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The Electric Power Steering Market size was estimated at USD 27.63 billion in 2023, USD 29.35 billion in 2024, and is expected to grow at a CAGR of 6.34% to reach USD 42.49 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Electric Power Steering Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Electric Power Steering Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Electric Power Steering Market, highlighting leading vendors and their innovative profiles. These include D S Auto Enterprise Sdn Bhd, Denso Corporation, Georgsmarienhütte Holding GmbH, GKN Automotive Limited, Honeycomb Yichuang Technology Co., Ltd., Infineon Technologies AG, JTEKT Corporation, Mando Corporation, Mitsubishi Electric Corporation, Mobis India Limited, Nexteer Automotive Corporation, Robert Bosch GmbH, Rollax GmbH & CO., Showa Corporation, ThyssenKrupp AG, and ZF Friedrichshafen AG.Market Segmentation & Coverage
This research report categorizes the Electric Power Steering Market to forecast the revenues and analyze trends in each of the following sub-markets:- Components
- Bearing
- Electric Motor
- Electronic Control Unit
- Mechanical Rack & Pinion
- Sensors
- Steering Column
- Steering Gear
- Electric Motor
- Brush Motor
- Brushless Motor
- Electric Vehicle
- BEV
- FCEV
- PHEV
- EV Gear Type
- Ball Screw
- Worm Gear
- Type
- CEPS
- PEPS
- REPS
- Mechanism
- Collapsible
- Rigid
- Application
- Commercial Vehicles
- Passenger Cars
- Off-Highway Application
- Agricultural Equipment
- Construction Equipment
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as
- What is the market size and forecast of the Electric Power Steering Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Electric Power Steering Market?
- What are the technology trends and regulatory frameworks in the Electric Power Steering Market?
- What is the market share of the leading vendors in the Electric Power Steering Market?
- Which modes and strategic moves are suitable for entering the Electric Power Steering Market?
Please note: For this report, the purchase of an Enterprise license allows up to ten worldwide users of an organization access to the report
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This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.
Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Electric Power Steering Market, by Components
7. Electric Power Steering Market, by Electric Motor
8. Electric Power Steering Market, by Electric Vehicle
9. Electric Power Steering Market, by EV Gear Type
10. Electric Power Steering Market, by Type
11. Electric Power Steering Market, by Mechanism
12. Electric Power Steering Market, by Application
13. Electric Power Steering Market, by Off-Highway Application
14. Americas Electric Power Steering Market
15. Asia-Pacific Electric Power Steering Market
16. Europe, Middle East & Africa Electric Power Steering Market
17. Competitive Landscape
18. Competitive Portfolio
19. Appendix
List of Figures
Companies Mentioned
- D S Auto Enterprise Sdn Bhd
- Denso Corporation
- Georgsmarienhütte Holding GmbH
- GKN Automotive Limited
- Honeycomb Yichuang Technology Co., Ltd.
- Infineon Technologies AG
- JTEKT Corporation
- Mando Corporation
- Mitsubishi Electric Corporation
- Mobis India Limited
- Nexteer Automotive Corporation
- Robert Bosch GmbH
- Rollax GmbH & CO.
- Showa Corporation
- ThyssenKrupp AG
- ZF Friedrichshafen AG
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 185 |
| Published | March 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 29.35 Billion |
| Forecasted Market Value ( USD | $ 42.49 Billion |
| Compound Annual Growth Rate | 6.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 16 |
