Report overview
Automotive Electronic Power Steering System 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 Electric Powered Steering Systems, 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 Electric Powered Steering Systems. This report contains market size and forecasts of Automotive Electric Powered Steering Systems in global, including the following market information:
Global Automotive Electric Powered Steering Systems Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Automotive Electric Powered Steering Systems Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Automotive Electric Powered Steering Systems companies in 2022 (%)
The global Automotive Electric Powered Steering Systems market was valued at US$ 29540 million in 2022 and is projected to reach US$ 37470 million by 2029, at a CAGR of 3.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
JTEKT, Bosch, NSK, Nexteer and ZF are the top 5 manufacturters of Automotive Electric Power Steering Systems, with about 83% market shares.
We surveyed the Automotive Electric Powered Steering Systems 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 Electric Powered Steering Systems Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Automotive Electric Powered Steering Systems Market Segment Percentages, by Type, 2022 (%)
Column Type
Pinion-and-rack Type
Double pinion Type
Ball screw Type
Global Automotive Electric Powered Steering Systems Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Automotive Electric Powered Steering Systems Market Segment Percentages, by Application, 2022 (%)
Passenger Cars
Commercial Vehicle
Global Automotive Electric Powered Steering Systems Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Automotive Electric Powered Steering Systems 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 Electric Powered Steering Systems revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Automotive Electric Powered Steering Systems revenues share in global market, 2022 (%)
Key companies Automotive Electric Powered Steering Systems sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Automotive Electric Powered Steering Systems sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Nexteer Automobile
TRW
JTEKT Corporation
Bosch
NSK Motion&Control
Showa Corporation
Thyssenkrupp
Mando Corporation
Beijing Hainanchuan Automotive Parts Co.
Tri-ring Group
Elite Electro Mechanical
Zhejiang Shibao Holding Group
Hyundai MOBIS
Outline of Major Chapters:
Chapter 1: Introduces the definition of Automotive Electric Powered Steering Systems, market overview.
Chapter 2: Global Automotive Electric Powered Steering Systems market size in revenue and volume.
Chapter 3: Detailed analysis of Automotive Electric Powered Steering Systems 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 Electric Powered Steering Systems 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 Electric Powered Steering Systems 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.
