Electric Power Assisted Steering Systems Market
Electric Power Assisted Steering Systems Market
Scope: Industry Analysis, Market Size, Growth,
Trends Till 2031
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Electric Power Assisted Steering Systems Market Size and Growth
The Electric Power Assisted Steering (EPAS) Systems market is experiencing robust growth due to rising demand for fuel-efficient and lightweight vehicles. The global market size is projected to reach USD 37 billion by 2025, driven by advancements in electric steering technologies and increasing vehicle production across key regions. Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ JTEKT
◍ Bosch
◍ NSK
◍ Nexteer
◍ ZF
◍ Mobis
◍ Showa
◍ Thyssenkrupp
◍ Mando
The Electric Power Assisted Steering Systems Market features key players like JTEKT, Bosch, NSK, Nexteer, ZF, Mobis, Showa, Thyssenkrupp, and Mando. These companies innovate and enhance system efficiency, driving market growth. Select revenues include:
- Bosch: Over $80 billion (total revenue).
- ZF: Approximately €38 billion.
- JTEKT: Around $13 billion.
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Market Segmentation
By Application
Passenger Car
Commercial Vehicle
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By Product
Market Growth
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$ X Billion USD
