Dublin, Nov. 30, 2015 (GLOBE NEWSWIRE) -- Research and Markets ( http://www.researchandmarkets.com/research/32...l_electric ) has announced the addition of the "Global Electric Power Steering (EPS) Market 2015-2019" report to their offering.
Emerging economies such as China, Brazil and India are poised to become prominent automotive markets globally in the coming years. They are experiencing rapid expansion and growth in terms of economy and infrastructure. The report predicts this to have a significant influence on the demand for vehicles fitted with EPS systems.
According to the report, the growth of the market is attributed to the increase in demand for passenger cars fitted with EPS systems. Countries worldwide are implementing stringent regulations to reduce/control vehicle emission levels. The fuel economy of EPS-fitted cars is higher than that of hydraulic steering-fitted cars. The market is forecasted to grow at a CAGR of 8.63% over the period 2014-2019. Further, the report states that the main constraint on the market is that vendors have to grapple with the rising cost of raw materials. This adds to their production costs, but vendors or manufacturers are unable to pass this extra cost on to customers because of the intensely competitive nature of the market. This negatively affects their profit margins.
Key Questions Answered in this Report:
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Key Topics Covered: 01. Executive Summary
02. List of Abbreviations
03. Scope of the Report 04. Market Research Methodology
05. Introduction
06. Market Landscape 07. Market Segmentation by Technology 08. Geographical Segmentation 09. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Trends and their Impact
16. Vendor Landscape 17. Key Vendor Analysis 18. Other Reports in this Series Companies Mentioned:
- JTEKT Corp.
- Mitsubishi Electric Corp.
- Nexteer Automotive
- NSK Limited
- TRW Automotive
- Bosch Corporation
- China Automotive Systems Inc.
- Continental AG
- Delphi Automotive
- Federal-Mogul Corp.
- Mando Corp.
- Showa Corpms
For more information visit http://www.researchandmarkets.com/research/32...l_electric
CONTACT: Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 Sector: Electricity
