Electronic Power Steering Market
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Global <strong>Electronic</strong> <strong>Power</strong><br />
<strong>Steering</strong> <strong>Market</strong><br />
Share, Global Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation and Forecast,<br />
2016-2026<br />
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Report Description<br />
The automotive industry has gone through many phases of improvements in design,<br />
power and efficiency in the last few decades. The technology has brought automobiles to<br />
perform in any terrains, which were earlier meant only for smooth roads. The selection of<br />
correct steering design provides stability and maneuverability to vehicle in any terrains.<br />
The steering mechanism is a combination of various linkages which are intended to turn<br />
vehicle in minimum radius without over turning it. Unlike conventional steering, the<br />
modern electronic power steering comprises of various electronic components which<br />
assist to reduce power and provide precision turning. The electronic power steering can<br />
improve fuel efficiency and driving experience.<br />
Earlier, the electronic power steering was used only in only high-end vehicle or sports<br />
utility vehicles (SUVs). In recent years, the reliability of electronic power steering has<br />
increased, which in result, has boosted its involvement in almost every categories of<br />
vehicle. The modern electronic power steering are much more compact and includes<br />
many other controlling features and airbags.<br />
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Global <strong>Electronic</strong> <strong>Power</strong> <strong>Steering</strong> <strong>Market</strong>: Dynamics<br />
The electronic power steering market is basically dependent on the automobile<br />
manufacturing sector. Also, research and development activities by various automotive<br />
firms is one of the driving factor of the global electronic steering market. Developments
Report Description<br />
of sophisticated and robust steering mechanism is estimated to fuel up the global<br />
electronic steering market. Moreover, increasing competition to develop electric, selfdriven<br />
or auto-pilot enabled vehicles is expected to boost the global market of power<br />
steering. Whereas, unavailability of cent percent reliable steering system and failure of<br />
electronics of steering are major restraints to global electronic power steering market.<br />
Unlike conventional steering which have constant direct connection of links,<br />
development of electronic power steering with no direct contact of links is expected to<br />
trend in the forecast market.<br />
Global <strong>Electronic</strong> <strong>Power</strong> <strong>Steering</strong> <strong>Market</strong>: Segmentation<br />
The global electronic power steering (EPS) or electric power assisted steering (EPAS)<br />
market can be segmented into various categories on the basis of its type and application<br />
vehicle. On the basis of EPS type, it can be segmented as column assisted electronic<br />
power steering(C-EPS), pinion assisted electronic power steering (P-EPS), rack assisted<br />
power steering system (R-EPS), electronic hydraulic power steering (EHPS).<br />
On the basis of type of vehicle application, the global electronic power steering can be<br />
segmented as light motor vehicles (LMV), passenger cars, heavy motor vehicles (HMV),<br />
agricultural tractors, and special utility vehicles (cranes, sports cars, earth moving,<br />
military vehicles, etc.).<br />
The application of electronic power steering in passenger cars and LMV are expected to<br />
remain dominating due to wide production in this categories. Whereas, application in
Report Description<br />
heavy motor vehicles is expected to grow substantially.<br />
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Global <strong>Electronic</strong> <strong>Power</strong> <strong>Steering</strong> <strong>Market</strong>: Region-wise Outlook<br />
The global electronic power steering (EPS) or electric power assisted steering (EPAS)<br />
market is segmented into 5 key regions, namely North America, Latin America, Middle<br />
East & Africa, Asia-Pacific and Europe. Asia-Pacific is expected to attain high growth rate<br />
because of large production of automobiles in this region. Whereas, Europe and North<br />
America is expected to have saturated market growth rate due to mature automobile<br />
market.<br />
Global <strong>Electronic</strong> <strong>Power</strong> <strong>Steering</strong> <strong>Market</strong>: Key Players<br />
The major key players in global electronic power steering market includes companies<br />
like Robert Bosch Automotive <strong>Steering</strong> GmbH, Mitsubishi Electric Corporation, ZF<br />
Friedrichshafen Group, Nexteer Automotive, NSK Global, JTEKT Corporation, SHOWA<br />
Corporation, thyssenkrupp Presta AG, Mando Corporation, Hyundai Mobis, Zhuzhou<br />
Elite Electro Mechanical Co. Ltd.<br />
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Report Description<br />
Pycnogenol <strong>Market</strong>: Key Players<br />
Pycnogenol market is concentrated to specific regions, and majority of the market<br />
volume is produced by few major players. Leading players in the pycnogenol market,<br />
across the value chain are Horphag Research Inc., Herbspro (Distributor), Superior<br />
Supplement Manufacturing, Sun Pharmaceuticals, Alkem Laboratories, Ochoa<br />
Laboratories, Amlin Health LLC, Sceletium ZA and Nourish Pharmaceutical Pvt. Ltd.<br />
Horphag Research Inc. is the market leader, and exclusive supplier of pycnogenal.<br />
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