Electro-Hydraulic Power Steering Systems Market Revenue, Status and Outlook 2021 to 2027: Robert Bosch, Delphi Automotive Systems, JTEKT Corporation, NSK, Hitachi Automotiec Systems

The report presents an in-depth assessment of the Electro-Hydraulic Power Steering Systems Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Electro-Hydraulic Power Steering Systems from 2021 till 2027. The report covers the pre COVID-19 historic data, impact of COVID-19 and post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is pointed out.

The Global Electro-Hydraulic Power Steering Systems Market is expected to grow at a CAGR 7.0% during the forecast period (2021 to 2027).

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Electro-Hydraulic Power Steering Systems Market: Robert Bosch, Delphi Automotive Systems, JTEKT Corporation, NSK, Hitachi Automotiec Systems, Infineon Technologies, Mando, Hyundai Mobis, Mitsubishi Electric, Nexteer Automotive, TRW Automotive, GKN, Hafei Industrial, ATS Automation, ZF Friedrichshafen, T and others.

Recent Developments

In October 2020, BorgWarner acquired Delphi Technologies in a USD 3.3 billion stock deal. The deal is expected to strengthen BorgWarner’s electronics and power electronics product portfolio, capabilities, and scale, creating a leader in electrified propulsion.

In May 2020, ZF Friedrichshafen AG acquired WABCO in a USD 7 billion deal. WABCO is now integrated into ZF as its Commercial Vehicle Control Systems Division, and ZF and WABCO will form global integrated systems for commercial vehicle technology. WABCO and ZF had earlier partnered for developing systems such as Evasive Maneuver Assist for collision mitigation in commercial vehicles. WABCO had also been a critical supplier of braking systems to ZF.

In January 2020, JTEKT acquired shares of Yutaka Seimitsu Kogyo Ltd. from Toyota Motor Corporation (Toyota). Yutaka manufactures automotive parts and sells gears for general machines. The aim of the deal is to strengthen the competitiveness of Toyota and JTEKT’s core driveline operations. Going forward, all Yutaka operations related to drive components will be transferred from Toyota to JTEKT.

In June 2019, Nexteer opened its new facility in liudong new district, Liuzhou, China. this new 12,000 square meter plant will provide customers with ceps (column-assist electric power steering) systems, related technologies, and services. the establishment of the new plant will boost Nexteer’s manufacturing capacity in the Asia pacific region to meet the growing demand for electric power steering systems in the Chinese and Asia pacific markets.

In November 2018, NSK Ltd. joint venture, Rane NSK Steering Systems Pvt. Ltd., established a new plant in Gujarat (India) to produce electric power steering (EPS) systems. The plant is spread across 18,000 square meters of land size and has a floor space of 5,200 square meters. The investment is a part of the company’s strategic plan to achieve growth. The company will manufacture 250,000 units of electric power steering annually.

In October 2018, Tenneco acquired Federal-Mogul LLC, a leading global supplier to original equipment manufacturers and the aftermarket. The transaction will result in the creation of two new product-focused companies with strong portfolios. The deal will create synergy between the companies and accelerates long-term value creation.

Regional Insights:

The electric power steering market for Asia Pacific is estimated to grow at the highest CAGR during the forecast period. High volume markets with increased demand for electronic and fuel efficient systems in passenger cars make Asia Pacific the largest and fastest growing market for electric power steering. Also, the existing and upcoming vehicle emission regulations in developing countries will further drive the market growth in the region.

Global Electro-Hydraulic Power Steering Systems Market Split by Product Type and Applications:

This report segments the global Electro-Hydraulic Power Steering Systems market on the basis of Types are:

C-EHPS

P-EHPS

R-EHPS

On the basis of Application, the Global Electro-Hydraulic Power Steering Systems market is segmented into:

Passenger Cars

Commercial Vehicles

Regional Analysis For Electro-Hydraulic Power Steering Systems Market:

North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Influence of the Electro-Hydraulic Power Steering Systems Market Report:
-Comprehensive assessment of all opportunities and risks in the Electro-Hydraulic Power Steering Systems market.
-The detailed study of business strategies for the growth of the Electro-Hydraulic Power Steering Systems market-leading players.
-Conclusive study about the growth plot of the Electro-Hydraulic Power Steering Systems market for forthcoming years.
-In-depth understanding of Electro-Hydraulic Power Steering Systems market-particular drivers, constraints, and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Electro-Hydraulic Power Steering Systems market.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Electro-Hydraulic Power Steering Systems Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, researchers throw light on the pinpoint analysis of Global Electro-Hydraulic Power Steering Systems. It also measures the sustainable trends and platforms which are the basic roots behind the market growth. The degree of competition is also measured in the research report. With the help of SWOT and Porter’s five analysis, the market has been deeply analyzed. It also helps to address the risk and challenges in front of the businesses. Furthermore, it offers extensive research on sales approaches.

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