Russia Electric Power Steering Market Share

Market Share of Russia Electric Power Steering Industry

The Russian automotive electric power steering market is dominated by several key players such as Robert Bosch GmbH, JTEKT Corporation, NSK Ltd., and Others. Several key players are introducing electric power steering in their upcoming vehicle models, which in turn is likely to witness major growth for the market during the forecast period. For instance,

In February 2023, JSC Avtoelektronika Russia developed an electric power steering prototype for a new sedan vehicle model, the Lada Vesta sedan, in Russia. Through this development, the company expanded its product portfolio for the passenger car segment in the country.

In June 2022, KAMAZ signed a memorandum of understanding (MoU) with Murom Machine-Building Plant Production Association JSC. Through this partnership, the company started the development and production of power steering mechanisms, electric transmissions, and mechatronic devices for generating and recovering electricity, as well as other electromechanical devices to ensure the operation of vehicles.

Russia Electric Power Steering Market Leaders

1. JTEKT Corporation

2. NSK Ltd

3. ZF Friedrichshafen AG

4. Robert Bosch GmbH

5. Nexteer Automotive Corporation

*Disclaimer: Major Players sorted in no particular order