The global Power Assisted Steering Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027. Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the power assisted steering market include JTEKT Corporation, SHOWA Corporation, Nexteer Automotive, NSK Steering Systems Co., Ltd., Mando Corp, ZF Friedrichshafen AG, and Robert Bosch GmbH. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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The key driving factors for power-assisted steering market growth are enhanced fuel efficiency, less CO2 emission, fewer moving parts, less complexity, and no fluid. Moreover, manufacturers of power-assisted steering are continuously improving their steering systems for better operational efficiency. Since the power-assisted steering system is light in weight, it reduces the overall weight of vehicles, thereby increasing the demand for such vehicles. Furthermore, an upsurge in vehicle production is also a major factor contributing to the power steering market. However, the high cost of a power-assisted steering system in comparison to a conventional steering system and less steering feel may hamper the growth of the power-assisted steering market.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of power assisted steering. The growth and trends of power assisted steering industry provide a holistic approach to this study.
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This section of the power assisted steering market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Propulsion Type
By Sales Channel
This section covers the regional outlook, which accentuates current and future demand for the Power Assisted Steering market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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