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Electronic Power Steering Market Study by Key Manufacturers, Regions, Type and Application to 2025

The electronic power steering market is anticipated to grow at a significant CAGR in the years to come, owing to the logistic and fuel efficiency it offers as well as its major application in all automobiles.

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Electronic Power Steering Market Study by Key Manufacturers, Regions, Type and Application to 2025

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  1. Electronic Power Steering Market Study by Key Manufacturers, Regions, Type and Application to 2025 “Asia Pacific electronic power steering market is anticipated to account for fastest growth over the forecast period primarily due to the emerging automotive hubs and increasing application in automobiles for safety & security.” The electronic power steering market is anticipated to grow at a significant CAGR in the years to come, owing to the logistic and fuel efficiency it offers as well as its major application in all automobiles. Power steering systems supplement the torque that the driver applies to the steering wheel. EPS system manages the assistance at certain speed such as less assistance at higher speeds and more assistance at lower vehicle speed, which helps in eliminating many HPS components such as drive belt, hoses, pump, fluid and pulley. Eps enhances the efficiency of the car by reducing the fuel consumption due to low energy utilization in electric power steering system. Dissimilar from a hydraulic power steering system, the EPS incessantly helps in driving a hydraulic pump. EPS system powers the motor when required, which is also among one of the efficiency advantages of an EPS system. This results in reduced vehicle fuel consumption. The fastest application segment of APS has been observed in larger sedans and light trucks. The market can be segmented based on components such as Steering wheel, column (motor), torque sensor, ECU and steering gear. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/electronic-power-steering-market

  2. Electric power steering system has evolved and surpassed the hydraulic steering owing to the various long term benefits it offers. EPS requires less maintenance and is less in weight as well as is durable, which helps in getting better response at different speeds and hence a smooth driving experience. Power Steering is especially crucial for the cars that have engine in front and there is a lot of weight on the front wheels. Europe and Japan are the main regions where EPS is used extensively. China is the largest market of EPS. Key players of the electronic power steering market include Robert Bosch GmbH, Delphi Automotive systems, Hyundai Mobis Co., Ltd., Hitachi Automotive systems, JTEKT Corporation, Infineon Technologies & TRW Automotive. The aforementioned market players through continuous R&D endeavors focuses on building a wide distribution network that supports the overall coupling market to report significant growth over the forecast period. Companies through strategic expansions & mergers & acquisitions have been trying to cater large volume of customers with steel couplings that are cost-effective and high quality. The global electronic power steering market is highly competitive owing to the presence of several domestic and international suppliers. However, the industry has the presence of numerous new vendors, which face difficulty to compete with international companies in terms of functionalities, features, quality, and services. Over the forecast period, the growing new product development activities coupled with increasing adoption of new technologies for achieving operational efficiency has enabled the competition to anticipate becoming more aggressive. Automobile manufacturers have been concentrating on making more reliable steering systems which are highly fuel efficient as well as durable, such as EPHS, EPAS and EHPS. On a contrary, few major players through continuous R&D endeavors coupled with growing expertise knowledge in the electronic power steering market has enabled the them to witness competitive edge, thus propelling the overall growth of steel coupling sector over the next eight years. Request Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/electronic-power-steering-market/request-sample Asia Pacific electronic power steering market is anticipated to account for fastest growth over the forecast period primarily due to the emerging automotive hubs and increasing application in automobiles for safety & security. India, China, and Japan are anticipated to witness the highest share in the region majorly owing to the rising disposable income, foreign investments in automobile industries and growing government initiatives in automobile sector. This report covers each aspect of the global electronic power steering market, beginning from the basic market information and progressing further to several significant criteria, based on which, the sector is segmented. Key application areas of the electronic power steering market are also evaluated on the basis of their performance. Market Segment: Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Electronic Power Steering in these regions, from 2013 to 2025 (forecast), covering

  3. • United States • EU • China • Japan • South Korea • India See More Reports of This Category by Million Insights @ https://www.millioninsights.com/industry/automotive-and-parts Global Electronic Power Steering market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including • ZF Friedrichshafen • Nexteer Automotive • NSK Ltd. • TRW Automotive (ZF Group) • JTEKT Corp. • Robert Bosch GmbH • Mobis • Thyssenkrupp • Bosch • Thyssenkrupp • Mando

  4. • CAAS • Sona Koyo On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into • MS • HPS • EPS • EHPS On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including • Passenger Vehicles • Commercial Vehicles Browse Full Research Report @ https://www.millioninsights.com/industry-reports/electronic-power-steering-market

  5. Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Global Headquarters Asia Pacific Million Insights Million Insights Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 1-408-610-2300 Email: sales@millioninsights.com Phone: 91-20-65300184 Email: sales@millioninsights.com Visit Our Blog: www.millioninsights.blogspot.com

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