Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Automotive Electric Power Steering Market Research | Page 2

efficiency, better is the conversion of steering rotation into wheel movement, thus requiring
lesser effort. On the basis of mechanism, the collapsible variety is more preferred, owing to
reduced chances of serious injuries to passengers. On the basis of fuel used, petrol and diesel-
powered cars use electric power steering technology, extensively. However, electric powered
vehicles and hybrids generally adapt better to the electric power steering technology, owing to
the better integration of this system with the automobile functionality.
Regional Analysis of Automotive Electric Power Steering Market:
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and
Rest of the World. The North America market (the U.S. and Canada, in particular), has shown a
healthy upward trend in the research & development and adoption of self-driving cars. The
electric power steering mechanism aids the smooth movement of these self-driving
automobiles, thus, having a strong growth prospect in this market. The Asia Pacific market is
expected to be the next global automotive hub owing to the rising income and purchasing
power of the middle class. The electric power steering system can be adopted in all segments of
automobiles (high, medium, and low), thus, bringing down the production cost due to mass
production. The Europe region has the maximum variety of technologically superior cars where
in, the vehicle functioning is further enhanced using this system.
The Key Players In Automotive Electric Power Steering Market Are:
Delphi Automotive (U.K), Mando Corporation (South Korea), Robert Bosch GmbH (Germany),
KSR International Company (Canada), Mitsubishi Electric Corporation (Japan), Showa
Corporation (Japan), JTEKT Corporation (Japan), Hitachi Automotive Systems Ltd. (U.S.), Sona
Koyo Steering Systems Ltd. (India), Nexteer Automotive (U.S.), Federal-Mogul (U.S.), Hyundai
Mobis (South Korea), NSK Ltd. (Japan), TRW Automotive (U.S.), and Thyssenkrupp AG
(Germany), among others.
The report for Global Automotive Electric Power Steering Market of Market Research Future
comprises of extensive primary research along with the detailed analysis of qualitative as well
as quantitative aspects by various industry experts, key opinion leaders to gain the deeper
insight of the market and industry performance. The report gives the clear picture of current
market scenario which includes historical and projected market size in terms of value and
volume, technological advancement, macro economic and governing factors in the market. The
report provides details information and strategies of the top key players in the industry. The
report also gives a broad study of the different market segments and regions.
Get Complete Report Details of Automotive Electric Power Steering Market @
https://www.marketresearchfuture.com/reports/automotive-electric-power-steering-market-
5743