Electronic Power Steering (EPS) Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type (Column Assisted Electronic Power Steering(C-EPS), Pinion Assisted Electronic Power Steering (P-EPS), Rack Assisted Power Steering System (R-EPS), Electronic Hydraulic Power Steering (EHPS)); Application (Light Commercial Vehicles (LCV), Passenger Cars, Heavy Commercial Vehicles (HCV))
The electronic power steering (EPS) market is expected to grow from US$ 52,692.31 in 2019 to US$ 54,933.16 million by 2027; it is estimated to grow at a CAGR of 3.6% from 2020 to 2027.
With the constant technological advancement in the automotive sector, along with the development of innovative solutions to complement the overall traveling experience, has significantly improved the quality of automobiles as compared to the ones developed two decades earlier. The automotive OEMs have introduced several advanced features that enhance the vehicle visual aesthetics, and efficiencies, among other performance indicators in the vehicle. The EPS has quickly gained prominence and resulted in wider adoption by several automotive OEMs globally. The strong presence of manufacturing and production facilities of various electronic power steering market players in Japan and China, which has multiple production facilities around the city, witnessed a decline in its production of electronic power steering products. In addition, the subsequent nationwide lockdowns, following the wide spread of COVID-19, has disrupted the automotive production capabilities as well as supply chain activities globally; this has lowered the demand from electronic power steering from various automotive manufacturers and customers. Thus, the global electronic power steering market is expected to witness a significant decline in revenue generation owing to discontinued production across numerous production facilities globally in 2020.
The emergence and rapid spread of COVID-19 has paralyzed numerous developed and developing countries. The continuous surge in count of infected patients is threatening several industries across the globe. Since majority of the countries are exercising lockdowns, the demand for electronic power steering is decreasing at a prominent rate. This is due to the fact that, the key electronic power steering purchasing countries have been restricting their investment on these components, and are utilizing a fair percentage of their budget to combat COVID-19. The temporary shutdown of manufacturing facilities is also showcasing negative trend in the electronic power steering market. The continuity of the COVID-19 spread, would be severely dangerous for electronic power steering market players. All these factors have affected the electronics industry in a negative manner and they would act as restraining factors for the growth of various markets related to this industry in the coming months.
Electronic Power Steering Market Revenue and Forecast to 2027 (US$ Million)
Get more information on this report :
Electronic Power Steering Market Segmentation
Electronic Power Steering Market – by Type
- Column Assisted Electronic Power Steering(C-EPS)
- Pinion Assisted Electronic Power Steering (P-EPS)
- Rack Assisted Power Steering System (R-EPS)
- Electronic Hydraulic Power Steering (EHPS)
Electronic Power Steering Market – by Application
- Light Commercial Vehicles (LCV)
- Passenger Cars
- Heavy Commercial Vehicles (HCV)
Electronic Power Steering Market – by Geography
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- Japan
- South Korea
- Rest of APAC
- Middle East &Africa (MEA)
- South Africa
- Rest of MEA
- South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Electronic Power Steering Market – Companies Mentioned
- Hyundai Mobis
- JTEKT Corporation
- Mitsubishi Electric Corporation
- Nexteer Automotive
- NSK Ltd.
- Robert Bosch GmbH
- Showa Corporation
- The Mando Corporation
- ThyssenKrupp AG
- ZF Friedrichshafen AG
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Electronic Power Steering Market – By Type
1.3.2 Electronic Power Steering Market – By Application
1.3.3 Electronic Power Steering Market – By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Electronic Power Steering (EPS) Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Middle East and Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Electronic Power Steering (EPS) –Market Dynamics
5.1 Market Drivers
5.1.1 Mounting Requirement of Fuel-Efficient Vehicles Globally
5.1.2 Boosting Adoption of Steer-by-Wire (SbW) Technology
5.1.3 Growing Sales of Premium Cars in China
5.2 Market Restraints
5.2.1 High Cost of Electronic Power Steering (EPS)
5.3 Market Opportunities
5.3.1 Growing Trends of Electrification of Vehicles
5.4 Future Trends
5.4.1 Rising Development of Self-Driving Vehicles
5.5 Impact Analysis of Drivers and Restraints
6. Electronic Power Steering (EPS) – Global Market Analysis
6.1 Electronic Power Steering (EPS) Market Overview
6.2 Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Global Market Players Ranking
7. Electronic Power Steering (EPS) Market Analysis– By Type
7.1 Overview
7.2 Electronic Power Steering (EPS) Market Breakdown, By Type, 2018 & 2027
7.3 Column Assisted Electronic Power Steering(C-EPS)
7.3.1 Overview
7.3.2 Column Assisted Electronic Power Steering(C-EPS) Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Pinion Assisted Electronic Power Steering (P-EPS)
7.4.1 Overview
7.4.2 Pinion Assisted Electronic Power Steering (P-EPS) Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 Rack Assisted Power Steering System (R-EPS)
7.5.1 Overview
7.5.2 Rack Assisted Power Steering System (R-EPS) Market Revenue and Forecasts to 2027 (US$ Mn)
7.6 Electronic Hydraulic Power Steering (E-HPS)
7.6.1 Overview
7.6.2 Electronic Hydraulic Power Steering (E-HPS) Market Revenue and Forecasts to 2027 (US$ Mn)
8. Electronic Power Steering (EPS) Market Analysis – By Application
8.1 Overview
8.2 Global Electronic Power Steering (EPS) Market Breakdown, By Application, 2019 & 2027 (%)
8.3 Light Commercial Vehicles (LCV)
8.3.1 Overview
8.3.2 Light Commercial Vehicles (LCV) Market Forecast and Analysis
8.4 Passenger Cars
8.4.1 Overview
8.4.2 Passenger Cars Market Forecast and Analysis
8.5 Heavy Commercial Vehicles (HCV)
8.5.1 Overview
8.5.2 Heavy Commercial Vehicles (HCV) Market Forecast and Analysis
9. Electronic Power Steering (EPS) Market – Geographic Analysis
9.1 Overview
9.2 North America: Electronic Power Steering (EPS) Market
9.2.1 North America: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
9.2.2 North America: Electronic Power Steering (EPS) Market, By Type
9.2.3 North America: Electronic Power Steering (EPS) Market, By Application
9.2.4 North America: Electronic Power Steering (EPS) Market, By Country
9.2.4.1 US: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
9.2.4.1.1 US: Electronic Power Steering (EPS) Market, By Type
9.2.4.1.2 US: Electronic Power Steering (EPS) Market, By Application
9.2.4.2 Canada: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
9.2.4.2.1 Canada: Electronic Power Steering (EPS) Market, By Type
9.2.4.2.2 Canada: Electronic Power Steering (EPS) Market, By Application
9.2.4.3 Mexico: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
9.2.4.3.1 Mexico: Electronic Power Steering (EPS) Market, By Type
9.2.4.3.2 Mexico: Electronic Power Steering (EPS) Market, By Application
9.3 Europe: Electronic Power Steering (EPS) Market
9.3.1 Europe: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
9.3.2 Europe: Electronic Power Steering (EPS) Market, By Type
9.3.3 Europe: Electronic Power Steering (EPS) Market, By Application
9.3.4 Europe: Electronic Power Steering (EPS) Market, By Country
9.3.4.1 Germany: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.1.1 Germany: Electronic Power Steering (EPS) Market, By Type
9.3.4.1.2 Germany: Electronic Power Steering (EPS) Market, By Application
9.3.4.2 France: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.2.1 France: Electronic Power Steering (EPS) Market, By Type
9.3.4.2.2 France: Electronic Power Steering (EPS) Market, By Application
9.3.4.3 Italy: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.3.1 Italy: Electronic Power Steering (EPS) Market, By Type
9.3.4.3.2 Italy: Electronic Power Steering (EPS) Market, By Application
9.3.4.4 UK: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.4.1 UK: Electronic Power Steering (EPS) Market, By Type
9.3.4.4.2 UK: Electronic Power Steering (EPS) Market, By Application
9.3.4.5 Russia: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.5.1 Russia: Electronic Power Steering (EPS) Market, By Type
9.3.4.5.2 Russia: Electronic Power Steering (EPS) Market, By Application
9.3.4.6 Rest of Europe: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.6.1 Rest of Europe: Electronic Power Steering (EPS) Market, By Type
9.3.4.6.2 Rest of Europe: Electronic Power Steering (EPS) Market, By Application
9.4 APAC: Electronic Power Steering (EPS) Market
9.4.1 APAC: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
9.4.2 APAC: Electronic Power Steering (EPS) Market, By Type
9.4.3 APAC: Electronic Power Steering (EPS) Market, By Application
9.4.4 APAC: Electronic Power Steering (EPS) Market, By Country
9.4.4.1 China: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.1.1 China: Electronic Power Steering (EPS) Market, By Type
9.4.4.1.2 China: Electronic Power Steering (EPS) Market, By Application
9.4.4.2 India: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.2.1 India: Electronic Power Steering (EPS) Market, By Type
9.4.4.2.2 India: Electronic Power Steering (EPS) Market, By Application
9.4.4.3 Japan: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.3.1 Japan: Electronic Power Steering (EPS) Market, By Type
9.4.4.3.2 Japan: Electronic Power Steering (EPS) Market, By Application
9.4.4.4 South Korea: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.4.1 South Korea: Electronic Power Steering (EPS) Market, By Type
9.4.4.4.2 South Korea: Electronic Power Steering (EPS) Market, By Application
9.4.4.5 Rest of APAC: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.5.1 Rest of APAC: Electronic Power Steering (EPS) Market, By Type
9.4.4.5.2 Rest of APAC: Electronic Power Steering (EPS) Market, By Application
9.5 MEA: Electronic Power Steering (EPS) Market
9.5.1 MEA: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
9.5.2 MEA: Electronic Power Steering (EPS) Market, By Type
9.5.3 MEA: Electronic Power Steering (EPS) Market, By Application
9.5.4 MEA: Electronic Power Steering (EPS) Market, By Country
9.5.4.1 South Africa: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
9.5.4.1.1 South Africa: Electronic Power Steering (EPS) Market, By Type
9.5.4.1.2 South Africa: Electronic Power Steering (EPS) Market, By Application
9.5.4.2 Rest of MEA: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
9.5.4.2.1 Rest of MEA: Electronic Power Steering (EPS) Market, By Type
9.5.4.2.2 Rest of MEA: Electronic Power Steering (EPS) Market, By Application
9.6 SAM: Electronic Power Steering (EPS) Market
9.6.1 SAM: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
9.6.2 SAM: Electronic Power Steering (EPS) Market, By Type
9.6.3 SAM: Electronic Power Steering (EPS) Market, By Application
9.6.4 SAM: Electronic Power Steering (EPS) Market, By Country
9.6.4.1 Brazil: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
9.6.4.1.1 Brazil: Electronic Power Steering (EPS) Market, By Type
9.6.4.1.2 Brazil: Electronic Power Steering (EPS) Market, By Application
9.6.4.2 Argentina: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
9.6.4.2.1 Argentina: Electronic Power Steering (EPS) Market, By Type
9.6.4.2.2 Argentina: Electronic Power Steering (EPS) Market, By Application
9.6.4.3 Rest of SAM: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
9.6.4.3.1 Rest of SAM: Electronic Power Steering (EPS) Market, By Type
9.6.4.3.2 Rest of SAM: Electronic Power Steering (EPS) Market, By Application
10. Electronic Power Steering (EPS) Market- COVID-19 Impact Analysis
10.1 Overview
10.1.1 North America: Impact Assessment of COVID-19 Pandemic
10.1.2 Europe: Impact Assessment of COVID-19 Pandemic
10.1.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.1.5 South America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 Hyundai Mobis
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 JTEKT Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Mitsubishi Electric Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Nexteer Automotive
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 inancial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 NSK Ltd.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Robert Bosch GmbH
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Showa Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 The Mando Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 ThyssenKrupp AG
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 ZF Friedrichshafen AG
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 US$ Mn)
Table 2. North America Electronic Power Steering (EPS) Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 3. North America Electronic Power Steering (EPS) Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 4. US Electronic Power Steering (EPS) Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 5. US Electronic Power Steering (EPS) Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 6. Canada Electronic Power Steering (EPS) Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 7. Canada Electronic Power Steering (EPS) Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 8. Mexico Electronic Power Steering (EPS) Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 9. Mexico Electronic Power Steering (EPS) Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 10. Europe Electronic Power Steering (EPS) Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 11. Europe Electronic Power Steering (EPS) Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 12. Germany Electronic Power Steering (EPS) Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 13. Germany Electronic Power Steering (EPS) Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 14. France Electronic Power Steering (EPS) Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 15. France Electronic Power Steering (EPS) Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 16. Italy Electronic Power Steering (EPS) Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 17. Italy Electronic Power Steering (EPS) Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 18. UK Electronic Power Steering (EPS) Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 19. UK Electronic Power Steering (EPS) Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 20. Russia Electronic Power Steering (EPS) Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 21. Russia Electronic Power Steering (EPS) Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 22. Rest of Europe Electronic Power Steering (EPS) Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 23. Rest of Europe Electronic Power Steering (EPS) Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 24. APAC Electronic Power Steering (EPS) Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 25. APAC Electronic Power Steering (EPS) Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 26. China Electronic Power Steering (EPS) Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 27. China Electronic Power Steering (EPS) Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 28. India Electronic Power Steering (EPS) Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 29. India Electronic Power Steering (EPS) Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 30. Japan Electronic Power Steering (EPS) Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 31. Japan Electronic Power Steering (EPS) Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 32. South Korea Electronic Power Steering (EPS) Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 33. South Korea Electronic Power Steering (EPS) Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 34. Rest of APAC Electronic Power Steering (EPS) Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 35. Rest Of APAC Electronic Power Steering (EPS) Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 36. MEA Electronic Power Steering (EPS) Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 37. MEA Electronic Power Steering (EPS) Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 38. South Africa Electronic Power Steering (EPS) Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 39. South Africa Electronic Power Steering (EPS) Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 40. Rest of MEA Electronic Power Steering (EPS) Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 41. Rest Of MEA Electronic Power Steering (EPS) Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 42. SAM Electronic Power Steering (EPS) Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 43. SAM Electronic Power Steering (EPS) Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 44. Brazil Electronic Power Steering (EPS) Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 45. Brazil Electronic Power Steering (EPS) Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 46. Argentina Electronic Power Steering (EPS) Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 47. Argentina Electronic Power Steering (EPS) Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 48. Rest of SAM Electronic Power Steering (EPS) Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 49. Rest Of SAM Electronic Power Steering (EPS) Market, By Application – Revenue and Forecast to 2027 (US$ Million)
LIST OF FIGURES
Figure 1. Electronic Power Steering (EPS) Market Segmentation
Figure 2. Electronic Power Steering (EPS) Market Segmentation – By Geography
Figure 3. Global Electronic Power Steering (EPS) - Geographical Analysis
Figure 4. Global Electronic Power Steering (EPS) - Market Overview
Figure 5. Global Electronic Power Steering (EPS) Market by Type
Figure 6. Electronic Power Steering (EPS) Market by Application
Figure 7. Electronic Power Steering (EPS) Market by Geography
Figure 8. North America: PEST Analysis
Figure 9. Europe: PEST Analysis
Figure 10. APAC: PEST Analysis
Figure 11. MEA: PEST Analysis
Figure 12. SAM: PEST Analysis
Figure 13. Ecosystem Analysis
Figure 14. Expert Opinion
Figure 15. Electronic Power Steering (EPS) Market Impact Analysis of Drivers and Restraints
Figure 16. Geographic Overview of Electronic Power Steering (EPS) Market Revenue
Figure 17. Global: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. Electronic Power Steering (EPS) Market Breakdown, By Type, 2018 & 2027 (%)
Figure 19. Column Assisted Electronic Power Steering(C-EPS) Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. Pinion Assisted Electronic Power Steering (P-EPS) Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. Rack Assisted Power Steering System (R-EPS) Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 22. Electronic Hydraulic Power Steering (E-HPS) Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 23. Global Electronic Power Steering (EPS) Market Breakdown, By Application, 2019 & 2027 (%)
Figure 24. Global Light Commercial Vehicles (LCV) Market Revenue and Forecast to 2027 (US$ Mn)
Figure 25. Global Passenger Cars Market Revenue and Forecast to 2027 (US$ Mn)
Figure 26. Global Heavy Commercial Vehicles (HCV) Market Revenue and Forecast to 2027 (US$ Mn)
Figure 27. Global Electronic Power Steering (EPS) Market Revenue Share, By Region (2019 and 2027)
Figure 28. North America: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. North America Electronic Power Steering (EPS) Market Revenue Share, By Type (2019 and 2027)
Figure 30. North America Electronic Power Steering (EPS) Market Revenue Share, By Application (2019 and 2027)
Figure 31. North America Electronic Power Steering (EPS) Market Revenue Share, By Country (2019 and 2027)
Figure 32. US: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. Canada: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 34. Mexico: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 35. Europe: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 36. Europe: Electronic Power Steering (EPS) Market Revenue Share, By Type (2019 and 2027)
Figure 37. Europe: Electronic Power Steering (EPS) Market Revenue Share, By Application (2019 and 2027)
Figure 38. Europe: Electronic Power Steering (EPS) Market Revenue Share, By Country (2019 and 2027)
Figure 39. Germany: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 40. France: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 41. Italy: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 42. UK: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 43. Russia: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 44. Rest of Europe: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 45. APAC: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 46. APAC: Electronic Power Steering (EPS) Market Revenue Share, By Type (2019 and 2027)
Figure 47. APAC: Electronic Power Steering (EPS) Market Revenue Share, By Application (2019 and 2027)
Figure 48. APAC: Electronic Power Steering (EPS) Market Revenue Share, By Country (2019 and 2027)
Figure 49. China: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 50. India: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 51. Japan: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 52. South Korea: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 53. Rest of APAC: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 54. MEA: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 55. MEA: Electronic Power Steering (EPS) Market Revenue Share, By Type (2019 and 2027)
Figure 56. MEA: Electronic Power Steering (EPS) Market Revenue Share, By Application (2019 and 2027)
Figure 57. MEA: Electronic Power Steering (EPS) Market Revenue Share, By Country (2019 and 2027)
Figure 58. South Africa: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 59. Rest of MEA: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 60. SAM: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 61. SAM: Electronic Power Steering (EPS) Market Revenue Share, By Type (2019 and 2027)
Figure 62. SAM: Electronic Power Steering (EPS) Market Revenue Share, By Application (2019 and 2027)
Figure 63. SAM: Electronic Power Steering (EPS) Market Revenue Share, By Country (2019 and 2027)
Figure 64. Brazil: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 65. Argentina: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 66. Rest of SAM: Electronic Power Steering (EPS) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 67. Impact of COVID-19 Pandemic in North American Country Markets
Figure 68. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 69. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 70. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 71. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Electronic Power Steering Market
- Hyundai Mobis
- JTEKT Corporation
- Mitsubishi Electric Corporation
- Nexteer Automotive
- NSK Ltd.
- Robert Bosch GmbH
- Showa Corporation
- The Mando Corporation
- ThyssenKrupp AG
- ZF Friedrichshafen AG
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global electronic power steering (EPS) market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global electronic power steering (EPS) market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Frequently Asked Questions
Rising adoption of autonomous driving worldwide is one of the major factors boosting the adoption of steer-by-wire systems in the vehicles. SbW is enhancing the driving experience as well as safety. The SbW technology is currently experiencing a constant surge in development as well as demand. The higher levels of autonomous driving require uninterrupted communication, redundant power supply, and steering rack. Moreover, the SbW enhances the safety with the help of driver assistance systems. It also eliminates the intermediate steering shaft and thus, reduces the risk of injury to the driver from mechanical steering components by augmenting the passive safety in the vehicle.
There is an increase in adoption of buses and trucks, specifically for logistics and public transportation purposes, across the globe. In Asia, Oceania, and Europe, the public transportation is used more as compared to private transportation, whereas in North America, transportation is mainly through private vehicles. Growing population in urban areas is demanding the increasing public transportation with the improvement in existing transportation infrastructure is proving to be insufficient. The OEMs across the globe are now focusing on reducing the global carbon footprint, therefore, boosting the usage of electric vehicles is anticipated to offer ample growth opportunities for the global electronic power steering (EPS) market players.
The electronic power steering (EPS) market is led by passenger cars segment with highest share and is expected to dominate in the forecast period. Passenger cars are the transport vehicles with not more than eight seats. Due to the worsening weather and air quality in countries, such as Bangladesh, Pakistan, Mongolia, Afghanistan, India, people are adopting alternative fuel and related technologies in their passenger cars. Passenger cars can be divided into sedan, hatchback, and SUV or MUV. The demand for passenger vehicles is increasing with a rise in per capita income and need for luxury. The electronic power steering system is linked to the vehicle control unit.