Global Electric Power Steering System (EPS) Market Report, History and Forecast 2017-2028

Global Electric Power Steering System (EPS) Market Report, History and Forecast 2017-2028

Summary

Market Analysis and Insights: Global Electric Power Steering System (EPS) Market
Due to the COVID-19 pandemic, the global Electric Power Steering System (EPS) market was valued at US$ 17,398.4 million in 2021 and will reach US$ 22,257.2 million by the end of 2028, growing at a CAGR of 3.09% during 2022-2028.
The global main manufacturers of Electric Power Steering System (EPS) include JTEKT, Bosch, Nexteer, ZF, NSK, Hitachi Astemo (Showa), Hyundai Mobis, Thyssenkrupp, and Mando, etc. In 2021, the global six largest players have a share approximately 85.7% in terms of revenue.
The North America Electric Power Steering System (EPS) market is estimated at US$ 3,892 million in 2021, while China is forecast to reach US$ 6,687 million by 2028.
C-EPS accounting for 47% of the Electric Power Steering System (EPS) global market in 2021, is projected to value US$ 4376.4 million by 2028, growing at a revised 1.33% CAGR in the post-COVID-19 period.
Global Electric Power Steering System (EPS) Scope and Market Size
The global Electric Power Steering System (EPS) market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Electric Power Steering System (EPS) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2017-2028.

By Company
JTEKT
Bosch
Nexteer
ZF
NSK
Hitachi Astemo (Showa)
Hyundai Mobis
Thyssenkrupp
Mando
CAAS

Segment by Type
C-EPS
P-EPS
R-EPS
DP-EPS

Segment by Application
Passenger Vehicle
Commercial Vehicle

By Region
North America
U.S.
Canada
Mexico
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Europe
Germany
France
U.K.
Italy
Russia
South America
Brazil
Argentina
Middle East & Africa
Turkey
Iran
South Africa