Market Share of US Automotive EPS Industry
The United States Automotive Power Steering Market is consolidated with existing players such as JTEKT Corporation, ZF Friedrichshafen AG, NSK Ltd, Mitsubishi Electric Corporation, and Nexteer Automotive holding a significant share in the market. Some of the key developments of the players in the market are as follows:
In Aug 2019, Nexteer Automotive announced the Dongfeng Nexteer Steering Systems Co., Ltd., a joint venture with Dongfeng Motor Parts and Components Group Co., Ltd. (Dongfeng Components), begins mass production of Single Pinion Assist Electric Power Steering (SPEPS) systems. Dongfeng Nexteer Steering Systems (Wuhan) Co., Ltd. produces SPEPS systems, currently featured in A-C segment vehicles for Nexteer customers like BMW and Groupe PSA.
US Automotive EPS Market Leaders
ATS Automation Tooling Systems Inc.
Delphi Automotive Systems
GKN PLC
Hitachi Automotive Systems
Hyundai Mobis Co.
*Disclaimer: Major Players sorted in no particular order
