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Electric Power Steering Market Size, Insights, Key Players, Business Opportunities, Covid-19 Impact And Emerging Trends By 2028

  • Code : SMI42629
  • Pages : 124
  • Date : Sep, 2021
  • Category : Services
  • Publisher : SMI
  • Format : SMI PPT FormatSMI PDF Format



 

The latest update of “Global Electric Power Steering Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Electric Power Steering Market.

Overview of the Electric Power Steering Market:

Electric power steering (EPS) is an integral part of the automotive industry. EPS variants meet the requirements for small, mid-range, sports cars, as well as commercial vehicles. EPS uses an electric motor that draws energy to provide steering assistance. Sensors detect the torque or effort the driver is applying to the steering wheel, and a computer decides how much assistance needs to be added. Electric power steering eliminates the need for a pump, hoses, and a drive belt connected to the engine using variable amounts of power. EPS for automobiles is primarily an energy saving scheme.

Market Drivers:

Increasing implementation of EPS in commercial vehicles is expected to propel growth of the global electric power steering market during the forecast period. OEMs have started focusing on implementing cost-effective and strong EPS systems in commercial vehicles For instance, in October 2020, Nexteer Automotive launched High-Output Electric Power Steering (EPS) that delivers advanced safety and comfort as well as enhanced fuel efficiency for heavy-duty (HD) trucks and light commercial vehicles (LCVs). Hence, such factors are expected to drive growth of the global electric power steering market.

Moreover, increasing vehicle production, rapid growth of the automotive industry, and strict government regulations regarding safety and fuel efficiency are expected to boost the growth of the global electric power steering market over the forecast period.

Market Restraints:

Higher cost of EPS as compared to traditional steering systems, limited load-bearing capacity of EPS systems, and lack of steering feel is expected to hamper the growth of the global electric power steering market over the forecast period.

Regional Insights:

Among regions, North America and Asia Pacific are expected to witness robust growth in the global electric power steering market due to the increasing vehicle sale/production, increasing implementation of EPS, stringent regulations, and rapidly growing automotive industry in these regions. For instance, in October 2021, Nexteer Automotive launched EPS portfolio with its new Modular Column-Assist EPS System (mCEPS). Offered in three models, such as Standard, Enhanced and Pro, the mCEPS system supports various load capacities and other requirements.

Competitive Section:

Major companies involved in the global electric power steering market are NSK, ZF, Nexteer, JTEKT, and Robert Bosch, among others.

For instance, in October 2019, Denso palnned to create the world’s first 2 drive EPS-MCU to protect vehicle in case of sudden steering failure.

Market Estimation:

The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.

COVID-19 Impact:

The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Electric Power Steering Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.

Market Competition Assessment:

The Electric Power Steering Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are

  • JTEKT (Japan)
  • Nexteer (US)
  • Robert Bosch (Germany)
  • ZF (Germany)
  • and NSK (Japan)

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Electric Power Steering Market report on the basis of Types, Applications, and Regions.

By Product Type, the market is primarily segmented into:

  • Steering column
  • Sensors
  • Steering gear
  • Mechanical rack and pinion
  • Electronic control unit
  • Electric motor
  • Bearing

By Applications, the market is segmented into:

  • Passenger Cars (PC)
  • Commercial Vehicles (CV)

The report covers the following Regions:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Africa
  • Middle East

Primary Research Insights:

The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.

The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:

  1. What can be the best investment choices for venturing into new product and service lines?
  2. Which regions might see the demand maturing in certain segments in near future?
  3. Which government regulations might challenge the status of key regional markets?
  4. What are some of the value-grab opportunities in various segments?
  5. What will be the barrier to entry for new players in the market?

Why You Should Buy This Report:

  • The report provides an all-inclusive environment of the analysis for the market
  • In-depth secondary research and primary interviews
  • Impact of various social, political, and economic factors
  • Porter’s Five Forces Analysis
  • Competitive Landscape

Available Customizations:

Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.

Table of Content

 

1 Report Overview

 

1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Electric Power Steering Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Electric Power Steering Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Electric Power Steering Market
1.6.1 How the Covid-19 is Affecting the Electric Power Steering Market
1.6.1.1 Electric Power Steering Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Electric Power Steering Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered

 

2 Global Growth Trends by Regions

 

2.1 Electric Power Steering Market Perspective (2015-2028)
2.2 Electric Power Steering Market Growth Trends by Regions
2.2.1 Electric Power Steering Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Electric Power Steering Market Historic Market Share by Regions (2015-2021)
2.2.3 Electric Power Steering Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Electric Power Steering Market Growth Strategy
2.3.6 Primary Interviews with Key Electric Power Steering Market Players (Opinion Leaders)

 

3 Competition Landscape by Key Players

 

3.1 Global Top Electric Power Steering Market Players by Market Size
3.1.1 Global Top Electric Power Steering Market Players by Revenue (2015-2021)
3.1.2 Global Electric Power Steering Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Electric Power Steering Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Electric Power Steering Market Concentration Ratio
3.2.1 Global Electric Power Steering Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Electric Power Steering Market Revenue in 2019
3.3 Electric Power Steering Market Key Players Head office and Area Served
3.4 Key Players Electric Power Steering Market Product Solution and Service
3.5 Date of entering into Electric Power Steering Market
3.6 Mergers & Acquisitions, Expansion Plans

 

4 Breakdown Data by Type (2015-2028)

 

4.1 Global Electric Power Steering Market Historic Market Size by Type (2015-2021)
4.2 Global Electric Power Steering Market Forecasted Market Size by Type (2021-2028)

 

5 Electric Power Steering Market Breakdown Data by Application (2015-2028)

 

5.1 Global Electric Power Steering Market Size by Application (2015-2021)
5.2 Global Electric Power Steering Market Forecasted Market Size by Application (2021-2028)

 

6 North America

 

6.1 North America Electric Power Steering Market Size (2015-2021)
6.2 Electric Power Steering Market Key Players in North America (2019-2021)
6.3 North America Electric Power Steering Market Size by Type (2015-2021)
6.4 North America Electric Power Steering Market Size by Application (2015-2021)

 

7 Europe

 

7.1 Europe Electric Power Steering Market Size (2015-2021)
7.2 Electric Power Steering Market Key Players in Europe (2019-2021)
7.3 Europe Electric Power Steering Market Size by Type (2015-2021)
7.4 Europe Electric Power Steering Market Size by Application (2015-2021)

 

8 China

 

8.1 China Electric Power Steering Market Size (2015-2021)
8.2 Electric Power Steering Market Key Players in China (2019-2021)
8.3 China Electric Power Steering Market Size by Type (2015-2021)
8.4 China Electric Power Steering Market Size by Application (2015-2021)

 

9 Japan

 

9.1 Japan Electric Power Steering Market Size (2015-2021)
9.2 Electric Power Steering Market Key Players in Japan (2019-2021)
9.3 Japan Electric Power Steering Market Size by Type (2015-2021)
9.4 Japan Electric Power Steering Market Size by Application (2015-2021)

 

10 Southeast Asia

 

10.1 Southeast Asia Electric Power Steering Market Size (2015-2021)
10.2 Electric Power Steering Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Electric Power Steering Market Size by Type (2015-2021)
10.4 Southeast Asia Electric Power Steering Market Size by Application (2015-2021)

 

11 India

 

11.1 India Electric Power Steering Market Size (2015-2021)
11.2 Electric Power Steering Market Key Players in India (2019-2021)
11.3 India Electric Power Steering Market Size by Type (2015-2021)
11.4 India Electric Power Steering Market Size by Application (2015-2021)

 

12 Central & South America

 

12.1 Central & South America Electric Power Steering Market Size (2015-2021)
12.2 Electric Power Steering Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Electric Power Steering Market Size by Type (2015-2021)
12.4 Central & South America Electric Power Steering Market Size by Application (2015-2021)

 

13 Key Players Profiles

 

13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Electric Power Steering Market Introduction
13.4 Electric Power Steering Market Business (2015-2021)
13.5 Recent Development

 

14 Analyst's Viewpoints/Conclusions

 

15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details

 

List of Table

 

Table 1. Electric Power Steering Market Key Market Segments
Table 2. Key Players Covered: Ranking by Electric Power Steering Market Revenue
Table 3. Ranking of Global Top Electric Power Steering Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Electric Power Steering Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Electric Power Steering Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Electric Power Steering Market Players to Combat Covid-19 Impact
Table 10. Global Electric Power Steering Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Electric Power Steering Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Electric Power Steering Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Electric Power Steering Market Share by Regions (2015-2021)
Table 14. Global Electric Power Steering Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Electric Power Steering Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Electric Power Steering Market Growth Strategy
Table 20. Main Points Interviewed from Key Electric Power Steering Market Players
Table 21. Global Electric Power Steering Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Electric Power Steering Market Share by Players (2015-2021)
Table 23. Global Top Electric Power Steering Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Electric Power Steering Market as of 2019)
Table 24. Global Electric Power Steering Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Electric Power Steering Market Product Solution and Service
Table 27. Date of entering into Electric Power Steering Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Electric Power Steering Market Size by Type (2015-2021) (Million US$)
Table 30. Global Electric Power Steering Market Size Share by Type (2015-2021)
Table 31. Global Electric Power Steering Market Revenue Market Share by Type (2021-2028)
Table 31. Global Electric Power Steering Market Size Share by Application (2015-2021)
Table 33. Global Electric Power Steering Market Size by Application (2015-2021) (Million US$)
Table 34. Global Electric Power Steering Market Size Share by Application (2021-2028)
Table 35. North America Key Players Electric Power Steering Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Electric Power Steering Market Share (2019-2021)
Table 37. North America Electric Power Steering Market Size by Type (2015-2021) (Million US$)
Table 38. North America Electric Power Steering Market Share by Type (2015-2021)
Table 39. North America Electric Power Steering Market Size by Application (2015-2021) (Million US$)
Table 40. North America Electric Power Steering Market Share by Application (2015-2021)
Table 41. Europe Key Players Electric Power Steering Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Electric Power Steering Market Share (2019-2021)
Table 43. Europe Electric Power Steering Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Electric Power Steering Market Share by Type (2015-2021)
Table 45. Europe Electric Power Steering Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Electric Power Steering Market Share by Application (2015-2021)
Table 47. China Key Players Electric Power Steering Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Electric Power Steering Market Share (2019-2021)
Table 49. China Electric Power Steering Market Size by Type (2015-2021) (Million US$)
Table 50. China Electric Power Steering Market Share by Type (2015-2021)
Table 51. China Electric Power Steering Market Size by Application (2015-2021) (Million US$)
Table 52. China Electric Power Steering Market Share by Application (2015-2021)
Table 53. Japan Key Players Electric Power Steering Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Electric Power Steering Market Share (2019-2021)
Table 55. Japan Electric Power Steering Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Electric Power Steering Market Share by Type (2015-2021)
Table 57. Japan Electric Power Steering Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Electric Power Steering Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Electric Power Steering Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Electric Power Steering Market Share (2019-2021)
Table 61. Southeast Asia Electric Power Steering Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Electric Power Steering Market Share by Type (2015-2021)
Table 63. Southeast Asia Electric Power Steering Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Electric Power Steering Market Share by Application (2015-2021)
Table 65. India Key Players Electric Power Steering Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Electric Power Steering Market Share (2019-2021)
Table 67. India Electric Power Steering Market Size by Type (2015-2021) (Million US$)
Table 68. India Electric Power Steering Market Share by Type (2015-2021)
Table 69. India Electric Power Steering Market Size by Application (2015-2021) (Million US$)
Table 70. India Electric Power Steering Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Electric Power Steering Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Electric Power Steering Market Share (2019-2021)
Table 73. Central & South America Electric Power Steering Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Electric Power Steering Market Share by Type (2015-2021)
Table 75. Central & South America Electric Power Steering Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Electric Power Steering Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Electric Power Steering Market Business (2015-2021) (Million US$)
Table 81. Recent Development

 

List of Figures

 

Figure 1. Global Electric Power Steering Market Share by Type: 2021 VS 2028
Figure 2. Global Electric Power Steering Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Electric Power Steering Market Report Years Considered
Figure 8. Global Electric Power Steering Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Electric Power Steering Market Share by Regions: 2021 VS 2028
Figure 10. Global Electric Power Steering Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Electric Power Steering Market Share by Players in 2019
Figure 13. Global Top Electric Power Steering Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Electric Power Steering Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Electric Power Steering Market Revenue in 2019
Figure 15. North America Electric Power Steering Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Electric Power Steering Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Electric Power Steering Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Electric Power Steering Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Electric Power Steering Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Electric Power Steering Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Electric Power Steering Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed

 



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The report efficiently evaluates the market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competitive landscape of the industry.
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