Automotive Industry Today

2032 | Navigating the Automotive Electric Power Steering (EPS) Market Future Impact on Global Industry

The global automotive electric power steering (EPS) market size was valued at USD 24 Billion in 2022 and is likely to reach USD 39.19 Billion by 2031, expanding at a CAGR of 5.6% during 2023 – 2031.
Published 21 March 2024

Growth Market Reports, a leading authority in Market analysis, has released an extensive report on the Automotive Electric Power Steering (EPS) Market. Tailored for clients seeking new Market dimensions, in-depth product insights, revenue optimization, and strategic reviews of key players, the report provides a roadmap for Market exploration.

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Market Segments by Automotive Electric Power Steering (EPS)

The automotive electric power steering (EPS) market has been segmented on the basis of

Type

  • Column Electric Power Steering
  • Pinion Electric Power Steering

Vehicle Type

  • Passenger Vehicles
  • Commercial Vehicles

Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • BBB Industries
  • CHINA AUTOMOTIVE SYSTEMS, INC
  • HL Mando Corp
  • Hitachi Astemo Americas, Inc
  • JTEKT Corporation
  • KSR International Inc.
  • NSK Ltd
  • Nexteer
  • Phinia Inc
  • Robert Bosch GmbH
  • thyssenkrupp AG
  • ZF Friedrichshafen AG
  • Zhejiang Shibao Co., Ltd

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Key Highlights from the Automotive Electric Power Steering (EPS) Market Report:

- Performance of Automotive Electric Power Steering (EPS) Market Product Segments

- Automotive Electric Power Steering (EPS) Market Drivers

- Automotive Electric Power Steering (EPS) Market Restraints

- Market Opportunities

- Impact of COVID-19 Pandemic

- Technological Advancements & Innovations

- Regional Landscape

- Competitive Landscape of Automotive Electric Power Steering (EPS) Market

- Top-Winning Strategies Implemented

Growth Market Reports's research team has closely monitored the Market since 2017, covering factors expected to boost Market performance and hinder growth during the forecast period (2024-2032). Challenges faced by key Market players, new entrants, and emerging players have been thoroughly documented.

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Chapter on the Impact of the COVID-19 Pandemic:

The coronavirus pandemic has disrupted Market dynamics, restricting the opening of offices and manufacturing facilities, pushing employees to work from home, and halting the production of goods worldwide. Despite challenges, it has created lucrative opportunities for key players in specific regions.

The COVID-19 chapter of Automotive Electric Power Steering (EPS) Market includes:

- Impact during the Forecast Period

- Strategies Implemented by Industry Players

- Market Trends

- Challenges Faced

- New Market Avenues

- Lucrative Opportunities to Companies

- Impact on the product segment

- Innovation During the Pandemic

- Deployed Government Regulations

Regions Covered in This Study:

- North America

- Asia Pacific

- Europe

- Middle East & Africa

- Latin America

Note: Additional countries can be included in the report at no extra cost.

Segmentation in the Report Covers:

- Product’s Segment Share

- Product’s Trends

- Product Pricing Factors

- Technological Advancements Over the Years

- Raw Materials Used

- Application Segment Share

- End-users of the Product

- Region Segment Share

- New Potential Application of Products

- New Market Opportunities in the Region

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This segmentation offers the esteemed reader a comprehensive regional analysis, assessing the potential worth of investment based on socio-economic development and government regulations & policies.

The report encompasses major players in the market, detailing their product portfolio, strategies, technological advancements, collaborations, partnerships, mergers, agreements, and factors creating opportunities and challenges.

7 Reasons to Buy the Report from Growth Market Reports:

- Porter’s Five Force Analysis for Market Dynamics

- Data and Figures Presented in an Easy-to-Understand Format with Infographics

- Quarterly or Yearly Updates Straight into the Inbox

- Automotive Electric Power Steering (EPS) Report Prepared through Interviews with Market Leaders

- Pre- and Post-Sales Support Ensured

- Fully Customizable Reports Catering to Client Requirements

- Data Collated from Reputable Paid Sources with No Compromise on Information Quality

Table of Contents:

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Automotive Electric Power Steering (EPS) Market Overview

5. Automotive Electric Power Steering (EPS) Market Analysis and Forecast by Segments

6. North America Automotive Electric Power Steering (EPS) Market Analysis and Forecast

7. Latin America Automotive Electric Power Steering (EPS) Market Analysis and Forecast

8. Europe Automotive Electric Power Steering (EPS) Market Analysis and Forecast

9. Asia Pacific Automotive Electric Power Steering (EPS) Market Size and Volume Forecast by Application

10. Middle East & Africa Automotive Electric Power Steering (EPS) Market Analysis and Forecast

11. Competition Landscape

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About Growth Market Reports:

Growth Market Reports excels in creating tailored Market research reports across various industry verticals. With in-depth Market analysis, creative business strategies for new entrants, and insights into the current Market scenario, our reports undergo intensive primary and secondary research, interviews, and consumer surveys.

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