Automotive Electric Power Steering Market Research Report - Forecast to 2023

Automotive Electric Power Steering Market Research Report - Forecast to 2023

ID: MRFR/AM/4288-HCRR | October, 2018 | Region: Global | 100 pages | Half-Cooked Research Reports

Automotive Electric Power Steering Market Information by Type (Pinion, Rack, Column), Component (Bearing, Rack & Pinion, Electric Motor, Steering - Wheel, Gear, Column), Mechanism (Collapsible, Rigid), Fuel, Vehicle, and Region – Global Forecast to 2023.


Market Scenario:


The automotive industry has been using traditional hydraulic pressure, provided by a pump, driven by the engine. This pump would constantly run, using the generated engine power, thus, placing an adverse load on the engine. This pump would continue running even when the steering wheel isn’t operated, adversely affecting the vehicle fuel consumption. With electric power steering mechanism, the engine load is utilized to guide the driver only when the steering wheel is turned, in either direction, thereby, decreasing the fuel consumption. The drag or thrust is still exerted on the engine but actually occurs only when the steering movement is performed, thereby improving the engine efficiency drastically.


There are many factors that are responsible for the growth of automotive electric power steering market. Firstly, customers over the world seek technically superior automobiles with high-end features, economical cost, and better safety options. Secondly, automobile makers always try to manufacture cleaner, greener cars with a lesser carbon footprint, which can be achieved by incorporating this system. Thirdly, the consumers desire more peaceful and comfortable driving experience, with a lesser driving effort that can again be achieved using electric power steering system. The global automotive electric power steering market is estimated to grow with a CAGR of approx. 6% (2017 to 2023).


Automotive Electric Power Steering Market by Segmentation:


On the basis of type, the most commonly used electric power steering is the column assist type, since it integrates system electronics and assisting mechanism with the steering column, helping to save crucial space in compact cars. On the basis of component, the one type deciding the performance of the steering wheel assembly is the electric motor. Higher the motor efficiency, better is the conversion of steering rotation into wheel movement, thus requiring lesser effort. On the basis of mechanism, the collapsible variety is more preferred, owing to reduced chances of serious injuries to passengers. On the basis of fuel used, petrol and diesel-powered cars use electric power steering technology, extensively. However, electric powered vehicles and hybrids generally adapt better to the electric power steering technology, owing to the better integration of this system with the automobile functionality.


   Automotive Electric Power Steering Market


On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. The North America market (the U.S. and Canada, in particular), has shown a healthy upward trend in the research & development and adoption of self-driving cars. The electric power steering mechanism aids the smooth movement of these self-driving automobiles, thus, having a strong growth prospect in this market. The Asia Pacific market is expected to be the next global automotive hub owing to the rising income and purchasing power of the middle class. The electric power steering system can be adopted in all segments of automobiles (high, medium, and low), thus, bringing down the production cost due to mass production. The Europe region has the maximum variety of technologically superior cars where in, the vehicle functioning is further enhanced using this system.


Key Players


The key players in automotive electric power steering market are Delphi Automotive (U.K), Mando Corporation (South Korea), Robert Bosch GmbH (Germany), KSR International Company (Canada), Mitsubishi Electric Corporation (Japan), Showa Corporation (Japan), JTEKT Corporation (Japan), Hitachi Automotive Systems Ltd. (U.S.), Sona Koyo Steering Systems Ltd. (India), Nexteer Automotive (U.S.), Federal-Mogul (U.S.), Hyundai Mobis (South Korea), NSK Ltd. (Japan), TRW Automotive (U.S.), and Thyssenkrupp AG (Germany), among others.


The report for Global Automotive Electric Power Steering Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economic and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Table of Contents



1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat of New Entrants

3.1.2 Bargaining power of buyers

3.1.3 Threat of substitutes

3.1.4 Segment rivalry

3.1.5 Bargaining Power of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

5 Global Automotive Electric Power Steering Market, By Type

5.1 Introduction

5.2 Pinion Assist Type

5.2.1 Market Estimates & Forecast, 2017-2023

5.2.2 Market Estimates & Forecast by Region, 2017-2023

5.3 Rack Assist Type

5.3.1 Market Estimates & Forecast, 2017-2023

5.3.2 Market Estimates & Forecast by Region, 2017-2023

5.4 Column Assist Type

5.4.1 Market Estimates & Forecast, 2017-2023

5.4.2 Market Estimates & Forecast by Region, 2017-2023





6 Global Automotive Electric Power Steering Market, By Component

6.1 Introduction

6.2 Bearing

6.2.1 Market Estimates & Forecast, 2017-2023

6.2.2 Market Estimates & Forecast by Region, 2017-2023

6.3 Rack and Pinion

6.3.1 Market Estimates & Forecast, 2017-2023

6.3.2 Market Estimates & Forecast by Region, 2017-2023

6.4 Electric Motor

6.4.1 Market Estimates & Forecast, 2017-2023

6.4.2 Market Estimates & Forecast by Region, 2017-2023

6.5 Steering Wheel

6.5.1 Market Estimates & Forecast, 2017-2023

6.5.2 Market Estimates & Forecast by Region, 2017-2023

6.6 Steering Gear

6.6.1 Market Estimates & Forecast, 2017-2023

6.6.2 Market Estimates & Forecast by Region, 2017-2023

6.7 Steering Column

6.7.1 Market Estimates & Forecast, 2017-2023

6.7.2 Market Estimates & Forecast by Region, 2017-2023





7 Global Automotive Electric Power Steering Market, By Mechanism

7.1 Introduction

7.2 Collapsible

7.2.1 Market Estimates & Forecast, 2017-2023

7.2.2 Market Estimates & Forecast by Region, 2017-2023

7.3 Rigid

7.3.1 Market Estimates & Forecast, 2017-2023

7.3.2 Market Estimates & Forecast by Region, 2017-2023





8 Global Automotive Electric Power Steering Market, By Type of Fuel Used

8.1 Introduction

8.2 Petrol

8.2.1 Market Estimates & Forecast, 2017-2023

8.2.2 Market Estimates & Forecast by Region, 2017-2023

8.3 Diesel

8.3.1 Market mates & Forecast, 2017-2023

8.3.2 Market Estimates & Forecast by Region, 2017-2023

8.4 BEV

8.4.1 Market mates & Forecast, 2017-2023

8.4.2 Market Estimates & Forecast by Region, 2017-2023

8.5 PHEV

8.5.1 Market Estimates & Forecast, 2017-2023

8.5.2 Market Estimates & Forecast by Region, 2017-2023

8.6 HEV

8.6.1 Market Estimates & Forecast, 2017-2023

8.6.2 Market Estimates & Forecast by Region, 2017-2023



9 Global Automotive Electric Power Steering Market, By Vehicle Type

9.1 Introduction

9.2 Passenger Vehicle

9.2.1 Market Estimates & Forecast, 2017-2023

9.2.2 Market Estimates & Forecast by Region, 2017-2023

9.3 Light Commercial Vehicle (LCV)

9.3.1 Market Estimates & Forecast, 2017-2023

9.3.2 Market Estimates & Forecast by Region, 2017-2023

9.4 Heavy Commercial Vehicle (HCV)

9.4.1 Market Estimates & Forecast, 2017-2023

9.4.2 Market Estimates & Forecast by Region, 2017-2023



10 Global Automotive Electric Power Steering Market, By Region

10.1 Introduction

10.2 North America

10.2.1 Market Estimates & Forecast, 2019-2023

10.2.2 Market Estimates & Forecast by Type, 2019-2023

10.2.3 Market Estimates & Forecast by Component, 2019-2023

10.2.4 Market Estimates & Forecast by Mechanism, 2019-2023

10.2.5 Market Estimates & Forecast by Fuel, 2019-2023

10.2.6 Market Estimates & Forecast by Vehicle Type, 2019-2023



10.2.6 U.S.

10.2.6.1 Market Estimates & Forecast, 2019-2023

10.2.6.2 Market Estimates & Forecast by Type, 2019-2023

10.2.6.3 Market Estimates & Forecast by Component, 2019-2023

10.2.6.4 Market Estimates & Forecast by Mechanism, 2019-2023

10.2.6.5 Market Estimates & Forecast by Fuel, 2019-2023

10.2.6.6 Market Estimates & Forecast by Vehicle Type, 2019-2023

10.2.7 Canada

10.2.7.1 Market Estimates & Forecast, 2019-2023

10.2.7.2 Market Estimates & Forecast by Type, 2019-2023

10.2.7.3 Market Estimates & Forecast by Component, 2019-2023

10.2.7.4 Market Estimates & Forecast by Mechanism, 2019-2023

10.2.7.5 Market Estimates & Forecast by Fuel, 2019-2023

10.2.7.6 Market Estimates & Forecast by Vehicle Type, 2019-2023



10.3 Europe

10.3.1 Market Estimates & Forecast, 2019-2023

10.3.2 Market Estimates & Forecast by Type, 2019-2023

10.3.3 Market Estimates & Forecast by Component, 2019-2023

10.3.4 Market Estimates & Forecast by Mechanism, 2019-2023

10.3.5 Market Estimates & Forecast by Fuel, 2019-2023

10.3.6 Market Estimates & Forecast by Vehicle Type, 2019-2023

10.3.7 SPAIN

10.3.7.1 Market Estimates & Forecast, 2019-2023

10.3.7.2 Market Estimates & Forecast by Type, 2019-2023

10.3.7.3 Market Estimates & Forecast by Component, 2019-2023

10.3.7.4 Market Estimates & Forecast by Mechanism, 2019-2023

10.3.7.5 Market Estimates & Forecast by Fuel, 2019-2023

10.3.7.5 Market Estimates & Forecast by Vehicle Type, 2019-2023

10.3.8 Germany

10.3.8.1 Market Estimates & Forecast, 2019-2023

10.3.8.2 Market Estimates & Forecast by Type, 2019-2023

10.3.8.3 Market Estimates & Forecast by Component, 2019-2023

10.3.8.4 Market Estimates & Forecast by Mechanism, 2019-2023

10.3.8.5 Market Estimates & Forecast by Fuel, 2019-2023

10.3.8.6 Market Estimates & Forecast by Vehicle Type, 2019-2023

10.3.9 Rest of Europe

10.3.9.1 Market Estimates & Forecast, 2019-2023

10.3.9.2 Market Estimates & Forecast by Type, 2019-2023

10.3.9.3 Market Estimates & Forecast by Component, 2019-2023

10.3.9.4 Market Estimates & Forecast by Mechanism, 2019-2023

10.3.9.5 Market Estimates & Forecast by Fuel, 2019-2023

10.3.9.6 Market Estimates & Forecast by Vehicle Type, 2019-2023





10.4 Asia Pacific

10.4.1 Market Estimates & Forecast, 2019-2023

10.4.2 Market Estimates & Forecast by Type, 2019-2023

10.4.3 Market Estimates & Forecast by Component, 2019-2023

10.4.4 Market Estimates & Forecast by Mechanism, 2019-2023

10.4.5 Market Estimates & Forecast by Fuel, 2019-2023

10.4.6 Market Estimates & Forecast by Vehicle Type, 2019-2023



10.4.7 India

10.4.7.1 Market Estimates & Forecast, 2019-2023

10.4.7.2 Market Estimates & Forecast by Type, 2019-2023

10.4.7.3 Market Estimates & Forecast by Component, 2019-2023

10.4.7.4 Market Estimates & Forecast by Mechanism, 2019-2023

10.4.7.5 Market Estimates & Forecast by Fuel, 2019-2023

10.4.7.6 Market Estimates & Forecast by Vehicle Type, 2019-2023



10.4.8 Rest of Asia Pacific

10.4.8.1 Market Estimates & Forecast, 2019-2023

10.4.8.2 Market Estimates & Forecast by Type, 2019-2023

10.4.8.3 Market Estimates & Forecast by Component, 2019-2023

10.4.8.4 Market Estimates & Forecast by Mechanism, 2019-2023

10.4.8.5 Market Estimates & Forecast by Fuel, 2019-2023

10.4.8.6 Market Estimates & Forecast by Vehicle Type, 2019-2023



10.5 Rest of the World

10.5.1 Market Estimates & Forecast, 2019-2023

10.5.2 Market Estimates & Forecast by Type, 2019-2023

10.5.3 Market Estimates & Forecast by Component, 2019-2023

10.5.4 Market Estimates & Forecast by Mechanism, 2019-2023

10.5.5 Market Estimates & Forecast by Fuel, 2019-2023

10.5.6 Market Estimates & Forecast by Vehicle Type, 2019-2023





11 Competitive Landscape

12 Company Profile

12.1 Delphi Automotive (U.K)

12.1.1 Company Overview

12.1.2 Products/Services Offering

12.1.3 Financial Overview

12.1.4 Key Developments

12.1.5 Strategy

12.1.6 SWOT Analysis

12.2 Mando Corporation (South Korea)

12.2.1 Company Overview

12.2.2 Products/Services Offering

12.2.3 Financial Overview

12.2.4 Key Developments

12.2.5 Strategy

12.2.6 SWOT Analysis



12.3 Robert Bosch GmbH (Germany)

12.3.1 Company Overview

12.3.2 Products/Services Offering

12.3.3 Financial Overview

12.3.4 Key Developments

12.3.5 Strategy

12.3.6 SWOT Analysis



12.4 KSR International Company (Canada)

12.4.1 Company Overview

12.4.2 Products/Services Offering

12.4.3 Financial Overview

12.4.4 Key Developments

12.4.5 Strategy

12.4.6 SWOT Analysis



12.5 Mitsubishi Electric Corporation (Japan)

12.5.1 Company Overview

12.5.2 Products/Services Offering

12.5.3 Financial Overview

12.5.4 Key Developments

12.5.5 Strategy

12.5.6 SWOT Analysis



12.6 Showa Corporation (Japan)

12.6.1 Company Overview

12.6.2 Products/Services Offering

12.6.3 Financial Overview

12.6.4 Key Developments

12.6.5 Strategy

12.6.6 SWOT Analysis



12.7 JTEKT Corporation (Japan)

12.7.1 Company Overview

12.7.2 Products/Services Offering

12.7.3 Financial Overview

12.7.4 Key Developments

12.7.5 Strategy

12.7.6 SWOT Analysis



12.8 Hitachi Automotive Systems Ltd. (U.S.)

12.8.1 Company Overview

12.8.2 Products/Services Offering

12.8.3 Financial Overview

12.8.4 Key Developments

12.8.5 Strategy

12.8.6 SWOT Analysis



12.9 Sona Koyo Steering Systems Ltd. (India)

12.9.1 Company Overview

12.9.2 Products/Services Offering

12.9.3 Financial Overview

12.9.4 Key Developments

12.9.5 Strategy

12.9.6 SWOT Analysis



12.10 Nexteer Automotive (US)

12.10.1 Company Overview

12.10.2 Products/Services Offering

12.10.3 Financial Overview

12.10.4 Key Developments

12.10.5 Strategy

12.10.6 SWOT Analysis



12.11 Federal-Mogul (U.S.)

12.11.1 Company Overview

12.11.2 Products/Services Offering

12.11.3 Financial Overview

12.11.4 Key Developments

12.11.5 Strategy

12.11.6 SWOT Analysis



12.12 Hyundai Mobis (South Korea)

12.12.1 Company Overview

12.12.2 Products/Services Offering

12.12.3 Financial Overview

12.12.4 Key Developments

12.12.5 Strategy

12.12.6 SWOT Analysis



12.13 NSK Ltd. (Japan)

12.13.1 Company Overview

12.13.2 Products/Services Offering

12.13.3 Financial Overview

12.13.4 Key Developments

12.13.5 Strategy

12.13.6 SWOT Analysis



12.14 TRW Automotive (U.S.)

12.14.1 Company Overview

12.14.2 Products/Services Offering

12.14.3 Financial Overview

12.14.4 Key Developments

12.14.5 Strategy

12.14.6 SWOT Analysis



12.15 Thyssenkrupp AG (Germany)

12.15.1 Company Overview

12.15.2 Products/Services Offering

12.15.3 Financial Overview

12.15.4 Key Developments

12.15.5 Strategy

12.15.6 SWOT Analysis



List of Tables



Table 1 Global Automotive Electric Power Steering Market: By Region, 2017-2023

Table 2 North America Automotive Electric Power Steering Market: By Country, 2017-2023

Table 3 Europe Automotive Electric Power Steering Market: By Country, 2017-2023

Table 4 Asia Pacific Automotive Electric Power Steering Market: By Country, 2017-2023

Table 5 RoW Automotive Electric Power Steering Market: By Country, 2017-2023

Table 6 Global Automotive Electric Power Steering Market, By Type, By Regions, 2017-2023

Table 7 North America Automotive Electric Power Steering Market, By Type, By Country, 2017-2023

Table 8 Europe Automotive Electric Power Steering Market, By Type, By Country, 2017-2023

Table 9 Asia Pacific Automotive Electric Power Steering Market by Type, By Country, 2017-2023

Table 10 RoW Automotive Electric Power Steering Market by Type, By Country, 2017-2023

Table 11 Automotive Electric Power Steering by Mechanism Market: By Regions, 2017-2023

Table 12 North America Automotive Electric Power Steering Market by Component: By Country, 2017-2023

Table 13 Europe Automotive Electric Power Steering Market by Component: By Country, 2017-2023

Table 14 Asia Pacific Automotive Electric Power Steering Market by Component: By Country, 2017-2023

Table 15 RoW Automotive Electric Power Steering Market by Component: By Country, 2017-2023

Table 16 Automotive Electric Power Steering by Component Market: By Regions, 2017-2023

Table 17 North America Automotive Electric Power Steering Market by Component: By Country, 2017-2023

Table 18 Europe Automotive Electric Power Steering Market by Component: By Country, 2017-2023

Table 19 Asia Pacific Automotive Electric Power Steering Market by Component: By Country, 2017-2023

Table 20 RoW Automotive Electric Power Steering Market by Component: By Country, 2017-2023



Table 21 Automotive Electric Power Steering by Vehicle Type Market: By Regions, 2017-2023

Table 22 North America Automotive Electric Power Steering Market by Vehicle Type: By Country, 2017-2023

Table 23 Europe Automotive Electric Power Steering Market by Vehicle Type: By Country, 2017-2023

Table 24 Asia Pacific Automotive Electric Power Steering Market by Vehicle Type: By Country, 2017-2023

Table 25 RoW Automotive Electric Power Steering Market by Vehicle Type: By Country, 2017-2023

Table 26 Global Automotive Electric Power Steering Market: By Region, 2017-2023

Table 27 Global Automotive Electric Power Steering Market: By Type, 2017-2023

Table 18 Global Automotive Electric Power Steering Market: By Vehicle Type, 2017-2023

Table 27 Global Automotive Electric Power Steering Market: By Fuel, 2017-2023

Table 18 Global Automotive Electric Power Steering Market: By Mechanism, 2017-2023

Table 19 North America Automotive Electric Power Steering Market, By Country

Table 20 North America Automotive Electric Power Steering Market, By Type

Table 21 North America Automotive Electric Power Steering Market, By Component

Table 20 North America Automotive Electric Power Steering Market, By Mechanism

Table 21 North America Automotive Electric Power Steering Market, By Vehicle Type

Table 22 Europe: Automotive Electric Power Steering Market, By Country

Table 23 Europe: Automotive Electric Power Steering Market, By Mechanism

Table 24 Europe: Automotive Electric Power Steering Market, By Fuel

Table 25 Europe: Automotive Electric Power Steering Market, By Component

Table 26 Europe: Automotive Electric Power Steering Market, By Vehicle Type

Table 27 Asia Pacific: Automotive Electric Power Steering Market, By Country

Table 28 Asia Pacific: Automotive Electric Power Steering Market, By Mechanism

Table 29 Asia Pacific: Automotive Electric Power Steering Market, By Type

Table 30 Asia Pacific: Automotive Electric Power Steering Market, By Mechanism

Table 31 Asia Pacific: Automotive Electric Power Steering Market, By Vehicle Type

Table 32 RoW: Automotive Electric Power Steering Market, By Region

Table 33 RoW Automotive Electric Power Steering Market, By Type

Table 34 RoW Automotive Electric Power Steering Market, By Mechanism

Table 35 RoW Automotive Electric Power Steering Market, By Fuels

Table 36 RoW Automotive Electric Power Steering Market, By Vehicle Type



List of Figures

FIGURE 1 Research Process of MRFR

FIGURE 2 Top down & Bottom up Approach

FIGURE 3 Market Dynamics

FIGURE 4 Impact analysis: market drivers

FIGURE 5 Impact analysis: market restraints

FIGURE 6 Porter’s five forces analysis

FIGURE 7 Value chain analysis

FIGURE 8 Global Automotive Electric Power Steering Market share, By Type, 2016 (%)

FIGURE 9 Global Automotive Electric Power Steering Market, By Type, 2015-2023 (USD MILLION)

FIGURE 10 Global Automotive Electric Power Steering Market share, By Fuels, 2016 (%)

FIGURE 11 Global Automotive Electric Power Steering Market, By Fuels, 2015-2023 (USD MILLION)

FIGURE 12 Global Automotive Electric Power Steering Market share, By Fuels, 2016 (%)

FIGURE 13 Global Automotive Electric Power Steering Market, By Fuels, 2015-2023 (USD MILLION)

FIGURE 14 Global Automotive Electric Power Steering Market share, By Vehicle Type, 2016 (%)

FIGURE 15 Global Automotive Electric Power Steering Market, By Vehicle Type, 2015-2023 (USD MILLION

FIGURE 16 Global Automotive Electric Power Steering Market share (%), BY REGION, 2016

FIGURE 17 Global Automotive Electric Power Steering Market, BY REGION, 2015-2023 (USD MILLION)

FIGURE 18 North America Automotive Electric Power Steering Market share (%), 2016

FIGURE 19 North America Automotive Electric Power Steering Market BY Country, 2015-2023 (USD MILLION)

FIGURE 20 Europe Automotive Electric Power Steering Market share (%), 2016

FIGURE 21 Europe Automotive Electric Power Steering Market BY Country, 2015-2023 (USD MILLION)

FIGURE 22 Asia Pacific Automotive Electric Power Steering Market share (%), 2016

FIGURE 23 Asia Pacific Automotive Electric Power Steering Market BY Country, 2015-2023 (USD MILLION)

FIGURE 24 Rest of the World Automotive Electric Power Steering Market share (%), 2016

FIGURE 25 Rest of the World Automotive Electric Power Steering Market BY Country, 2015-2023 (USD MILLION)