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Car Electric Power Steering-Global Market Insights and Sales Trends 2024
Synopsis
In motor vehicles, a power steering system helps drivers steer the vehicle by augmenting steering effort needed to turn the steering wheel, making it easier for the driver to turn.
The global Car Electric Power Steering market size is expected to reach US$ 20380 million by 2029, growing at a CAGR of 2.7% from 2023 to 2029. The market is mainly driven by the significant applications of Car Electric Power Steering in various end use industries. The expanding demands from the Passenger Vehicle and Commercial Vehicle, are propelling Car Electric Power Steering market. C-EPS, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the P-EPS segment is estimated at % CAGR for the next seven-year period.
Electric Power Steering System (EPS) report published by QYResearch reveals that COVID-19 and Russia-Ukraine War impacted the market dually in 2022. Global Electric Power Steering System (EPS) market is projected to reach US$ 20380 million in 2029, increasing from US$ 16620 million in 2022, with the CAGR of 2.7% during the period of 2023 to 2029. Demand from Passenger Car and Commercial Vehicle are the major drivers for the industry.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Car Electric Power Steering, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Car Electric Power Steering market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Car Electric Power Steering market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Car Electric Power Steering sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Car Electric Power Steering covered in this report include JTEKT, Bosch, Nexteer, ZF, NSK, Hitachi Astemo (Showa), Hyundai Mobis, Thyssenkrupp and Mando, etc.
The global Car Electric Power Steering market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
JTEKT
Bosch
Nexteer
ZF
NSK
Hitachi Astemo (Showa)
Hyundai Mobis
Thyssenkrupp
Mando
CAAS
Zhuzhou Elite
Yubei
Zhejiang Shibao
Global Car Electric Power Steering market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Car Electric Power Steering market, Segment by Type:
C-EPS
P-EPS
R-EPS
Global Car Electric Power Steering market, by Application
Passenger Vehicle
Commercial Vehicle
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Car Electric Power Steering manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Car Electric Power Steering in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
In motor vehicles, a power steering system helps drivers steer the vehicle by augmenting steering effort needed to turn the steering wheel, making it easier for the driver to turn.
The global Car Electric Power Steering market size is expected to reach US$ 20380 million by 2029, growing at a CAGR of 2.7% from 2023 to 2029. The market is mainly driven by the significant applications of Car Electric Power Steering in various end use industries. The expanding demands from the Passenger Vehicle and Commercial Vehicle, are propelling Car Electric Power Steering market. C-EPS, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the P-EPS segment is estimated at % CAGR for the next seven-year period.
Electric Power Steering System (EPS) report published by QYResearch reveals that COVID-19 and Russia-Ukraine War impacted the market dually in 2022. Global Electric Power Steering System (EPS) market is projected to reach US$ 20380 million in 2029, increasing from US$ 16620 million in 2022, with the CAGR of 2.7% during the period of 2023 to 2029. Demand from Passenger Car and Commercial Vehicle are the major drivers for the industry.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Car Electric Power Steering, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Car Electric Power Steering market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Car Electric Power Steering market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Car Electric Power Steering sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Car Electric Power Steering covered in this report include JTEKT, Bosch, Nexteer, ZF, NSK, Hitachi Astemo (Showa), Hyundai Mobis, Thyssenkrupp and Mando, etc.
The global Car Electric Power Steering market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
JTEKT
Bosch
Nexteer
ZF
NSK
Hitachi Astemo (Showa)
Hyundai Mobis
Thyssenkrupp
Mando
CAAS
Zhuzhou Elite
Yubei
Zhejiang Shibao
Global Car Electric Power Steering market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Car Electric Power Steering market, Segment by Type:
C-EPS
P-EPS
R-EPS
Global Car Electric Power Steering market, by Application
Passenger Vehicle
Commercial Vehicle
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Car Electric Power Steering manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Car Electric Power Steering in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Car Electric Power Steering Market Overview
1.1 Car Electric Power Steering Product Overview
1.2 Car Electric Power Steering Market Segment by Type
1.2.1 C-EPS
1.2.2 P-EPS
1.2.3 R-EPS
1.3 Global Car Electric Power Steering Market Size by Type
1.3.1 Global Car Electric Power Steering Market Size Overview by Type (2018-2029)
1.3.2 Global Car Electric Power Steering Historic Market Size Review by Type (2018-2023)
1.3.3 Global Car Electric Power Steering Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Car Electric Power Steering Sales Breakdown by Type (2018-2023)
1.4.2 Europe Car Electric Power Steering Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Car Electric Power Steering Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Car Electric Power Steering Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Car Electric Power Steering Sales Breakdown by Type (2018-2023)
2 Global Car Electric Power Steering Market Competition by Company
2.1 Global Top Players by Car Electric Power Steering Sales (2018-2023)
2.2 Global Top Players by Car Electric Power Steering Revenue (2018-2023)
2.3 Global Top Players by Car Electric Power Steering Price (2018-2023)
2.4 Global Top Manufacturers Car Electric Power Steering Manufacturing Base Distribution, Sales Area, Product Type
2.5 Car Electric Power Steering Market Competitive Situation and Trends
2.5.1 Car Electric Power Steering Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Car Electric Power Steering Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Car Electric Power Steering as of 2022)
2.7 Date of Key Manufacturers Enter into Car Electric Power Steering Market
2.8 Key Manufacturers Car Electric Power Steering Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Car Electric Power Steering Status and Outlook by Region
3.1 Global Car Electric Power Steering Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Car Electric Power Steering Historic Market Size by Region
3.2.1 Global Car Electric Power Steering Sales in Volume by Region (2018-2023)
3.2.2 Global Car Electric Power Steering Sales in Value by Region (2018-2023)
3.2.3 Global Car Electric Power Steering Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Car Electric Power Steering Forecasted Market Size by Region
3.3.1 Global Car Electric Power Steering Sales in Volume by Region (2024-2029)
3.3.2 Global Car Electric Power Steering Sales in Value by Region (2024-2029)
3.3.3 Global Car Electric Power Steering Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Car Electric Power Steering by Application
4.1 Car Electric Power Steering Market Segment by Application
4.1.1 Passenger Vehicle
4.1.2 Commercial Vehicle
4.2 Global Car Electric Power Steering Market Size by Application
4.2.1 Global Car Electric Power Steering Market Size Overview by Application (2018-2029)
4.2.2 Global Car Electric Power Steering Historic Market Size Review by Application (2018-2023)
4.2.3 Global Car Electric Power Steering Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Car Electric Power Steering Sales Breakdown by Application (2018-2023)
4.3.2 Europe Car Electric Power Steering Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Car Electric Power Steering Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Car Electric Power Steering Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Car Electric Power Steering Sales Breakdown by Application (2018-2023)
5 North America Car Electric Power Steering by Country
5.1 North America Car Electric Power Steering Historic Market Size by Country
5.1.1 North America Car Electric Power Steering Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Car Electric Power Steering Sales in Volume by Country (2018-2023)
5.1.3 North America Car Electric Power Steering Sales in Value by Country (2018-2023)
5.2 North America Car Electric Power Steering Forecasted Market Size by Country
5.2.1 North America Car Electric Power Steering Sales in Volume by Country (2024-2029)
5.2.2 North America Car Electric Power Steering Sales in Value by Country (2024-2029)
6 Europe Car Electric Power Steering by Country
6.1 Europe Car Electric Power Steering Historic Market Size by Country
6.1.1 Europe Car Electric Power Steering Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Car Electric Power Steering Sales in Volume by Country (2018-2023)
6.1.3 Europe Car Electric Power Steering Sales in Value by Country (2018-2023)
6.2 Europe Car Electric Power Steering Forecasted Market Size by Country
6.2.1 Europe Car Electric Power Steering Sales in Volume by Country (2024-2029)
6.2.2 Europe Car Electric Power Steering Sales in Value by Country (2024-2029)
7 Asia-Pacific Car Electric Power Steering by Region
7.1 Asia-Pacific Car Electric Power Steering Historic Market Size by Region
7.1.1 Asia-Pacific Car Electric Power Steering Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Car Electric Power Steering Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Car Electric Power Steering Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Car Electric Power Steering Forecasted Market Size by Region
7.2.1 Asia-Pacific Car Electric Power Steering Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Car Electric Power Steering Sales in Value by Region (2024-2029)
8 Latin America Car Electric Power Steering by Country
8.1 Latin America Car Electric Power Steering Historic Market Size by Country
8.1.1 Latin America Car Electric Power Steering Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Car Electric Power Steering Sales in Volume by Country (2018-2023)
8.1.3 Latin America Car Electric Power Steering Sales in Value by Country (2018-2023)
8.2 Latin America Car Electric Power Steering Forecasted Market Size by Country
8.2.1 Latin America Car Electric Power Steering Sales in Volume by Country (2024-2029)
8.2.2 Latin America Car Electric Power Steering Sales in Value by Country (2024-2029)
9 Middle East and Africa Car Electric Power Steering by Country
9.1 Middle East and Africa Car Electric Power Steering Historic Market Size by Country
9.1.1 Middle East and Africa Car Electric Power Steering Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Car Electric Power Steering Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Car Electric Power Steering Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Car Electric Power Steering Forecasted Market Size by Country
9.2.1 Middle East and Africa Car Electric Power Steering Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Car Electric Power Steering Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 JTEKT
10.1.1 JTEKT Company Information
10.1.2 JTEKT Introduction and Business Overview
10.1.3 JTEKT Car Electric Power Steering Sales, Revenue and Gross Margin (2018-2023)
10.1.4 JTEKT Car Electric Power Steering Products Offered
10.1.5 JTEKT Recent Development
10.2 Bosch
10.2.1 Bosch Company Information
10.2.2 Bosch Introduction and Business Overview
10.2.3 Bosch Car Electric Power Steering Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Bosch Car Electric Power Steering Products Offered
10.2.5 Bosch Recent Development
10.3 Nexteer
10.3.1 Nexteer Company Information
10.3.2 Nexteer Introduction and Business Overview
10.3.3 Nexteer Car Electric Power Steering Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Nexteer Car Electric Power Steering Products Offered
10.3.5 Nexteer Recent Development
10.4 ZF
10.4.1 ZF Company Information
10.4.2 ZF Introduction and Business Overview
10.4.3 ZF Car Electric Power Steering Sales, Revenue and Gross Margin (2018-2023)
10.4.4 ZF Car Electric Power Steering Products Offered
10.4.5 ZF Recent Development
10.5 NSK
10.5.1 NSK Company Information
10.5.2 NSK Introduction and Business Overview
10.5.3 NSK Car Electric Power Steering Sales, Revenue and Gross Margin (2018-2023)
10.5.4 NSK Car Electric Power Steering Products Offered
10.5.5 NSK Recent Development
10.6 Hitachi Astemo (Showa)
10.6.1 Hitachi Astemo (Showa) Company Information
10.6.2 Hitachi Astemo (Showa) Introduction and Business Overview
10.6.3 Hitachi Astemo (Showa) Car Electric Power Steering Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Hitachi Astemo (Showa) Car Electric Power Steering Products Offered
10.6.5 Hitachi Astemo (Showa) Recent Development
10.7 Hyundai Mobis
10.7.1 Hyundai Mobis Company Information
10.7.2 Hyundai Mobis Introduction and Business Overview
10.7.3 Hyundai Mobis Car Electric Power Steering Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Hyundai Mobis Car Electric Power Steering Products Offered
10.7.5 Hyundai Mobis Recent Development
10.8 Thyssenkrupp
10.8.1 Thyssenkrupp Company Information
10.8.2 Thyssenkrupp Introduction and Business Overview
10.8.3 Thyssenkrupp Car Electric Power Steering Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Thyssenkrupp Car Electric Power Steering Products Offered
10.8.5 Thyssenkrupp Recent Development
10.9 Mando
10.9.1 Mando Company Information
10.9.2 Mando Introduction and Business Overview
10.9.3 Mando Car Electric Power Steering Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Mando Car Electric Power Steering Products Offered
10.9.5 Mando Recent Development
10.10 CAAS
10.10.1 CAAS Company Information
10.10.2 CAAS Introduction and Business Overview
10.10.3 CAAS Car Electric Power Steering Sales, Revenue and Gross Margin (2018-2023)
10.10.4 CAAS Car Electric Power Steering Products Offered
10.10.5 CAAS Recent Development
10.11 Zhuzhou Elite
10.11.1 Zhuzhou Elite Company Information
10.11.2 Zhuzhou Elite Introduction and Business Overview
10.11.3 Zhuzhou Elite Car Electric Power Steering Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Zhuzhou Elite Car Electric Power Steering Products Offered
10.11.5 Zhuzhou Elite Recent Development
10.12 Yubei
10.12.1 Yubei Company Information
10.12.2 Yubei Introduction and Business Overview
10.12.3 Yubei Car Electric Power Steering Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Yubei Car Electric Power Steering Products Offered
10.12.5 Yubei Recent Development
10.13 Zhejiang Shibao
10.13.1 Zhejiang Shibao Company Information
10.13.2 Zhejiang Shibao Introduction and Business Overview
10.13.3 Zhejiang Shibao Car Electric Power Steering Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Zhejiang Shibao Car Electric Power Steering Products Offered
10.13.5 Zhejiang Shibao Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Car Electric Power Steering Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Car Electric Power Steering Industrial Chain Analysis
11.4 Car Electric Power Steering Market Dynamics
11.4.1 Car Electric Power Steering Industry Trends
11.4.2 Car Electric Power Steering Market Drivers
11.4.3 Car Electric Power Steering Market Challenges
11.4.4 Car Electric Power Steering Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Car Electric Power Steering Distributors
12.3 Car Electric Power Steering Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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