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Global Electric Power Steering Market by Components (Bearing, Electric Motor, Electronic Control Unit), Electric Motor (Brush Motor, Brushless Motor), Electric Vehicle, EV Gear Type, Type, Mechanism, Application, Off-Highway Application - Forecast 2024-2030

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    Report

  • 185 Pages
  • March 2024
  • Region: Global
  • 360iResearch™
  • ID: 5460342
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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.

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

The report offers valuable insights on the following aspects

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. 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.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

  1. What is the market size and forecast of the Electric Power Steering Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Electric Power Steering Market?
  3. What are the technology trends and regulatory frameworks in the Electric Power Steering Market?
  4. What is the market share of the leading vendors in the Electric Power Steering Market?
  5. Which modes and strategic moves are suitable for entering the Electric Power Steering Market?

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Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Electric Power Steering Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Growth in demand of EPS in the automotive sector
5.1.1.2. Emergence of different measures by OEMs to reduce complexity and weight of vehicles
5.1.1.3. Rising popularity of self-driven vehicles and hybrid cars
5.1.2. Restraints
5.1.2.1. High cost of spare parts of the electric power steering wheel
5.1.3. Opportunities
5.1.3.1. Increase in penetration of commercial vehicles
5.1.3.2. Emergence of advanced products in the electric power steering wheels
5.1.3.3. Rising partnerships between OEMs and third party vendors
5.1.4. Challenges
5.1.4.1. Rising concerns for vehicle recalls due to EPS misfitting
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Electric Power Steering Market, by Components
6.1. Introduction
6.2. Bearing
6.3. Electric Motor
6.4. Electronic Control Unit
6.5. Mechanical Rack & Pinion
6.6. Sensors
6.7. Steering Column
6.8. Steering Gear
7. Electric Power Steering Market, by Electric Motor
7.1. Introduction
7.2. Brush Motor
7.3. Brushless Motor
8. Electric Power Steering Market, by Electric Vehicle
8.1. Introduction
8.2. BEV
8.3. FCEV
8.4. PHEV
9. Electric Power Steering Market, by EV Gear Type
9.1. Introduction
9.2. Ball Screw
9.3. Worm Gear
10. Electric Power Steering Market, by Type
10.1. Introduction
10.2. CEPS
10.3. PEPS
10.4. REPS
11. Electric Power Steering Market, by Mechanism
11.1. Introduction
11.2. Collapsible
11.3. Rigid
12. Electric Power Steering Market, by Application
12.1. Introduction
12.2. Commercial Vehicles
12.3. Passenger Cars
13. Electric Power Steering Market, by Off-Highway Application
13.1. Introduction
13.2. Agricultural Equipment
13.3. Construction Equipment
14. Americas Electric Power Steering Market
14.1. Introduction
14.2. Argentina
14.3. Brazil
14.4. Canada
14.5. Mexico
14.6. United States
15. Asia-Pacific Electric Power Steering Market
15.1. Introduction
15.2. Australia
15.3. China
15.4. India
15.5. Indonesia
15.6. Japan
15.7. Malaysia
15.8. Philippines
15.9. Singapore
15.10. South Korea
15.11. Taiwan
15.12. Thailand
15.13. Vietnam
16. Europe, Middle East & Africa Electric Power Steering Market
16.1. Introduction
16.2. Denmark
16.3. Egypt
16.4. Finland
16.5. France
16.6. Germany
16.7. Israel
16.8. Italy
16.9. Netherlands
16.10. Nigeria
16.11. Norway
16.12. Poland
16.13. Qatar
16.14. Russia
16.15. Saudi Arabia
16.16. South Africa
16.17. Spain
16.18. Sweden
16.19. Switzerland
16.20. Turkey
16.21. United Arab Emirates
16.22. United Kingdom
17. Competitive Landscape
17.1. FPNV Positioning Matrix
17.2. Market Share Analysis, By Key Player
17.3. Competitive Scenario Analysis, By Key Player
18. Competitive Portfolio
18.1. Key Company Profiles
18.1.1. D S Auto Enterprise Sdn Bhd
18.1.2. Denso Corporation
18.1.3. Georgsmarienhütte Holding GmbH
18.1.4. GKN Automotive Limited
18.1.5. Honeycomb Yichuang Technology Co., Ltd.
18.1.6. Infineon Technologies AG
18.1.7. JTEKT Corporation
18.1.8. Mando Corporation
18.1.9. Mitsubishi Electric Corporation
18.1.10. Mobis India Limited
18.1.11. Nexteer Automotive Corporation
18.1.12. Robert Bosch GmbH
18.1.13. Rollax GmbH & CO.
18.1.14. Showa Corporation
18.1.15. ThyssenKrupp AG
18.1.16. ZF Friedrichshafen AG
18.2. Key Product Portfolio
19. Appendix
19.1. Discussion Guide
19.2. License & Pricing
List of Figures
FIGURE 1. ELECTRIC POWER STEERING MARKET RESEARCH PROCESS
FIGURE 2. ELECTRIC POWER STEERING MARKET SIZE, 2023 VS 2030
FIGURE 3. ELECTRIC POWER STEERING MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. ELECTRIC POWER STEERING MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. ELECTRIC POWER STEERING MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. ELECTRIC POWER STEERING MARKET DYNAMICS
FIGURE 7. ELECTRIC POWER STEERING MARKET SIZE, BY COMPONENTS, 2023 VS 2030 (%)
FIGURE 8. ELECTRIC POWER STEERING MARKET SIZE, BY COMPONENTS, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. ELECTRIC POWER STEERING MARKET SIZE, BY ELECTRIC MOTOR, 2023 VS 2030 (%)
FIGURE 10. ELECTRIC POWER STEERING MARKET SIZE, BY ELECTRIC MOTOR, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. ELECTRIC POWER STEERING MARKET SIZE, BY ELECTRIC VEHICLE, 2023 VS 2030 (%)
FIGURE 12. ELECTRIC POWER STEERING MARKET SIZE, BY ELECTRIC VEHICLE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. ELECTRIC POWER STEERING MARKET SIZE, BY EV GEAR TYPE, 2023 VS 2030 (%)
FIGURE 14. ELECTRIC POWER STEERING MARKET SIZE, BY EV GEAR TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. ELECTRIC POWER STEERING MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
FIGURE 16. ELECTRIC POWER STEERING MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. ELECTRIC POWER STEERING MARKET SIZE, BY MECHANISM, 2023 VS 2030 (%)
FIGURE 18. ELECTRIC POWER STEERING MARKET SIZE, BY MECHANISM, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. ELECTRIC POWER STEERING MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 20. ELECTRIC POWER STEERING MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. ELECTRIC POWER STEERING MARKET SIZE, BY OFF-HIGHWAY APPLICATION, 2023 VS 2030 (%)
FIGURE 22. ELECTRIC POWER STEERING MARKET SIZE, BY OFF-HIGHWAY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. AMERICAS ELECTRIC POWER STEERING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 24. AMERICAS ELECTRIC POWER STEERING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 25. UNITED STATES ELECTRIC POWER STEERING MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 26. UNITED STATES ELECTRIC POWER STEERING MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 27. ASIA-PACIFIC ELECTRIC POWER STEERING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 28. ASIA-PACIFIC ELECTRIC POWER STEERING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 29. EUROPE, MIDDLE EAST & AFRICA ELECTRIC POWER STEERING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 30. EUROPE, MIDDLE EAST & AFRICA ELECTRIC POWER STEERING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 31. ELECTRIC POWER STEERING MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 32. ELECTRIC POWER STEERING MARKET SHARE, BY KEY PLAYER, 2023

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