The electronic power steering market in Europe is expected to grow from US$ 12,256.23 million in 2019 to US$ 12387.43 million by 2027; it is estimated to grow at a CAGR of 3.2% from 2020 to 2027.
According to The Business Market Insights Europe Electronic Power Steering Market report 2027, discusses various factors driving or restraining the market, which will help the future market to grow with promising CAGR. The Europe Electronic Power Steering Market Research Reports offers an extensive collection of reports on different markets covering crucial details. The report studies the competitive environment of the Europe Electronic Power Steering Market is based on company profiles and their efforts on increasing product value and production.
The integration of IoT in the cars is the next big digital development that persists in the automotive industry. This fact will result in bringing another revolution via the introduction of autonomous vehicles. The self-driving cars/autonomous vehicles that integrates an EPS system to further boost the driving experience of the driver. The quick development of connected cars offers opportunities to both the automotive industry and tech companies. The factor described above of autonomous vehicles is projected to contribute towards the use of EPS in the vehicles.
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Some of the companies competing in the Europe Electronic Power Steering Market are
- HYUNDAI MOBIS
- JTEKT Corporation
- Mando Corporation
- Mitsubishi Electric Corporation
- Nexteer Automotive
- NSK Ltd.
- Robert Bosch GmbH
- SHOWA CORPORATION
- thyssenkrupp AG
- ZF Friedrichshafen AG
Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 pandemic on the regional Europe Electronic Power Steering Market is included in the present report. The influence of the novel coronavirus pandemic on the growth of the Europe Electronic Power Steering Market is analyzed and depicted in the report.
Regional Europe Electronic Power Steering Market Research Report 2027 carries in-depth case studies on the various countries which are involved in the Europe Electronic Power Steering Market. The report is segmented according to usage wherever applicable and the report offers all this information for all major countries and associations. It offers an analysis of the technical barriers, other issues, and cost-effectiveness affecting the market. Important contents analyzed and discussed in the report include market size, operation situation, and current & future development trends of the market, market segments, business development, and consumption tendencies.
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Reasons for buy this Report
- Highlights key business priorities to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Europe Electronic Power Steering market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth regional market trends and outlook coupled with the factors driving the market, as well as those hindering it.
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