Electric Power Steering Market

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Electric Power Steering Market by Component, Type (CEPS, PEPS, REPS), Mechanism (Collapsible, Rigid), Electric Motor Type, Application, Off-Highway (Construction, Agricultural), EV (BEV, PHEV, HEV), EV Gear Type and Region - Global Forecast to 2027

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Report Code: AT 5951 Apr, 2022, by marketsandmarkets.com

[260 Pages Report] The global Electric Power Steering Market is estimated to be USD 24.3 billion in 2021 and is projected to grow at a CAGR of 5.4% during the forecast period to, USD 33.4 billion by 2027. The key growth drivers for the market are the increasing number of government norms and mandates related to fuel-efficient technologies, measures taken by OEMs worldwide to reduce the weight and complexity of their vehicles, and the globally increasing vehicle production.

Electric Power Steering Market

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Asia Pacific is estimated to lead the electric power steering (EPS) market during the forecast period, followed by North America and Europe. The North American and European markets are set to attain maturity as the majority of the vehicles in these regions are equipped with electric power steering system. These markets are therefore expected to grow at a steady pace during the forecast period.

COVID-19 Impact on Electric Power Steering Market:

The COVID-19 pandemic had a severe impact on the entire automotive industry. The European automotive industry has been severely impacted by the pandemic and, according to the ACEA (European Automobile Manufacturers Association), the automotive sector in the EU suffered production losses amounting to 3.6 million vehicles worth around USD 110.6 billion, during the first half of 2020 alone. Considering the North American market, according to Boston Consulting Group (BCG), despite encouraging reports on vaccine development, numerous risks remain, and the US will not rebound to pre-COVID levels until 2023 at the earliest. This scenario is expected to affect electric power steering system market as the growth of this market is directly related to the production of vehicles.

Market Dynamics

Drivers of the Electric Power Steering Market: Global measures by OEMs to reduce complexity and weight of vehicles

Over the last few years, OEMs have shifted focus from hydraulic to electric power steering systems in the interests of reduced complexity and increased efficiency. EPS systems use an electric motor instead of a hydraulic pump to provide steering assistance and thus help to reduce the weight of the vehicle. Electronic sensors calculate the amount of steering force being applied by the driver and, with the help of an electric motor, the force is amplified to make steering easier

Restraints of the Electric Power Steering Market: High cost and lack of steering feel

Despite the high demand for electric power steering systems, this market still experiences certain obstacles. The higher cost of EPS as compared to traditional steering systems and lack of steering feel can hinder the growth of the market.

Opportunities for the Electric Power Steering Market: Penetration in commercial vehicles

Presently, the power steering market of commercial vehicles is dominated by hydraulic power steering (HPS), which has a complicated structure, consumes high power, leaks easily, and is difficult to control. EPS offers the advantages of adjustable power, good steering, low fuel consumption, and no pollution. Therefore, it would gradually be used in commercial vehicles.

Threats for the Electric Power Steering Market: Maintaining market against steer-by-wire technology

The steering market in the automotive industry is continuously evolving with the changing dynamics of this industry. With the advent of autonomous vehicles, OEMs are innovating their conventional steering system. Steer-by-wire technology is one such innovation that will replace the entire steering system in an autonomous vehicle. This type of steering system will remove the steering linkage of a traditional electric power steering system.

Rack EPS (R-EPS) is estimated to be the fastest-growing segment

An Electric Power Steering (EPS) system offers an alternative to traditional steering systems such as Hydraulic and Electro-Hydraulic. It deploys an electric motor to assist the driver of a vehicle. The global market is segmented by type into column EPS (C-EPS), rack EPS (R-EPS), and pinion EPS (P-EPS). The column EPS (C-EPS) is estimated to hold the largest share of the electric power steering market, by type.

Rack EPS (R-EPS) is estimated to be the fastest-growing segment of the automotive EPS market, by type. Factors contributing to the growth of this segment include the increasing installation rate of EPS in commercial vehicles. Rack EPS (R-EPS) is mostly used in heavy commercial vehicles. Hence, the growing popularity of EPS in heavy commercial vehicles would trigger the growth of R-EPS systems.

Collapsible electric power steering system to experience the highest growth during the forecast period

By mechanism, the market for collapsible electric power steering system is estimated to experience the highest growth during the forecast period. With the advent of the era of advanced technologies, the use of a collapsible electric power steering system has increased. The collapsible electric power steering systems are widely used in electric as well as conventional vehicles.

Stringent emission norms driving the sales of BEVs in turn increasing demand for EPS

By electric vehicle type, BEV is estimated to hold the largest share of the electric power steering market during the forecast period. The market growth can be attributed to the increased production of BEVs, particularly in the Asia Pacific region.

Asia Pacific is estimated to be the fastest growing EPS market

The electric power steering market for Asia Pacific is estimated to grow at the highest CAGR during the forecast period. The Asia Pacific market comprises India, China, Japan, and South Korea. While China has the highest penetration of EPS systems in its vehicles, other countries such as Japan, India, and South Korea are not far behind. JTEKT, which is headquartered in Japan, holds the largest market share of steering systems in the world. Also, Japan is home to many other leading manufacturers of steering systems, such as Mitsubishi Electric, NSK. The presence of leading manufacturers is a key factor driving the penetration of EPS systems in Japan. The EPS installation is directly proportional to the growth of vehicle production in the Asia Pacific region. The EPS systems would be mandated for all vehicle segments by 2025.

Electric Power Steering Market by Region

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Key Market Players

The market share analysis of the key industry players has been conducted based on factors such as the company’s overall revenue, segmental revenue, product portfolio, market presence, and recent developments. The chapter also highlights the key growth strategies adopted by market players from 2018 to 2020. The electric power steering market is dominated by a few globally established players such as JTEKT (Japan), Nexteer (US), Robert Bosch (Germany), ZF (Germany), and NSK (Japan). These companies develop new products, adopt expansion strategies, obtain supply contracts, establish joint ventures, and enter into agreements to gain traction in this market.

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Scope of the Report

Report Metric

Details

Market size available for years

2018–2027

Base year considered

2020

Forecast period

2022–2027

Forecast units

Volume (Units) and Value (USD Million)

Segments covered

Electric Power Steering market By component, By type, By Mechanism, By electric motor type, By application, By off-highway vehicle, By Electric Vehicle, By region, EV Gear type (Worm Gear and Ball Screw) for BEV and PHEV Vehicles

Geographies covered

Asia Pacific, Europe, North America, and the Rest of the World (RoW)

Companies covered

JTEKT corporation (Japan), Nexteer (US), ZF Friedrichshafen AG (Germany), Robert Bosch (Germany), and Others

The study segments the Electric Power Steering Market :

Electric Power Steering (EPS) Market, By Components

  • Steering column
  • Sensors
  • Steering gear
  • Mechanical rack and pinion
  • Electronic control unit
  • Electric motor
  • Bearing

Electric Power Steering (EPS) Market, By Electric Motor 

  • Brush motor
  • Brushless motor

Electric Power Steering (EPS) Market, By Application

  • Passenger Cars (PC)
  • Commercial Vehicles (CV)

Electric Power Steering (EPS) Market, By Off Highway Application 

  • Construction equipment
  • Agricultural equipment

Electric Power Steering (EPS) Market, By Electric Vehicle

  • BEV
  • PHEV
  • FCEV

Electric Power Steering (EPS) Market, By EV Gear Type

  • Worm Gear
  • Ball Screw

Electric Power Steering (EPS) Market, By Type

  • Rack assist type (REPS)
  • Colum assist type (CEPS)
  • Pinion assist type (PEPS)

Electric Power Steering (EPS) Market, By Mechanism

  • Rigid
  • Collapsible

Electric Power Steering (EPS) Market, By Region

  • Asia Pacific
  • Europe
  • North America
  • Rest of the World

Recent Developments

  • In October 2020, BorgWarner acquired Delphi Technologies in a USD 3.3 billion stock deal. The deal is expected to strengthen BorgWarner’s electronics and power electronics product portfolio, capabilities, and scale, creating a leader in electrified propulsion.
  • In May 2020, ZF Friedrichshafen AG acquired WABCO in a USD 7 billion deal. WABCO is now integrated into ZF as its Commercial Vehicle Control Systems Division, and ZF and WABCO will form global integrated systems for commercial vehicle technology. WABCO and ZF had earlier partnered for developing systems such as Evasive Maneuver Assist for collision mitigation in commercial vehicles. WABCO had also been a critical supplier of braking systems to ZF.
  • In January 2020, JTEKT acquired shares of Yutaka Seimitsu Kogyo Ltd. from Toyota Motor Corporation (Toyota). Yutaka manufactures automotive parts and sells gears for general machines. The aim of the deal is to strengthen the competitiveness of Toyota and JTEKT’s core driveline operations. Going forward, all Yutaka operations related to drive components will be transferred from Toyota to JTEKT.
  • In June 2019, Nexteer opened its new facility in liudong new district, Liuzhou, China. this new 12,000 square meter plant will provide customers with ceps (column-assist electric power steering) systems, related technologies, and services. the establishment of the new plant will boost Nexteer’s manufacturing capacity in the Asia pacific region to meet the growing demand for electric power steering systems in the Chinese and Asia pacific markets.
  • In November 2018, NSK Ltd. joint venture, Rane NSK Steering Systems Pvt. Ltd., established a new plant in Gujarat (India) to produce electric power steering (EPS) systems. The plant is spread across 18,000 square meters of land size and has a floor space of 5,200 square meters. The investment is a part of the company’s strategic plan to achieve growth. The company will manufacture 250,000 units of electric power steering annually.
  • In October 2018, Tenneco acquired Federal-Mogul LLC, a leading global supplier to original equipment manufacturers and the aftermarket. The transaction will result in the creation of two new product-focused companies with strong portfolios. The deal will create synergy between the companies and accelerates long-term value creation.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 26)
    1.1 OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS & EXCLUSIONS
    1.3 MARKET SCOPE
           FIGURE 1 MARKET SEGMENTATION: ELECTRIC POWER STEERING MARKET
           1.3.1 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 31)
    2.1 RESEARCH DATA
           FIGURE 2 ELECTRIC POWER STEERING MARKET: RESEARCH DESIGN
           FIGURE 3 RESEARCH DESIGN MODEL
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key secondary sources for vehicle production
                    2.1.1.2 Key secondary sources for market sizing
                    2.1.1.3 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
           2.1.3 PRIMARY PARTICIPANTS
    2.2 MARKET ESTIMATION METHODOLOGY
           FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
    2.3 MARKET SIZE ESTIMATION
           2.3.1 BOTTOM-UP APPROACH
                    FIGURE 6 ELECTRIC POWER STEERING MARKET: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 7 ELECTRIC POWER STEERING MARKET: TOP-DOWN APPROACH
           2.3.3 RESEARCH DESIGN AND METHODOLOGY
                    FIGURE 8 RESEARCH APPROACH: ELECTRIC POWER STEERING MARKET
           2.3.4 DEMAND-SIDE APPROACH
    2.4 DATA TRIANGULATION
           FIGURE 9 DATA TRIANGULATION
    2.5 FACTOR ANALYSIS
           2.5.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES
    2.6 RESEARCH ASSUMPTIONS
    2.7 RESEARCH LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 46)
    3.1 PRE & POST-COVID-19 SCENARIO
           FIGURE 10 PRE & POST-COVID-19 SCENARIO: ELECTRIC POWER STEERING MARKET, 2018–2027 (USD MILLION)
           TABLE 1 ELECTRIC POWER STEERING MARKET: PRE VS. POST-COVID-19 SCENARIO, 2020–2027 (USD MILLION)
    3.2 REPORT SUMMARY
           FIGURE 11 ELECTRIC POWER STEERING MARKET: ASIA PACIFIC TO BE LARGEST MARKET DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 51)
    4.1 ATTRACTIVE OPPORTUNITIES IN ELECTRIC POWER STEERING MARKET
           FIGURE 12 ATTRACTIVE OPPORTUNITIES IN ELECTRIC POWER STEERING MARKET
    4.2 ELECTRIC POWER STEERING MARKET, BY REGION
           FIGURE 13 ASIA PACIFIC PROJECTED TO LEAD ELECTRIC POWER STEERING MARKET DURING FORECAST PERIOD
    4.3 ELECTRIC POWER STEERING MARKET, BY TYPE
           FIGURE 14 BY TYPE, C-EPS SEGMENT PROJECTED TO LEAD ELECTRIC POWER STEERING MARKET DURING FORECAST PERIOD
    4.4 ELECTRIC POWER STEERING MARKET, BY APPLICATION
           FIGURE 15 BY APPLICATION, PASSENGER CAR SEGMENT PROJECTED TO LEAD ELECTRIC POWER STEERING MARKET DURING FORECAST PERIOD
    4.5 ELECTRIC POWER STEERING MARKET, BY COMPONENT
           FIGURE 16 BY COMPONENT, MECHANICAL RACK & PINION SEGMENT PROJECTED TO LEAD ELECTRIC POWER STEERING MARKET DURING FORECAST PERIOD
    4.6 ELECTRIC POWER STEERING MARKET, BY MECHANISM
           FIGURE 17 BY MECHANISM, COLLAPSIBLE EPS SEGMENT PROJECTED TO LEAD ELECTRIC POWER STEERING MARKET DURING FORECAST PERIOD
    4.7 ELECTRIC POWER STEERING MARKET, BY ELECTRIC MOTOR TYPE
           FIGURE 18 BY ELECTRIC MOTOR TYPE, BRUSHLESS DC MOTOR SEGMENT PROJECTED TO LEAD ELECTRIC POWER STEERING MARKET DURING FORECAST PERIOD
    4.8 ELECTRIC POWER STEERING MARKET, BY ELECTRIC VEHICLE TYPE
           FIGURE 19 BY ELECTRIC VEHICLE TYPE, BEV SEGMENT PROJECTED TO LEAD ELECTRIC POWER STEERING MARKET DURING FORECAST PERIOD
    4.9 ELECTRIC POWER STEERING MARKET, BY OFF-HIGHWAY VEHICLE
           FIGURE 20 BY OFF-HIGHWAY VEHICLE, AGRICULTURAL EQUIPMENT SEGMENT PROJECTED TO LEAD ELECTRIC POWER STEERING MARKET BY 2027

5 MARKET OVERVIEW (Page No. - 56)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 21 ELECTRIC POWER STEERING: MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Regulatory push towards efficient technologies
                               FIGURE 22 GLOBAL EMISSION REGULATIONS FOR LIGHT-DUTY VEHICLES, BY COUNTRY, 2014–2025
                    5.2.1.2 Global measures by OEMs to reduce complexity and weight of vehicles
                               TABLE 2 MASS REDUCTION BY USE OF LIGHTWEIGHT MATERIAL
                    5.2.1.3 Increasing vehicle production
                               TABLE 3 GLOBAL LIGHT VEHICLE SALES FORECAST, BY REGION, 2020-2023 (MILLION UNITS)
           5.2.2 RESTRAINTS
                    5.2.2.1 Higher cost of EPS as compared to traditional steering systems
                    5.2.2.2 Lack of steering feel
                    5.2.2.3 Limited load-bearing capacity of EPS systems
                               TABLE 4 STEERING RACK FORCE LIMIT, BY PASSENGER CAR
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Adoption of steer-by-wire technology
                               FIGURE 23 WORKING OF STEER-BY-WIRE TECHNOLOGY
                               FIGURE 24 ADVANTAGES AND DISADVANTAGES OF STEER-BY-WIRE
                               FIGURE 25 PROS AND CONS OF STEER-BY-WIRE SYSTEMS
                    5.2.3.2 Penetration in commercial vehicles
                    5.2.3.3 Enabling ADAS features in EPS systems
           5.2.4 CHALLENGES
                    5.2.4.1 Maintaining market against steer-by-wire technology
                    5.2.4.2 Autonomous vehicles without steering wheels
                    5.2.4.3 Failure of EPS system subcomponents
    5.3 MACRO-INDICATOR ANALYSIS
           5.3.1 INTRODUCTION
           5.3.2 MACRO INDICATORS INFLUENCING THE ELECTRIC POWER STEERING MARKET FOR TOP 3 COUNTRIES
                    5.3.2.1 China
                               FIGURE 26 CHINA: RISING GDP PPP IS EXPECTED TO DRIVE THE ELECTRIC POWER STEERING MARKET DURING THE FORECAST PERIOD
                    5.3.2.2 US
                               FIGURE 27 US: GNI PER CAPITA IS EXPECTED TO PLAY A CRUCIAL ROLE OWING TO INCREASE IN MANUFACTURING EMPLOYMENT
                    5.3.2.3 Germany
                               FIGURE 28 GERMANY: PURCHASING POWER OF CUSTOMERS IS EXPECTED TO DRIVE THE ELECTRIC POWER STEERING MARKET
    5.4 ELECTRIC POWER STEERING MARKET SCENARIO
           FIGURE 29 ELECTRIC POWER STEERING MARKET SCENARIO, 2021–2027 (USD MILLION)
           5.4.1 MOST LIKELY SCENARIO
                    TABLE 5 MOST LIKELY SCENARIO: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (USD MILLION)
           5.4.2 LOW COVID-19 IMPACT SCENARIO
                    TABLE 6 LOW IMPACT SCENARIO: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (USD MILLION)
           5.4.3 HIGH COVID-19 IMPACT SCENARIO
                    TABLE 7 HIGH IMPACT SCENARIO: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (USD MILLION)
    5.5 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 30 PORTER’S FIVE FORCES ANALYSIS: PRESENCE OF ESTABLISHED GLOBAL PLAYERS INCREASES THE DEGREE OF COMPETITION
           5.5.1 THREAT OF SUBSTITUTES
           5.5.2 THREAT OF NEW ENTRANTS
           5.5.3 BARGAINING POWER OF BUYERS
           5.5.4 BARGAINING POWER OF SUPPLIERS
           5.5.5 RIVALRY AMONG EXISTING COMPETITORS
    5.6 SUPPLY CHAIN ANALYSIS
           FIGURE 31 SUPPLY CHAIN ANALYSIS OF ELECTRIC POWER STEERING MARKET
           5.6.1 ELECTRIC POWER STEERING SYSTEM MARKET: SUPPLY CHAIN
    5.7 EPS ECOSYSTEM
    5.8 AVERAGE SELLING PRICE ANALYSIS OF ELECTRIC POWER STEERING, BY REGION & APPLICATION
           5.8.1 PASSENGER CARS
                    TABLE 8 ELECTRIC POWER STEERING: AVERAGE PRICE ANALYSIS FOR PASSENGER CARS, 2021 (PER UNIT COST IN USD)
           5.8.2 COMMERCIAL VEHICLES
                    TABLE 9 ELECTRIC POWER STEERING: AVERAGE PRICE ANALYSIS FOR COMMERCIAL VEHICLE, 2021 (PER UNIT COST IN USD)
    5.9 TRADE ANALYSIS
           TABLE 10 STEERING SYSTEM IMPORTS, SELECT COUNTRIES, 2020-2021 (USD)
    5.10 PATENT ANALYSIS
           TABLE 11 INNOVATION & PATENT REGISTRATIONS, 2019-2021
    5.11 CASE STUDY ANALYSIS
           5.11.1 CASE STUDY1
           5.11.2 CASE STUDY 2
                    FIGURE 32 BLOCK DIAGRAM OF AN EPS MOTOR CONTROL UNIT
    5.12 REGULATORY LANDSCAPE
                    TABLE 12 SAFETY REGULATIONS, BY COUNTRY/REGION
    5.13 TECHNOLOGY OVERVIEW
                    FIGURE 33 EVOLUTION OF EPS SYSTEM (2005-2030)
           5.13.1 ADAS FEATURES: AUTOMATED STEERING SYSTEM
                    FIGURE 34 ROADMAP OF ADAS FOR TOP 3 NATIONS (2013–2030)
           5.13.2 STEER-BY-WIRE (SBW): CUTTING EDGE OF STEERING SYSTEM
                    FIGURE 35 REACH OF SBW IN AUTOMATED STEERING SYSTEM MARKET
           5.13.3 TYPES OF SBW TECHNOLOGY
                    5.13.3.1 Type I
                    5.13.3.2 Type II
                    5.13.3.3 Type III
                               FIGURE 36 THREE TYPES OF STEER-BY-WIRE
           5.13.4 FAIL-SAFE MECHANISM
                    TABLE 13 FAIL-SAFE MECHANISM OF EPS SYSTEM
    5.14 KEY CONFERENCES & EVENTS IN 2022-2023
                    TABLE 14 ELECTRIC POWER STEERING MARKET: DETAILED LIST OF CONFERENCES & EVENTS

6 ELECTRIC POWER STEERING MARKET, BY COMPONENT (Page No. - 84)
    6.1 INTRODUCTION
           6.1.1 RESEARCH METHODOLOGY
           6.1.2 PRIMARY INDUSTRY INSIGHTS
                    FIGURE 37 ELECTRIC POWER STEERING MARKET, BY COMPONENT, 2021 VS. 2027 (USD MILLION)
                    TABLE 15 ELECTRIC POWER STEERING MARKET, BY COMPONENT, 2018–2020 (USD MILLION)
                    TABLE 16 ELECTRIC POWER STEERING MARKET, BY COMPONENT, 2021–2027 (USD MILLION)
    6.2 STEERING COLUMN
           TABLE 17 STEERING COLUMN: ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (USD MILLION)
           TABLE 18 STEERING COLUMN: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (USD MILLION)
           TABLE 19 STEERING COLUMN: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
           TABLE 20 STEERING COLUMN: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
    6.3 SENSOR
           TABLE 21 SENSOR: ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (USD MILLION)
           TABLE 22 SENSOR: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (USD MILLION)
           TABLE 23 SENSOR: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
           TABLE 24 SENSOR: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
    6.4 STEERING GEAR
           TABLE 25 STEERING GEAR: ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (USD MILLION)
           TABLE 26 STEERING GEAR: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (USD MILLION)
           TABLE 27 STEERING GEAR: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
           TABLE 28 STEERING GEAR: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
    6.5 MECHANICAL PINION & RACK
           TABLE 29 MECHANICAL PINION AND RACK: ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (USD MILLION)
           TABLE 30 MECHANICAL PINION AND RACK: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (USD MILLION)
           TABLE 31 MECHANICAL PINION AND RACK: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
           TABLE 32 MECHANICAL PINION AND RACK: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
    6.6 ELECTRONIC CONTROL UNIT (ECU)
           TABLE 33 ELECTRONIC CONTROL UNIT: ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (USD MILLION)
           TABLE 34 ELECTRONIC CONTROL UNIT: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (USD MILLION)
           TABLE 35 ELECTRONIC CONTROL UNIT: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
           TABLE 36 ELECTRONIC CONTROL UNIT: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
    6.7 ELECTRIC MOTOR
           TABLE 37 ELECTRIC MOTOR: ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (USD MILLION)
           TABLE 38 ELECTRIC MOTOR: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (USD MILLION)
           TABLE 39 ELECTRIC MOTOR: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
           TABLE 40 ELECTRIC MOTOR: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
    6.8 BEARING
           TABLE 41 BEARING: ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (USD MILLION)
           TABLE 42 BEARING: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (USD MILLION)
           TABLE 43 BEARING: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
           TABLE 44 BEARING: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (USD MILLION)

7 ELECTRIC POWER STEERING MARKET, BY OFF-HIGHWAY VEHICLE (Page No. - 100)
    7.1 INTRODUCTION
           7.1.1 RESEARCH METHODOLOGY
           7.1.2 PRIMARY INDUSTRY INSIGHTS
           7.1.3 ASSUMPTIONS
                    FIGURE 38 ELECTRIC POWER STEERING MARKET, BY OFF-HIGHWAY VEHICLE, 2021 VS. 2027 (USD MILLION)
                    TABLE 45 ELECTRIC POWER STEERING MARKET, BY OFF-HIGHWAY VEHICLE, 2021–2027 (THOUSAND UNITS)
                    TABLE 46 ELECTRIC POWER STEERING MARKET, BY OFF-HIGHWAY VEHICLE, 2021–2027 (USD MILLION)
    7.2 AGRICULTURAL TRACTORS
           TABLE 47 AGRICULTURAL TRACTORS: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (THOUSAND UNITS)
           TABLE 48 AGRICULTURAL TRACTORS: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (USD MILLION)
    7.3 CONSTRUCTION EQUIPMENT
           TABLE 49 CONSTRUCTION EQUIPMENT: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (THOUSAND UNITS)
           TABLE 50 CONSTRUCTION EQUIPMENT: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (USD MILLION)

8 ELECTRIC POWER STEERING MARKET, BY ELECTRIC MOTOR TYPE (Page No. - 106)
    8.1 INTRODUCTION
           8.1.1 RESEARCH METHODOLOGY
           8.1.2 PRIMARY INDUSTRY INSIGHTS
           8.1.3 ASSUMPTIONS
                    FIGURE 39 ELECTRIC POWER STEERING MARKET, BY ELECTRIC MOTOR TYPE, 2021 VS. 2027 (USD MILLION)
                    TABLE 51 ELECTRIC POWER STEERING MARKET, BY ELECTRIC MOTOR TYPE, 2018–2020 (MILLION UNITS)
                    TABLE 52 ELECTRIC POWER STEERING MARKET, BY ELECTRIC MOTOR TYPE, 2021–2027 (MILLION UNITS)
                    TABLE 53 ELECTRIC POWER STEERING MARKET, BY ELECTRIC MOTOR TYPE, 2018–2020 (USD MILLION)
                    TABLE 54 ELECTRIC POWER STEERING MARKET, BY ELECTRIC MOTOR TYPE, 2021–2027 (USD MILLION)
    8.2 BRUSHED DC MOTOR
           TABLE 55 BRUSHED DC MOTOR: ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (MILLION UNITS)
           TABLE 56 BRUSHED DC MOTOR: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (MILLION UNITS)
           TABLE 57 BRUSHED DC MOTOR: ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (USD MILLION)
           TABLE 58 BRUSHED DC MOTOR: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (USD MILLION)
    8.3 BRUSHLESS DC MOTOR
           TABLE 59 BRUSHLESS DC MOTOR: ELECTRIC POWER STEERING MARKET, BY REGION 2018–2020 (MILLION UNITS)
           TABLE 60 BRUSHLESS DC MOTOR: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (MILLION UNITS)
           TABLE 61 BRUSHLESS DC MOTOR: ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (USD MILLION)
           TABLE 62 BRUSHLESS DC MOTOR: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (USD MILLION)

9 ELECTRIC POWER STEERING MARKET, BY APPLICATION (Page No. - 113)
    9.1 INTRODUCTION
           9.1.1 RESEARCH METHODOLOGY
           9.1.2 PRIMARY INDUSTRY INSIGHTS
                    FIGURE 40 ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021 VS. 2027 (USD MILLION)
                    TABLE 63 ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (MILLION UNITS)
                    TABLE 64 ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (MILLION UNITS)
                    TABLE 65 ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                    TABLE 66 ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
    9.2 PASSENGER CAR
           TABLE 67 PASSENGER CAR: ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (MILLION UNITS)
           TABLE 68 PASSENGER CAR: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (MILLION UNITS)
           TABLE 69 PASSENGER CAR: ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (USD MILLION)
           TABLE 70 PASSENGER CAR: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (USD MILLION)
    9.3 COMMERCIAL VEHICLE
           TABLE 71 COMMERCIAL VEHICLE: ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (MILLION UNITS)
           TABLE 72 COMMERCIAL VEHICLE: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (MILLION UNITS)
           TABLE 73 COMMERCIAL VEHICLE: ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (USD MILLION)
           TABLE 74 COMMERCIAL VEHICLE: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (USD MILLION)

10 ELECTRIC POWER STEERING MARKET, BY ELECTRIC VEHICLE TYPE (Page No. - 120)
     10.1 INTRODUCTION
             10.1.1 RESEARCH METHODOLOGY
             10.1.2 PRIMARY INDUSTRY INSIGHTS
             10.1.3 ASSUMPTIONS
     10.2 ASIA PACIFIC
     10.3 EUROPE
     10.4 NORTH AMERICA
               FIGURE 41 ELECTRIC POWER STEERING MARKET, BY ELECTRIC VEHICLE TYPE, 2021 VS. 2027 (USD MILLION)
               TABLE 75 ELECTRIC POWER STEERING MARKET, BY ELECTRIC VEHICLE TYPE, 2018–2020 (THOUSAND UNITS)
               TABLE 76 ELECTRIC POWER STEERING MARKET, BY ELECTRIC VEHICLE TYPE, 2021–2027 (THOUSAND UNITS)
               TABLE 77 ELECTRIC POWER STEERING MARKET, BY ELECTRIC VEHICLE TYPE, 2018–2020 (USD MILLION)
               TABLE 78 ELECTRIC POWER STEERING MARKET, BY ELECTRIC VEHICLE TYPE, 2021–2027 (USD MILLION)
     10.5 BATTERY ELECTRIC VEHICLE (BEV)
               TABLE 79 BATTERY ELECTRIC VEHICLE: ELECTRIC POWER STEERING MARKET, BY REGION 2018–2020 (THOUSAND UNITS)
               TABLE 80 BATTERY ELECTRIC VEHICLE: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (THOUSAND UNITS)
               TABLE 81 BATTERY ELECTRIC VEHICLE: ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (USD MILLION)
               TABLE 82 BATTERY ELECTRIC VEHICLE: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (USD MILLION)
             10.5.1 ASIA PACIFIC
                       TABLE 83 ASIA PACIFIC: BEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2018–2020 (THOUSAND UNITS)
                       TABLE 84 ASIA PACIFIC: BEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2021–2027 (THOUSAND UNITS)
                       TABLE 85 ASIA PACIFIC: BEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
                       TABLE 86 ASIA PACIFIC: BEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
             10.5.2 EUROPE
                       TABLE 87 EUROPE: BEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2018–2020 (THOUSAND UNITS)
                       TABLE 88 EUROPE: BEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2021–2027 (THOUSAND UNITS)
                       TABLE 89 EUROPE: BEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
                       TABLE 90 EUROPE: BEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
             10.5.3 NORTH AMERICA
                       TABLE 91 NORTH AMERICA: BEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2018–2020 (THOUSAND UNITS)
                       TABLE 92 NORTH AMERICA: BEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2021–2027 (THOUSAND UNITS)
                       TABLE 93 NORTH AMERICA: BEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
                       TABLE 94 NORTH AMERICA: BEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
     10.6 PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV)
               TABLE 95 PLUG-IN HYBRID ELECTRIC VEHICLE: ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (THOUSAND UNITS)
               TABLE 96 PLUG-IN HYBRID ELECTRIC VEHICLE: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (THOUSAND UNITS)
               TABLE 97 PLUG-IN HYBRID ELECTRIC VEHICLE: ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (USD MILLION)
               TABLE 98 PLUG-IN HYBRID ELECTRIC VEHICLE: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (USD MILLION)
             10.6.1 ASIA PACIFIC
                       TABLE 99 ASIA PACIFIC: PHEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2018–2020 (THOUSAND UNITS)
                       TABLE 100 ASIA PACIFIC: PHEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2021–2027 (THOUSAND UNITS)
                       TABLE 101 ASIA PACIFIC: PHEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
                       TABLE 102 ASIA PACIFIC: PHEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
             10.6.2 EUROPE
                       TABLE 103 EUROPE: PHEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2018–2020 (THOUSAND UNITS)
                       TABLE 104 EUROPE: PHEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2021–2027 (THOUSAND UNITS)
                       TABLE 105 EUROPE: PHEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
                       TABLE 106 EUROPE: PHEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
             10.6.3 NORTH AMERICA
                       TABLE 107 NORTH AMERICA: PHEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2018–2020 (THOUSAND UNITS)
                       TABLE 108 NORTH AMERICA: PHEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2021–2027 (THOUSAND UNITS)
                       TABLE 109 NORTH AMERICA: PHEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
                       TABLE 110 NORTH AMERICA: PHEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
     10.7 FUEL CELL ELECTRIC VEHICLE (FCEV)
               TABLE 111 FUEL CELL ELECTRIC VEHICLE: ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (UNITS)
               TABLE 112 FUEL CELL ELECTRIC VEHICLE: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (UNITS)
               TABLE 113 FUEL CELL ELECTRIC VEHICLE: ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (USD THOUSAND)
               TABLE 114 FUEL CELL ELECTRIC VEHICLE: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (USD THOUSAND)
             10.7.1 ASIA PACIFIC
                       TABLE 115 ASIA PACIFIC: FCEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2018–2020 (UNITS)
                       TABLE 116 ASIA PACIFIC: FCEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2021–2027 (UNITS)
                       TABLE 117 ASIA PACIFIC: FCEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2018–2020 (USD THOUSAND)
                       TABLE 118 ASIA PACIFIC: FCEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2021–2027 (USD THOUSAND)
             10.7.2 EUROPE
                       TABLE 119 EUROPE: FCEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2018–2020 (UNITS)
                       TABLE 120 EUROPE: FCEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2021–2027 (UNITS)
                       TABLE 121 EUROPE: FCEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2018–2020 (USD THOUSAND)
                       TABLE 122 EUROPE: FCEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2021–2027 (USD THOUSAND)
             10.7.3 NORTH AMERICA
                       TABLE 123 NORTH AMERICA: FCEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2018–2020 (UNITS)
                       TABLE 124 NORTH AMERICA: FCEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2021–2027 (UNITS)
                       TABLE 125 NORTH AMERICA: FCEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2018–2020 (USD THOUSAND)
                       TABLE 126 NORTH AMERICA: FCEV ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2021–2027 (USD THOUSAND)

11 ELECTRIC POWER STEERING MARKET, BY TYPE (Page No. - 146)
     11.1 INTRODUCTION
             11.1.1 RESEARCH METHODOLOGY
             11.1.2 PRIMARY INDUSTRY INSIGHTS
             11.1.3 ASSUMPTIONS
                       FIGURE 42 ELECTRIC POWER STEERING MARKET SIZE, BY TYPE, 2021 VS. 2027 (USD MILLION)
                       TABLE 127 ELECTRIC POWER STEERING MARKET, BY TYPE, 2018–2020 (MILLION UNITS)
                       TABLE 128 ELECTRIC POWER STEERING MARKET, BY TYPE, 2021–2027 (MILLION UNITS)
                       TABLE 129 ELECTRIC POWER STEERING MARKET, BY TYPE, 2018–2020 (USD MILLION)
                       TABLE 130 ELECTRIC POWER STEERING MARKET, BY TYPE, 2021–2027 (USD MILLION)
     11.2 C-EPS
               TABLE 131 C-EPS: ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (MILLION UNITS)
               TABLE 132 C-EPS: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (MILLION UNITS)
               TABLE 133 C-EPS: ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (USD MILLION)
               TABLE 134 C-EPS: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (USD MILLION)
     11.3 P-EPS
               TABLE 135 P-EPS: ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (MILLION UNITS)
               TABLE 136 P-EPS: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (MILLION UNITS)
               TABLE 137 P-EPS: ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (USD MILLION)
               TABLE 138 P-EPS: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (USD MILLION)
     11.4 R-EPS
               TABLE 139 R-EPS: ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (MILLION UNITS)
               TABLE 140 R-EPS: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (MILLION UNITS)
               TABLE 141 R-EPS: ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (USD MILLION)
               TABLE 142 R-EPS: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (USD MILLION)

12 ELECTRIC POWER STEERING MARKET, BY MECHANISM (Page No. - 155)
     12.1 INTRODUCTION
             12.1.1 RESEARCH METHODOLOGY
             12.1.2 PRIMARY INDUSTRY INSIGHTS
                       FIGURE 43 ELECTRIC POWER STEERING MARKET SIZE, BY MECHANISM, 2021 VS. 2027 (USD MILLION)
                       TABLE 143 ELECTRIC POWER STEERING MARKET SIZE, BY MECHANISM, 2018–2020 (MILLION UNITS)
                       TABLE 144 ELECTRIC POWER STEERING MARKET SIZE, BY MECHANISM, 2021–2027 (MILLION UNITS)
                       TABLE 145 ELECTRIC POWER STEERING MARKET SIZE, BY MECHANISM, 2018–2020 (USD MILLION)
                       TABLE 146 ELECTRIC POWER STEERING MARKET SIZE, BY MECHANISM, 2021–2027 (USD MILLION)
     12.2 COLLAPSIBLE EPS
               TABLE 147 COLLAPSIBLE EPS: ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (MILLION UNITS)
               TABLE 148 COLLAPSIBLE EPS: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (MILLION UNITS)
               TABLE 149 COLLAPSIBLE EPS: ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (USD MILLION)
               TABLE 150 COLLAPSIBLE EPS: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (USD MILLION)
     12.3 RIGID EPS
               TABLE 151 RIGID EPS: ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (MILLION UNITS)
               TABLE 152 RIGID EPS: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (MILLION UNITS)
               TABLE 153 RIGID EPS: ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (USD MILLION)
               TABLE 154 RIGID EPS: ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (USD MILLION)

13 ELECTRIC POWER STEERING MARKET, BY EV GEAR TYPE (Page No. - 162)
     13.1 INTRODUCTION
             13.1.1 RESEARCH METHODOLOGY
     13.2 BATTERY ELECTRIC VEHICLE (BEV)
               TABLE 155 WORM GEAR: ELECTRIC POWER STEERING MARKET FOR BATTERY ELECTRIC VEHICLE, BY REGION, 2018–2020 (THOUSAND UNITS)
               TABLE 156 WORM GEAR: ELECTRIC POWER STEERING MARKET FOR BATTERY ELECTRIC VEHICLE, BY REGION, 2021–2027 (THOUSAND UNITS)
               TABLE 157 BALL SCREW: ELECTRIC POWER STEERING MARKET FOR BATTERY ELECTRIC VEHICLE, BY REGION, 2018–2020 (THOUSAND UNITS)
               TABLE 158 BALL SCREW: ELECTRIC POWER STEERING MARKET FOR BATTERY ELECTRIC VEHICLE, BY REGION, 2021–2027 (THOUSAND UNITS)
     13.3 PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV)
               TABLE 159 WORM GEAR: ELECTRIC POWER STEERING MARKET FOR PLUG-IN HYBRID ELECTRIC VEHICLE, BY REGION, 2018–2020 (THOUSAND UNITS)
               TABLE 160 WORM GEAR: ELECTRIC POWER STEERING MARKET FOR PLUG-IN HYBRID ELECTRIC VEHICLE, BY REGION, 2021–2027 (THOUSAND UNITS)
               TABLE 161 BALL SCREW: ELECTRIC POWER STEERING MARKET FOR PLUG-IN HYBRID ELECTRIC VEHICLE, BY REGION, 2018–2020 (THOUSAND UNITS)
               TABLE 162 BALL SCREW: ELECTRIC POWER STEERING MARKET FOR PLUG-IN HYBRID ELECTRIC VEHICLE, BY REGION, 2021–2027 (THOUSAND UNITS)

14 ELECTRIC POWER STEERING MARKET, BY REGION (Page No. - 168)
     14.1 INTRODUCTION
               FIGURE 44 ELECTRIC POWER STEERING MARKET, BY REGION, 2021 VS. 2027 (USD MILLION)
               TABLE 163 ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (MILLION UNITS)
               TABLE 164 ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (MILLION UNITS)
               TABLE 165 ELECTRIC POWER STEERING MARKET, BY REGION, 2018–2020 (USD MILLION)
               TABLE 166 ELECTRIC POWER STEERING MARKET, BY REGION, 2021–2027 (USD MILLION)
     14.2 ASIA PACIFIC
               FIGURE 45 ASIA PACIFIC: ELECTRIC POWER STEERING MARKET SNAPSHOT
               TABLE 167 ASIA PACIFIC: ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2018–2020 (MILLION UNITS)
               TABLE 168 ASIA PACIFIC: ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2021–2027 (MILLION UNITS)
               TABLE 169 ASIA PACIFIC: ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
               TABLE 170 ASIA PACIFIC: ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
             14.2.1 CHINA
                       TABLE 171 CHINA: VEHICLE PRODUCTION DATA, 2018-2020 (THOUSAND UNITS)
                       TABLE 172 CHINA: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (MILLION UNITS)
                       TABLE 173 CHINA: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (MILLION UNITS)
                       TABLE 174 CHINA: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                       TABLE 175 CHINA: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
             14.2.2 INDIA
                       TABLE 176 INDIA: VEHICLE PRODUCTION DATA, 2018-2020 (THOUSAND UNITS)
                       TABLE 177 INDIA: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (MILLION UNITS)
                       TABLE 178 INDIA: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (MILLION UNITS)
                       TABLE 179 INDIA: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                       TABLE 180 INDIA: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
             14.2.3 JAPAN
                       TABLE 181 JAPAN: VEHICLE PRODUCTION DATA, 2018-2020 (THOUSAND UNITS)
                       TABLE 182 JAPAN: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (MILLION UNITS)
                       TABLE 183 JAPAN: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (MILLION UNITS)
                       TABLE 184 JAPAN: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                       TABLE 185 JAPAN: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
             14.2.4 SOUTH KOREA
                       TABLE 186 SOUTH KOREA: VEHICLE PRODUCTION DATA, 2018-2020 (THOUSAND UNITS)
                       TABLE 187 SOUTH KOREA: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (MILLION UNITS)
                       TABLE 188 SOUTH KOREA: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (MILLION UNITS)
                       TABLE 189 SOUTH KOREA: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                       TABLE 190 SOUTH KOREA: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
     14.3 EUROPE
               TABLE 191 EUROPE: ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2018–2020 (MILLION UNITS)
               TABLE 192 EUROPE: ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2021–2027 (MILLION UNITS)
               TABLE 193 EUROPE: ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
               TABLE 194 EUROPE: ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
             14.3.1 GERMANY
                       TABLE 195 GERMANY: VEHICLE PRODUCTION DATA, 2018-2020 (THOUSAND UNITS)
                       TABLE 196 GERMANY: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (MILLION UNITS)
                       TABLE 197 GERMANY: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (MILLION UNITS)
                       TABLE 198 GERMANY: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                       TABLE 199 GERMANY: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
             14.3.2 ITALY
                       TABLE 200 ITALY: VEHICLE PRODUCTION DATA, 2018-2020 (THOUSAND UNITS)
                       TABLE 201 ITALY: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (MILLION UNITS)
                       TABLE 202 ITALY: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (MILLION UNITS)
                       TABLE 203 ITALY: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                       TABLE 204 ITALY: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
             14.3.3 FRANCE
                       TABLE 205 FRANCE: VEHICLE PRODUCTION DATA, 2018-2020 (THOUSAND UNITS)
                       TABLE 206 FRANCE: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (MILLION UNITS)
                       TABLE 207 FRANCE: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (MILLION UNITS)
                       TABLE 208 FRANCE: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                       TABLE 209 FRANCE: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
             14.3.4 SPAIN
                       TABLE 210 SPAIN: VEHICLE PRODUCTION DATA, 2018-2020 (THOUSAND UNITS)
                       TABLE 211 SPAIN: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (MILLION UNITS)
                       TABLE 212 SPAIN: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (MILLION UNITS)
                       TABLE 213 SPAIN: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                       TABLE 214 SPAIN: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
             14.3.5 UK
                       TABLE 215 UK: VEHICLE PRODUCTION DATA, 2018–2020 (THOUSAND UNITS)
                       TABLE 216 UK: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (MILLION UNITS)
                       TABLE 217 UK: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (MILLION UNITS)
                       TABLE 218 UK: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                       TABLE 219 UK: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
             14.3.6 RUSSIA
                       TABLE 220 RUSSIA: VEHICLE PRODUCTION DATA, 2018–2020 (THOUSAND UNITS)
                       TABLE 221 RUSSIA: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (MILLION UNITS)
                       TABLE 222 RUSSIA: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (MILLION UNITS)
                       TABLE 223 RUSSIA: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                       TABLE 224 RUSSIA: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
     14.4 NORTH AMERICA
               FIGURE 46 NORTH AMERICA: ELECTRIC POWER STEERING MARKET SNAPSHOT
               TABLE 225 NORTH AMERICA: ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2018–2020 (MILLION UNITS)
               TABLE 226 NORTH AMERICA: ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2021–2027 (MILLION UNITS)
               TABLE 227 NORTH AMERICA: ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
               TABLE 228 NORTH AMERICA: ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
             14.4.1 US
                       TABLE 229 US: VEHICLE PRODUCTION DATA, 2018–2020 (THOUSAND UNITS)
                       TABLE 230 US: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (MILLION UNITS)
                       TABLE 231 US: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (MILLION UNITS)
                       TABLE 232 US: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                       TABLE 233 US: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
             14.4.2 CANADA
                       TABLE 234 CANADA: VEHICLE PRODUCTION DATA, 2018–2020 (THOUSAND UNITS)
                       TABLE 235 CANADA: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (MILLION UNITS)
                       TABLE 236 CANADA: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (MILLION UNITS)
                       TABLE 237 CANADA: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                       TABLE 238 CANADA: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
             14.4.3 MEXICO
                       TABLE 239 MEXICO: VEHICLE PRODUCTION DATA, 2018–2020 (THOUSAND UNITS)
                       TABLE 240 MEXICO: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (MILLION UNITS)
                       TABLE 241 MEXICO: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (MILLION UNITS)
                       TABLE 242 MEXICO: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                       TABLE 243 MEXICO: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
     14.5 REST OF THE WORLD (ROW)
               TABLE 244 REST OF THE WORLD: ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2018–2020 (THOUSAND UNITS)
               TABLE 245 REST OF THE WORLD: ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2021–2027 (THOUSAND UNITS)
               TABLE 246 REST OF THE WORLD: ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
               TABLE 247 REST OF THE WORLD: ELECTRIC POWER STEERING MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
             14.5.1 BRAZIL
                       TABLE 248 BRAZIL: VEHICLE PRODUCTION DATA, 2018-2020 (THOUSAND UNITS)
                       TABLE 249 BRAZIL: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (MILLION UNITS)
                       TABLE 250 BRAZIL: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (MILLION UNITS)
                       TABLE 251 BRAZIL: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                       TABLE 252 BRAZIL: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
             14.5.2 SOUTH AFRICA
                       TABLE 253 SOUTH AFRICA: VEHICLE PRODUCTION DATA, 2018–2020 (THOUSAND UNITS)
                       TABLE 254 SOUTH AFRICA: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (MILLION UNITS)
                       TABLE 255 SOUTH AFRICA: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (MILLION UNITS)
                       TABLE 256 SOUTH AFRICA: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                       TABLE 257 SOUTH AFRICA: ELECTRIC POWER STEERING MARKET, BY APPLICATION, 2021–2027 (USD MILLION)

15 COMPETITIVE LANDSCAPE (Page No. - 201)
     15.1 OVERVIEW
     15.2 MARKET RANKING ANALYSIS
               TABLE 258 ELECTRIC POWER STEERING MARKET RANKING: 2020
               FIGURE 47 NORTH AMERICA: ELECTRIC POWER STEERING MARKET SHARE ANALYSIS, 2020
               FIGURE 48 CHINA: ELECTRIC POWER STEERING MARKET SHARE ANALYSIS, 2020
     15.3 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS
               TABLE 259 ELECTRIC POWER STEERING MARKET: COMPANY PRODUCT FOOTPRINT, 2021
               TABLE 260 ELECTRIC POWER STEERING MARKET: PRODUCT TYPE FOOTPRINT, 2021
               TABLE 261 ELECTRIC POWER STEERING MARKET: COMPANY REGION FOOTPRINT, 2021
     15.4 COMPETITIVE EVALUATION QUADRANT – ELECTRIC POWER STEERING MANUFACTURERS
             15.4.1 STAR
             15.4.2 EMERGING LEADERS
             15.4.3 PERVASIVE
             15.4.4 PARTICIPANTS
                       FIGURE 49 ELECTRIC POWER STEERING MANUFACTURERS: COMPETITIVE EVALUATION MATRIX, 2021
     15.5 COMPETITIVE SCENARIO
             15.5.1 NEW PRODUCT LAUNCHES
                       TABLE 262 PRODUCT LAUNCHES, 2018–2022
             15.5.2 DEALS
                       TABLE 263 DEALS, 2018–2020
             15.5.3 EXPANSIONS, 2018–2021
                       TABLE 264 EXPANSIONS, 2018–2021
     15.6 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2018–2021
               FIGURE 50 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENTS AND EXPANSIONS AS KEY GROWTH STRATEGIES, 2018–2021

16 COMPANY PROFILES (Page No. - 216)
(Business overview, Products offered, Recent developments & MnM View)*
     16.1 KEY PLAYERS
             16.1.1 JTEKT CORPORATION
                       TABLE 265 JTEKT CORPORATION: BUSINESS OVERVIEW
                       FIGURE 51 JTEKT CORPORATION: COMPANY SNAPSHOT
                       TABLE 266 JTEKT CORPORATION: PRODUCTS OFFERED
                       TABLE 267 JTEKT CORPORATION: DEALS
                       TABLE 268 JTEKT CORPORATION: OTHER DEVELOPMENTS
             16.1.2 NEXTEER
                       TABLE 269 NEXTEER: BUSINESS OVERVIEW
                       FIGURE 52 NEXTEER: SNAPSHOT
                       TABLE 270 NEXTEER: PRODUCTS OFFERED
                       TABLE 271 NEXTEER: NEW PRODUCT DEVELOPMENTS
                       TABLE 272 NEXTEER: OTHER DEVELOPMENTS
             16.1.3 ZF FRIEDRICHSHAFEN AG
                       TABLE 273 ZF FRIEDRICHSHAFEN AG: BUSINESS OVERVIEW
                       FIGURE 53 ZF FRIEDRICHSHAFEN AG: COMPANY SNAPSHOT
                       TABLE 274 ZF FRIEDRICHSHAFEN AG: PRODUCTS OFFERED
                       TABLE 275 ZF FRIEDRICHSHAFEN AG: NEW PRODUCT DEVELOPMENTS
                       TABLE 276 ZF FRIEDRICHSHAFEN AG: DEALS
             16.1.4 ROBERT BOSCH
                       TABLE 277 ROBERT BOSCH: BUSINESS OVERVIEW
                       FIGURE 54 ROBERT BOSCH: COMPANY SNAPSHOT
                       TABLE 278 ROBERT BOSCH: PRODUCTS OFFERED
             16.1.5 NSK LTD.
                       TABLE 279 NSK LTD.: BUSINESS OVERVIEW
                       FIGURE 55 NSK LTD.: COMPANY SNAPSHOT
                       TABLE 280 NSK LTD.: PRODUCTS OFFERED
                       TABLE 281 NSK LTD.: NEW PRODUCT DEVELOPMENTS
                       TABLE 282 NSK LTD.: DEALS
                       TABLE 283 NSK LTD.: OTHER DEVELOPMENTS
             16.1.6 HYUNDAI MOBIS
                       TABLE 284 HYUNDAI MOBIS: BUSINESS OVERVIEW
                       FIGURE 56 HYUNDAI MOBIS: COMPANY SNAPSHOT
                       TABLE 285 HYUNDAI MOBIS: PRODUCTS OFFERED
                       TABLE 286 HYUNDAI MOBIS: DEALS
             16.1.7 HITACHI ASTEMO, LTD.
                       TABLE 287 HITACHI ASTEMO, LTD.: BUSINESS OVERVIEW
                       FIGURE 57 HITACHI ASTEMO, LTD.: COMPANY SNAPSHOT
                       TABLE 288 HITACHI ASTEMO, LTD.: PRODUCTS OFFERED
             16.1.8 THYSSENKRUPP
                       TABLE 289 THYSSENKRUPP: BUSINESS OVERVIEW
                       FIGURE 58 THYSSENKRUPP: COMPANY SNAPSHOT
                       TABLE 290 THYSSENKRUPP: PRODUCTS OFFERED
                       TABLE 291 THYSSENKRUPP: OTHER DEVELOPMENTS
             16.1.9 MITSUBISHI ELECTRIC
                       TABLE 292 MITSUBISHI ELECTRIC: BUSINESS OVERVIEW
                       FIGURE 59 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT
                       TABLE 293 MITSUBISHI ELECTRIC: PRODUCTS OFFERED
             16.1.10 KYB CORPORATION
                       TABLE 294 KYB CORPORATION: BUSINESS OVERVIEW
                       FIGURE 60 KYB CORPORATION: COMPANY SNAPSHOT
                       TABLE 295 KYB CORPORATION: PRODUCTS OFFERED
             16.1.11 MANDO CORPORATION
                       TABLE 296 MANDO CORPORATION: BUSINESS OVERVIEW
                       FIGURE 61 COMPANY SNAPSHOT: MANDO CORPORATION
                       TABLE 297 MANDO CORPORATION: PRODUCTS OFFERED
                       TABLE 298 MANDO CORPORATION: DEALS
                       TABLE 299 MANDO CORPORATION: OTHER DEVELOPMENTS
             16.1.12 HYCET TECHNOLOGY CO., LTD
                       TABLE 300 HYCET TECHNOLOGY CO., LTD: BUSINESS OVERVIEW
                       TABLE 301 HYCET TECHNOLOGY CO., LTD: PRODUCTS OFFERED
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
     16.2 OTHER KEY PLAYERS
             16.2.1 MAVAL INDUSTRIES
                       TABLE 302 MAVAL INDUSTRIES: BUSINESS OVERVIEW
             16.2.2 TENNECO
                       TABLE 303 TENNECO: BUSINESS OVERVIEW
             16.2.3 GSS STEERING SYSTEMS LLC
                       TABLE 304 GSS STEERING SYSTEMS LLC: BUSINESS OVERVIEW
             16.2.4 HELLA GMBH & CO. KGAA
                       TABLE 305 HELLA GMBH & CO. KGAA: BUSINESS OVERVIEW
             16.2.5 YUBEI POWER STEERING SYSTEM CO., LTD.
                       TABLE 306 YUBEI POWER STEERING SYSTEM CO., LTD: BUSINESS OVERVIEW
             16.2.6 HUHEI HENGLONG AUTO SYSTEM GROUP
                       TABLE 307 HUHEI HENGLONG AUTO SYSTEM GROUP: BUSINESS OVERVIEW
             16.2.7 BORGWARNER
                       TABLE 308 BORGWARNER: BUSINESS OVERVIEW
             16.2.8 DENSO CORPORATION
                       TABLE 309 DENSO CORPORATION: BUSINESS OVERVIEW

17 APPENDIX (Page No. - 253)
     17.1 INSIGHTS OF INDUSTRY EXPERTS
     17.2 DISCUSSION GUIDE
     17.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
     17.4 AVAILABLE CUSTOMIZATIONS
     17.5 RELATED REPORTS
     17.6 AUTHOR DETAILS

The study involves four main activities to estimate the current size of the electric power steering market.

  • Exhaustive secondary research was done to collect information on the market, such as, electric power steering market by component, by off-highway vehicles, by electric motor type, by application, by type, by mechanism and by region
  • The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research.
  • Bottom-up and top-down approaches were employed to estimate the complete market size for different segments considered under this study.
  • Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.

Secondary Research

Secondary sources referred to in this research study include automotive industry organizations such as the Organization Internationale des Constructeurs d'Automobiles (OICA); corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and automotive seats associations. The secondary data was collected and analyzed to arrive at the overall market size, which was further validated by primary research.

Primary Research

Extensive primary research was conducted after obtaining an understanding of the automotive seats market scenario through secondary research. Approximately 80% of the primary interviews were conducted from the electric power steering providers and component/system providers, and 20% from the end users across Americas, Europe, and Asia Oceania. The primary data was collected through questionnaires, emails, and telephonic interviews. Various departments within organizations, including sales, operations, and administrations, were contacted to provide a holistic viewpoint in the report while canvassing primaries.

After interacting with industry participants, some brief sessions were conducted with experienced independent consultants to reinforce the findings from the primaries. This, along with the opinions of in-house subject matter experts, led to the findings delineated in the report.

Electric Power Steering Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Bottom Up approach:

The bottom-up approach has been used to estimate and validate the size of the electric power steering market. In this approach, the vehicle production statistics for each application (passenger car and commercial vehicle) have been considered at a country and regional level.

To determine the market size, in terms of volume, the country-level vehicle production has been taken into consideration. The number of electric power steering employed in each application in each country, considered under the scope of the study, has been determined by secondary research and further validated by primary research. The average number of electric power steering is then multiplied by the production volumes of all applications to arrive at the market size, by volume, of key countries. The country-level market size, in terms of volume, is then multiplied by the country-level average OE Price of electric power steering for each application. This results in the country-level market size in terms of value. The summation of the country-level market gives the regional market, and further summation of the regional market provides the electric power steering market.

Top Down approach:

The market size of electric power steering, in terms of motor type and type, has been calculated using the top-down approach. Extensive secondary and primary research has been carried out to understand the global market scenario for the types of electric power steering used in the automotive industry. Several primary interviews have been conducted with key opinion leaders related to electric power steering development, including key OEMs and Tier-1 suppliers and applications. Qualitative aspects such as market drivers, restraints, opportunities, and challenges have been taken into consideration while calculating and forecasting the market size.

The research methodology used in the report involves various secondary sources such as Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (ACEA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA). Experts from related industries and suppliers have been interviewed to understand the future trends of the electric power steering market. Both, bottom-up and top-down approaches have been used to estimate and validate the size of the global eps market. The market size, by volume, is derived by identifying the region-wise production volumes and analyzing the demand trends. The market size, by value, is derived by adding the average selling price of individual components of the electric power steering system and multiplying the same with the volume of electric power steering in that region.

Electric Power Steering Market Size: Bottom-Up Approach

Electric Power Steering Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Electric Power Steering Market Size: Top-Down Approach

Electric Power Steering Market Size, and Share

Report Objectives

  • To define, describe, and project the electric power steering market based on Component (Steering Column, Sensors, Steering Gear, Mechanical Rack and Pinion), Electronic Control Unit (ECU), Electric Motor and Bearings)
  • To define, describe, and project the electric power steering market based on off-highway vehicles (Agricultural equipment and Construction equipment)
  • To define, describe, and project the electric power steering market based on electric motor type (Brushed DC Motors and Brushless DC Motors)
  • To define, describe, and project the electric power steering market based on Application (Passenger Cars and Commercial Vehicles)
  • To define, describe, and project the electric power steering market based on Type (C-EPS,
    P-EPS, R-EPS)
  • To define, describe, and project the electric power steering market based on Mechanism (Collapsible EPS and Rigid EPS)
  • To project the market for electric power steering across the four key regions, namely, Asia Pacific, Europe, North America, and the Rest of the World (RoW)
  • To define, describe, and project the electric power steering market based on EV Gear type (Worm Gear and Ball Screw) for BEV and PHEV Vehicles
  • To define, describe, and project the market for electric power steering by electric vehicle type across the key regions, namely, Asia Pacific, Europe and North America for BEV, PHEV and FCEV Vehicles
  • To provide detailed analysis regarding the various forces acting in the market (drivers, restraints, opportunities, and challenges)
  • To analyze the regional markets for growth trends, future prospects, and their contribution to the total market
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To analyze and define the stakeholders in the market and provide a detailed competitive landscape
  • To analyze the opportunities offered by various segments of the market to the stakeholders

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

  • Detailed analysis and profiling of additional regions (up to 3)
  • Detailed analysis of an additional variant of electric power steering (only 1)
  • Detailed analysis of component segment by country
  • Detailed analysis of motor type segment by country
Report Code
AT 5951
Published ON
Apr, 2022
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