Automotive Electric PowerSteering Market-Overview:
The call for a dramaticallylesser carbon footprint is estimated to influence the automotive electric powersteering market 2020. The automotive components reports are formed by MarketResearch Future, which presents market options for progress. A 6% CAGR isestimated to direct the market expansion in the upcoming period.
With the rise in fuel crisiscaused by a decrease in fossil fuel reserves and their impact on theenvironmental wellbeing is estimated to spur the automotiveelectric power steering market share in the upcoming period. Thecombination of high-end features and economic costs is estimated to drive theexpansion of the market share of automotive electric power steering in the nearfuture.
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Segmental Analysis
The segmental evaluation of theautomotive electric power steering market is carried out on the basis ofcomponent, vehicle, mechanism, type and type of fuel used. Based on the type,the automotive electric power steering market has been segmented into rackassist type, pinion assist type and column assist type. The component-basis ofsegmenting the automotive electric power steering market consists of thesteering column, mechanical rack and pinion, bearing, steering gear, steeringwheel and electric motor. Based on the mechanism, the automotive electric powersteering market comprises of rigid and collapsible. Based on the type of fuelused, the automotive electric power steering market comprises of PHEV, diesel,BEV, petrol and HEV. Based on the vehicle types, the automotive electric powersteering market comprises of light commercial vehicle (LCV), passenger vehicle,and heavy commercial vehicle (HCV)
Detailed Regional Analysis
The regional scrutiny of theautomotive electric power steering market is segmented into Asia Pacific,Europe, North America, and other global markets. The North America regionalmarket has exhibited a healthy upward tendency in the research & developmentand espousal of the concept of self-driving cars. The market of the AsiaPacific market is anticipated to be the ensuing global automotive heart owingto the intensifying income and acquiring power of the middle class. The Europeregion’s share in the automotive electric power steering market has an intensediversity of technically advanced cars where in, the vehicle functions arefurther improved using this system.
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Competitive Analysis
The backing from administrativebodies around the world is escalating because the market requires an additionalimpetus to attain regularity in such a situation. The stress on modernizationis appraised to see an upswing in the coming years, as the user requirementshave to be tackled in an improved manner to safeguard the revival of theworldwide market. Also, the prerequisite to espouse a speedy and lucrativemethod of management is expected to influence the market in the approachingperiod. The conflict in the forces of demand and supply is appraised to producea measured development context in the market. The prerequisite to alleviatelosses borne by the current public health crisis is appraised to be the solefocus of the market candidates in the forthcoming years. Besides, the necessityto boost businesses is estimated to take into account the influence of theirdecisions is appraised to shape the expansion of the market in the imminentphase. The proficiency of contestants to reassure change in the market isgrowing at a fixed rate in the approaching period.
The strategic companies inautomotive electric power steering market are Mando Corporation (South Korea),Robert Bosch GmbH (Germany), KSR International Company (Canada),Mitsubishi Electric Corporation (Japan), Delphi Automotive (U.K), ShowaCorporation (Japan), TRW Automotive (U.S.), JTEKT Corporation (Japan), HitachiAutomotive Systems Ltd. (U.S.), Nexteer Automotive (U.S.), Federal-Mogul(U.S.), Hyundai Mobis (South Korea), NSK Ltd. (Japan), Sona Koyo SteeringSystems Ltd. (India), and Thyssenkrupp AG (Germany), among others.
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply ChainAnalysis
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