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Electric Power Steering Market - Top Companies and Manufacturers

  • Report ID: 4791
  • Published Date: Oct 09, 2024
  • Report Format: PDF, PPT

Companies Dominating the Electric Power Steering Landscape

    • Robert Bosch LLC
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Mitsubishi Electric Corporation
    • ZF Friedrichshafen AG
    • Nexteer Automotive Corporation 
    • HELLA GmbH & Co. KGaA
    • Volkswagen AG
    • thyssenkrupp AG
    •  Sensata Technologies, Inc.
    • NXP Semiconductors
    • Honeywell International Inc.
Browse Key Market Insights with Data Illustration:

In the News

  • June, 2019- The new production facility of Nexteer Automotive, a world authority on intuitive motion control, was officially opened in Liuzhou, China's Liudong New District. Participants in the ceremony were Nexteer Automotive management, customers, and leaders from Liuzhou Government and Liudong New District.
  • May,2020- WABCO was purchased by ZF Friedrichshafen AG for USD 7 billion. The Commercial Vehicle Control Systems Division of WABCO has now been incorporated into ZF, and together with WABCO, ZF will create a global integrated system for commercial vehicle technology. In the past, WABCO and ZF collaborated to create systems like Evasive Maneuver Assist for commercial trucks to reduce collisions. Additionally, ZF had relied heavily on WABCO as a supplier f braking systems.

Author Credits:  Dhruv Bhatia


  • Report ID: 4791
  • Published Date: Oct 09, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of electric power steering is estimated at USD 27.72 billion.

The electric power steering market size was over USD 26.47 billion in 2024 and is poised to cross USD 55.77 billion by the end of 2037, witnessing more than 5.9% CAGR during the forecast period i.e., between 2025-2037. Increasing demand in fuel efficient cars, penetration in commercial vehicles, increasing investments in product development will boost the market growth.

Asia Pacific industry is likely to hold largest revenue share 37% by 2037, backed by increased vehicle production in developing countries like China, India, Japan and South Korea.

The major players in the market are Mitsubishi Electric Corporation, ZF Friedrichshafen AG, Nexteer Automotive Corporation ,HELLA GmbH & Co. KGaA, Volkswagen AG, thyssenkrupp AG, Sensata Technologies, Inc., NXP Semiconductors, Honeywell International Inc., JTEKT Corporation and others.
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