Press release
Active Power Steering Market Expecting Huge Demand in Upcoming Years
Active Power Steering Market
Active Power Steering Market is estimated to increase at a growth rate of 7.2% CAGR over the forecast period from 2024 to 2030.
Key Players in This Report Include:
Volkswagen (Germany), AB Volvo (Sweden), BMW AG (Germany), Activepowersteering (Australia), NSK (Japan), Ognibene Power SPA (Italy), SKF (Sweden), Bosch (Germany), Knorr-Bremse (Germany), Nexteer (United States)
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Active Power Steering Market Overview in 2024
Active power steering is a system in automobiles, in which the driver has a relationship with the wheels. It can also be called technology or a technique by which the action done on the steering is directly proportional to the wheels. It allows the driver to make the vehicle track or follow a desired path or trajectory without requiring any extra physical effort. More overly, it helps the driver to make its own point of view while driving and also helps him or her to judge the condition of the road or a track. Increasing sales of smart automobiles in both developed as well as developing nation is boosting the environment.
Market Segmentation and Scope:
by Type (Combined with electric steering systems, Combined with hydraulic power steering systems), Application (Light Trucks, Medium Trucks, Heavy Trucks, Buses, Other), Sensor Type (Torque Sensor, Rotational Angle Sensor, Vehicle Speed Sensor), Vehicle Type (Light Commercial Vehicle (LCV), Medium Commercial Vehicles (MCV), Heavy Commercial Vehicle (HCV))
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The report covers the competitive analysis of the market. The report identifies the most promising growth opportunities across the 6 regions and 24 countries. This section exclusively shares insight into the growth strategies of the largest market share holders helping key players and new entrants understand the investment potential in the Global Active Power Steering Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.
Regional Analysis:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Furthermore, the years considered for the study are as follows:
Historical year - 2018-2023
Base year - 2023
Forecast period - 2024 to 2030
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Major Highlights of TOC:
Chapter 1: Overview of the Global Active Power Steering Market in 2024
1.1 Active Power Steering Industry Analysis
1.2 Key Companies and Product Profiles
1.3 Active Power Steering Market Segments
1.4 Industry Value Chain Analysis
1.5 Market Dynamics- Trends, Drivers, and Opportunities
1.6 Pricing Analysis
1.7 Porter's Five Forces Analysis
1.8 SWOT Profile
1.9 Macro-Economic and Demographic Impact Analysis
1.10 Scenario Analysis
Chapter 2: Global Active Power Steering Demand Forecasts
2.1 Overview of the Segment
2.2 Global Historic Active Power Steering Market Size (2018-2023) by Types, Applications, and Other Segments
2.3 Global Forecast Active Power Steering Market Size (2024-2030) by Types, Applications, and Other Segments
Chapter 3: Segment-wise Active Power Steering Market Forecasts
3.1 Key Market Segments
3.2 Premium Insights- Largest Types, Applications and Segments
3.3 Premium Insights- Most Lucrative Types, Applications, and Segments
Chapter 4: Active Power Steering Market Outlook by Country
4.1 Active Power Steering Market by Regions
4.2 Active Power Steering Market Revenue Share by Region
4.3 North America (US, Canada, Mexico)
4.4 Europe (Germany, UK, France, Spain, Italy, Russia, Others)
4.5 Asia Pacific (China, Japan, India, South Korea, Australia, South East Asia, Others)
4.6 Latin America (Brazil, Argentina, Chile, Others)
4.7 Middle East and Africa (Saudi Arabia, UAE, Qatar, South Africa, Nigeria, Egypt, Others)
Player Analysis in Chapter Five
5.1 Players' Market Share Analysis (2023)
5.2 Regional Market Concentration Rates
5.3 Business Profiles, SWOT Analysis, Financial Details, Product Portfolio of Companies
..........continued
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