The global electric power steering market to grow at a CAGR of 6.68% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global electric power steering market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of passenger cars and light commercial vehicles (LCVs). The report also includes a discussion of the key vendors operating in this market.
The global automotive industry is experiencing a significant change in terms of electric power steering systems that are increasingly replacing hydraulic power steering in vehicles. Electric power steering system is an improvement over hydraulic system in many ways. They eliminate the use of power steering pumps, improving fuel efficiency in vehicles.
It provides more precision and a refined feel, which hydraulic system cannot match. When the thrust of the innovations in the automotive industry is in speed, safety, and fuel efficiency, it is evident that technologies such as electronic power steering systems will eventually capture the market rendering the old technologies obsolete.
- ZF Friedrichshafen
- Mitsubishi Electric
- TRW Automotive
Other prominent vendors
- ATS Automation Tooling Systems
- Delphi Automotive
- Hyundai Mobis
- Robert Bosch
- Thyssenkrupp Presta AG
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product
Part 07: Geographical segmentation
Part 08: Key leading countries
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
For more information about this report visit https://www.researchandmarkets.com/research/s7pt7r/global_electric