Automotive Electronic Power Steering System Market

Automotive Electronic Power Steering System Market was valued at US$ 30.25 Bn in 2022 and is expected to reach US$ 48.14 Bn by 2029, at a CAGR of 6.86% during a forecast period.

Automotive Electronic Power Steering System Market Overview:

The Automotive Electronic Power Steering System Market research provides a detailed analysis of the competitive landscape, market share, and profiles of the leading companies in the industry. This comprehensive study examines the Automotive Electronic Power Steering System Market, identifying the factors influencing growth across various sectors.

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Market Scope:

To validate and estimate market size, we use top-down and bottom-up approaches. Our market estimations are based on the sale price, excluding any discounts from manufacturers, distributors, wholesalers, or traders. We apply weights based on usage rate and average sale price to generate percentage splits, market shares, and segment breakdowns. Country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage in the relevant region or country.

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Segmentation:

by Type

• Hydraulic Power Steering
• Electronic Power Steering
• Electro-Hydraulic Power Steering System

by Vehicle Type

• Passenger Vehicle
• Commercial Vehicle

Key Players:

Market leaders are identified through primary and secondary research. In-depth interviews with key thought leaders and industry professionals, such as experienced front-line staff, CEOs, and marketing executives, were conducted as part of the primary study. Secondary research included reviewing the annual and financial reports of major manufacturers. Data from primary and secondary sources are used to determine percentage splits, market shares, growth rates, and global market breakdowns, which are then cross-verified.

The major players in the Automotive Electronic Power Steering System Market include:

• Robert Bosch Automotive Steering GmbH
• Mitsubishi Electric Corporation
• ZF Friedrichshafen Group
• China Automotive Systems Inc.
• Nexteer Automotive
• NSK Global
• JTEKT Corporation
• SHOWA Corporation
• thyssenkrupp Presta AG
• Mando Corporation
• Hyundai Mobis
• Zhuzhou Elite Electro-Mechanical Co. Ltd
• Sona Koyo Steering Systems Ltd
• CAAS

Regional Analysis:

The Automotive Electronic Power Steering System Market analysis includes a regional overview, covering individual market influencing factors and changes in market laws impacting current and future trends. This analysis evaluates the overall market potential and identifies profitable patterns to establish a stronger market position. The geographical market evaluation is based on the current environment and anticipated trends.

Key Questions Answered in the Automotive Electronic Power Steering System Market Report:

• In 2023, which segment accounted for the largest share of the Automotive Electronic Power Steering System Market?
• What is the competitive landscape of the Automotive Electronic Power Steering System Market?
• What are the key factors influencing Automotive Electronic Power Steering System Market growth?
• Which region holds the most market share in the Automotive Electronic Power Steering System Market?
• What will be the CAGR of the Automotive Electronic Power Steering System Market during the forecast period (2023-2029)?

About Maximize Market Research:

Maximize Market Research is a versatile market research and consulting firm with expertise in various industries. Our services include industry estimations, technical trend analysis, market research, strategic advice, competition analysis, production and demand assessment, and client impact studies. We cover sectors such as medical devices, pharmaceuticals, science and engineering, electronic components, industrial equipment, technology, automotive, chemicals, general merchandise, beverages, personal care, and automation.

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