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Global Electric Power Steering Market Size study, By Components (Steering column, Sensors, Steering gear, Mechanical rack and pinion, Electronic control unit, Electric motor, Bearing), By Electric Motor (Brush motor, Brushless motor), By Electric Vehicle (Battery electric vehicles (BEV), Plug-in hybrid electric vehicle (PHEV), Fuel cell electric vehicles (FCEV)), By Type (Rack assist type (REPS), Colum assist type (CEPS), Pinion assist type (PEPS)), By EV Gear Type (Worm Gear, Ball Screw), By Mechanism (Rigid EPS, Collapsible EPS), and Regional Forecasts 2022-2028

March 2022 | 200 pages | ID: G295664BC6BFEN
Bizwit Research & Consulting LLP

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Global Electric Power Steering Market is valued approximately USD 35.46 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.0% over the forecast period 2022-2028.

Electric power steering (EPS) is steering that is operated by the usage of the electric motor to steer the wheel. The adoption of this power steering system offers the rotation that is used to the steering wheel for driving the vehicle. EPS eliminates several HPS components that encompass the drive belt, pump, hoses, pulley, and fluid. Accordingly, electric steering systems are lighter and smaller than hydraulic systems. The production of the vehicle is continuous, coupled with the increasing number of regulatory policies for the development of proficient technologies, and the rising measures by OEMs for decreasing complexity and weight of vehicles are the primary factors that may accelerate the market demand across the globe. For instance, as per the UAE government, the central government targeted to cut down 15% carbon emissions rate by 2020 and also emphasize the adoption of electric vehicles within its own fleet of vehicles. Additionally, the government has aimed to invest nearly USD 20 million in 42000 electric vehicles on its streets by 2030. Thereby, the rising focus of government for the adoption of electric vehicles and availability of funds are further likely to surge the market demand worldwide. However, the higher cost of EPS as compared to traditional steering systems impedes the growth of the market over the forecast period of 2022-2028. Also, the emergence of steer-by-wire technology is anticipated to act as a catalyzing factor for the market demand during the forecast period.

The key regions considered for the global Electric Power Steering market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia-Pacific is the leading region across the world in terms of market share owing to the rising presence of leading market players across the region and growing demand for high-end or luxury vehicles. Whereas, Asia-Pacific is also anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as growing demand for the electronic and fuel-efficient systems in passenger cars, as well as the increasing number of vehicle emission regulations, would create lucrative growth prospects for the Electric Power Steering market across the Asia-Pacific region.

Major market players included in this report are:
Delphi
Federal-Mogul
GKN
Hyundai Mobis
Jtekt
Mitsubishi Electric
Nexteer
NSK
Robert Bosch
Showa Corporation

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 Components offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Components:
Steering column
Sensors
Steering gear
Mechanical rack and pinion
Electronic control unit
Electric motor
Bearing
By Electric Motor:
Brush motor
Brushless motor
By Electric Vehicle:
Battery electric vehicles (BEV)
Plug-in hybrid electric vehicle (PHEV)
Fuel cell electric vehicles (FCEV)
By Type:
Rack assist type (REPS)
Colum assist type (CEPS)
Pinion assist type (PEPS)
By EV Gear Type:
Worm Gear
Ball Screw
By Mechanism:
Rigid EPS
Collapsible EPS
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Electric Power Steering Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors






CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
  1.2.1. Global Electric Power Steering Market, by Region, 2020-2028 (USD Billion)
  1.2.2. Global Electric Power Steering Market, by Components, 2020-2028 (USD Billion)
  1.2.3. Global Electric Power Steering Market, by Electric Motor, 2020-2028 (USD Billion)
  1.2.4. Global Electric Power Steering Market, by Electric Vehicle, 2020-2028 (USD Billion)
  1.2.5. Global Electric Power Steering Market, by Type, 2020-2028 (USD Billion)
  1.2.6. Global Electric Power Steering Market, by EV Gear Type, 2020-2028 (USD Billion)
  1.2.7. Global Electric Power Steering Market, by Mechanism, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL ELECTRIC POWER STEERING MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL ELECTRIC POWER STEERING MARKET DYNAMICS

3.1. Electric Power Steering Market Impact Analysis (2020-2028)
  3.1.1. Market Drivers
    3.1.1.1. Regulatory push towards efficient technologies
    3.1.1.2. Increasing global measures by OEMs to reduce complexity and weight of vehicles
  3.1.2. Market Challenges
    3.1.2.1. Higher cost of EPS as compared to traditional steering systems
  3.1.3. Market Opportunities
    3.1.3.1. Emergence of steer-by-wire technology

CHAPTER 4. GLOBAL ELECTRIC POWER STEERING MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies

CHAPTER 5. RISK ASSESSMENT: COVID-19 IMPACT

  5.1.1. Assessment of the overall impact of COVID-19 on the industry
  5.1.2. Pre COVID-19 and post COVID-19 market scenario

CHAPTER 6. GLOBAL ELECTRIC POWER STEERING MARKET, BY COMPONENTS

6.1. Market Snapshot
6.2. Global Electric Power Steering Market by Components, Performance - Potential Analysis
6.3. Global Electric Power Steering Market Estimates & Forecasts by Components 2019-2028 (USD Billion)
6.4. Electric Power Steering Market, Sub Segment Analysis
  6.4.1. Steering column
  6.4.2. Sensors
  6.4.3. Steering gear
  6.4.4. Mechanical rack and pinion
  6.4.5. Electronic control unit
  6.4.6. Electric motor
  6.4.7. Bearing

CHAPTER 7. GLOBAL ELECTRIC POWER STEERING MARKET, BY ELECTRIC MOTOR

7.1. Market Snapshot
7.2. Global Electric Power Steering Market by Electric Motor, Performance - Potential Analysis
7.3. Global Electric Power Steering Market Estimates & Forecasts by Electric Motor 2019-2028 (USD Billion)
7.4. Electric Power Steering Market, Sub Segment Analysis
  7.4.1. Brush motor
  7.4.2. Brushless motor

CHAPTER 8. GLOBAL ELECTRIC POWER STEERING MARKET, BY ELECTRIC VEHICLE

8.1. Market Snapshot
8.2. Global Electric Power Steering Market by Electric Vehicle, Performance - Potential Analysis
8.3. Global Electric Power Steering Market Estimates & Forecasts by Electric Vehicle 2019-2028 (USD Billion)
8.4. Electric Power Steering Market, Sub Segment Analysis
  8.4.1. Battery electric vehicles (BEV)
  8.4.2. Plug-in hybrid electric vehicle (PHEV)
  8.4.3. Fuel cell electric vehicles (FCEV)

CHAPTER 9. GLOBAL ELECTRIC POWER STEERING MARKET, BY TYPE

9.1. Market Snapshot
9.2. Global Electric Power Steering Market by Type, Performance - Potential Analysis
9.3. Global Electric Power Steering Market Estimates & Forecasts by Type 2019-2028 (USD Billion)
9.4. Electric Power Steering Market, Sub Segment Analysis
  9.4.1. Rack assist type (REPS)
  9.4.2. Colum assist type (CEPS)
  9.4.3. Pinion assist type (PEPS)

CHAPTER 10. GLOBAL ELECTRIC POWER STEERING MARKET, BY EV GEAR TYPE

10.1. Market Snapshot
10.2. Global Electric Power Steering Market by EV Gear Type, Performance - Potential Analysis
10.3. Global Electric Power Steering Market Estimates & Forecasts by EV Gear Type2019-2028 (USD Billion)
10.4. Electric Power Steering Market, Sub Segment Analysis
  10.4.1. Worm Gear
  10.4.2. Ball Screw

CHAPTER 11. GLOBAL ELECTRIC POWER STEERING MARKET, BY MECHANISM

11.1. Market Snapshot
11.2. Global Electric Power Steering Market by Mechanism, Performance - Potential Analysis
11.3. Global Electric Power Steering Market Estimates & Forecasts by Mechanism 2019-2028 (USD Billion)
11.4. Electric Power Steering Market, Sub Segment Analysis
  11.4.1. Rigid EPS
  11.4.2. Collapsible EPS

CHAPTER 12. GLOBAL ELECTRIC POWER STEERING MARKET, REGIONAL ANALYSIS

12.1. Electric Power Steering Market, Regional Market Snapshot
12.2. North America Electric Power Steering Market
  12.2.1. U.S. Electric Power Steering Market
    12.2.1.1. Components estimates & forecasts, 2019-2028
    12.2.1.2. Electric Motor estimates & forecasts, 2019-2028
    12.2.1.3. Electric Vehicle estimates & forecasts, 2019-2028
    12.2.1.4. Type estimates & forecasts, 2019-2028
    12.2.1.5. EV Gear Type estimates & forecasts, 2019-2028
    12.2.1.6. Mechanism estimates & forecasts, 2019-2028
  12.2.2. Canada Electric Power Steering Market
12.3. Europe Electric Power Steering Market Snapshot
  12.3.1. U.K. Electric Power Steering Market
  12.3.2. Germany Electric Power Steering Market
  12.3.3. France Electric Power Steering Market
  12.3.4. Spain Electric Power Steering Market
  12.3.5. Italy Electric Power Steering Market
  12.3.6. Rest of Europe Electric Power Steering Market
12.4. Asia-Pacific Electric Power Steering Market Snapshot
  12.4.1. China Electric Power Steering Market
  12.4.2. India Electric Power Steering Market
  12.4.3. Japan Electric Power Steering Market
  12.4.4. Australia Electric Power Steering Market
  12.4.5. South Korea Electric Power Steering Market
  12.4.6. Rest of Asia Pacific Electric Power Steering Market
12.5. Latin America Electric Power Steering Market Snapshot
  12.5.1. Brazil Electric Power Steering Market
  12.5.2. Mexico Electric Power Steering Market
12.6. Rest of The World Electric Power Steering Market

CHAPTER 13. COMPETITIVE INTELLIGENCE

13.1. Top Market Strategies
13.2. Company Profiles
  13.2.1. Delphi
    13.2.1.1. Key Information
    13.2.1.2. Overview
    13.2.1.3. Financial (Subject to Data Availability)
    13.2.1.4. Components Summary
    13.2.1.5. Recent Developments
  13.2.2. Federal-Mogul
  13.2.3. GKN
  13.2.4. Hyundai Mobis
  13.2.5. Jtekt
  13.2.6. Mitsubishi Electric
  13.2.7. Nexteer
  13.2.8. NSK
  13.2.9. Robert Bosch
  13.2.10. Showa Corporation

CHAPTER 14. RESEARCH PROCESS

14.1. Research Process
  14.1.1. Data Mining
  14.1.2. Analysis
  14.1.3. Market Estimation
  14.1.4. Validation
  14.1.5. Publishing
14.2. Research Attributes
14.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Electric Power Steering Market, report scope
TABLE 2. Global Electric Power Steering Market estimates & forecasts by Region 2019-2028 (USD Billion)
TABLE 3. Global Electric Power Steering Market estimates & forecasts by Components 2019-2028 (USD Billion)
TABLE 4. Global Electric Power Steering Market estimates & forecasts by Electric Motor 2019-2028 (USD Billion)
TABLE 5. Global Electric Power Steering Market estimates & forecasts by Electric Vehicle 2019-2028 (USD Billion)
TABLE 6. Global Electric Power Steering Market estimates & forecasts by Type 2019-2028 (USD Billion)
TABLE 7. Global Electric Power Steering Market estimates & forecasts by EV Gear Type 2019-2028 (USD Billion)
TABLE 8. Global Electric Power Steering Market estimates & forecasts by Mechanism 2019-2028 (USD Billion)
TABLE 9. Global Electric Power Steering Market by segment, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 10. Global Electric Power Steering Market by region, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 11. Global Electric Power Steering Market by segment, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 12. Global Electric Power Steering Market by region, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 13. Global Electric Power Steering Market by segment, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 14. Global Electric Power Steering Market by region, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 15. Global Electric Power Steering Market by segment, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 16. Global Electric Power Steering Market by region, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 17. Global Electric Power Steering Market by segment, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 18. Global Electric Power Steering Market by region, estimates & forecasts, 2019-2028 (USD Billion)
TABLE 19. U.S. Electric Power Steering Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 20. U.S. Electric Power Steering Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 21. U.S. Electric Power Steering Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 22. Canada Electric Power Steering Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 23. Canada Electric Power Steering Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 24. Canada Electric Power Steering Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 25. UK Electric Power Steering Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 26. UK Electric Power Steering Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 27. UK Electric Power Steering Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 28. Germany Electric Power Steering Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 29. Germany Electric Power Steering Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 30. Germany Electric Power Steering Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 31. RoE Electric Power Steering Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 32. RoE Electric Power Steering Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 33. RoE Electric Power Steering Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 34. China Electric Power Steering Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 35. China Electric Power Steering Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 36. China Electric Power Steering Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 37. India Electric Power Steering Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 38. India Electric Power Steering Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 39. India Electric Power Steering Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 40. Japan Electric Power Steering Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 41. Japan Electric Power Steering Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 42. Japan Electric Power Steering Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 43. RoAPAC Electric Power Steering Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 44. RoAPAC Electric Power Steering Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 45. RoAPAC Electric Power Steering Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 46. Brazil Electric Power Steering Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 47. Brazil Electric Power Steering Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 48. Brazil Electric Power Steering Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 49. Mexico Electric Power Steering Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 50. Mexico Electric Power Steering Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 51. Mexico Electric Power Steering Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 52. RoLA Electric Power Steering Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 53. RoLA Electric Power Steering Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 54. RoLA Electric Power Steering Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 55. Row Electric Power Steering Market estimates & forecasts, 2019-2028 (USD Billion)
TABLE 56. Row Electric Power Steering Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 57. Row Electric Power Steering Market estimates & forecasts by segment 2019-2028 (USD Billion)
TABLE 58. List of secondary sources, used in the study of global Electric Power Steering Market
TABLE 59. List of primary sources, used in the study of global Electric Power Steering Market
TABLE 60. Years considered for the study
TABLE 61. Exchange rates considered

LIST OF FIGURES

FIG 1. Global Electric Power Steering Market, research methodology
FIG 2. Global Electric Power Steering Market, market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global Electric Power Steering Market, key trends 2021
FIG 5. Global Electric Power Steering Market, growth prospects 2022-2028
FIG 6. Global Electric Power Steering Market, porters 5 force model
FIG 7. Global Electric Power Steering Market, pest analysis
FIG 8. Global Electric Power Steering Market, value chain analysis
FIG 9. Global Electric Power Steering Market by segment, 2019 & 2028 (USD Billion)
FIG 10. Global Electric Power Steering Market by segment, 2019 & 2028 (USD Billion)
FIG 11. Global Electric Power Steering Market by segment, 2019 & 2028 (USD Billion)
FIG 12. Global Electric Power Steering Market by segment, 2019 & 2028 (USD Billion)
FIG 13. Global Electric Power Steering Market by segment, 2019 & 2028 (USD Billion)
FIG 14. Global Electric Power Steering Market, regional snapshot 2019 & 2028
FIG 15. North America Electric Power Steering Market 2019 & 2028 (USD Billion)
FIG 16. Europe Electric Power Steering Market 2019 & 2028 (USD Billion)
FIG 17. Asia pacific market 2019 & 2028 (USD Billion)
FIG 18. Latin America Electric Power Steering Market 2019 & 2028 (USD Billion)
FIG 19. Global Electric Power Steering Market, company market share analysis (2021)







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