Automotive Electronic Power Steering is a very popular steering system, a power steering system that directly relies on the motor to provide auxiliary torque; Currently, most of the vehicle are installed the electronic power steering system, and the electronic power steering system can reduce about 5% fuel consumption.
This report aims to provide a comprehensive presentation of the global market for Automotive Electronic 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 Electronic Power Steering. This report contains market size and forecasts of Automotive Electronic Power Steering in global, including the following market information:
- Global Automotive Electronic Power Steering Market Revenue, 2018-2023, 2024-2029, ($ millions)
- Global Automotive Electronic Power Steering Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Automotive Electronic Power Steering companies in 2022 (%)
The global Automotive Electronic Power Steering market was valued at US$ 29770 million in 2022 and is projected to reach US$ 45420 million by 2029, at a CAGR of 6.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The major players in global Automotive Electronic Power Steering market include JTEKT, Bosch, Nexteer Automobile, etc. The top 3 players hold about 60% of global market shares. North America and Europe are main markets, they occupy about 50% of the global market. C-EPS is the main type, with a share over 50%. Passenger Vehicle is the key application, which hold over 90% shares.
We surveyed the Automotive Electronic 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 Electronic Power Steering Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Automotive Electronic Power Steering Market Segment Percentages, by Type, 2022 (%)
Global Automotive Electronic Power Steering Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Automotive Electronic Power Steering Market Segment Percentages, by Application, 2022 (%)
- Passenger Vehicle
- Commercial Vehicle
Global Automotive Electronic Power Steering Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Automotive Electronic Power Steering Market Segment Percentages, By Region and Country, 2022 (%)
- 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 Electronic Power Steering revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Automotive Electronic Power Steering revenues share in global market, 2022 (%)
- Key companies Automotive Electronic Power Steering sales in global market, 2018-2023 (Estimated), (K Units)
- Key companies Automotive Electronic Power Steering sales share in global market, 2022 (%)
- Further, the report presents profiles of competitors in the market, key players include:
- JTEKT
- Bosch
- Nexteer Automobile
- ZF
- NSK
- Mobis
- Showa
- Thyssenkrupp
- Mando
- CAAS
- Outline of Major Chapters:
- Chapter 1: Introduces the definition of Automotive Electronic Power Steering, market overview.
- Chapter 2: Global Automotive Electronic Power Steering market size in revenue and volume.
- Chapter 3: Detailed analysis of Automotive Electronic 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 Electronic 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 Electronic 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.
