Europe is the largest production region, it occupies about 26% of the Electric Power Steering System (EPS) market share.
Automotive Electronic Power Steering System is a very popular steering system, a power steering system that directly relies on the motor to provide auxiliary torque; Currently, most of the vehicle are installed the electronic power steering system, and the electronic power steering system can reduce about 5% fuel consumption.
The global consumption of the automotive electronic power steering system is about 62 million units, the CAGR is 8%, Europe is the largest production region, it occupies about26% market share, North America occupies about 18% market share, the JP&KR occupies about 18.6% market share, China occupies about 21.1% market share;
The average price of the automotive electronic power steering system is about 323 USD per unit, the price shows the downstream trend, the gross margin is about 21.78%, it has the similar trend with a price;
In the future, the total install ratio will still have increase trend, and it will have great influence on the reduce of fuel consumption.
Global Electric Power Steering System (EPS) Market Professional Survey Report 2018 is a professional and in-depth study and available exclusively through Trusted Business Insights. Annual estimates and forecasts are provided for the period 2019 through 2025. Also, a five-year historic analysis is provided for these markets in this 120 pages report.
This market report provides in-depth analytics of the Electric Power Steering System (EPS) industry including definition, classification, application and industry chain structure. The report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share, and contact information.
Electric Power Steering System (EPS) market report includes an in-depth analysis of the competitive landscape of this business vertical, constituting companies like:
Products Segmentation, this report displays the production, revenue, price, market share, and growth rate of each type as below:
By Industrial Application, the market can be split into:
Market Segment by Regions includes:
- North America (the USA, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America
- Middle East and Africa.