Pro
Automotive
Asia-Pacific Automotive Suspension System Market Size, By Sales Channel (2018-2027)
| Label | Collapsible EPS | Rigid EPS |
|---|---|---|
| 2017 | 16965.8 USD Mn | 6766.8 USD Mn |
| 2018 | 17472.9 USD Mn | 6883.7 USD Mn |
| 2019 | 16082.0 USD Mn | 7222.3 USD Mn |
| 2020 | 11234.8 USD Mn | 3792.3 USD Mn |
| 2021 | 18166.4 USD Mn | 6060.1 USD Mn |
| 2022 | 18484.0 USD Mn | 7722.8 USD Mn |
| 2023 | 19693.3 USD Mn | 8377.9 USD Mn |
| 2024 | 21779.4 USD Mn | 8611.4 USD Mn |
| 2025 | 22884.8 USD Mn | 8853.3 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
collapsible eps segment accounted for the larger market share in the electric power steering system market, and is expected to reach USD 22884.80 Million in 2025 from USD 17472.90 Million in 2018. However, collapsible eps segment is the fastest growing market, which is expected to grow at a CAGR of 6.06% during the forecast period 2019 - 2025.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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