Global Electric Power Steering Market is expected to reach US$ XX Bn by 2026 from US$ 24.70 Bn in 2018 at CAGR of XX % (Detailed analysis of the market CAGR is provided in the report).
Global Electric Power Steering Market
In previous years, the electronic power steering was used only in the only high-end vehicle or sports utility vehicles (SUVs). But in recent time, the reliability of electronic power steering has increased, which in a result, has boosted its involvement in almost every category of vehicle.
Electric Power Steering Market is segmented by component, electric motor type, application, electric vehicle, type, mechanism, off-highway vehicles, and geography. By component, the Electric Power Steering Market is segmented into a steering wheel, steering column, sensors, steering gear, mechanical rack and pinion, electronic control unit (ECU), electric motor and bearings.
On the basis of electric motor type, the electric power steering market is classified into brushed dc motors and brushless dc motors. In terms of electric vehicle, the electric power steering market is classified as HEV, BEV, and PHEV. On the basis of type, the electric power steering market is segmented as C-EPS, P-EPS, and R-EPS. in terms of mechanisms, the electric power steering market is categorized into collapsible EPS and rigid EPS. Based on Off-highway vehicles, the electric power steering market is segmented into agricultural equipment and construction equipment.
On the basis of applications, the electric power steering market is classified into passenger vehicles and commercial vehicles. The market on the basis of geography is segmented by North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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