Last Updated: 23-07-2025 | Format: PDF | Report ID:1199 | Author: Raj K
| Key Market Question | Answer |
|---|---|
| What is the market size in 2025? | Revenue (USD Million) |
| What is the projected market size by 2035? | $7,400 Million |
| What is the market CAGR from 2025 to 2035? | 7.5% |
| Which region dominates the market? | Midwest (40%) |
| Which product/service type dominates the market? | Rack Assist EPS (48%) |
| Which application leads the market? | Passenger Vehicles (55%) |
| Who are the major buyers? | Large OEMs (65%), Aftermarket/Retailers (25%) |
| What are the key market growth drivers? | Growing adoption of EPS to meet stringent emission regulations and improve fuel efficiency; Surge in demand for advanced driver assistance systems (ADAS) integration |
| What are the major market challenges? | High initial integration and calibration costs for advanced EPS systems; Technical complexities related to enhanced software and cybersecurity in connected EPS |
Study period:
2020-2035
Base year:
2026
Historical data
2020-2024
NO OF PAGE:
167
What You Get:
| What is the forecast period? | 2026–2035 |
| Who are the key market players? | JTEKT Corporation, Robert Bosch GmbH, Nexteer Automotive, NSK Ltd., ZF Friedrichshafen AG, Showa Corporation, ThyssenKrupp AG, Mando Corporation, Hyundai Mobis, Hitachi Automotive Systems, Knorr-Bremse AG, MOBIS Parts Australia (MPA), GKN Automotive, Sona Koyo Steering Systems Ltd., Rane Group |
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