Safety Concerns Triggering the Demand for Advanced Electric Power Steering Systems The key players in this market are Robert Bosch (Germany), Delphi (UK), Mitsubishi Electric (Japan), JTEKT (Japan), Nexteer (US), ZF TRW (Germany), ThyssenKrupp (Germany), NSK (Japan), Showa (Japan), Hyundai Mobis (South Korea), GKN (UK), and Federal-Mogul (US). The global electric power steering market is estimated to be USD 25.83 Billion in 2017 and is projected to grow to USD 42.01 Billion by 2025, at a CAGR of 6.27%. The key growth drivers for the market are the increasing number of government norms and mandates related to fuel-efficient technologies, measures taken by OEMs worldwide to reduce the weight and complexity of their vehicles, and the globally increasing vehicle production. Download PDF Brochure @ https://bit.ly/2sA29du , Electric power steering market, By Type- 1.Rack assist type (REPS) 2.Colum assist type (CEPS) 3.Pinion assist type (PEPS) The Asia Pacific is estimated to lead this marke
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Showing posts from December, 2018