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“Electric Power Steering Industry”
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The analysts forecast the global electric power steering market to grow at a CAGR of 6.68% during the period 2017-2021.

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.

 

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Covered in this report 
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 market is divided into the following segments based on geography: 
• Americas 
• APAC 
• EMEA

The report, Global Electric Power Steering Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors 
• ZF Friedrichshafen 
• Mitsubishi Electric 
• Nexteer 
• TRW Automotive 
Other prominent vendors 
• ATS Automation Tooling Systems 
• Delphi Automotive 
• GKN 
• Hyundai Mobis 
• JTEKT 
• Mando 
• Robert Bosch 
• thyssenkrupp Presta AG

Market driver 
• Low penetration of cars in emerging economies. 
• For a full, detailed list, view our report

Market challenge 
• Growing car-sharing services in China, India, and Brazil. 
• For a full, detailed list, view our report

Market trend 
• Increase in electrification of mechanical components. 
• For a full, detailed list, view our report

Key questions answered in this report 
• What will the market size be in 2021 and what will the growth rate be? 
• What are the key market trends? 
• What is driving this market? 
• What are the challenges to market growth? 
• Who are the key vendors in this market space? 
• What are the market opportunities and threats faced by the key vendors? 
• What are the strengths and weaknesses of the key vendors?

 

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Table Of Contents – Major Key Points

 

PART 01: Executive summary 

PART 02: Scope of the report 
• Market overview 
• Top-vendor offerings 

PART 03: Market research methodology 
• Research methodology 
• Economic indicators 

PART 04: Introduction 
• Key market highlights 
• Automotive steering systems: An introduction 
• Classification of power steering 
• Components of a typical power steering system 
• Evolution of steering systems 

PART 05: Market landscape 
• Market overview 
• Market size and forecast 
• Five forces analysis 

PART 06: Market segmentation by product 
• Global electric power steering market by product 
• Global electrical power steering market in passenger cars 
• Global electric power steering market in LCVs 

PART 07: Geographical segmentation 
• Global electric power steering market by geography 
• Electric power steering market in APAC 
• Electric power steering market in Americas 
• Electric power steering market in EMEA 

PART 08: Key leading countries 
• Key leading countries: US and China 

PART 09: Market drivers 
• Key market drivers 
• Increase in sales of passenger cars and SUVs 
• Low penetration of cars in emerging economies 
• Fuel economy benefits 

Continued…….

 

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