Saturday 21 February 2015

High Innovation Rate Encouraging Growth Opportunities in the Global Electric Power Steering Market

Reportstack has announced a new market research report on the Global Electric Power Steering Market 2015-2019. Emerging economies such as China, Brazil, and India are experiencing rapid expansion and growth in terms of economy and infrastructure. These economies are poised to become prominent automotive markets globally in the coming years. This is also influencing the demand for vehicles fitted with EPS systems. Many automakers and component manufacturers are increasing their R&D spending to improve their product lines and bring in more technological innovations that would reduce/control emission levels. The market is expected to grow at a CAGR of 8.63 percent during the forecast period of 2014-2019. 
To access full report with TOC, please visit Global Electric Power Steering Market 2015-2019
Automakers are launching most models with EPS systems. These systems are compact in design and reduce mounting costs. They enable the usage of advanced driver assistance systems such as side-wind compensation, lane assist/keeping, and parking assistance systems. 
“The market is experiencing many changes and advances in technology in terms of the design of EPS systems as well as the quality,”. “Automotive original equipment manufacturers are investing in new technologies, and the integration of electronics into vehicles improves the functionality of several systems installed in cars.” 
To define the market conditions in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 
About Reportstack:
Reportstack is one of the leading distributors of market research reports in the world today. We host more than 200,000 research products from the world's top publication houses. These publications are distributed amongst 12 top industry verticals and 62 sub verticals, which are then further classified into 257 business categories and 5000 micro markets. The vast selection criterion provides granular data from the length and breadth of all these industries delivering Reportstack members with cutting edge research products to facilitate strategic business decisions.
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