Electric Power Steering Market - Forecast(2021 - 2026)

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Electric Power Steering Market Forecast, Demand
Analysis, Market Share, Market Report (2021-2026)
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• Global Electric Power Steering Market is
  estimated to reach 41.9 billion by 2026,
  forecast to grow at a CAGR of 5.2 during
  2021-2026.
• Increasing adoption of Electric Power Steering
  in passenger car as well as commercial vehicles
  is one of the major driving factor that is
  expected to drive the automotive Electric Power
  Steering market during the forecast period.
• Variable ratio steering changes the co-ordination
  between the drivers actions. Global economic
  condition is growing day by day and disposable
  income of middle and upper middle class people.
  Since last half decade, the vehicle production
  has picked up drastically especially in China and
  India owing to low production costs.

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• Key Takeaways
• Asia-Pacific region is estimated to drive the
  electric power steering market growth during the
  forecast period from 2020 to 2025, owing to the
  growth of vehicle production, favorable
  government regulation, vehicle emission, electric
  vehicle penetration, growing disposable income
  and among other factors.
• Global Electric power steering market is
  estimated to driven with the help of growth in
  sport and budget segment vehicles. In the other
  hand most of the OEMs are started focusing on
  implementing cost-effectiveness and EPS system in
  commercial vehicles, expected to drive the market
  growth in the long term prospective.

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By Distribution Channel- Segment Analysis Sensor
segment is estimated to grow at a highest CAGR of
6.1 during the forecast period 2021-2026. Sensor
plays a critical role in the Electric Power
Steering Market. Sensor is responsible for
measuring two primary drivers in electric power
steering industry. There are majorly three type
of sensors used in such type of sensor includes
torque sensor, steering wheel speed sensor and
position sensor. Torque sensor is become one of
the primary sensor among all the sensor used in
electric power steering system. An Electric Power
Steering system is an alternative to the
traditional steering system includes electro
hydraulic system.
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• Automotive Material Market for Light weighting
  Industry Outlook 
• Robert Bosch
• Hyundai Mobis
• Delphi Technology 
• Thyssenkrupp
• GKN
• Mitsubishi

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Electric Power Steering Market - Forecast(2021 -
2026) Learn More About the Report _at_
https//www.industryarc.com/Research/Electric-Powe
r-Steering-Market-Research-501085
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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
• Purchase Full Report _at_ https//www.industryarc.com
  /purchasereport.php?id501085

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For More Details Contact Venkat
Reddy Contact (1) 970-236-3677 Email
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