Electric Power Steering Market Size & Share, by Type (C-EPS, P-EPS, R-EPS); Component (Steering Column, Sensors, Steering Gear, Mechanical Rack & Pinion, Electronic Control Unit, Electric Motor); Vehicle Type (Commercial Vehicles, Passenger Vehicles) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 4791
  • Published Date: Sep 29, 2023
  • Report Format: PDF, PPT

Companies Dominating the Electric Power Steering Landscape

top-features-companies
    • Robert Bosch LLC
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Mitsubishi Electric Corporation
    • ZF Friedrichshafen AG
    • Nexteer Automotive Corporation 
    • HELLA GmbH & Co. KGaA
    • Volkswagen AG
    • thyssenkrupp AG
    •  Sensata Technologies, Inc.
    • NXP Semiconductors
    • Honeywell International Inc.

Browse Key Market Insights with Data Illustration:

In-the-news

In The News

  • June, 2019- The new production facility of Nexteer Automotive, a world authority on intuitive motion control, was officially opened in Liuzhou, China's Liudong New District. Participants in the ceremony were Nexteer Automotive management, customers, and leaders from Liuzhou Government and Liudong New District.
  • May,2020- WABCO was purchased by ZF Friedrichshafen AG for USD 7 billion. The Commercial Vehicle Control Systems Division of WABCO has now been incorporated into ZF, and together with WABCO, ZF will create a global integrated system for commercial vehicle technology. In the past, WABCO and ZF collaborated to create systems like Evasive Maneuver Assist for commercial trucks to reduce collisions. Additionally, ZF had relied heavily on WABCO as a supplier f braking systems.

Author Credits:  Payel Roy, Dhruv Bhatia


  • Report ID: 4791
  • Published Date: Sep 29, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand in fuel efficient cars, penetration in commercial vehicles, increasing investments in product development are some of the major drivers for the market.

The market size of Electric Power Steering is anticipated to attain a CAGR of 14% over the forecast period, i.e., 2024 – 2036.

The major players in the market are Mitsubishi Electric Corporation, ZF Friedrichshafen AG, Nexteer Automotive Corporation ,HELLA GmbH & Co. KGaA, Volkswagen AG, thyssenkrupp AG, Sensata Technologies, Inc., NXP Semiconductors, Honeywell International Inc., JTEKT Corporation and others.

The C-EPS segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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