This industry study presents the global Automotive Electric Power Steering (EPS) market size, historical breakdown data (2013-2018) and forecast (2018-2025). The Automotive Electric Power Steering (EPS) production, revenue and market share by manufacturers, key regions and type;
The consumption of Automotive Electric Power Steering (EPS) in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders JTEKT, Bosch, etc.
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.
NSK Ltd, a Japanese Company has designed the worlds lightest column type Electric Power Steering (EPS), which will contribute to increased fuel efficiency in automobiles.
The simple EPS design compared to hydraulic steering systems, with advantages such as lesser weight, low maintenance, a better response at different speeds, high durability, and lesser fuel consumption, has fuelled the adoption of EPS over hydraulic systems, in turn, driving the market for automotive electric power steering systems. Erratic fuel prices and safety features, such as electronic stability control and ABS integrated with electronic steering systems, are some other factors fuelling demand in this market.
Global Automotive Electric Power Steering (EPS) market size will reach xx million US$ by 2025, from xx million US$ in 2017, at a CAGR of xx% during the forecast period. In this study, 2017 has been considered as the base year and 2018-2025 as the forecast period to estimate the market size for Automotive Electric Power Steering (EPS).
The following manufacturers are covered in this report:
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Automotive Electric Power Steering (EPS) Breakdown Data by Type
Automotive Electric Power Steering (EPS) Breakdown Data by Application
Automotive Electric Power Steering (EPS) Production by Region
Automotive Electric Power Steering (EPS) Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Automotive Electric Power Steering (EPS) status and future forecastinvolving, production, revenue, consumption, historical and forecast.
To present the key Automotive Electric Power Steering (EPS) manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Automotive Electric Power Steering (EPS) :
History Year: 2013 - 2017
Base Year: 2017
Estimated Year: 2018
Forecast Year: 2018 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Automotive Electric Power Steering (EPS) market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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