Global EPS Motors Market Growth 2023-2029

Global EPS Motors Market Growth 2023-2029

EPS is the abbreviation of Electric Power Steering in English, that is, electric power steering system. Electric power steering system is the development direction of automobile steering system. The system uses the electric motor to directly provide steering assistance, eliminating the power steering oil pump, hose, hydraulic oil, conveyor belt and the pulley installed on the engine that are necessary for the hydraulic power steering system, which saves energy and protects the environment. In addition, it also has the characteristics of simple adjustment, flexible assembly, and can provide steering assistance under various conditions.
LPI (LP Information)' newest research report, the “EPS Motors Industry Forecast” looks at past sales and reviews total world EPS Motors sales in 2022, providing a comprehensive analysis by region and market sector of projected EPS Motors sales for 2023 through 2029. With EPS Motors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world EPS Motors industry.
This Insight Report provides a comprehensive analysis of the global EPS Motors landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on EPS Motors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global EPS Motors market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for EPS Motors and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global EPS Motors.
The global EPS Motors market size is projected to grow from US$ 2244.6 million in 2022 to US$ 2666.2 million in 2029; it is expected to grow at a CAGR of 2666.2 from 2023 to 2029.
EPS motor is classified as CEPS motor, REPS motor, PEPS motor, EHPS motor, etc. It is mainly used in passenger cars and commercial vehicles. At present, the main global manufacturers include Nidec, Bosch, mitsuishi electric, Denso and ZF. In 2019, the share of top 5 major manufacturers accounts for more than 78%. It is expected that the industry competition will be more intense in the next few years, especially in China market.
This report presents a comprehensive overview, market shares, and growth opportunities of EPS Motors market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
CEPS Motor
REPS Motor
PEPS Motor
EHPS Motor
Segmentation by application
Passenger Vehicle
Commercial Vehicle
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Nidec
Bosch
Mitsubishi Electric
Denso
ZF
LG Innotek
Mitsuba
Zhuzhou Elite Electro Mechanical Co., Ltd
Fuxin Dare Automotive Parts Co.,Ltd

Key Questions Addressed in this Report
What is the 10-year outlook for the global EPS Motors market?
What factors are driving EPS Motors market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do EPS Motors market opportunities vary by end market size?
How does EPS Motors break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.