Automotive Electric Power Steering (EPS) Market Top Key Players and Regional Forecast 2026

The recent business intelligence study on the Automotive Electric Power Steering (EPS) market offers crucial information on the various factors, such as growth stimulants, obstacles and restraints, and other potential expansions, that will drive the market’s growth . The research analysis claims that this industry will witness a steady growth . Important data about the regional markets and major companies prevailing in this business sector is also documented. Based on present successes and growth potential, numerous factors supporting the overall business expansion is encompassed in the report, along with a thorough examination of the competitive landscape.

Global Automotive Electric Power Steering (EPS) Market is valued approximately at USD 6.38 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 11.5% over the forecast period 2019-2026. Automotive Electric power steering (EPS) is operated by an electric motor to steer the wheel while hydraulic power steering uses a pump that is integrated with an oil tank. The usage of the pump in hydraulic power steering continually places a load on the vehicle engine, which in turn affects the fuel consumption and vehicle performance. Power steering systems provide the torque which is applied to the steering wheel to drive the vehicle. The increasing vehicle production, global measures by OEMS to reduce complexity and weight of vehicles and regulatory push towards efficient technologies are the few factors responsible for high CAGR of the market over the forecast period. For instance, according to India Brand equity Foundation, Indian automotive sales increasing 8.3 per cent year-on-year to 3.99 million units in India and became the fourth largest auto market in 2018. It was the seventh largest manufacturer of commercial vehicles in 2018. Further, rise in disposable income, and increase in population, which has resulted in increased demand for premium, as well as non-premium vehicles are likely to impel the demand for Automotive Electric Power Steering (EPS) over the forecast period. However, higher cost of EPS as compared to traditional steering systems is the major factor restraining the growth of global Automotive Electric Power Steering (EPS) market during the forecast period.

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Global Automotive Electric Power Steering (EPS) Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increasing vehicle production and sales and rapid electrification of vehicles. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period of 2019-2026.

Major market player included in this report are:

Jtekt Corporation

Nexteer AutomotiveZF Friedrichshafen

Robert Bosch

NSK Ltd.

Hyundai Mobis

Showa Corporation

Delphi

Thyssenkrupp

Mitsubishi Electric

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component Type:

Steering Column

Sensor

Steering Motor

Other Components

By Vehicle Type:

Passenger Cars

Commercial Vehicles

By Region:

North America

U.S.

Canada

Europe

UK

Germany

Asia Pacific

China

India

Japan

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017

Base year – 2018

Forecast period – 2019 to 2026

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Key Questions answered in the market Report are:

  • Which product segment grabbed the largest share in the market?
  • How is the competitive scenario of the market?
  • Which are the key factors aiding the market growth?
  • Which region holds the maximum share in the market?
  • What will be the CAGR of the market during the forecast period?
  • Which application segment emerged as the leading segment in the market?
  • Which are the prominent players in the market?
  • What key trends are likely to emerge in the market in the coming years?
  • What will be the market size?
  • Which company held the largest share in the market?

Main Points Covered from TOC:

1 Market Overview

1.1 Product Overview and Scope of

1.2 Segment by Type

1.3 Segment by Application

1.4 Global Market Growth Prospects

1.5 Global Market Size by Region

2 Market Competition by Manufacturers

2.1 Global Production Market Share by Manufacturers

2.2 Global Revenue Market Share by Manufacturers

2.3 Market Share by Company

2.4 Global Average Price by Manufacturers

2.5 Manufacturers Production Sites, Area Served, Product Types

2.6 Market Competitive Situation and Trends

3 Production by Region

3.1 Global Production of Market Share by Region

3.2 Global Revenue Market Share by Region

3.3 Global Production, Revenue, Price and Gross Margin

3.4 North America Production

3.5 Europe Production

3.6 China Production

4 Global Consumption by Region

4.1 Global Consumption by Region

4.2 North America

4.3 Europe

4.4 Asia Pacific

4.5 Latin America

5 Market Segment by Type

5.1 Global Production Market Share by Type

5.2 Global Revenue Market Share by Type

5.3 Global Price by Type

6 Segment by Application

6.1 Global Production Market Share by Application

6.2 Global Revenue Market Share by Application

6.3 Global Price by Application

7 Key Companies Profiled

7.1 Company A

7.1.1 Corporation Information

7.1.2 Product Portfolio

7.1.3 Production, Revenue, Price and Gross Margin

7.1.4 Main Business and Markets Served

7.1.5 Recent Developments/Updates

7.2 Company B

7.2.1 Corporation Information

7.2.2 Product Portfolio

7.2.3 Production, Revenue, Price and Gross Margin

7.2. Main Business and Markets Served

7.2.5 Recent Developments/Updates

8 Manufacturing Cost Analysis

9 Marketing Channel, Distributors and Customers

10 Market Dynamics

11 Production and Supply Forecast

12 Consumption and Demand Forecast

13 Forecast by Type and by Application

14 Research Finding and Conclusion

15 Methodology and Data Source

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