Global Motor-driven Power Steering Motor Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Motor-driven Power Steering Motor Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Motor-driven Power Steering Motor market size was valued at USD 2535.3 million in 2023 and is forecast to a readjusted size of USD 3031 million by 2030 with a CAGR of 2.6% during review period.

Motor-driven Power Steering System operate more efficiently by using power only when steering assistance is needed, unlike hydraulic systems that consume power continuously. This improved energy efficiency aligns with the automotive industry's emphasis on sustainability and green technologies. The overall growth in global automotive production and sales is a fundamental driver for the EPS market. As more vehicles are manufactured and sold worldwide, the demand for efficient and advanced steering systems, such as EPS, increases.

The Global Info Research report includes an overview of the development of the Motor-driven Power Steering Motor industry chain, the market status of Passenger Car (CEPS Motor, PEPS Motor), Commercial Vehicle (CEPS Motor, PEPS Motor), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Motor-driven Power Steering Motor.

Regionally, the report analyzes the Motor-driven Power Steering Motor markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Motor-driven Power Steering Motor market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Motor-driven Power Steering Motor market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Motor-driven Power Steering Motor industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., CEPS Motor, PEPS Motor).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Motor-driven Power Steering Motor market.

Regional Analysis: The report involves examining the Motor-driven Power Steering Motor market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Motor-driven Power Steering Motor market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Motor-driven Power Steering Motor:

Company Analysis: Report covers individual Motor-driven Power Steering Motor manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Motor-driven Power Steering Motor This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Passenger Car, Commercial Vehicle).

Technology Analysis: Report covers specific technologies relevant to Motor-driven Power Steering Motor. It assesses the current state, advancements, and potential future developments in Motor-driven Power Steering Motor areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Motor-driven Power Steering Motor market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Motor-driven Power Steering Motor market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
CEPS Motor
PEPS Motor
REPS Motor
EHPS Motor

Market segment by Application
Passenger Car
Commercial Vehicle

Major players covered
Nidec
Bosch
Mitsubishi Electric
Denso
ZF
LG Innotek
Mitsuba
Elite Electro Mechanical Co
Fuxin Dare

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Motor-driven Power Steering Motor product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Motor-driven Power Steering Motor, with price, sales, revenue and global market share of Motor-driven Power Steering Motor from 2019 to 2024.

Chapter 3, the Motor-driven Power Steering Motor competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Motor-driven Power Steering Motor breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Motor-driven Power Steering Motor market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Motor-driven Power Steering Motor.

Chapter 14 and 15, to describe Motor-driven Power Steering Motor sales channel, distributors, customers, research findings and conclusion.