Lewes, DE -- (SBWire) -- 03/04/2015 --Report forecast the Global Electric Power Steering market to grow at a CAGR of 8.63 percent over the period 2014-2019.
EPS systems are rapidly gaining acceptance among automakers and consumers because of the benefits they offer. They are lightweight and offer more fuel economy, when compared with hydraulic power steering systems. In terms of precision, EPS systems are more precise and reduce the steering effort.
According to the report, the growth of the market is attributed to the increase in demand for passenger cars fitted with EPS systems. Countries worldwide are implementing stringent regulations to reduce/control vehicle emission levels. The fuel economy of EPS-fitted cars is higher than that of hydraulic steering-fitted cars.
Global Electric Power Steering Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key Vendors
- JTEKT Corp.
- Mitsubishi Electric Corp.
- Nexteer Automotive
- NSK Limited
- TRW Automotive
Other Prominent Vendors
- Bosch Corporation
- China Automotive Systems Inc.
- Continental AG
- Delphi Automotive
- Federal-Mogul Corp.
- Mando Corp.
- Showa Corp
Market Driver
- Increase in Vehicle Production installed with EPS
- For a full, detailed list, view our report.
Market Challenge
- Aftermarket Issues
- For a full, detailed list, view our report.
Market Trend
- Emerging Markets Potential
- For a full, detailed list, view our report.
Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 64 pages and 25 Exhibits "Global Electric Power Steering (EPS) Market 2015-2019" report covering Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by Technology, Geographical Segmentation, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis. This report Covered These Companies - JTEKT Corp., Mitsubishi Electric Corp., Nexteer Automotive , NSK Limited , TRW Automotive, Bosch Corporation , China Automotive Systems Inc., Continental AG, Delphi Automotive, Federal-Mogul Corp., Mando Corp., Showa Corpms.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-electric-power-steering-eps-market-2015-2019
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