The global Electric Power Steering System (EPS) market was valued at US$ 17100 million in 2022 and is projected to reach US$ 20380 million by 2029, at a CAGR of 2.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The global key producers of electric power steering system(EPS) are JTEKT, Bosch, Nexteer, ZF, NSK, Hitachi Astemo (Showa), Hyundai Mobis, and others. The top five producers have a total market share of 80%, with the largest producer being JTEKT with a 30% share. Global origins are mainly located in North America, Europe, China, Japan, etc., with China being the largest production region with a market share of 35%. In terms of product categories, C-EPS has the largest market share with 40%, followed by P-EPS and DP-EPS with 35% and 15% respectively. In terms of applications, passenger cars hold more than 90% of the market share, while commercial vehicles account for only 8%.
Automotive Electronic Power Steering is a very popular steering system, a power steering system that directly relies on the motor to provide auxiliary torque; Currently, most of the vehicle are installed the electronic power steering system, and the electronic power steering system can reduce about 5% fuel consumption.
This report aims to provide a comprehensive presentation of the global market for Electric Power Steering System (EPS), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electric Power Steering System (EPS). This report contains market size and forecasts of Electric Power Steering System (EPS) in global, including the following market information:
Global Electric Power Steering System (EPS) Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Electric Power Steering System (EPS) Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Electric Power Steering System (EPS) companies in 2022 (%)
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Electric Power Steering System (EPS) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Electric Power Steering System (EPS) Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Electric Power Steering System (EPS) Market Segment Percentages, by Type, 2022 (%)
C-EPS
P-EPS
DP-EPS
R-EPS
Global Electric Power Steering System (EPS) Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Electric Power Steering System (EPS) Market Segment Percentages, by Application, 2022 (%)
Passenger Car
Commercial Vehicle
Global Electric Power Steering System (EPS) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Electric Power Steering System (EPS) Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Electric Power Steering System (EPS) revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Electric Power Steering System (EPS) revenues share in global market, 2022 (%)
Key companies Electric Power Steering System (EPS) sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Electric Power Steering System (EPS) sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
JTEKT
Bosch
Nexteer
ZF
NSK
Hitachi Astemo (Showa)
Hyundai Mobis
Thyssenkrupp
Mando
CAAS
Zhuzhou Elite
Yubei
Zhejiang Shibao
Outline of Major Chapters:
Chapter 1: Introduces the definition of Electric Power Steering System (EPS), market overview.
Chapter 2: Global Electric Power Steering System (EPS) market size in revenue and volume.
Chapter 3: Detailed analysis of Electric Power Steering System (EPS) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Electric Power Steering System (EPS) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: 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 8: Global Electric Power Steering System (EPS) capacity by region & country.
Chapter 9: 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 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
1 Introduction to Research & Analysis Reports
1.1 Electric Power Steering System (EPS) Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Electric Power Steering System (EPS) Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Electric Power Steering System (EPS) Overall Market Size
2.1 Global Electric Power Steering System (EPS) Market Size: 2022 VS 2029
2.2 Global Electric Power Steering System (EPS) Revenue, Prospects & Forecasts: 2018-2029
2.3 Global Electric Power Steering System (EPS) Sales: 2018-2029
3 Company Landscape
3.1 Top Electric Power Steering System (EPS) Players in Global Market
3.2 Top Global Electric Power Steering System (EPS) Companies Ranked by Revenue
3.3 Global Electric Power Steering System (EPS) Revenue by Companies
3.4 Global Electric Power Steering System (EPS) Sales by Companies
3.5 Global Electric Power Steering System (EPS) Price by Manufacturer (2018-2023)
3.6 Top 3 and Top 5 Electric Power Steering System (EPS) Companies in Global Market, by Revenue in 2022
3.7 Global Manufacturers Electric Power Steering System (EPS) Product Type
3.8 Tier 1, Tier 2 and Tier 3 Electric Power Steering System (EPS) Players in Global Market
3.8.1 List of Global Tier 1 Electric Power Steering System (EPS) Companies
3.8.2 List of Global Tier 2 and Tier 3 Electric Power Steering System (EPS) Companies
4 Sights by Product
4.1 Overview
4.1.1 By Type - Global Electric Power Steering System (EPS) Market Size Markets, 2022 & 2029
4.1.2 C-EPS
4.1.3 P-EPS
4.1.4 DP-EPS
4.1.5 R-EPS
4.2 By Type - Global Electric Power Steering System (EPS) Revenue & Forecasts
4.2.1 By Type - Global Electric Power Steering System (EPS) Revenue, 2018-2023
4.2.2 By Type - Global Electric Power Steering System (EPS) Revenue, 2024-2029
4.2.3 By Type - Global Electric Power Steering System (EPS) Revenue Market Share, 2018-2029
4.3 By Type - Global Electric Power Steering System (EPS) Sales & Forecasts
4.3.1 By Type - Global Electric Power Steering System (EPS) Sales, 2018-2023
4.3.2 By Type - Global Electric Power Steering System (EPS) Sales, 2024-2029
4.3.3 By Type - Global Electric Power Steering System (EPS) Sales Market Share, 2018-2029
4.4 By Type - Global Electric Power Steering System (EPS) Price (Manufacturers Selling Prices), 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Electric Power Steering System (EPS) Market Size, 2022 & 2029
5.1.2 Passenger Car
5.1.3 Commercial Vehicle
5.2 By Application - Global Electric Power Steering System (EPS) Revenue & Forecasts
5.2.1 By Application - Global Electric Power Steering System (EPS) Revenue, 2018-2023
5.2.2 By Application - Global Electric Power Steering System (EPS) Revenue, 2024-2029
5.2.3 By Application - Global Electric Power Steering System (EPS) Revenue Market Share, 2018-2029
5.3 By Application - Global Electric Power Steering System (EPS) Sales & Forecasts
5.3.1 By Application - Global Electric Power Steering System (EPS) Sales, 2018-2023
5.3.2 By Application - Global Electric Power Steering System (EPS) Sales, 2024-2029
5.3.3 By Application - Global Electric Power Steering System (EPS) Sales Market Share, 2018-2029
5.4 By Application - Global Electric Power Steering System (EPS) Price (Manufacturers Selling Prices), 2018-2029
6 Sights by Region
6.1 By Region - Global Electric Power Steering System (EPS) Market Size, 2022 & 2029
6.2 By Region - Global Electric Power Steering System (EPS) Revenue & Forecasts
6.2.1 By Region - Global Electric Power Steering System (EPS) Revenue, 2018-2023
6.2.2 By Region - Global Electric Power Steering System (EPS) Revenue, 2024-2029
6.2.3 By Region - Global Electric Power Steering System (EPS) Revenue Market Share, 2018-2029
6.3 By Region - Global Electric Power Steering System (EPS) Sales & Forecasts
6.3.1 By Region - Global Electric Power Steering System (EPS) Sales, 2018-2023
6.3.2 By Region - Global Electric Power Steering System (EPS) Sales, 2024-2029
6.3.3 By Region - Global Electric Power Steering System (EPS) Sales Market Share, 2018-2029
6.4 North America
6.4.1 By Country - North America Electric Power Steering System (EPS) Revenue, 2018-2029
6.4.2 By Country - North America Electric Power Steering System (EPS) Sales, 2018-2029
6.4.3 US Electric Power Steering System (EPS) Market Size, 2018-2029
6.4.4 Canada Electric Power Steering System (EPS) Market Size, 2018-2029
6.4.5 Mexico Electric Power Steering System (EPS) Market Size, 2018-2029
6.5 Europe
6.5.1 By Country - Europe Electric Power Steering System (EPS) Revenue, 2018-2029
6.5.2 By Country - Europe Electric Power Steering System (EPS) Sales, 2018-2029
6.5.3 Germany Electric Power Steering System (EPS) Market Size, 2018-2029
6.5.4 France Electric Power Steering System (EPS) Market Size, 2018-2029
6.5.5 U.K. Electric Power Steering System (EPS) Market Size, 2018-2029
6.5.6 Italy Electric Power Steering System (EPS) Market Size, 2018-2029
6.5.7 Russia Electric Power Steering System (EPS) Market Size, 2018-2029
6.5.8 Nordic Countries Electric Power Steering System (EPS) Market Size, 2018-2029
6.5.9 Benelux Electric Power Steering System (EPS) Market Size, 2018-2029
6.6 Asia
6.6.1 By Region - Asia Electric Power Steering System (EPS) Revenue, 2018-2029
6.6.2 By Region - Asia Electric Power Steering System (EPS) Sales, 2018-2029
6.6.3 China Electric Power Steering System (EPS) Market Size, 2018-2029
6.6.4 Japan Electric Power Steering System (EPS) Market Size, 2018-2029
6.6.5 South Korea Electric Power Steering System (EPS) Market Size, 2018-2029
6.6.6 Southeast Asia Electric Power Steering System (EPS) Market Size, 2018-2029
6.6.7 India Electric Power Steering System (EPS) Market Size, 2018-2029
6.7 South America
6.7.1 By Country - South America Electric Power Steering System (EPS) Revenue, 2018-2029
6.7.2 By Country - South America Electric Power Steering System (EPS) Sales, 2018-2029
6.7.3 Brazil Electric Power Steering System (EPS) Market Size, 2018-2029
6.7.4 Argentina Electric Power Steering System (EPS) Market Size, 2018-2029
6.8 Middle East & Africa
6.8.1 By Country - Middle East & Africa Electric Power Steering System (EPS) Revenue, 2018-2029
6.8.2 By Country - Middle East & Africa Electric Power Steering System (EPS) Sales, 2018-2029
6.8.3 Turkey Electric Power Steering System (EPS) Market Size, 2018-2029
6.8.4 Israel Electric Power Steering System (EPS) Market Size, 2018-2029
6.8.5 Saudi Arabia Electric Power Steering System (EPS) Market Size, 2018-2029
6.8.6 UAE Electric Power Steering System (EPS) Market Size, 2018-2029
7 Manufacturers & Brands Profiles
7.1 JTEKT
7.1.1 JTEKT Company Summary
7.1.2 JTEKT Business Overview
7.1.3 JTEKT Electric Power Steering System (EPS) Major Product Offerings
7.1.4 JTEKT Electric Power Steering System (EPS) Sales and Revenue in Global (2018-2023)
7.1.5 JTEKT Key News & Latest Developments
7.2 Bosch
7.2.1 Bosch Company Summary
7.2.2 Bosch Business Overview
7.2.3 Bosch Electric Power Steering System (EPS) Major Product Offerings
7.2.4 Bosch Electric Power Steering System (EPS) Sales and Revenue in Global (2018-2023)
7.2.5 Bosch Key News & Latest Developments
7.3 Nexteer
7.3.1 Nexteer Company Summary
7.3.2 Nexteer Business Overview
7.3.3 Nexteer Electric Power Steering System (EPS) Major Product Offerings
7.3.4 Nexteer Electric Power Steering System (EPS) Sales and Revenue in Global (2018-2023)
7.3.5 Nexteer Key News & Latest Developments
7.4 ZF
7.4.1 ZF Company Summary
7.4.2 ZF Business Overview
7.4.3 ZF Electric Power Steering System (EPS) Major Product Offerings
7.4.4 ZF Electric Power Steering System (EPS) Sales and Revenue in Global (2018-2023)
7.4.5 ZF Key News & Latest Developments
7.5 NSK
7.5.1 NSK Company Summary
7.5.2 NSK Business Overview
7.5.3 NSK Electric Power Steering System (EPS) Major Product Offerings
7.5.4 NSK Electric Power Steering System (EPS) Sales and Revenue in Global (2018-2023)
7.5.5 NSK Key News & Latest Developments
7.6 Hitachi Astemo (Showa)
7.6.1 Hitachi Astemo (Showa) Company Summary
7.6.2 Hitachi Astemo (Showa) Business Overview
7.6.3 Hitachi Astemo (Showa) Electric Power Steering System (EPS) Major Product Offerings
7.6.4 Hitachi Astemo (Showa) Electric Power Steering System (EPS) Sales and Revenue in Global (2018-2023)
7.6.5 Hitachi Astemo (Showa) Key News & Latest Developments
7.7 Hyundai Mobis
7.7.1 Hyundai Mobis Company Summary
7.7.2 Hyundai Mobis Business Overview
7.7.3 Hyundai Mobis Electric Power Steering System (EPS) Major Product Offerings
7.7.4 Hyundai Mobis Electric Power Steering System (EPS) Sales and Revenue in Global (2018-2023)
7.7.5 Hyundai Mobis Key News & Latest Developments
7.8 Thyssenkrupp
7.8.1 Thyssenkrupp Company Summary
7.8.2 Thyssenkrupp Business Overview
7.8.3 Thyssenkrupp Electric Power Steering System (EPS) Major Product Offerings
7.8.4 Thyssenkrupp Electric Power Steering System (EPS) Sales and Revenue in Global (2018-2023)
7.8.5 Thyssenkrupp Key News & Latest Developments
7.9 Mando
7.9.1 Mando Company Summary
7.9.2 Mando Business Overview
7.9.3 Mando Electric Power Steering System (EPS) Major Product Offerings
7.9.4 Mando Electric Power Steering System (EPS) Sales and Revenue in Global (2018-2023)
7.9.5 Mando Key News & Latest Developments
7.10 CAAS
7.10.1 CAAS Company Summary
7.10.2 CAAS Business Overview
7.10.3 CAAS Electric Power Steering System (EPS) Major Product Offerings
7.10.4 CAAS Electric Power Steering System (EPS) Sales and Revenue in Global (2018-2023)
7.10.5 CAAS Key News & Latest Developments
7.11 Zhuzhou Elite
7.11.1 Zhuzhou Elite Company Summary
7.11.2 Zhuzhou Elite Electric Power Steering System (EPS) Business Overview
7.11.3 Zhuzhou Elite Electric Power Steering System (EPS) Major Product Offerings
7.11.4 Zhuzhou Elite Electric Power Steering System (EPS) Sales and Revenue in Global (2018-2023)
7.11.5 Zhuzhou Elite Key News & Latest Developments
7.12 Yubei
7.12.1 Yubei Company Summary
7.12.2 Yubei Electric Power Steering System (EPS) Business Overview
7.12.3 Yubei Electric Power Steering System (EPS) Major Product Offerings
7.12.4 Yubei Electric Power Steering System (EPS) Sales and Revenue in Global (2018-2023)
7.12.5 Yubei Key News & Latest Developments
7.13 Zhejiang Shibao
7.13.1 Zhejiang Shibao Company Summary
7.13.2 Zhejiang Shibao Electric Power Steering System (EPS) Business Overview
7.13.3 Zhejiang Shibao Electric Power Steering System (EPS) Major Product Offerings
7.13.4 Zhejiang Shibao Electric Power Steering System (EPS) Sales and Revenue in Global (2018-2023)
7.13.5 Zhejiang Shibao Key News & Latest Developments
8 Global Electric Power Steering System (EPS) Production Capacity, Analysis
8.1 Global Electric Power Steering System (EPS) Production Capacity, 2018-2029
8.2 Electric Power Steering System (EPS) Production Capacity of Key Manufacturers in Global Market
8.3 Global Electric Power Steering System (EPS) Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
9.1 Market Opportunities & Trends
9.2 Market Drivers
9.3 Market Restraints
10 Electric Power Steering System (EPS) Supply Chain Analysis
10.1 Electric Power Steering System (EPS) Industry Value Chain
10.2 Electric Power Steering System (EPS) Upstream Market
10.3 Electric Power Steering System (EPS) Downstream and Clients
10.4 Marketing Channels Analysis
10.4.1 Marketing Channels
10.4.2 Electric Power Steering System (EPS) Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
12.1 Note
12.2 Examples of Clients
12.3 Disclaimer
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