks at past sales and reviews total world Passenger Car Electric Power Steering System (EPS) sales in 2023, providing a comprehensive analysis by region and market sector of projected Passenger Car Electric Power Steering System (EPS) sales for 2024 through 2030. With Passenger Car Electric Power Steering System (EPS) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Passenger Car Electric Power Steering System (EPS) industry.

This Insight Report provides a comprehensive analysis of the global Passenger Car Electric Power Steering System (EPS) 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 Passenger Car Electric Power Steering System (EPS) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Passenger Car Electric Power Steering System (EPS) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Passenger Car Electric Power Steering System (EPS) 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 Passenger Car Electric Power Steering System (EPS).

United States market for Passenger Car Electric Power Steering System (EPS) is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

China market for Passenger Car Electric Power Steering System (EPS) is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Europe market for Passenger Car Electric Power Steering System (EPS) is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key Passenger Car Electric Power Steering System (EPS) players cover Bosch, Nexteer Automotive, ZF Friedrichshafen, JTEKT Corporation, Hyundai Mobis, etc. In terms of revenue, the global two largest companies occupied for a share nearly

% in 2023.

This report presents a comprehensive overview, market shares, and growth opportunities of Passenger Car Electric Power Steering System (EPS) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Column-Mounted EPS (CM-EPS)
Dual-Pinion EPS
Others

Segmentation by Application:
Electric Cars
Fuel Cars
Hybrid Cars

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 analysing the company's coverage, product portfolio, its market penetration.
Bosch
Nexteer Automotive
ZF Friedrichshafen
JTEKT Corporation
Hyundai Mobis
Denso
Nidec

Key Questions Addressed in this Report

What is the 10-year outlook for the global Passenger Car Electric Power Steering System (EPS) market?

What factors are driving Passenger Car Electric Power Steering System (EPS) market growth, globally and by region?

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

How do Passenger Car Electric Power Steering System (EPS) market opportunities vary by end market size?

How does Passenger Car Electric Power Steering System (EPS) break out by Type, by Application?

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