Dublin, Feb. 02, 2024 (GLOBE NEWSWIRE) -- The "Global Electro Hydraulic Power Steering (EHPS) Market (2023-2028) by Component Type, Motor Type, Vehicle Type, and Geography, Competitive Analysis, Impact of Covid-19, Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The comprehensive landscape of the Global Electro-Hydraulic Power Steering (EHPS) Market has been examined in a new, pivotal research publication. This report encompasses component type, motor type, vehicle type, and geographic regions, offering an incisive competitive analysis and a detailed study of the impact of Covid-19 on the market.
Key Market Dynamics
The study identifies crucial driving forces, such as the escalating regulatory push towards more efficient technologies, initiatives by OEMs to diminish vehicle complexity, and increasing vehicle production rates. However, the market faces restrictions, such as the higher cost of EPS systems and challenges posed by the shortage of steering fuel and the limitations in the load-bearing capacity of EPS systems.
Expanding Horizons Through Market Opportunities
Lucrative opportunities identified within the report include the adoption of steer-by-wire technology, penetration of EPS into the commercial vehicle segment, and integration of ADAS features into EPS systems. These innovations are pivotal growth corridors that are shaping the future dynamics of the automotive industry.
Market Divisions and Competitive Outlook
Divided into key segments based on component and motor types, as well as vehicle type, the EHPS market's geographic segmentation includes insights into developed and emerging markets such as the Americas, Europe, Middle East and Africa, and Asia-Pacific. Noteworthy developments in the sector include advancements in Brake Steer systems by CNXMotion and strategic business reorganizations by key players such as Hyundai Mobis, enhancing focus on electric vehicle production.
Market Strategy Analysis
Strategies for market growth are backed by a detailed Ansoff matrix analysis within the report. This strategic tool facilitates companies in developing market growth plans by evaluating different approaches such as market development, market penetration, product development, and diversification. The research also leverages Porter's 5 forces, PESTLE analysis, and proprietary tools to assess the competitive positioning of key market players, thereby informing stakeholders about current market strategies and potential entry points.
Essential in-Depth Insights
This report is an indispensable tool for companies seeking a nuanced understanding of the market's landscape, bolstering decision-making with its in-depth qualitative analysis, authentic data sources, and robust market size projections. A thorough regulatory scenario helps businesses navigate the complex legislative context of the industry across various geographies, ensuring informed decision-making.
- Extensive qualitative and quantitative analysis
- Insights into parent industry trends and dynamics
- Detailed segmentation and market dynamics
- Projection of market size with a historical and current perspective
- Strategies of key players and product offerings
- Market shares and strategic recommendations for new entrants
- Comprehensive analysis of market growth bleprints
The report encapsulates the richness of the Global Electro-Hydraulic Power Steering Market, offering stakeholders a solid foundation for strategizing and capitalizing on the market's evolving trajectory.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 228 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $26.51 Billion |
| Forecasted Market Value (USD) by 2028 | $37.01 Billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
Companies Mentioned
- Bosch Mobility Solutions
- Hitachi Astemo, Ltd.
- Hycet Technology Co. Ltd
- Hyundai Mobis
- JTEKT Corporation
- KYB Corporation
- Mando Corporation
- Mitsubishi Electric
- Nexteer Automotive
- NSK Steering Systems Co. Ltd.
- Robert Bosch GmbH
- Thyssenkrupp
- ZF Friedrichshafen AG
For more information about this report visit https://www.researchandmarkets.com/r/q00g3h
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