Electric Power Steering System Market, Growth, Share, Size, Trends, Industry Analysis, Forecast and Future Outlook – 2030

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The market research report provides a comprehensive analysis of the industry, with a specific focus on the Electric Power Steering System Market. It examines the size, growth rate, and major trends within the Electric Power Steering System Market, offering valuable insights into its current state and future prospects. The report explores the significance of Fibre Reinforced Polymer Composites (FRP) in driving market dynamics and shaping business strategies. It investigates the market drivers, such as increasing consumer demand and emerging trends related to Fibre Reinforced Polymer Composites (FRP), providing a deep understanding of the factors influencing market growth. Additionally, the report assesses the competitive landscape within the Electric Power Steering System Market, profiling key players and their market share, strategies, and product offerings. It also addresses market segmentation, identifying different segments within the Electric Power Steering System Market and their unique characteristics. Overall, the market research report equips businesses operating in the Electric Power Steering System Market with valuable information and actionable recommendations to capitalize on opportunities and navigate the challenges in the industry.

 

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This research covers COVID-19 impacts on the upstream, midstream and downstream industries. Moreover, this research provides an in-depth market evaluation by highlighting information on various aspects covering market dynamics like drivers, barriers, opportunities, threats, and industry news & trends. In the end, this report also provides in-depth analysis and professional advices on how to face the post COIVD-19 period.

The research methodology used to estimate and forecast this market begins by capturing the revenues of the key players and their shares in the market. Various secondary sources such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, have been used to identify and collect information useful for this extensive commercial study of the market. Calculations based on this led to the overall market size. After arriving at the overall market size, the total market has been split into several segments and sub segments, which have then been verified through primary research by conducting extensive interviews with industry experts such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub segments.

 

Key Market Segmentation

Electric Power Steering System Market – By Type

C-EPS

R-EPS

P-EPS

 

Electric Power Steering System Market – By Component

Sensor

Steering Column

Steering Motor

Other

Electric Power Steering System Market  – By Electric Motor Type

Brushless DC Motors

Brushed DC Motors

 

Electric Power Steering System Market  – By Mechanism

Collapsible EPS

Rigid EPS

 

Electric Power Steering System Market – By Vehicle Type

Passenger Vehicles

Light Commercial Vehicles

Heavy Commercial Vehicles

 

Electric Power Steering System Market – By Region

North America

US

Canada

Mexico

Europe

Germany

UK

France

Italy

Spain

Russia

Benelux

Nordics

Rest of Europe

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific

Middle East and Africa

South America

 

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Table of Content

 1 Executive Summary

 

 2 Market Introduction

2.1 Definition

2.2 Architecture

2.3 Scope of the Study

2.4 Related Stakeholders

 

 3 Research Methodology

3.1 Introduction

3.2 Primary Research

3.2.1    Key Insights

3.2.2    Breakdown of Primary Interviews

3.3 Secondary Research

3.3.1    Important Sources

3.4 Market Size Estimation Approaches

3.4.1    Top-Down Approach

3.4.2    Bottom-Up Approach

3.4.3    Data Triangulation

3.5 List of Assumptions

 

 4 Market Dynamics

4.1 Introduction

4.2 Drivers

4.2.1    Rapidly expanding automotive industry across the geographies

4.2.2    Rising demand for passenger vehicles particularly in the developing countries

4.3 Restraints

4.3.1    High cost of electric power steering system

4.4 Opportunities

4.4.1    Increasing use of electric power steering system in the commercial vehicles

4.5 Porter’s Five Forces Model Analysis

4.6 Value Chain Analysis

4.7 Impact of COVID-19 on Global Electric Power Steering System Market

 

 5 Global Electric Power Steering System Market, By Type

5.1 Introduction

5.2 C-EPS

5.3 R-EPS

5.4 P-EPS

 

 6 Global Electric Power Steering System Market, By Component

6.1 Introduction

6.2 Sensor

6.3 Steering Column

6.4 Steering Motor

6.5 Other

 

 7 Global Electric Power Steering System Market, By Electric Motor Type

7.1 Introduction

7.2 Brushless DC Motors

7.3 Brushed DC Motors

 

 8 Global Electric Power Steering System Market, By Mechanism

8.1 Introduction

8.2 Collapsible EPS

8.3 Rigid EPS

 

 9 Global Electric Power Steering System Market, By Vehicle Type

9.1 Introduction

9.2 Passenger Vehicles

9.3 Light Commercial Vehicles

9.4 Heavy Commercial Vehicles

 

 10 Global Electric Power Steering System Market, By Region

10.1 Introduction

10.2 North America

10.2.1 US

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 Rest of Europe

10.4 Asia-Pacific

10.4.1 China

10.4.2 India

10.4.3 Japan

10.4.4 South Korea

10.4.5 Rest of Asia-Pacific

10.5 Middle East and Africa

10.6 South America

 

 11 Competitive Landscape

11.1 Introduction

11.2 Vendor Evaluation Criteria

11.3 Vendor Share Analysis, 2020

11.4 Recent Developments, 2018-2021

11.4.1 New Product Launches

11.4.2 Partnerships

11.4.3 Mergers or Acquisitions

11.4.4 Business Expansions

 

 12 Company Profiles

(This section covers the Business Overview, Financial Overview, Product and Product Offerings, Recent Developments, SWOT Analysis, and Key Strategies of the top market vendors. The given sequence does not represent their rankings in the market.

12.1 Showa Corporation

12.2 JTEKT Corporation

12.3 Nexteer Automotive

12.4 Hyundai Mobis

12.5 Thyssenkrupp AG

12.6 ZF Friedrichshafen AG

12.7 Robert Bosch GmbH

12.8 BORGWARNER

12.9 Mitsubishi Electric Corporation

12.10  Tenneco

12.11  The Mando Corporation

12.12  HYCET Technology Co., Ltd.

 

 13 Appendix

13.1 Discussion Guide

13.2 Customization Options

13.3 Related Reports

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