Global Electric Power Steering Market size was valued at USD 27.37 Bn. in 2023 and the total Electric Power Steering revenue is expected to grow by 5.7 % from 2024 to 2030, reaching nearly USD 40.35 Bn.
Global Electric Power Steering Market Dynamics:
Systems with electric power steering (EPS) are known to be lightweight, energy-efficient, and conducive to safe driving. Electric Power Steering manufacturers are overcoming operational problems with these systems, such as model uncertainty and outside influence. To improve the ergonomics of EPS, firms in the automobile electric power steering industry are thus expected to collaborate with academics and researchers who provide advice on a variety of control theories. The flexible PID (Proportional-Integral-Derivative) control approach, which offers real-time tracking capability, is garnering substantial research support from companies in the vehicle electric power steering sector. The PID control approach is regarded as the industry standard for enhancing steering stability and sensitivity. Due to the real-time adjustability of PID parameters in response to the operational environment, the reaction capabilities of EPS systems more fast and accurate.
Global Electric Power Steering Market Report Overview:
Maximize Market Research has issued papers to help clients understand the landscape of the Global Electric Power Steering Market in which they compete. The research provides market insights to help clients understand future demand for their product and the Artichokes’s competitiveness. The Artichokes market overview provides detailed information on the market’s size, trade data, key players, and several market metrics such as life cycle, trends, and so on.
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Global Electric Power Steering Market Regional Insights:
The report is segmented into several key countries, with market size, growth rate, import and export of EV Connectors market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.
Global Electric Power Steering Market Segmentations:
by Type
Rack assist type (REPS)
Colum assist type (CEPS)
Pinion assist type (PEPS)
by Mechanism
Rigid
Collapsible
by Application
Passenger Cars (PC)
Commercial Vehicles (CV)
by Components
Steering column
Sensors
Steering gear
Mechanical rack and pinion
Electronic control unit
Electric motor
Bearing
by Electric Motor
Brush motor
Brushless motor
Table of Content: Global Electric Power Steering Market :
Part 01: Executive Summary
Part 02: Scope of the Global Electric Power Steering Market Report
Part 03: Global Electric Power Steering Market Landscape
Part 04: Global Electric Power Steering Market Sizing
Part 05: Global Electric Power Steering Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Global Electric Power Steering Market Key Players:
1. JTEKT Corporation (Japan)
2. DENSO Corporation (Japan)
3. Mitsubishi Electric Corporation (Japan)
4. NSK Ltd. (Japan)
5. Nissan Motor Corporation (Japan)
6. Hitachi Automotive Systems (Japan)
7. Renesas Electronics (Japan)
8. ZF Friedrichshafen AG (Germany)
9. Thyssenkrupp (Germany)
10. Robert Bosch GmbH (Germany)
11. TRIDEC (Germany)
12. Infineon Technologies (Germany)
13. GKN Automotive Limited (UK)
14. Delphi Technologies (UK)
15. China Automotive Systems, Inc. (China)
16. Zhejiang Shibao Company Limited (China)
17. Hyundai Mobis (South Korea)
18. Mando Corp. (South Korea)
19. Global Steering Systems (US)
20. Tenneco (US)
21. Nexteer Automotive (US)
22. Maval Industries LLC (US)
23. Danfoss (Denmark)
24. STMicroelectronics (Switzerland)
Key questions answered in the Global Electric Power Steering Market are:
- What are the Global Electric Power Steering Market segments?
- Which Artichokes market segment is expected to grow rapidly during the forecast period?
- What is the expected CAGR of the Artichokes market during the forecast period?
- Who are the top players in the Artichokes industry?
- Which region is expected to grow at a high CAGR during the forecast period?
- Which region held the largest Artichokes market share in 2024?
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Key Offerings:
- Market Overview
- Market Share
- Market Size
- Forecast by Revenue | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments, sub-segments and region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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