Electric Steering Market Research Report - Forecast to 2027

Global Electric Steering Market Information Report, by Vehicle Type (Passenger Vehicle and Commercial Vehicle), Type (Column Assist Electric Power Steering (C-EPS)), Pinion Assist Electric Power Steering (P-EPS), Rack Assist Electric Power Steering (R-EPS)), and by Regions - Global Forecast To 2027

ID: MRFR/AM/1327-CR | April 2018 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill the sample form for updated data

Market Scenario


Electric Power Steering is also known as EPS, uses a motor to assist the driver of the vehicle. Electric steering is increasingly replacing hydraulic steering in the automotive industry. These steering uses electric motor instead and provides increased steering capabilities with less effort, as it removes hose, fluid, drive belt, pulley, and pump. 


The global electric steering market is a very dynamic market and is expected to witness a high growth over the forecast period. The growth of the electric power steering is influenced by the automobile manufacturing sector and the research &development activities by various automotive firms. Furthermore, safety regulations and increase in the demand of automotive sensors, have led to the emergence of Asia-Pacific as the fastest growing region. Increase in the number of electric vehicles has propelled the demand of the market while after-sales services rendered for electric steering parts hinder the growth of the electric steering market.


Sensor is an integral part of the global electric steering market. Sensors detect the motion and torque of the steering column and a computer module applies assistive power through an electric motor coupled directly with either the steering gear or steering column. As per MRFR analysis, the automotive sensor market is estimated to increase by 7.42% (approx.) between 2016 and 2022. The demand for automotive sensor has boosted the electric steering market.


The significantly higher cost of electric steering than the hydraulic steering systems, which are the most widely used alternative, is still a barrier for vehicle manufacturers. This is mainly attributed to the non-completion of the supply chain, and the lack of economies of scale. Also, to develop electric steering solutions, suppliers and OEMs (original equipment manufacturers) need to cooperate, to ensure that the steering systems meet the design and other requirements of the models. This creates a substantial burden on suppliers, owing to their weak research and development.


Regional Analysis


North America is expected to have a saturated market growth due to mature automobile market at CAGR of 6.63% during the forecast period. Factors driving the market include technological advancement and fuel efficiency. The U.S. is leading the market for electric steering after China. There are a number of factors driving the market for such steering are rising industrialization, increased spending on modernization, up gradation of infrastructure and public transport. The market is expected to have a saturated growth during the forecast period. Canada is one of the largest vehicle producers in the world. The auto sector is Canada's biggest contributor to manufacturing Gross Domestic Product (GDP). The Canadian automotive industry produces light and heavy duty vehicles. The high growth in the automobile industry is expected to drive the global electric steering market.


Europe is expected to account for the second-largest share in the global electric steering market. The large customer base and high disposable income of end-users have fuelled the demand for vehicles in the region. The growing European automotive market represents several opportunities for manufacturers of electric steering system and other automotive parts. Germany is expected to account for the second largest share in the global electric steering market. The large customer base and high disposable income and steady economic growth have fuelled the demand of the market.UK is expected to grow at a high rate in the global electric steering market. The car production in U.K. has increase over the last few years, majorly due to economic stability and high skilled workforce. The factors driving the market include technological advancement, large customer base, high fuel efficiency and high disposable income. France is expected to grow at a high rate in the global electric steering market. The automotive industry in France is the biggest contributor to France’s foreign trade balance. Also, the federal government of France has implemented new polices for helping the automobile industry in the country. The factors driving the market include large consumer base, high growth in the automotive industry, steady economic growth and high disposable income.


Asia-Pacific has emerged to be the fastest growing market for electric steering market. This region has largest vehicle production due to increasing population and increasing disposable income. Increasing population, improving per capita income, and improving living standards are driving the market for automotive industries and hence expected to drive the market for electric steering. China accounts for the largest market in the Global Electric steering market. The increasing population, improving per capita income and changing lifestyles are driving the market. The region has largest vehicle production. It is one of the major reasons for biggest market for such steering and gaining highest revenue growth.


Market Segmentation


 Electric Steering Market


Key Players


The key players in the global Electric Steering JTEKT Corporation, Robert Bosch Automotive Steering GmbH, ZF TRW Automotive Holdings Corp., NSK Ltd., Nexteer Automotive Group Limited, Mando Corporation, ThyssenKrupp Ag, Hyundai Mobis Co., Ltd., Showa Corporation, and China Automotive Systems Inc.


Intended Audience



  • Distributor & Supplier companies

  • End Users

  • Consultants and Investment bankers

  • Government as well as Independent Regulatory Authorities


Product Analysis



  • Product matrix which gives a detailed comparison of the market for different recycled product types


Additional Information



  • Regulatory Landscape

  • Pricing Analysis

  • Macroeconomic Indicators


Geographic Analysis



  • Geographical analysis across 15 countries


Company Information



  • Profiling of 10 key market players

  • In-depth analysis including SWOT analysis, and strategy information related to report title

  • Competitive landscape, including emerging trends adopted by major companies


The report for Global Electric Steering Market of Market Research Future comprises 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, technological advancement, macro economical 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.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   6.76% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Vehicle Type and Type
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Electric Steering JTEKT Corporation, Robert Bosch Automotive Steering GmbH, ZF TRW Automotive Holdings Corp., NSK Ltd., Nexteer Automotive Group Limited, Mando Corporation, ThyssenKrupp Ag, Hyundai Mobis Co., Ltd., Showa Corporation, and China Automotive System
  Key Market Opportunities   Increasingly replacing hydraulic steering
  Key Market Drivers   Increased steering capabilities with less effort


Frequently Asked Questions (FAQ) :


Increasing focus on passenger experience, coupled with higher efficiency, is likely to benefit the growth pattern of the electric steering market.

The electric steering market is expected to expand at 6.76% CAGR.

The electric steering market is poised to attain a valuation of 31350 Mn by 2025.

North America electric steering market is anticipated to mark 6.63% CAGR.

Asia Pacific, owing to the rapid developments in the industry, is anticipated to augment at the highest CAGR.

China is anticipated to dominate the global electric steering market.

The key players covered are JTEKT Corporation, ZF TRW Automotive Holdings Corp., NSK Ltd., Robert Bosch Automotive Steering GmbH, Showa Corporation, Nexteer Automotive Group Limited, ThyssenKrupp Ag, Mando Corporation, Hyundai Mobis Co., Ltd., and China Automotive Systems Inc.

1 Introduction

1.1 Definition 12

1.2 Scope Of The Study 12

1.2.1 Research Methodology 12

1.2.2 Assumptions 12

1.3 Limitations 12

1.4 Market Structure 13

2 Research Methodology

2.1 Research Process 14

2.2 Primary Research 15

2.3 Secondary Research 15

2.4 Market Size Estimation 15

2.5 Forecast Model 17

3 Market Dynamics

3.1 Introduction 18

3.2 Drivers 19

3.2.1 Growth In The Automotive Sensor Market 19

3.2.2 Increasing Disposable Income In APAC Region 19

3.3 Restraints 20

3.3.1 Rise In The Cost Of Servicing And Replacement 20

3.4 Opportunities 20

3.4.1 Increase In The Number Of Electric Vehicles 20

4 Market Factor Analysis

4.1 Porter's 5 Forces Analysis 22

4.1.1 Threat Of New Entrants 22

4.1.2 Bargaining Power Of Suppliers 23

4.1.3 Bargaining Power Of Buyers 23

4.1.4 Threat Of Substitute 23

4.1.5 Segment Rivalry 23

4.2 Value Chain Analysis 24

5 Electric Steering Market, By Type

5.1 Overview 26

5.2 Market Size & Analysis, By Types 28

5.2.1 Column Assist Electric Power Steering (C-EPS) 28

5.2.2 Pinion Assist Electric Power Steering (P-EPS) 28

5.2.3 Rack Assist Electric Power Steering (R-EPS) 28

5.2.4 Others 28

6 Electric Steering Market, By Vehicle Type

6.1 Overview 30

6.2 Market Size & Analysis , By Type 30

6.2.1 Passenger Car 30

6.2.2 Commercial Vehicle 30

7 Electric Steering Market, By Region

7.1 Overview 33

7.2 North America 35

7.2.1 U.S. 38

7.2.2 Canada 40

7.2.3 Mexico 42

7.3 Europe 44

7.3.1 Germany 48

7.3.2 U.K. 50

7.3.3 France 52

7.3.4 Italy 54

7.3.5 Rest Of Europe 56

7.4 Asia-Pacific 58

7.4.1 China 61

7.4.2 Japan 63

7.4.3 India 65

7.4.4 Rest Of Asia-Pacific 67

7.5 RoW 69

7.5.1 Brazil 72

7.5.2 Saudi Arabia 74

7.5.3 Rest Of RoW 76

8 Competitive Landscape

9 Company Profile

9.1 JTEKT Corporation 80

9.1.1 Overview 80

9.1.2 Product/Business Segment Overview 81

9.1.3 Strategy 81

9.2 ZF TRW Automotive Holdings Corp 83

9.2.1 Company Overview 83

9.2.2 Product/Business Segment Overview 84

9.2.3 Strategy 84

9.3 Hyundai Mobis Co 86

9.3.1 Company Overview 86

9.3.2 Product/Business Segment Overview 87

9.4 Robert Bosch Automotive Steering GmbH 88

9.4.1 Company Overview 88

9.4.2 Product/Business Segment Overview 89

9.4.3 Strategy 89

9.5 ThyssenKrupp Ag 91

9.5.1 Company Overview 91

9.5.3 Strategy 91

9.6 Nexteer Automotive Group Limited 93

9.6.1 Company Overview 93

9.6.2 Product/Business Segment Overview 94

9.6.3 Strategy 94

9.7 Showa Corporation 95

9.7.1 Company Overview 95

9.7.2 Product/Business Segment Overview 95

9.7.3 Strategy 96

9.8 NSK Ltd 97

9.8.1 Company Overview 97

9.8.2 Product/Business Segment Overview 98

9.8.3 Strategy 98

9.9 Mando Corporation 99

9.9.1 Company Overview 99

9.9.2 Product/Business Segment Overview 99

9.9.3 Strategy 99

9.10 China Automotive Systems Inc. 100

9.10.1 Company Overview 100

9.10.2 Strategy 101

10 List Of Tables

TABLE 1 ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 27

TABLE 2 ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 27

TABLE 3 ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 31

TABLE 4 ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 31

TABLE 5 ELECTRIC STEERING MARKET, BY REGION, 2020-2027 (USD MILLION) 34

TABLE 6 ELECTRIC STEERING MARKET, BY REGION, 2020-2027 (USD MILLION) 34

TABLE 7 NORTH AMERICA: ELECTRIC STEERING MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 35

TABLE 8 NORTH AMERICA: ELECTRIC STEERING MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 36

TABLE 9 NORTH AMERICA: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 36

TABLE 10 NORTH AMERICA: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 37

TABLE 11 NORTH AMERICA: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 37

TABLE 12 NORTH AMERICA: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 38

TABLE 13 U.S.: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 38

TABLE 14 U.S.: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 39

TABLE 15 U.S.: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 39

TABLE 16 US: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 40

TABLE 17 CANADA: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 40

TABLE 18 CANADA: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 41

TABLE 19 CANADA: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 41

TABLE 20 CANADA: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 42

TABLE 21 MEXICO: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 42

TABLE 22 MEXICO: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 43

TABLE 23 MEXICO: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 43

TABLE 24 MEXICO: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 44

TABLE 25 EUROPE: ELECTRIC STEERING MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 45

TABLE 26 EUROPE: ELECTRIC STEERING MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 45

TABLE 27 EUROPE: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 46

TABLE 28 EUROPE: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 46

TABLE 29 EUROPE: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 47

TABLE 30 EUROPE: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2016-2021 (USD MILLION) 47

TABLE 31 GERMANY: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 48

TABLE 32 GERMANY: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 48

TABLE 33 GERMANY: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 49

TABLE 34 GERMANY: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 49

TABLE 35 UK: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 50

TABLE 36 UK: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 50

TABLE 37 UK: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 51

TABLE 38 UK: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 51

TABLE 39 FRANCE: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 52

TABLE 40 FRANCE: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 52

TABLE 41 FRANCE: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 53

TABLE 42 FRANCE: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 53

TABLE 43 ITALY: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 54

TABLE 44 ITALY: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 54

TABLE 45 ITALY: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 55

TABLE 46 ITALY: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 55

TABLE 47 REST OF EUROPE: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 56

TABLE 48 REST OF EUROPE: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 56

TABLE 49 REST OF EUROPE: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 57

TABLE 50 REST OF EUROPE: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 57

TABLE 51 ASIA-PACIFIC: ELECTRIC STEERING MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 58

TABLE 52 ASIA-PACIFIC: ELECTRIC STEERING MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 59

TABLE 53 ASIA-PACIFIC: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 59

TABLE 54 ASIA-PACIFIC: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 60

TABLE 55 ASIA-PACIFIC: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 60

TABLE 56 ASIA-PACIFIC: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 60

TABLE 57 CHINA: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 61

TABLE 58 CHINA: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 61

TABLE 59 CHINA: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 62

TABLE 60 CHINA: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 62

TABLE 61 JAPAN: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 63

TABLE 62 JAPAN: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 63

TABLE 63 JAPAN: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 64

TABLE 64 JAPAN: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 64

TABLE 65 INDIA: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 65

TABLE 66 INDIA: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 65

TABLE 67 INDIA: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 66

TABLE 68 INDIA: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 66

TABLE 69 REST OF ASIA PACIFIC: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 67

TABLE 70 REST OF ASIA PACIFIC: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 67

TABLE 71 REST OF ASIA PACIFIC: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 68

TABLE 72 REST OF ASIA PACIFIC: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 68

TABLE 73 ROW: ELECTRIC STEERING MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 69

TABLE 74 ROW: ELECTRIC STEERING MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 70

TABLE 75 ROW: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 70

TABLE 76 ROW: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 71

TABLE 77 ROW: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 71

TABLE 78 ROW: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 72

TABLE 79 BRAZIL: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 72

TABLE 80 BRAZIL: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 73

TABLE 81 BRAZIL: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 73

TABLE 82 BRAZIL: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 74

TABLE 83 SAUDI ARABIA: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 74

TABLE 84 SAUDI ARABIA: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION 75

TABLE 85 SAUDI ARABIA: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 75

TABLE 86 SAUDI ARABIA: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 76

TABLE 87 REST OF ROW: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 76

TABLE 88 REST OF ROW: ELECTRIC STEERING MARKET, BY TYPE, 2020-2027 (USD MILLION) 77

TABLE 89 REST OF ROW: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 77

TABLE 90 REST OF ROW: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2020-2027 (USD MILLION) 78

11 List Of Figures

FIGURE 1 RESEARCH PROCESS OF MRFR 14

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH 16

FIGURE 3 DRIVERS, RESTRAINTS, AND OPPORTUNITIES OF GLOBAL ELECTRIC STEERING MARKET 18

FIGURE 4 DRIVERS & RESTRAINTS IMPACT ANALYSIS OF GLOBAL ELECTRIC STEERING MARKET 19

FIGURE 5 PRODUCTION OF PASSENGER CARS IN APAC REGION, 2020 (USD MILLION) 20

FIGURE 6 PRODUCTION OF ELECTRICAL VEHICLES, 2020 (IN THOUSAND) 21

FIGURE 7 PORTER'S 5 FORCES ANALYSIS OF GLOBAL ELECTRIC STEERING MARKET 22

FIGURE 8 VALUE CHAIN ANALYSIS OF GLOBAL ELECTRIC STEERING MARKET 24

FIGURE 9 ELECTRIC STEERING MARKET SIZE, BY TYPE (USD MILLION) 26

FIGURE 10 ELECTRIC STEERING MARKET SIZE, BY VEHICLE TYPE (USD MILLION) 30

FIGURE 11 ELECTRIC STEERING MARKET, BY REGION (USD MILLION) 33

FIGURE 12 NORTH AMERICA: ELECTRIC STEERING MARKET SHARE, BY COUNTRY, 2016 (IN %) 35

FIGURE 13 EUROPE: ELECTRIC STEERING MARKET SHARE, BY COUNTRY, 2016 (IN %) 44

FIGURE 14 ASIA-PACIFIC: ELECTRIC STEERING MARKET SHARE, BY COUNTRY, 2016 (IN %) 58

FIGURE 15 ROW: ELECTRIC STEERING MARKET SHARE, BY COUNTRY, 2016 (IN %) 69

FIGURE 16 KEY GROWTH STRATEGIES ADOPTED BY ELECTRIC STEERING MANUFACTURING COMPANIES, 2012-2016 (IN %) 79

FIGURE 17 JTEKT CORPORATION: NET SALES VS ELECTRIC STEERING SALES (SEGMENT) ,2020-2027 (USD BILLION) 80

FIGURE 18 JTEKT CORPORATION: GEOGRAPHICAL REVENUE MIX, 2020 (IN %) 81

FIGURE 19 JTEKT CORPORATION: KEY DEVELOPMENTS, 2020-2027 (IN %) 82

FIGURE 20 JTEKT CORPORATION: SWOT ANALYSIS 82

FIGURE 21 ZF TRW AUTOMOTIVE HOLDINGS CORP : NET SALES, 2020-2027 (USD BILLION) 83

FIGURE 22 ZF TRW AUTOMOTIVE HOLDINGS CORP : GEOGRAPHICAL REVENUE MIX, 2020 (IN %) 83

FIGURE 23 ZF TRW AUTOMOTIVE HOLDINGS CORP: KEY DEVELOPMENTS, 2020-2027 (IN %) 84

FIGURE 24 ZF TRW AUTOMOTIVE HOLDINGS CORP: SWOT ANALYSIS 85

FIGURE 25 HYUNDAI MOBIS CO: NET SALES VS SEGMENT SALES (ELECTRIC STEERING CORE MANUFACTURING PARTS), 2020-2027 (USD BILLION) 86

FIGURE 26 HYUNDAI MOBIS CO: GEOGRAPHICAL REVENUE MIX ,2020 (IN %) 86

FIGURE 27 STRATEGYHYUNDAI MOBIS CO: KEY DEVELOPMENTS, 2013-2014 (IN %) 87

FIGURE 28 HYUNDAI MOBIS CO: SWOT ANALYSIS 87

FIGURE 29 ROBERT BOSCH AUTOMOTIVE STEERING GMBH: NET SALES VS SEGMENT SALES (ELECTRIC STEERING- MOBILITY SOLUTIONS), 2020-2027 (USD BILLION) 88

FIGURE 30 ROBERT BOSCH AUTOMOTIVE STEERING GMBH: GEOGRAPHICAL REVENUE MIX, 2020 (IN %) 88

FIGURE 31 ROBERT BOSCH AUTOMOTIVE STEERING GMBH: KEY DEVELOPMENTS,2020-2027 (IN %) 89

FIGURE 32 ROBERT BOSCH AUTOMOTIVE STEERING GMBH: SWOT ANALYSIS 90

FIGURE 33 THYSSENKRUPP AG: KEY DEVELOPMENTS, 2020-2027(IN %) 91

FIGURE 34 THYSSENKRUPP AG: SWOT ANALYSIS 92

FIGURE 35 NEXTEER AUTOMOTIVE GROUP LIMITED: TOTAL REVENUE VS SEGMENT REVENUE (ELECTRIC POWER STEERING), 2020-2027 (USD MILLION) 93

FIGURE 36 NEXTEER AUTOMOTIVE GROUP LIMITED: GEOGRAPHICAL REVENUE MIX,2020 (IN %) 93

FIGURE 37 NEXTEER AUTOMOTIVE GROUP LIMITED: KEY DEVELOPMENTS, 2020-2027 (IN %) 94

FIGURE 38 SHOWA CORPORATION: NET SALES VS SEGMENT SALES (EPS), 2013 TO 2020 (USD MILLION) 95

FIGURE 39 SHOWA CORPORATION: KEY DEVELOPMENTS2020-2027 (IN %) 96

FIGURE 40 NSK LTD: NET SALES VS SEGMENT SALES (ELECTRIC STEERING-AUTOMOTIVE PRODUCTS), 2020-2027 (USD MILLION) 97

FIGURE 41 NSK LTD: GEOGRAPHICAL REVENUE MIX,2020 (IN %) 97

FIGURE 42 NSK LTD: KEY DEVELOPMENTS 2014 TO 2020 (IN %) 98

FIGURE 43 CHINA AUTOMOTIVE SYSTEM INC.: NET SALES VS SEGMENT SALES (EPS), 2020-2027 (USD MILLION) 100

FIGURE 44 CHINA AUTOMOTIVE SYSTEM INC.: GEOGRAPHICAL REVENE MIX,2020 (IN %) 100

FIGURE 45 CHINA AUTOMOTIVE SYSTEM INC.: KEY DEVELOPMENTS, 2020 TO 2027 (IN %) 101