Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

North America Electric Power Steering Market Analysis

Electric power steering (EPS) systems provide significant fuel efficiency gains by eliminating belt-driven hydraulic or manual pumps that run continuously, regardless of the need for steering assistance. EPS can save up to 0.4 litres of fuel per 100 kilometres travelled and reduce CO2 emissions by up to 7 grams per kilometre.

 

The North America electric power steering market dynamics and trends are being driven by its benefits in enhancing fuel efficiency, reducing weight, and improving steering feel. EPS also provides greater reliability, design flexibility, and speed-dependent assistance. Additionally, it reduces environmental impact, noise, and maintenance costs, while incorporating advanced safety features for an improved driving experience.

 

North America Electric Power Steering Market Report Snapshots

North America Electric Power Steering Market Size

North America Electric Power Steering Market Growth

North America Electric Power Steering Market Analysis

North America Electric Power Steering Market Share

North America Electric Power Steering Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

Looking for specific insights?

Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!

Outline the Scope

Key Questions Answered in the Report

The market is estimated to be valued at USD 6.26 billion in 2023.

The North America electric power steering market is assessed to grow at a CAGR of 4.1% between 2024 and 2032.

The electric power steering market is expected to grow significantly to reach USD 8.99 billion in 2032.

The market is categorised according to its product type, which includes rack assist type (REPS), column assist type (CEPS), and pinion assist type (PEPS).

The competitive landscape consists of Mitsubishi Electric Corporation, Robert Bosch GmbH, Denso Corporation, JTEKT Corporation, NSK Ltd., thyssenkrupp AG, ZF Friedrichshafen AG, Knorr-Bremse AG, Dowlais Group Plc (GKN Automotive Ltd.), Nexteer Automotive Corporation, and others.

The market is driven by factors that include evolving consumer preferences, leveraging digital platforms and natural ingredient trends, among others.

The market is categorised according to its component, which includes steering rack/column, sensors, electric motor, and others.

Direct Adaptive Steering employs electronic signals to transmit driver steering inputs more rapidly than traditional mechanical systems. Simultaneously, this innovative system swiftly communicates road surface information to the driver in a manner that is both faster and more intuitive.

The market is broken down into the United States of America and Canada.

The market is categorised according to its vehicle type, which includes passenger cars and commercial vehicles.

Purchase Full Report

Datasheet

 

USD 2,199

USD 1,999

tax inclusive*

Get Started
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

One User

USD 3,299

USD 2,999

tax inclusive*

Get Started
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

Five Users

USD 4,399

USD 3,999

tax inclusive*

Get Started
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

Unlimited Users

USD 5,499

USD 4,999

tax inclusive*

Get Started
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

How To Order

Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.

Select License Type

Choose the right license for your needs and access rights.

Click on ‘Buy Now’

Add the report to your cart with one click and proceed to register.

Select Mode of Payment

Choose a payment option for a secure checkout. You will be redirected accordingly.

Strategic Solutions for Informed Decision-Making

Gain insights to stay ahead and seize opportunities.

Get insights & trends for a competitive edge.

Track prices with detailed trend reports.

Analyse trade data for supply chain insights.

Leverage cost reports for smart savings

Enhance supply chain with partnerships.

Connect For More Information

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

Request Brochure

We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.

Get To Know Us

Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.

Our Services

We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.

Markets We Cover
Back to top

We’re here to help answer any questions about our products and services.

Contact us

Get In Touch

Our Offices

Australia

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

India

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

Philippines

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.

+63-287-899-028, +63-967-048-3306

United Kingdom

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

United States (Head Office)

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

Vietnam

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124

Quick Links

Who We Are

What We Offer

 

© 2024 Claight Corp. All Rights Reserved

$getforecastarray = array(); if (isset($ismapshow)) { $forecast_period_start = isset($forecast_period_start) ? $forecast_period_start : ''; if ($forecast_period_start != "") { $yearInc = 1; for ($startfrom = $forecast_period_start; $startfrom <= $forecast_period_end; $startfrom++) { $calculatFercastYear=calculateFutureValue(($getReportDetail['base_value']> 0) ? $getReportDetail['base_value'] : 100, $getReportDetail['cagr'], $yearInc); $getforecastarray[] = array('years' => "$startfrom", 'value' => $calculatFercastYear); $yearInc++; } } } $getforecastarrayJson = json_encode($getforecastarray); ?>