Global Electric Power Steering Market 2017-2021

  • ID: 4225872
  • Report
  • Region: Global
  • 70 pages
  • TechNavio
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FEATURED COMPANIES

  • Delphi Automotive
  • GKN
  • Hyundai Mobis
  • JTEKT
  • Mando
  • Mitsubishi Electric
  • MORE
About Electric Power Steering

The global automotive industry is experiencing a significant change in terms of electric power steering systems that are increasingly replacing hydraulic power steering in vehicles. Electric power steering system is an improvement over hydraulic system in many ways. They eliminate the use of power steering pumps, improving fuel efficiency in vehicles. It provides more precision and a refined feel, which hydraulic system cannot match. When the thrust of the innovations in the automotive industry is in speed, safety, and fuel efficiency, it is evident that technologies such as electronic power steering systems will eventually capture the market rendering the old technologies obsolete.

The analysts forecast the global electric power steering market to grow at a CAGR of 6.68% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global electric power steering market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of passenger cars and light commercial vehicles (LCVs).

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, Global Electric Power Steering Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- ZF Friedrichshafen
- Mitsubishi Electric
- Nexteer
- TRW Automotive

Other prominent vendors
- ATS Automation Tooling Systems
- Delphi Automotive
- GKN
- Hyundai Mobis
- JTEKT
- Mando
- Robert Bosch
- thyssenkrupp Presta AG

Market drivers
- Low penetration of cars in emerging economies.
- For a full, detailed list, view the full report

Market challenges
- Growing car-sharing services in China, India, and Brazil.
- For a full, detailed list, view the full report

Market trends
- Increase in electrification of mechanical components.
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Delphi Automotive
  • GKN
  • Hyundai Mobis
  • JTEKT
  • Mando
  • Mitsubishi Electric
  • MORE
PART 01: Executive summary

PART 02: Scope of the report
  • Market overview
  • Top-vendor offerings
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
  • Automotive steering systems: An introduction
  • Classification of power steering
  • Components of a typical power steering system
  • Evolution of steering systems
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by product
  • Global electric power steering market by product
  • Global electrical power steering market in passenger cars
  • Global electric power steering market in LCVs
PART 07: Geographical segmentation
  • Global electric power steering market by geography
  • Electric power steering market in APAC
  • Electric power steering market in Americas
  • Electric power steering market in EMEA
PART 08: Key leading countries
  • Key leading countries: US and China
PART 09: Market drivers
  • Key market drivers
  • Increase in sales of passenger cars and SUVs
  • Low penetration of cars in emerging economies
  • Fuel economy benefits
PART 10: Impact of drivers

PART 11: Market challenges
  • Growing car-sharing services in China, India, and Brazil
  • Rise in number of on-demand taxi operators
  • Negligible penetration of electric power steering in HCVs
PART 12: Impact of drivers and challenges

PART 13: Market trends
  • Penetration of SBW technology
  • Increase in electrification of mechanical components
  • Electrohydraulic power steering in HCVs
List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Steering system types
Exhibit 03: Power steering system types
Exhibit 04: Power steering system components
Exhibit 05: Product life cycle of steering systems
Exhibit 06: Segmentation of global electric power steering market
Exhibit 07: Global electric power steering market 2016-2021 (millions of units)
Exhibit 08: Five forces analysis
Exhibit 09: Global electric power steering market: Segmentation by product 2016 and 2021
Exhibit 10: Global electric power steering market by vehicle type 2016–2021 (millions of units)
Exhibit 11: Global electric power steering market in passenger cars 2016-2021 (millions of units)
Exhibit 12: Global electric power steering market in LCVs 2016-2021 (millions of units)
Exhibit 13: Global electric power steering market by geography 2016 and 2021
Exhibit 14: Electric power steering market in APAC 2016-2021 (millions of units)
Exhibit 15: Electric power steering market in Americas 2016-2021 (millions of units)
Exhibit 16: Electric power steering market in EMEA 2016-2021 (millions of units)
Exhibit 17: Key leading countries in global electric power steering market
Exhibit 18: Impact of drivers
Exhibit 19: Impact of drivers and challenges
Exhibit 20: Electronic contents in vehicles 2014-2021
Exhibit 21: ZF Friedrichshafen: Product portfolios
Exhibit 22: ZF Friedrichshafen: Business segmentation by revenue 2015
Exhibit 23: Mitsubishi Electric: Product portfolio
Exhibit 24: Mitsubishi Electric: Recent developments
Exhibit 25: Nexteer: Product segmentation by revenue 2015
Exhibit 26: Nexteer: Geographical segmentation by revenue 2015
Exhibit 27: Nexteer: Automotive steering system product portfolio
Exhibit 28: Nexteer: Recent developments
Exhibit 29: TRW Automotive: Product portfolio
Exhibit 30: TRW Automotive: Recent developments
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FEATURED COMPANIES

  • Delphi Automotive
  • GKN
  • Hyundai Mobis
  • JTEKT
  • Mando
  • Mitsubishi Electric
  • MORE
New Report Released: – Global Electric Power Steering Market 2017-2021

The author of the report recognizes the following companies as the key players in the global electric power steering market: ZF Friedrichshafen, Mitsubishi Electric, Nexteer, and TRW Automotive.

Other Prominent Vendors in the market are: ATS Automation Tooling Systems, Delphi Automotive, GKN, Hyundai Mobis, JTEKT, Mando, Robert Bosch, and thyssenkrupp Presta AG.

Commenting on the report, an analyst from the research team said: “One trend in market is penetration of SBW technology. SBW technology helps to remove the physical connection between the steering wheel and the steering system with the help of electrically connected motors and helps to change the direction of the wheels. In SBW, the vehicle's computer gets the command from the connected device, and the computer sends the command to the wheels.”

According to the report, one driver in market is increase in sales of passenger cars and SUVs. The sales of SUVs and crossovers increased by about 10% in the total passenger car market in the US in 2015. In the US, there is a growing preference for crossovers and SUVs for their increased fuel efficiency and comfort level in three-row seating arrangement. The structure of SUVs and crossovers look similar, but they are distinct in fuel efficiency and usability. Crossovers are more fuel efficient compared with SUVs, as they are built on car frames and are of considerably lightweight. Crossovers usually weigh lighter than SUVs as they are built on truck frames, which contributes to comparatively higher curb weight.

Further, the report states that one challenges in market is growing car-sharing services in China, India, and Brazil. Car sharing services are increasingly becoming popular in emerging countries like China, India, and Brazil due to reasons like increase in private car usage costs and cheaper than taxi rates. Since 2012, there has been a steady growth in the number of car-sharing operators, which has grown to 22 operators by mid-2015 from 9 operators in 2012. In China, a private car is estimated to spent about 93% of its time parked and unused, whereas a car used for car-sharing service has a utilization rate of up to 60%. Car-sharing enables optimum utilization of a car wherein the cost of maintaining the car is shared among the users.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • ZF Friedrichshafen
  • Mitsubishi Electric
  • Nexteer
  • TRW Automotive
  • ATS Automation Tooling Systems
  • Delphi Automotive
  • GKN
  • Hyundai Mobis
  • JTEKT
  • Mando
  • Robert Bosch
  • thyssenkrupp Presta AG.
Note: Product cover images may vary from those shown
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