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Global Electric Power Steering System (EPS) Market Research Report 2024
Synopsis
Automotive Electronic Power Steering is a very popular steering system, a power steering system that directly relies on the motor to provide auxiliary torque; Currently, most of the vehicle are installed the electronic power steering system, and the electronic power steering system can reduce about 5% fuel consumption.
The global Electric Power Steering System (EPS) 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.
The global key producers of electric power steering system(EPS) are JTEKT, Bosch, Nexteer, ZF, NSK, Hitachi Astemo (Showa), Hyundai Mobis, and others. The top five producers have a total market share of 80%, with the largest producer being JTEKT with a 30% share. Global origins are mainly located in North America, Europe, China, Japan, etc., with China being the largest production region with a market share of 35%. In terms of product categories, C-EPS has the largest market share with 40%, followed by P-EPS and DP-EPS with 35% and 15% respectively. In terms of applications, passenger cars hold more than 90% of the market share, while commercial vehicles account for only 8%.
This report aims to provide a comprehensive presentation of the global market for Electric Power Steering System (EPS), 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 Electric Power Steering System (EPS).
Report Scope
The Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) 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
DP-EPS
R-EPS
Segment by Application
Passenger Car
Commercial Vehicle
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
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 Electric Power Steering System (EPS) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) 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.
Automotive Electronic Power Steering is a very popular steering system, a power steering system that directly relies on the motor to provide auxiliary torque; Currently, most of the vehicle are installed the electronic power steering system, and the electronic power steering system can reduce about 5% fuel consumption.
The global Electric Power Steering System (EPS) 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.
The global key producers of electric power steering system(EPS) are JTEKT, Bosch, Nexteer, ZF, NSK, Hitachi Astemo (Showa), Hyundai Mobis, and others. The top five producers have a total market share of 80%, with the largest producer being JTEKT with a 30% share. Global origins are mainly located in North America, Europe, China, Japan, etc., with China being the largest production region with a market share of 35%. In terms of product categories, C-EPS has the largest market share with 40%, followed by P-EPS and DP-EPS with 35% and 15% respectively. In terms of applications, passenger cars hold more than 90% of the market share, while commercial vehicles account for only 8%.
This report aims to provide a comprehensive presentation of the global market for Electric Power Steering System (EPS), 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 Electric Power Steering System (EPS).
Report Scope
The Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) 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
DP-EPS
R-EPS
Segment by Application
Passenger Car
Commercial Vehicle
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
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 Electric Power Steering System (EPS) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) Market Overview
1.1 Product Definition
1.2 Electric Power Steering System (EPS) Segment by Type
1.2.1 Global Electric Power Steering System (EPS) Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 C-EPS
1.2.3 P-EPS
1.2.4 DP-EPS
1.2.5 R-EPS
1.3 Electric Power Steering System (EPS) Segment by Application
1.3.1 Global Electric Power Steering System (EPS) Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Passenger Car
1.3.3 Commercial Vehicle
1.4 Global Market Growth Prospects
1.4.1 Global Electric Power Steering System (EPS) Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Electric Power Steering System (EPS) Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Electric Power Steering System (EPS) Production Estimates and Forecasts (2019-2030)
1.4.4 Global Electric Power Steering System (EPS) Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Electric Power Steering System (EPS) Production Market Share by Manufacturers (2019-2024)
2.2 Global Electric Power Steering System (EPS) Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Electric Power Steering System (EPS), Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Electric Power Steering System (EPS) Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Electric Power Steering System (EPS) Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Electric Power Steering System (EPS), Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Electric Power Steering System (EPS), Product Offered and Application
2.8 Global Key Manufacturers of Electric Power Steering System (EPS), Date of Enter into This Industry
2.9 Electric Power Steering System (EPS) Market Competitive Situation and Trends
2.9.1 Electric Power Steering System (EPS) Market Concentration Rate
2.9.2 Global 5 and 10 Largest Electric Power Steering System (EPS) Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Electric Power Steering System (EPS) Production by Region
3.1 Global Electric Power Steering System (EPS) Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Electric Power Steering System (EPS) Production Value by Region (2019-2030)
3.2.1 Global Electric Power Steering System (EPS) Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Electric Power Steering System (EPS) by Region (2025-2030)
3.3 Global Electric Power Steering System (EPS) Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Electric Power Steering System (EPS) Production by Region (2019-2030)
3.4.1 Global Electric Power Steering System (EPS) Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Electric Power Steering System (EPS) by Region (2025-2030)
3.5 Global Electric Power Steering System (EPS) Market Price Analysis by Region (2019-2024)
3.6 Global Electric Power Steering System (EPS) Production and Value, Year-over-Year Growth
3.6.1 North America Electric Power Steering System (EPS) Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Electric Power Steering System (EPS) Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Electric Power Steering System (EPS) Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Electric Power Steering System (EPS) Production Value Estimates and Forecasts (2019-2030)
4 Electric Power Steering System (EPS) Consumption by Region
4.1 Global Electric Power Steering System (EPS) Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Electric Power Steering System (EPS) Consumption by Region (2019-2030)
4.2.1 Global Electric Power Steering System (EPS) Consumption by Region (2019-2024)
4.2.2 Global Electric Power Steering System (EPS) Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Electric Power Steering System (EPS) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Electric Power Steering System (EPS) Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Electric Power Steering System (EPS) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Electric Power Steering System (EPS) Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Electric Power Steering System (EPS) Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Electric Power Steering System (EPS) Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Electric Power Steering System (EPS) Production by Type (2019-2030)
5.1.1 Global Electric Power Steering System (EPS) Production by Type (2019-2024)
5.1.2 Global Electric Power Steering System (EPS) Production by Type (2025-2030)
5.1.3 Global Electric Power Steering System (EPS) Production Market Share by Type (2019-2030)
5.2 Global Electric Power Steering System (EPS) Production Value by Type (2019-2030)
5.2.1 Global Electric Power Steering System (EPS) Production Value by Type (2019-2024)
5.2.2 Global Electric Power Steering System (EPS) Production Value by Type (2025-2030)
5.2.3 Global Electric Power Steering System (EPS) Production Value Market Share by Type (2019-2030)
5.3 Global Electric Power Steering System (EPS) Price by Type (2019-2030)
6 Segment by Application
6.1 Global Electric Power Steering System (EPS) Production by Application (2019-2030)
6.1.1 Global Electric Power Steering System (EPS) Production by Application (2019-2024)
6.1.2 Global Electric Power Steering System (EPS) Production by Application (2025-2030)
6.1.3 Global Electric Power Steering System (EPS) Production Market Share by Application (2019-2030)
6.2 Global Electric Power Steering System (EPS) Production Value by Application (2019-2030)
6.2.1 Global Electric Power Steering System (EPS) Production Value by Application (2019-2024)
6.2.2 Global Electric Power Steering System (EPS) Production Value by Application (2025-2030)
6.2.3 Global Electric Power Steering System (EPS) Production Value Market Share by Application (2019-2030)
6.3 Global Electric Power Steering System (EPS) Price by Application (2019-2030)
7 Key Companies Profiled
7.1 JTEKT
7.1.1 JTEKT Electric Power Steering System (EPS) Corporation Information
7.1.2 JTEKT Electric Power Steering System (EPS) Product Portfolio
7.1.3 JTEKT Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) Corporation Information
7.2.2 Bosch Electric Power Steering System (EPS) Product Portfolio
7.2.3 Bosch Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) Corporation Information
7.3.2 Nexteer Electric Power Steering System (EPS) Product Portfolio
7.3.3 Nexteer Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) Corporation Information
7.4.2 ZF Electric Power Steering System (EPS) Product Portfolio
7.4.3 ZF Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) Corporation Information
7.5.2 NSK Electric Power Steering System (EPS) Product Portfolio
7.5.3 NSK Electric Power Steering System (EPS) 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) Electric Power Steering System (EPS) Corporation Information
7.6.2 Hitachi Astemo (Showa) Electric Power Steering System (EPS) Product Portfolio
7.6.3 Hitachi Astemo (Showa) Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) Corporation Information
7.7.2 Hyundai Mobis Electric Power Steering System (EPS) Product Portfolio
7.7.3 Hyundai Mobis Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) Corporation Information
7.8.2 Thyssenkrupp Electric Power Steering System (EPS) Product Portfolio
7.8.3 Thyssenkrupp Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) Corporation Information
7.9.2 Mando Electric Power Steering System (EPS) Product Portfolio
7.9.3 Mando Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) Corporation Information
7.10.2 CAAS Electric Power Steering System (EPS) Product Portfolio
7.10.3 CAAS Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) Corporation Information
7.11.2 Zhuzhou Elite Electric Power Steering System (EPS) Product Portfolio
7.11.3 Zhuzhou Elite Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) Corporation Information
7.12.2 Yubei Electric Power Steering System (EPS) Product Portfolio
7.12.3 Yubei Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) Corporation Information
7.13.2 Zhejiang Shibao Electric Power Steering System (EPS) Product Portfolio
7.13.3 Zhejiang Shibao Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) Industry Chain Analysis
8.2 Electric Power Steering System (EPS) Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Electric Power Steering System (EPS) Production Mode & Process
8.4 Electric Power Steering System (EPS) Sales and Marketing
8.4.1 Electric Power Steering System (EPS) Sales Channels
8.4.2 Electric Power Steering System (EPS) Distributors
8.5 Electric Power Steering System (EPS) Customers
9 Electric Power Steering System (EPS) Market Dynamics
9.1 Electric Power Steering System (EPS) Industry Trends
9.2 Electric Power Steering System (EPS) Market Drivers
9.3 Electric Power Steering System (EPS) Market Challenges
9.4 Electric Power Steering System (EPS) 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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