Electric Power Steering Market worth 42.01 Billion USD by 2025

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Electric Power Steering Market by Component, Type
(CEPS, PEPS, REPS), Mechanism (Collapsible,
Rigid), Motor Type (Brushless, Brush),
Application, Off Highway (Construction,
Agricultural), EV (BEV, PHEV, HEV), and Region -
Global Forecast to 2025
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Column assist EPS (CEPS) holds the largest market
share in 2017 The column assist EPS (CEPS),
which incorporates the steering assist mechanism
on the column, holds the largest share of the
electric power steering market. The growth of
this EPS type can be attributed to the higher
production of passenger cars as compared to
commercial vehicles. CEPS can support the
steering function of the driver on low torques
and low frontal axle loads, which is suitable for
low-end and mid-range passenger cars. As these
vehicle segments account for the largest share of
the overall vehicle production, CEPS has the
highest market share amongst all the EPS
types. PDF Brochure https//www.marketsandma
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Collapsible steering column Largest share of
electric power steering market in 2017 The
collapsible steering column is a mechanism of an
upper column and a lower shaft in which the lower
shaft enters into a housing in the event of an
accident. This column is installed in passenger
cars and light commercial vehicles. The growing
production of passenger cars and light commercial
vehicles, as well as increasing government
mandates on road safety, are the primary factors
driving the growth of collapsible steering
columns in EPS systems. Request for
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An Electric Power Steering (EPS) system offers an
alternative to traditional steering systems such
as Hydraulic and Electro-Hydraulic. It deploys an
electric motor to assist the driver of a vehicle.
The electric power steering market is segmented
by type into column EPS (C-EPS), rack EPS
(R-EPS), and pinion EPS (P-EPS). The column EPS
(C-EPS) is estimated to hold the largest share of
this market, by type. Rack EPS (R-EPS) is
estimated to be the fastest growing segment of
the electric power steering market, by type.
Factors contributing to the growth of this
segment include the increasing installation rate
of EPS in commercial vehicles. Rack EPS (R-EPS)
is mostly used in heavy commercial vehicles.
Hence, the growing popularity of EPS in heavy
commercial vehicles would trigger the growth of
R-EPS systems. Request Sample _at_
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Asia Pacific Rapid vehicle electrification in
China is propelling the growth of Asia Pacific
market The growth of the electric power steering
market in the Asia Pacific region is expected to
be driven by growing vehicle production,
government regulations about vehicle emissions,
rapid vehicle electrification, fuel efficiency
demand, and growing disposable incomes. The
governments in the Asia Pacific region are taking
several initiatives to improve vehicle safety and
are thus compelling OEMs to increasingly
integrate safety features with the EPS
system. Speak to analyst _at_ https//www.markets
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Market Ecosystem The ecosystem of the electric
power steering market consists of manufacturers
such as Robert Bosch (Germany), Delphi (UK), and
JTEKT (Japan) and research institutes such as the
Japan Automobile Manufacturers Association
(JAMA), European Automobile Manufacturers
Association (ACEA), Canadian Automobile
Association (CAA), and Korea Automobile
Manufacturers Association (KAMA). Buy Now
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Browse gtgt 128 market data
tables 78 figures
187 pages and in-depth TOC on
 "Electric Power Steering Market by Component,
Type (CEPs, PEPs, REPs), Mechanism (Collapsible,
Rigid), Motor Type (Brushless, Brush),
Application, Off Highway (Construction,
Agricultural), EV (BEV, PHEV, HEV), and Region -
Global Forecast to 2025" Early buyers will
receive 10 customization on this
report. This study answers several questions
for the stakeholders, primarily which market
segments to focus on in the next two to five
years to prioritize efforts and investments.
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