Regulatory Push towards efficient technologies drives Electric Power Steering Market.

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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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Increased demand for high-end vehicles and
growing stringency of emission regulations have
changed the market dynamics for electric power
steering manufacturers. In addition, the leading
OEMs are also collaborating with numerous other
players to expand their product portfolio and
customer base. The electric power steering
market is estimated to grow at a CAGR of 6.27
during the forecast period, to reach USD 42.01
billion by 2025 Speak to analyst
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Asia Pacific dominating the market for Electric
Power Steering Market from 2017 to 2025 Asia
Pacific is estimated to account for the largest
share of the electric power steering market in
2017. The market growth in the Asia Pacific
region can be attributed to the boom in vehicle
production and sales in countries such as China
and India. In recent years, the Asia Pacific
region has become the largest producer of
vehicles in the world. It is thus the largest
consumer of electric power steering across the
globe. The continuous growth of domestic players
along with Tier I companies, newer innovations
and developments such as ADAS integration, and
increasing mandates for a reduction in emission
levels and increase in fuel economy are fostering
the growth of the electric power steering market
in the Asia Pacific region. Request for
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Browse gtgt 149 market data
tables 57 figures
205 pages and in-depth TOC on
Electric Power Steering Market - Global
Forecast to 2025 Early buyers will receive 10
customization on this report. This is a
Premium Report Priced at US 5650 for single
user. Corporate User US8150 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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North America and Europe modest growth
Electric Power Steering Market The North American
and European automotive markets are known for
their highly sophisticated technology and safety
regulations. The major Tier I suppliers of
electric power steering in these regions are
Robert Bosch (Germany), Delphi (UK), Nexteer
(US), ZF TRW (Germany), and Federal-Mogul (US).
These companies have already planned to expand
their manufacturing facilities in the electric
power steering segment. As the North American and
European markets are set to attain maturity in
the near future, they would grow at a modest rate
in the next five years.   Request Sample
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• Target audience
• Legal and regulatory authorities
• Manufacturers of electric power steering
• Raw material suppliers for electric power
  steering
• Traders, distributors, and suppliers of electric
  power steering
• Worldwide automobile associations
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• Key players -
• To enable an in-depth understanding of the
  competitive landscape, the report includes
  profiles of some of the top players in the
  Electric Power Steering Market
• . These players include
• Robert Bosch (Germany),
• JTEKT (Japan),
• Nexteer (US),
• ZF (Germany),
• NSK (Japan),
• Delphi (UK),
• GKN (UK),
• Federal-Mogul (US),
• Hyundai Mobis (South Korea),
• Showa Corporation (Japan).

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