Report overview
Automotive Electronic Power Steering System is a very popular steering system, a power steering system that directly relies on the motor to provide auxiliary torque; Currently, most of the vehicle are installed the electronic power steering system, and the electronic power steering system can reduce about 5% fuel consumption.
This report aims to provide a comprehensive presentation of the global market for Electric Power Steering System (EPS), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electric Power Steering System (EPS). This report contains market size and forecasts of Electric Power Steering System (EPS) in global, including the following market information:
Global Electric Power Steering System (EPS) Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Electric Power Steering System (EPS) Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Electric Power Steering System (EPS) companies in 2022 (%)
The global Electric Power Steering System (EPS) market was valued at US$ 16360 million in 2022 and is projected to reach US$ 18940 million by 2029, at a CAGR of 2.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
JTEKT, Bosch, NSK, Nexteer and ZF are the top 5 players of electric power steering system (EPS), with about 80% market shares.
China is the most important producing area for automotive electric power steering systems in the world, with a market share of more than 30%. In terms of type, P-EPS has a market share of about 40%. In the field of application, passenger vehicle accounts for more than 95% of the market.
We surveyed the Electric Power Steering System (EPS) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Electric Power Steering System (EPS) Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Electric Power Steering System (EPS) Market Segment Percentages, by Type, 2022 (%)
C-EPS
P-EPS
R-EPS
DP-EPS
Global Electric Power Steering System (EPS) Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Electric Power Steering System (EPS) Market Segment Percentages, by Application, 2022 (%)
Passenger Vehicle
Commercial Vehicle
Global Electric Power Steering System (EPS) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Electric Power Steering System (EPS) Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Electric Power Steering System (EPS) revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Electric Power Steering System (EPS) revenues share in global market, 2022 (%)
Key companies Electric Power Steering System (EPS) sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Electric Power Steering System (EPS) sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
JTEKT
Bosch
Nexteer Automobile
ZF
NSK
Hitachi Astemo (Showa )
Mobis
Thyssenkrupp
Mando
CAAS
Zhejiang Shibao
Elite
Yubei (Xinxiang) Power Steering System
Outline of Major Chapters:
Chapter 1: Introduces the definition of Electric Power Steering System (EPS), market overview.
Chapter 2: Global Electric Power Steering System (EPS) market size in revenue and volume.
Chapter 3: Detailed analysis of Electric Power Steering System (EPS) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Electric Power Steering System (EPS) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Electric Power Steering System (EPS) capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
