Report overview
Electric Power Steering system (EPS) is a Power Steering system that directly relies on the motor to provide auxiliary torque.
This report aims to provide a comprehensive presentation of the global market for Automotive Electric Power Steering, 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 Automotive Electric Power Steering. This report contains market size and forecasts of Automotive Electric Power Steering in global, including the following market information:
Global Automotive Electric Power Steering Market Revenue, 2019-2024, 2024-2029, ($ millions)
Global Automotive Electric Power Steering Market Sales, 2019-2024, 2024-2029, (K Units)
Global top five Automotive Electric Power Steering companies in 2023 (%)
The global Automotive Electric Power Steering market was valued at US$ 22020 million in 2023 and is projected to reach US$ 26490 million by 2029, at a CAGR of 2.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction of brushless motor technology and the development of light weight electric power steering.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Automotive Electric Power Steering 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 Automotive Electric Power Steering Market, by Type, 2019-2024, 2024-2029 ($ Millions) & (K Units)
Global Automotive Electric Power Steering Market Segment Percentages, by Type, 2023 (%)
Column Assist EPS
Single-Pinion Assist EPS
Dual-Pinion Assist EPS
Rack Assist EPS
Global Automotive Electric Power Steering Market, by Application, 2019-2024, 2024-2029 ($ Millions) & (K Units)
Global Automotive Electric Power Steering Market Segment Percentages, by Application, 2023 (%)
Passenger Car
Commercial Vehicle
Global Automotive Electric Power Steering Market, By Region and Country, 2019-2024, 2024-2029 ($ Millions) & (K Units)
Global Automotive Electric Power Steering Market Segment Percentages, By Region and Country, 2023 (%)
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 Automotive Electric Power Steering revenues in global market, 2019-2024 (Estimated), ($ millions)
Key companies Automotive Electric Power Steering revenues share in global market, 2023 (%)
Key companies Automotive Electric Power Steering sales in global market, 2019-2024 (Estimated), (K Units)
Key companies Automotive Electric Power Steering sales share in global market, 2023 (%)
Further, the report presents profiles of competitors in the market, key players include:
JTEKToration
Robert Bosch Automotive Steering GmbH
NSK
Nexteer Automotive
ZF TRW Automotive Holdingsoration
Delphi Automotive
China Automotive Systems
Mandooration
Showaoration
Outline of Major Chapters:
Chapter 1: Introduces the definition of Automotive Electric Power Steering, market overview.
Chapter 2: Global Automotive Electric Power Steering market size in revenue and volume.
Chapter 3: Detailed analysis of Automotive Electric Power Steering 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 Automotive Electric Power Steering 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 Automotive Electric Power Steering 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.
