Press release
Global Electric Power Steering System (EPS) Market Growth and Forecast By Top Players - JTEKT, Bosch, NSK, Nexteer, ZF, Mobis, Showa
This industry study presents the global Electric Power Steering System (EPS) market size, historical breakdown data (2013-2018) and forecast (2018-2025). The Electric Power Steering System (EPS) production, revenue and market share by manufacturers, key regions and type;
The consumption of Electric Power Steering System (EPS) in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders JTEKT, Bosch, etc.
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Automotive Electronic Power Steering System is a very popular steering system, a power steering system that directly relies on the motor to provide auxiliary torque; Currently, most of the vehicle are installed the electronic power steering system, and the electronic power steering system can reduce about 5% fuel consumption.
The global consumption of the automotive electronic power steering system is about 62 million units in 2016, the CAGR is 8%, the Europe is the largest production region, it occupies about26% market share in 2016, the North America occupies about 18% market share, the JP&KR occupies about 18.6% market share, the China occupies about 21.1% market share.
The average price of the automotive electronic power steering system is about 323 usd per unit, the price shows downstream trend, the gross margin is about 21.78% in 2015, it has the similar trend with price.
In the future, the total install ratio will still have increase trend, and it will have great influence on the reduce of fuel consumption.
Global Electric Power Steering System (EPS) market size will reach xx million US$ by 2025, from xx million US$ in 2017, at a CAGR of xx% during the forecast period. In this study, 2017 has been considered as the base year and 2018-2025 as the forecast period to estimate the market size for Electric Power Steering System (EPS).
The following manufacturers are covered in this report:
JTEKT
Bosch
NSK
Nexteer
ZF
Mobis
Showa
Thyssenkrupp
Mando
Electric Power Steering System (EPS) Breakdown Data by Type
C-EPS
P-EPS
R-EPS
Electric Power Steering System (EPS) Breakdown Data by Application
Passenger Vehicle
Commercial Vehicle
Electric Power Steering System (EPS) Production by Region
United States
Europe
China
Japan
South Korea
India
Other Regions
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Electric Power Steering System (EPS) Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Electric Power Steering System (EPS) status and future forecastinvolving, production, revenue, consumption, historical and forecast.
To present the key Electric Power Steering System (EPS) manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Electric Power Steering System (EPS) :
History Year: 2013 - 2017
Base Year: 2017
Estimated Year: 2018
Forecast Year: 2018 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Electric Power Steering System (EPS) market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
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