QYResearch: The global market for Automotive Electronic Power Steering System is expected to reach about 28655 M USD by 2021
Automotive Electronic Power Steering System is a very popular steering system, a power steering system that directly relies on the motor to provide auxiliary torque; Currently, most of the vehicle are installed the electronic power steering system, and the electronic power steering system can reduce about 5% fuel consumption.
According to QYResearch, The global production of the automotive electronic power steering system is about 58 million units, the CAGR is 8%, the Europe is the largest production region, it occupies about 34% market share in 2015, the North America occupies about 19% market share, the JP&KR occupies about 21% market share；
The global consumption of the automotive electronic power steering system is about 58 million units, the CAGR is 8%, the Europe is the largest production region, it occupies about 31% market share in 2015, the North America occupies about 20% market share, the JP&KR occupies about 20% market share;
The average price of the automotive electronic power steering system is about 323 usd per unit, the price shows downstream trend, the gross margin is about 21.78 in 2015, it has the similar trend with price;
In the future, the total install ratio will still have increase trend, and it will have great influence on the reduce of fuel consumption.
Complete report is available at http://www.qyresearchglobal.com/goods-1131003.html
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