Europe Automotive Electric Power Steering Market Forecast 2022-2030
KEY FINDINGS
The Europe automotive electric power steering market is set to grow with a 3.95% CAGR during the estimated period, 2022-2030. The region homes various global automobile manufacturers and OEMs supporting market growth. Also, strict vehicular emission regulations and carbon tax drive the EV market, surging the demand for electric power steerings.
MARKET INSIGHTS
The Europe automotive electric power steering market growth analysis includes the assessment of Spain, Slovakia, France, Czech Republic, United Kingdom, Germany, Italy, and Rest of Europe. The automotive industry is one of the biggest contributors to France’s foreign trade balance. The demand for the use of electric power steering (EPS) in automobiles is anticipated to increase due to French automakers’ increased R&D efforts to produce electric vehicles.
On the other hand, the automotive industry is one of Italy’s most important industries. Additionally, the transition from thermal engines to electro mobility (hybrid and electric) is reshaping the industry and may present opportunities for manufacturers of charging infrastructure, diagnostic equipment, and vehicle components in Italy. These developments benefit the original equipment manufacturer (OEM) and the Italy automotive electric power steering market.
Furthermore, according to government sources, Spain is the 2nd largest automaker in Europe and the 8th largest worldwide. Spanish manufacturing plants are among the most efficient and automated in Europe. The industry is one of the most aggressive investors in modernization, automation, and R&D and offers full value chain flexibility. Hence, the highly sophisticated automotive sector drives the Spain automotive electric power steering market.
COMPETITIVE INSIGHTS
Some of the leading market players include Robert Bosch GmbH, thyssenkrupp AG, ZF Group, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Scope Of Study
- 1.3. Methodology
- 1.4. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Increased Fuel Efficiency In The Electric Power Steering Mechanism
- 3.1.2. Low Maintenance Compared To The Conventional Steering System
- 3.2. Key Restraints
- 3.2.1. Lack Of Steering Feel
- 4. Key Analytics
- 4.1. Impact Of Covid-19 On Automotive Electric Power Steering Market
- 4.2. Key Market Trends
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers Power
- 4.3.3. Substitution
- 4.3.4. New Entrants
- 4.3.5. Industry Rivalry
- 4.4. Opportunity Matrix
- 4.5. Vendor Landscape
- 5. Market By Vehicle Type
- 5.1. Passenger Cars
- 5.2. Commercial Vehicles
- 5.2.1. Light Commercial Vehicles (Lcv)
- 5.2.2. Medium & Heavy Commercial Vehicles (M&Hcv)
- 6. Market By Mechanism
- 6.1. Column Type
- 6.2. Pinion Assist
- 6.3. Rack Assist
- 6.4. Other Mechanisms
- 7. Market By Component
- 7.1. Steering Rack/Column
- 7.2. Sensor
- 7.3. Steering Motor
- 7.4. Other Components
- 8. Geographical Analysis
- 8.1. Europe
- 8.1.1. Market Size & Estimates
- 8.1.2. Key Growth Enablers
- 8.1.3. Key Challenges
- 8.1.4. Key Players
- 8.1.5. Country Analysis
- 8.1.5.1. United Kingdom
- 8.1.5.2. Germany
- 8.1.5.3. France
- 8.1.5.4. Italy
- 8.1.5.5. Spain
- 8.1.5.6. Slovakia
- 8.1.5.7. Czech Republic
- 8.1.5.8. Rest Of Europe
- 9. Competitive Landscape
- 9.1. Key Strategic Developments
- 9.1.1. Mergers & Acquisitions
- 9.1.2. Product Launches & Developments
- 9.1.3. Partnerships & Agreements
- 9.2. Company Profiles
- 9.2.1. China Automotive Systems Inc
- 9.2.2. Denso Corporation
- 9.2.3. Hitachi Astemo Ltd
- 9.2.4. Hyundai Mobis
- 9.2.5. Infineon Technologies
- 9.2.6. Jtekt Corporation
- 9.2.7. Mahle Gmbh
- 9.2.8. Mando Corporation
- 9.2.9. Mitsubishi Electric Corporation
- 9.2.10. Nexteer Automotive Group Ltd
- 9.2.11. Nidec Corporation
- 9.2.12. Nsk Ltd
- 9.2.13. Robert Bosch Gmbh
- 9.2.14. Thyssenkrupp Ag
- 9.2.15. Zf Group
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