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Automobile Electric Power Steering-Global Market Insights and Sales Trends 2025
Synopsis
Electronic power steering systems eliminate the need for a pump, hoses and a drive belt connected to the engine using variable amounts of power.
The global Automobile Electric Power Steering market size is expected to reach US$ 37840 million by 2029, growing at a CAGR of 6.5% from 2023 to 2029. The market is mainly driven by the significant applications of Automobile Electric Power Steering in various end use industries. The expanding demands from the Passenger Car and Commercial Vehicle, are propelling Automobile Electric Power Steering market. Column EPS，C-EPS, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Pinion EPS，P-EPS segment is estimated at % CAGR for the next seven-year period.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Automobile Electric Power Steering, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Automobile Electric Power Steering market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Automobile Electric Power Steering market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automobile Electric Power Steering sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Automobile Electric Power Steering covered in this report include Bosch, JTEKT Corporation, Nexteer Automotive, NSK Limited, ZF TRW Automotive Holdings Corporation, Advanced Leading Technology Co and ZHEJIANG SHIBAO COMPANY LIMITED, etc.
The global Automobile Electric Power Steering market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Bosch
JTEKT Corporation
Nexteer Automotive
NSK Limited
ZF TRW Automotive Holdings Corporation
Advanced Leading Technology Co
ZHEJIANG SHIBAO COMPANY LIMITED
Global Automobile Electric Power Steering market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Automobile Electric Power Steering market, Segment by Type:
Column EPS，C-EPS
Pinion EPS，P-EPS
Rack EPS，R-EPS
Global Automobile Electric Power Steering market, by Application
Passenger Car
Commercial Vehicle
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Automobile Electric Power Steering manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Automobile Electric Power Steering in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Electronic power steering systems eliminate the need for a pump, hoses and a drive belt connected to the engine using variable amounts of power.
The global Automobile Electric Power Steering market size is expected to reach US$ 37840 million by 2029, growing at a CAGR of 6.5% from 2023 to 2029. The market is mainly driven by the significant applications of Automobile Electric Power Steering in various end use industries. The expanding demands from the Passenger Car and Commercial Vehicle, are propelling Automobile Electric Power Steering market. Column EPS，C-EPS, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Pinion EPS，P-EPS segment is estimated at % CAGR for the next seven-year period.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Automobile Electric Power Steering, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Automobile Electric Power Steering market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Automobile Electric Power Steering market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automobile Electric Power Steering sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Automobile Electric Power Steering covered in this report include Bosch, JTEKT Corporation, Nexteer Automotive, NSK Limited, ZF TRW Automotive Holdings Corporation, Advanced Leading Technology Co and ZHEJIANG SHIBAO COMPANY LIMITED, etc.
The global Automobile Electric Power Steering market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Bosch
JTEKT Corporation
Nexteer Automotive
NSK Limited
ZF TRW Automotive Holdings Corporation
Advanced Leading Technology Co
ZHEJIANG SHIBAO COMPANY LIMITED
Global Automobile Electric Power Steering market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Automobile Electric Power Steering market, Segment by Type:
Column EPS，C-EPS
Pinion EPS，P-EPS
Rack EPS，R-EPS
Global Automobile Electric Power Steering market, by Application
Passenger Car
Commercial Vehicle
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Automobile Electric Power Steering manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Automobile Electric Power Steering in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Automobile Electric Power Steering Market Overview
1.1 Automobile Electric Power Steering Product Overview
1.2 Automobile Electric Power Steering Market Segment by Type
1.2.1 Column EPS，C-EPS
1.2.2 Pinion EPS，P-EPS
1.2.3 Rack EPS，R-EPS
1.3 Global Automobile Electric Power Steering Market Size by Type
1.3.1 Global Automobile Electric Power Steering Market Size Overview by Type (2018-2029)
1.3.2 Global Automobile Electric Power Steering Historic Market Size Review by Type (2018-2023)
1.3.3 Global Automobile Electric Power Steering Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Automobile Electric Power Steering Sales Breakdown by Type (2018-2023)
1.4.2 Europe Automobile Electric Power Steering Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Automobile Electric Power Steering Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Automobile Electric Power Steering Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Automobile Electric Power Steering Sales Breakdown by Type (2018-2023)
2 Global Automobile Electric Power Steering Market Competition by Company
2.1 Global Top Players by Automobile Electric Power Steering Sales (2018-2023)
2.2 Global Top Players by Automobile Electric Power Steering Revenue (2018-2023)
2.3 Global Top Players by Automobile Electric Power Steering Price (2018-2023)
2.4 Global Top Manufacturers Automobile Electric Power Steering Manufacturing Base Distribution, Sales Area, Product Type
2.5 Automobile Electric Power Steering Market Competitive Situation and Trends
2.5.1 Automobile Electric Power Steering Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Automobile Electric Power Steering Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Automobile Electric Power Steering as of 2022)
2.7 Date of Key Manufacturers Enter into Automobile Electric Power Steering Market
2.8 Key Manufacturers Automobile Electric Power Steering Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Automobile Electric Power Steering Status and Outlook by Region
3.1 Global Automobile Electric Power Steering Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Automobile Electric Power Steering Historic Market Size by Region
3.2.1 Global Automobile Electric Power Steering Sales in Volume by Region (2018-2023)
3.2.2 Global Automobile Electric Power Steering Sales in Value by Region (2018-2023)
3.2.3 Global Automobile Electric Power Steering Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Automobile Electric Power Steering Forecasted Market Size by Region
3.3.1 Global Automobile Electric Power Steering Sales in Volume by Region (2024-2029)
3.3.2 Global Automobile Electric Power Steering Sales in Value by Region (2024-2029)
3.3.3 Global Automobile Electric Power Steering Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Automobile Electric Power Steering by Application
4.1 Automobile Electric Power Steering Market Segment by Application
4.1.1 Passenger Car
4.1.2 Commercial Vehicle
4.2 Global Automobile Electric Power Steering Market Size by Application
4.2.1 Global Automobile Electric Power Steering Market Size Overview by Application (2018-2029)
4.2.2 Global Automobile Electric Power Steering Historic Market Size Review by Application (2018-2023)
4.2.3 Global Automobile Electric Power Steering Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Automobile Electric Power Steering Sales Breakdown by Application (2018-2023)
4.3.2 Europe Automobile Electric Power Steering Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Automobile Electric Power Steering Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Automobile Electric Power Steering Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Automobile Electric Power Steering Sales Breakdown by Application (2018-2023)
5 North America Automobile Electric Power Steering by Country
5.1 North America Automobile Electric Power Steering Historic Market Size by Country
5.1.1 North America Automobile Electric Power Steering Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Automobile Electric Power Steering Sales in Volume by Country (2018-2023)
5.1.3 North America Automobile Electric Power Steering Sales in Value by Country (2018-2023)
5.2 North America Automobile Electric Power Steering Forecasted Market Size by Country
5.2.1 North America Automobile Electric Power Steering Sales in Volume by Country (2024-2029)
5.2.2 North America Automobile Electric Power Steering Sales in Value by Country (2024-2029)
6 Europe Automobile Electric Power Steering by Country
6.1 Europe Automobile Electric Power Steering Historic Market Size by Country
6.1.1 Europe Automobile Electric Power Steering Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Automobile Electric Power Steering Sales in Volume by Country (2018-2023)
6.1.3 Europe Automobile Electric Power Steering Sales in Value by Country (2018-2023)
6.2 Europe Automobile Electric Power Steering Forecasted Market Size by Country
6.2.1 Europe Automobile Electric Power Steering Sales in Volume by Country (2024-2029)
6.2.2 Europe Automobile Electric Power Steering Sales in Value by Country (2024-2029)
7 Asia-Pacific Automobile Electric Power Steering by Region
7.1 Asia-Pacific Automobile Electric Power Steering Historic Market Size by Region
7.1.1 Asia-Pacific Automobile Electric Power Steering Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Automobile Electric Power Steering Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Automobile Electric Power Steering Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Automobile Electric Power Steering Forecasted Market Size by Region
7.2.1 Asia-Pacific Automobile Electric Power Steering Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Automobile Electric Power Steering Sales in Value by Region (2024-2029)
8 Latin America Automobile Electric Power Steering by Country
8.1 Latin America Automobile Electric Power Steering Historic Market Size by Country
8.1.1 Latin America Automobile Electric Power Steering Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Automobile Electric Power Steering Sales in Volume by Country (2018-2023)
8.1.3 Latin America Automobile Electric Power Steering Sales in Value by Country (2018-2023)
8.2 Latin America Automobile Electric Power Steering Forecasted Market Size by Country
8.2.1 Latin America Automobile Electric Power Steering Sales in Volume by Country (2024-2029)
8.2.2 Latin America Automobile Electric Power Steering Sales in Value by Country (2024-2029)
9 Middle East and Africa Automobile Electric Power Steering by Country
9.1 Middle East and Africa Automobile Electric Power Steering Historic Market Size by Country
9.1.1 Middle East and Africa Automobile Electric Power Steering Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Automobile Electric Power Steering Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Automobile Electric Power Steering Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Automobile Electric Power Steering Forecasted Market Size by Country
9.2.1 Middle East and Africa Automobile Electric Power Steering Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Automobile Electric Power Steering Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Bosch
10.1.1 Bosch Company Information
10.1.2 Bosch Introduction and Business Overview
10.1.3 Bosch Automobile Electric Power Steering Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Bosch Automobile Electric Power Steering Products Offered
10.1.5 Bosch Recent Development
10.2 JTEKT Corporation
10.2.1 JTEKT Corporation Company Information
10.2.2 JTEKT Corporation Introduction and Business Overview
10.2.3 JTEKT Corporation Automobile Electric Power Steering Sales, Revenue and Gross Margin (2018-2023)
10.2.4 JTEKT Corporation Automobile Electric Power Steering Products Offered
10.2.5 JTEKT Corporation Recent Development
10.3 Nexteer Automotive
10.3.1 Nexteer Automotive Company Information
10.3.2 Nexteer Automotive Introduction and Business Overview
10.3.3 Nexteer Automotive Automobile Electric Power Steering Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Nexteer Automotive Automobile Electric Power Steering Products Offered
10.3.5 Nexteer Automotive Recent Development
10.4 NSK Limited
10.4.1 NSK Limited Company Information
10.4.2 NSK Limited Introduction and Business Overview
10.4.3 NSK Limited Automobile Electric Power Steering Sales, Revenue and Gross Margin (2018-2023)
10.4.4 NSK Limited Automobile Electric Power Steering Products Offered
10.4.5 NSK Limited Recent Development
10.5 ZF TRW Automotive Holdings Corporation
10.5.1 ZF TRW Automotive Holdings Corporation Company Information
10.5.2 ZF TRW Automotive Holdings Corporation Introduction and Business Overview
10.5.3 ZF TRW Automotive Holdings Corporation Automobile Electric Power Steering Sales, Revenue and Gross Margin (2018-2023)
10.5.4 ZF TRW Automotive Holdings Corporation Automobile Electric Power Steering Products Offered
10.5.5 ZF TRW Automotive Holdings Corporation Recent Development
10.6 Advanced Leading Technology Co
10.6.1 Advanced Leading Technology Co Company Information
10.6.2 Advanced Leading Technology Co Introduction and Business Overview
10.6.3 Advanced Leading Technology Co Automobile Electric Power Steering Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Advanced Leading Technology Co Automobile Electric Power Steering Products Offered
10.6.5 Advanced Leading Technology Co Recent Development
10.7 ZHEJIANG SHIBAO COMPANY LIMITED
10.7.1 ZHEJIANG SHIBAO COMPANY LIMITED Company Information
10.7.2 ZHEJIANG SHIBAO COMPANY LIMITED Introduction and Business Overview
10.7.3 ZHEJIANG SHIBAO COMPANY LIMITED Automobile Electric Power Steering Sales, Revenue and Gross Margin (2018-2023)
10.7.4 ZHEJIANG SHIBAO COMPANY LIMITED Automobile Electric Power Steering Products Offered
10.7.5 ZHEJIANG SHIBAO COMPANY LIMITED Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Automobile Electric Power Steering Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Automobile Electric Power Steering Industrial Chain Analysis
11.4 Automobile Electric Power Steering Market Dynamics
11.4.1 Automobile Electric Power Steering Industry Trends
11.4.2 Automobile Electric Power Steering Market Drivers
11.4.3 Automobile Electric Power Steering Market Challenges
11.4.4 Automobile Electric Power Steering Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Automobile Electric Power Steering Distributors
12.3 Automobile Electric Power Steering Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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