Electric Power Steering (EPS) is the latest technology in the field of Automobile industry. Compared to the traditional steering system, EPS enhance the driving experience for car drivers and also increases the fuel efficiency. Many car manufacturing companies are offering EPS technology in their cars.
EPS helps to prevent wheel from transferring load to steering column, reduces emission due to vehicle fuel efficiency and helps to enhance safety and steering control are the major drivers which help in surging the growth of this market whereas EPS is costly compared to traditional hydraulic steering system which acts as a restraining factor for the growth of Light Commercial Vehicle EPS market. Introduction of brushless motor technology and the development of lightweight electric power steering will add new opportunities for this market in the coming years.
Studying and analyzing the impact of Coronavirus COVID-19 on the Light Commercial Vehicle EPS industry, the report provides in-depth analysis and professional advices on how to face the post COIVD-19 period.
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The global Light Commercial Vehicle EPS market has been segmented into five major regions: North America, Europe, APAC, MEA, and SAM. APAC holds the dominant share in the Light Commercial Vehicle EPS market and it is expected to be the fastest-growing region in the global market in forecasted period. Governments of various countries are supporting local manufacturers to enhance automotive sector in the country which is bolstering the market growth.
The Top Companies in the Light Commercial Vehicle EPS market include: – JTEKT Corporation., Robert Bosch GmbH, NSK Ltd., ZF Friedrichshafen AG, Nexteer Automotive, Hyundai Mobis Co., Ltd., SHOWA CORPORATION., Mando Co., Ltd., Hitachi Automotive Systems, Ltd. and Federal-Mogul LLC.
The above listing of key players is derived by considering multiple factors such as overall revenue, current Light Commercial Vehicle EPS portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities.
Global Light Commercial Vehicle EPS Market: Applications and Types
Covid-19 Impact and Global Analysis – by Type (Column EPS, Pinion EPS, Dual Pinion EPS, Offset Ball Screw EPS and Direct Drive EPS); and Component (Steering Wheel, Steering Column, Steering Gear and Steering Linkage)
Highlights key business priorities in order to assist companies to realign their business strategies.
– The key findings and recommendations highlight crucial progressive industry trends in the in-Light Commercial Vehicle EPS 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 global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
– Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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Some Point from Table of Content:
Global Light Commercial Vehicle EPS Market Analysis, Key Company Profiles, Types, Applications and Forecast to 2028
1 Light Commercial Vehicle EPS Market – Research Scope
2 Light Commercial Vehicle EPS Market – Research Methodology
3 Light Commercial Vehicle EPS Market Forces
4 Light Commercial Vehicle EPS Market – By Geography
5 Light Commercial Vehicle EPS Market – By Trade Statistics
6 Light Commercial Vehicle EPS Market – By Type
7 Light Commercial Vehicle EPS Market – By Application
8 North America Light Commercial Vehicle EPS Market
9 Europe Light Commercial Vehicle EPS Market Analysis
10 Asia-Pacific Light Commercial Vehicle EPS Market Analysis
11 Middle East and Africa Light Commercial Vehicle EPS Market Analysis
12 South America Light Commercial Vehicle EPS Market Analysis
13 Company Profiles
14 Market Forecast – By Regions
15 Market Forecast – By Type and Applications
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