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Electric Power Steering System (EPS)-Global Market Insights and Sales Trends 2025
Synopsis
Automotive Electronic Power Steering is a very popular steering system, a power steering system that directly relies on the motor to provide auxiliary torque; Currently, most of the vehicle are installed the electronic power steering system, and the electronic power steering system can reduce about 5% fuel consumption.
The global Electric Power Steering System (EPS) market size is expected to reach US$ 20380 million by 2029, growing at a CAGR of 2.7% from 2023 to 2029. The market is mainly driven by the significant applications of Electric Power Steering System (EPS) in various end use industries. The expanding demands from the Passenger Car and Commercial Vehicle, are propelling Electric Power Steering System (EPS) market. 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 P-EPS segment is estimated at % CAGR for the next seven-year period.
The global key producers of electric power steering system(EPS) are JTEKT, Bosch, Nexteer, ZF, NSK, Hitachi Astemo (Showa), Hyundai Mobis, and others. The top five producers have a total market share of 80%, with the largest producer being JTEKT with a 30% share. Global origins are mainly located in North America, Europe, China, Japan, etc., with China being the largest production region with a market share of 35%. In terms of product categories, C-EPS has the largest market share with 40%, followed by P-EPS and DP-EPS with 35% and 15% respectively. In terms of applications, passenger cars hold more than 90% of the market share, while commercial vehicles account for only 8%.
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 Electric Power Steering System (EPS), 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 Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) covered in this report include JTEKT, Bosch, Nexteer, ZF, NSK, Hitachi Astemo (Showa), Hyundai Mobis, Thyssenkrupp and Mando, etc.
The global Electric Power Steering System (EPS) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
JTEKT
Bosch
Nexteer
ZF
NSK
Hitachi Astemo (Showa)
Hyundai Mobis
Thyssenkrupp
Mando
CAAS
Zhuzhou Elite
Yubei
Zhejiang Shibao
Global Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) market, Segment by Type:
C-EPS
P-EPS
DP-EPS
R-EPS
Global Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electric Power Steering System (EPS) 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.
Automotive Electronic Power Steering is a very popular steering system, a power steering system that directly relies on the motor to provide auxiliary torque; Currently, most of the vehicle are installed the electronic power steering system, and the electronic power steering system can reduce about 5% fuel consumption.
The global Electric Power Steering System (EPS) market size is expected to reach US$ 20380 million by 2029, growing at a CAGR of 2.7% from 2023 to 2029. The market is mainly driven by the significant applications of Electric Power Steering System (EPS) in various end use industries. The expanding demands from the Passenger Car and Commercial Vehicle, are propelling Electric Power Steering System (EPS) market. 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 P-EPS segment is estimated at % CAGR for the next seven-year period.
The global key producers of electric power steering system(EPS) are JTEKT, Bosch, Nexteer, ZF, NSK, Hitachi Astemo (Showa), Hyundai Mobis, and others. The top five producers have a total market share of 80%, with the largest producer being JTEKT with a 30% share. Global origins are mainly located in North America, Europe, China, Japan, etc., with China being the largest production region with a market share of 35%. In terms of product categories, C-EPS has the largest market share with 40%, followed by P-EPS and DP-EPS with 35% and 15% respectively. In terms of applications, passenger cars hold more than 90% of the market share, while commercial vehicles account for only 8%.
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 Electric Power Steering System (EPS), 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 Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) covered in this report include JTEKT, Bosch, Nexteer, ZF, NSK, Hitachi Astemo (Showa), Hyundai Mobis, Thyssenkrupp and Mando, etc.
The global Electric Power Steering System (EPS) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
JTEKT
Bosch
Nexteer
ZF
NSK
Hitachi Astemo (Showa)
Hyundai Mobis
Thyssenkrupp
Mando
CAAS
Zhuzhou Elite
Yubei
Zhejiang Shibao
Global Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) market, Segment by Type:
C-EPS
P-EPS
DP-EPS
R-EPS
Global Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) Market Overview
1.1 Electric Power Steering System (EPS) Product Overview
1.2 Electric Power Steering System (EPS) Market Segment by Type
1.2.1 C-EPS
1.2.2 P-EPS
1.2.3 DP-EPS
1.2.4 R-EPS
1.3 Global Electric Power Steering System (EPS) Market Size by Type
1.3.1 Global Electric Power Steering System (EPS) Market Size Overview by Type (2018-2029)
1.3.2 Global Electric Power Steering System (EPS) Historic Market Size Review by Type (2018-2023)
1.3.3 Global Electric Power Steering System (EPS) Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Electric Power Steering System (EPS) Sales Breakdown by Type (2018-2023)
1.4.2 Europe Electric Power Steering System (EPS) Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Electric Power Steering System (EPS) Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Electric Power Steering System (EPS) Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Electric Power Steering System (EPS) Sales Breakdown by Type (2018-2023)
2 Global Electric Power Steering System (EPS) Market Competition by Company
2.1 Global Top Players by Electric Power Steering System (EPS) Sales (2018-2023)
2.2 Global Top Players by Electric Power Steering System (EPS) Revenue (2018-2023)
2.3 Global Top Players by Electric Power Steering System (EPS) Price (2018-2023)
2.4 Global Top Manufacturers Electric Power Steering System (EPS) Manufacturing Base Distribution, Sales Area, Product Type
2.5 Electric Power Steering System (EPS) Market Competitive Situation and Trends
2.5.1 Electric Power Steering System (EPS) Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) as of 2022)
2.7 Date of Key Manufacturers Enter into Electric Power Steering System (EPS) Market
2.8 Key Manufacturers Electric Power Steering System (EPS) Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Electric Power Steering System (EPS) Status and Outlook by Region
3.1 Global Electric Power Steering System (EPS) Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Electric Power Steering System (EPS) Historic Market Size by Region
3.2.1 Global Electric Power Steering System (EPS) Sales in Volume by Region (2018-2023)
3.2.2 Global Electric Power Steering System (EPS) Sales in Value by Region (2018-2023)
3.2.3 Global Electric Power Steering System (EPS) Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Electric Power Steering System (EPS) Forecasted Market Size by Region
3.3.1 Global Electric Power Steering System (EPS) Sales in Volume by Region (2024-2029)
3.3.2 Global Electric Power Steering System (EPS) Sales in Value by Region (2024-2029)
3.3.3 Global Electric Power Steering System (EPS) Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Electric Power Steering System (EPS) by Application
4.1 Electric Power Steering System (EPS) Market Segment by Application
4.1.1 Passenger Car
4.1.2 Commercial Vehicle
4.2 Global Electric Power Steering System (EPS) Market Size by Application
4.2.1 Global Electric Power Steering System (EPS) Market Size Overview by Application (2018-2029)
4.2.2 Global Electric Power Steering System (EPS) Historic Market Size Review by Application (2018-2023)
4.2.3 Global Electric Power Steering System (EPS) Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Electric Power Steering System (EPS) Sales Breakdown by Application (2018-2023)
4.3.2 Europe Electric Power Steering System (EPS) Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Electric Power Steering System (EPS) Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Electric Power Steering System (EPS) Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Electric Power Steering System (EPS) Sales Breakdown by Application (2018-2023)
5 North America Electric Power Steering System (EPS) by Country
5.1 North America Electric Power Steering System (EPS) Historic Market Size by Country
5.1.1 North America Electric Power Steering System (EPS) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Electric Power Steering System (EPS) Sales in Volume by Country (2018-2023)
5.1.3 North America Electric Power Steering System (EPS) Sales in Value by Country (2018-2023)
5.2 North America Electric Power Steering System (EPS) Forecasted Market Size by Country
5.2.1 North America Electric Power Steering System (EPS) Sales in Volume by Country (2024-2029)
5.2.2 North America Electric Power Steering System (EPS) Sales in Value by Country (2024-2029)
6 Europe Electric Power Steering System (EPS) by Country
6.1 Europe Electric Power Steering System (EPS) Historic Market Size by Country
6.1.1 Europe Electric Power Steering System (EPS) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Electric Power Steering System (EPS) Sales in Volume by Country (2018-2023)
6.1.3 Europe Electric Power Steering System (EPS) Sales in Value by Country (2018-2023)
6.2 Europe Electric Power Steering System (EPS) Forecasted Market Size by Country
6.2.1 Europe Electric Power Steering System (EPS) Sales in Volume by Country (2024-2029)
6.2.2 Europe Electric Power Steering System (EPS) Sales in Value by Country (2024-2029)
7 Asia-Pacific Electric Power Steering System (EPS) by Region
7.1 Asia-Pacific Electric Power Steering System (EPS) Historic Market Size by Region
7.1.1 Asia-Pacific Electric Power Steering System (EPS) Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Electric Power Steering System (EPS) Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Electric Power Steering System (EPS) Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Electric Power Steering System (EPS) Forecasted Market Size by Region
7.2.1 Asia-Pacific Electric Power Steering System (EPS) Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Electric Power Steering System (EPS) Sales in Value by Region (2024-2029)
8 Latin America Electric Power Steering System (EPS) by Country
8.1 Latin America Electric Power Steering System (EPS) Historic Market Size by Country
8.1.1 Latin America Electric Power Steering System (EPS) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Electric Power Steering System (EPS) Sales in Volume by Country (2018-2023)
8.1.3 Latin America Electric Power Steering System (EPS) Sales in Value by Country (2018-2023)
8.2 Latin America Electric Power Steering System (EPS) Forecasted Market Size by Country
8.2.1 Latin America Electric Power Steering System (EPS) Sales in Volume by Country (2024-2029)
8.2.2 Latin America Electric Power Steering System (EPS) Sales in Value by Country (2024-2029)
9 Middle East and Africa Electric Power Steering System (EPS) by Country
9.1 Middle East and Africa Electric Power Steering System (EPS) Historic Market Size by Country
9.1.1 Middle East and Africa Electric Power Steering System (EPS) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Electric Power Steering System (EPS) Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Electric Power Steering System (EPS) Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Electric Power Steering System (EPS) Forecasted Market Size by Country
9.2.1 Middle East and Africa Electric Power Steering System (EPS) Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Electric Power Steering System (EPS) Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 JTEKT
10.1.1 JTEKT Company Information
10.1.2 JTEKT Introduction and Business Overview
10.1.3 JTEKT Electric Power Steering System (EPS) Sales, Revenue and Gross Margin (2018-2023)
10.1.4 JTEKT Electric Power Steering System (EPS) Products Offered
10.1.5 JTEKT Recent Development
10.2 Bosch
10.2.1 Bosch Company Information
10.2.2 Bosch Introduction and Business Overview
10.2.3 Bosch Electric Power Steering System (EPS) Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Bosch Electric Power Steering System (EPS) Products Offered
10.2.5 Bosch Recent Development
10.3 Nexteer
10.3.1 Nexteer Company Information
10.3.2 Nexteer Introduction and Business Overview
10.3.3 Nexteer Electric Power Steering System (EPS) Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Nexteer Electric Power Steering System (EPS) Products Offered
10.3.5 Nexteer Recent Development
10.4 ZF
10.4.1 ZF Company Information
10.4.2 ZF Introduction and Business Overview
10.4.3 ZF Electric Power Steering System (EPS) Sales, Revenue and Gross Margin (2018-2023)
10.4.4 ZF Electric Power Steering System (EPS) Products Offered
10.4.5 ZF Recent Development
10.5 NSK
10.5.1 NSK Company Information
10.5.2 NSK Introduction and Business Overview
10.5.3 NSK Electric Power Steering System (EPS) Sales, Revenue and Gross Margin (2018-2023)
10.5.4 NSK Electric Power Steering System (EPS) Products Offered
10.5.5 NSK Recent Development
10.6 Hitachi Astemo (Showa)
10.6.1 Hitachi Astemo (Showa) Company Information
10.6.2 Hitachi Astemo (Showa) Introduction and Business Overview
10.6.3 Hitachi Astemo (Showa) Electric Power Steering System (EPS) Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Hitachi Astemo (Showa) Electric Power Steering System (EPS) Products Offered
10.6.5 Hitachi Astemo (Showa) Recent Development
10.7 Hyundai Mobis
10.7.1 Hyundai Mobis Company Information
10.7.2 Hyundai Mobis Introduction and Business Overview
10.7.3 Hyundai Mobis Electric Power Steering System (EPS) Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Hyundai Mobis Electric Power Steering System (EPS) Products Offered
10.7.5 Hyundai Mobis Recent Development
10.8 Thyssenkrupp
10.8.1 Thyssenkrupp Company Information
10.8.2 Thyssenkrupp Introduction and Business Overview
10.8.3 Thyssenkrupp Electric Power Steering System (EPS) Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Thyssenkrupp Electric Power Steering System (EPS) Products Offered
10.8.5 Thyssenkrupp Recent Development
10.9 Mando
10.9.1 Mando Company Information
10.9.2 Mando Introduction and Business Overview
10.9.3 Mando Electric Power Steering System (EPS) Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Mando Electric Power Steering System (EPS) Products Offered
10.9.5 Mando Recent Development
10.10 CAAS
10.10.1 CAAS Company Information
10.10.2 CAAS Introduction and Business Overview
10.10.3 CAAS Electric Power Steering System (EPS) Sales, Revenue and Gross Margin (2018-2023)
10.10.4 CAAS Electric Power Steering System (EPS) Products Offered
10.10.5 CAAS Recent Development
10.11 Zhuzhou Elite
10.11.1 Zhuzhou Elite Company Information
10.11.2 Zhuzhou Elite Introduction and Business Overview
10.11.3 Zhuzhou Elite Electric Power Steering System (EPS) Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Zhuzhou Elite Electric Power Steering System (EPS) Products Offered
10.11.5 Zhuzhou Elite Recent Development
10.12 Yubei
10.12.1 Yubei Company Information
10.12.2 Yubei Introduction and Business Overview
10.12.3 Yubei Electric Power Steering System (EPS) Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Yubei Electric Power Steering System (EPS) Products Offered
10.12.5 Yubei Recent Development
10.13 Zhejiang Shibao
10.13.1 Zhejiang Shibao Company Information
10.13.2 Zhejiang Shibao Introduction and Business Overview
10.13.3 Zhejiang Shibao Electric Power Steering System (EPS) Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Zhejiang Shibao Electric Power Steering System (EPS) Products Offered
10.13.5 Zhejiang Shibao Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Electric Power Steering System (EPS) 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 Electric Power Steering System (EPS) Industrial Chain Analysis
11.4 Electric Power Steering System (EPS) Market Dynamics
11.4.1 Electric Power Steering System (EPS) Industry Trends
11.4.2 Electric Power Steering System (EPS) Market Drivers
11.4.3 Electric Power Steering System (EPS) Market Challenges
11.4.4 Electric Power Steering System (EPS) Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Electric Power Steering System (EPS) Distributors
12.3 Electric Power Steering System (EPS) 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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