Electric Power Steering System Market 2018 Global Regions, And Key Players Analysis - Friedrichshafen, Showa Corporation, Mando, ThyssenKrupp, And JTEKT Corporation

Electric Power Steering System Market 2018 Global Forecast To 2023. Global Electric Power Steering System Market Research Report: Information by Type (Passenger Vehicle, Commercial Vehicle), by Component (C-EPS, P- EPS, R- EPS), by Region Global Forecast to 2023.

Companies Covered:

JTEKT Corporation, NSK Ltd., Nexteer Automotive, Hyundai Mobis, Robert Bosch GmbH, ThyssenKrupp AG, ZF Friedrichshafen AG, Showa Corporation and Mando Corporation, Federal-Mogul.

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This MRFR market perspective delivers a complete analysis of the opportunities of electric power steering (EPS) system and its prospects over the next five years, until 2023. All the key parameters that are currently governing the course of the market were gauged thoroughly. The research objective also includes identification of primary growth enablers and threats for the market that are likely to emerge during the assessment period. It also includes risk assessment and evaluation of untapped growth pockets. As a part of the analysis, the report also profiles two major vehicle types (passenger vehicle and commercial vehicle) with EPS system. The report also offers a revenue analysis of EPS component such as C-EPS, P-EPS, and R-EPS. The market has been assessed across five key regions, which include North America, South America, the Middle East & Africa (MEA), Asia Pacific (APAC) and Europe.

The global market for electric power steering system (EPS) is expected to register a compound annual growth rate of 6.41% between 2017 and 2023 to reach a valuation in excess of USD 28,300 Mn. EPS facilitates higher fuel efficiency and easier handling of the vehicle as compared to conventional steering systems. The automotive industry continues to be disrupted by new technological affinities where embracing electric and clean technology is the new normal. Pressure has been mounting on carmakers across the globe to adopt technological solutions that meet energy-efficiency standards. Factors as such are partly driving the adoption of EPS system. Moreover, growth of the automotive sector in fast-developing countries in Asia and Latin America is also providing an impetus to the market. The outlook towards EPS system market remains positive throughout the course of the review period. Incessant advances in the automotive technology coupled with opportunities arising from emerging markets is creating favorable conditions for market participants.

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TABLE OF CONTENTS:

1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1 PORTER’S FIVE FORCES ANALYSIS

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 THREAT OF SUBSTITUTES

3.1.4 SEGMENT RIVALRY

3.1.5 BARGAINING POWER OF BUYERS

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

Continued…

LIST OF TABLES:

TABLE 1 GLOBAL ELECTRIC POWER STEERING SYSTEM MARKET: BY REGION, 2018-2023

TABLE 2 NORTH AMERICA ELECTRIC POWER STEERING SYSTEM MARKET: BY COUNTRY, 2018-2023

TABLE 3 EUROPE ELECTRIC POWER STEERING SYSTEM MARKET: BY COUNTRY, 2018-2023

TABLE 4 ASIA-PACIFIC ELECTRIC POWER STEERING SYSTEM MARKET: BY COUNTRY, 2018-2023

TABLE 5 ROW ELECTRIC POWER STEERING SYSTEM MARKET: BY COUNTRY, 2018-2023

TABLE 6 GLOBAL ELECTRIC POWER STEERING SYSTEM MARKET, BY TYPE, BY REGIONS, 2018-2023

Continued…

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