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Automotive Electric Power Steering Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMAU21570

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Published on

November 2021

Total pages

315

Table of Content

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About the Report

About the Report

Ongoing globalization and economic growth of developing economies such as India, Brazil, Thailand and others have revamped the overall living standard of consumers in these countries. This have increased the overall disposable income of individuals. The increased disposable income have enabled the consumers to spend more on products which offer comfort, passenger cars are one among them. Hence the increasing demand for passenger cars, is expected to drive the market for Automotive Electric Power Steering. Furthermore, owing to government carbon emission norms, demand for fuel-efficient vehicles has grown, which in turn is driving the market for advanced technologies in the automotive sector. In addition, today's customer demand comfort driving in their vehicles, which includes the effortless driving and motility of the vehicle they drive. This can be achieved by using effective motor solutions in the vehicle, providing ample growth opportunity for the auto component suppliers to produce innovative and efficient products to cater to the growth demand form OEMs.
Based on Type, the Automotive Electric Power Steering Market is segmented into Column-EPS, Pinion-EPS, Rack-EPS. Currently, Column-EPS dominates the market and is expected to maintain its dominance throughout the forecast period 2021-2027.
Based on Component, the market is bifurcated into EPS Control Module, Electric Motor, Rack & Pinion, Steering Column. In 2020, EPS Control Module segment dominated the market. Growth of the segment is expected to be driven by increasing demand for vehicles equipped with power steering and rising popularity for Electric vehicles in major developed economies.
Based on Mechanism, the market is bifurcated into Collapsible EPS, Rigid EPS. Currently, Collapsible EPS segment dominated the market and is expected to maintain its dominance throughout the forecast period 2021-2027.
Based on Technology, the global Automotive Electric Power Steering Market is segmented into Conventional EPS, EPS with ADAS. Currently, Conventional EPS dominates the market, however, EPS with ADAS is expected to witness high CAGR growth during the analyzed period. Automotive manufacturers around the world are focusing more on luxury passenger vehicles equipped with advanced features such as advanced driver assistance systems, advanced infotainment systems, enhanced body control and comfort, among others
Based on Vehicle Type, the market is segmented into Passenger Vehicle, Light commercial vehicle, Heavy commercial vehicle. Owing to high production volume the Passenger Vehicle segment dominate the market and is expected to maintain its dominance throughout the forecast period
Based on Sales Channel, the market is segmented into Supplies to OEM, Aftermarket. Automotive Electric Power Steering is majorly supplied to the OEMs

Products


Companies

Robert Bosch, Nexteer Automotive Group Limited, JTEKT Corporation, DENSO Corporation, NSK Steering Systems Co., Ltd., ZF Friedrichshafen AG, Hyundai Mobis Co., Ltd., Cikautxo India Pvt. Ltd., Mitsubishi Electric Automotive America, Inc., Mando Corporation

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process of the Automotive Electric Power Steering Market

2.2. Research Methodology of the Automotive Electric Power Steering Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the Automotive Electric Power Steering Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 AUTOMOTIVE ELECTRIC POWER STEERING MARKET COVID-19 IMPACT

6 AUTOMOTIVE ELECTRIC POWER STEERING MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY TYPE

7.1. Column-EPS

7.2. Pinion-EPS

7.3. Rack-EPS

8 MARKET INSIGHTS BY COMPONENT

8.1. EPS Control Module

8.2. Electric Motor

8.3. Rack & Pinion

8.4. Steering Column

9 MARKET INSIGHTS BY MECHANISM

9.1. Collapsible EPS

9.2. Rigid EPS

10 MARKET INSIGHTS BY TECHNOLOGY

10.1. Conventional EPS

10.2. EPS with ADAS

11 MARKET INSIGHTS BY VEHICLE TYPE

11.1. Passenger Car

11.2. Light Commercial Vehicle

11.3. Heavy Commercial Vehicle

12 MARKET INSIGHTS BY SALES CHANNEL

12.1. Original Equipment Manufacturer (OEM)

12.2. Aftermarket

13 MARKET INSIGHTS BY REGION

13.1. North America

13.1.1. US

13.1.2. Canada

13.1.3. Rest of North America

13.2. Europe

13.2.1. Germany

13.2.2. UK

13.2.3. France

13.2.4. Italy

13.2.5. Rest of Europe

13.3. Asia-Pacific

13.3.1. China

13.3.2. India

13.3.3. Japan

13.3.4. South Korea

13.3.5. Rest of Asia-Pacific

13.4. Rest of World

14 AUTOMOTIVE ELECTRIC POWER STEERING MARKET DYNAMICS

14.1. Market Drivers

14.2. Market Challenges

14.3. Impact Analysis

15 AUTOMOTIVE ELECTRIC POWER STEERING MARKET OPPORTUNITIES

16 AUTOMOTIVE ELECTRIC POWER STEERING MARKET TRENDS

17 LEGAL & REGULATORY FRAMEWORK

18 DEMAND AND SUPPLY SIDE ANALYSIS

18.1. Demand Side Analysis

18.2. Supply Side Analysis

18.2.1. Top Product Launches

18.2.2. Top Business Partnerships

18.2.3. Top Business Expansions

18.2.4. Top Merger and Acquisitions

19 VALUE CHAIN ANALYSIS

20 COMPETITIVE SCENARIO

20.1. Competitive Landscape

20.1.1. Company Shares, By Revenue

21 COMPANY PROFILED

21.1. Robert Bosch

21.2. Nexteer Automotive Group Limited

21.3. JTEKT Corporation

21.4. DENSO Corporation

21.5. NSK Steering Systems Co., Ltd.

21.6. ZF Friedrichshafen AG

21.7. Hyundai Mobis Co., Ltd.

21.8. Cikautxo India Pvt. Ltd.

21.9. Mitsubishi Electric Automotive America, Inc.

21.10. Mando Corporation

22 DISCLAIMER

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