Report Description

Vietnam Electric Power Steering Market is expected to grow at a robust CAGR over the next five years. The major factors contributing in the growth of the market are growing demand improved safety, comfort and environment performance of vehicles. Based on type, the market is segmented into C-EPS, P-EPS and R-EPS. Rack EPS is projected to be the fastest growing segment of the market due to increasing installation rate of electric power steering in commercial vehicles since R-EPS is mostly used in heavy commercial vehicles. Moreover, measures by manufacturers to reduce complexity & weight of vehicles and growing advancements in technologies further boost the demand for electric power steering market in Vietnam.

Some of the leading players in the Vietnam Electric Power Steering market are Nexteer, Robert Bosch, Hyundai Mobis, Delphi, Mitsubishi Electric, Showa Corporation, ZF, JteKT, GKN, Federal Mogul etc.

Objective of the Study:

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

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across Vietnam. 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 Vietnam.

TechSci Research calculated the market size of Vietnam 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 collaboration service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.




Base Year



Historical Data

2017 – 2020


Estimated Year



Forecast Period

2023 – 2027


Quantitative Units

Revenue in USD Million, Volume in Units and CAGR for 2017-2021 and 2022E-2027F

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Type

·         Component

·         Vehicle Type

·         Mechanism


Regional scope

Central Region, Northern Region, Southern Region


Key companies profiled

Nexteer, Robert Bosch, Hyundai Mobis, Delphi, Mitsubishi Electric, Showa Corporation, ZF, JteKT, GKN, Federal Mogul.


Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.


Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options


Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

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

  • Market, By Type:
    • C-EPS
    • P-EPS
    • R-EPS
  • Market, By Component:
    • Steering Column
    • Steering Wheel
    • Sensors
    • Electronic Control Unit
    • Electric Motor
    • Bearings Wheat
  • Market, By Vehicle Type:
    • Passenger Car
    • Medium & Heavy Commercial Vehicles
    • Light Commercial Vehicles
    • Off-the-Road Vehicles
  • Market, By Mechanism:
    • Collapsible EPS
    • Rigid EPS
  • Market, by Region:
    • North-Vietnam
    • South-Vietnam
    • Central-Vietnam

Competitive Landscape

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

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 [email protected]  

Table of content

1.    Product Overview

2.    Research Methodology

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

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

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

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

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

6.2.4.     By Mechanism (Collapsible EPS and Rigid EPS)

6.2.5.     By Company

6.2.6.     By Region

6.3.  Market Attractiveness Index

7.    Vietnam Passenger Cars 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

7.2.2.     By Component

7.3.  Market Attractiveness Index

8.    Vietnam Light Commercial Vehicle 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 Component

8.3.  Market Attractiveness Index

9.    Vietnam Medium & Heavy Commercial Vehicle 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 Component

9.3.  Market Attractiveness Index

10.  Vietnam OTR 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 Component

10.3.              Market Attractiveness Index

11.  Supply Chain Analysis

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Policy & Regulatory Landscape

15.  Vietnam Economic Profile

16.  Competitive Landscape

16.1.              Competition Outlook

16.2.              Company Profiles (Top 10 Companies)

16.2.1.  Nexteer

16.2.2.  Robert Bosch

16.2.3.  Hyundai Mobis

16.2.4.  Delphi

16.2.5.  Mitsubishi Electric

16.2.6.  Showa Corporation

16.2.7.  ZF

16.2.8.  JteKT

16.2.9.  GKN

16.2.10.                Federal Mogul

 17. Strategic Recommendation

Figures and Tables

Frequently asked questions


High-end investments by automotive manufacturers for technological innovations and increasing demand for safety, comfort and convenience in automobiles are driving the demand for the Vietnam Electric Power Steering Market in the forecast period.


Nexteer, Robert Bosch, Hyundai Mobis, Delphi, Mitsubishi Electric, Showa Corporation, ZF, JteKT, GKN, Federal Mogul are the leading market players in the Vietnam Aerogel Market.


Based on vehicle type, the market is divided into passenger cars, medium & heavy commercial vehicles, light commercial vehicles, and off-the-road vehicles. Passenger cars are expected to account for a significant market share in the forecast period.


Based on type, the market is divided into C-EPS, P-EPS, and R-EPS. C-EPS segment is expected to account for a significant market share in the forecast period.


Srishti Verma

Business Consultant
Press Release

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