Electric Power Steering Replacing Hydraulic Steering In Automotive Industry

Electric Power Steering Replacing Hydraulic Steering In Automotive Industry


electric past airings of small EPS an electric power steering has been replacing hydraulic power steering and these chairing uses electric motor and sensor and removes was triumphant pulley pump the electric steering market can be segmented time and vehicle take on the will of tiny it can be divided to see epsp EPS and our atheist see EPS has the guard for the largest market share will thousand fifteen with the share of 40.4% and it is expected to grow as CAGR or 6.8% during the focus period electric steering is mostly used in passenger cars and commercial vehicles and on the basis of a multi-faceted car has gone for the largest market share in 2015 with the share of seventy seven point three percent also the triangles of electric steering market are high fuel efficiency growth in the automotive sector market an increasing disposable income from the asia-pacific region will be strains of the electric steering market is cost of servicing and replacement cost is very expensive asia-pacific has emerged in the fastest growing region the electric steering market majorly due to increasing population increasing responsibility to come and change in neck strength asia-pacific has the card for the largest market share in 2015 with the share of forty four point eight percent and it is expected to grow as CAGR of 85 to 2% and your second largest market in 2015 so the major players in the electric steering market are JD KT corporation Robert Bosch automotive steering GmbH let us see other the automotive holdings nsk a limited mixture Automotive Group Limited for more information log in to our website www.investmentpitch.com i don’t forget to subscribe [Music]


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