Asia Pacific Electric Power Steering Market is segmented by type (REPS , CEPS, PEPS), by vehicle type (BEV, PHEV & HEV), by application (passenger car & commercial car) and by country (Asia Pacific, China, Japan, India, South Korea, Australia, New Zealand, rest of the Asia Pacific). Asia Pacific Electric power steering market size was valued US$ 23.62 Bn in 2017 and is expected to grow 42.1 Bn in 2026 at a CAGR of 6.27% over the forecast period

Automotive industry has been using traditional hydraulic pressure, provided by a pump, driven by the engine. Technological advancements in the automotive sector which has increasing demand for automotive sensors, escalated adoption of electric cars is likely to propel demand for electric steering.

CEPS is dominating the Asia-Pacific Electric power steering market
Column Assist EPS (CEPS) has proved to be the perfect solution for compact vehicles that include lesser space in the engine room as the power help unit is located in the cabin. This system integrates the system electronics (motor, controller, and sensor) and the help mechanism with the steering column.

HEV segment is leading in the Asia-Pacific Electric power steering market.
Growth of HEV segment can be attributed to the engine structure of the vehicle, which merge a conventional internal combustion engine (ICE) system with an electric propulsion system. Also, the growing sales of HEVs in the Asia Pacific region are driving the growth of electric power steering systems in these vehicles.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Mando Corporation (South Korea), Robert Bosch GmbH (Germany), Mitsubishi Electric Corporation (Japan), Showa Corporation (Japan), JTEKT Corporation (Japan), Sona Koyo Steering Systems Ltd. (India), Hyundai Mobis (South Korea), NSK Ltd. (Japan), and Thyssenkrupp AG (Germany).

Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the Asia-Pacific Electric power steering market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Asia-Pacific Electric power steering market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Asia-Pacific Electric power steering market positioning of competitors.

Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Asia-Pacific Electric Power Steering Market”.

https://www.maximizemarketresearch.com/market-report/asia-pacific-electric-power-steering-market/19836/

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