Global Passenger Vehicle EPS Market Growth 2023-2029

Global Passenger Vehicle EPS Market Growth 2023-2029

The electric power steering is a power steering system that directly relies on the motor to provide auxiliary torque. It is mainly composed of a torque sensor, a vehicle speed sensor, a motor, a reduction mechanism, and an electronic control unit (ECU).

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

This Insight Report provides a comprehensive analysis of the global Passenger Vehicle 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 Vehicle EPS portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Passenger Vehicle EPS market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Passenger Vehicle 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 Vehicle EPS.

The global Passenger Vehicle EPS market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Passenger Vehicle EPS is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Passenger Vehicle EPS is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Passenger Vehicle EPS is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Passenger Vehicle EPS players cover JTEKT, Bosch, NSK, Nexteer, ZF, Mobis, Showa, Thyssenkrupp and Mando, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Passenger Vehicle EPS 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
Sedan & Hatchback
SUV
Other

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
NSK
Nexteer
ZF
Mobis
Showa
Thyssenkrupp
Mando

Key Questions Addressed in this Report

What is the 10-year outlook for the global Passenger Vehicle EPS market?

What factors are driving Passenger Vehicle EPS market growth, globally and by region?

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

How do Passenger Vehicle EPS market opportunities vary by end market size?

How does Passenger Vehicle EPS 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.