Analysts’ Viewpoint
Significant growth in the automotive industry and increase in electronic & automation components in vehicles to meet safety & comfort requirements as per the norms suggested by regulatory authorities are driving the electric power steering market expansion. Established players, key manufacturers, and suppliers are forming joint ventures and alliances in order to implement sustainable business strategies.
Development of compact and inexpensive EPS-motor controller unit (MCU) offers lucrative opportunities for manufacturers. Focus of OEMs and companies toward simplifying software integration in EPS-MCU is expected to further propel market development.
Electric power steering (EPS) system helps a driver to effortlessly steer the vehicle. The system uses an electric motor mounted on the steering rack or steering column. The amount of torque, or rotational effort, the driver applies to the steering wheel is measured by sensors mounted to the motor. When determining how much assistance the driver needs to turn the front wheels, the sensors use the information they have collected. Speed of vehicle is the crucial factor in determining the output provided by EPS. Electric power steering (EPS) improves vehicle safety while enhancing handling and steering control by adapting the steering torque to the vehicle speed and providing active torque in dangerous driving scenarios.
Rise in sales of passenger & commercial vehicles across the globe and increase in penetration of electronic components in vehicles are propelling demand for electric power steering. Surge in demand for electric vehicles due to implementation of stringent emission norms is likely to augment global automotive electric power steering market size in the next few years. Advanced computational capability and specialized peripherals offered by automotive MCUs are driving demand for sophisticated car electric steering control operations.
Electric power steering system in a vehicle provides several benefits such as easy steer control, comfortable driving, power efficiency, and better fuel economy. The electric motor only draws power when needed. This eliminates conventional hydraulic fluid maintenance requirements. An electric power steering (EPS) enables any advanced driver assistance systems (ADAS) that involves turning the wheels without steering input from the driver. Features such as lane-keep assist, automated parking & lane changes, and ability to guide the car around obstacles utilize EPS's ability to steer itself when necessary. Therefore, adoption of EPS is increasing exponentially due to rise in vehicle sales.
Electric power steering systems are common in vehicles. However, these systems have a few shortcomings. Early EPS systems lacked the steering feel, or feedback from the road, which let drivers understand how the car was behaving, unlike classic hydraulic systems. Manufacturers have essentially fixed this problem, making the difference between the feel of electric and hydraulic power steering very negligible.
The global automotive electric power steering market is projected to be driven by usage of more advanced electric components in vehicles to enhance safety features. In order to enhance the quality and driving experience of vehicles, automakers are incorporating electric systems and components into their designs. Manufacturers are incorporating several electronic devices and systems to enhance the efficiency of vehicles and track the working of all major components in order to monitor faults in an effective manner. Electric power steering system penetration is likely to increase during the forecast period owing to several benefits over hydraulic power steering such as low maintenance cost and improved fuel efficiency.
In terms of motor assist, the column assist segment accounted for largest global automotive electric power steering market share in 2022. This is ascribed to high penetration of column assist in passenger vehicles. Furthermore, rise in passenger vehicle sales across the globe is projected to propel demand for column assist power steering systems in vehicles.
Based on technology, the EPS with ADAS segment is anticipated to dominate the global market during the projection period. Increase in trend of connected, autonomous, shared and electric (CASE) mobility and other allied technologies in automobile industry; and rise in penetration of autonomy levels, which include lane departure warning system, vehicle cruise control, and blind spot detection system, are likely to increase penetration of EPS with ADAS technologies in vehicles.
As per automotive electric power steering market forecast, Europe is projected to lead the global market during the forecast period. This is ascribed to higher sales of electric cars in the region. The market in the region is expected to be driven by presence of leading automotive companies in Germany, France, Italy, and the U.K. Presence of a number of OEM and tier-1 suppliers with cutting-edge electric power steering R&D capabilities is propelling the automobile electric power steering market in Europe.
The automotive electric power steering market in Asia Pacific is expected to grow at a rapid pace during the forecast period. This is ascribed to rapidly expanding manufacturing sector and stronger growth of automobile industry, where China is leading the mobility industry. Asia Pacific is at the forefront of supplying electric vehicles and components. Furthermore, consistent increase in EV sales in China, India, and ASEAN countries is likely to offer lucrative opportunities for market players. Increase in popularity of advanced safety features and comfortable ride experience is likely to bolster market development in Asia Pacific.
The market in North America is projected to grow at a rapid pace during the forecast period. This is ascribed to stronger sales of SUVs and light commercial vehicles than passenger cars. Manufacturers are increasing emphasis on embracing automation in automobile applications to create highly effective, safer and superior in-vehicle eco-system. This in turn is expected to accelerate market expansion in North America.
The global industry is fragmented, with the presence of large number of manufacturers controlling the market share. Expansion of product portfolio and merger & acquisition are the major strategies adopted by key players. Prominent players in the global market are DENSO Corporation, Robert Bosch GmbH, Sona Koyo Steering Systems Ltd., ZF Friedrichshafen AG, GKN plc, JTEKT Corporation, NSK Ltd., China Automotive Systems, Inc., Delphi Technologies, SHOWA Corporation, Hyundai Mobis, Mitsubishi Electric Corporation, Thyssenkrupp Business Area Components Technology, Mando Corp., Global Steering Systems, Zhejiang Shibao Company Limited, TRIDEC, and Hitachi Astemo, Ltd.
Key players have been profiled in the automotive electric power steering market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.
Attribute |
Detail |
Size Value in 2021 |
US$ 27.5 Bn |
Forecast (Value) in 2031 |
US$ 43.0 Bn |
Growth Rate (CAGR) |
5.0% |
Forecast Period |
2023–2031 |
Historical Data Available for |
2017–2022 |
Quantitative Units |
US$ Bn for Value and Million Units for Volume |
Market Analysis |
It includes segment analysis as well as regional level analysis. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis. |
Competition Landscape |
|
Format |
Electronic (PDF) + Excel |
Segmentation |
|
Regions Covered |
|
Countries Covered |
|
Companies Profile |
|
Customization Scope |
Available upon request |
Pricing |
Available upon request |
The global market was valued at US$ 27.5 Bn in 2022.
The CAGR is projected to be 5.0% from 2023 to 2031.
The global industry is anticipated to reach a value of US$ 43.0 Bn in 2031.
Advancement in ADAS & steering control technology and shift toward entirely electric powered vehicles.
Based on motor assist, the column assist segment dominated the industry in 2021.
Europe is the most lucrative market for automotive electric power steering.
Leading players in the global automotive electric power steering market are JTEKT Corporation, DENSO Corporation, Sona Koyo Steering Systems Ltd., ZF Friedrichshafen AG, GKN plc, Robert Bosch GmbH, NSK Ltd., Mitsubishi Electric Corporation, China Automotive Systems, Inc., Delphi Technologies, Hyundai Mobis, Thyssenkrupp Business Area Components Technology, SHOWA Corporation, Mando Corp., Global Steering Systems, Zhejiang Shibao Company Limited, TRIDEC, and Hitachi Astemo, Ltd.
1. Executive Summary
1.1. Global Market Outlook
1.1.1. Market Size, volume in million units, value in US$ Bn, 2017-2031
1.2. TMR Analysis and Recommendations
1.3. Competitive Dashboard Analysis
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
2.3. Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Opportunity
2.4. Market Factor Analysis
2.4.1. Porter’s Five Force Analysis
2.4.2. SWOT Analysis
2.5. Regulatory Scenario
2.6. Key Trend Analysis
2.7. Value Chain Analysis
2.7.1. List of Key Manufacturers
2.7.2. List of Customers
2.7.3. Level of Integration
2.8. Cost Structure Analysis
2.9. Profit Margin Analysis
3. Technology Roadmap for Automotive Electric Power Steering System
4. Analysis on Market Share Distribution between Electronic Power Steering (EPS), Hydraulic Power Steering (HPS), and Electric Power Hydraulic Steering (EPHS)
5. Global Automotive Electric Power Steering Market, by Motor Assist
5.1. Market Snapshot
5.1.1. Introduction, Definition, and Key Findings
5.1.2. Market Growth & Y-o-Y Projections
5.1.3. Base Point Share Analysis
5.2. Global Automotive Electric Power Steering Market Size & Forecast, by Motor Assist, 2017–2031,
5.2.1. Column Assist
5.2.2. Pinion Assist
5.2.3. Rack Assist
6. Global Automotive Electric Power Steering Market, by Technology
6.1. Market Snapshot
6.1.1. Introduction, Definition, and Key Findings
6.1.2. Market Growth & Y-o-Y Projections
6.1.3. Base Point Share Analysis
6.2. Global Automotive Electric Power Steering Market Size & Forecast, by Technology, 2017-2031
6.2.1. Conventional EPS
6.2.2. EPS with ADAS
7. Global Automotive Electric Power Steering Market, by Component
7.1. Market Snapshot
7.1.1. Introduction, Definition, and Key Findings
7.1.2. Market Growth & Y-o-Y Projections
7.1.3. Base Point Share Analysis
7.2. Global Automotive Electric Power Steering Market Size & Forecast, by Component, 2017-2031
7.2.1. EPS Control Module
7.2.2. Electric Motor
7.2.3. Rack & Pinion
7.2.4. Steering Column
8. Global Automotive Electric Power Steering Market, by Vehicle Type
8.1. Market Snapshot
8.1.1. Introduction, Definition, and Key Findings
8.1.2. Market Growth & Y-o-Y Projections
8.1.3. Base Point Share Analysis
8.2. Global Automotive Electric Power Steering Market Size & Forecast, by Vehicle Type, 2017-2031
8.2.1. Passenger Vehicles
8.2.1.1. Hatchback
8.2.1.2. Sedan
8.2.1.3. Utility Vehicles
8.2.2. Light Commercial Vehicles
8.2.3. Heavy Duty Trucks
8.2.4. Buses & Coaches
9. Global Automotive Electric Power Steering Market, by Region
9.1. Market Snapshot
9.1.1. Introduction, Definition, and Key Findings
9.1.2. Market Growth & Y-o-Y Projections
9.1.3. Base Point Share Analysis
9.2. Global Automotive Electric Power Steering Market Size & Forecast, by Region, 2017-2031
9.2.1. North America
9.2.2. Europe
9.2.3. Asia Pacific
9.2.4. Middle East & Africa
9.2.5. South America
10. North America Automotive Electric Power Steering Market
10.1. Market Snapshot
10.2. Automotive Electric Power Steering Market Size & Forecast, by Motor Assist, 2017-2031
10.2.1. Column Assist
10.2.2. Pinion Assist
10.2.3. Rack Assist
10.3. Automotive Electric Power Steering Market Size & Forecast, 2017-2031, By Technology
10.3.1. Conventional EPS
10.3.2. EPS with ADAS
10.4. Automotive Electric Power Steering Market Size & Forecast, by Component, 2017-2031
10.4.1. EPS Control Module
10.4.2. Electric Motor
10.4.3. Rack & Pinion
10.4.4. Steering Column
10.5. Automotive Electric Power Steering Market Size & Forecast, by Vehicle Type, 2017-2031
10.5.1. Passenger Vehicles
10.5.1.1. Hatchback
10.5.1.2. Sedan
10.5.1.3. Utility Vehicles
10.5.2. Light Commercial Vehicles
10.5.3. Heavy Duty Trucks
10.5.4. Buses & Coaches
10.6. Key Country Analysis – North America Automotive Electric Power Steering Market Size & Forecast, 2017-2031
10.6.1. The U. S.
10.6.2. Canada
10.6.3. Mexico
11. Europe Automotive Electric Power Steering Market
11.1. Market Snapshot
11.2. Automotive Electric Power Steering Market Size & Forecast, by Motor Assist, 2017-2031
11.2.1. Column Assist
11.2.2. Pinion Assist
11.2.3. Rack Assist
11.3. Automotive Electric Power Steering Market Size & Forecast, by Technology, 2017-2031
11.3.1. Conventional EPS
11.3.2. EPS with ADAS
11.4. Automotive Electric Power Steering Market Size & Forecast, by Component, 2017-2031
11.4.1. EPS Control Module
11.4.2. Electric Motor
11.4.3. Rack & Pinion
11.4.4. Steering Column
11.5. Automotive Electric Power Steering Market Size & Forecast, by Vehicle Type, 2017-2031
11.5.1. Passenger Vehicles
11.5.1.1. Hatchback
11.5.1.2. Sedan
11.5.1.3. Utility Vehicles
11.5.2. Light Commercial Vehicles
11.5.3. Heavy Duty Trucks
11.5.4. Buses & Coaches
11.6. Key Country Analysis - Europe Automotive Electric Power Steering Market Size & Forecast, by Country/Sub-region, 2017-2031
11.6.1. Germany
11.6.2. U. K.
11.6.3. France
11.6.4. Italy
11.6.5. Spain
11.6.6. Nordic Countries
11.6.7. Russia & CIS
11.6.8. Rest of Europe
12. Asia Pacific Automotive Electric Power Steering Market
12.1. Market Snapshot
12.2. Automotive Electric Power Steering Market Size & Forecast, by Motor Assist, 2017-2031
12.2.1. Column Assist
12.2.2. Pinion Assist
12.2.3. Rack Assist
12.3. Automotive Electric Power Steering Market Size & Forecast, by Technology, 2017-2031
12.3.1. Conventional EPS
12.3.2. EPS with ADAS
12.4. Automotive Electric Power Steering Market Size & Forecast, by Component, 2017-2031
12.4.1. EPS Control Module
12.4.2. Electric Motor
12.4.3. Rack & Pinion
12.4.4. Steering Column
12.5. Automotive Electric Power Steering Market Size & Forecast, by Vehicle Type, 2017-2031
12.5.1. Passenger Vehicles
12.5.1.1. Hatchback
12.5.1.2. Sedan
12.5.1.3. Utility Vehicles
12.5.2. Light Commercial Vehicles
12.5.3. Heavy Duty Trucks
12.5.4. Buses & Coaches
12.6. Key Country Analysis - Asia Pacific Automotive Electric Power Steering Market Size & Forecast, by Country/Sub-region, 2017-2031
12.6.1. China
12.6.2. India
12.6.3. Japan
12.6.4. ASEAN Countries
12.6.5. South Korea
12.6.6. ANZ
12.6.7. Rest of Asia Pacific
13. Middle East & Africa Automotive Electric Power Steering Market
13.1. Market Snapshot
13.2. Automotive Electric Power Steering Market Size & Forecast, by Motor Assist, 2017-2031
13.2.1. Column Assist
13.2.2. Pinion Assist
13.2.3. Rack Assist
13.3. Automotive Electric Power Steering Market Size & Forecast, by Technology, 2017-2031
13.3.1. Conventional EPS
13.3.2. EPS with ADAS
13.4. Automotive Electric Power Steering Market Size & Forecast, by Component, 2017-2031
13.4.1. EPS Control Module
13.4.2. Electric Motor
13.4.3. Rack & Pinion
13.4.4. Steering Column
13.5. Automotive Electric Power Steering Market Size & Forecast, by Vehicle Type, 2017-2031
13.5.1. Passenger Vehicles
13.5.1.1. Hatchback
13.5.1.2. Sedan
13.5.1.3. Utility Vehicles
13.5.2. Light Commercial Vehicles
13.5.3. Heavy Duty Trucks
13.5.4. Buses & Coaches
13.6. Key Country Analysis - Middle East & Africa Automotive Electric Power Steering Market Size & Forecast, by Country/Sub-region, 2017-2031
13.6.1. GCC
13.6.2. South Africa
13.6.3. Turkey
13.6.4. Rest of Middle East & Africa
14. South America Automotive Electric Power Steering Market
14.1. Market Snapshot
14.2. Automotive Electric Power Steering Market Size & Forecast, by Motor Assist, 2017-2031
14.2.1. Column Assist
14.2.2. Pinion Assist
14.2.3. Rack Assist
14.3. Automotive Electric Power Steering Market Size & Forecast, by Technology, 2017-2031
14.3.1. Conventional EPS
14.3.2. EPS with ADAS
14.4. Automotive Electric Power Steering Market Size & Forecast, by Component, 2017-2031
14.4.1. EPS Control Module
14.4.2. Electric Motor
14.4.3. Rack & Pinion
14.4.4. Steering Column
14.5. Automotive Electric Power Steering Market Size & Forecast, by Vehicle Type, 2017-2031
14.5.1. Passenger Vehicles
14.5.1.1. Hatchback
14.5.1.2. Sedan
14.5.1.3. Utility Vehicles
14.5.2. Light Commercial Vehicles
14.5.3. Heavy Duty Trucks
14.5.4. Buses & Coaches
14.6. Key Country Analysis - South America Automotive Electric Power Steering Market Size & Forecast, 2017-2031
14.6.1. Brazil
14.6.2. Argentina
14.6.3. Rest of South America
15. Competitive Landscape
15.1. Company Share Analysis/ Brand Share Analysis, 2022
15.2. Company Analysis for each player (Company Overview, Company Footprints, Production Locations, Product Portfolio, Competitors & Customers, Subsidiaries & Parent Organization, Recent Developments, Financial Analysis, Profitability, Revenue Share)
16. Company Profile/ Key Players
16.1. JTEKT Corporation
16.1.1. Company Overview
16.1.2. Company Footprints
16.1.3. Production Locations
16.1.4. Product Portfolio
16.1.5. Competitors & Customers
16.1.6. Subsidiaries & Parent Organization
16.1.7. Recent Developments
16.1.8. Financial Analysis
16.1.9. Profitability
16.1.10. Revenue Share
16.2. DENSO Corporation
16.2.1. Company Overview
16.2.2. Company Footprints
16.2.3. Production Locations
16.2.4. Product Portfolio
16.2.5. Competitors & Customers
16.2.6. Subsidiaries & Parent Organization
16.2.7. Recent Developments
16.2.8. Financial Analysis
16.2.9. Profitability
16.2.10. Revenue Share
16.3. Sona Koyo Steering Systems Ltd.
16.3.1. Company Overview
16.3.2. Company Footprints
16.3.3. Production Locations
16.3.4. Product Portfolio
16.3.5. Competitors & Customers
16.3.6. Subsidiaries & Parent Organization
16.3.7. Recent Developments
16.3.8. Financial Analysis
16.3.9. Profitability
16.3.10. Revenue Share
16.4. ZF Friedrichshafen
16.4.1. Company Overview
16.4.2. Company Footprints
16.4.3. Production Locations
16.4.4. Product Portfolio
16.4.5. Competitors & Customers
16.4.6. Subsidiaries & Parent Organization
16.4.7. Recent Developments
16.4.8. Financial Analysis
16.4.9. Profitability
16.4.10. Revenue Share
16.5. GKN plc.
16.5.1. Company Overview
16.5.2. Company Footprints
16.5.3. Production Locations
16.5.4. Product Portfolio
16.5.5. Competitors & Customers
16.5.6. Subsidiaries & Parent Organization
16.5.7. Recent Developments
16.5.8. Financial Analysis
16.5.9. Profitability
16.5.10. Revenue Share
16.6. Robert Bosch GmbH
16.6.1. Company Overview
16.6.2. Company Footprints
16.6.3. Production Locations
16.6.4. Product Portfolio
16.6.5. Competitors & Customers
16.6.6. Subsidiaries & Parent Organization
16.6.7. Recent Developments
16.6.8. Financial Analysis
16.6.9. Profitability
16.6.10. Revenue Share
16.7. NSK Ltd.
16.7.1. Company Overview
16.7.2. Company Footprints
16.7.3. Production Locations
16.7.4. Product Portfolio
16.7.5. Competitors & Customers
16.7.6. Subsidiaries & Parent Organization
16.7.7. Recent Developments
16.7.8. Financial Analysis
16.7.9. Profitability
16.7.10. Revenue Share
16.8. Mitsubishi Electric Corporation
16.8.1. Company Overview
16.8.2. Company Footprints
16.8.3. Production Locations
16.8.4. Product Portfolio
16.8.5. Competitors & Customers
16.8.6. Subsidiaries & Parent Organization
16.8.7. Recent Developments
16.8.8. Financial Analysis
16.8.9. Profitability
16.8.10. Revenue Share
16.9. China Automotive Systems, Inc.
16.9.1. Company Overview
16.9.2. Company Footprints
16.9.3. Production Locations
16.9.4. Product Portfolio
16.9.5. Competitors & Customers
16.9.6. Subsidiaries & Parent Organization
16.9.7. Recent Developments
16.9.8. Financial Analysis
16.9.9. Profitability
16.9.10. Revenue Share
16.10. Delphi Technologies
16.10.1. Company Overview
16.10.2. Company Footprints
16.10.3. Production Locations
16.10.4. Product Portfolio
16.10.5. Competitors & Customers
16.10.6. Subsidiaries & Parent Organization
16.10.7. Recent Developments
16.10.8. Financial Analysis
16.10.9. Profitability
16.10.10. Revenue Share
16.11. Hyundai Mobis
16.11.1. Company Overview
16.11.2. Company Footprints
16.11.3. Production Locations
16.11.4. Product Portfolio
16.11.5. Competitors & Customers
16.11.6. Subsidiaries & Parent Organization
16.11.7. Recent Developments
16.11.8. Financial Analysis
16.11.9. Profitability
16.11.10. Revenue Share
16.12. Thyssenkrupp
16.12.1. Company Overview
16.12.2. Company Footprints
16.12.3. Production Locations
16.12.4. Product Portfolio
16.12.5. Competitors & Customers
16.12.6. Subsidiaries & Parent Organization
16.12.7. Recent Developments
16.12.8. Financial Analysis
16.12.9. Profitability
16.12.10. Revenue Share
16.13. SHOWA Corporation
16.13.1. Company Overview
16.13.2. Company Footprints
16.13.3. Production Locations
16.13.4. Product Portfolio
16.13.5. Competitors & Customers
16.13.6. Subsidiaries & Parent Organization
16.13.7. Recent Developments
16.13.8. Financial Analysis
16.13.9. Profitability
16.13.10. Revenue Share
16.14. Mando Corp.
16.14.1. Company Overview
16.14.2. Company Footprints
16.14.3. Production Locations
16.14.4. Product Portfolio
16.14.5. Competitors & Customers
16.14.6. Subsidiaries & Parent Organization
16.14.7. Recent Developments
16.14.8. Financial Analysis
16.14.9. Profitability
16.14.10. Revenue Share
16.15. Global Steering Systems
16.15.1. Company Overview
16.15.2. Company Footprints
16.15.3. Production Locations
16.15.4. Product Portfolio
16.15.5. Competitors & Customers
16.15.6. Subsidiaries & Parent Organization
16.15.7. Recent Developments
16.15.8. Financial Analysis
16.15.9. Profitability
16.15.10. Revenue Share
16.16. Zhejiang Shibao Company Limited
16.16.1. Company Overview
16.16.2. Company Footprints
16.16.3. Production Locations
16.16.4. Product Portfolio
16.16.5. Competitors & Customers
16.16.6. Subsidiaries & Parent Organization
16.16.7. Recent Developments
16.16.8. Financial Analysis
16.16.9. Profitability
16.16.10. Revenue Share
16.17. TRIDEC
16.17.1. Company Overview
16.17.2. Company Footprints
16.17.3. Production Locations
16.17.4. Product Portfolio
16.17.5. Competitors & Customers
16.17.6. Subsidiaries & Parent Organization
16.17.7. Recent Developments
16.17.8. Financial Analysis
16.17.9. Profitability
16.17.10. Revenue Share
16.18. Hitachi Automotive Systems
16.18.1. Company Overview
16.18.2. Company Footprints
16.18.3. Production Locations
16.18.4. Product Portfolio
16.18.5. Competitors & Customers
16.18.6. Subsidiaries & Parent Organization
16.18.7. Recent Developments
16.18.8. Financial Analysis
16.18.9. Profitability
16.18.10. Revenue Share
16.19. Others
16.19.1. Company Overview
16.19.2. Company Footprints
16.19.3. Production Locations
16.19.4. Product Portfolio
16.19.5. Competitors & Customers
16.19.6. Subsidiaries & Parent Organization
16.19.7. Recent Developments
16.19.8. Financial Analysis
16.19.9. Profitability
16.19.10. Revenue Share
List of Tables
Table 1: Global Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Motor Assist, 2017-2031
Table 2: Global Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Motor Assist, 2017-2031
Table 3: Global Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Technology, 2017-2031
Table 4: Global Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Technology, 2017-2031
Table 5: Global Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Component, 2017-2031
Table 6: Global Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Component, 2017-2031
Table 7: Global Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Table 8: Global Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031
Table 9: Global Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Region, 2017-2031
Table 10: Global Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Region, 2017-2031
Table 11: North America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Motor Assist, 2017-2031
Table 12: North America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Motor Assist, 2017-2031
Table 13: North America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Technology, 2017-2031
Table 14: North America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Technology, 2017-2031
Table 15: North America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Component, 2017-2031
Table 16: North America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Component, 2017-2031
Table 17: North America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Table 18: North America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031
Table 19: North America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Country, 2017-2031
Table 20: North America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Country, 2017-2031
Table 21: Europe Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Motor Assist, 2017-2031
Table 22: Europe Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Motor Assist, 2017-2031
Table 23: Europe Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Technology, 2017-2031
Table 24: Europe Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Technology, 2017-2031
Table 25: Europe Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Component, 2017-2031
Table 26: Europe Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Component, 2017-2031
Table 27: Europe Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Table 28: Europe Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031
Table 29: Europe Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Country/Sub-region, 2017-2031
Table 30: Europe Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Country/Sub-region, 2017-2031
Table 31: Asia Pacific Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Motor Assist, 2017-2031
Table 32: Asia Pacific Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Motor Assist, 2017-2031
Table 33: Asia Pacific Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Technology, 2017-2031
Table 34: Asia Pacific Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Technology, 2017-2031
Table 35: Asia Pacific Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Component, 2017-2031
Table 36: Asia Pacific Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Component, 2017-2031
Table 37: Asia Pacific Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Table 38: Asia Pacific Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031
Table 39: Asia Pacific Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Country/Sub-region, 2017-2031
Table 40: Asia Pacific Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Country, 2017-2031
Table 41: Middle East & Africa Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Motor Assist, 2017-2031
Table 42: Middle East & Africa Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Motor Assist, 2017-2031
Table 43: Middle East & Africa Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Technology, 2017-2031
Table 44: Middle East & Africa Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Technology, 2017-2031
Table 45: Middle East & Africa Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Component, 2017-2031
Table 46: Middle East & Africa Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Component, 2017-2031
Table 47: Middle East & Africa Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Table 48: Middle East & Africa Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031
Table 49: Middle East & Africa Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Country/Sub-region, 2017-2031
Table 50: Middle East & Africa Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Country/Sub-region, 2017-2031
Table 51: South America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Motor Assist, 2017-2031
Table 52: South America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Motor Assist, 2017-2031
Table 53: South America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Technology, 2017-2031
Table 54: South America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Technology, 2017-2031
Table 55: South America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Component, 2017-2031
Table 56: South America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Component, 2017-2031
Table 57: South America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Table 58: South America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031
Table 59: South America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Country/Sub-region, 2017-2031
Table 60: South America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Country/Sub-region, 2017-2031
List of Figures
Figure 1: Global Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Motor Assist, 2017-2031
Figure 2: Global Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Motor Assist, 2017-2031
Figure 3: Global Automotive Electric Power Steering Market, Incremental Opportunity, by Motor Assist, Value (US$ Bn), 2023-2031
Figure 4: Global Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Technology, 2017-2031
Figure 5: Global Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Technology, 2017-2031
Figure 6: Global Automotive Electric Power Steering Market, Incremental Opportunity, by Technology, Value (US$ Bn), 2023-2031
Figure 7: Global Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Component, 2017-2031
Figure 8: Global Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Component, 2017-2031
Figure 9: Global Automotive Electric Power Steering Market, Incremental Opportunity, by Component, Value (US$ Bn), 2023-2031
Figure 10: Global Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Figure 11: Global Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031
Figure 12: Global Automotive Electric Power Steering Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2023-2031
Figure 13: Global Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Region, 2017-2031
Figure 14: Global Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Region, 2017-2031
Figure 15: Global Automotive Electric Power Steering Market, Incremental Opportunity, by Region, Value (US$ Bn), 2023-2031
Figure 16: North America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Motor Assist, 2017-2031
Figure 17: North America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Motor Assist, 2017-2031
Figure 18: North America Automotive Electric Power Steering Market, Incremental Opportunity, by Motor Assist, Value (US$ Bn), 2023-2031
Figure 19: North America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Technology, 2017-2031
Figure 20: North America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Technology, 2017-2031
Figure 21: North America Automotive Electric Power Steering Market, Incremental Opportunity, by Technology, Value (US$ Bn), 2023-2031
Figure 22: North America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Component, 2017-2031
Figure 23: North America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Component, 2017-2031
Figure 24: North America Automotive Electric Power Steering Market, Incremental Opportunity, by Component, Value (US$ Bn), 2023-2031
Figure 25: North America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Figure 26: North America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031
Figure 27: North America Automotive Electric Power Steering Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2023-2031
Figure 28: North America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Country, 2017-2031
Figure 29: North America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Country, 2017-2031
Figure 30: North America Automotive Electric Power Steering Market, Incremental Opportunity, by Country, Value (US$ Bn), 2023-2031
Figure 31: Europe Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Motor Assist, 2017-2031
Figure 32: Europe Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Motor Assist, 2017-2031
Figure 33: Europe Automotive Electric Power Steering Market, Incremental Opportunity, by Motor Assist, Value (US$ Bn), 2023-2031
Figure 34: Europe Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Technology, 2017-2031
Figure 35: Europe Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Technology, 2017-2031
Figure 36: Europe Automotive Electric Power Steering Market, Incremental Opportunity, by Technology, Value (US$ Bn), 2023-2031
Figure 37: Europe Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Component, 2017-2031
Figure 38: Europe Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Component, 2017-2031
Figure 39: Europe Automotive Electric Power Steering Market, Incremental Opportunity, by Component, Value (US$ Bn), 2023-2031
Figure 40: Europe Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Figure 41: Europe Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031
Figure 42: Europe Automotive Electric Power Steering Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2023-2031
Figure 43: Europe Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Country/Sub-region, 2017-2031
Figure 44: Europe Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Country/Sub-region, 2017-2031
Figure 45: Europe Automotive Electric Power Steering Market, Incremental Opportunity, by Country, Value (US$ Bn), 2023-2031
Figure 46: Asia Pacific Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Motor Assist, 2017-2031
Figure 47: Asia Pacific Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Motor Assist, 2017-2031
Figure 48: Asia Pacific Automotive Electric Power Steering Market, Incremental Opportunity, by Motor Assist, Value (US$ Bn), 2023-2031
Figure 49: Asia Pacific Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Technology, 2017-2031
Figure 50: Asia Pacific Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Technology, 2017-2031
Figure 51: Asia Pacific Automotive Electric Power Steering Market, Incremental Opportunity, by Technology, Value (US$ Bn), 2023-2031
Figure 52: Asia Pacific Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Component, 2017-2031
Figure 53: Asia Pacific Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Component, 2017-2031
Figure 54: Asia Pacific Automotive Electric Power Steering Market, Incremental Opportunity, by Component, Value (US$ Bn), 2023-2031
Figure 55: Asia Pacific Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Figure 56: Asia Pacific Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031
Figure 57: Asia Pacific Automotive Electric Power Steering Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2023-2031
Figure 58: Asia Pacific Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Country/Sub-region, 2017-2031
Figure 59: Asia Pacific Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Country/Sub-region, 2017-2031
Figure 60: Asia Pacific Automotive Electric Power Steering Market, Incremental Opportunity, by Country, Value (US$ Bn), 2023-2031
Figure 61: Middle East & Africa Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Motor Assist, 2017-2031
Figure 62: Middle East & Africa Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Motor Assist, 2017-2031
Figure 63: Middle East & Africa Automotive Electric Power Steering Market, Incremental Opportunity, by Motor Assist, Value (US$ Bn), 2023-2031
Figure 64: Middle East & Africa Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Technology, 2017-2031
Figure 65: Middle East & Africa Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Technology, 2017-2031
Figure 66: Middle East & Africa Automotive Electric Power Steering Market, Incremental Opportunity, by Technology, Value (US$ Bn), 2023-2031
Figure 67: Middle East & Africa Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Component, 2017-2031
Figure 68: Middle East & Africa Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Component, 2017-2031
Figure 69: Middle East & Africa Automotive Electric Power Steering Market, Incremental Opportunity, by Component, Value (US$ Bn), 2023-2031
Figure 70: Middle East & Africa Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Figure 71: Middle East & Africa Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031
Figure 72: Middle East & Africa Automotive Electric Power Steering Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2023-2031
Figure 73: Middle East & Africa Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Country/Sub-region, 2017-2031
Figure 74: Middle East & Africa Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Country/Sub-region, 2017-2031
Figure 75: Middle East & Africa Automotive Electric Power Steering Market, Incremental Opportunity, by Country, Value (US$ Bn), 2023-2031
Figure 76: South America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Motor Assist, 2017-2031
Figure 77: South America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Motor Assist, 2017-2031
Figure 78: South America Automotive Electric Power Steering Market, Incremental Opportunity, by Motor Assist, Value (US$ Bn), 2023-2031
Figure 79: South America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Technology, 2017-2031
Figure 80: South America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Technology, 2017-2031
Figure 81: South America Automotive Electric Power Steering Market, Incremental Opportunity, by Technology, Value (US$ Bn), 2023-2031
Figure 82: South America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Component, 2017-2031
Figure 83: South America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Component, 2017-2031
Figure 84: South America Automotive Electric Power Steering Market, Incremental Opportunity, by Component, Value (US$ Bn), 2023-2031
Figure 85: South America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031
Figure 86: South America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031
Figure 87: South America Automotive Electric Power Steering Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2023-2031
Figure 88: South America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Country, 2017-2031
Figure 89: South America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Country/Sub-region, 2017-2031
Figure 90: South America Automotive Electric Power Steering Market, Incremental Opportunity, by Country/Sub-region, Value (US$ Bn), 2023-2031