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Electric Power Steering Market by Component, Type (CEPS, PEPS, REPS), Mechanism (Collapsible, Rigid), Electric Motor Type, Application, Off-Highway (Construction, Agricultural), EV (BEV, PHEV, HEV), EV Gear Type and Region - Global Forecast to 2027

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    Report

  • 261 Pages
  • April 2022
  • Region: Global
  • Markets and Markets
  • ID: 5578597
Description Jump to:
The global electric power steering market is estimated to be at USD 24.3 billion in 2021 and is projected to grow at a CAGR of 5.0% during the forecast period to, USD 33.4 billion by 2027. Column Assist EPS (CEPS) has proved to be the perfect solution for compact vehicles that have lesser space in the engine room because the power assist unit is located in the cabin. This system integrates the system electronics (motor, controller, and sensor) and the assist mechanism with the steering column. Around 60% of vehicles that have an EPS system feature CEPS steering systems. However, the introduction of steer-by-wire (SBW) technology can hinder the growth of this market as this technology is said to hit the passenger cars first and replace EPS systems to a major extent in the near future.



BEV market of electric power steering is estimated to experience the highest market share during the forecast period

The electric power steering market for Battery Electric Vehicles BEV is estimated to have the highest market share during the forecast period. The growth of this segment can be attributed to the high-volume production of BEVs due to increasing demand and availability of infrastructure for the production of batteries complemented by a regulatory push towards more efficient technologies. 

Asia Pacific is estimated to be the fastest-growing electric power steering market

The electric power steering market for Asia Pacific is estimated to grow at the highest CAGR during the forecast period. High volume markets with increased demand for electronic and fuel-efficient systems in passenger cars make Asia Pacific the largest and fastest-growing market for electric power steering. Also, the existing and upcoming vehicle emission regulations in developing countries will further drive the market growth in the region.

The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows: 
  • By Company Type - Tier 1 - 50%, Tier 2 - 33%, Others -  17% 
  • By Designation - C level - 45%, D level - 35%, Others - 20%
  • By Region - Europe - 45%, Asia Pacific - 20%, North America - 22%, Rest of the World - 13%

Major players profiled in the report are: Robert Bosch (Germany), BorgWarner (UK), Mitsubishi Electric (Japan), JTEKT (Japan), Nexteer (US),ZF (Germany), ThyssenKrupp (Germany),NSK (Japan)Hyundai Mobis (South Korea) and Tenneco (US).

Research Coverage:

The report segments the electric power steering market and forecasts its size, by volume and value, on the basis of region (Asia Pacific, Europe, North America, and RoW), component (steering column, sensors, steering gear, mechanical rack and pinion, electronic control unit, electric motor, and bearings), electric motor (brush and brushless), application (passenger cars and commercial vehicles), electric vehicle type (BEV, FCEV, and PHEV), EV Gear (worm and ball screw), off-highway (construction equipment and agricultural equipment), type (REPS, CEPS, and PEPS), and mechanism (rigid and collapsible). 
The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the global electric power steering market. Apart from analysing the quantitative aspects, the report also covers qualitative aspects such as macroeconomic analysis for the global electric power steering market.   

Reasons to Buy the Report:

The report provides insights into the following points:
  • Market Penetration: The report provides comprehensive information about the electric power steering market and the top players in the market. 
  • Product Development/Innovation: The report gives detailed insights into upcoming technologies, R&D activities, and new product launches in the electric power steering market.
  • Market Development: The report provides comprehensive information about electric power steering. The report analyses the electric power steering market across regions.
  • Market Diversification: The report provides exhaustive information about new products, untapped regional markets, recent developments, and investments in the electric power steering market.

Table of Contents

1. Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Inclusions & Exclusions
1.3 Market Scope
Figure 1 Market Segments of the Electric Power Steering Market
1.3.1 Years Considered in the Report
1.4 Package Size
1.5 Limitations
1.6 Stakeholders
1.7 Summary of Changes
2. Research Methodology
2.1 Research Data
Figure 2 Electric Power Steering Market: Research Design
Figure 3 Research Design Model
2.1.1 Secondary Data
2.1.1.1 Key Secondary Sources
2.1.1.2 Key Data from Secondary Sources
2.1.2 Primary Data
Figure 4 Breakdown of Primary Interviews
2.1.3 Primary Participants
2.2 Market Estimation Methodology
Figure 5 Research Methodology: Hypothesis Building
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
Figure 6 Electric Power Steering Market: Bottom-Up Approach
2.3.2 Top-Down Approach
Figure 7 Electric Power Steering Market: Top-Down Approach
2.3.3 Research Design and Methodology
Figure 8 Research Approach: Electric Power Steering Market
2.3.4 Demand-Side Approach
2.4 Data Triangulation
Figure 9 Data Triangulation
2.5 Factor Analysis
2.5.1 Factor Analysis for Market Sizing: Demand- and Supply-Side
2.6 Research Assumptions
2.7 Research Limitations
3. Executive Summary
Figure 10 Electric Power Steering Market: Asia-Pacific to be the Largest Market During the Forecast Period
Figure 11 Electric Power Steering Market, by Type (USD Million)
Figure 12 Electric Power Steering Market, by Mechanism (USD Million)
Figure 13 Electric Power Steering Market, by Electric Vehicle (USD Million)
Figure 14 Electric Power Steering Market, by Electric Motor Type (USD Million)
4. Premium Insights
4.1 Attractive Opportunities in the Electric Power Steering Market
Figure 15 Attractive Opportunities in this Market, 2021 Vs. 2026 (USD Billion)
4.2 Electric Power Steering Market, by Region, 2021 Vs. 2026 (USD Million)
Figure 16 Asia-Pacific is Expected to Lead the Electric Power Steering Market During the Forecast Period
4.3 Electric Power Steering Market, by Type, 2021 Vs. 2026 (USD Million)
Figure 17 the Column Assist EPS is Expected to Lead the Electric Power Steering Market
4.4 Electric Power Steering Market, by Application, 2021 Vs. 2026 (USD Million)
Figure 18 the Passenger Cars Segment is Expected to Lead the Electric Power Steering Market
4.5 Electric Power Steering Market, by Component, 2021 Vs. 2026 (USD Million)
Figure 19 Steering Gear Component is Expected to Have the Highest Market Share in the Electric Power Steering Market
4.6 Electric Power Steering Market, by Mechanism, 2021 Vs. 2026 (USD Million)
Figure 20 Collapsible Steering Column is Expected to Lead the Electric Power Steering Market, by Mechanism
4.7 Electric Power Steering Market, by Electric Motor, 2021 Vs. 2026 (USD Million)
Figure 21 Even Though the Brushed Motor Has the Highest Market Value Currently, Brushless Motor Shows a Promising Growth by 2025 in the Electric Power Steering Market, by Electric Motor
4.8 Electric Power Steering Market, by Electric Vehicle, 2021 Vs. 2026 (USD Million)
Figure 22 Hybrid Electric Vehicle Segment is Expected to Lead the Electric Power Steering Market, by Electric Vehicle Type
4.9 Electric Power Steering Market, by Off-Highway Application, 2021 vs 2026 (USD Million)
Figure 23 Agricultural Equipment Market is Expected to Lead the Electric Power Steering Market
5. Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 24 Electric Power Steering: Market Dynamics
5.2.1 Drivers
5.2.1.1 Regulatory Push Towards Efficient Technologies
Figure 25 Global Emission Regulations for Light-Duty Vehicles, by Country, 2014-2025
5.2.1.2 Global Measures by OEMs to Reduce Complexity and Weight of Vehicles
Table 1 Mass Reduction by Use of Lightweight Material
5.2.1.3 Increasing Vehicle Production
Table 2 Global Light Vehicle Sales Forecast, by Region, 2020-2023 (Million Units)
5.2.2 Restraints
5.2.2.1 Higher Cost of EPS as Compared to Traditional Steering Systems
5.2.2.2 Lack of Steering Feel
5.2.2.3 Limited Load-Bearing Capacity of EPS Systems
Table 3 Steering Rack Force Limit, by Passenger Car
5.2.3 Opportunities
5.2.3.1 Adoption of Steer-By-Wire Technology
Figure 26 Working of Steer-By-Wire Technology
Figure 27 Advantages and Disadvantages of Steer-By-Wire
Figure 28 Pros and Cons of Steer-By-Wire Systems
5.2.3.2 Penetration in Commercial Vehicles
5.2.3.3 Enabling ADAS Features in EPS
5.2.4 Challenges
5.2.4.1 Maintaining Market Against Steer-By-Wire Technology
5.2.4.2 Autonomous Vehicles Without Steering Wheels
5.2.4.3 Failure of EPS System Subcomponents
5.3 Macro-Indicator Analysis
5.3.1 Introduction
5.3.2 Macro Indicators Influencing the Electric Power Steering Market for Top 3 Countries
5.3.2.1 China
Figure 29 China: Rising GDP PPP is Expected to Drive the Electric Power Steering Market During the Forecast Period
5.3.2.2 US
Figure 30 Us: GNI Per Capita is Expected to Play a Crucial Role Owing to Increase in Manufacturing Employment
5.3.2.3 Germany
Figure 31 Germany: Purchasing Power of Customers is Expected to Drive the Electric Power Steering Market
5.4 Porter's Five Forces Analysis
Figure 32 Porter's Five Forces Analysis: Presence of Established Global Players Increases the Degree of Competition
5.4.1 Threat of Substitutes
5.4.2 Threat of New Entrants
5.4.3 Bargaining Power of Buyers
5.4.4 Bargaining Power of Suppliers
5.4.5 Rivalry Among Existing Competitors
5.5 EPS Ecosystem
5.6 Supply Chain Analysis
Figure 33 Supply Chain Analysis of Electric Power Steering Market
5.6.1 Automotive Electric Power Steering System Market: Supply Chain
5.7 Patent Analysis
5.7.1 Applications and Patents Granted, 2019
5.8 Introduction to COVID-19
5.8.1 Impact of COVID-19 on the Automotive Industry
5.8.2 OEM Announcements
Table 4 OEM Announcements
5.8.3 Impact on Automotive Production
5.9 Electric Power Steering Market, Scenarios (2020-2026)
Figure 34 Electric Power Steering Market - Future Trends and Scenario, 2021-2026 (USD Million)
5.9.1 Most Likely Scenario
Table 5 Most Likely Scenario, by Region, 2021-2026 (USD Million)
5.9.2 Optimistic Scenario
Table 6 Optimistic Scenario, by Region, 2021-2026 (USD Million)
5.9.3 Pessimistic Scenario
Table 7 Pessimistic Scenario, by Region, 2021-2026 (USD Million)
6. Industry Trends
6.1 Technology Overview
Figure 35 the Evolution of EPS System (2005-2030)
6.2 ADAS Features: Automated Steering System
Figure 36 Roadmap of ADAS for Top 3 Nations (2013-2030)
6.3 Steer-By-Wire (SBW): Cutting Edge of Steering System
Figure 37 Reach of SBW in Automated Steering System Market
6.3.1 Types of SBW Technology
6.3.1.1 Type I
6.3.1.2 Type Ii
6.3.1.3 Type Iii
Figure 38 Three Types of Steer-By-Wire
6.4 Fail Safe Mechanism
Table 8 Fail Safe Mechanism of EPS System
7. Electric Power Steering Market, by Component
7.1 Introduction
Figure 39 Electric Power Steering Market, by Component, 2021 Vs. 2026 (USD Million)
Table 9 Electric Power Steering Market, by Component, 2018-2020 (USD Million)
Table 10 Electric Power Steering Market, by Component, 2021-2026 (USD Million)
7.2 Steering Column
Figure 40 Steering Column: Market, by Region, 2021 Vs. 2026 (USD Million)
Table 11 Steering Column: Market, by Region, 2018-2020 (USD Million)
Table 12 Steering Column: Market, by Region, 2021-2026 (USD Million)
Table 13 Steering Column: Market, by Application, 2018-2020 (USD Million)
Table 14 Steering Column: Market, by Application, 2021-2026 (USD Million)
7.3 Sensors
Figure 41 Sensors: EPS Market, by Region, 2021 Vs. 2026 (USD Million)
Table 15 Sensors: EPS Market, by Region, 2018-2020 (USD Million)
Table 16 Sensors: EPS Market, by Region, 2021-2026 (USD Million)
Table 17 Sensors: EPS Market, by Application, 2018-2020 (USD Million)
Table 18 Sensors: EPS Market, by Application, 2021-2026 (USD Million)
7.4 Steering Gear
Figure 42 Steering Gear: Market, by Region, 2021 Vs. 2026 (USD Million)
Table 19 Steering Gear: Market, by Region, 2018-2020 (USD Million)
Table 20 Steering Gear: Market, by Region, 2021-2026 (USD Million)
Table 21 Steering Gear: Market, by Application, 2018-2020 (USD Million)
Table 22 Steering Gear: Market, by Application, 2021-2026 (USD Million)
7.5 Mechanical Rack and Pinion
Figure 43 Mechanical Rack and Pinion: Market, by Region, 2021 Vs. 2026 (USD Million)
Table 23 Mechanical Rack and Pinion: Market, by Region, 2018-2020 (USD Million)
Table 24 Mechanical Rack and Pinion: Market, by Region, 2021-2026 (USD Million)
Table 25 Mechanical Rack and Pinion: Market, by Application, 2018-2020 (USD Million)
Table 26 Mechanical Rack and Pinion: Market, by Application, 2021-2026 (USD Million)
7.6 Electronic Control Unit (ECU)
Figure 44 Electronic Control Unit: Market, by Region, 2021 Vs. 2026 (USD Million)
Table 27 Electronics Control Unit: Market, by Region, 2018-2020 (USD Million)
Table 28 Electronics Control Unit: Market, by Region, 2021-2026 (USD Million)
Table 29 Electronics Control Unit: Market, by Application, 2018-2020 (USD Million)
Table 30 Electronics Control Unit: Market, by Application, 2021-2026 (USD Million)
7.7 Electric Motor
Figure 45 Electric Motor: Market, by Region, 2021 Vs. 2026 (USD Million)
Table 31 Electric Motor: Market, by Region, 2018-2020 (USD Million)
Table 32 Electric Motor: Market, by Region, 2021-2026 (USD Million)
Table 33 Electric Motor: Market, by Application, 2018-2020 (USD Million)
Table 34 Electric Motor: Market, by Application, 2021-2026 (USD Million)
7.8 Bearings
Figure 46 Bearings: EPS Market, by Region, 2021 Vs. 2026 (USD Million)
Table 35 Bearings: EPS Market, by Region, 2018-2020 (USD Million)
Table 36 Bearings: EPS Market, by Region, 2021-2026 (USD Million)
Table 37 Bearings: EPS Market, by Application, 2018-2020 (USD Million)
Table 38 Bearings: EPS Market, by Application, 2021-2026 (USD Million)
7.9 Key Industry Insights
8. Electric Power Steering Market, by Off-Highway Vehicles
8.1 Introduction
Figure 47 EPS Market, by Off-Highway Vehicles, 2021 Vs. 2026 (USD Million)
Table 39 EPS Market, by Off-Highway Vehicles, 2021-2026 (Thousand Units)
Table 40 EPS Market, by Off-Highway Vehicles, 2021-2026 (USD Million)
8.2 Agricultural Equipment
Figure 48 Agricultural Equipment: Market Size, by Region, 2021 Vs. 2026 (USD Million)
Table 41 Agricultural Equipment: Market, by Region, 2021-2026 (Thousand Units)
Table 42 Agricultural Equipment: Market, by Region, 2021-2026 (USD Million)
8.3 Construction Equipment
Figure 49 Construction Equipment: Market, by Region, 2026 (USD Million)
Table 43 Construction Equipment: Market, by Region, 2021-2026 (Thousand Units)
Table 44 Construction Equipment: Market, by Region, 2021-2026 (USD Million)
8.4 Key Industry Insights
9. Electric Power Steering Market, by Electric Motor Type
9.1 Introduction
Figure 50 Electric Power Steering Market, by Electric Motor Type, 2021 Vs. 2026 (USD Million)
Table 45 Electric Power Steering Market, by Electric Motor Type, 2018-2020 (Million Units)
Table 46 Electric Power Steering Market, by Electric Motor Type, 2021-2026 (Million Units)
Table 47 Electric Power Steering Market, by Electric Motor Type, 2018-2020 (USD Million)
Table 48 Electric Power Steering Market, by Electric Motor Type, 2021-2026 (USD Million)
9.2 Brushed DC Motors
Figure 51 Brushed DC Motors: EPS Market, by Region, 2021 Vs. 2026 (USD Million)
Table 49 Brushed DC Motors: EPS Market, by Region, 2018-2020 (Million Units)
Table 50 Brushed DC Motors: EPS Market, by Region, 2021-2026 (Million Units)
Table 51 Brushed DC Motors: EPS Market, by Region, 2018-2020 (USD Million)
Table 52 Brushed DC Motors: EPS Market, by Region, 2021-2026 (USD Million)
9.3 Brushless DC Motors
Figure 52 Brushless DC Motors: EPS Market, by Region, 2021 Vs. 2026 (USD Million)
Table 53 Brushless DC Motors: EPS Market, by Region 2018-2020 (Million Units)
Table 54 Brushless DC Motors: EPS Market, by Region, 2021-2026 (Million Units)
Table 55 Brushless DC Motors: EPS Market, by Region, 2018-2020 (USD Million)
Table 56 Brushless DC Motors: EPS Market, by Region, 2021-2026 (USD Million)
9.4 Key Industry Insights
10. Electric Power Steering Market, by Application
10.1 Introduction
Figure 53 Electric Power Steering Market, by Application, 2021 Vs. 2026 (USD Million)
Table 57 Electric Power Steering Market, by Application, 2018-2020 (Million Units)
Table 58 Electric Power Steering Market, by Application, 2021-2026 (Million Units)
Table 59 Electric Power Steering Market, by Application, 2018-2020 (Million USD)
Table 60 Electric Power Steering Market, by Application, 2021-2026 (Million USD)
10.2 Passenger Cars
Figure 54 Passenger Cars: EPS Market, by Region, 2021 Vs. 2026 (USD Million)
Table 61 Passenger Cars: EPS Market, by Region, 2018-2020 (Million Units)
Table 62 Passenger Cars: EPS Market, by Region, 2021-2026 (Million Units)
Table 63 Passenger Cars: EPS Market, by Region, 2018-2020 (USD Million)
Table 64 Passenger Cars: EPS Market, by Region, 2021-2026 (USD Million)
10.3 Commercial Vehicles
Figure 55 Commercial Vehicles: EPS Market, by Region, 2021 Vs. 2026 (USD Million)
Table 65 Commercial Vehicles: EPS Market, by Region 2018-2020 (Million Units)
Table 66 Commercial Vehicles: EPS Market, by Region, 2021-2026 (Million Units)
Table 67 Commercial Vehicles: EPS Market, by Region, 2018-2020 (USD Million)
Table 68 Commercial Vehicles: EPS Market, by Region, 2021-2026 (USD Million)
10.4 Key Industry Insights
11. Electric Power Steering Market, by Electric Vehicle
11.1 Introduction
11.2 Asia-Pacific
11.3 Europe
11.4 North America:
Figure 56 Electric Power Steering Market, by Electric Vehicle, 2021 Vs. 2026 (USD Million)
Table 69 Electric Power Steering Market, by Electric Vehicle, 2018-2020 (Thousand Units)
Table 70 Electric Power Steering Market, by Electric Vehicle, 2021-2026 (Thousand Units)
Table 71 Electric Power Steering Market, by Electric Vehicle, 2018-2020 (USD Million)
Table 72 Electric Power Steering Market, by Electric Vehicle, 2021-2026 (USD Million)
11.5 Battery Electric Vehicle (BEV)
Figure 57 Battery Electric Vehicles: EPS Market, by Region, 2021 Vs. 2026 (USD Million)
Table 73 Battery Electric Vehicles: EPS Market, by Region 2018-2020 (Thousand Units)
Table 74 Battery Electric Vehicles: EPS Market, by Region, 2021-2026 (Thousand Units)
Table 75 Battery Electric Vehicles: EPS Market, by Region, 2018-2020 (USD Million)
Table 76 Battery Electric Vehicles: EPS Market, by Region, 2021-2026 (USD Million)
11.5.1 Asia-Pacific
Table 77 Asia-Pacific: BEV EPS Market, by Country, 2018-2020 (Thousand Units)
Table 78 Asia-Pacific: BEV EPS Market, by Country, 2021-2026 (Thousand Units)
Table 79 Asia-Pacific: BEV EPS Market, by Country, 2018-2020 (USD Million)
Table 80 Asia-Pacific: BEV EPS Market, by Country, 2021-2026 (USD Million)
11.5.2 Europe
Table 81 Europe: BEV EPS Market, by Country, 2018-2020 (Thousand Units)
Table 82 Europe: BEV EPS Market, by Country, 2021-2026 (Thousand Units)
Table 83 Europe: BEV EPS Market, by Country, 2018-2020 (USD Million)
Table 84 Europe: BEV EPS Market, by Country, 2021-2026 (USD Million)
11.5.3 North America
Table 85 North America: BEV EPS Market, by Country, 2018-2020 (Thousand Units)
Table 86 North America: BEV EPS Market, by Country, 2021-2026 (Thousand Units)
Table 87 North America: BEV EPS Market, by Country, 2018-2020 (USD Million)
Table 88 North America: BEV EPS Market, by Country, 2021-2026 (USD Million)
11.6 Plug-In Hybrid Electric Vehicles (PHEV)
Figure 58 Plug-In Hybrid Electric Vehicles: EPS Market, by Region, 2021 Vs. 2026 (USD Million)
Table 89 Plug-In Hybrid Electric Vehicles: EPS Market, by Region, 2018-2020 (Thousand Units)
Table 90 Plug-In Hybrid Electric Vehicles: EPS Market, by Region, 2021-2026 (Thousand Units)
Table 91 Plug-In Hybrid Electric Vehicles: EPS Market, by Region, 2018-2020 (USD Million)
Table 92 Plug-In Hybrid Electric Vehicles: EPS Market, by Region, 2021-2026 (USD Million)
11.6.1 Asia-Pacific
Table 93 Asia-Pacific: PHEV EPS Market, by Country, 2018-2020 (Thousand Units)
Table 94 Asia-Pacific: PHEV EPS Market, by Country, 2021-2026 (Thousand Units)
Table 95 Asia-Pacific: PHEV EPS Market, by Country, 2018-2020 (USD Million)
Table 96 Asia-Pacific: PHEV EPS Market, by Country, 2021-2026 (USD Million)
11.6.2 Europe
Table 97 Europe: PHEV EPS Market, by Country, 2018-2020 (Thousand Units)
Table 98 Europe: PHEV EPS Market, by Country, 2021-2026 (Thousand Units)
Table 99 Europe: PHEV EPS Market, by Country, 2018-2020 (USD Million)
Table 100 Europe: PHEV EPS Market, by Country, 2021-2026 (USD Million)
11.6.3 North America
Table 101 North America: PHEV EPS Market, by Country, 2018-2020 (Thousand Units)
Table 102 North America: PHEV EPS Market, by Country, 2021-2026 (Thousand Units)
Table 103 North America: PHEV EPS Market, by Country, 2018-2020 (USD Million)
Table 104 North America: PHEV EPS Market, by Country, 2021-2026 (USD Million)
11.7 Fuel Cell Electric Vehicles (FCEV)
Figure 59 Fuel Cell Electric Vehicles: EPS Market, by Region, 2021 Vs. 2026 (USD Million)
Table 105 Fuel Cell Electric Vehicles: EPS Market, by Region, 2018-2020 (Thousand Units)
Table 106 Fuel Cell Electric Vehicles: EPS Market, by Region, 2021-2026 (Thousand Units)
Table 107 Fuel Cell Electric Vehicles: EPS Market, by Region, 2018-2020 (USD Million)
Table 108 Fuel Cell Electric Vehicles: EPS Market, by Region, 2021-2026 (USD Million)
11.7.1 Asia-Pacific
Table 109 Asia-Pacific: FCEV EPS Market, by Country, 2018-2020 (Thousand Units)
Table 110 Asia-Pacific: FCEV EPS Market, by Country, 2021-2026 (Thousand Units)
Table 111 Asia-Pacific: FCEV EPS Market, by Country, 2018-2020 (USD Million)
Table 112 Asia-Pacific: FCEV EPS Market, by Country, 2021-2026 (USD Million)
11.7.2 Europe
Table 113 Europe: FCEV EPS Market, by Country, 2018-2020 (Thousand Units)
Table 114 Europe: FCEV EPS Market, by Country, 2021-2026 (Thousand Units)
Table 115 Europe: FCEV EPS Market, by Country, 2018-2020 (USD Million)
Table 116 Europe: FCEV EPS Market, by Country, 2021-2026 (USD Million)
11.7.3 North America
Table 117 North America: FCEV EPS Market, by Country, 2018-2020 (Thousand Units)
Table 118 North America: FCEV EPS Market, by Country, 2021-2026 (Thousand Units)
Table 119 North America: FCEV EPS Market, by Country, 2018-2020 (USD Million)
Table 120 North America: FCEV EPS Market, by Country, 2021-2026 (USD Million)
12. Electric Power Steering Market for Electric Vehicle, by Gear Type
12.1 Introduction
12.2 Battery Electric Vehicle (BEV)
Table 121 Worm Gear: EPS Market for Battery Electric Vehicle, by Region, 2018-2020 (Thousand Units)
Table 122 Worm Gear: EPS Market for Battery Electric Vehicle, by Region, 2021-2026 (Thousand Units)
Table 123 Ball Screw: EPS Market for Battery Electric Vehicle, by Region, 2018-2020 (Thousand Units)
Table 124 Ball Screw: EPS Market for Battery Electric Vehicle, by Region, 2021-2026 (Thousand Units)
12.3 Plug-In Hybrid Electric Vehicle (PHEV)
Table 125 Worm Gear: EPS Market for Plug-In Hybrid Electric Vehicle, by Region, 2018-2020 (Thousand Units)
Table 126 Worm Gear: EPS Market for Plug-In Hybrid Electric Vehicle, by Region, 2021-2026 (Thousand Units)
Table 127 Ball Screw: EPS Market for Plug-In Hybrid Electric Vehicle, by Region, 2018-2020 (Thousand Units)
Table 128 Ball Screw: EPS Market for Plug-In Hybrid Electric Vehicle, by Region, 2021-2026 (Thousand Units)
12.4 Conclusion
13. Electric Power Steering Market, by Type
13.1 Introduction
Figure 60 Electric Power Steering Market Size, by Type, 2021 Vs. 2026 (USD Million)
Table 129 Electric Power Steering Market, by Type, 2018-2020 (Million Units)
Table 130 Electric Power Steering Market, by Type, 2021-2026 (Million Units)
Table 131 Electric Power Steering Market, by Type, 2018-2020 (USD Million)
Table 132 Electric Power Steering Market, by Type, 2021-2026 (USD Million)
13.2 C-EPS
Figure 61 C-EPS: Market, by Region, 2021 Vs. 2026 (USD Million)
Table 133 C-EPS: Market, by Region, 2018-2020 (Million Units)
Table 134 C-EPS: Market, by Region, 2021-2026 (Million Units)
Table 135 C-EPS: Market, by Region, 2018-2020 (USD Million)
Table 136 C-EPS: Market, by Region, 2021-2026 (USD Million)
13.3 P-EPS
Figure 62 P-EPS: Market, by Region, 2021 Vs. 2026 (USD Million)
Table 137 P-EPS: Market, by Region, 2018-2020 (Million Units)
Table 138 P-EPS: Market, by Region, 2021-2026 (Million Units)
Table 139 P-EPS: Market, by Region, 2018-2020 (USD Million)
Table 140 P-EPS: Market, by Region, 2021-2026 (USD Million)
13.4 R-EPS
Figure 63 R-EPS: Market, by Region, 2021 Vs. 2026 (USD Million)
Table 141 R-EPS: Market, by Region, 2018-2020 (Million Units)
Table 142 R-EPS: Market, by Region, 2021-2026 (Million Units)
Table 143 R-EPS: Market, by Region, 2018-2020 (USD Million)
Table 144 R-EPS: Market, by Region, 2021-2026 (USD Million)
13.5 Key Industry Insights
14. Electric Power Steering Market, by Mechanism
14.1 Introduction
Figure 64 Electric Power Steering Market Size, by Mechanism, 2021 Vs. 2026 (USD Million)
Table 145 Electric Power Steering Market Size, by Mechanism, 2018-2020 (Million Units)
Table 146 Electric Power Steering Market Size, by Mechanism, 2021-2026 (Million Units)
Table 147 Electric Power Steering Market Size, by Mechanism, 2018-2020 (USD Million)
Table 148 Electric Power Steering Market Size, by Mechanism, 2021-2026 (USD Million)
14.2 Collapsible EPS
Figure 65 Collapsible EPS: Market, by Region, 2021 vs 2026 (USD Million)
Table 149 Collapsible EPS: Market, by Region, 2018-2020 (Million Units)
Table 150 Collapsible EPS: Market, by Region, 2021-2026 (Million Units)
Table 151 Collapsible EPS: Market, by Region, 2018-2020 (USD Million)
Table 152 Collapsible EPS: Market, by Region, 2021-2026 (USD Million)
14.3 Rigid EPS
Figure 66 Rigid EPS: Market Size, by Region, 2021 Vs. 2026 (USD Million)
Table 153 Rigid EPS: Market, by Region, 2018-2020 (Million Units)
Table 154 Rigid EPS: Market, by Region, 2021-2026 (Million Units)
Table 155 Rigid EPS: Market, by Region, 2018-2020 (USD Million)
Table 156 Rigid EPS: Market, by Region, 2021-2026 (USD Million)
14.4 Key Industry Insights
15. Electric Power Steering Market, by Region
15.1 Introduction
Figure 67 Electric Power Steering Market, by Region, 2021 Vs. 2026 (USD Million)
Table 157 Electric Power Steering Market, by Region, 2018-2020 (Million Units)
Table 158 Electric Power Steering Market, by Region, 2021-2026 (Million Units)
Table 159 Electric Power Steering Market, by Region, 2018-2020 (USD Million)
Table 160 Electric Power Steering Market, by Region, 2021-2026 (USD Million)
15.2 Asia-Pacific
Figure 68 Asia-Pacific: Electric Power Steering Market Snapshot
Table 161 Asia-Pacific: Market, by Country, 2018-2020 (Million Units)
Table 162 Asia-Pacific: Market, by Country, 2021-2026 (Million Units)
Table 163 Asia-Pacific: Market, by Country, 2018-2020 (USD Million)
Table 164 Asia-Pacific: Market, by Country, 2021-2026 (USD Million)
15.2.1 China
Table 165 China: Vehicle Production Data, 2018-2020 (Thousand Units)
Table 166 China: Market, by Application, 2018-2020 (Million Units)
Table 167 China: Market, by Application, 2021-2026 (Million Units)
Table 168 China: Market, by Application, 2018-2020 (USD Million)
Table 169 China: Market, by Application, 2021-2026 (USD Million)
15.2.2 India
Table 170 India: Vehicle Production Data, 2018-2020 (Thousand Units)
Table 171 India: Market, by Application, 2018-2020 (Million Units)
Table 172 India: Market, by Application, 2021-2026 (Million Units)
Table 173 India: Market, by Application, 2018-2020 (USD Million)
Table 174 India: Market, by Application, 2021-2026 (USD Million)
15.2.3 Japan
Table 175 Japan: Vehicle Production Data, 2018-2020 (Thousand Units)
Table 176 Japan: Market, by Application, 2018-2020 (Million Units)
Table 177 Japan: Market, by Application, 2021-2026 (Million Units)
Table 178 Japan: Market, by Application, 2018-2020 (USD Million)
Table 179 Japan: Market, by Application, 2021-2026 (USD Million)
15.2.4 South Korea
Table 180 South Korea: Vehicle Production Data, 2018-2020 (Thousand Units)
Table 181 South Korea: Market, by Application, 2018-2020 (Million Units)
Table 182 South Korea: Market, by Application, 2021-2026 (Million Units)
Table 183 South Korea: Market, by Application, 2018-2020 (USD Million)
Table 184 South Korea: Market, by Application, 2021-2026 (USD Million)
15.3 Europe
Figure 69 Europe: Electric Power Steering Market, by Country, 2021 Vs. 2026 (USD Million)
Table 185 Europe: Electric Power Steering Market, by Country, 2018-2020 (Million Units)
Table 186 Europe: Electric Power Steering Market, by Country, 2021-2026 (Million Units)
Table 187 Europe: Electric Power Steering Market, by Country, 2018-2020 (USD Million)
Table 188 Europe: Electric Power Steering Market, by Country, 2021-2026 (USD Million)
15.3.1 Germany
Table 189 Germany: Vehicle Production Data, 2018-2020 (Thousand Units)
Table 190 Germany: Market, by Application, 2018-2020 (Million Units)
Table 191 Germany: Market, by Application, 2021-2026 (Million Units)
Table 192 Germany: Market, by Application, 2018-2020 (USD Million)
Table 193 Germany: Market, by Application, 2021-2026 (USD Million)
15.3.2 Italy
Table 194 Italy: Vehicle Production Data, 2018-2020 (Thousand Units)
Table 195 Italy: Market, by Application, 2018-2020 (Million Units)
Table 196 Italy: Market, by Application, 2021-2026 (Million Units)
Table 197 Italy: Market, by Application, 2018-2020 (USD Million)
Table 198 Italy: Market, by Application, 2021-2026 (USD Million)
15.3.3 France
Table 199 France: Vehicle Production Data, 2018-2020 (Thousand Units)
Table 200 France: Market, by Application, 2018-2020 (Million Units)
Table 201 France: Market, by Application, 2021-2026 (Million Units)
Table 202 France: Market, by Application, 2018-2020 (USD Million)
Table 203 France: Market, by Application, 2021-2026 (USD Million)
15.3.4 Spain
Table 204 Spain: Vehicle Production Data, 2018-2020 (Thousand Units)
Table 205 Spain: Market, by Application, 2018-2020 (Million Units)
Table 206 Spain: Market, by Application, 2021-2026 (Million Units)
Table 207 Spain: Market, by Application, 2018-2020 (USD Million)
Table 208 Spain: Market, by Application, 2021-2026 (USD Million)
15.3.5 UK
Table 209 UK: Vehicle Production Data, 2018-2020 (Thousand Units)
Table 210 UK: Market, by Application, 2018-2020 (Million Units)
Table 211 UK: Market, by Application, 2021-2026 (Million Units)
Table 212 UK: Market, by Application, 2018-2020 (USD Million)
Table 213 UK: Market, by Application, 2021-2026 (USD Million)
15.4 North America
Figure 70 North America: Electric Power Steering Market Snapshot
Table 214 North America: Market, by Country, 2018-2020 (Million Units)
Table 215 North America: Market, by Country, 2021-2026 (Million Units)
Table 216 North America: Market, by Country, 2018-2020 (USD Million)
Table 217 North America: Market, by Country, 2021-2026 (USD Million)
15.4.1 US
Table 218 US: Vehicle Production Data, 2018-2020 (Thousand Units)
Table 219 US: EPS Market, by Application, 2018-2020 (Million Units)
Table 220 US: EPS Market, by Application, 2021-2026 (Million Units)
Table 221 US: EPS Market, by Application, 2018-2020 (USD Million)
Table 222 US: EPS Market, by Application, 2021-2026 (USD Million)
15.4.2 Canada
Table 223 Canada: Vehicle Production Data, 2018-2020 (Thousand Units)
Table 224 Canada: Market, by Application, 2018-2020 (Million Units)
Table 225 Canada: Market, by Application, 2021-2026 (Million Units)
Table 226 Canada: Market, by Application, 2018-2020 (USD Million)
Table 227 Canada: Market, by Application, 2021-2026 (USD Million)
15.4.3 Mexico
Table 228 Mexico: Vehicle Production Data, 2018-2020 (Thousand Units)
Table 229 Mexico: Market, by Application, 2018-2020 (Million Units)
Table 230 Mexico: Market, by Application, 2021-2026 (Million Units)
Table 231 Mexico: Market, by Application, 2018-2020 (USD Million)
Table 232 Mexico: Market, by Application, 2021-2026 (USD Million)
15.5 Rest of the World (RoW)
Figure 71 Rest of the World: Electric Power Steering Market, by Country, 2021 Vs. 2026 (USD Million)
Table 233 Rest of the World: Electric Power Steering Market, by Country, 2018-2020 (Thousand Units)
Table 234 Rest of the World: Electric Power Steering Market, by Country, 2021-2026 (Thousand Units)
Table 235 Rest of the World: Electric Power Steering Market, by Country, 2018-2020 (USD Million)
Table 236 Rest of the World: Electric Power Steering Market, by Country, 2021-2026 (USD Million)
15.5.1 Brazil
Table 237 Brazil: Vehicle Production Data, 2018-2020 (Thousand Units)
Table 238 Brazil: Market, by Application, 2018-2020 (Million Units)
Table 239 Brazil: Market, by Application, 2021-2026 (Million Units)
Table 240 Brazil: Market, by Application, 2018-2020 (USD Million)
Table 241 Brazil: Market, by Application, 2021-2026 (USD Million)
15.5.2 Russia
Table 242 Russia: Vehicle Production Data, 2018-2020 (Thousand Units)
Table 243 Russia: Market, by Application, 2018-2020 (Million Units)
Table 244 Russia: Market, by Application, 2021-2026 (Million Units)
Table 245 Russia: Market, by Application, 2018-2020 (USD Million)
Table 246 Russia: Market, by Application, 2021-2026 (USD Million)
15.5.3 South Africa
Table 247 South Africa: Vehicle Production Data, 2018-2020 (Thousand Units)
Table 248 South Africa: Market, by Application, 2018-2020 (Million Units)
Table 249 South Africa: Market, by Application, 2021-2026 (Million Units)
Table 250 South Africa: Market, by Application, 2018-2020 (USD Million)
Table 251 South Africa: Market, by Application, 2021-2026 (USD Million)
16. Competitive Landscape
16.1 Overview
Figure 72 Key Developments by Leading Players in the Electric Power Steering Market, 2018-2020
16.2 Market Ranking Analysis
Table 252 Electric Power Steering Market Ranking: 2020
16.3 Competitive Situation & Trends
16.3.1 New Product Launches
Table 253 New Product Launches, 2018-2020
16.3.2 Deals
Table 254 Deals, 2018-2020
16.3.3 Others
Table 255 Others, 2018-2020
17. Company Profiles
(Business Overview, Products Offered, Recent Developments & Analyst's View)*
17.1 Key Players
17.1.1 JTEKT
Table 256 JTEKT: Business Overview
Figure 73 Company Snapshot: JTEKT
17.1.2 Nexteer
Table 257 Nexteer: Business Overview
Figure 74 Snapshot: Nexteer
17.1.3 ZF
Table 258 ZF: Business Overview
Figure 75 Company Snapshot: ZF
17.1.4 Robert Bosch
Table 259 Robert Bosch: Business Overview
Figure 76 Company Snapshot: Robert Bosch
17.1.5 NSK Table 260
NSK: Business Overview
Figure 77 Company Snapshot: NSK
17.1.6 Hyundai Mobis
Table 261 Hyundai Mobis: Business Overview
Figure 78 Company Snapshot: Hyundai Mobis
17.1.7 Borgwarner
Table 262 Borgwarner: Business Overview
Figure 79 Company Snapshot: Borgwarner
17.1.8 Thyssenkrupp
Table 263 Thyssenkrupp: Business Overview
Figure 80 Company Snapshot: Thyssenkrupp
17.1.9 Mitsubishi Electric
Table 264 Mitsubishi Electric: Business Overview
Figure 81 Company Snapshot: Mitsubishi Electric
17.1.10 Tenneco
Table 265 Tenneco: Business Overview
Figure 82 Company Snapshot: Tenneco
17.1.11 Mando Corporation
Table 266 Mando Corporation: Business Overview
Figure 83 Company Snapshot: Mando Corporation
17.1.12 Hycet Technology Co. Ltd
Table 267 Hycet Technology Co. Ltd: Business Overview
*Details on Business Overview, Products Offered, Recent Developments & Analyst's View Might Not be Captured in Case of Unlisted Companies.
17.2 Other Key Players
17.2.1 Maval Industries
Table 268 Maval Industries: Business Overview
17.2.2 MVO GmbH
Table 269 MVO GmbH: Business Overview
17.2.3 GSS Steering Systems LLC
Table 270 GSS Steering Systems LLC: Business Overview
17.2.4 Pailton Engineering
Table 271 Pailton Engineering: Business Overview
17.2.5 Rollax GmbH & Co. Kg
Table 272 Rollax GmbH & Co. Kg: Business Overview
17.2.6 Huayu Automotive Systems Company Limited
Table 273 Huayu Automotive Systems Company Limited: Business Overview
17.2.7 Denso Corporation
Table 274 Denso Corporation: Business Overview
18. Adjacent Markets
18.1 Introduction
Table 275 Adjacent Markets of Electric Power Steering Market
18.2 Limitations
18.3 Automotive Steering System Market
18.3.1 Market Definition
18.3.2 Inclusions & Exclusions
18.3.3 Market Overview
Table 276 Automotive Steering System Market, by Region, 2018-2025 (Thousand Units)
Table 277 Automotive Steering System Market, by Region, 2018-2025 (USD Million)
18.4 Automotive Suspension Market
18.4.1 Market Definition
18.4.2 Inclusions & Exclusions
18.4.3 Market Overview
Figure 84 Automotive Suspension Market, by Region, 2021 Vs. 2026 (USD Million)
Table 278 Automotive Suspension Market, by Region, 2018-2020 (Thousand Units)
Table 279 Automotive Suspension Market, by Region, 2021-2026 (Thousand Units)
Table 280 Automotive Suspension Market, by Region, 2018-2020 (USD Million)
Table 281 Automotive Suspension Market, by Region, 2021-2026 (USD Million)
18.5 Automotive Traction Motor Market
18.5.1 Inclusions & Exclusions
Table 282 Inclusions & Exclusions for Automotive Traction Motor Market
18.5.2 Market Overview
Figure 85 Automotive Traction Motor Market, by Region, 2021 Vs. 2026
Table 283 Automotive Traction Motor Market, by Region, 2018-2026 (Thousand Units)
Table 284 Automotive Traction Motor Market, by Region, 2018-2026 (USD Million)
19. Appendix
19.1 Insights of Industry Experts
19.2 Discussion Guide
19.3 Knowledge Store: The Subscription Portal
19.4 Available Customizations

Companies Mentioned

  • BorgWarner 
  • Denso Corporation
  • GSS Steering Systems LLC
  • Huayu Automotive Systems Company Limited
  • Hycet Technology Co. Ltd
  • Hyundai Mobis 
  • JTEKT 
  • Maval Industries
  • Mitsubishi Electric 
  • MVO GmbH
  • Nexteer 
  • NSK 
  • Pailton Engineering
  • Robert Bosch 
  • Rollax GmbH & Co. Kg
  • Tenneco 
  • ThyssenKrupp 
  • ZF 

Methodology

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Table Information

Report AttributeDetails
No. of Pages261
PublishedApril 2022
Forecast Period2021 - 2027
Estimated Market Value ( USD ) in 2021 $ 24.3 Billion
Forecasted Market Value ( USD ) by 2027 $ 33.4 Billion
Compound Annual Growth Rate5.0%
Regions CoveredGlobal
No. of Companies Mentioned18

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