Electric Power Steering Motors Market – Business Opportunities and Global Forecast to 2028

In an upcoming market research study, Future Market Insights (FMI) lays bare undercurrents and opportunities prevailing in the global Electric Power Steering Motors market. The report provides in-depth insights on the Electric Power Steering Motors market through a detailed analysis of key growth drivers, restraints, trends, challenges, and revenue growth based on historical data. Valuable information and forecast statistics covered in the Electric Power Steering Motors market report will help existing and potential new market players to craft long-term strategies as well as maintain business continuity during a crisis.

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COVID-19 Impact Analysis

As with many industries, the recent outbreak of the COVID-19 has adversely affected the global automotive & transportation industry. The Electric Power Steering Motors market is no exception. Following government’s measures, particularly social distancing norms and shelter-in-place orders, companies active in the Electric Power Steering Motors market have put their production on a halt. Additionally, movement restrictions have created a logistical nightmare for market players, while the lack of ‘essential’ status caused a decline in sales.

The FMI’s report covers an exclusive chapter on the initial COVID-19 impact on the Electric Power Steering Motors market. This allows both incumbent companies and new entrants to understand the market scenario during a crisis and helps them make sound decision to gain a distinct competitive edge.

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Electric Power Steering Motors Market: Competition Analysis

The FMI’s study presents an extensive analysis of global, regional, and country-level players operating in the Electric Power Steering Motors market based on their innovative launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Electric Power Steering Motors market report.

Examples of some of the market participants operating in the global electric power steering motors market include:

  • Robert Bosch GmbH
  • Johnson Electric Holdings Limited
  • LG Innotek
  • Nidec Corporation
  • SKF Group
  • MAHLE GmbH
  • STMicroelectronics

 Electric Power Steering Motors Market: Segmentation

To analyze the Electric Power Steering Motors market effectively and efficiently, the information has been segregated into key segments and sub-segments.

Based on vehicle type, the global electric power steering motors market has been segmented as:

  • Passenger Cars
  • Light Commercial Vehicles (LVC)
  • Heavy commercial Vehicles (HCV)
  • Off-Highway Vehicles

Based on product type the global electric power steering motors market has been segmented as:

  • AC Motors
  • DC Motors

Based on sales channel the global electric power steering motors market has been segmented as:

  • Original Equipment Manufacturers (OEM)
  • Aftersales

Based on motor power the global electric power steering motors market has been segmented as:

  • Less than 300 Watts
  • 300 – 600 Watts
  • More than 600 Watts

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Crucial Questions Answered in the Report

  • Which end-use industry remains the top consumer of Electric Power Steering Motors in different regional markets?
  • At what rate has the global Electric Power Steering Motors market been expanding during the forecast period?
  • How will the global Electric Power Steering Motors market look like by the end of the forecast period?
  • What innovative technologies are the Electric Power Steering Motors market players adopting to stay ahead of the pack?
  • What are the restraints affecting the growth of the global Electric Power Steering Motors market?

Key Offerings of the Report

  • Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
  • Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
  • Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
  • Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
  • Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Electric Power Steering Motors market

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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