Global Electric Power Steering Motor Market Research Report 2024(Status and Outlook)

Global Electric Power Steering Motor Market Research Report 2024(Status and Outlook)



Report Overview:

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 vehicle to turn or maneuver. Electric power steering systems use electric motors to provide the assistance instead of hydraulic systems. As with hydraulic types, power to the actuator (motor, in this case) is controlled by the rest of the power steering system. Electric power steering motor is a key component for Electric power steering system (EPS).

The Global Electric Power Steering Motor Market Size was estimated at USD 2484.72 million in 2023 and is projected to reach USD 2814.70 million by 2029, exhibiting a CAGR of 2.10% during the forecast period.

This report provides a deep insight into the global Electric Power Steering Motor market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Electric Power Steering Motor Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Electric Power Steering Motor market in any manner.

Global Electric Power Steering Motor Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Nidec

Bosch

Mitsubishi Electric

Denso

ZF

LG Innotek

Mitsuba

Mahle

Elite

Dare Auto

Market Segmentation (by Type)

CEPS Motor

REPS Motor

PEPS Motor

EHPS Motor

Market Segmentation (by Application)

Passenger Car

Commercial Vehicle

Geographic Segmentation
  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Electric Power Steering Motor Market
  • Overview of the regional outlook of the Electric Power Steering Motor Market:
Key Reasons to Buy this Report:
  • Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
  • This enables you to anticipate market changes to remain ahead of your competitors
  • You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
  • The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 6-month post-sales analyst support
Customization of the Report

In case of any queries or customization requirements, please connect with our sales team, who will ensure that your requirements are met.

Note: this report may need to undergo a final check or review and this could take about 48 hours.

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, 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 Electric Power Steering Motor Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the Market's Competitive Landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the 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 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to 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 8 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 capacity of each country in the world.

Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

Chapter 12 is the main points and conclusions of the report.


1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Electric Power Steering Motor
1.2 Key Market Segments
1.2.1 Electric Power Steering Motor Segment by Type
1.2.2 Electric Power Steering Motor Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
1.4 Key Data of Global Auto Market
1.4.1 Global Automobile Production by Country
1.4.2 Global Automobile Production by Type
2 Electric Power Steering Motor Market Overview
2.1 Global Market Overview
2.1.1 Global Electric Power Steering Motor Market Size (M USD) Estimates and Forecasts (2019-2030)
2.1.2 Global Electric Power Steering Motor Sales Estimates and Forecasts (2019-2030)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Electric Power Steering Motor Market Competitive Landscape
3.1 Global Electric Power Steering Motor Sales by Manufacturers (2019-2024)
3.2 Global Electric Power Steering Motor Revenue Market Share by Manufacturers (2019-2024)
3.3 Electric Power Steering Motor Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Electric Power Steering Motor Average Price by Manufacturers (2019-2024)
3.5 Manufacturers Electric Power Steering Motor Sales Sites, Area Served, Product Type
3.6 Electric Power Steering Motor Market Competitive Situation and Trends
3.6.1 Electric Power Steering Motor Market Concentration Rate
3.6.2 Global 5 and 10 Largest Electric Power Steering Motor Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 Electric Power Steering Motor Industry Chain Analysis
4.1 Electric Power Steering Motor Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Electric Power Steering Motor Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
5.5.1 New Product Developments
5.5.2 Mergers & Acquisitions
5.5.3 Expansions
5.5.4 Collaboration/Supply Contracts
5.6 Industry Policies
6 Electric Power Steering Motor Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Electric Power Steering Motor Sales Market Share by Type (2019-2024)
6.3 Global Electric Power Steering Motor Market Size Market Share by Type (2019-2024)
6.4 Global Electric Power Steering Motor Price by Type (2019-2024)
7 Electric Power Steering Motor Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Electric Power Steering Motor Market Sales by Application (2019-2024)
7.3 Global Electric Power Steering Motor Market Size (M USD) by Application (2019-2024)
7.4 Global Electric Power Steering Motor Sales Growth Rate by Application (2019-2024)
8 Electric Power Steering Motor Market Segmentation by Region
8.1 Global Electric Power Steering Motor Sales by Region
8.1.1 Global Electric Power Steering Motor Sales by Region
8.1.2 Global Electric Power Steering Motor Sales Market Share by Region
8.2 North America
8.2.1 North America Electric Power Steering Motor Sales by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe Electric Power Steering Motor Sales by Country
8.3.2 Germany
8.3.3 France
8.3.4 U.K.
8.3.5 Italy
8.3.6 Russia
8.4 Asia Pacific
8.4.1 Asia Pacific Electric Power Steering Motor Sales by Region
8.4.2 China
8.4.3 Japan
8.4.4 South Korea
8.4.5 India
8.4.6 Southeast Asia
8.5 South America
8.5.1 South America Electric Power Steering Motor Sales by Country
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Columbia
8.6 Middle East and Africa
8.6.1 Middle East and Africa Electric Power Steering Motor Sales by Region
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 Nigeria
8.6.6 South Africa
9 Key Companies Profile
9.1 Nidec
9.1.1 Nidec Electric Power Steering Motor Basic Information
9.1.2 Nidec Electric Power Steering Motor Product Overview
9.1.3 Nidec Electric Power Steering Motor Product Market Performance
9.1.4 Nidec Business Overview
9.1.5 Nidec Electric Power Steering Motor SWOT Analysis
9.1.6 Nidec Recent Developments
9.2 Bosch
9.2.1 Bosch Electric Power Steering Motor Basic Information
9.2.2 Bosch Electric Power Steering Motor Product Overview
9.2.3 Bosch Electric Power Steering Motor Product Market Performance
9.2.4 Bosch Business Overview
9.2.5 Bosch Electric Power Steering Motor SWOT Analysis
9.2.6 Bosch Recent Developments
9.3 Mitsubishi Electric
9.3.1 Mitsubishi Electric Electric Power Steering Motor Basic Information
9.3.2 Mitsubishi Electric Electric Power Steering Motor Product Overview
9.3.3 Mitsubishi Electric Electric Power Steering Motor Product Market Performance
9.3.4 Mitsubishi Electric Electric Power Steering Motor SWOT Analysis
9.3.5 Mitsubishi Electric Business Overview
9.3.6 Mitsubishi Electric Recent Developments
9.4 Denso
9.4.1 Denso Electric Power Steering Motor Basic Information
9.4.2 Denso Electric Power Steering Motor Product Overview
9.4.3 Denso Electric Power Steering Motor Product Market Performance
9.4.4 Denso Business Overview
9.4.5 Denso Recent Developments
9.5 ZF
9.5.1 ZF Electric Power Steering Motor Basic Information
9.5.2 ZF Electric Power Steering Motor Product Overview
9.5.3 ZF Electric Power Steering Motor Product Market Performance
9.5.4 ZF Business Overview
9.5.5 ZF Recent Developments
9.6 LG Innotek
9.6.1 LG Innotek Electric Power Steering Motor Basic Information
9.6.2 LG Innotek Electric Power Steering Motor Product Overview
9.6.3 LG Innotek Electric Power Steering Motor Product Market Performance
9.6.4 LG Innotek Business Overview
9.6.5 LG Innotek Recent Developments
9.7 Mitsuba
9.7.1 Mitsuba Electric Power Steering Motor Basic Information
9.7.2 Mitsuba Electric Power Steering Motor Product Overview
9.7.3 Mitsuba Electric Power Steering Motor Product Market Performance
9.7.4 Mitsuba Business Overview
9.7.5 Mitsuba Recent Developments
9.8 Mahle
9.8.1 Mahle Electric Power Steering Motor Basic Information
9.8.2 Mahle Electric Power Steering Motor Product Overview
9.8.3 Mahle Electric Power Steering Motor Product Market Performance
9.8.4 Mahle Business Overview
9.8.5 Mahle Recent Developments
9.9 Elite
9.9.1 Elite Electric Power Steering Motor Basic Information
9.9.2 Elite Electric Power Steering Motor Product Overview
9.9.3 Elite Electric Power Steering Motor Product Market Performance
9.9.4 Elite Business Overview
9.9.5 Elite Recent Developments
9.10 Dare Auto
9.10.1 Dare Auto Electric Power Steering Motor Basic Information
9.10.2 Dare Auto Electric Power Steering Motor Product Overview
9.10.3 Dare Auto Electric Power Steering Motor Product Market Performance
9.10.4 Dare Auto Business Overview
9.10.5 Dare Auto Recent Developments
10 Electric Power Steering Motor Market Forecast by Region
10.1 Global Electric Power Steering Motor Market Size Forecast
10.2 Global Electric Power Steering Motor Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe Electric Power Steering Motor Market Size Forecast by Country
10.2.3 Asia Pacific Electric Power Steering Motor Market Size Forecast by Region
10.2.4 South America Electric Power Steering Motor Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Consumption of Electric Power Steering Motor by Country
11 Forecast Market by Type and by Application (2025-2030)
11.1 Global Electric Power Steering Motor Market Forecast by Type (2025-2030)
11.1.1 Global Forecasted Sales of Electric Power Steering Motor by Type (2025-2030)
11.1.2 Global Electric Power Steering Motor Market Size Forecast by Type (2025-2030)
11.1.3 Global Forecasted Price of Electric Power Steering Motor by Type (2025-2030)
11.2 Global Electric Power Steering Motor Market Forecast by Application (2025-2030)
11.2.1 Global Electric Power Steering Motor Sales (K Units) Forecast by Application
11.2.2 Global Electric Power Steering Motor Market Size (M USD) Forecast by Application (2025-2030)
12 Conclusion and Key Findings

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