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Automotive Electric Power Steering (EPS) Market

Automotive Electric Power Steering (EPS) Market

Automotive Electric Power Steering (EPS) Market Global Industry Assessment & Forecast

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Automotive Transportation & Logistics
# Pages:

169

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0582

Segments Covered
  • By Component Type Steering Rack/Column, Sensor, Steering Motor, Other Component Types
  • By Type Column Type, Pinion Type, Dual Pinion Type
  • By Vehicle Type Passenger Car, Commercial Vehicle
Snapshot
Forecast YearsForecast Years: 2021 - 2028
Historical YearsHistorical Years: 2016 - 2020
Revenue 2021Revenue 2021: 20.12 Billion
Revenue 2028Revenue 2028: 33.91 Billion
Revenue CAGRRevenue CAGR (2021 - 2028): 6.72%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
Sr. No. Offering Report Coverage
1. Market Size In terms of Revenue (USD Million)
2. Historic Data 2015 to 2019
3. Forecast Data 2021 to 2028
4. Market Drivers, Restraints, Opportunities, & Regional Market Trends Yes
5. Market Attractiveness Analysis Yes
6. Segment Analysis Maximum Segments
7. Regional Coverage 5 Regions
8. Country Coverage Top 22 Countries
9. Competitive Landscape and Company Market Share Analysis Yes. Exhaustive information will be provided in two separate chapters of Competitive Landscape and Company Profiles.
10. Porter’s Five Forces Analysis Yes.
11. Value Chain Analysis Yes
12. PEST Analysis Yes
13. Regulatory Landscape Yes
14. Technology Landscape Yes
15. COVID-19 Impact Analysis Yes. Exhaustive information for Key Strategies Undertaken by Companies, Impact Assessment of the COVID-19 Pandemic by Region, along with Short-term and Long-term dynamics.
16. Top startups to watch out for Yes
17. Top 3 Trends to Watch Yes
18. Top 3 Strategies Followed by Major Players Yes
19. Top 3 Predictions by Vantage Market Research Yes
20. Discussion Guide Yes
21. Key Primary Respondents - VERBATIM Yes
22. Transcripts from the Primary Respondents Additional Cost USD 1,000
23. Others/Miscellaneous

Table of Content:

  1. Chapter No. 1: Introduction
    1. Report Scope
    2. Objectives of the Study
    3. USP & Key Offerings
    4. Target Audience
    5. Vantage Market Research Report Guidance/Walk-through
  2. Chapter No. 2: Premium Insights
    1. Market Snapshot
    2. Top Investment Pockets
      1. Market Attractiveness Analysis, By Component Type
      2. Market Attractiveness Analysis, By Type
      3. Market Attractiveness Analysis, By Vehicle Type
      4. Market Attractiveness Analysis, By Asia Pacific
    3. Insights from Primary Respondents
  3. Chapter No. 3: Key Market Dynamics
    1. Introduction
    2. Market Drivers
    3. Market Restraints
    4. Market Opportunities
    5. Porter’s Five Forces Analysis
    6. PEST Analysis
    7. Regulatory Landscape
    8. Technology Landscape
    9. Regional Market Trends
    10. Pricing Analysis
    11. Patent Analysis
    12. Value Chain Analysis
    13. Downstream Buyers
    14. Distributors/Traders List
  4. Chapter No. 4: Competitive Landscape
    1. Competition Matrix – 2020
    2. Company Market Share Analysis – 2020
      1. Company Market Share, 2020
      2. Company Market Revenue, 2017 – 2020 (USD Million)
      3. Company Y-o-Y Growth, 2018 – 2020 (%)
    3. Strategic Developments
      1. CAcquisitions & Mergers
      2. New Product Launch
      3. New Product Launch
    4. New Product Launch
  5. Chapter No. 5: COVID 19 Impact Analysis
    1. Impact Assessment of COVID-19 Pandemic, By Asia Pacific
      1. North America
      2. Europe
      3. Asia Pacific
      4. Latin America
      5. Middle East & Africa
    2. Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
    3. Pre COVID-19 Market Revenue, By Asia Pacific, 2016-2019 (USD Million)
    4. Post COVID-19 Market Revenue, By Asia Pacific, 2020-2028 (USD Million)
    5. Key Strategies Undertaken by Companies to Tackle COVID-19
    6. Short Term Dynamics
    7. Long Term Dynamics
  6. Chapter No. 6: Global Automotive Electric Power Steering (EPS) Market - Segment Analysis
    1. Overview
    2. Global Automotive Electric Power Steering (EPS) Market, 2016 – 2028 (USD Million)
      1. Global Market Revenue, By Asia Pacific, 2020 & 2028
    3. Global Market Revenue, By Asia Pacific, 2020 & 2028
      1. Global Market Revenue, By Asia Pacific, 2020 & 2028
    4. Global Keyword Market - By Type
      1. Overview
    5. Global Keyword Market - By Vehicle Type
      1. Overview
    6. Global Keyword Market - By Asia Pacific
      1. Overview
      2. Global Market Revenue, By Asia Pacific, 2016 – 2028 (USD Million)
  7. Chapter No. 7: North America Automotive Electric Power Steering (EPS) Market - Segment Analysis
    1. Overview
    2. North America Automotive Electric Power Steering (EPS) Market, 2016 – 2028 (USD Million)
    3. North America Market, By Component Type
      1. North America Market Revenue, By Component Type, 2016 – 2028
    4. North America Market, By Type
      1. North America Market Revenue, By Type, 2016 – 2028
    5. North America Market, By Vehicle Type
      1. North America Market Revenue, By Vehicle Type, 2016 – 2028
    6. North America Market, By
      1. North America Market Revenue, By , 2016 – 2028 (USD Million)
  8. Chapter No. 8: Europe Automotive Electric Power Steering (EPS) Market - Segment Analysis
    1. Overview
    2. Europe Automotive Electric Power Steering (EPS) Market, 2016 – 2028 (USD Million)
      1. Europe Market Revenue Share, By , 2020 & 2028
    3. Europe Market, By Component Type
      1. Europe Market Revenue, By Component Type, 2016 – 2028
    4. Europe Market, By Type
      1. Europe Market Revenue, By Type, 2016 – 2028
    5. Europe Market, By Vehicle Type
      1. Europe Market Revenue, By Vehicle Type, 2016 – 2028
    6. Europe Market, By
      1. Europe Market Revenue, By , 2016 – 2028 (USD Million)
  9. Chapter No. 9: Asia Pacific Automotive Electric Power Steering (EPS) Market - Segment Analysis
    1. Overview
    2. Asia Pacific Automotive Electric Power Steering (EPS) Market, 2016 – 2028 (USD Million)
      1. Asia Pacific Market Revenue Share, By , 2020 & 2028
    3. Asia Pacific Market, By Component Type
      1. Asia Pacific Market Revenue, By Component Type, 2016 – 2028
    4. Asia Pacific Market, By Type
      1. Asia Pacific Market Revenue, By Type, 2016 – 2028
    5. Asia Pacific Market, By Vehicle Type
      1. Asia Pacific Market Revenue, By Vehicle Type, 2016 – 2028
    6. Asia Pacific Market, By
      1. Asia Pacific Market Revenue, By , 2016 – 2028 (USD Million)
  10. Chapter No. 10: Latin America Automotive Electric Power Steering (EPS) Market - Segment Analysis
    1. Overview
    2. Latin America Automotive Electric Power Steering (EPS) Market, 2016 – 2028 (USD Million)
      1. Latin America Market Revenue Share, By , 2020 & 2028
    3. Latin America Market, By Component Type
      1. Latin America Market Revenue, By Component Type, 2016 – 2028
    4. Latin America Market, By Type
      1. Latin America Market Revenue, By Type, 2016 – 2028
    5. Latin America Market, By Vehicle Type
      1. Latin America Market Revenue, By Vehicle Type, 2016 – 2028
    6. Latin America Market, By
      1. Latin America Market Revenue, By , 2016 – 2028 (USD Million)
  11. Chapter No. 11: Middle East & Africa Automotive Electric Power Steering (EPS) Market - Segment Analysis
    1. Overview
    2. Middle East & Africa Automotive Electric Power Steering (EPS) Market, 2016 – 2028 (USD Million)
      1. Middle East & Africa Market Revenue Share, By , 2020 & 2028
    3. Middle East & Africa Market, By Component Type
      1. Middle East & Africa Market Revenue, By Component Type, 2016 – 2028
    4. Middle East & Africa Market, By Type
      1. Middle East & Africa Market Revenue, By Type, 2016 – 2028
    5. Middle East & Africa Market, By Vehicle Type
      1. Middle East & Africa Market Revenue, By Vehicle Type, 2016 – 2028
    6. Middle East & Africa Market, By
      1. Middle East & Africa Market Revenue, By , 2016 – 2028 (USD Million)
  12. Chapter No. 12: Marketing Strategy Analysis
    1. Marketing Channel
    2. Direct Marketing
    3. Indirect Marketing
    4. Marketing Channel Development Trends
    5. Economic/Political Environmental Change
  13. Chapter No. 13: Company Profiles
    1. Company
  14. Chapter No. 14: Research Methodology
    1. Research Methodology
    2. Phase I - Secondary Research
    3. Phase II - Data Modeling
      1. Company Share Analysis Model
      2. Revenue Based Modeling
    4. Phase III - Primary Research
    5. Research Limitations
      1. Research Limitations
FAQ
Frequently Asked Question

  • The global Automotive Electric Power Steering (EPS) valued at 20.12 Billion in 2020 and is expected to reach 33.91 Billion in 2028 growing at a CAGR of 6.72%%.

  • The prominent players in the market are GKN PLC, Hyundai Mobis Co. Ltd., Thyssenkrupp Presta AG, Mitsubishi Electric Corporation, Nexteer Automotive, Hitachi Automotive Systems Ltd, ZF Friedrichshafen AG, Robert Bosch GmbH, Hubei Henglong Auto System Group, JTEKT Corporation, Denso Corporation, NSK Ltd..

  • The market is project to grow at a CAGR of 6.72%% between 2021 and 2028.

  • The driving factors of the Automotive Electric Power Steering (EPS) include

    • The increasing government initiatives for safer automotive systems are anticipated to augment the growth of the automotive electric power steering (EPS) market during the forecast period. This is owing to the increasing percentage of the road accidents taking place. About 1.24 million people die in road accidents each year on an average across the world, half of whom are vulnerable road users, such as pedestrians and motorcyclists, while the other half die because of side-impact accidents. According to the World Health Organization (WHO), 80% of cars sold in the world are not compliant with the main safety standards. Only 40 countries have adopted the full set of the seven most important regulations for car safety. The significant increase in the number of accidents has encouraged consumers to adopt for better safety systems in their vehicles. Several automobile manufacturers are incorporating new technologies like direct adaptive steering in vehicles, which involves sensors in the car that constantly monitor the position of the steering wheel are factors driving the market
    • The rising vehicle sale across the globe is anticipated to augment the growth of the automotive electric power steering (EPS) market during the forecast period. This is owing to the rapid urbanization, increasing industrialization, increasing disposable income of the consumers, and advancement in technologies. Furthermore, the increasing adoption of personal vehicles with luxurious features has also increased the global sales of automobiles and its production by the manufacturers which in turn is expected to support the growth of the automotive electric power steering (EPS) market in the forecast period.

  • Asia Pacific was the leading regional segment of the Automotive Electric Power Steering (EPS) in 2020.

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