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Automotive Electric Power Steering Systems Market Growth, Analysis, Industry Trends, Size, Shares, Forecast to 2024

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“Automotive Electric Power Steering Systems Market” Report available at Analytical Research Cognizance. This report contains detailed information on clientele, applications and contact information.

Automotive Electronic Power Steering System is a very popular steering system, a power steering system that directly relies on the motor to provide auxiliary torque; Currently, most of the vehicle are installed the electronic power steering system, and the electronic power steering system can reduce about 5% fuel consumption.
The global production of the automotive electronic power steering system is about 58 million units, the CAGR is 8%, the Europe is the largest production region, it occupies about 34% market share in 2015, the North America occupies about 19% market share, the JP&KR occupies about 21% market share.

According to this study, over the next five years the Automotive Electric Power Steering Systems market will register a 8.4% CAGR in terms of revenue, the global market size will reach US$ 30600 million by 2024, from US$ 20400 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Automotive Electric Power Steering Systems business, shared in Chapter 3.

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This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Electric Power Steering Systems market by product type, application, key manufacturers and key regions and countries.

This study considers the Automotive Electric Power Steering Systems value and volume generated from the sales of the following segments:

Segmentation by product type:

Segmentation by application:
Passenger Vehicle
Commercial Vehicle

This report also splits the market by region:
United States
Southeast Asia
Middle East & Africa
South Africa
GCC Countries

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.

The key manufacturers covered in this report:

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives:
To study and analyze the global Automotive Electric Power Steering Systems consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Automotive Electric Power Steering Systems market by identifying its various subsegments.
Focuses on the key global Automotive Electric Power Steering Systems manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Automotive Electric Power Steering Systems with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Automotive Electric Power Steering Systems submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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Major Point of TOC:

Chapter One: Scope of the Report

Chapter Two: Executive Summary

Chapter Three: Global Automotive Electric Power Steering Systems by Players

Chapter Four: Automotive Electric Power Steering Systems by Regions

Chapter Five: Americas

Chapter Six: APAC

Chapter Seven: Europe

Chapter Eight: Middle East & Africa

Chapter Nine: Market Drivers, Challenges and Trends

Chapter Ten: Marketing, Distributors and Customer

Chapter Eleven: Global Automotive Electric Power Steering Systems Market Forecast

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