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Global Car Electric Power Steering Market Research Report 2025
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 was valued at US$ 16620 million in 2023 and is anticipated to reach US$ 20380 million by 2030, witnessing a CAGR of 2.7% during the forecast period 2024-2030.
Electric Power Steering System (EPS) report 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.
This report aims to provide a comprehensive presentation of the global market for Car Electric Power Steering, 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 Car Electric Power Steering.
Report Scope
The Car Electric Power Steering market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Car Electric Power Steering market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Car Electric Power Steering manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
JTEKT
Bosch
Nexteer
ZF
NSK
Hitachi Astemo (Showa)
Hyundai Mobis
Thyssenkrupp
Mando
CAAS
Zhuzhou Elite
Yubei
Zhejiang Shibao
Segment by Type
C-EPS
P-EPS
R-EPS
Segment by Application
Passenger Vehicle
Commercial Vehicle
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
the United States
Canada
Europe
Germany
France
UK
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Car Electric Power Steering manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Car Electric Power Steering by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Car Electric Power Steering 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, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
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: The main points and conclusions of the report.
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 was valued at US$ 16620 million in 2023 and is anticipated to reach US$ 20380 million by 2030, witnessing a CAGR of 2.7% during the forecast period 2024-2030.
Electric Power Steering System (EPS) report 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.
This report aims to provide a comprehensive presentation of the global market for Car Electric Power Steering, 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 Car Electric Power Steering.
Report Scope
The Car Electric Power Steering market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Car Electric Power Steering market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Car Electric Power Steering manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
JTEKT
Bosch
Nexteer
ZF
NSK
Hitachi Astemo (Showa)
Hyundai Mobis
Thyssenkrupp
Mando
CAAS
Zhuzhou Elite
Yubei
Zhejiang Shibao
Segment by Type
C-EPS
P-EPS
R-EPS
Segment by Application
Passenger Vehicle
Commercial Vehicle
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
the United States
Canada
Europe
Germany
France
UK
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Car Electric Power Steering manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Car Electric Power Steering by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Car Electric Power Steering 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, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
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: The main points and conclusions of the report.
Index1 Car Electric Power Steering Market Overview
1.1 Product Definition
1.2 Car Electric Power Steering Segment by Type
1.2.1 Global Car Electric Power Steering Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 C-EPS
1.2.3 P-EPS
1.2.4 R-EPS
1.3 Car Electric Power Steering Segment by Application
1.3.1 Global Car Electric Power Steering Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Passenger Vehicle
1.3.3 Commercial Vehicle
1.4 Global Market Growth Prospects
1.4.1 Global Car Electric Power Steering Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Car Electric Power Steering Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Car Electric Power Steering Production Estimates and Forecasts (2019-2030)
1.4.4 Global Car Electric Power Steering Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Car Electric Power Steering Production Market Share by Manufacturers (2019-2024)
2.2 Global Car Electric Power Steering Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Car Electric Power Steering, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Car Electric Power Steering Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Car Electric Power Steering Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Car Electric Power Steering, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Car Electric Power Steering, Product Offered and Application
2.8 Global Key Manufacturers of Car Electric Power Steering, Date of Enter into This Industry
2.9 Car Electric Power Steering Market Competitive Situation and Trends
2.9.1 Car Electric Power Steering Market Concentration Rate
2.9.2 Global 5 and 10 Largest Car Electric Power Steering Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Car Electric Power Steering Production by Region
3.1 Global Car Electric Power Steering Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Car Electric Power Steering Production Value by Region (2019-2030)
3.2.1 Global Car Electric Power Steering Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Car Electric Power Steering by Region (2025-2030)
3.3 Global Car Electric Power Steering Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Car Electric Power Steering Production by Region (2019-2030)
3.4.1 Global Car Electric Power Steering Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Car Electric Power Steering by Region (2025-2030)
3.5 Global Car Electric Power Steering Market Price Analysis by Region (2019-2024)
3.6 Global Car Electric Power Steering Production and Value, Year-over-Year Growth
3.6.1 North America Car Electric Power Steering Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Car Electric Power Steering Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Car Electric Power Steering Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Car Electric Power Steering Production Value Estimates and Forecasts (2019-2030)
3.6.5 South Korea Car Electric Power Steering Production Value Estimates and Forecasts (2019-2030)
3.6.6 India Car Electric Power Steering Production Value Estimates and Forecasts (2019-2030)
4 Car Electric Power Steering Consumption by Region
4.1 Global Car Electric Power Steering Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Car Electric Power Steering Consumption by Region (2019-2030)
4.2.1 Global Car Electric Power Steering Consumption by Region (2019-2024)
4.2.2 Global Car Electric Power Steering Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Car Electric Power Steering Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Car Electric Power Steering Consumption by Country (2019-2030)
4.3.3 the United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Car Electric Power Steering Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Car Electric Power Steering Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 UK
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Car Electric Power Steering Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Car Electric Power Steering Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Car Electric Power Steering Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Car Electric Power Steering Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Car Electric Power Steering Production by Type (2019-2030)
5.1.1 Global Car Electric Power Steering Production by Type (2019-2024)
5.1.2 Global Car Electric Power Steering Production by Type (2025-2030)
5.1.3 Global Car Electric Power Steering Production Market Share by Type (2019-2030)
5.2 Global Car Electric Power Steering Production Value by Type (2019-2030)
5.2.1 Global Car Electric Power Steering Production Value by Type (2019-2024)
5.2.2 Global Car Electric Power Steering Production Value by Type (2025-2030)
5.2.3 Global Car Electric Power Steering Production Value Market Share by Type (2019-2030)
5.3 Global Car Electric Power Steering Price by Type (2019-2030)
6 Segment by Application
6.1 Global Car Electric Power Steering Production by Application (2019-2030)
6.1.1 Global Car Electric Power Steering Production by Application (2019-2024)
6.1.2 Global Car Electric Power Steering Production by Application (2025-2030)
6.1.3 Global Car Electric Power Steering Production Market Share by Application (2019-2030)
6.2 Global Car Electric Power Steering Production Value by Application (2019-2030)
6.2.1 Global Car Electric Power Steering Production Value by Application (2019-2024)
6.2.2 Global Car Electric Power Steering Production Value by Application (2025-2030)
6.2.3 Global Car Electric Power Steering Production Value Market Share by Application (2019-2030)
6.3 Global Car Electric Power Steering Price by Application (2019-2030)
7 Key Companies Profiled
7.1 JTEKT
7.1.1 JTEKT Car Electric Power Steering Corporation Information
7.1.2 JTEKT Car Electric Power Steering Product Portfolio
7.1.3 JTEKT Car Electric Power Steering Production, Value, Price and Gross Margin (2019-2024)
7.1.4 JTEKT Main Business and Markets Served
7.1.5 JTEKT Recent Developments/Updates
7.2 Bosch
7.2.1 Bosch Car Electric Power Steering Corporation Information
7.2.2 Bosch Car Electric Power Steering Product Portfolio
7.2.3 Bosch Car Electric Power Steering Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Bosch Main Business and Markets Served
7.2.5 Bosch Recent Developments/Updates
7.3 Nexteer
7.3.1 Nexteer Car Electric Power Steering Corporation Information
7.3.2 Nexteer Car Electric Power Steering Product Portfolio
7.3.3 Nexteer Car Electric Power Steering Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Nexteer Main Business and Markets Served
7.3.5 Nexteer Recent Developments/Updates
7.4 ZF
7.4.1 ZF Car Electric Power Steering Corporation Information
7.4.2 ZF Car Electric Power Steering Product Portfolio
7.4.3 ZF Car Electric Power Steering Production, Value, Price and Gross Margin (2019-2024)
7.4.4 ZF Main Business and Markets Served
7.4.5 ZF Recent Developments/Updates
7.5 NSK
7.5.1 NSK Car Electric Power Steering Corporation Information
7.5.2 NSK Car Electric Power Steering Product Portfolio
7.5.3 NSK Car Electric Power Steering Production, Value, Price and Gross Margin (2019-2024)
7.5.4 NSK Main Business and Markets Served
7.5.5 NSK Recent Developments/Updates
7.6 Hitachi Astemo (Showa)
7.6.1 Hitachi Astemo (Showa) Car Electric Power Steering Corporation Information
7.6.2 Hitachi Astemo (Showa) Car Electric Power Steering Product Portfolio
7.6.3 Hitachi Astemo (Showa) Car Electric Power Steering Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Hitachi Astemo (Showa) Main Business and Markets Served
7.6.5 Hitachi Astemo (Showa) Recent Developments/Updates
7.7 Hyundai Mobis
7.7.1 Hyundai Mobis Car Electric Power Steering Corporation Information
7.7.2 Hyundai Mobis Car Electric Power Steering Product Portfolio
7.7.3 Hyundai Mobis Car Electric Power Steering Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Hyundai Mobis Main Business and Markets Served
7.7.5 Hyundai Mobis Recent Developments/Updates
7.8 Thyssenkrupp
7.8.1 Thyssenkrupp Car Electric Power Steering Corporation Information
7.8.2 Thyssenkrupp Car Electric Power Steering Product Portfolio
7.8.3 Thyssenkrupp Car Electric Power Steering Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Thyssenkrupp Main Business and Markets Served
7.7.5 Thyssenkrupp Recent Developments/Updates
7.9 Mando
7.9.1 Mando Car Electric Power Steering Corporation Information
7.9.2 Mando Car Electric Power Steering Product Portfolio
7.9.3 Mando Car Electric Power Steering Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Mando Main Business and Markets Served
7.9.5 Mando Recent Developments/Updates
7.10 CAAS
7.10.1 CAAS Car Electric Power Steering Corporation Information
7.10.2 CAAS Car Electric Power Steering Product Portfolio
7.10.3 CAAS Car Electric Power Steering Production, Value, Price and Gross Margin (2019-2024)
7.10.4 CAAS Main Business and Markets Served
7.10.5 CAAS Recent Developments/Updates
7.11 Zhuzhou Elite
7.11.1 Zhuzhou Elite Car Electric Power Steering Corporation Information
7.11.2 Zhuzhou Elite Car Electric Power Steering Product Portfolio
7.11.3 Zhuzhou Elite Car Electric Power Steering Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Zhuzhou Elite Main Business and Markets Served
7.11.5 Zhuzhou Elite Recent Developments/Updates
7.12 Yubei
7.12.1 Yubei Car Electric Power Steering Corporation Information
7.12.2 Yubei Car Electric Power Steering Product Portfolio
7.12.3 Yubei Car Electric Power Steering Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Yubei Main Business and Markets Served
7.12.5 Yubei Recent Developments/Updates
7.13 Zhejiang Shibao
7.13.1 Zhejiang Shibao Car Electric Power Steering Corporation Information
7.13.2 Zhejiang Shibao Car Electric Power Steering Product Portfolio
7.13.3 Zhejiang Shibao Car Electric Power Steering Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Zhejiang Shibao Main Business and Markets Served
7.13.5 Zhejiang Shibao Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Car Electric Power Steering Industry Chain Analysis
8.2 Car Electric Power Steering Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Car Electric Power Steering Production Mode & Process
8.4 Car Electric Power Steering Sales and Marketing
8.4.1 Car Electric Power Steering Sales Channels
8.4.2 Car Electric Power Steering Distributors
8.5 Car Electric Power Steering Customers
9 Car Electric Power Steering Market Dynamics
9.1 Car Electric Power Steering Industry Trends
9.2 Car Electric Power Steering Market Drivers
9.3 Car Electric Power Steering Market Challenges
9.4 Car Electric Power Steering Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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