According to the Market Statsville Group (MSG), the global Electric Power Steering Market size is expected to grow from USD 24.5 million in 2021 to USD 39.6 million by 2030, at a CAGR of 5.5% from 2022 to 2030..

Below information is analyzed in depth in the report-

• Global Electric Power Steering Market Revenue, 2018-2023, 2024-2033, (US$ Millions)
• Global Electric Power Steering Market Sales Volume, 2018-2023, 2024-2033, (Units)
• Share of the top five Electric Power Steering companies in 2023 (%)

Market Growth Mapping

Qualitative and quantitative methodologies were utilized in the process of market growth mapping. The report offers an extensive examination of market dynamics, including a thorough assessment of the primary factors that drive market expansion, challenges encountered by industry participants, and forthcoming trends that indicate recent development. Prospects for investment and expansion are discerned via a comprehensive SWOT analysis, which evaluates the market’s strengths, weakness, opportunities, and threats. The PESTEL analysis, which investigates the technological, environmental, political, economic, and social factors that influence the industry, provides additional depth of analysis. Furthermore, the report incorporates an analysis of PORTER'S 5 forces, which provides valuable perspectives on the sector's profitability and competitive intensity. Moreover, the report covers regulatory landscape, COVID-19 impact analysis, customer sentiment and behavior, trade analysis, supply-demand analysis, and the influence of government policies and other macroeconomic factors.

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Electric Power Steering Market Segmentation:

This study offers a thorough segmentation of the Electric Power Steering market based on an in-depth examination of the product portfolios and customers of key regional and global market players. By means of a comprehensive examination, we offer detailed perspectives on market segmentation, assisting stakeholders in comprehending the diverse aspects and variables that impact the Electric Power Steering market.

By Type (Revenue, USD Million, 2017-2030)

• Rack Assist Type (REPS)
• Colum Assist Type (CEPS)
• Pinion Assist Type (PEPS)

By Component (Revenue, USD Million, 2017-2030)

• Steering column
• Sensors
• Steering gear
• Mechanical rack and pinion
• Electronic control unit
• Electric motor
• Bearing

 By Electric Motor (Revenue, USD Million, 2017-2030)

• Brush motor
• Brushless motor

By Application (Revenue, USD Million, 2017-2030)

• Passenger Cars (PC)
• Commercial Vehicles (CV)

By Electric Vehicle (Revenue, USD Million, 2017-2030)

• BEV
• PHEV
• FCEV

By EV Gear Type (Revenue, USD Million, 2017-2030)

• Worm Gear
• Ball Screw

By Mechanism (Revenue, USD Million, 2017-2030)

• Rigid
• Collapsible

By Off-Highway Application (Revenue, USD Million, 2017-2030)

• Construction equipment
• Agricultural equipment

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Electric Power Steering Market Regional Analysis:

This report delivers an exhaustive regional analysis of the Electric Power Steering market and dives into country-level evaluation for top economies. This study examines the operational activities of both domestic and international competitors in particular markets, while also evaluating the influence of market participant strategies and governmental backing on the expansion of the market. In order to provide stakeholders with a comprehensive perspective for well-informed strategy formulation, the study bridges the understanding of how regional dynamics and larger trends contribute to market growth.

North America (Revenue: USD Million; 2018-2033)

• US
• Canada
• Mexico

Europe (Revenue: USD Million; 2018-2033)

• Germany
• France
• K.
• Italy
• Spain
• Russia
• The Netherland
• Poland
• Belgium
• Nordic Countries
• Rest of Europe

Asia Pacific (Revenue: USD Million; 2018-2033)

• China
• Japan
• South Korea
• ASEAN
• Australia & New Zealand
• India
• Rest of Asia

South America (Revenue: USD Million; 2018-2033)

• Brazil
• Argentina
• Peru
• Colombia
• Rest of South America

Middle East & Africa (Revenue: USD Million; 2018-2033)

• Turkey
• Israel
• Saudi Arabia
• Egypt
• UAE
• Rest of the Middle East & Africa  

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Competitive Landscape of the Global Electric Power Steering Market

This section presents comprehensive information regarding various key players in the Electric Power Steering market. Additionally, it offers valuable insights pertaining to recent developments, contributions to the market, and effective marketing tactics. The study also encompasses a dashboard presentation that outlines the recent and current performance of the prominent corporations. The competitive analysis section of the research also encompasses an examination of both domestic and foreign sales, along with a comprehensive mapping of market players based on their respective products. Additionally, a thorough analysis of market share is conducted, focusing on significant firms, brands, producers, and suppliers.

The key companies covered in the market report are:

·         JTEKT Corporation

• NSK
• Nexteer
• Robert Bosch GmbH
• ZF Friedrichshafen AG
• Delphi Technologies
• Mitsubishi Electric Corporation
• DENSO CORPORATION
• Mando Corp
• Global Steering

Table of Content:

1. Introduction

• Research Scope
• Market Segmentation
• Research Methodology
• Definitions and Assumptions

2. Executive Summary

• Summary Snapshot, 2022–2030
• Key Findings
• Top Impacting Factors
• Top Investment Pockets
• Market Attractiveness Analysis
• Business Recommendations

3. Market Dynamics

• Market Drivers
• Market Restraints
• Market Opportunities
• Impact Analysis of Drivers and Restraints

4. Key Insights

• Value Chain
• Technological Insights
• Key Mergers, Acquisitions, Partnerships, etc.
• COVID-19 Impact on the Market
• Ecosystem/ Value Chain Analysis
• Porter’s Five Forces Analysis
• SWOT Analysis
• Price Trend Analysis
• PEST Analysis
• Import/Export Trends
• New Revenue Pockets
• Supply-Demand Analysis
• Pain Point Analysis
• Regulatory Framework

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Objectives of this report:

• To determine the size of the market both regionally and globally.
• To identify and assess the market's primary segments in terms of demand and market shares.
• To present a competitive market landscape that includes significant advancements noted by major companies during the historic analysis period.
• To assess the major variables influencing market dynamics and their potential importance over the forecast period.
• 3-months of analyst support, along with the Market Estimate sheet (in excel)

Reasons to Buy This Report:

• Constructive insights pertaining to each conceivable segment that aid in the formulation of strategic decisions.
• Assessment of the market's size at both regional as well as global levels.
• An dynamic research design for forecasting and estimating market size.
• Identification of key market players with pertinent developments
• Comprehensive scope to encompass all potential segments, thereby assisting each stakeholder

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Market Statsville Group (MSG) is an industry-leading provider of market research and strategy creation services that meet all of your requirements. MSG primarily offers a variety of services such as market research, business consulting, and supply chain optimization. Our goal is to help our clients overcome business obstacles and provide the most effective strategies to solve market issues. MSG implements solutions for market sizing, evaluation, and intelligent business insights in a variety of industrial verticals. It operates in over 60 countries and 105+ locations worldwide, and is supported by a diverse team of consultants, analysts, and market research specialists. MSG acts in a distinctively collaborative form throughout the business process in order to present the client's organization with the most precise information possible in the reports.

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