Report overview
This research report provides a comprehensive analysis of the Car Electric Power Steering market, focusing on the current trends, market dynamics, and future prospects. The report explores the global Car Electric Power Steering market, including major regions such as North America, Europe, Asia-Pacific, and emerging markets. It also examines key factors driving the growth of Car Electric Power Steering, challenges faced by the industry, and potential opportunities for market players.
The global Car Electric Power Steering market has witnessed rapid growth in recent years, driven by increasing environmental concerns, government incentives, and advancements in technology. The Car Electric Power Steering market presents opportunities for various stakeholders, including Passenger Vehicle, Commercial Vehicle. Collaboration between the private sector and governments can accelerate the development of supportive policies, research and development efforts, and investment in Car Electric Power Steering market. Additionally, the growing consumer demand present avenues for market expansion.
The global Car Electric Power Steering market was valued at US$ 15680 million in 2023 and is projected to reach US$ 19380 million by 2030, at a CAGR of 2.8% during the forecast period.
Electric Power Steering System (EPS) report published by QYResearch reveals that COVID-19 and Russia-Ukraine War impacted the market dually in 2022. Global Electric Power Steering System (EPS) market is projected to reach US$ 20380 million in 2029, increasing from US$ 16620 million in 2022, with the CAGR of 2.7% during the period of 2023 to 2029. Demand from Passenger Car and Commercial Vehicle are the major drivers for the industry.
Key Features:
The research report on the Car Electric Power Steering market includes several key features to provide comprehensive insights and facilitate decision-making for stakeholders.
Executive Summary: The report provides overview of the key findings, market trends, and major insights of the Car Electric Power Steering market.
Market Overview: The report provides a comprehensive overview of the Car Electric Power Steering market, including its definition, historical development, and current market size. It covers market segmentation by Type (e.g., C-EPS, P-EPS), region, and application, highlighting the key drivers, challenges, and opportunities within each segment.
Market Dynamics: The report analyses the market dynamics driving the growth and development of the Car Electric Power Steering market. The report includes an assessment of government policies and regulations, technological advancements, consumer trends and preferences, infrastructure development, and industry collaborations. This analysis helps stakeholders understand the factors influencing the Car Electric Power Steering market's trajectory.
Competitive Landscape: The report provides an in-depth analysis of the competitive landscape within the Car Electric Power Steering market. It includes profiles of major market players, their market share, strategies, product portfolios, and recent developments.
Market Segmentation and Forecast: The report segment the Car Electric Power Steering market based on various parameters, such as by Type, region, and by Application. It provides market size and growth forecasts for each segment, supported by quantitative data and analysis. This helps stakeholders identify growth opportunities and make informed investment decisions.
Technological Trends: The report should highlight the key technological trends shaping the Car Electric Power Steering market, such as advancements in Type One technology and emerging substitutes. It analyses the impact of these trends on market growth, adoption rates, and consumer preferences.
Market Challenges and Opportunities: The report identify and analyses the major challenges faced by the Car Electric Power Steering market, such as technical bottleneck, cost limitations, and high entry barrier. It also highlights the opportunities for market growth, such as government incentives, emerging markets, and collaborations between stakeholders.
Regulatory and Policy Analysis: The report should assess the regulatory and policy landscape for Car Electric Power Steering, including government incentives, emission standards, and infrastructure development plans. It should analyse the impact of these policies on market growth and provide insights into future regulatory developments.
Recommendations and Conclusion: The report conclude with actionable recommendations for stakeholders, such as Application One Consumer, policymakers, investors, and infrastructure providers. These recommendations should be based on the research findings and address key challenges and opportunities within the Car Electric Power Steering market.
Supporting Data and Appendices: The report include supporting data, charts, and graphs to substantiate the analysis and findings. It also includes appendices with additional detailed information, such as data sources, survey questionnaires, and detailed market forecasts.
Market Segmentation
Car Electric Power Steering market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
C-EPS
P-EPS
R-EPS
Market segment by Application
Passenger Vehicle
Commercial Vehicle
Global Car 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
Major players covered
JTEKT
Bosch
Nexteer
ZF
NSK
Hitachi Astemo (Showa)
Hyundai Mobis
Thyssenkrupp
Mando
CAAS
Zhuzhou Elite
Yubei
Zhejiang Shibao
Outline of Major Chapters:
Chapter 1: Introduces the definition of Car Electric Power Steering, market overview.
Chapter 2: Global Car Electric Power Steering market size in revenue and volume.
Chapter 3: Detailed analysis of Car 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 Car 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 Car 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.
