Report Highlights
Electric Power Steering Market Size And Forecast
According to Verified Market Research, The Global Electric Power Steering Market was valued at USD 22.05 Billion in 2018 and is projected to reach USD 38.10 Billion by 2026, growing at a CAGR of 7.22% from 2019 to 2026.
Global Electric Power Steering Market Outlook
Increasing global population and an increase in the public’s per capita income is stimulating a high demand for well-equipped cars. This, in turn, is resulting in the speedy growth of the Global Electric Power Steering Market. In addition to this, pressure on car manufacturers around the world has been increasing to adopt technological solutions that meet energy efficiency standards which are anticipated to further boost the Global Electric Power Steering in the forecast period. Moreover, the continuous growth in the automotive sector in fast-developing economies like Asia and Latin America is further pushing the growth of the market.
Global Electric Power Steering Market, Segment Analysis
The Global Electric power steering Market is segmented on the basis of Type, Component, Electric Motor Type, Mechanism, Vehicle Type and Geography.
Global Electric Power Steering Market Competitive Landscape
The “Global Electric Power Steering Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Delphi, Federal-Mogul, GKN, Hyundai Mobis, Jtekt, Mitsubishi Electric, Nexteer, NSK, Robert Bosch, Showa Corporation, Thyssenkrupp, and ZF. Nexteer is one of the top five players in the Electric Power Steering market.
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