Electric Steering Market Research Report Information By Type (Column Assist EPS, Pinion Assist EPS, and Rack Assist EPS), By Vehicle Type (Passenger Vehicle and Commercial Vehicle), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

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, 2023-2032 (USD MILLION) 27

TABLE 2 ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 27

TABLE 3 ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 31

TABLE 4 ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 31

TABLE 5 ELECTRIC STEERING MARKET, BY REGION, 2023-2032 (USD MILLION) 34

TABLE 6 ELECTRIC STEERING MARKET, BY REGION, 2023-2032 (USD MILLION) 34

TABLE 7 NORTH AMERICA: ELECTRIC STEERING MARKET, BY COUNTRY, 2023-2032 (USD MILLION) 35

TABLE 8 NORTH AMERICA: ELECTRIC STEERING MARKET, BY COUNTRY, 2023-2032 (USD MILLION) 36

TABLE 9 NORTH AMERICA: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 36

TABLE 10 NORTH AMERICA: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 37

TABLE 11 NORTH AMERICA: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 37

TABLE 12 NORTH AMERICA: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 38

TABLE 13 U.S.: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 38

TABLE 14 U.S.: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 39

TABLE 15 U.S.: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 39

TABLE 16 US: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 40

TABLE 17 CANADA: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 40

TABLE 18 CANADA: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 41

TABLE 19 CANADA: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 41

TABLE 20 CANADA: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 42

TABLE 21 MEXICO: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 42

TABLE 22 MEXICO: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 43

TABLE 23 MEXICO: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 43

TABLE 24 MEXICO: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 44

TABLE 25 EUROPE: ELECTRIC STEERING MARKET, BY COUNTRY, 2023-2032 (USD MILLION) 45

TABLE 26 EUROPE: ELECTRIC STEERING MARKET, BY COUNTRY, 2023-2032 (USD MILLION) 45

TABLE 27 EUROPE: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 46

TABLE 28 EUROPE: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 46

TABLE 29 EUROPE: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (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, 2023-2032 (USD MILLION) 48

TABLE 32 GERMANY: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 48

TABLE 33 GERMANY: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 49

TABLE 34 GERMANY: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 49

TABLE 35 UK: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 50

TABLE 36 UK: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 50

TABLE 37 UK: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 51

TABLE 38 UK: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 51

TABLE 39 FRANCE: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 52

TABLE 40 FRANCE: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 52

TABLE 41 FRANCE: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 53

TABLE 42 FRANCE: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 53

TABLE 43 ITALY: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 54

TABLE 44 ITALY: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 54

TABLE 45 ITALY: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 55

TABLE 46 ITALY: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 55

TABLE 47 REST OF EUROPE: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 56

TABLE 48 REST OF EUROPE: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 56

TABLE 49 REST OF EUROPE: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 57

TABLE 50 REST OF EUROPE: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 57

TABLE 51 ASIA-PACIFIC: ELECTRIC STEERING MARKET, BY COUNTRY, 2023-2032 (USD MILLION) 58

TABLE 52 ASIA-PACIFIC: ELECTRIC STEERING MARKET, BY COUNTRY, 2023-2032 (USD MILLION) 59

TABLE 53 ASIA-PACIFIC: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 59

TABLE 54 ASIA-PACIFIC: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 60

TABLE 55 ASIA-PACIFIC: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 60

TABLE 56 ASIA-PACIFIC: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 60

TABLE 57 CHINA: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 61

TABLE 58 CHINA: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 61

TABLE 59 CHINA: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 62

TABLE 60 CHINA: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 62

TABLE 61 JAPAN: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 63

TABLE 62 JAPAN: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 63

TABLE 63 JAPAN: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 64

TABLE 64 JAPAN: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 64

TABLE 65 INDIA: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 65

TABLE 66 INDIA: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 65

TABLE 67 INDIA: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 66

TABLE 68 INDIA: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 66

TABLE 69 REST OF ASIA PACIFIC: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 67

TABLE 70 REST OF ASIA PACIFIC: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 67

TABLE 71 REST OF ASIA PACIFIC: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 68

TABLE 72 REST OF ASIA PACIFIC: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 68

TABLE 73 ROW: ELECTRIC STEERING MARKET, BY COUNTRY, 2023-2032 (USD MILLION) 69

TABLE 74 ROW: ELECTRIC STEERING MARKET, BY COUNTRY, 2023-2032 (USD MILLION) 70

TABLE 75 ROW: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 70

TABLE 76 ROW: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 71

TABLE 77 ROW: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 71

TABLE 78 ROW: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 72

TABLE 79 BRAZIL: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 72

TABLE 80 BRAZIL: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 73

TABLE 81 BRAZIL: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 73

TABLE 82 BRAZIL: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 74

TABLE 83 SAUDI ARABIA: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 74

TABLE 84 SAUDI ARABIA: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION 75

TABLE 85 SAUDI ARABIA: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 75

TABLE 86 SAUDI ARABIA: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 76

TABLE 87 REST OF ROW: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 76

TABLE 88 REST OF ROW: ELECTRIC STEERING MARKET, BY TYPE, 2023-2032 (USD MILLION) 77

TABLE 89 REST OF ROW: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (USD MILLION) 77

TABLE 90 REST OF ROW: ELECTRIC STEERING MARKET, BY VEHICLE TYPE, 2023-2032 (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, 2023 (USD MILLION) 20

FIGURE 6 PRODUCTION OF ELECTRICAL VEHICLES, 2023 (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) ,2023-2032 (USD BILLION) 80

FIGURE 18 JTEKT CORPORATION: GEOGRAPHICAL REVENUE MIX, 2023 (IN %) 81

FIGURE 19 JTEKT CORPORATION: KEY DEVELOPMENTS, 2023-2032 (IN %) 82

FIGURE 20 JTEKT CORPORATION: SWOT ANALYSIS 82

FIGURE 21 ZF TRW AUTOMOTIVE HOLDINGS CORP : NET SALES, 2023-2032 (USD BILLION) 83

FIGURE 22 ZF TRW AUTOMOTIVE HOLDINGS CORP : GEOGRAPHICAL REVENUE MIX, 2023 (IN %) 83

FIGURE 23 ZF TRW AUTOMOTIVE HOLDINGS CORP: KEY DEVELOPMENTS, 2023-2032 (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), 2023-2032 (USD BILLION) 86

FIGURE 26 HYUNDAI MOBIS CO: GEOGRAPHICAL REVENUE MIX ,2023 (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), 2023-2032 (USD BILLION) 88

FIGURE 30 ROBERT BOSCH AUTOMOTIVE STEERING GMBH: GEOGRAPHICAL REVENUE MIX, 2023 (IN %) 88

FIGURE 31 ROBERT BOSCH AUTOMOTIVE STEERING GMBH: KEY DEVELOPMENTS,2023-2032 (IN %) 89

FIGURE 32 ROBERT BOSCH AUTOMOTIVE STEERING GMBH: SWOT ANALYSIS 90

FIGURE 33 THYSSENKRUPP AG: KEY DEVELOPMENTS, 2023-2032(IN %) 91

FIGURE 34 THYSSENKRUPP AG: SWOT ANALYSIS 92

FIGURE 35 NEXTEER AUTOMOTIVE GROUP LIMITED: TOTAL REVENUE VS SEGMENT REVENUE (ELECTRIC POWER STEERING), 2023-2032 (USD MILLION) 93

FIGURE 36 NEXTEER AUTOMOTIVE GROUP LIMITED: GEOGRAPHICAL REVENUE MIX,2023 (IN %) 93

FIGURE 37 NEXTEER AUTOMOTIVE GROUP LIMITED: KEY DEVELOPMENTS, 2023-2032 (IN %) 94

FIGURE 38 SHOWA CORPORATION: NET SALES VS SEGMENT SALES (EPS), 2023 TO 2032 (USD MILLION) 95

FIGURE 39 SHOWA CORPORATION: KEY DEVELOPMENTS2023-2032 (IN %) 96

FIGURE 40 NSK LTD: NET SALES VS SEGMENT SALES (ELECTRIC STEERING-AUTOMOTIVE PRODUCTS), 2023-2032 (USD MILLION) 97

FIGURE 41 NSK LTD: GEOGRAPHICAL REVENUE MIX,2023 (IN %) 97

FIGURE 42 NSK LTD: KEY DEVELOPMENTS 2014 TO 2023 (IN %) 98

FIGURE 43 CHINA AUTOMOTIVE SYSTEM INC.: NET SALES VS SEGMENT SALES (EPS), 2023-2032 (USD MILLION) 100

FIGURE 44 CHINA AUTOMOTIVE SYSTEM INC.: GEOGRAPHICAL REVENE MIX,2023 (IN %) 100

FIGURE 45 CHINA AUTOMOTIVE SYSTEM INC.: KEY DEVELOPMENTS, 2023 TO 2032 (IN %) 101