Automotive Electric Power Steering Systems
Market
Automotive Electric Power Steering Systems Market
Scope: Industry Analysis, Market Size, Growth,
Trends Till 2031
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Automotive Electric Power Steering Systems Market Size and Growth
The Automotive Electric Power Steering Systems market is experiencing significant growth, driven by increasing vehicle electrification and advanced driver-assistance systems. The market size is projected to reach approximately $XX billion by 2030, reflecting a CAGR of XX% from 2023. Key trends include rising demand for energy efficiency and enhanced vehicle safety.
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Companies Covered
(Covid 19 Impact Covered)
◍ JTEKT
◍ Bosch
◍ NSK
◍ Nexteer
◍ ZF
◍ Mobis
◍ Showa
◍ Thyssenkrupp
◍ Mando
The Automotive Electric Power Steering Systems Market features key players like JTEKT, Bosch, NSK, Nexteer, ZF, Mobis, Showa, Thyssenkrupp, and Mando. These companies innovate and improve efficiency, enhancing vehicle performance and safety. Their collective advancements drive market growth through increasing demand for fuel-efficient and responsive steering systems.
- JTEKT: $3.2 billion
- Bosch: $7.5 billion
- Nexteer: $1.5 billion Request Sample Report
Market Segmentation
By Application
Passenger Vehicle
Commercial Vehicle
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By Product
R-EPS
Market Growth
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$ X Billion USD
