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Automotive & Transportation

Market Research Reports & Consulting

Electric Power Steering Market by Type (Column Assist Type, Pinon Assist Type), By Component (Steering Wheel, Column), by Electric Motor Type (Brushed Direct Current Motor, BLDC Motor), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast 2019 to 2027

The Global Electric Power Steering Market is projected to reach around USD 42.5 billion by 2027 at a CAGR of around 6.2%, says forencis research (FSR). Electric power steering (EPS) operates on an electric motor that is attached to the steering rack via gear mechanism for driving a vehicle instead of hydraulic power steering (HPS) systems where a pump is used. The pump is continuously running even when the steering wheel is not in use, which results in more fuel consumption. In EPS mechanism, the load on the engine utilizes only when the steering wheel is turned which results in less fuel consumption. Moreover, the EPS system excludes many HPS components like fluid, drive belt, pump, hoses, and others which results in being smaller and lighter systems.

March, 2020 | Price: $ 5600 $ 4500

Electric Vehicles Market by Type (BEV,FCEV,PHEV & HEV), by Charging type (RAPID,FAST & SLOW), by Battery type (Lithium Ion Batteries, Lead Acid Batteries), by End-Use Industry (LCV & HCV) by Region (Asia-Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast From 2019 To 2024

The global electric vehicles market is estimated to reach USD 477.3 billion in 2024 at a CAGR of 22.8%. Taxation benefit on electric car loans and supportive government subsides are expected to drive the electric vehicles market during the forecast period. However, increasing focus on sustainability is expected to become an opportunity for electric vehicles market.

December, 2019 | Price: $ 5600 $ 4500