The Electric Power Steering Global Market Report 2023, provides comprehensive information on the electric power steering market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/electric-power-steering-global-market-report
As per The Business Research Company’s Electric Power Steering Global Market Report 2023, the 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%.
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The electric power steering market is segmented:
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)
Asia-Pacific was the largest region in the electric power steering market in 2022.
The table of contents in TBRC’s electric power steering market report includes:
- Executive Summary
- Electric Power Steering Market Characteristics
- Electric Power Steering Market Trends And Strategies
- Electric Power Steering Market – Macro Economic Scenario
- Electric Power Steering Market Size And Growth
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- Electric Power Steering Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Electric Power Steering Market
- Electric Power Steering Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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