Electric Power Steering System (EPS) Market
Electric Power Steering System (EPS) Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Electric Power Steering System (EPS) Market Size and Growth
The Electric Power Steering System (EPS) market is experiencing significant growth due to the increasing demand for fuel-efficient vehicles and advanced driving technologies. The market size is expected to reach $36.6 billion by 2026, driven by the expansion of the automotive industry and the adoption of EPS in passenger cars and commercial vehicles. Request
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Companies Covered (Covid 19 Impact Covered)
◍ JTEKT
◍ Bosch
◍ Nexteer Automobile
◍ ZF
◍ NSK
◍ Hitachi Astemo (Showa )
◍ Mobis
◍ Thyssenkrupp
◍ Mando
◍ CAAS
◍ Zhejiang Shibao
◍ Elite
The Electric Power Steering System (EPS) market is competitive with key players such as JTEKT, Bosch, Nexteer Automobile, ZF, NSK, Hitachi Astemo (Showa), Mobis, Thyssenkrupp, Mando, CAAS, Zhejiang Shibao, Elite, and Yubei (Xinxiang). These companies drive market growth by providing innovative EPS solutions.
Sales revenue figures: JTEKT - $10.5 billion, Bosch$52.6 billion, Nexteer Automobile - $3.9 billion.
◍ Yubei (Xinxiang) Power Steering System
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Market Segmentation
By Application
◍ Passenger Vehicle
◍ Commercial Vehicle
By Product
◍ C-EPS
◍ P-EPS
◍ R-EPS
◍ DP-EPS
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$ X Billion USD
Market Growth
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