Automotive Electric Power Steering (EPS) Market Attractive Growth Proposition Seen in 2024

The Latest Released Global Automotive Electric Power Steering (EPS) market study has evaluated the future growth potential of Global Automotive Electric Power Steering (EPS) market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, and emerging trends along with essential drivers, challenges, opportunities, and restraints in the Global Automotive Electric Power Steering (EPS) market. The study includes market share analysis and profiles of players such as Robert Bosch GmbH (Germany), Nexteer (United States), ZF Friedrichshafen AG (Germany), Infineon Technologies AG (Germany), NSK Ltd. (Japan), JTEKT Corporation (Japan), Mitsubishi Electric Corporation (Japan), HL Mando Corp. (South Korea), Hitachi Astemo Americas, Inc. (United States), Knorr-Bremse (Germany), MAHLE GmbH (Germany), SKF (Sweden), ABLIC Inc. (Japan), Denso Corporation (Japan), Renesas Electronics Corporation (Japan), Mitsuba Corporation (Japan).

According to HTF Market Intelligence, the Global Automotive Electric Power Steering (EPS) market to witness a CAGR of 6.5% during forecast period of 2024-2030. If you are a Global Automotive Electric Power Steering (EPS) manufacturer and would like to check or understand the policy and regulatory proposals, designing clear explanations of the stakes, potential winners and losers, and options for improvement then this article will help you understand the pattern with Impacting Trends.?

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Definition

The Automotive Electric Power Steering (EPS) Market encompasses the production and supply of electric power steering systems, which assist drivers in steering vehicles using an electric motor rather than a hydraulic system. EPS systems are more energy-efficient, offer better fuel economy, and provide greater control and precision than traditional steering systems. They are widely used in modern vehicles due to their ability to integrate with advanced driver assistance systems (ADAS) for features like lane-keeping and automated parking. The market is driven by increasing vehicle electrification, demand for fuel efficiency, and advancements in automotive safety technologies.

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Major Highlights of the Global Automotive Electric Power Steering (EPS) Market report released by HTF MI

Global Automotive Electric Power Steering (EPS) Market Breakdown by Type (Column, Pinion, Rack, Others) by Component (Columns, Sensors, Motors, Control Modules) by Vehicle Type (Passenger, Commercial) by Propulsion (ICE, Electric) and by Geography (North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)

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Automotive Electric Power Steering (EPS) Market Trend

·?????? Steer-by-wire technology offers design flexibility and more precise control by removing mechanical interconnections.

·?????? Modular EPS systems allow automakers to tailor steering configurations to specific vehicle types and sizes.

Automotive Electric Power Steering (EPS) Market Driver

·?????? The demand for fuel-efficient vehicles and superior handling boosts the adoption of Automotive Electric Power Steering (EPS).

·????? Integration of EPS with advanced driver-assistance systems (ADAS) enhances precision and automation in modern vehicles.

SWOT Analysis on Global Automotive Electric Power Steering (EPS) Players

In addition to Market Share analysis of players, in-depth profiling, product/service, and business overview, the study also concentrates on BCG matrix, heat map analysis, FPNV positioning along with SWOT analysis to better correlate market competitiveness. Demand from top-notch companies and government agencies is expected to rise as they seek more information on the latest scenario. Check the Demand Determinants section for more information.

Regulation Analysis ? Local System and Other Regulation: Regional variations in Laws for the use of Global Automotive Electric Power Steering (EPS) ? Regulation and its Implications ? Other Compliances

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FIVE FORCES & PESTLE ANALYSIS: In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.

? Political (Political policy and stability as well as trade, fiscal, and taxation policies)

? Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)

? Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)

? Technological (Changes in digital or mobile technology, automation, research, and development)

? Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)

? Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

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Heat map Analysis, 3-Year Financial and Detailed Company Profiles of Key & Emerging Players: Robert Bosch GmbH (Germany), Nexteer (United States), ZF Friedrichshafen AG (Germany), Infineon Technologies AG (Germany), NSK Ltd. (Japan), JTEKT Corporation (Japan), Mitsubishi Electric Corporation (Japan), HL Mando Corp. (South Korea), Hitachi Astemo Americas, Inc. (United States), Knorr-Bremse (Germany), MAHLE GmbH (Germany), SKF (Sweden), ABLIC Inc. (Japan), Denso Corporation (Japan), Renesas Electronics Corporation (Japan), Mitsuba Corporation (Japan).

Geographically, the following regions together with the listed national/local markets are fully investigated:

? APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)

? Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)

? North America (U.S., Canada, and Mexico)

? South America (Brazil, Chile, Argentina, Rest of South America)

? MEA (Saudi Arabia, UAE, South Africa)

Some Extracts from Global Automotive Electric Power Steering (EPS) Market Study Table of Content

Global Automotive Electric Power Steering (EPS) Market Size (Sales) Market Share by Type (Product Category) [Column, Pinion, Rack, Others] in 2024

Global Automotive Electric Power Steering (EPS) Market by Application/End Users [Columns, Sensors, Motors, Control Modules]

Global Automotive Electric Power Steering (EPS) Sales and Growth Rate (2024-2030)

Global Automotive Electric Power Steering (EPS) Competition by Players/Suppliers, Region, Type, and Application

Global Automotive Electric Power Steering (EPS) (Volume, Value, and Sales Price) table defined for each geographic region defined.

Supply Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis ........and view more in the complete table of Contents

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