Report overview
EPS is the abbreviation of Electric Power Steering in English, that is, electric power steering system. Electric power steering system is the development direction of automobile steering system. The system uses the electric motor to directly provide steering assistance, eliminating the power steering oil pump, hose, hydraulic oil, conveyor belt and the pulley installed on the engine that are necessary for the hydraulic power steering system, which saves energy and protects the environment. In addition, it also has the characteristics of simple adjustment, flexible assembly, and can provide steering assistance under various conditions.
This report aims to provide a comprehensive presentation of the global market for EPS Motors, 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 EPS Motors. This report contains market size and forecasts of EPS Motors in global, including the following market information:
Global EPS Motors Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global EPS Motors Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five EPS Motors companies in 2022 (%)
The global EPS Motors market was valued at US$ 2360.9 million in 2022 and is projected to reach US$ 2767.7 million by 2029, at a CAGR of 2.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
EPS motor is classified as CEPS motor, REPS motor, PEPS motor, EHPS motor, etc. It is mainly used in passenger cars and commercial vehicles. At present, the main global manufacturers include Nidec, Bosch, mitsuishi electric, Denso and ZF. In 2019, the share of top 5 major manufacturers accounts for more than 78%. It is expected that the industry competition will be more intense in the next few years, especially in China market.
We surveyed the EPS Motors 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 EPS Motors Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global EPS Motors Market Segment Percentages, by Type, 2022 (%)
CEPS Motor
REPS Motor
PEPS Motor
EHPS Motor
Global EPS Motors Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global EPS Motors Market Segment Percentages, by Application, 2022 (%)
Passenger Vehicle
Commercial Vehicle
Global EPS Motors Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global EPS Motors 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 EPS Motors revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies EPS Motors revenues share in global market, 2022 (%)
Key companies EPS Motors sales in global market, 2018-2023 (Estimated), (K Units)
Key companies EPS Motors sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Nidec
Bosch
Mitsubishi Electric
Denso
ZF
LG Innotek
Mitsuba
Zhuzhou Elite Electro Mechanical Co., Ltd
Fuxin Dare Automotive Parts Co.,Ltd
Outline of Major Chapters:
Chapter 1: Introduces the definition of EPS Motors, market overview.
Chapter 2: Global EPS Motors market size in revenue and volume.
Chapter 3: Detailed analysis of EPS Motors 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 EPS Motors 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 EPS Motors 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.
