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Stock impact report

Electric Power Steering Market Report 2024-2032, Featuring Key Players HELLA, JTEKT, Mitsubishi Electric, Nexteer Automotive, NSK, NXP Semiconductors, Robert Bosch, ThyssenKrupp and ZF Fri...

NXP Semiconductors N.V. (NXPI) 
Last nxp semiconductors n.v. earnings: 4/27 05:00 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.nxp.com
Company Research Source: Yahoo! Finance
The global electric power steering market size reached US$ 28.3 Billion in 2023 and is forecast to reach US$ 43.8 Billion by 2032, exhibiting a growth rate (CAGR) of 5.0% during 2023-2032. The rising demand for fuel-efficient vehicles, the implementation of strict government policies, the widespread system utilization in electric and hybrid vehicles, and the introduction of dual-pinion electric power steering represent some of the key factors driving the market. Electric Power Steering Market Trends: The rising demand for fuel-efficient vehicles across the globe is one of the primary factors favoring the market growth. Electric power steering is a lightweight, compact, and durable system that consumes less power compared to traditional hydraulic power steering, which, in turn, improves vehicle performance, enhances fuel efficiency, reduces weight, and extends the traveling range. In addition to this, the growing awareness among the masses regarding the adverse environmental imp Show less Read more
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