Electric Power Steering (EPS) System Market, By Type (Column Assist Type (CEPS), Pinion Assist Type (PEPS), and Rack Assist Type (REPS)), By Component (Steering Rack/Column, Sensor, Steering Motor, and Others), By Vehicle Type (Passenger Car, Light Commer

Electric Power Steering (EPS) System Market, By Type (Column Assist Type (CEPS), Pinion Assist Type (PEPS), and Rack Assist Type (REPS)), By Component (Steering Rack/Column, Sensor, Steering Motor, and Others), By Vehicle Type (Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles, and Buses & Coaches) By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)


The Global Electric Power Steering (EPS) System market has been growing significantly over the past decade due to various factors such as rising demand for fuel-efficient and low emission vehicles along with growing acceptance of advanced driver assistance systems. An EPS system supports electric power instead of hydraulic power for steering assist, which enhances fuel efficiency. The integration of EPS with ADAS functions has further boosted their adoption across different vehicle classes. OEMs are increasingly focusing on integrating newer technologies to offer enhanced safety, comfort, and driving experience to customers. Additionally, stringent emissions norms by regulatory bodies worldwide are propelling automakers to adopt lightweight and efficient components like EPS systems.

Market Dynamics:

The global EPS system market is driven by various factors such as growing vehicle production and sales, stringent fuel efficiency norms, and increasing demand for advanced safety and autonomous driving technologies. However, high development costs associated with EPS systems, especially for autonomous driving functions, can hamper the market growth. Additionally, availability of cheaper alternatives like hydraulic power steering systems poses a challenge. The market provides opportunities for OEMs and tier 1 suppliers to offer customized and integrated solutions, enabling advanced driver-assistance capabilities. Adoption of 48V architecture for mild-hybrid vehicles also creates scope for EPS systems manufacturers.

Key features of the study:
  • This report provides in-depth analysis of the global electric power steering (EPS) system market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global electric power steering (EPS) system market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Alcatel-Lucent (Nokia Networks), Bosch, DENSO Corporation, Hitachi Astemo (Showa), Hyundai Mobis, JTEKT Corporation, Mando Corporation, Mitsubishi Electric Corporation, Nexteer Automotive, NSK Global, Robert Bosch GmbH, Thyssenkrupp Presta AG, Valeo S.A., ZF Friedrichshafen AG, and Zhuzhou Elite Electro-Mechanical Co. Ltd.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global electric power steering (EPS) system market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Electric Power Steering (EPS) system market.
Detailed Segmentation:
  • By Type
  • Column Assist Type (CEPS)
  • Pinion Assist Type (PEPS)
  • Rack Assist Type (REPS)
  • By Component
  • Steering Rack/Column
  • Sensor
  • Steering Motor
  • Others
  • By Vehicle Type
  • Passenger Car
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Buses & Coaches
  • By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
  • Key Players Insights
  • Alcatel-Lucent (Nokia Networks)
  • Bosch
  • DENSO Corporation
  • Hitachi Astemo (Showa)
  • Hyundai Mobis
  • JTEKT Corporation
  • Mando Corporation
  • Mitsubishi Electric Corporation
  • Nexteer Automotive
  • NSK Global
  • Robert Bosch GmbH
  • Thyssenkrupp Presta AG
  • Valeo S.A.
  • ZF Friedrichshafen AG
  • Zhuzhou Elite Electro-Mechanical Co. Ltd.


1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Product Type
Market Snippet, By Application
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
PEST Analysis
PORTER’s Five Forces Analysis
Market Opportunities
Regulatory Scenario
Industry Trend
Mergers and Acquisitions
4. Global Advanced Phase Change Materials Market - Impact of Coronavirus (COVID-19) Pandemic
Overview
Factors Affecting the Global Advanced Phase Change Materials Market
Impact Analysis
5. Global Advanced Phase Change Materials Market, By Product Type, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Paraffin
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Salt Hydrates
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
6. Global Advanced Phase Change Materials Market, By Application, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Building and construction
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Commercial Refrigeration
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
HVAC
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Energy Storage
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Shipping and Transportation
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
7. Global Advanced Phase Change Materials Market, By Region, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2019-2031
North America
Introduction
Market Size and Forecast, By Product Type, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Application, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, By Product Type, 2019 – 2031, (US$ Bn))
Market Size and Forecast, By Application, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Introduction
Market Size and Forecast, By Product Type, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Application, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, By Product Type, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Application, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East & Africa
Introduction
Market Size and Forecast, By Product Type, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Application, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
GCC Countries
Israel
Rest of Middle East & Africa
8. Competitive Landscape
Market Share Analysis
Company Profiles
E.I. du Pont de Nemours & Company
Company Overview
Product Type Portfolio
Recent Developments/Updates
BASF
Company Overview
Product Type Portfolio
Recent Developments/Updates
Advansa B.V.
Company Overview
Product Type Portfolio
Recent Developments/Updates
Honeywell International
Company Overview
Product Type Portfolio
Recent Developments/Updates
Cryopak
Company Overview
Product Type Portfolio
Recent Developments/Updates
Dow Building Solutions
Company Overview
Product Type Portfolio
Recent Developments/Updates
Phase Change Products Pty Ltd.
Company Overview
Product Type Portfolio
Recent Developments/Updates
Climate Sweden AB
Company Overview
Product Type Portfolio
Recent Developments/Updates
Salca BV
Company Overview
Product Type Portfolio
Recent Developments/Updates
Rubitherm Technologies GmbH
Company Overview
Product Type Portfolio
Recent Developments/Updates
AI Technology Inc.
Company Overview
Product Type Portfolio
Recent Developments/Updates
Boyd Corporation
Company Overview
Product Type Portfolio
Recent Developments/Updates
Cold Chain Technologies
Company Overview
Product Type Portfolio
Recent Developments/Updates
Croda International PLC
Company Overview
Product Type Portfolio
Recent Developments/Updates
Henkel Ag & Company KGaA
Company Overview
Product Type Portfolio
Recent Developments/Updates
Honeywell Electronic Materials
Company Overview
Product Type Portfolio
Recent Developments/Updates
Microtek Laboratories Inc.
Company Overview
Product Type Portfolio
Recent Developments/Updates
Pluss Advanced Technologies
Company Overview
Product Type Portfolio
Recent Developments/Updates
Puretemp LLC
Company Overview
Product Type Portfolio
Recent Developments/Updates
Sasol Limited.
Company Overview
Product Type Portfolio
Recent Developments/Updates
9. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
10. Section
References
Research Methodology
About Us and Sales Contact
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