Automobile Electric Power Steering Market
Automobile Electric Power Steering Market Size and Growth
The global Automobile Electric Power Steering market is anticipated to grow significantly due to increasing demand for fuel-efficient vehicles. Market size is projected to reach USD 22.5 billion by 2025, with a CAGR of 5.3%. Key players include JTEKT Corporation, Robert Bosch GmbH, Nexteer Automotive Group Limited, and NSK Ltd.
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Companies Covered
(Covid 19 Impact Covered)
◍ Bosch
◍ JTEKT Corporation
◍ Nexteer Automotive
◍ NSK Limited
The Automobile Electric Power Steering Market is highly competitive with key players such as Bosch, JTEKT Corporation, Nexteer Automotive, NSK Limited, ZF TRW Automotive Holdings Corporation, Advanced Leading Technology Co, and ZHEJIANG SHIBAO COMPANY LIMITED. These companies utilize innovative technologies and strategic partnerships to drive growth in the market.
◍ ZF TRW Automotive Holdings Corporation
◍ Advanced Leading Technology Co
◍ ZHEJIANG SHIBAO COMPANY LIMITED
- Bosch: Sales revenue of $49.66 billion
- JTEKT Corporation: Sales revenue of $14.75 billion
- Nexteer Automotive: Sales revenue of $3.55 billion
Market Segmentation
By Application
Passenger Car
Commercial Vehicle
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By Product
Column EPS ， C-EPS
Pinion EPS ， P-EPS
Rack EPS ， R-EPS
Market Growth
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$ X Billion USD
