Electric Power Assisted Steering Market: By Type (EPHS, HPS, C-EPAS, P-EPAS, R-EPAS etc.), By Vehicle Type (Passenger, Sports, Commercial and Light Commercial) and By Geography - Forecast (2015-2020) Published on – 11 November, 2014 | Number of pages : 171 Single User Price: $4250 The research methodology used to estimate and forecast Electric Power Assisted Steering Market begins with capturing data on key vendor revenue through the secondary research.
Summary of the Report: The Electric power steering (EPS) uses an electric motor to assist during the driving of a vehicle. Sensors detect the position and torque of the steering column, and a computer module applies assistive torque via the motor, which connects to either the steering gear or steering column. There is high scope of applications of EPS in smart cars or electric cars in the Electric Power Assisted Steering Market in upcoming years.
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Topics Covered in this report : Regional forecast of the Electric Power Assisted Steering Market: As per the forecast market analysis studies by MIR of the Electric Power Assisted Steering Market, it is estimated to grow at a CAGR of 9.34% through 2020. North America is the leading region with high market shares in the Electric Power Assisted Steering Market. This market is expected to grow due to high number of cars in the region. Europe is the fast growing region in this market with many global car manufacturers for developing more efficient power steering system and power steering pump. Asia Pacific is the largest region in the Electric Power Assisted Steering Market. India and China are the potential countries with great scope of sales during 2015-2020. Power steering system in vehicles are preferred in this region.
Segmentation and key players of the Electric Power Assisted Steering Market: The Electric Power Assisted Steering Market is segmented into various categories in the MIR market research report by type, by system components, by vehicle type and by geography. By type: electric powered hydraulic steering, electric powered steering systems By system components: steering wheel, steering angle sensor, steering column, steering moment sensor, steering gear, steering motor, steering hoses and power steering control unit By vehicle type: passenger, commercial, light commercial vehicle, sports vehicles and others By geography: North America, South America, Europe, Asia Pacific and ROW
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Some of the key players in the Electric Power Assisted Steering Market according to the MIR market analysis report are as follows: • • • • •
Delphi Automotive LLP Hitachi Automotive Systems Robert Bosch GmbH Mitsubishi Electric Corporation China Automotive Systems Inc.
The Electric Power Assisted Steering Market is a rapidly growing market with rise of demand for smart cars with automatic and safety improvisation. This market is expected to witness high growth in automotive industry across the globe during 2015-2020.
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Electric Power Assisted Steering Market: By Type (EPHS, HPS, C-EPAS, P-EPAS, R-EPAS etc.), By Vehicle Type (Passenger, Sports, Commercial and Light Commercial) and By Geography Forecast (2015-2020) A detailed qualitative analysis of the factors responsible for driving and restraining growth of the Electric Power Assisted Steering Market and future opportunities are provided in the report.
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