DUBLIN—Research and Markets has announced the addition of the "Growth Opportunities in the Global Automotive Electric Power Steering Market 2016-2021: Trends, Forecast, and Opportunity Analysis" report to their offering.
The future of the global automotive electric power steering market looks good with opportunities in the segments of passenger car and commercial vehicle.
The global automotive electric power steering market is expected to reach an estimated $24.2 billion by 2021 and it is forecast to grow at a CAGR of 6.6% from 2016 to 2021. The major drivers of growth for this market are increasing vehicle production, increasing demand for driving comfort and reliability, and reduction in fuel consumption.
Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction of brushless motor technology and the development of light weight electric power steering.
Scope of the Report
By component type ($ million 2015)
- Steering wheel
- Steering column
- Steering motor
- Torque sensor
- Others
By product type (Million Units from 2010 to 2021)
- Column Assist EPS
- Single-Pinion Assist EPS
- Dual-Pinion Assist EPS
- Rack Assist EPS
By vehicle type (Million Units from 2010 to 2021)
- Small Car
- Mid-Size Car
- Luxury Car
- Sports/Unclassified
- Light Commercial Vehicle (LCV)
JTEKT Corporations, Robert Bosch Automotive Steering GmbH, NSK Limited, Nexteer Automotive, and ZF TRW Automotive Holdings Corporation are the major EPS suppliers in the global automotive electric power steering market.
Key Topics Covered:
1. Executive Summary
2. Global Automotive Electric Power Steering Market: Market Dynamics
3. Market Trends and Forecast Analysis
4. Market Trends and Forecast Analysis by Region
5. Competitor Analysis
6. Cost Structure Analysis
7. Growth Opportunities and Strategic Analysis
8. Company Profiles of Leading Players
- China Automotive Systems Inc.
- Delphi Automotive Plc
- JTEKT Corporation
- Mando Corporation
- Mitsubishi Electric Corporation
- NSK Limited
- Nexteer Automotive
- Robert Bosch Automotive Steering GmbH
- Showa Corporation
- ZF TRW Automotive Holdings Corporation
For more information about this report visit http://www.researchandmarkets.com/research/gzwrq7/growth
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Research and Markets
Laura Wood, Senior Manager
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Related Topics: Steering Systems and Components