Electric Power Steering Market Growth, Demand and Challenges of the Key Industry Players 2032

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Global Electric Power Steering Market Research
and Forecast Report 2024-2032

• Format PDFEXCEL

2023 IMARC All Rights Reserved
2
About IMARC Group

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Report Highlight and Description

• According to the latest report by IMARC Group,
  titled "Electric Power Steering Market Global
  Industry Trends, Share, Size, Growth, Opportunity
  and Forecast 2024-2032," the global electric
  power steering market size reached US 28.3
  Billion in 2023.
• Electric power steering (EPS) is an advanced
  steering system in automotive vehicles that
  replaces traditional hydraulic or mechanical
  steering systems with an electrically assisted
  mechanism. It employs an electric motor that
  eliminates the need for hydraulic fluids or
  direct mechanical linkages. It has a compact
  design, which frees up space in the engine
  compartment and reduces vehicle weight.
• It can adjust the level of steering assistance
  based on driving conditions, vehicle speed, and
  driver input, offering greater flexibility and
  control. It consumes less power compared to
  conventional systems and facilitates improved
  fuel efficiency. It helps reduce the need for
  maintenance and eliminates common issues like
  fluid leaks.
• Request for a PDF sample of this report
  https//www.imarcgroup.com/electric-power-steering
  -market/requestsample

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Report Description

• Global Electric Power Steering Market Trends
• The increasing awareness about the harmful impact
  of vehicular emissions on human and environmental
  health is positively influencing the market.
  Additionally, rising sales of hybrid and electric
  vehicles (H/EVs) are offering a favorable market
  outlook. Furthermore, the implementation of
  stringent global fuel efficiency and emissions
  regulations are encouraging automakers to adopt
  EPS systems.
• EPS reduces the load on the engine, improving
  fuel economy and reducing greenhouse gas
  emissions. Moreover, leading market players are
  investing in research and development (RD)
  activities to introduce more advanced EPS
  systems, including steer-by-wire technology,
  which eliminates the need for a physical
  connection between the steering and wheels.
• Looking forward, the market value is projected to
  reach US 43.8 Billion by 2032, expanding at a
  CAGR of 4.8 during 2024-2032.
• View Report TOC, Figures and Tables
  https//www.imarcgroup.com/electric-power-steering
  -market

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Report Segmentation

• Component Insights
• Steering Column
• Sensors
• Steering Gear
• Mechanical Rack and Pinion
• Electronic Control Unit
• Electric Motor
• Others
• Mechanism Insights
• Rigid EPS
• Collapsible EPS
• Type Insights
• Rack Assist Type (REPS)

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Report Segmentation

• Column Assist Type (CEPS)
• Pinion Assist Type (PEPS)
• Vehicle Type Insights
• Passenger Car
• Commercial Vehicle
• Regional Insights
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

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Competitive Landscape with Key Players

• HELLA GmbH Co. KGaA (Faurecia SE)
• Hycet Technology Co. Ltd (Great Wall Motor
  Company Limited)
• JTEKT Corporation
• Mitsubishi Electric Corporation
• Nexteer Automotive
• NSK LTD
• NXP Semiconductors N.V.
• Robert Bosch GmbH
• ThyssenKrupp AG
• TT Electronics plc
• ZF Friedrichshafen AG

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Key Questions Answered in the Report
9
Key Questions Answered in the Report
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Table of Contents

• 1    Preface2    Scope and Methodology    2.1  
   Objectives of the Study    2.2  
   Stakeholders    2.3    Data Sources       
  2.3.1    Primary Sources        2.3.2  
   Secondary Sources    2.4    Market Estimation 
        2.4.1    Bottom-Up Approach        2.4.2  
   Top-Down Approach    2.5    Forecasting
  Methodology3    Executive Summary4  
   Introduction    4.1    Overview    4.2    Key
  Industry Trends5    Global Electric Power
  Steering Market    5.1    Market Overview   
  5.2    Market Performance    5.3    Impact of
  COVID-19  5.4    Market Forecast
• 6     Market Breakup by Component    6.1  
   Steering Column        6.1.1 Market Trends   
      6.1.2 Market Forecast    6.2    Sensors   
      6.2.1 Market Trends        6.2.2 Market
  Forecast    6.3    Steering Gear        6.3.1
  Market Trends        6.3.2 Market Forecast   
     

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Table of Contents

•     6.4    Mechanical Rack and Pinion       
  6.4.1 Market Trends        6.4.2 Market
  Forecast    6.5    Electronic Control Unit     
    6.5.1 Market Trends        6.5.2 Market
  Forecast    6.6    Electric Motor        6.6.1
  Market Trends        6.6.2 Market Forecast   
  6.7    Others        6.7.1 Market Trends       
  6.7.2 Market Forecast7   Market Breakup by
  Mechanism    7.1    Rigid EPS        7.1.1
  Market Trends        7.1.2 Market Forecast   
  7.2    Collapsible EPS        7.2.1 Market
  Trends        7.2.2 Market Forecast8   Market
  Breakup by Type    8.1    Rack Assist Type
  (REPS)        8.1.1 Market Trends        8.1.2
  Market Forecast    8.2    Colum Assist Type
  (CEPS)        8.2.1 Market Trends        8.2.2
  Market Forecast
• For more information, visit https//www.imarcgrou
  p.com/electric-power-steering-market/toc

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Disclaimer

• 2023 IMARC All Rights Reserved
• This Publication and all its contents unless
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  of International Market Analysis Research and
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  Market Analysis Research and Consulting (IMARC).
• Disclaimer All contents and data of this
  publication, including forecasts, data analysis
  and opinion have been based on information and
  sources believed to be accurate and reliable at
  the time of publishing. International Market
  Analysis Research and Consulting makes no
  representation of warranty of any kind as to the
  accuracy or completeness of any Information
  provided. IMARC accepts no liability whatsoever
  for any loss or damage resulting from opinion,
  errors or inaccuracies if any found this
  publication.
• IMARC, IMARC Group and Global Therapy Insight
  Series are registered trademarks of International
  Market Analysis Research and Consulting. All
  other trademarks used in this publication are
  registered trademarks of their respective
  companies.

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