As on date of publishing, this report will capture the impact assessment of COVID-19 on this market and the same will be considered in our market forecast model. Clients purchasing this report between April and June 2020 will be getting a ‘free’ updated market data excel sheet between July and September 2020 accounting for the impact of COVID-19 on the market in the current year 2020 and forecast.

Global electric power steering market is expected to reach USD 43 Billion by 2025, growing at a CAGR of over 6%, in value terms. The major growth drivers for the market are the growing technological advancements, increasing vehicle sales & production and measures taken by OEMs worldwide to reduce the weight of the vehicle. Increasing number of government norms and mandates related to fuel-efficient technologies is positively impacting the growth of the market.

Global electric power steering market can be segregated based on type, component, vehicle type and mechanism. In terms of regional analysis, APAC is projected to lead the electric power steering market during the forecast period due to growing vehicle production and highest fleet size in countries like China, India, etc. However, North American and European electric power steering markets are expected to grow at a steady pace during the forecast period.

The major player operating in global electric power steering market are Denso Corporation, Mando Corporation, Robert Bosch GMBH, Showa Corporation, JTEKT Corporation, Hyundai Mobis, NSK Ltd, Mitsubishi Corporation, Sona Koyo Steering System, Nexteer, Thyssenkrupp AG. Most of the companies are investing in R&D to develop new products along with advanced technologies to stay strong in the EPS market. Other strategies used by the companies to increase their share in the market include mergers & acquisition and collaboration.

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025F

Objective of the Study:

  • To analyse and forecast the market size of global electric power steering, in terms of value and volume.
  • To classify and forecast global electric power steering based on type, vehicle type, component, mechanism and regional distribution.
  • To identify drivers and challenges for global electric power steering market.
  • to examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global electric power steering market.
  • To conduct the pricing analysis for electric power steering.
  • To identify and analyse the profile of leading players involved in the manufacturing of global electric power steering market.


Click here to download the sample 

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturers across the globe.

TechSci Research calculated the market size of Global Electric Power Steering using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.


Key Target Audience:

  • Electric Power Steering manufacturers
  • Automobile manufacturers
  • Raw material suppliers
  • Electric power steering design companies
  • Distributors and traders
  • Research organizations and consulting companies
  • Research Institutes
  • Industry associations
  • Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Global Electric Power Steering market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Global Electric Power Steering Market, By Type:
    • C-EPS
    • P-EPS
    • R-EPS
  • Global Electric Power Steering Market, By Component:
    • Steering Column
    • Steering Wheel
    • Sensors
    • Electronic Control Unit
    • Electric Motor
    • Bearings Wheat
  • Global Electric Power Steering Market, By Vehicle Type:
    • Passenger Car
    • Medium & Heavy Commercial Vehicles
    • Light Commercial Vehicles
    • Off-the-Road Vehicles
  • Global Electric Power Steering Market, By Mechanism:
    • Collapsible EPS
    • Rigid EPS
  • Global Electric Power Steering Market, By Region:
    • Asia Pacific
      • China
      • India 
      • Japan
      • South Korea
    • Europe & CIS
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East and Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Qatar

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Electric Power Steering.

Available Customizations:

With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com  

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Electric Power Steering Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Product Awareness

5.2.  Product Pricing

5.3.  Product Quality

5.4.  Challenges & Unmet Needs

6.    Global Electric Power Steering Market Overview 

7.    Global Electric Power Steering Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Type (C-EPS, P-EPS and R-EPS)

7.2.2.     By Component (Steering Column, Steering Wheel, Sensors, Electronic Control Unit, Electric Motor and Bearings)

7.2.3.     By Vehicle Type (Passenger Cars, Medium & Heavy Commercial Vehicles, Light Commercial Vehicles and Off-the-Road Vehicles)

7.2.4.     By Mechanism (Collapsible EPS and Rigid EPS)

7.2.5.     By Company

7.2.6.     By Region

7.3.  Market Attractiveness Index

8.    Asia-Pacific Electric Power Steering Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By Vehicle Type

8.2.3.     By Component

8.2.4.     By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.     China Electric Power Steering Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value & Volume

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Type

8.3.1.2.2.             By Vehicle Type

8.3.2.     India Electric Power Steering Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value & Volume

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Type

8.3.2.2.2.             By Vehicle Type

8.3.3.     Japan Electric Power Steering Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value & Volume

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Type

8.3.3.2.2.             By Vehicle Type

8.3.4.     South Korea Electric Power Steering Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value & Volume

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Type

8.3.4.2.2.             By Vehicle Type

9.    Europe & CIS Electric Power Steering Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By Vehicle Type

9.2.3.     By Component

9.2.4.     By Country

9.3.  Europe: Country Analysis

9.3.1.     France Electric Power Steering Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value & Volume

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Type

9.3.1.2.2.             By Vehicle Type

9.3.2.     Germany Electric Power Steering Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value & Volume

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Type

9.3.2.2.2.             By Vehicle Type

9.3.3.     United Kingdom Electric Power Steering Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value & Volume

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Type

9.3.3.2.2.             By Vehicle Type

9.3.4.     Italy Electric Power Steering Market Outlook

9.3.4.1.         Market Size & Forecast

9.3.4.1.1.             By Value & Volume

9.3.4.2.         Market Share & Forecast

9.3.4.2.1.             By Type

9.3.4.2.2.             By Vehicle Type

9.3.5.     Spain Electric Power Steering Market Outlook

9.3.5.1.         Market Size & Forecast

9.3.5.1.1.             By Value & Volume

9.3.5.2.         Market Share & Forecast

9.3.5.2.1.             By Type

9.3.5.2.2.             By Vehicle Type

10.  North America Electric Power Steering Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Type

10.2.2.  By Vehicle Type

10.2.3.  By Component

10.2.4.  By Country

10.3.              North America: Country Analysis

10.3.1.  United States Electric Power Steering Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value & Volume

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Type

10.3.1.2.2.           By Vehicle Type

10.3.2.  Mexico Electric Power Steering Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value & Volume

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Type

10.3.2.2.2.           By Vehicle Type

10.3.3.  Canada Electric Power Steering Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value & Volume

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Type

10.3.3.2.2.           By Vehicle Type

11.  South America Electric Power Steering Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Type

11.2.2.  By Vehicle Type

11.2.3.  By Component

11.2.4.  By Country

11.2.5.  Brazil Electric Power Steering Market Outlook

11.2.5.1.      Market Size & Forecast

11.2.5.1.1.           By Value & Volume

11.2.5.2.      Market Share & Forecast

11.2.5.2.1.           By Type

11.2.5.2.2.           By Vehicle Type

11.2.6.  Argentina Electric Power Steering Market Outlook

11.2.6.1.      Market Size & Forecast

11.2.6.1.1.           By Value & Volume

11.2.6.2.      Market Share & Forecast

11.2.6.2.1.           By Type

11.2.6.2.2.           By Vehicle Type

11.2.7.  Colombia Electric Power Steering Market Outlook

11.2.7.1.      Market Size & Forecast

11.2.7.1.1.           By Value & Volume

11.2.7.2.      Market Share & Forecast

11.2.7.2.1.           By Type

11.2.7.2.2.           By Vehicle Type

12.  Middle East and Africa Electric Power Steering Market Outlook

12.1.              Market Size & Forecast

12.1.1.  By Value & Volume

12.2.              Market Share & Forecast

12.2.1.  By Type

12.2.2.  By Vehicle Type

12.2.3.  By Component

12.2.4.  By Country

12.3.              MEA: Country Analysis

12.3.1.  South Africa Electric Power Steering Market Outlook

12.3.1.1.      Market Size & Forecast

12.3.1.1.1.           By Value & Volume

12.3.1.2.      Market Share & Forecast

12.3.1.2.1.           By Type

12.3.1.2.2.           By Vehicle Type

12.3.2.  Saudi Arabia Electric Power Steering Market Outlook

12.3.2.1.      Market Size & Forecast

12.3.2.1.1.           By Value & Volume

12.3.2.2.      Market Share & Forecast

12.3.2.2.1.           By Type

12.3.2.2.2.           By Vehicle Type

12.3.3.  UAE Electric Power Steering Market Outlook

12.3.3.1.      Market Size & Forecast

12.3.3.1.1.           By Value & Volume

12.3.3.2.      Market Share & Forecast

12.3.3.2.1.           By Type

12.3.3.2.2.           By Vehicle Type

12.3.4.  Qatar Electric Power Steering Market Outlook

12.3.4.1.      Market Size & Forecast

12.3.4.1.1.           By Value & Volume

12.3.4.2.      Market Share & Forecast

12.3.4.2.1.           By Type

12.3.4.2.2.           By Vehicle Type

13.  Supply Chain Analysis

14.  Market Dynamics

14.1.              Drivers

14.2.              Challenges

15.  Market Trends & Developments

16.  Policy & Regulatory Landscape

17.  Competitive Landscape

17.1.              Mando Corporation

17.2.              Robert Bosch GMBH

17.3.              Showa Corporation

17.4.              JTEKT Corporation

17.5.              Hyundai Mobis

17.6.              NSK Ltd

17.7.              Mitsubishi Corporation

17.8.              Sona Koyo Steering System

17.9.              Nexteer

17.10.            Thyssenkrupp AG

18.  Strategic Recommendation

19. About Us & Disclaimer

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com