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Automotive Electronic Power Steering Market - By Type, By Application, and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast 2019 - 2026

  • ID: 5143837
  • Report
  • August 2020
  • Region: Global
  • 110 pages
  • Zion Market Research
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According to the report, the global Automotive Electronic Power Steering market was valued at USD 27.34 Billion in 2019 and is expected to reach over USD 48.60 Billion by 2026, growing at a CAGR of around 8.8% during the forecast period from 2020 to 2026.

The demand for Automotive Electronic Power Steering Market is increasing significantly due to hybrid electric and electric vehicles with current and innovative technologies such as drive-by-wire are projected to raise the demand/popularity of electronic power steering systems in the years to come. Similarly, commercialization of concept car such as Driver-less Car etc. will further boost the demand.

Global Automotive Electronic Power Steering Market: Overview

The automotive business has gone through several phases of upgradations in power, design, and effectiveness in the last few years. The technology and the automation have brought automobiles to function in several terrains, which were previously meant just for smooth roads. The choice of right steering design provides steadiness and maneuverability to the vehicle in every terrain. The steering method is a mixture of different linkages which are projected to turn the vehicle in bare minimum radius without turning it. Unlike conventional steering, the current automotive electronic power steering includes different electronic mechanisms which help to decrease power and offer perfect turning. The electronic power steering can enhance the driving experience and fuel effectiveness. Earlier, the electronic power steering was utilized only in sports utility vehicles (SUVs) or high-end vehicles. In recent years, the consistency of electronic power steering has developed and improved a lot; as a result, it has boosted its participation in almost each and every category of vehicle. The current electronic power steering is more compact and comprises several other controlling aspects and airbags.

Global Automotive Electronic Power Steering Market: Growth Factors

The automotive electronic power steering market is anticipated to hold potential development opportunities in the coming future. The automobile which has power steering system is likely to experience huge demand. The hybrid electric and electric vehicles with current and innovative technologies such as drive-by-wire are projected to raise the demand/popularity of electronic power steering systems in the years to come. The requirement for decreasing fuel usage and logistical advantages drove the automobile producers to shift from the old age hydraulic power steering systems that had turned into outmoded owing to huge fuel usage, to the new/innovative electric power steering systems thus triggering the development of the automotive electronic power steering market.

Global Automotive Electronic Power Steering Market: Segmentation

The global automotive electronic power steering market can be classified into different categories based on its type and application vehicle. Based on the type, it can be divided into rack assisted power steering system (R-EPS), electronic hydraulic power steering (EHPS), column assisted electronic power steering (C-EPS), and pinion assisted electronic power steering (P-EPS). Based on application, the global automotive electronic power steering market can be categorized into passenger cars, light motor vehicles (LMV), agricultural tractors, special utility vehicles (sports cars, cranes, military vehicles, earth moving, etc.) heavy motor vehicles (HMV). The application of electronic power steering in LMV and passenger cars are anticipated to remain dominating owing to ample production in these categories, whereas, application in heavy motor vehicles is projected to develop substantially.

Global Automotive Electronic Power Steering Market: Regional Analysis

The global automotive electronic power steering market is segmented into North America, Asia-Pacific, Latin America, Europe, and the Middle East & Africa. Asia-Pacific is anticipated to increase at a high growth rate due to huge production of automobiles in this region. While North America and Europe are projected to have saturated market expansion rate owing to mature automobile market. The Middle East and Africa are expected to grow at a steady rate in the coming years.

Global Automotive Electronic Power Steering Market: Competitive Players

Some of the most important companies in the global automotive electronic power steering market are Mitsubishi Electric Corporation, Zhuzhou Elite Electro Mechanical Co. Ltd., Robert Bosch Automotive Steering GmbH, Nexteer Automotive, ZF Friedrichshafen Group, JTEKT Corporation, NSK Global, ThyssenKrupp Presta AG, SHOWA Corporation, Hyundai Mobis, and Mando Corporation, among others.

Global Automotive Electronic Power Steering Market: Regional Segment Analysis
  • North America
  • The U.S.
  • Europe
  • The UK
  • France
  • Germany
  • The Asia Pacific
  • China
  • Japan
  • India
  • Latin America
  • Brazil
  • The Middle East and Africa
What Reports Provides
  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.
Note: Product cover images may vary from those shown
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  • Chapter 1 Preface
    • 1.1 Report Description
    • 1.1 Report Scope
  • Chapter 2 Research Methodology
    • 2.1 Research Methodology
    • 2.2 Secondary Research
    • 2.3 Primary Research
    • 2.4 Models
      • 2.4.1 Company Share Analysis Model
      • 2.4.2 Revenue Based Modeling
    • 2.5 Research Limitations
  • Chapter 3 Executive Summary
    • 3.1 Global Automotive Electronic Power Steering Market, 2016 – 2026 (USD Billion)
    • 3.2 Global Automotive Electronic Power Steering Market: Snapshot
  • Chapter 4 Automotive Electronic Power Steering Market – Industry Analysis
    • 4.1 Introduction
    • 4.2 Market Drivers
      • 4.2.1 Driving Factor 1 Analysis
      • 4.2.2 Driving Factor 2 Analysis:
    • 4.3 Market Restraints
      • 4.3.1 Restraining Factor Analysis
    • 4.4 Market Opportunities
      • 4.4.1 Market Opportunity & Use-case Analysis
      • 4.4.2 Use – Cases for Automotive Electronic Power Steering
    • 4.5 Porter’s Five Forces Analysis
    • 4.6 COVID 19 Impact Analysis
      • 4.6.1.1 Impact on Product Development and technology Adoption
      • 4.6.1.2 Gap Analysis
  • Chapter 5 Investment Proposition Analysis
    • 5.1 Global Automotive Electronic Power Steering Market Attractiveness, By Type
    • 5.2 Global Automotive Electronic Power Steering Market Attractiveness, By Application
    • 5.3 Global Automotive Electronic Power Steering Market Attractiveness, By Region
  • Chapter 6 Competitive Landscape
    • 6.1 Company Market Share Analysis - 2019
      • 6.1.1 Global Automotive Electronic Power Steering Market: Company Market Share, 2019
    • 6.2 Strategic Developments
    • 7.1 Global Automotive Electronic Power Steering Market Overview: by Type
      • 7.1.1 Global Automotive Electronic Power Steering Market Revenue Share, by Type, 2019 & 2026
    • 7.2 Global Automotive Electronic Power Steering Market Analysis/Overview – By Type
      • 7.2.1 Rack Assisted Power Steering System (R-EPS) – Overview/Analysis
      • 7.2.2 Electronic Hydraulic Power Steering (EHPS) – Overview/Analysis
      • 7.2.3 Culumn Assisted Electronic Power Steering (C-EPS) – Overview/Analysis
      • 7.2.4 Pinion Assisted Electronic Power Steering (P-EPS) – Overview/Analysis
    • 7.3 Rack Assisted Power Steering System (R-EPS)
      • 7.3.1 Global Automotive Electronic Power Steering Market for Rack Assisted Power Steering System (R-EPS), Revenue (USD Billion) 2016 - 2026
    • 7.4 Electronic Hydraulic Power Steering (EHPS)
      • 7.4.1 Global Automotive Electronic Power Steering Market for Electronic Hydraulic Power Steering (EHPS), Revenue (USD Billion) 2016 - 2026
    • 7.5 Culumn Assisted Electronic Power Steering (C-EPS)
      • 7.5.1 Global Automotive Electronic Power Steering Market for Culumn Assisted Electronic Power Steering (C-EPS), Revenue (USD Billion) 2016 - 2026
    • 7.6 Pinion Assisted Electronic Power Steering (P-EPS)
      • 7.6.1 Global Automotive Electronic Power Steering Market for Pinion Assisted Electronic Power Steering (P-EPS), Revenue (USD Billion) 2016 - 2026
    • 8.1 Global Automotive Electronic Power Steering Market Overview: by Application
      • 8.1.1 Global Automotive Electronic Power Steering Market Revenue Share, by Application, 2019 & 2026
    • 8.2 Global Automotive Electronic Power Steering Market Analysis/Overview – By Application
      • 8.2.1 Passenger Cars – Overview/Analysis
      • 8.2.2 Light Motor Vehicles (LMV) – Overview/Analysis
      • 8.2.3 Agricultural Tractors – Overview/Analysis
      • 8.2.4 Special Utility Vehicles – Overview/Analysis
      • 8.2.5 Heavy Motor Vehicles (HMV) – Overview/Analysis
    • 8.3 Passenger Cars
      • 8.3.1 Global Automotive Electronic Power Steering Market for Passenger Cars, Revenue (USD Billion) 2016 - 2026
    • 8.4 Light Motor Vehicles (LMV)
      • 8.4.1 Global Automotive Electronic Power Steering Market for Light Motor Vehicles (LMV), Revenue (USD Billion) 2016 - 2026
    • 8.5 Agricultural Tractors
      • 8.5.1 Global Automotive Electronic Power Steering Market for Agricultural Tractors, Revenue (USD Billion) 2016 - 2026
    • 8.6 Special Utility Vehicles
      • 8.6.1 Global Automotive Electronic Power Steering Market for Special Utility Vehicles, Revenue (USD Billion) 2016 - 2026
    • 8.7 Heavy Motor Vehicles (HMV)
      • 8.7.1 Global Automotive Electronic Power Steering Market for Heavy Motor Vehicles (HMV), Revenue (USD Billion) 2016 - 2026
  • Chapter 9 Automotive Electronic Power Steering Market – Regional Analysis
    • 9.1 Global Automotive Electronic Power Steering Market: Regional Overview
      • 9.1.1 Global Automotive Electronic Power Steering Market Revenue Share, by Region, 2019 & 2026
      • 9.1.2 Global Automotive Electronic Power Steering Market Revenue, by Region, 2016 – 2026 (USD Billion)
    • 9.2 North America
      • 9.2.1 North America Automotive Electronic Power Steering Market Revenue, 2016 - 2026 (USD Billion)
      • 9.2.2 North America Automotive Electronic Power Steering Market Revenue, by Country, 2016 – 2026 (USD Billion)
      • 9.2.3 North America Automotive Electronic Power Steering Market Revenue, by Type, 2016 – 2026
      • 9.2.4 North America Automotive Electronic Power Steering Market Revenue, by Application, 2016 – 2026
      • 9.2.5 U.S.
      • 9.2.6 Canada
    • 9.3 Europe
      • 9.3.1 Europe Automotive Electronic Power Steering Market Revenue, 2016 - 2026 (USD Billion)
      • 9.3.2 Europe Automotive Electronic Power Steering Market Revenue, by Country, 2016 – 2026 (USD Billion)
      • 9.3.3 Europe Automotive Electronic Power Steering Market Revenue, by Type, 2016 – 2026
      • 9.3.4 Europe Automotive Electronic Power Steering Market Revenue, by Application, 2016 – 2026
      • 9.3.5 Germany
      • 9.3.6 France
      • 9.3.7 U.K.
      • 9.3.8 Rest of Europe
    • 9.4 Asia Pacific
      • 9.4.1 Asia Pacific Automotive Electronic Power Steering Market Revenue, 2016 - 2026 (USD Billion)
      • 9.4.2 Asia Pacific Automotive Electronic Power Steering Market Revenue, by Country, 2016 – 2026 (USD Billion)
      • 9.4.3 Asia Pacific Automotive Electronic Power Steering Market Revenue, by Type, 2016 – 2026
      • 9.4.4 Asia Pacific Automotive Electronic Power Steering Market Revenue, by Application, 2016 – 2026
      • 9.4.5 China
      • 9.4.6 India
      • 9.4.7 Rest of Asia Pacific
    • 9.5 Latin America
      • 9.5.1 Latin America Automotive Electronic Power Steering Market Revenue, 2016 - 2026 (USD Billion)
      • 9.5.2 Latin America Automotive Electronic Power Steering Market Revenue, by Country, 2016 – 2026 (USD Billion)
      • 9.5.3 Latin America Automotive Electronic Power Steering Market Revenue, by Type, 2016 – 2026
      • 9.5.4 Latin America Automotive Electronic Power Steering Market Revenue, by Application, 2016 – 2026
      • 9.5.5 Brazil
      • 9.5.6 Rest of Latin America
    • 9.6 The Middle-East and Africa
      • 9.6.1 The Middle-East and Africa Automotive Electronic Power Steering Market Revenue, 2016 - 2026 (USD Billion)
      • 9.6.2 The Middle-East and Africa Automotive Electronic Power Steering Market Revenue, by Country, 2016 – 2026 (USD Billion)
      • 9.6.3 The Middle-East and Africa Automotive Electronic Power Steering Market Revenue, by Type, 2016 – 2026
      • 9.6.4 The Middle-East and Africa Automotive Electronic Power Steering Market Revenue, by Application, 2016 – 2026
      • 9.6.5 GCC Countries
      • 9.6.6 Rest of Middle-East Africa
  • Chapter 10 Company Profiles
    • 10.1 Mitsubishi Electric Corporation
      • 10.1.1 Company Overview
      • 10.1.2 Financial Overview
      • 10.1.3 Product portfolio
      • 10.1.4 Business Strategy
      • 10.1.5 Recent Developments
    • 10.2 Zhuzhou Elite Electro Mechanical Co. Ltd
    • 10.3 Robert Bosch Automotive Steering GmbH
    • 10.4 Nexteer Automotive
    • 10.5 ZF Friedrichshafen Group
    • 10.6 JTEKT Corporation
    • 10.7 NSK Global
    • 10.8 ThyssenKrupp Presta AG
    • 10.9 SHOWA Corporation
    • 10.10 Hyundai Mobis
Note: Product cover images may vary from those shown
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