Electric Power Steering Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2027

The Global Electric Power Steering Market size is expected to grow at an annual average of 5.43% during 2021-2027. The electric power steering market is primarily driven by factors such as the growing demand for autonomous vehicles and the demand for a green environment. In addition, increasing investment in research and development of new technologies is expected to penetrate market growth in various countries during the forecast period. The adoption of electric power steering systems in commercial vehicles is expected to mean tremendous growth in power steering systems during the forecast period.

The following Segmentation are covered in this report:

By Electric Motor

• Brush motor
• Brushless motor

By Application

• Passenger Cars (PC)
• Commercial Vehicles (CV)

By Off Highway Application

• Construction equipment
• Agricultural equipment

By Electric Vehicle

• BEV
• PHEV
• HEV

 Scope of the Report

The research study analyses the global Electric Power Steering industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

 Recent Developments

o Market Overview and growth analysis

o Import and Export Overview

o Volume Analysis

o Current Market Trends and Future Outlook

o Market Opportunistic and Attractive Investment Segment

 Geographic Coverage

o North America Market Size and/or Volume

o Latin America Market Size and/or Volume

o Europe Market Size and/or Volume

o Asia-Pacific Market Size and/or Volume

o Rest of the world Market Size and/or Volume

Key Questions Answered by Electric Power Steering Market Report

• What was the Electric Power Steering Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Electric Power Steering Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
• Which manufacturer/vendor/players in the Electric Power Steering Market was the market leader in 2020?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.