The Business Research Company’s Electric Power Steering Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Electric Power Steering Global Market Report 2023 evaluates electric power steering market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global electric power steering market is expected to grow from $25.70 billion in 2022 to $27.67 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The electric power steering market is expected to reach $35.59 billion in 2027 at a CAGR of 6.5%.
The electric power steering market segments in the report are:
1) By Type: R-EPS, P-EPS, C-EPS
2) By Component: Steering Column, Sensors, Steering Gear, Mechanical Rack and Pinion, Electronic Control Unit, Electric Motor, Bearing
3) By Electric Motor: Brush Motor, Brushless Motor
3) By Mechanism: Rigid, Collapsible
4) By Application: Passenger Cars (PC), Commercial Vehicles (CV)
Get More Information On The Electric Power Steering Market Report:
https://www.thebusinessresearchcompany.com/report/electric-power-steering-global-market-report
The table of contents in TBRC’s electric power steering market report includes:
1. Executive Summary
2. Electric Power Steering Market Characteristics
3. Electric Power Steering Market Trends And Strategies
4. Impact Of COVID-19 On Electric Power Steering Market
5. Electric Power Steering Market Size And Growth
…
27. Competitive Landscape And Company Profiles Of The Electric Power Steering Market
28. Key Mergers And Acquisitions Of The Electric Power Steering Market
29. Future Outlook and Potential Analysis Of The Electric Power Steering Market
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