Automotive Electronic Power Steering Market Size, Share, Growth Report, 2032
Automotive Electronic Power Steering Market - By Type (Rack Assisted Power Steering System (R-EPS), Electronic Hydraulic Power Steering (EHPS), Column Assisted Electronic Power Steering (C-EPS), And Pinion Assisted Electronic Power Steering (P-EPS), By Application (Passenger Cars, Light Motor Vehicles (LMV), Agricultural Tractors, Special Utility Vehicles (Sports Cars, Cranes, Military Vehicles, Earth Moving) Heavy Motor Vehicles (HMV)), and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast 2024 - 2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 25.35 Billion | USD 41.5 Billion | 5.63% | 2023 |
Table Of Content
- Chapter 1 Preface
- 1.1 Report Description
- 1.1 Report Scope
- Chapter 2 Research Methodology
- 2.1 Research Methodology
- 2.2 Secondary Research
- 2.3 Primary Research
- 2.4 Models
- 2.4.1 Company Share Analysis Model
- 2.4.2 Revenue Based Modeling
- 2.5 Research Limitations
- Chapter 3 Executive Summary
- 3.1 Global Automotive Electronic Power Steering Market, 2016 – 2026 (USD Billion)
- 3.2 Global Automotive Electronic Power Steering Market: Snapshot
- Chapter 4 Automotive Electronic Power Steering Market – Industry Analysis
- 4.1 Introduction
- 4.2 Market Drivers
- 4.2.1 Driving Factor 1 Analysis
- 4.2.2 Driving Factor 2 Analysis:
- 4.3 Market Restraints
- 4.3.1 Restraining Factor Analysis
- 4.4 Market Opportunities
- 4.4.1 Market Opportunity & Use-case Analysis
- 4.4.2 Use – Cases for Automotive Electronic Power Steering
- 4.5 Porter’s Five Forces Analysis
- 4.6 COVID 19 Impact Analysis
- 4.6.1.1 Impact on Product Development and Technology Adoption
- 4.6.1.2 Gap Analysis
- Chapter 5 Investment Proposition Analysis
- 5.1 Global Automotive Electronic Power Steering Market Attractiveness, By Type
- 5.2 Global Automotive Electronic Power Steering Market Attractiveness, By Application
- 5.3 Global Automotive Electronic Power Steering Market Attractiveness, By Region
- Chapter 6 Competitive Landscape
- 6.1 Company Market Share Analysis - 2019
- 6.1.1 Global Automotive Electronic Power Steering Market: Company Market Share, 2019
- 6.2 Strategic Developments
- 7.1 Global Automotive Electronic Power Steering Market Overview: by Type
- 7.1.1 Global Automotive Electronic Power Steering Market Revenue Share, by Type, 2019 & 2026
- 7.2 Global Automotive Electronic Power Steering Market Analysis/Overview – By Type
- 7.2.1 Rack Assisted Power Steering System (R-EPS) – Overview/Analysis
- 7.2.2 Electronic Hydraulic Power Steering (EHPS) – Overview/Analysis
- 7.2.3 Culumn Assisted Electronic Power Steering (C-EPS) – Overview/Analysis
- 7.2.4 Pinion Assisted Electronic Power Steering (P-EPS) – Overview/Analysis
- 7.3 Rack Assisted Power Steering System (R-EPS)
- 7.3.1 Global Automotive Electronic Power Steering Market for Rack Assisted Power Steering System (R-EPS), Revenue (USD Billion) 2016 - 2026
- 7.4 Electronic Hydraulic Power Steering (EHPS)
- 7.4.1 Global Automotive Electronic Power Steering Market for Electronic Hydraulic Power Steering (EHPS), Revenue (USD Billion) 2016 - 2026
- 7.5 Culumn Assisted Electronic Power Steering (C-EPS)
- 7.5.1 Global Automotive Electronic Power Steering Market for Culumn Assisted Electronic Power Steering (C-EPS), Revenue (USD Billion) 2016 - 2026
- 7.6 Pinion Assisted Electronic Power Steering (P-EPS)
- 7.6.1 Global Automotive Electronic Power Steering Market for Pinion Assisted Electronic Power Steering (P-EPS), Revenue (USD Billion) 2016 - 2026
- 8.1 Global Automotive Electronic Power Steering Market Overview: by Application
- 8.1.1 Global Automotive Electronic Power Steering Market Revenue Share, by Application, 2019 & 2026
- 8.2 Global Automotive Electronic Power Steering Market Analysis/Overview – By Application
- 8.2.1 Passenger Cars – Overview/Analysis
- 8.2.2 Light Motor Vehicles (LMV) – Overview/Analysis
- 8.2.3 Agricultural Tractors – Overview/Analysis
- 8.2.4 Special Utility Vehicles – Overview/Analysis
- 8.2.5 Heavy Motor Vehicles (HMV) – Overview/Analysis
- 8.3 Passenger Cars
- 8.3.1 Global Automotive Electronic Power Steering Market for Passenger Cars, Revenue (USD Billion) 2016 - 2026
- 8.4 Light Motor Vehicles (LMV)
- 8.4.1 Global Automotive Electronic Power Steering Market for Light Motor Vehicles (LMV), Revenue (USD Billion) 2016 - 2026
- 8.5 Agricultural Tractors
- 8.5.1 Global Automotive Electronic Power Steering Market for Agricultural Tractors, Revenue (USD Billion) 2016 - 2026
- 8.6 Special Utility Vehicles
- 8.6.1 Global Automotive Electronic Power Steering Market for Special Utility Vehicles, Revenue (USD Billion) 2016 - 2026
- 8.7 Heavy Motor Vehicles (HMV)
- 8.7.1 Global Automotive Electronic Power Steering Market for Heavy Motor Vehicles (HMV), Revenue (USD Billion) 2016 - 2026
- 6.1 Company Market Share Analysis - 2019
- Chapter 9 Automotive Electronic Power Steering Market – Regional Analysis
- 9.1 Global Automotive Electronic Power Steering Market: Regional Overview
- 9.1.1 Global Automotive Electronic Power Steering Market Revenue Share, by Region, 2019 & 2026
- 9.1.2 Global Automotive Electronic Power Steering Market Revenue, by Region, 2016 – 2026 (USD Billion)
- 9.2 North America
- 9.2.1 North America Automotive Electronic Power Steering Market Revenue, 2016 - 2026 (USD Billion)
- 9.2.2 North America Automotive Electronic Power Steering Market Revenue, by Country, 2016 – 2026 (USD Billion)
- 9.2.3 North America Automotive Electronic Power Steering Market Revenue, by Type, 2016 – 2026
- 9.2.4 North America Automotive Electronic Power Steering Market Revenue, by Application, 2016 – 2026
- 9.2.5 U.S.
- 9.2.6 Canada
- 9.3 Europe
- 9.3.1 Europe Automotive Electronic Power Steering Market Revenue, 2016 - 2026 (USD Billion)
- 9.3.2 Europe Automotive Electronic Power Steering Market Revenue, by Country, 2016 – 2026 (USD Billion)
- 9.3.3 Europe Automotive Electronic Power Steering Market Revenue, by Type, 2016 – 2026
- 9.3.4 Europe Automotive Electronic Power Steering Market Revenue, by Application, 2016 – 2026
- 9.3.5 Germany
- 9.3.6 France
- 9.3.7 U.K.
- 9.3.8 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Asia Pacific Automotive Electronic Power Steering Market Revenue, 2016 - 2026 (USD Billion)
- 9.4.2 Asia Pacific Automotive Electronic Power Steering Market Revenue, by Country, 2016 – 2026 (USD Billion)
- 9.4.3 Asia Pacific Automotive Electronic Power Steering Market Revenue, by Type, 2016 – 2026
- 9.4.4 Asia Pacific Automotive Electronic Power Steering Market Revenue, by Application, 2016 – 2026
- 9.4.5 China
- 9.4.6 India
- 9.4.7 Rest of Asia Pacific
- 9.5 Latin America
- 9.5.1 Latin America Automotive Electronic Power Steering Market Revenue, 2016 - 2026 (USD Billion)
- 9.5.2 Latin America Automotive Electronic Power Steering Market Revenue, by Country, 2016 – 2026 (USD Billion)
- 9.5.3 Latin America Automotive Electronic Power Steering Market Revenue, by Type, 2016 – 2026
- 9.5.4 Latin America Automotive Electronic Power Steering Market Revenue, by Application, 2016 – 2026
- 9.5.5 Brazil
- 9.5.6 Rest of Latin America
- 9.6 The Middle-East and Africa
- 9.6.1 The Middle-East and Africa Automotive Electronic Power Steering Market Revenue, 2016 - 2026 (USD Billion)
- 9.6.2 The Middle-East and Africa Automotive Electronic Power Steering Market Revenue, by Country, 2016 – 2026 (USD Billion)
- 9.6.3 The Middle-East and Africa Automotive Electronic Power Steering Market Revenue, by Type, 2016 – 2026
- 9.6.4 The Middle-East and Africa Automotive Electronic Power Steering Market Revenue, by Application, 2016 – 2026
- 9.6.5 GCC Countries
- 9.6.6 Rest of Middle-East Africa
- 9.1 Global Automotive Electronic Power Steering Market: Regional Overview
- Chapter 10 Company Profiles
- 10.1 Mitsubishi Electric Corporation
- 10.1.1 Company Overview
- 10.1.2 Financial Overview
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 Zhuzhou Elite Electro Mechanical Co. Ltd
- 10.3 Robert Bosch Automotive Steering GmbH
- 10.4 Nexteer Automotive
- 10.5 ZF Friedrichshafen Group
- 10.6 JTEKT Corporation
- 10.7 NSK Global
- 10.8 ThyssenKrupp Presta AG
- 10.9 SHOWA Corporation
- 10.10 Hyundai Mobis
- 10.1 Mitsubishi Electric Corporation
Table Of Figures
List of Figures
FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global Automotive Electronic Power Steering Market Revenue, 2016 - 2026 (USD Billion)
FIG. 5 Porter’s Five Forces Analysis for Global Automotive Electronic Power Steering Market
FIG. 6 Global Automotive Electronic Power Steering Market Attractiveness, By Type
FIG. 7 Global Automotive Electronic Power Steering Market Attractiveness, By Application
FIG. 8 Global Automotive Electronic Power Steering Market Attractiveness, By End-User
FIG. 9 Company Share Analysis, 2019
FIG. 10 Global Automotive Electronic Power Steering Market Revenue Share, by Type, 2019 & 2026
FIG. 11 Global Automotive Electronic Power Steering Market for Rack Assisted Power Steering System (R-EPS), Revenue (USD Billion) 2016 - 2026
FIG. 12 Global Automotive Electronic Power Steering Market for Electronic Hydraulic Power Steering (EHPS), Revenue (USD Billion) 2016 - 2026
FIG. 13 Global Automotive Electronic Power Steering Market for Column Assisted Electronic Power Steering (C-EPS), Revenue (USD Billion) 2016 - 2026
FIG. 14 Global Automotive Electronic Power Steering Market for Pinion Assisted Electronic Power Steering (P-EPS), Revenue (USD Billion) 2016 - 2026
FIG. 15 Global Automotive Electronic Power Steering Market Revenue Share, by Application, 2019 & 2026
FIG. 16 Global Automotive Electronic Power Steering Market for Passenger Cars, Revenue (USD Billion) 2016 - 2026
FIG. 17 Global Automotive Electronic Power Steering Market for Light Motor Vehicles (LMV), Revenue (USD Billion) 2016 - 2026
FIG. 18 Global Automotive Electronic Power Steering Market for Agricultural Tractors, Revenue (USD Billion) 2016 - 2026
FIG. 19 Global Automotive Electronic Power Steering Market for Special Utility Vehicles, Revenue (USD Billion) 2016 - 2026
FIG. 20 Global Automotive Electronic Power Steering Market for Heavy Motor Vehicles (HMV), Revenue (USD Billion) 2016 - 2026
FIG. 21 Global Automotive Electronic Power Steering Market Revenue Share, by Region, 2019 & 2026
FIG. 22 North America Automotive Electronic Power Steering Market Revenue, 2016 - 2026 (USD Billion)
FIG. 23 Europe Automotive Electronic Power Steering Market Revenue, 2016 - 2026 (USD Billion)
FIG. 24 Asia Pacific Automotive Electronic Power Steering Market Revenue, 2016 - 2026 (USD Billion)
FIG. 25 Latin America Automotive Electronic Power Steering Market Revenue, 2016 - 2026 (USD Billion)
FIG. 26 The Middle-East and Africa Automotive Electronic Power Steering Market Revenue, 2016 - 2026 (USD Billion)
FIG. 27 Mitsubishi Electric Corporation Business Segment Revenue Share, 2018 (%)
FIG. 28 Mitsubishi Electric Corporation Geographical Segment Revenue Share, 2018 (%)
Table Of Tables
List of Tables
TABLE 1 Global Automotive Electronic Power Steering Market: Snapshot
TABLE 2 Drivers of the Automotive Electronic Power Steering Market: Impact Analysis
TABLE 3 Restraints for the Automotive Electronic Power Steering Market: Impact Analysis
TABLE 4 Global Automotive Electronic Power Steering Market Revenue, by Region, 2016 – 2026 (USD Billion)
TABLE 5 North America Automotive Electronic Power Steering Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 6 North America Automotive Electronic Power Steering Market Revenue, by Type, 2016 – 2026 (USD Billion)
TABLE 7 North America Automotive Electronic Power Steering Market Revenue, by Application, 2016 – 2026 (USD Billion)
TABLE 8 Europe Automotive Electronic Power Steering Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 9 Europe Automotive Electronic Power Steering Market Revenue, by Type, 2016 – 2026 (USD Billion)
TABLE 10 Europe Automotive Electronic Power Steering Market Revenue, by Application, 2016 – 2026 (USD Billion)
TABLE 11 Asia Pacific Automotive Electronic Power Steering Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 12 Asia Pacific Automotive Electronic Power Steering Market Revenue, by Type, 2016 – 2026 (USD Billion)
TABLE 13 Asia Pacific Automotive Electronic Power Steering Market Revenue, by Application, 2016 – 2026 (USD Billion)
TABLE 14 Latin America Automotive Electronic Power Steering Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 15 Latin America Automotive Electronic Power Steering Market Revenue, by Type, 2016 – 2026 (USD Billion)
TABLE 16 Latin America Automotive Electronic Power Steering Market Revenue, by Application, 2016 – 2026 (USD Billion)
TABLE 17 The Middle-East and Africa Automotive Electronic Power Steering Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 18 The Middle-East and Africa Automotive Electronic Power Steering Market Revenue, by Type, 2016 – 2026 (USD Billion)
TABLE 19 The Middle-East and Africa Automotive Electronic Power Steering Market Revenue, by Application, 2016 – 2026 (USD Billion)
Methodology
FrequentlyAsked Questions
The automotive business has gone through several phases of upgrades in power, design, and effectiveness in the last few years. The technology and the automation have brought automobiles to function in several terrains, which were previously meant just for smooth roads.
The automotive electronic power steering market is anticipated to hold potential development opportunities in the coming future. The automobile which has a power steering system is likely to experience huge demand. Hybrid electric and electric vehicles with current and innovative technologies such as drive-by-wire are projected to raise the demand/popularity of electronic power steering systems in the years to come.
According to a study, the global automotive electronic power steering Industry size was $25.35 Billion in 2023 and is projected to reach $41.5 Billion by the end of 2032.
The global automotive electronic power steering market is expected to grow at a CAGR of 5.63% during the forecast period.
Asia-Pacific is anticipated to increase at a high growth rate due to the huge production of automobiles in this region.
Some of the most important companies in the global automotive electronic power steering market are Mitsubishi Electric Corporation, Zhuzhou Elite Electro-Mechanical Co. Ltd., Robert Bosch Automotive Steering GmbH, Nexteer Automotive, ZF Friedrichshafen Group, JTEKT Corporation, NSK Global, ThyssenKrupp Presta AG, SHOWA Corporation, Hyundai Mobis, and Mando Corporation, among others.
The global automotive electronic power steering market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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