Global Automotive Electric Power Steering Market Forecast 2022-2030

Publisher Name :
Date: 08-Aug-2022
No. of pages: 234

KEY FINDINGS

The global automotive electric power steering market is anticipated to increase with a 4.26% CAGR during the forecasting years 2022-2030. The market growth is driven by the increased fuel efficiency in the electric power steering mechanism and low maintenance requirements compared to the conventional steering system.

MARKET INSIGHTS

Electronic power steering (EPS) systems eliminate the need for a drive belt, hoses, and a pump connected to the engine using variable amounts of power. The EPS system configuration allows the power assist system to be packaged in the steering column, rack, or pinion steering gear. Conventional hydraulic steering systems require changing hydraulic fuel from time to time. Other components such as hydraulic fluid, steering fluid reservoir, steering pump, rotary valve, and hydraulic chamber must be monitored.

Because of the complexity of the design and multiple components, problems are more likely to arise in a hydraulic system. In addition, EPS systems disconnect power from the motor by incorporating fail-safe mechanisms in case of a detected electronic control unit (ECU) problem. Thus, the reliability and convenient mechanism of EPS make it an attractive proposition for the automotive industry and hence the key growth enabler for the global automotive electronic power steering market.

REGIONAL INSIGHTS

The global automotive electronic power steering market growth assessment includes a thorough study of Asia-Pacific, North America, Europe, and Rest of World. Asia-Pacific is expected to capture the majority of market shares during the forecast period. The growth in the region is fuelled by special economic zones and the presence of skilled labor and leading manufacturers.

COMPETITIVE INSIGHTS

Companies are competing to establish a footprint in developing countries like China, India, etc., where automotive EPS companies are witnessing huge demand for the product. There has been an aggressive push towards adopting electric power steering by major automobile companies. Thus, major investments by steering manufacturers and automakers result in high industry rivalry.

Some of the key market players include Hitachi Astemo Ltd, Hyundai Mobis, Mitsubishi Electric Corporation, Robert Bosch GmbH, etc.

Our report offerings include:

- Explore key findings of the overall market

- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)

- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions

- Market Segmentation caters to a thorough assessment of key segments with their market estimations

- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share

- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.

- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.

- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Global Automotive Electric Power Steering Market Forecast 2022-2030

Table Of Content

1. Research Scope & Methodology
1.1. Study Objectives
1.2. Scope Of Study
1.3. Methodology
1.4. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates
2.2. Market Overview
3. Market Dynamics
3.1. Key Drivers
3.1.1. Increased Fuel Efficiency In The Electric Power Steering Mechanism
3.1.2. Low Maintenance Compared To The Conventional Steering System
3.2. Key Restraints
3.2.1. Lack Of Steering Feel
4. Key Analytics
4.1. Impact Of Covid-19 On Automotive Electric Power Steering Market
4.2. Key Market Trends
4.3. Porter's Five Forces Analysis
4.3.1. Buyers Power
4.3.2. Suppliers Power
4.3.3. Substitution
4.3.4. New Entrants
4.3.5. Industry Rivalry
4.4. Opportunity Matrix
4.5. Vendor Landscape
5. Market By Vehicle Type
5.1. Passenger Cars
5.2. Commercial Vehicles
5.2.1. Light Commercial Vehicles (Lcv)
5.2.2. Medium & Heavy Commercial Vehicles (M&Hcv)
6. Market By Mechanism
6.1. Column Type
6.2. Pinion Assist
6.3. Rack Assist
6.4. Other Mechanisms
7. Market By Component
7.1. Steering Rack/Column
7.2. Sensor
7.3. Steering Motor
7.4. Other Components
8. Geographical Analysis
8.1. North America
8.1.1. Market Size & Estimates
8.1.2. Key Growth Enablers
8.1.3. Key Challenges
8.1.4. Key Players
8.1.5. Country Analysis
8.1.5.1. United States
8.1.5.2. Canada
8.2. Europe
8.2.1. Market Size & Estimates
8.2.2. Key Growth Enablers
8.2.3. Key Challenges
8.2.4. Key Players
8.2.5. Country Analysis
8.2.5.1. United Kingdom
8.2.5.2. Germany
8.2.5.3. France
8.2.5.4. Italy
8.2.5.5. Spain
8.2.5.6. Slovakia
8.2.5.7. Czech Republic
8.2.5.8. Rest Of Europe
8.3. Asia-Pacific
8.3.1. Market Size & Estimates
8.3.2. Key Growth Enablers
8.3.3. Key Challenges
8.3.4. Key Players
8.3.5. Country Analysis
8.3.5.1. China
8.3.5.2. Japan
8.3.5.3. India
8.3.5.4. South Korea
8.3.5.5. Indonesia
8.3.5.6. Thailand
8.3.5.7. Vietnam
8.3.5.8. Taiwan
8.3.5.9. Malaysia
8.3.5.10. Rest Of Asia-Pacific
8.4. Rest Of World
8.4.1. Market Size & Estimates
8.4.2. Key Growth Enablers
8.4.3. Key Challenges
8.4.4. Key Players
8.4.5. Regional Analysis
8.4.5.1. Latin America
8.4.5.2. Middle East & Africa
9. Competitive Landscape
9.1. Key Strategic Developments
9.1.1. Mergers & Acquisitions
9.1.2. Product Launches & Developments
9.1.3. Partnerships & Agreements
9.2. Company Profiles
9.2.1. China Automotive Systems Inc
9.2.2. Denso Corporation
9.2.3. Hitachi Astemo Ltd
9.2.4. Hyundai Mobis
9.2.5. Infineon Technologies
9.2.6. Jtekt Corporation
9.2.7. Mahle Gmbh
9.2.8. Mando Corporation
9.2.9. Mitsubishi Electric Corporation
9.2.10. Nexteer Automotive Group Ltd
9.2.11. Nidec Corporation
9.2.12. Nsk Ltd
9.2.13. Robert Bosch Gmbh
9.2.14. Thyssenkrupp Ag
9.2.15. Zf Group

List Of Tables
Table 1: Market Snapshot - Automotive Electric Power Steering
Table 2: Global Automotive Electric Power Steering Market, By Vehicle Type, Historical Years, 2018-2021 (In $ Million)
Table 3: Global Automotive Electric Power Steering Market, By Vehicle Type, Forecast Years, 2022-2030 (In $ Million)
Table 4: Global Passenger Cars Market, By Region, Historical Years, 2018-2021 (In $ Million)
Table 5: Global Passenger Cars Market, By Region, Forecast Years, 2022-2030 (In $ Million)
Table 6: Global Commercial Vehicles Market, By Region, Historical Years, 2018-2021 (In $ Million)
Table 7: Global Commercial Vehicles Market, By Region, Forecast Years, 2022-2030 (In $ Million)
Table 8: Global Automotive Electric Power Steering Market, By Commercial Vehicles, Historical Years, 2018-2021 (In $ Million)
Table 9: Global Automotive Electric Power Steering Market, By Commercial Vehicles, Forecast Years, 2022-2030 (In $ Million)
Table 10: Global Light Commercial Vehicles (Lcv) Market, By Region, Historical Years, 2018-2021 (In $ Million)
Table 11: Global Light Commercial Vehicles (Lcv) Market, By Region, Forecast Years, 2022-2030 (In $ Million)
Table 12: Global Medium & Heavy Commercial Vehicles (M&Hcv) Market, By Region, Historical Years, 2018-2021 (In $ Million)
Table 13: Global Medium & Heavy Commercial Vehicles (M&Hcv) Market, By Region, Forecast Years, 2022-2030 (In $ Million)
Table 14: Global Automotive Electric Power Steering Market, By Mechanism, Historical Years, 2018-2021 (In $ Million)
Table 15: Global Automotive Electric Power Steering Market, By Mechanism, Forecast Years, 2022-2030 (In $ Million)
Table 16: Global Column Type Market, By Region, Historical Years, 2018-2021 (In $ Million)
Table 17: Global Column Type Market, By Region, Forecast Years, 2022-2030 (In $ Million)
Table 18: Global Pinion Assist Market, By Region, Historical Years, 2018-2021 (In $ Million)
Table 19: Global Pinion Assist Market, By Region, Forecast Years, 2022-2030 (In $ Million)
Table 20: Global Rack Assist Market, By Region, Historical Years, 2018-2021 (In $ Million)
Table 21: Global Rack Assist Market, By Region, Forecast Years, 2022-2030 (In $ Million)
Table 22: Global Other Mechanisms Market, By Region, Historical Years, 2018-2021 (In $ Million)
Table 23: Global Other Mechanisms Market, By Region, Forecast Years, 2022-2030 (In $ Million)
Table 24: Global Automotive Electric Power Steering Market, By Component, Historical Years, 2018-2021 (In $ Million)
Table 25: Global Automotive Electric Power Steering Market, By Component, Forecast Years, 2022-2030 (In $ Million)
Table 26: Global Steering Rack/Column Market, By Region, Historical Years, 2018-2021 (In $ Million)
Table 27: Global Steering Rack/Column Market, By Region, Forecast Years, 2022-2030 (In $ Million)
Table 28: Global Sensor Market, By Region, Historical Years, 2018-2021 (In $ Million)
Table 29: Global Sensor Market, By Region, Forecast Years, 2022-2030 (In $ Million)
Table 30: Global Steering Motor Market, By Region, Historical Years, 2018-2021 (In $ Million)
Table 31: Global Steering Motor Market, By Region, Forecast Years, 2022-2030 (In $ Million)
Table 32: Global Other Components Market, By Region, Historical Years, 2018-2021 (In $ Million)
Table 33: Global Other Components Market, By Region, Forecast Years, 2022-2030 (In $ Million)
Table 34: Global Automotive Electric Power Steering Market, By Geography, Historical Years, 2018-2021 (In $ Million)
Table 35: Global Automotive Electric Power Steering Market, By Geography, Forecast Years, 2022-2030 (In $ Million)
Table 36: North America Automotive Electric Power Steering Market, By Country, Historical Years, 2018-2021 (In $ Million)
Table 37: North America Automotive Electric Power Steering Market, By Country, Forecast Years, 2022-2030 (In $ Million)
Table 38: Leading Players Operating In North America Automotive Electric Power Steering Market
Table 39: Europe Automotive Electric Power Steering Market, By Country, Historical Years, 2018-2021 (In $ Million)
Table 40: Europe Automotive Electric Power Steering Market, By Country, Forecast Years, 2022-2030 (In $ Million)
Table 41: Leading Players Operating In Europe Automotive Electric Power Steering Market
Table 42: Asia-Pacific Automotive Electric Power Steering Market, By Country, Historical Years, 2018-2021 (In $ Million)
Table 43: Asia-Pacific Automotive Electric Power Steering Market, By Country, Forecast Years, 2022-2030 (In $ Million)
Table 44: Leading Players Operating In Asia-Pacific Automotive Electric Power Steering Market
Table 45: Rest Of World Automotive Electric Power Steering Market, By Region, Historical Years, 2018-2021 (In $ Million)
Table 46: Rest Of World Automotive Electric Power Steering Market, By Region, Forecast Years, 2022-2030 (In $ Million)
Table 47: Leading Players Operating In Rest Of World Automotive Electric Power Steering Market
Table 48: List Of Mergers & Acquisitions
Table 49: List Of Product Launches & Developments
Table 50: List Of Partnerships & Agreements

List Of Figures
Figure 1: Key Market Trends
Figure 2: Porter's Five Forces Analysis
Figure 3: Opportunity Matrix
Figure 4: Vendor Landscape
Figure 5: Global Automotive Electric Power Steering Market, Growth Potential, By Vehicle Type, In 2021
Figure 6: Global Automotive Electric Power Steering Market, By Passenger Cars, 2022-2030 (In $ Million)
Figure 7: Global Automotive Electric Power Steering Market, By Commercial Vehicles, 2022-2030 (In $ Million)
Figure 8: Global Automotive Electric Power Steering Market, Growth Potential, By Commercial Vehicles, In 2021
Figure 9: Global Automotive Electric Power Steering Market, By Light Commercial Vehicles (Lcv), 2022-2030 (In $ Million)
Figure 10: Global Automotive Electric Power Steering Market, By Medium & Heavy Commercial Vehicles (M&Hcv), 2022-2030 (In $ Million)
Figure 11: Global Automotive Electric Power Steering Market, Growth Potential, By Mechanism, In 2021
Figure 12: Global Automotive Electric Power Steering Market, By Column Type, 2022-2030 (In $ Million)
Figure 13: Global Automotive Electric Power Steering Market, By Pinion Assist, 2022-2030 (In $ Million)
Figure 14: Global Automotive Electric Power Steering Market, By Rack Assist, 2022-2030 (In $ Million)
Figure 15: Global Automotive Electric Power Steering Market, By Other Mechanisms, 2022-2030 (In $ Million)
Figure 16: Global Automotive Electric Power Steering Market, Growth Potential, By Component, In 2021
Figure 17: Global Automotive Electric Power Steering Market, By Steering Rack/Column, 2022-2030 (In $ Million)
Figure 18: Global Automotive Electric Power Steering Market, By Sensor, 2022-2030 (In $ Million)
Figure 19: Global Automotive Electric Power Steering Market, By Steering Motor, 2022-2030 (In $ Million)
Figure 20: Global Automotive Electric Power Steering Market, By Other Components, 2022-2030 (In $ Million)
Figure 21: North America Automotive Electric Power Steering Market, Country Outlook, 2021 & 2030 (In %)
Figure 22: United States Automotive Electric Power Steering Market, 2022-2030 (In $ Million)
Figure 23: Canada Automotive Electric Power Steering Market, 2022-2030 (In $ Million)
Figure 24: Europe Automotive Electric Power Steering Market, Country Outlook, 2021 & 2030 (In %)
Figure 25: United Kingdom Automotive Electric Power Steering Market, 2022-2030 (In $ Million)
Figure 26: Germany Automotive Electric Power Steering Market, 2022-2030 (In $ Million)
Figure 27: France Automotive Electric Power Steering Market, 2022-2030 (In $ Million)
Figure 28: Italy Automotive Electric Power Steering Market, 2022-2030 (In $ Million)
Figure 29: Spain Automotive Electric Power Steering Market, 2022-2030 (In $ Million)
Figure 30: Slovakia Automotive Electric Power Steering Market, 2022-2030 (In $ Million)
Figure 31: Czech Republic Automotive Electric Power Steering Market, 2022-2030 (In $ Million)
Figure 32: Rest Of Europe Automotive Electric Power Steering Market, 2022-2030 (In $ Million)
Figure 33: Asia-Pacific Automotive Electric Power Steering Market, Country Outlook, 2021 & 2030 (In %)
Figure 34: China Automotive Electric Power Steering Market, 2022-2030 (In $ Million)
Figure 35: Japan Automotive Electric Power Steering Market, 2022-2030 (In $ Million)
Figure 36: India Automotive Electric Power Steering Market, 2022-2030 (In $ Million)
Figure 37: South Korea Automotive Electric Power Steering Market, 2022-2030 (In $ Million)
Figure 38: Indonesia Automotive Electric Power Steering Market, 2022-2030 (In $ Million)
Figure 39: Thailand Automotive Electric Power Steering Market, 2022-2030 (In $ Million)
Figure 40: Vietnam Automotive Electric Power Steering Market, 2022-2030 (In $ Million)
Figure 41: Malaysia Automotive Electric Power Steering Market, 2022-2030 (In $ Million)
Figure 42: Rest Of Asia-Pacific Automotive Electric Power Steering Market, 2022-2030 (In $ Million)
Figure 43: Rest Of World Automotive Electric Power Steering Market, Regional Outlook, 2021 & 2030 (In %)
Figure 44: Latin America Automotive Electric Power Steering Market, 2022-2030 (In $ Million)
Figure 45: Middle East & Africa Automotive Electric Power Steering Market, 2022-2030 (In $ Million)

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