Automotive Electro-Hydraulic Power Steering Market Forecasts to 2028 – Global Analysis By type (R-EHPS, C-EHPS and P-EHPS), Electric Motor (Brushless Motor and Brush Motor), Electric Vehicle (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV) a

Automotive Electro-Hydraulic Power Steering Market Forecasts to 2028 – Global Analysis By type (R-EHPS, C-EHPS and P-EHPS), Electric Motor (Brushless Motor and Brush Motor), Electric Vehicle (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV) and Plug-in Hybrid Electric Vehicle (PHEV)), Component (Mechanical Rack and Pinion, Bearing, Steering Wheel and Other Components), Application and Geography

According to Stratistics MRC, the Global Automotive Electro-Hydraulic Power Steering Market is accounted for $1.60 billion in 2022 and is expected to reach $2.51 billion by 2028 growing at a CAGR of 7.8% during the forecast period. An electric motor in an automotive electric power steering system assists the driver while driving the car. Sensors monitor the position and torque of the steering column, and a computer module applies assistive torque via the motor, which is connected to either the steering gear or the steering column. Through the employment of an electric motor directly attached to the steering gear or column, automotive electric power steering provides more help than traditional hydraulic power steering.

According to the ACEA European Automobile Manufacturers Association, the automotive sector on the EU suffered production losses amounting to 3.6 million vehicles worth around USD 110.6 billion, during the first half of 2020 alone.

Market Dynamics:

Driver:

Increased production of automobiles

The automotive electro-hydraulic power steering system market is expanding due to its importance in the automotive sector. Growing production of power steering systems in APAC and the Middle East continues as the market's disposable income rises in tandem with population expansion, driving demand and vehicle production. The increase in vehicle sales due to improved fuel efficiency and reduced emissions is likely to drive the global automotive electric power steering market. The utilisation of mass manufacturing techniques and technologies such as artificial intelligence and machine learning are further enhancing the vehicle sector, which will fuel market expansion.

Restraint:

High cost

Increased automation in power steering has raised the price of cars; this will have an impact on sales due to the high cost, with a potential preference for non-power steering systems due to potential cost issues. The cost of converting the vehicles from traditional steering to electro hydraulic steering has also presented challenges. As a result, vehicle owners will be reluctant to change their steering systems.

Opportunity:

Regulatory push toward efficient technologies

Manufacturing businesses are constantly innovating and manufacturing techniques to improve client luxury in their automotive vehicles. Furthermore, due to an increase in the incidence of accidents, the safety and security aspect has been prioritised. As a result, firms are adjusting to a better safety system, which is likely to promote the growth of the automotive electric power steering market over the forecast period.

Threat:

Maintaining market against steer-by-wire technology

The steering market in the automotive industry is constantly evolving in response to the changing dynamics of the sector. OEMs are innovating their conventional steering systems in response to the introduction of autonomous vehicles. Steer-by-wire technology is one such invention that will replace the complete steering mechanism in an autonomous car. This type of steering system will remove the steering linkage of a traditional electric power steering system.

Covid-19 Impact

The pandemic of COVID-19 had a devastating impact on the automobile sector. The supply chain was disrupted as several major economies around the world went into lockdown. All manufacturing units and OEM plants were obliged to suspend production and operations during this period. As economies recovered, the industry saw a boom in demand for passenger automobiles as consumer preferences changed from public transportation to personal vehicles.

The C-EHPS segment is expected to be the largest during the forecast period

The C-EHPS segment is estimated to have a lucrative growth. C-EHPS is a type of electro-hydraulic power steering system that uses a central solenoid to control the flow of oil to both the left and right side cylinders. This type of system is found in high-end luxury vehicles and is often used in conjunction with other driver-assist systems, such as electronic stability control (ESC) or all-wheel drive (AWD). The main benefit of a C-EHPS system is that it provides better feedback to the driver, allowing for more precise steering control.

The passenger cars (PC) segment is expected to have the highest CAGR during the forecast period

The passenger cars (PC) segment is estimated to have a lucrative growth, because of rising demand for sedans, luxury sedans, and mid-range automobiles with strong steering systems to ensure smooth drivability. The phrase typically refers to a vehicle with four or more wheels that is intended for personal transportation. Passenger vehicles account for the vast majority of motor vehicles on the road in North America, Europe, and other industrialised countries. Furthermore, technological improvements in this industry are contributing to the expansion of this market.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period because they produce the most both commercial and passenger vehicles. Furthermore, regions such as China and India are good vehicle producers, and as the demand for more automobiles grows, so does the demand for electro-hydraulic power steering due to the necessity for better steering systems. Because of the existence of a significant number of suppliers and manufacturers, China is likely to be one of the important markets in this region.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, attributable to the presence of a high number of automakers and suppliers in this region. Furthermore, rising demand for passenger and commercial cars in countries such as the United States, Canada, and Mexico is fueling the expansion of the automotive electro-hydraulic power steering system market in North America. Because of the presence of major OEMs like as Volkswagen and Ford Motor Company, Mexico is expected to be one of the key markets in this region.

Key players in the market

Some of the key players profiled in the Automotive Electro-Hydraulic Power Steering Market include Nissan Group, JTEKT Corporation, Hitachi Astemo Americas, Danotek Motion Technologies, Tecnosir s.r.l., Eaton, Allied Motion Inc, GENERAL RICAMBI, ZF Friedrichshafen AG, SEAT S.A, Nexteer Automotive Group Ltd, SHOWA Corporation, Mitsubishi Electric Corporation and Thyssenkrupp

Key Developments:

In September 2022, Robert Bosch AG launched ServoE and Servotwin electro-hydraulic steering systems for heavy commercial vehicles.

In May 2022, NSK Ltd. and ThyssenkruppThyssenKrupp AG signed a Memorandum of Understanding for creating a new joint venture. The newly signed joint venture includes the strategic alignment of product areas in Thyssenkrupp AG's automotive business with NSK Ltd.'s steering business and aims for a partnership approach between the two OEMs. The joint venture is expected to be operational by the end of 2022.

In October 2021, Nexteer Automotive launched its new mCEPs (Modular Column Assist EPS System), The mCEPS has an expandable electronic control system and modular platform which enables it to be cost-effective and highly customizable to suit a wide range of OEMs' requirements.

Types Covered:
• R-EHPS
• C-EHPS
• P-EHPS

Electric Motors Covered:
• Brushless Motor
• Brush Motor

Electric Vehicles Covered:
• Battery Electric Vehicle (BEV)
• Hybrid Electric Vehicle (HEV)
• Plug-in Hybrid Electric Vehicle (PHEV)

Components Covered:
• Mechanical Rack and Pinion
• Bearing
• Steering Wheel
• Steering Gear
• Steering Column
• Electronic Control Unit
• Sensors
• Electric Motor

Applications Covered:
• Commercial Vehicles (CV)
• Passenger Cars (PC)

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Automotive Electro-Hydraulic Power Steering Market, By Type
5.1 Introduction
5.2 R-EHPS
5.3 C-EHPS
5.4 P-EHPS
6 Global Automotive Electro-Hydraulic Power Steering Market, By Electric Motor
6.1 Introduction
6.2 Brushless Motor
6.3 Brush Motor
7 Global Automotive Electro-Hydraulic Power Steering Market, By Electric Vehicle
7.1 Introduction
7.2 Battery Electric Vehicle (BEV)
7.3 Hybrid Electric Vehicle (HEV)
7.4 Plug-in Hybrid Electric Vehicle (PHEV)
8 Global Automotive Electro-Hydraulic Power Steering Market, By Component
8.1 Introduction
8.2 Mechanical Rack and Pinion
8.3 Bearing
8.4 Steering Wheel
8.5 Steering Gear
8.6 Steering Column
8.8 Electronic Control Unit
8.8 Sensors
8.9 Electric Motor
9 Global Automotive Electro-Hydraulic Power Steering Market, By Application
9.1 Introduction
9.2 Commercial Vehicles (CV)
9.2.1 Mid-Size
9.2.2 Luxury
9.2.3 SUV
9.2.4 Compact
9.3 Passenger Cars (PC)
9.3.1 HCVs
9.3.2 LCVs
10 Global Automotive Electro-Hydraulic Power Steering Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Nissan Group
12.2 JTEKT Corporation
12.3 Hitachi Astemo Americas
12.4 Danotek Motion Technologies
12.5 Tecnosir s.r.l.
12.6 Eaton
12.7 Allied Motion Inc
12.8 GENERAL RICAMBI
12.9 ZF Friedrichshafen AG
12.10 SEAT S.A
12.11 Nexteer Automotive Group Ltd
12.12 SHOWA Corporation
12.13 Mitsubishi Electric Corporation
12.14 Thyssenkrupp
List of Tables
Table 1 Global Automotive Electro-Hydraulic Power Steering Market Outlook, By Region (2020-2028) ($MN)
Table 2 Global Automotive Electro-Hydraulic Power Steering Market Outlook, By Type (2020-2028) ($MN)
Table 3 Global Automotive Electro-Hydraulic Power Steering Market Outlook, By R-EHPS (2020-2028) ($MN)
Table 4 Global Automotive Electro-Hydraulic Power Steering Market Outlook, By C-EHPS (2020-2028) ($MN)
Table 5 Global Automotive Electro-Hydraulic Power Steering Market Outlook, By P-EHPS (2020-2028) ($MN)
Table 6 Global Automotive Electro-Hydraulic Power Steering Market Outlook, By Electric Motor (2020-2028) ($MN)
Table 7 Global Automotive Electro-Hydraulic Power Steering Market Outlook, By Brushless Motor (2020-2028) ($MN)
Table 8 Global Automotive Electro-Hydraulic Power Steering Market Outlook, By Brush Motor (2020-2028) ($MN)
Table 9 Global Automotive Electro-Hydraulic Power Steering Market Outlook, By Electric Vehicle (2020-2028) ($MN)
Table 10 Global Automotive Electro-Hydraulic Power Steering Market Outlook, By Battery Electric Vehicle (BEV) (2020-2028) ($MN)
Table 11 Global Automotive Electro-Hydraulic Power Steering Market Outlook, By Hybrid Electric Vehicle (HEV) (2020-2028) ($MN)
Table 12 Global Automotive Electro-Hydraulic Power Steering Market Outlook, By Plug-in Hybrid Electric Vehicle (PHEV) (2020-2028) ($MN)
Table 13 Global Automotive Electro-Hydraulic Power Steering Market Outlook, By Component (2020-2028) ($MN)
Table 14 Global Automotive Electro-Hydraulic Power Steering Market Outlook, By Mechanical Rack and Pinion (2020-2028) ($MN)
Table 15 Global Automotive Electro-Hydraulic Power Steering Market Outlook, By Bearing (2020-2028) ($MN)
Table 16 Global Automotive Electro-Hydraulic Power Steering Market Outlook, By Steering Wheel (2020-2028) ($MN)
Table 17 Global Automotive Electro-Hydraulic Power Steering Market Outlook, By Steering Gear (2020-2028) ($MN)
Table 18 Global Automotive Electro-Hydraulic Power Steering Market Outlook, By Steering Column (2020-2028) ($MN)
Table 19 Global Automotive Electro-Hydraulic Power Steering Market Outlook, By Electronic Control Unit (2020-2028) ($MN)
Table 20 Global Automotive Electro-Hydraulic Power Steering Market Outlook, By Sensors (2020-2028) ($MN)
Table 21 Global Automotive Electro-Hydraulic Power Steering Market Outlook, By Electric Motor (2020-2028) ($MN)
Table 22 Global Automotive Electro-Hydraulic Power Steering Market Outlook, By Application (2020-2028) ($MN)
Table 23 Global Automotive Electro-Hydraulic Power Steering Market Outlook, By Commercial Vehicles (CV) (2020-2028) ($MN)
Table 24 Global Automotive Electro-Hydraulic Power Steering Market Outlook, By Mid-Size (2020-2028) ($MN)
Table 25 Global Automotive Electro-Hydraulic Power Steering Market Outlook, By Luxury (2020-2028) ($MN)
Table 26 Global Automotive Electro-Hydraulic Power Steering Market Outlook, By SUV (2020-2028) ($MN)
Table 27 Global Automotive Electro-Hydraulic Power Steering Market Outlook, By Compact (2020-2028) ($MN)
Table 28 Global Automotive Electro-Hydraulic Power Steering Market Outlook, By Passenger Cars (PC) (2020-2028) ($MN)
Table 29 Global Automotive Electro-Hydraulic Power Steering Market Outlook, By HCVs (2020-2028) ($MN)
Table 30 Global Automotive Electro-Hydraulic Power Steering Market Outlook, By LCVs (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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