Rise in Vehicles Sales to Drive the Global Automotive Electric Power Steering (EPS) Market: Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Buy Now An automotive electric power steering comprises of electric motor for assisting the driving of vehicles and sensors detecting the position & torque of the steering column, and a computer module that applies provide the assistive torque via the motor, connected either to steering gear or the steering column. The Automotive power steering offers much more assistance than the traditional hydraulic power steering by using an electric motor, coupled directly with the steering gear or the column. The steering system of a vehicle is considered to be one of the key components. It is formed by a several mechanical components working over a synergy & translating the movement of steering wheel by driving into rotation over the front wheels of automobile. The steering systems can further be broadly divided into two categories. According to study, “Global Automotive Electric Power Steering (EPS) Market to reach USD 15.2 billion by 2026” the key companies operating in the global automotive EPS market are Jtekt Corporation, Nexteer AutomotiveZF Friedrichshafen, Robert Bosch, NSK Ltd., Hyundai Mobis, Showa Corporation, Delphi, Thyssenkrupp, Mitsubishi Electric The automotive EPS market is driven by growth in urbanization & industrial activities, followed by boost in the living lifestyle, rise in demand for luxury & comfort in vehicles, rise in the sales of vehicles and growth in the demand for safety features in the automotive sector. However, higher cost of EPS as compared to traditional steering systems may impact the market. Moreover, increase in penetration in commercial vehicles and growths in technological advancements are key opportunities for market. Based on type, automotive EPS market is segmented as Electronic Hydraulic Power Steering (EHPS), Column Assisted Electronic Power Steering (C-EPS), Rack Assisted Power Steering System (R-EPS), and Pinion Assisted Electronic Power Steering (P-EPS). Based on component, market is segmented as steering wheel, mechanical rack and pinion, steering column, electronic control unit, sensors, bearing, steering gear and electric motor. Based on electric motor, market is segmented as brush motor and brushless motor. In addition, based on application, market is segmented as passenger cars, agricultural tractors, Light Motor Vehicles (LMV), Heavy Motor Vehicles (HMV) and special utility vehicles (sports cars, military vehicles, cranes, earth moving). Passenger car segment holds major share in market owing to increase in vehicle production along with rise in demand for passenger vehicles. Based on geography, the North-American region dominates the global automotive EPS market owing to increase in vehicle production and sales coupled with rapid electrification of vehicles in the region. Whereas, the Asian-Pacific region is estimated to exhibits higher growth rate due to increase in population and rise in disposable income over the forecast period. In upcoming years, it id predicted that future of the market will be bright as a result of hybrid electric and electric vehicles with current & innovative technologies such as drive-by-wire during the forecast period. The global automotive electronic power steering market was valued at US $27.34 Billion in 2019 and is predictable to reach over US $48.60 Billion by 2026, growing at a CAGR of around 8.8% during the forecast period from 2020 -2026. For More Information, click on the link below:- Global Automotive Electric Power Steering Market Research Report Related Reports:- Global Automotive Electric Power Steering (EPS) Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications ankur@kenresearch.com +91-9015378249 Tags: Asia Pacific Automotive Electric Power Steering Market, Brazil Automotive Electric Power Steering Market, Canada Automotive Electric Power Steering Market, China Automotive Electric Power Steering Market, Delphi Automotive Electric Power Steering Market, Europe Automotive Electric Power Steering Market, Germany Automotive Electric Power Steering Market, Global Automotive Electric Power Steering Industry, Global Automotive Electric Power Steering Industry Research, Global Automotive Electric Power Steering Industry Research Report, Global Automotive Electric Power Steering Market, Global Automotive Electric Power Steering Market Analysis, Global Automotive Electric Power Steering Market Forecast, Global Automotive Electric Power Steering Market Future Outlook, Global Automotive Electric Power Steering Market Growth, Global Automotive Electric Power Steering Market Key Players, Global Automotive Electric Power Steering Market Research, Global Automotive Electric Power Steering Market Research Report, Global Automotive Electric Power Steering Market Revenue, Global Automotive Electric Power Steering Market Sales, Global Automotive Electric Power Steering Market Scope, Global Automotive Electric Power Steering Market Share, Global Automotive Electric Power Steering Market Size, Global Automotive Electric Power Steering Market Trends, Globaler Markt für elektrische Servolenkung für Kraftfahrzeuge, Hyundai Mobis Automotive Electric Power Steering Market, India Automotive Electric Power Steering Market, Japan Automotive Electric Power Steering Market, Jtekt Corporation Automotive Electric Power Steering Market, Latin America Automotive Electric Power Steering Market, Marché mondial de la direction assistée électrique automobile, Mercado global de dirección asistida eléctrica automotriz, Mercato globale del servosterzo elettrico per autoveicoli, Mexico Automotive Electric Power Steering Market, Mitsubishi Electric Automotive Electric Power Steering Market, Nexteer AutomotiveZF Friedrichshafen Automotive Electric Power Steering Market, North America Automotive Electric Power Steering Market, NSK Ltd. 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