Automotive Electric Power Steering Market Size, Share Revenue to Grow At 3.2% CAGR Through 2027

SHARE THIS ARTICLE

Latest Study on “Automotive Electric Power Steering Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2027”.

The global Automotive Electric Power Steering market gathered revenue around USD 29.1 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 3.2% during the prediction period 2021 to 2027.

Get Sample Pages of Report@  https://www.novaoneadvisor.com/report/sample/5610

Rise in demand for advanced safety features in vehicles, including lane assistance and blind spot detection, is projected to fuel the demand for electronic components in vehicles. This, in turn, is likely to propel the automotive electric power steering market across the globe. The growing consumer trend toward advanced drive assist systems in vehicles is prompting vehicle manufacturers to integrate the electric power steering in their vehicles. Major vehicle manufacturers are reducing their vehicles’ weight to enhance fuel-efficiency, which is likely to propel the demand for electric power steering systems in vehicles.

The market survey provides compelling insights into important drivers that enable growth. It highlights untapped potential in a variety of industries. For the purpose of the study, the market has been segmented in terms of By Motor Assist, Component, Vehicle, Technology, and regions. The report presents an incisive view of various factors impacting growth across these categories. Challenges posing threat also are studied in detail.

Apart from underscoring unexplored prospects, the report is intended to prepare businesses for unforeseen challenges in the future. It covers recommendations to help them navigate their businesses through obstacles to continue reporting growth at a sustainable pace.

COVID-19 Impact on Automotive Electric Power Steering Sales

Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Automotive Electric Power Steering market.

Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.

Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.

Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Automotive Electric Power Steering market 2021 onwards. This trend will however continue through the course of the report’s assessment period

Emerging Nations to Continue Attracting Investments :

The expansion of various industries across India, China, Brazil, and other emerging countries will help the Automotive Electric Power Steering market flourish. Consistent investment towards industrialization and urbanization, as well as the implementation of policies favouring foreign investment, will continue to be major growth drivers.

Expansion initiatives undertaken by various countries will aid the growth of the Automotive Electric Power Steering market. Besides, the easy availability of raw materials and labours at a cheaper cost will attract an increasing number of companies within the Automotive Electric Power Steering market.

Get Full Access of This Research Report@ https://www.novaoneadvisor.com/report/checkout/5610

Some of the prominent players in the Automotive Electric Power Steering Market include: JTEKT Corporation, DENSO Corporation, Sona Koyo Steering Systems Ltd., ZF Friedrichshafen AG, GKN plc., Robert Bosch GmbH, NSK Ltd., Mitsubishi Electric Corporation, China Automotive Systems, Inc., Delphi Technologies, Hyundai Mobis, Thyssenkrupp Business Area Components Technology, SHOWA Corporation, Mando Corp., Global Steering Systems, Zhejiang Shibao Company Limited, TRIDEC, and Hitachi Automotive Systems.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Global Automotive Electric Power Steering Market: Segmentation

  • Automotive Electric Power Steering Market, by Motor Assist
    • Column Assist
    • Pinion Assist
    • Rack Assist
  • Automotive Electric Power Steering Market, by Component
    • EPS Control Module
    • Electric Motor
    • Rack & Pinion
    • Steering Column
  • Automotive Electric Power Steering Market, by Vehicle
    • Passenger Vehicle
    • Light Commercial Vehicle
    • Heavy Commercial Vehicle
  • Automotive Electric Power Steering Market, by Technology
    • Conventional EPS
    • EPS with ADAS

The regional segmentation covers:

-North America Region (U.S., Canada, Mexico)

-Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)

-Asia-Pacific Region (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

-South America Region (Brazil, Argentina, Columbia, Rest of South America)

-The Middle East & Africa Region (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Findings of the Automotive Electric Power Steering Market Study

  • Backed by the presence of well-established industrial infrastructure and willingness to spend on advanced technologies will strengthen North America’s hold in the global market.
  • The Europe market will continue gaining from surging demand in Germany, U.K., Italy, France, and Spain.
  • Investment towards industrialization and favourable policies intended at encouraging foreign investment will drive growth in India and China, sealing Asia Pacific’s position as a highly lucrative market for Automotive Electric Power Steering.
  • In Latin America, the market will gain from surging focus on economic development.

Why Buy this Report?

The purpose of Nova one advisor’s Automotive Electric Power Steering market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

Table of content

Chapter 1.    Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.    Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.    Executive Summary

3.1.  Market Snapshot

Chapter 4.    Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.     Raw Material Procurement Analysis

4.3.2.     Sales and Distribution Channel Analysis

4.3.3.     Downstream Buyer Analysis

Chapter 5.    Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.     Market Drivers

5.1.2.     Market Restraints

5.1.3.     Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.     Bargaining power of suppliers

5.2.2.     Bargaining power of buyers

5.2.3.     Threat of substitute

5.2.4.     Threat of new entrants

5.2.5.     Degree of competition

Chapter 6.    Competitive Landscape

6.1.1.     Company Market Share/Positioning Analysis

6.1.2.     Key Strategies Adopted by Players

6.1.3.     Vendor Landscape

6.1.3.1.          List of Suppliers

6.1.3.2.          List of Buyers

Chapter 7.    Global  Automotive Electric Power Steering Market, By Motor Assist

7.1.   Automotive Electric Power Steering  Market, By Motor Assist, 2021-2027

7.1.1.     Column Assist

7.1.1.1.          Market Revenue and Forecast (2016-2027)

7.1.2.     Pinion Assist

7.1.2.1.          Market Revenue and Forecast (2016-2027)

7.1.3.     Rack Assist

7.1.3.1.          Market Revenue and Forecast (2016-2027)

Chapter 8.    Global  Automotive Electric Power Steering Market, By Component

8.1.   Automotive Electric Power Steering  Market, by Component, 2021-2027

8.1.1.     EPS Control Module

8.1.1.1.          Market Revenue and Forecast (2016-2027)

8.1.2.     EPS Control Module

8.1.2.1.          Market Revenue and Forecast (2016-2027)

8.1.3.     Rack & Pinion

8.1.3.1.          Market Revenue and Forecast (2016-2027)

8.1.4.     Steering Column

8.1.4.1.          Market Revenue and Forecast (2016-2027)

Chapter 9.    Global  Automotive Electric Power Steering Market, By Vehicle

9.1.   Automotive Electric Power Steering  Market, by Vehicle, 2021-2027

9.1.1.     Passenger Vehicle

9.1.1.1.          Market Revenue and Forecast (2016-2027)

9.1.2.     Light Commercial Vehicle

9.1.2.1.          Market Revenue and Forecast (2016-2027)

9.1.3.     Heavy Commercial Vehicle

9.1.3.1.          Market Revenue and Forecast (2016-2027)

Chapter 10.Global  Automotive Electric Power Steering Market, By Technology

10.1.           Automotive Electric Power Steering  Market, by Technology, 2021-2027

10.1.1.  Conventional EPS

10.1.1.1.       Market Revenue and Forecast (2016-2027)

10.1.2.  EPS with ADAS

10.1.2.1.       Market Revenue and Forecast (2016-2027)

Chapter 11.Global  Automotive Electric Power Steering  Market, Regional Estimates and Trend Forecast

11.1.          North America

11.1.1.  Market Revenue and Forecast, By Motor Assist (2016-2027)

11.1.2.  Market Revenue and Forecast, by Component (2016-2027)

11.1.3.  Market Revenue and Forecast, by Vehicle (2016-2027)

11.1.4.  Market Revenue and Forecast, by Technology (2016-2027)

11.1.5.  U.S.

11.1.5.1.       Market Revenue and Forecast, By Motor Assist (2016-2027)

11.1.5.2.       Market Revenue and Forecast, by Component (2016-2027)

11.1.5.3.       Market Revenue and Forecast, by Vehicle (2016-2027)

11.1.5.4.       Market Revenue and Forecast, by Technology (2016-2027)

11.1.6.  Rest of North America

11.1.6.1.       Market Revenue and Forecast, By Motor Assist (2016-2027)

11.1.6.2.       Market Revenue and Forecast, by Component (2016-2027)

11.1.6.3.       Market Revenue and Forecast, by Vehicle (2016-2027)

11.1.6.4.       Market Revenue and Forecast, by Technology (2016-2027)

11.2.          Europe

11.2.1.  Market Revenue and Forecast, By Motor Assist (2016-2027)

11.2.2.  Market Revenue and Forecast, by Component (2016-2027)

11.2.3.  Market Revenue and Forecast, by Vehicle (2016-2027)

11.2.4.  Market Revenue and Forecast, by Technology (2016-2027)

11.2.5.  UK

11.2.5.1.       Market Revenue and Forecast, By Motor Assist (2016-2027)

11.2.5.2.       Market Revenue and Forecast, by Component (2016-2027)

11.2.5.3.       Market Revenue and Forecast, by Vehicle (2016-2027)

11.2.5.4.       Market Revenue and Forecast, by Technology (2016-2027)

11.2.6.  Germany

11.2.6.1.       Market Revenue and Forecast, By Motor Assist(2016-2027)

11.2.6.2.       Market Revenue and Forecast, by Component (2016-2027)

11.2.6.3.       Market Revenue and Forecast, by Vehicle (2016-2027)

11.2.6.4.       Market Revenue and Forecast, by Technology (2016-2027)

11.2.7.  France

11.2.7.1.       Market Revenue and Forecast, By Motor Assist (2016-2027)

11.2.7.2.       Market Revenue and Forecast, by Component (2016-2027)

11.2.7.3.       Market Revenue and Forecast, by Vehicle (2016-2027)

11.2.7.4.       Market Revenue and Forecast, by Technology (2016-2027)

11.2.8.  Rest of Europe

11.2.8.1.       Market Revenue and Forecast, By Motor Assist (2016-2027)

11.2.8.2.       Market Revenue and Forecast, by Component (2016-2027)

11.2.8.3.       Market Revenue and Forecast, by Vehicle (2016-2027)

11.2.8.4.       Market Revenue and Forecast, by Technology (2016-2027)

11.3.          APAC

11.3.1.  Market Revenue and Forecast, By Motor Assist (2016-2027)

11.3.2.  Market Revenue and Forecast, by Component (2016-2027)

11.3.3.  Market Revenue and Forecast, by Vehicle (2016-2027)

11.3.4.  Market Revenue and Forecast, by Technology (2016-2027)

11.3.5.  India

11.3.5.1.       Market Revenue and Forecast, By Motor Assist (2016-2027)

11.3.5.2.       Market Revenue and Forecast, by Component (2016-2027)

11.3.5.3.       Market Revenue and Forecast, by Vehicle (2016-2027)

11.3.5.4.       Market Revenue and Forecast, by Technology (2016-2027)

11.3.6.  China

11.3.6.1.       Market Revenue and Forecast, By Motor Assist (2016-2027)

11.3.6.2.       Market Revenue and Forecast, by Component (2016-2027)

11.3.6.3.       Market Revenue and Forecast, by Vehicle (2016-2027)

11.3.6.4.       Market Revenue and Forecast, by Technology (2016-2027)

11.3.7.  Japan

11.3.7.1.       Market Revenue and Forecast, By Motor Assist (2016-2027)

11.3.7.2.       Market Revenue and Forecast, by Component (2016-2027)

11.3.7.3.       Market Revenue and Forecast, by Vehicle (2016-2027)

11.3.7.4.       Market Revenue and Forecast, by Technology (2016-2027)

11.3.8.  Rest of APAC

11.3.8.1.       Market Revenue and Forecast, By Motor Assist (2016-2027)

11.3.8.2.       Market Revenue and Forecast, by Component (2016-2027)

11.3.8.3.       Market Revenue and Forecast, by Vehicle (2016-2027)

11.3.8.4.       Market Revenue and Forecast, by Technology (2016-2027)

11.4.          MEA

11.4.1.  Market Revenue and Forecast, By Motor Assist (2016-2027)

11.4.2.  Market Revenue and Forecast, by Component (2016-2027)

11.4.3.  Market Revenue and Forecast, by Vehicle (2016-2027)

11.4.4.  Market Revenue and Forecast, by Technology (2016-2027)

11.4.5.  GCC

11.4.5.1.       Market Revenue and Forecast, By Motor Assist (2016-2027)

11.4.5.2.       Market Revenue and Forecast, by Component (2016-2027)

11.4.5.3.       Market Revenue and Forecast, by Vehicle (2016-2027)

11.4.5.4.       Market Revenue and Forecast, by Technology (2016-2027)

11.4.6.  North Africa

11.4.6.1.       Market Revenue and Forecast, By Motor Assist (2016-2027)

11.4.6.2.       Market Revenue and Forecast, by Component (2016-2027)

11.4.6.3.       Market Revenue and Forecast, by Vehicle (2016-2027)

11.4.6.4.       Market Revenue and Forecast, by Technology (2016-2027)

11.4.7.  South Africa

11.4.7.1.       Market Revenue and Forecast, By Motor Assist (2016-2027)

11.4.7.2.       Market Revenue and Forecast, by Component (2016-2027)

11.4.7.3.       Market Revenue and Forecast, by Vehicle (2016-2027)

11.4.7.4.       Market Revenue and Forecast, by Technology (2016-2027)

11.4.8.  Rest of MEA

11.4.8.1.       Market Revenue and Forecast, By Motor Assist (2016-2027)

11.4.8.2.       Market Revenue and Forecast, by Component (2016-2027)

11.4.8.3.       Market Revenue and Forecast, by Vehicle (2016-2027)

11.4.8.4.       Market Revenue and Forecast, by Technology (2016-2027)

11.5.          Latin America

11.5.1.  Market Revenue and Forecast, By Motor Assist (2016-2027)

11.5.2.  Market Revenue and Forecast, by Component (2016-2027)

11.5.3.  Market Revenue and Forecast, by Vehicle (2016-2027)

11.5.4.  Market Revenue and Forecast, by Technology (2016-2027)

11.5.5.  Brazil

11.5.5.1.       Market Revenue and Forecast, By Motor Assist (2016-2027)

11.5.5.2.       Market Revenue and Forecast, by Component (2016-2027)

11.5.5.3.       Market Revenue and Forecast, by Vehicle (2016-2027)

11.5.5.4.       Market Revenue and Forecast, by Technology (2016-2027)

11.5.6.  Rest of LATAM

11.5.6.1.       Market Revenue and Forecast, By Motor Assist (2016-2027)

11.5.6.2.       Market Revenue and Forecast, by Component (2016-2027)

11.5.6.3.       Market Revenue and Forecast, by Vehicle (2016-2027)

11.5.6.4.       Market Revenue and Forecast, by Technology (2016-2027)

Chapter 12.   Company Profiles

12.1.                 JTEKT Corporation

12.1.1.  Company Overview

12.1.2.  Product Offerings

12.1.3.  Financial Performance

12.1.4.  Recent Initiatives

12.2.                 DENSO Corporation

12.2.1.  Company Overview

12.2.2.  Product Offerings

12.2.3.  Financial Performance

12.2.4.  Recent Initiatives

12.3.                 DENSO Corporation

12.3.1.  Company Overview

12.3.2.  Product Offerings

12.3.3.  Financial Performance

12.3.4.  Recent Initiatives

12.4.                 ZF Friedrichshafen AG, GKN plc.

12.4.1.  Company Overview

12.4.2.  Product Offerings

12.4.3.  Financial Performance

12.4.4.  Recent Initiatives

12.5.                 Robert Bosch GmbH, NSK Ltd.

12.5.1.  Company Overview

12.5.2.  Product Offerings

12.5.3.  Financial Performance

12.5.4.  Recent Initiatives

12.6.                 Mitsubishi Electric Corporation

12.6.1.  Company Overview

12.6.2.  Product Offerings

12.6.3.  Financial Performance

12.6.4.  Recent Initiatives

12.7.                 Mitsubishi Electric Corporation

12.7.1.  Company Overview

12.7.2.  Product Offerings

12.7.3.  Financial Performance

12.7.4.  Recent Initiatives

12.8.                 Delphi Technologies

12.8.1.  Company Overview

12.8.2.  Product Offerings

12.8.3.  Financial Performance

12.8.4.  Recent Initiatives

12.9.                 Delphi Technologies

12.9.1.  Company Overview

12.9.2.  Product Offerings

12.9.3.  Financial Performance

12.9.4.  Recent Initiatives

12.10.              Thyssenkrupp Business Area Components Technology

12.10.1.                   Company Overview

12.10.2.                   Product Offerings

12.10.3.                   Financial Performance

12.10.4.                   Recent Initiatives

Chapter 13.   Research Methodology

13.1.                 Primary Research

13.2.                 Secondary Research

13.3.                 Assumptions

Chapter 14.   Appendix

14.1.                 About Us

14.2.                 Glossary of Terms

Some of the key highlights of the report are:

  • Automotive Electric Power Steering Market Demand Outlook – The report offers refined forecasts on potential growth prospects for the market. Based on data derived after thorough research by a team of expert analysis, Nova one advisor presents the most precise rate of growth for the market for the assessment period starting from (start year) to (end year).
  • Automotive Electric Power Steering Supply Chain Analysis – The purpose of the survey is to help companies identify potential scope for supply chain expansion. The study also presents analysis of unprecedented threats.
  • Key Market Segments – To present an exhaustive overview, the global Automotive Electric Power Steering market is segmented in terms of By Motor Assist, Component, Vehicle, Technology, and region. Opportunities existing across each of these categories are reflected on to help businesses realize their true potential.
  • Competitive Landscape Analysis – Some of the leading companies operating in the Automotive Electric Power Steering market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

Buy Complete Assessment of Automotive Electric Power Steering market Now @ https://www.novaoneadvisor.com/report/checkout/5610

About Us

Nova One Advisor is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Nova One Advisor has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally.

Contact Us:

Mr. Alex

Sales Manager

Call: +1 9197 992 333

Email: – sales@novaoneadvisor.com

Web – https://www.novaoneadvisor.com/

Flair Insight

Flair Insight covers consultation, syndicated market studies, and customized research reports. We share online news distribution to different portals.

View all posts by Flair Insight →

Leave a Reply

Your email address will not be published.