Exactitude Consultancy has recently released the report Electric Power Steering Market 2024-2030, aiming to enhance company insights and strategic effectiveness. This report comprehensively reviews historical progress, current market conditions, and future potential. The Electric Power Steering Market delivers precise information regarding products, strategies, and market shares.  The report includes key components such as leading players, market analysis, size, industry status, SWOT analysis, and prevailing market trends. It provides a thorough overview of the competitive landscape in the global market. Additionally, the research forecasts the global Electric Power Steering market's size and value over the forecast period, offering extensive qualitative and quantitative data on the impact of these factors on the market's future growth prospects.

The global Electric Power Steering Market size is USD 23.10 Billion in 2023 and is expected to grow till USD 39.15 Billion by 2029, at a Compounded annual growth rate (CAGR) of 6.25%.

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The report enables you to:

• Formulate significant competitor information, analysis, and insights to improve R&D strategies
• Identify emerging players with potentially strong product portfolios and create effective counter strategies to gain a competitive advantage
• Identify and understand important and diverse types of Electric Power Steering under development
• Develop market-entry and market-expansion strategies
• Plan mergers and acquisitions effectively by identifying major players with the most promising pipeline
• In-depth analysis of the product's current stage of development, territory, and estimated promotion date

Top Companies in the Global Electric Power Steering Market:

JTEKT (Japan), Nexteer (US), Robert Bosch (Germany), ZF (Germany), and NSK (Japan).

Market Segmentation:

 Electric Power Steering Market by Components, 2020-2029, (USD Millions)

Steering Column

Sensors

Steering Gear

Mechanical Rack and Pinion

Electronic Control Unit

Electric Motor

Bearing

Electric Power Steering Market by Electric Motor, 2020-2029, (USD Millions)

Brush Motor

Brushless Motor

Electric Power Steering Market by Application, 2020-2029, (USD Millions)

Passenger Cars (PC)

Commercial Vehicles (CV)

Electric Power Steering Market by Highway Application, 2020-2029, (USD Millions)

Construction Equipment

Agricultural Equipment

Electric Power Steering Market by Electric Vehicle, 2020-2029, (USD Millions)

BEV

PHEV

FCEV

Electric Power Steering Market by EV Gear Type, 2020-2029, (USD Millions)

Worm Gear

Ball Screw

Electric Power Steering Market by Type, 2020-2029, (USD Millions)

Rack Assist Type (REPS)

Colum Assist Type (CEPS)

Pinion Assist Type (PEPS)

Electric Power Steering Market by Mechanism, 2020-2029, (USD Millions)

Rigid

Collapsible

Regions are covered by the Electric Power Steering Market Report 2024 to 2030

North America (United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.) 

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Geographical markets are of great importance for investors since a detailed report offers core areas to identify potential prospects. Strategic initiatives under regional analysis display mergers, acquisitions, collaborations, and joint ventures between key players.

Innovation has been the driving force for these players and in the mode of business expansion, players are now leaping and investing in other ventures for mutual profits. Chapter-wise segmentation and data analysis are ensured for every region.

Historical Years: 2018-2022

Base Year: 2023

Forecast Period: 2024-2030

Get a free sample PDF copy of the latest research on the Market in 2024 before the purchase@

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The report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Electric Power Steering Market.

Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.

Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.

Market Development: Complete information about evolving markets. This report analyzes the market for various segments across geographies.

Market Diversification: In-depth information about new products, untapped geographies, recent developments, and investments in the Electric Power Steering Market.

What is offered by reports:

- Full in-depth analysis of the parent market

- Important changes in market dynamics

- Segmentation details of the market

- Former, ongoing, and expected market analysis in terms of volume and value

- Assessment of niche industry developments

-Market share analysis

-Key strategies of major players

-Emerging segments and regional markets

-References to companies to support their purchase in the market.

Strategic Points Covered in Table of Contents of Electric Power Steering Market:

Chapter 1: Report Business Overview

Chapter 2: Global Growth Trends

Chapter 3: Competition Landscape by Key Players

Chapter 4: Electric Power Steering Market Breakdown Data by Type 2024-2030

Chapter 5: Electric Power Steering Market Breakdown Data by Application 2024-2030

Chapter 6: North America Market Analysis

Chapter 7: Europe Market Analysis

Chapter 8: Asia-Pacific Market Analysis

Chapter 9: Latin America Market Analysis

Chapter 10: Middle East and Africa Market Analysis

Chapter 11: Key Players Profiles

Chapter 12: Analyst’s Viewpoints/Conclusions

Chapter 13: Appendix

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Thanks for reading this article...!! you can also customize this report to get select chapters or region-wise coverage with regions such as Asia, North America, and Europe.

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