DUBLIN--(BUSINESS WIRE)--The "Global Electric Power Steering Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.

The global electric power steering market is poised to grow by 2.34 million units during 2020-2024 progressing at a CAGR of 1% during the forecast period.

This report provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment.

The market is driven by the stringent regulations to control emissions, sharing the increase in production cost to OEMs and end-users, and rising adoption of EPS in entry-level and mid-segment vehicles. The study identifies the steer-by-wire technology gaining adoption in CVs as one of the prime reasons driving the electric power steering market growth during the next few years.

The global electric power steering market is segmented as below:

By Application

  • Passenger cars
  • LCVs

By Geography

  • APAC
  • Europe
  • North America
  • South America
  • MEA

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric power steering market vendors that include:

  • DENSO Corp.
  • Hitachi Ltd.
  • Hyundai Mobis Co. Ltd.
  • JTEKT Corp.
  • Mando Corp.
  • Nexteer Automotive Corp.
  • NSK Ltd.
  • Robert Bosch GmbH
  • thyssenkrupp AG
  • ZF Friedrichshafen AG

Also, the electric power steering market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

For more information about this report visit https://www.researchandmarkets.com/r/ww7q6g

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900