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.
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, 2017-2022, 2023-2028, ($ millions)
Global Electric Power Steering System (EPS) Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Electric Power Steering System (EPS) companies in 2021 (%)
The global Electric Power Steering System (EPS) market was valued at 29470 million in 2021 and is projected to reach US$ 44960 million by 2028, at a CAGR of 6.2% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
C-EPS Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Electric Power Steering System (EPS) include JTEKT, Bosch, Nexteer Automobile, ZF, NSK, Hitachi Astemo (Showa ), Mobis, Thyssenkrupp and Mando, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
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, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Electric Power Steering System (EPS) Market Segment Percentages, by Type, 2021 (%)
C-EPS
P-EPS
R-EPS
DP-EPS
Global Electric Power Steering System (EPS) Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Electric Power Steering System (EPS) Market Segment Percentages, by Application, 2021 (%)
Passenger Vehicle
Commercial Vehicle
Global Electric Power Steering System (EPS) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Electric Power Steering System (EPS) Market Segment Percentages, By Region and Country, 2021 (%)
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, 2017-2022 (Estimated), ($ millions)
Key companies Electric Power Steering System (EPS) revenues share in global market, 2021 (%)
Key companies Electric Power Steering System (EPS) sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Electric Power Steering System (EPS) sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
JTEKT
Bosch
Nexteer Automobile
ZF
NSK
Hitachi Astemo (Showa )
Mobis
Thyssenkrupp
Mando
CAAS
Zhejiang Shibao
Elite
Yubei (Xinxiang) Power Steering System