Global Electric Power Steering Market 2024-2028

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	175 Pages	TechNavio	December, 2023	INF18379506

Best Price Guarantee
Price	from $2,500
Length	175 Pages
Publisher	TechNavio
Published Date	December, 2023
SKU	INF18379506

Global Electric Power Steering Market 2024-2028

The electric power steering market is forecasted to grow by USD 7.33 bn during 2023-2028, accelerating at a CAGR of 5.05% during the forecast period. The report on the electric power steering market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by stringent regulations to control vehicular emissions, sharing of increase in production costs by OEMs and end-users, and rising adoption of EPS in entry-level and mid-segment vehicles.

Technavio's electric power steering market is segmented as below:

By Type

Collapsible
Rigid

By Application

Passenger car
Commercial vehicle

By Geographical Landscape

APAC
North America
Europe
South America
Middle East and Africa

This study identifies the steer-by-wire technology gaining adoption in cvs as one of the prime reasons driving the electric power steering market growth during the next few years. Also, development of portable steering wheel angle measurement sensors and development of 3D magnetic steering sensors for EPS will lead to sizable demand in the market.

The report on the electric power steering market covers the following areas:

Electric power steering market sizing
Electric power steering market forecast
Electric power steering market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric power steering market vendors that include DENSO Corp., GKN Sinter Metals Engineering GmbH, HELLA GmbH and Co. KGaA, Hitachi Ltd., Infineon Technologies AG, JTEKT Corp., Knorr Bremse AG, Mando Aftermarket North America, Mitsubishi Electric Corp., Nexteer Automotive Group Ltd., Nissan Motor Co. Ltd., NSK Ltd., NXP Semiconductors NV, Robert Bosch GmbH, STMicroelectronics International N.V., TT Electronics Plc, Valeo SA, Zapi Group, and ZF Friedrichshafen AG. Also, the electric power steering market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Executive Summary
- Market overview
  - Table Executive Summary – Chart on Market Overview
  - Table Executive Summary – Data Table on Market Overview
  - Table Executive Summary – Chart on Global Market Characteristics
  - Table Executive Summary – Chart on Market by Geography
  - Table Executive Summary – Chart on Market Segmentation by Type
  - Table Executive Summary – Chart on Market Segmentation by Application
  - Table Executive Summary – Chart on Incremental Growth
  - Table Executive Summary – Data Table on Incremental Growth
  - Table Executive Summary – Chart on Vendor Market Positioning
Market Landscape
- Market ecosystem
  - Table Parent market
  - Table Market Characteristics
Market Sizing
- Market definition
  - Table Offerings of vendors included in the market definition
- Market segment analysis
  - Table Market segments
- Market size 2023
- Market outlook: Forecast for 2023-2028
  - Table Chart on Global - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
  - Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Historic Market Size
- Global electric power steering market 2018 - 2022
  - Table Historic Market Size – Data table on global electric power steering market 2018 - 2022 ($ million)
- Type Segment Analysis 2018 - 2022
  - Table Historic Market Size – Type Segment 2018 - 2022 ($ million)
- Application Segment Analysis 2018 - 2022
  - Table Historic Market Size – Application Segment 2018 - 2022 ($ million)
- Geography Segment Analysis 2018 - 2022
  - Table Historic Market Size – Geography Segment 2018 - 2022 ($ million)
- Country Segment Analysis 2018 - 2022
  - Table Historic Market Size – Country Segment 2018 - 2022 ($ million)
Five Forces Analysis
- Five forces summary
  - Table Five forces analysis - Comparison between 2023 and 2028
- Bargaining power of buyers
  - Table Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
- Bargaining power of suppliers
  - Table Bargaining power of suppliers – Impact of key factors in 2023 and 2028
- Threat of new entrants
  - Table Threat of new entrants – Impact of key factors in 2023 and 2028
- Threat of substitutes
  - Table Threat of substitutes – Impact of key factors in 2023 and 2028
- Threat of rivalry
  - Table Threat of rivalry – Impact of key factors in 2023 and 2028
- Market condition
  - Table Chart on Market condition - Five forces 2023 and 2028
Market Segmentation by Type
- Market segments
  - Table Chart on Type - Market share 2023-2028 (%)
  - Table Data Table on Type - Market share 2023-2028 (%)
- Comparison by Type
  - Table Chart on Comparison by Type
  - Table Data Table on Comparison by Type
- Collapsible - Market size and forecast 2023-2028
  - Table Chart on Collapsible - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Collapsible - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Collapsible - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Collapsible - Year-over-year growth 2023-2028 (%)
- Rigid - Market size and forecast 2023-2028
  - Table Chart on Rigid - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Rigid - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Rigid - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Rigid - Year-over-year growth 2023-2028 (%)
- Market opportunity by Type
  - Table Market opportunity by Type ($ million)
  - Table Data Table on Market opportunity by Type ($ million)
Market Segmentation by Application
- Market segments
  - Table Chart on Application - Market share 2023-2028 (%)
  - Table Data Table on Application - Market share 2023-2028 (%)
- Comparison by Application
  - Table Chart on Comparison by Application
  - Table Data Table on Comparison by Application
- Passenger car - Market size and forecast 2023-2028
  - Table Chart on Passenger car - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Passenger car - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Passenger car - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Passenger car - Year-over-year growth 2023-2028 (%)
- Commercial vehicle - Market size and forecast 2023- 2028
  - Table Chart on Commercial vehicle - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Commercial vehicle - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Commercial vehicle - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Commercial vehicle - Year-over-year growth 2023-2028 (%)
- Market opportunity by Application
  - Table Market opportunity by Application ($ million)
  - Table Data Table on Market opportunity by Application ($ million)
Customer Landscape
- Customer landscape overview
  - Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Geographic Landscape
- Geographic segmentation
  - Table Chart on Market share by geography 2023-2028 (%)
  - Table Data Table on Market share by geography 2023-2028 (%)
- Geographic comparison
  - Table Chart on Geographic comparison
  - Table Data Table on Geographic comparison
- APAC - Market size and forecast 2023-2028
  - Table Chart on APAC - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
  - Table Chart on APAC - Year-over-year growth 2023-2028 (%)
  - Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
- North America - Market size and forecast 2023-2028
  - Table Chart on North America - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
  - Table Chart on North America - Year-over-year growth 2023-2028 (%)
  - Table Data Table on North America - Year-over-year growth 2023-2028 (%)
- Europe - Market size and forecast 2023-2028
  - Table Chart on Europe - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Europe - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
- South America - Market size and forecast 2023-2028
  - Table Chart on South America - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
  - Table Chart on South America - Year-over-year growth 2023-2028 (%)
  - Table Data Table on South America - Year-over-year growth 2023-2028 (%)
- Middle East and Africa - Market size and forecast 2023- 2028
  - Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- US - Market size and forecast 2023-2028
  - Table Chart on US - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on US - Market size and forecast 2023-2028 ($ million)
  - Table Chart on US - Year-over-year growth 2023-2028 (%)
  - Table Data Table on US - Year-over-year growth 2023-2028 (%)
- China - Market size and forecast 2023-2028
  - Table Chart on China - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on China - Market size and forecast 2023-2028 ($ million)
  - Table Chart on China - Year-over-year growth 2023-2028 (%)
  - Table Data Table on China - Year-over-year growth 2023-2028 (%)
- Japan - Market size and forecast 2023-2028
  - Table Chart on Japan - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Japan - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Japan - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Japan - Year-over-year growth 2023-2028 (%)
- Germany - Market size and forecast 2023-2028
  - Table Chart on Germany - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Germany - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
- South Korea - Market size and forecast 2023-2028
  - Table Chart on South Korea - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on South Korea - Market size and forecast 2023-2028 ($ million)
  - Table Chart on South Korea - Year-over-year growth 2023-2028 (%)
  - Table Data Table on South Korea - Year-over-year growth 2023-2028 (%)
- Market opportunity by geography
  - Table Market opportunity by geography ($ million)
  - Table Data Tables on Market opportunity by geography ($ million)
Drivers, Challenges, and Trends
- Market drivers
  - Stringent regulations to control vehicular emissions
  - Sharing of increase in production costs by OEMs and end-users
  - Rising adoption of EPS in entry-level and mid-segment vehicles
- Market challenges
  - Sharp decline in automobile production and sales
  - Fluctuating costs of raw materials
  - Safety concerns due to faulty components in EPS systems
- Impact of drivers and challenges
  - Table Impact of drivers and challenges in 2023 and 2028
- Market trends
  - Steer-by-wire technology gaining adoption in CVs
  - Development of portable steering wheel angle measurement sensors
  - Development of 3D magnetic steering sensors for EPS
Vendor Landscape
- Overview
- Vendor landscape
  - Table Overview on Criticality of inputs and Factors of differentiation
- Landscape disruption
  - Table Overview on factors of disruption
- Industry risks
  - Table Impact of key risks on business
Vendor Analysis
- Vendors covered
  - Table Vendors covered
- Market positioning of vendors
  - Table Matrix on vendor position and classification
- DENSO Corp.
  - Table DENSO Corp. - Overview
  - Table DENSO Corp. - Business segments
  - Table DENSO Corp. - Key news
  - Table DENSO Corp. - Key offerings
  - Table DENSO Corp. - Segment focus
- GKN Sinter Metals Engineering GmbH
  - Table GKN Sinter Metals Engineering GmbH - Overview
  - Table GKN Sinter Metals Engineering GmbH - Product / Service
  - Table GKN Sinter Metals Engineering GmbH - Key offerings
- HELLA GmbH and Co. KGaA
  - Table HELLA GmbH and Co. KGaA - Overview
  - Table HELLA GmbH and Co. KGaA - Business segments
  - Table HELLA GmbH and Co. KGaA - Key news
  - Table HELLA GmbH and Co. KGaA - Key offerings
  - Table HELLA GmbH and Co. KGaA - Segment focus
- Hitachi Ltd.
  - Table Hitachi Ltd. - Overview
  - Table Hitachi Ltd. - Business segments
  - Table Hitachi Ltd. - Key news
  - Table Hitachi Ltd. - Key offerings
  - Table Hitachi Ltd. - Segment focus
- Infineon Technologies AG
  - Table Infineon Technologies AG - Overview
  - Table Infineon Technologies AG - Business segments
  - Table Infineon Technologies AG - Key news
  - Table Infineon Technologies AG - Key offerings
  - Table Infineon Technologies AG - Segment focus
- Knorr Bremse AG
  - Table Knorr Bremse AG - Overview
  - Table Knorr Bremse AG - Business segments
  - Table Knorr Bremse AG - Key offerings
  - Table Knorr Bremse AG - Segment focus
- Mando Aftermarket North America
  - Table Mando Aftermarket North America - Overview
  - Table Mando Aftermarket North America - Product / Service
  - Table Mando Aftermarket North America - Key offerings
- Mitsubishi Electric Corp.
  - Table Mitsubishi Electric Corp. - Overview
  - Table Mitsubishi Electric Corp. - Business segments
  - Table Mitsubishi Electric Corp. - Key news
  - Table Mitsubishi Electric Corp. - Key offerings
  - Table Mitsubishi Electric Corp. - Segment focus
- Nexteer Automotive Group Ltd.
  - Table Nexteer Automotive Group Ltd. - Overview
  - Table Nexteer Automotive Group Ltd. - Business segments
  - Table Nexteer Automotive Group Ltd. - Key news
  - Table Nexteer Automotive Group Ltd. - Key offerings
  - Table Nexteer Automotive Group Ltd. - Segment focus
- NSK Ltd.
  - Table NSK Ltd. - Overview
  - Table NSK Ltd. - Product / Service
  - Table NSK Ltd. - Key offerings
- NXP Semiconductors NV
  - Table NXP Semiconductors NV - Overview
  - Table NXP Semiconductors NV - Product / Service
  - Table NXP Semiconductors NV - Key news
  - Table NXP Semiconductors NV - Key offerings
- Robert Bosch GmbH
  - Table Robert Bosch GmbH - Overview
  - Table Robert Bosch GmbH - Business segments
  - Table Robert Bosch GmbH - Key news
  - Table Robert Bosch GmbH - Key offerings
  - Table Robert Bosch GmbH - Segment focus
- TT Electronics Plc
  - Table TT Electronics Plc - Overview
  - Table TT Electronics Plc - Business segments
  - Table TT Electronics Plc - Key offerings
  - Table TT Electronics Plc - Segment focus
- Valeo SA
  - Table Valeo SA - Overview
  - Table Valeo SA - Business segments
  - Table Valeo SA - Key news
  - Table Valeo SA - Key offerings
  - Table Valeo SA - Segment focus
- ZF Friedrichshafen AG
  - Table ZF Friedrichshafen AG - Overview
  - Table ZF Friedrichshafen AG - Business segments
  - Table ZF Friedrichshafen AG - Key news
  - Table ZF Friedrichshafen AG - Key offerings
  - Table ZF Friedrichshafen AG - Segment focus
Appendix
- Scope of the report
  - Market definition
  - Objectives
  - Notes and caveats
- Inclusions and exclusions checklist
  - Table Inclusions checklist
  - Table Exclusions checklist
- Currency conversion rates for US$
  - Table Currency conversion rates for US$
- Research methodology
  - Table Research methodology
  - Table Validation techniques employed for market sizing
  - Table Information sources
- List of abbreviations
  - Table List of abbreviations