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Electric Steering System-Global Market Insights and Sales Trends 2025
Synopsis
Automotive Electronic Power Steering System 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 Steering System market size is expected to reach US$ 18580 million by 2029, growing at a CAGR of 2.2% from 2023 to 2029. The market is mainly driven by the significant applications of Electric Steering System in various end use industries. The expanding demands from the Passenger Car and Commercial Vehicle, are propelling Electric Steering System 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.
JTEKT, Bosch, NSK, Nexteer and ZF are the top 5 players of electric power steering system (EPS), with about 80% market shares.
China is the most important producing area for automotive electric power steering systems in the world, with a market share of more than 30%. In terms of type, P-EPS has a market share of about 40%. In the field of application, passenger vehicle accounts for more than 95% of the market.
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 Steering System, 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 Steering System 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 Steering System market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electric Steering System 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 Steering System covered in this report include ZF Friedrichshafen, Mitsubishi Electric, Nexteer, TRW Automotive, JTEKT, Mando, GKN, Robert Bosch and ATS Automation Tooling Systems, etc.
The global Electric Steering System market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ZF Friedrichshafen
Mitsubishi Electric
Nexteer
TRW Automotive
JTEKT
Mando
GKN
Robert Bosch
ATS Automation Tooling Systems
Delphi Automotive
Hyundai Mobis
Global Electric Steering System 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 Steering System market, Segment by Type:
C-EPS
P-EPS
R-EPS
Global Electric Steering System 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 Steering System manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electric Steering System 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 System 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 Steering System market size is expected to reach US$ 18580 million by 2029, growing at a CAGR of 2.2% from 2023 to 2029. The market is mainly driven by the significant applications of Electric Steering System in various end use industries. The expanding demands from the Passenger Car and Commercial Vehicle, are propelling Electric Steering System 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.
JTEKT, Bosch, NSK, Nexteer and ZF are the top 5 players of electric power steering system (EPS), with about 80% market shares.
China is the most important producing area for automotive electric power steering systems in the world, with a market share of more than 30%. In terms of type, P-EPS has a market share of about 40%. In the field of application, passenger vehicle accounts for more than 95% of the market.
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 Steering System, 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 Steering System 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 Steering System market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electric Steering System 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 Steering System covered in this report include ZF Friedrichshafen, Mitsubishi Electric, Nexteer, TRW Automotive, JTEKT, Mando, GKN, Robert Bosch and ATS Automation Tooling Systems, etc.
The global Electric Steering System market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ZF Friedrichshafen
Mitsubishi Electric
Nexteer
TRW Automotive
JTEKT
Mando
GKN
Robert Bosch
ATS Automation Tooling Systems
Delphi Automotive
Hyundai Mobis
Global Electric Steering System 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 Steering System market, Segment by Type:
C-EPS
P-EPS
R-EPS
Global Electric Steering System 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 Steering System manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electric Steering System 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 Steering System Market Overview
1.1 Electric Steering System Product Overview
1.2 Electric Steering System Market Segment by Type
1.2.1 C-EPS
1.2.2 P-EPS
1.2.3 R-EPS
1.3 Global Electric Steering System Market Size by Type
1.3.1 Global Electric Steering System Market Size Overview by Type (2018-2029)
1.3.2 Global Electric Steering System Historic Market Size Review by Type (2018-2023)
1.3.3 Global Electric Steering System Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Electric Steering System Sales Breakdown by Type (2018-2023)
1.4.2 Europe Electric Steering System Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Electric Steering System Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Electric Steering System Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Electric Steering System Sales Breakdown by Type (2018-2023)
2 Global Electric Steering System Market Competition by Company
2.1 Global Top Players by Electric Steering System Sales (2018-2023)
2.2 Global Top Players by Electric Steering System Revenue (2018-2023)
2.3 Global Top Players by Electric Steering System Price (2018-2023)
2.4 Global Top Manufacturers Electric Steering System Manufacturing Base Distribution, Sales Area, Product Type
2.5 Electric Steering System Market Competitive Situation and Trends
2.5.1 Electric Steering System Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Electric Steering System 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 Steering System as of 2022)
2.7 Date of Key Manufacturers Enter into Electric Steering System Market
2.8 Key Manufacturers Electric Steering System Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Electric Steering System Status and Outlook by Region
3.1 Global Electric Steering System Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Electric Steering System Historic Market Size by Region
3.2.1 Global Electric Steering System Sales in Volume by Region (2018-2023)
3.2.2 Global Electric Steering System Sales in Value by Region (2018-2023)
3.2.3 Global Electric Steering System Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Electric Steering System Forecasted Market Size by Region
3.3.1 Global Electric Steering System Sales in Volume by Region (2024-2029)
3.3.2 Global Electric Steering System Sales in Value by Region (2024-2029)
3.3.3 Global Electric Steering System Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Electric Steering System by Application
4.1 Electric Steering System Market Segment by Application
4.1.1 Passenger Car
4.1.2 Commercial Vehicle
4.2 Global Electric Steering System Market Size by Application
4.2.1 Global Electric Steering System Market Size Overview by Application (2018-2029)
4.2.2 Global Electric Steering System Historic Market Size Review by Application (2018-2023)
4.2.3 Global Electric Steering System Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Electric Steering System Sales Breakdown by Application (2018-2023)
4.3.2 Europe Electric Steering System Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Electric Steering System Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Electric Steering System Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Electric Steering System Sales Breakdown by Application (2018-2023)
5 North America Electric Steering System by Country
5.1 North America Electric Steering System Historic Market Size by Country
5.1.1 North America Electric Steering System Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Electric Steering System Sales in Volume by Country (2018-2023)
5.1.3 North America Electric Steering System Sales in Value by Country (2018-2023)
5.2 North America Electric Steering System Forecasted Market Size by Country
5.2.1 North America Electric Steering System Sales in Volume by Country (2024-2029)
5.2.2 North America Electric Steering System Sales in Value by Country (2024-2029)
6 Europe Electric Steering System by Country
6.1 Europe Electric Steering System Historic Market Size by Country
6.1.1 Europe Electric Steering System Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Electric Steering System Sales in Volume by Country (2018-2023)
6.1.3 Europe Electric Steering System Sales in Value by Country (2018-2023)
6.2 Europe Electric Steering System Forecasted Market Size by Country
6.2.1 Europe Electric Steering System Sales in Volume by Country (2024-2029)
6.2.2 Europe Electric Steering System Sales in Value by Country (2024-2029)
7 Asia-Pacific Electric Steering System by Region
7.1 Asia-Pacific Electric Steering System Historic Market Size by Region
7.1.1 Asia-Pacific Electric Steering System Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Electric Steering System Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Electric Steering System Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Electric Steering System Forecasted Market Size by Region
7.2.1 Asia-Pacific Electric Steering System Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Electric Steering System Sales in Value by Region (2024-2029)
8 Latin America Electric Steering System by Country
8.1 Latin America Electric Steering System Historic Market Size by Country
8.1.1 Latin America Electric Steering System Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Electric Steering System Sales in Volume by Country (2018-2023)
8.1.3 Latin America Electric Steering System Sales in Value by Country (2018-2023)
8.2 Latin America Electric Steering System Forecasted Market Size by Country
8.2.1 Latin America Electric Steering System Sales in Volume by Country (2024-2029)
8.2.2 Latin America Electric Steering System Sales in Value by Country (2024-2029)
9 Middle East and Africa Electric Steering System by Country
9.1 Middle East and Africa Electric Steering System Historic Market Size by Country
9.1.1 Middle East and Africa Electric Steering System Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Electric Steering System Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Electric Steering System Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Electric Steering System Forecasted Market Size by Country
9.2.1 Middle East and Africa Electric Steering System Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Electric Steering System Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 ZF Friedrichshafen
10.1.1 ZF Friedrichshafen Company Information
10.1.2 ZF Friedrichshafen Introduction and Business Overview
10.1.3 ZF Friedrichshafen Electric Steering System Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ZF Friedrichshafen Electric Steering System Products Offered
10.1.5 ZF Friedrichshafen Recent Development
10.2 Mitsubishi Electric
10.2.1 Mitsubishi Electric Company Information
10.2.2 Mitsubishi Electric Introduction and Business Overview
10.2.3 Mitsubishi Electric Electric Steering System Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Mitsubishi Electric Electric Steering System Products Offered
10.2.5 Mitsubishi Electric Recent Development
10.3 Nexteer
10.3.1 Nexteer Company Information
10.3.2 Nexteer Introduction and Business Overview
10.3.3 Nexteer Electric Steering System Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Nexteer Electric Steering System Products Offered
10.3.5 Nexteer Recent Development
10.4 TRW Automotive
10.4.1 TRW Automotive Company Information
10.4.2 TRW Automotive Introduction and Business Overview
10.4.3 TRW Automotive Electric Steering System Sales, Revenue and Gross Margin (2018-2023)
10.4.4 TRW Automotive Electric Steering System Products Offered
10.4.5 TRW Automotive Recent Development
10.5 JTEKT
10.5.1 JTEKT Company Information
10.5.2 JTEKT Introduction and Business Overview
10.5.3 JTEKT Electric Steering System Sales, Revenue and Gross Margin (2018-2023)
10.5.4 JTEKT Electric Steering System Products Offered
10.5.5 JTEKT Recent Development
10.6 Mando
10.6.1 Mando Company Information
10.6.2 Mando Introduction and Business Overview
10.6.3 Mando Electric Steering System Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Mando Electric Steering System Products Offered
10.6.5 Mando Recent Development
10.7 GKN
10.7.1 GKN Company Information
10.7.2 GKN Introduction and Business Overview
10.7.3 GKN Electric Steering System Sales, Revenue and Gross Margin (2018-2023)
10.7.4 GKN Electric Steering System Products Offered
10.7.5 GKN Recent Development
10.8 Robert Bosch
10.8.1 Robert Bosch Company Information
10.8.2 Robert Bosch Introduction and Business Overview
10.8.3 Robert Bosch Electric Steering System Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Robert Bosch Electric Steering System Products Offered
10.8.5 Robert Bosch Recent Development
10.9 ATS Automation Tooling Systems
10.9.1 ATS Automation Tooling Systems Company Information
10.9.2 ATS Automation Tooling Systems Introduction and Business Overview
10.9.3 ATS Automation Tooling Systems Electric Steering System Sales, Revenue and Gross Margin (2018-2023)
10.9.4 ATS Automation Tooling Systems Electric Steering System Products Offered
10.9.5 ATS Automation Tooling Systems Recent Development
10.10 Delphi Automotive
10.10.1 Delphi Automotive Company Information
10.10.2 Delphi Automotive Introduction and Business Overview
10.10.3 Delphi Automotive Electric Steering System Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Delphi Automotive Electric Steering System Products Offered
10.10.5 Delphi Automotive Recent Development
10.11 Hyundai Mobis
10.11.1 Hyundai Mobis Company Information
10.11.2 Hyundai Mobis Introduction and Business Overview
10.11.3 Hyundai Mobis Electric Steering System Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Hyundai Mobis Electric Steering System Products Offered
10.11.5 Hyundai Mobis Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Electric Steering System 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 Steering System Industrial Chain Analysis
11.4 Electric Steering System Market Dynamics
11.4.1 Electric Steering System Industry Trends
11.4.2 Electric Steering System Market Drivers
11.4.3 Electric Steering System Market Challenges
11.4.4 Electric Steering System Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Electric Steering System Distributors
12.3 Electric Steering System 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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