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.

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.

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

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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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.

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.

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 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.

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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 Overview 

7.    Vietnam 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.    Vietnam Passenger Cars 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 Light 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 Medium & Heavy Commercial Vehicle 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.  Vietnam OTR 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 Component

11.3.              Market Attractiveness Index

12.  Supply Chain Analysis

13.  Market Dynamics

13.1.              Drivers

13.2.              Challenges

14.  Market Trends & Developments

15.  Policy & Regulatory Landscape

16.  Vietnam Economic Profile

17.  Competitive Landscape

17.1.              Competition Outlook

17.2.              Company Profiles (Top 10 Companies)

18. Strategic Recommendation

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