| Product Code: ETC5894419 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Bulgaria continued to see a significant influx of electric power steering imports, with top exporting countries being Germany, Turkey, Mexico, China, and Metropolitan France. Despite a high Herfindahl-Hirschman Index (HHI) indicating Market Top 5 Importing Countries and Market Competition (HHI) Analysis concentration, the compound annual growth rate (CAGR) from 2020 to 2024 remained robust at 14.54%. However, there was a notable decline in growth rate from 2023 to 2024 at -17.62%, which may warrant further analysis of Market Top 5 Importing Countries and Market Competition (HHI) Analysis dynamics and potential factors influencing this downturn.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bulgaria Electric Power Steering Market Overview |
3.1 Bulgaria Country Macro Economic Indicators |
3.2 Bulgaria Electric Power Steering Market Revenues & Volume, 2021 & 2031F |
3.3 Bulgaria Electric Power Steering Market - Industry Life Cycle |
3.4 Bulgaria Electric Power Steering Market - Porter's Five Forces |
3.5 Bulgaria Electric Power Steering Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Bulgaria Electric Power Steering Market Revenues & Volume Share, By Mechanism, 2021 & 2031F |
3.7 Bulgaria Electric Power Steering Market Revenues & Volume Share, By Off-Highway, 2021 & 2031F |
3.8 Bulgaria Electric Power Steering Market Revenues & Volume Share, By Components, 2021 & 2031F |
3.9 Bulgaria Electric Power Steering Market Revenues & Volume Share, By Electric Motor? , 2021 & 2031F |
3.10 Bulgaria Electric Power Steering Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Bulgaria Electric Power Steering Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for fuel-efficient vehicles |
4.2.2 Growing trend towards electric vehicles |
4.2.3 Technological advancements in electric power steering systems |
4.3 Market Restraints |
4.3.1 High initial cost of electric power steering systems |
4.3.2 Lack of infrastructure for electric vehicle charging stations |
5 Bulgaria Electric Power Steering Market Trends |
6 Bulgaria Electric Power Steering Market Segmentations |
6.1 Bulgaria Electric Power Steering Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Bulgaria Electric Power Steering Market Revenues & Volume, By CEPS, 2021-2031F |
6.1.3 Bulgaria Electric Power Steering Market Revenues & Volume, By PEPS, 2021-2031F |
6.1.4 Bulgaria Electric Power Steering Market Revenues & Volume, By REPS, 2021-2031F |
6.2 Bulgaria Electric Power Steering Market, By Mechanism |
6.2.1 Overview and Analysis |
6.2.2 Bulgaria Electric Power Steering Market Revenues & Volume, By Collapsible, 2021-2031F |
6.2.3 Bulgaria Electric Power Steering Market Revenues & Volume, By Rigid, 2021-2031F |
6.3 Bulgaria Electric Power Steering Market, By Off-Highway |
6.3.1 Overview and Analysis |
6.3.2 Bulgaria Electric Power Steering Market Revenues & Volume, By Construction, 2021-2031F |
6.3.3 Bulgaria Electric Power Steering Market Revenues & Volume, By Agricultural, 2021-2031F |
6.4 Bulgaria Electric Power Steering Market, By Components |
6.4.1 Overview and Analysis |
6.4.2 Bulgaria Electric Power Steering Market Revenues & Volume, By Steering column, 2021-2031F |
6.4.3 Bulgaria Electric Power Steering Market Revenues & Volume, By Sensors, 2021-2031F |
6.4.4 Bulgaria Electric Power Steering Market Revenues & Volume, By Steering gear, 2021-2031F |
6.4.5 Bulgaria Electric Power Steering Market Revenues & Volume, By Mechanical rack and pinion, 2021-2031F |
6.4.6 Bulgaria Electric Power Steering Market Revenues & Volume, By Electronic control unit, 2021-2031F |
6.4.7 Bulgaria Electric Power Steering Market Revenues & Volume, By Electric motor, 2021-2031F |
6.5 Bulgaria Electric Power Steering Market, By Electric Motor? |
6.5.1 Overview and Analysis |
6.5.2 Bulgaria Electric Power Steering Market Revenues & Volume, By Brush motor, 2021-2031F |
6.5.3 Bulgaria Electric Power Steering Market Revenues & Volume, By Brushless motor, 2021-2031F |
6.6 Bulgaria Electric Power Steering Market, By Application |
6.6.1 Overview and Analysis |
6.6.2 Bulgaria Electric Power Steering Market Revenues & Volume, By Passenger Cars (PC), 2021-2031F |
6.6.3 Bulgaria Electric Power Steering Market Revenues & Volume, By Commercial Vehicles (CV), 2021-2031F |
7 Bulgaria Electric Power Steering Market Import-Export Trade Statistics |
7.1 Bulgaria Electric Power Steering Market Export to Major Countries |
7.2 Bulgaria Electric Power Steering Market Imports from Major Countries |
8 Bulgaria Electric Power Steering Market Key Performance Indicators |
8.1 Average price of electric power steering systems |
8.2 Adoption rate of electric vehicles in Bulgaria |
8.3 Number of new electric vehicle models introduced in the market |
8.4 Investment in research and development for electric power steering technology |
8.5 Government policies and incentives supporting electric vehicle adoption |
9 Bulgaria Electric Power Steering Market - Opportunity Assessment |
9.1 Bulgaria Electric Power Steering Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Bulgaria Electric Power Steering Market Opportunity Assessment, By Mechanism, 2021 & 2031F |
9.3 Bulgaria Electric Power Steering Market Opportunity Assessment, By Off-Highway, 2021 & 2031F |
9.4 Bulgaria Electric Power Steering Market Opportunity Assessment, By Components, 2021 & 2031F |
9.5 Bulgaria Electric Power Steering Market Opportunity Assessment, By Electric Motor? , 2021 & 2031F |
9.6 Bulgaria Electric Power Steering Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Bulgaria Electric Power Steering Market - Competitive Landscape |
10.1 Bulgaria Electric Power Steering Market Revenue Share, By Companies, 2024 |
10.2 Bulgaria Electric Power Steering Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |