“Global Electric Power Steering System (EPS) market witnessed a substantial growth rate and is expected to have an escalating growth rate over the forecast period. The Electric Power Steering System (EPS) market has been performing up to the mark for the last couple of decades and significantly contributing to the international revenue generation. Also, it is one of the most robust industries which have been heavily influencing the global economy.
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.
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The Electric Power Steering System (EPS) Market research report studies the historical, present, and future performance of the global market. The report further evaluates the present competitive landscape, prevalent business models, and the likely advancements in offerings by significant players in the coming years.
Electric Power Steering System (EPS) Market Overview: –
This report focuses on the Electric Power Steering System (EPS) in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.The global consumption of the automotive electronic power steering system is about 62 million units in 2016, the CAGR is 8%, the Europe is the largest production region, it occupies about26% market share in 2016, the North America occupies about 18% market share, the JP&KR occupies about 18.6% market share, the 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 downstream trend, the gross margin is about 21.78% in 2015, it has the similar trend with 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.The worldwide market for Electric Power Steering System (EPS) is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2023, from xx million US$ in 2017, according to a new GIR (Global Info Research) study.
Top key players included in this report are:
JTEKT, Bosch, NSK, Nexteer, ZF, Mobis, Showa, Thyssenkrupp, Mando
The Global Electric Power Steering System (EPS) Market has been segmented as below:
By Product type Analysis:
By End Users/Applications Analysis:
- Passenger Vehicle
- Commercial Vehicle
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The Global Electric Power Steering System (EPS) Market report additionally covers every one of the regions and nations of the world together with the development status, including market size, volume, and share, and in addition, value information, import and trade, and the regional forecast. The significant regions covered in the report are North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
The research document will answer following questions such as:
- What are the cutting-edge technologies responsible for driving the growth of the market?
- What are the main applications of the market? What are the growth prospects to the market applications into the market?
- At what stage of development are the key market products?
- What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?
- What is the outlook for the industry?
- What difference does performance characteristics of Electric Power Steering System (EPS) creates from those of established entities?
Detailed TOC and Charts Tables of Electric Power Steering System (EPS) Market Research Report available at: https://www.360researchreports.com/purchase/12672506
Last, It offers in-depth information obtained through extensive primary and secondary research methods. The information has been further assessed using various effective analytical tools. Therefore, the report provides a 360-degree view of the market.