United Kingdom Automotive EPS Market Outlook
According to a new report by Expert Market Research titled “United Kingdom Automotive EPS Market Size, Share, Analysis, Report, Demand, Forecast 2024-2032″, the market is projected to grow at a CAGR of 6.10% between 2024 and 2032. Aided by the increasing the country’s technological advancements and regulatory policies, the market is expected to grow significantly by 2032.
EPS systems, which replace traditional hydraulic steering systems, are increasingly preferred in modern vehicles for several reasons. They enhance steering performance, offer better fuel efficiency, and provide a more responsive steering feel. EPS systems are essential in the current automotive landscape, especially with the increasing penetration of advanced driver-assistance systems (ADAS) and the move towards autonomous vehicles.
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/united-kingdom-automotive-eps-market/requestsample
The surge in electric vehicle (EV) production and the gradual shift towards autonomous vehicles are significantly impacting the United Kingdom automotive EPS market outlook. EPS is an essential component in EVs due to its efficiency and battery-saving characteristics. Additionally, the integration of EPS with autonomous vehicle technology is crucial for the development of safe and reliable self-driving cars.
Innovations in EPS technology, such as the development of steer-by-wire systems, are set to redefine the steering mechanisms in modern vehicles. These advancements are likely to offer even greater precision, safety, and compatibility with future automotive technologies. This will likely increase the United Kingdom automotive EPS market size.
Looking towards 2032, the UK automotive EPS market is expected to continue its growth trajectory, driven by ongoing technological advancements, increased adoption in new vehicle segments, and the evolving automotive landscape. The United Kingdom automotive EPS market demand in the future is likely to be propelled by the industry’s ability to address the current challenges, adapt to the rapidly changing automotive technologies, and meet the growing demands for efficient and safe steering systems.
The UK automotive EPS market is at a pivotal point, with vast potential for growth and innovation. As the automotive industry continues its shift towards electrification and automation, EPS systems will play an increasingly crucial role in the future of vehicle design and functionality. The market’s growth trajectory is set to be influenced by a blend of technological advancements, regulatory policies, and consumer preferences, making it a key area to watch in the coming years.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/united-kingdom-automotive-eps-market
United Kingdom Automotive EPS Market Segmentation
The market can be divided based on product type, component type, vehicle type, and sales channel.
Market Breakup by Product Type
- Rack Assist Type (REPS)
- Column Assist Type (CEPS)
- Pinion Assist Type (PEPS)
Market Breakup by Component Type
- Steering Rack/Column
- Sensor
- Steering Motor
- Others
Market Breakup by Vehicle Type
- Passenger Cars
- Commercial Vehicles
Market Breakup by Sales Channel
- Original Equipment Manufacturer (OEM)
- Aftermarket
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the market. Some of the major players explored in the report by Expert Market Research are as follows:
- Robert Bosch GmbH
- Hitachi Limited
- Infineon Technologies AG
- Mitsubishi Electric Corporation
- ZF Friedrichshafen AG
- BMW AG
- GKN Automotive Limited
- JTEKT Corporation
- NSK Ltd.
- Hyundai Motor Company
- Others
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.
Don’t miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.
Media Contact:
Company Name: Claight Corporation
Contact Person: Edward Dugger, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
