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Automotive Electric Power Steering (EPS) Market Competition by Companies and Countries, Industry Chain Structure, Shares, Supply, Demands, Import/Export Status Forecast to 2021-2024

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January 8, 2021
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Automotive Electric Power Steering (EPS) Market Competition by Companies and Countries, Industry Chain Structure, Shares, Supply, Demands, Import/Export Status Forecast to 2021-2024
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Automotive Electric Power Steering (EPS)

“Automotive Electric Power Steering (EPS) Market” report supplies profound analysis of business gamers, dynamics, and techniques are segmented and sub-segmented to simplify the precise situations of the business. The report additionally covers scope of product market, analysis methodology, Porter’s 5 Pressure evaluation, and Aggressive panorama of business. This report scrutinizes all the important thing elements influencing progress of worldwide Automotive Electrical Energy Steering (EPS) market, together with manufacturing and worth chain evaluation, pricing construction, demand-supply state of affairs, revenue margins.

Get a Pattern Copy of the Report – https://www.industryresearch.co/enquiry/request-sample/14245468

High Gamers Are:

  • Nexteer Automotive
  • Infineon Applied sciences AG
  • JTEKT Company
  • ZF Friedrichshafen AG
  • Robert Bosch GmbH
  • Denso Corp.
  • NSK Ltd
  • Hitachi Automotive Techniques Ltd.
  • Mitsubishi Electrical Company
  • Hyundai Mobis Co. Ltd.
  • GKN PLC
  • Thyssenkrupp Presta AG
  • Mitsubishi Electrical Company
  • Huhei Henglong Auto System Group

    Key Market Developments:

    Steering Motor is Anticipated to Witness the Highest CAGR

    The steering motors section was valued at USD 6.38 billion in 2018 and is anticipated to witness the quickest progress charge in the course of the forecast interval.

    The main distinction between hydraulic energy steering and electrical energy steering is the steering motor. An electrical motor is positioned within the EPS, which eliminates using fluid and different hydraulic parts of hydraulic energy steering, thus, eliminating energy steering leaks, in addition to decreasing the general weight.

    This motor is both mounted on the steering column, the rack, or on the pinion shaft, and will increase gas financial system by as much as 2%, over standard methods. The EPS is powered by an electrical motor, and isn’t depending on the engine for its energy supply. Therefore, the steering expertise isn’t affected when the engine is shut off.

    Between 2016-2017, the beforehand used brushed DC motors utilized in EPS methods have been step by step changed by brushless DC motors. Brushless DC motors confirmed excessive effectivity, much less upkeep, and low electrical noise era over brushed DC motors, because of the lack of brushes.

    Nidec Company, Bosch, Johnson Electrical, Denso Company, and Mitsubishi Electrical are among the main suppliers of motors for EPS methods within the automotive business. Nidec Company expanded its in-vehicle motor manufacturing capability and intends to greater than double shipments of in-vehicle motors to over 100 million within the fiscal 12 months 2020 (ends in March 2021), from 2016, by successful extra orders for EPS motors, its main product.

    The demand for steering motors is more likely to proceed to extend in the course of the forecast interval, as all automakers have began adopting electrical energy steering methods in all their car fashions, and are planning to advance electrical energy steering to steer by wire expertise, over the approaching years.

    Asia-Pacific Dominated the International Market

    In 2018, Asia-Pacific dominated the market and is anticipated to witness the identical pattern within the coming years.

    In Asia-Pacific, China dominated the market, adopted by India and Japan.

    The Chinese language financial system is rising, and the disposable earnings of middle-class shoppers can also be rising. This, in flip, displays positively on the rising demand for automobiles. Over the previous 5 years, owing to low manufacturing prices within the nation, the demand for car manufacturing has gone up drastically. Nevertheless, in 2018, the nation witnessed a decline in car gross sales by 3%, owing to commerce tensions and shaky client confidence. Moreover, business consultants predict an additional decline by 5% in automobiles gross sales in 2019.

    To beat the contraction, the federal government has determined to make use of the slowdown to take away weaker auto producers from the business. Moreover, in January 2019, the federal government unveiled quite a few measures, with an purpose to extend the gross sales of automobiles. Furthermore, the introduction of the brand new power automobiles (NEVs) program is driving automakers within the nation to focus extra on electrical car manufacturing over the approaching years, which, in flip, is anticipated to propel the demand for EPS within the nation.

    India additionally witnessed a downward pattern in car gross sales, owing to uneven monsoons, Kerala floods, poor festive demand, and excessive gas and insurance coverage value. Passenger car gross sales recorded single-digit progress of 5.32% at 33,93,705 models in 2018, in comparison with 32,22,220 models in 2017. Nevertheless, the nation exhibits good potential for automotive EPS enterprise, as automakers in India have step by step began adopting EPS methods of their superior car fashions, and that is anticipated to proceed of their upcoming fashions.

    For Extra Info or Question or Customization Earlier than Shopping for, Go to at – https://www.industryresearch.co/enquiry/pre-order-enquiry/14245468

    Market Overview:

  • The automotive electrical energy steering (EPS) market was valued at USD 24.71 billion, and is anticipated to mission a CAGR of over 12%, in the course of the forecast interval 2019-2024.
  • Among the main elements driving the expansion of the market are the rising demand for high-end or luxurious automobiles, the rising stringency of emission and gas financial system norms, and the rising demand for and gross sales of electrical automobiles the world over. Nevertheless, an increase in car recollects, owing to malfunctioning of sensors or different parts, might hinder the expansion of the market.
  • Electrical methods are considerably gas environment friendly, because of the absence of belt-driven hydraulic or guide pumps, which run always, whether or not help is required or not. EPS supplies gas financial savings as excessive as 0.4 l for each 100 km, together with a discount in CO2 emissions of as much as 7 g/km.
  • Amongst areas, Asia-Pacific dominated the automotive EPS market. Asia-Pacific EPS market is primarily being pushed by rising car manufacturing and gross sales, speedy electrification of automobiles, rising demand for and sale of electrical automobiles, rising stringency of emission norms, and rising disposable earnings of shoppers, which, in flip, are rising the demand for luxurious automobiles, owing to rising desire for security and luxury.

    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Alternatives
    • Market Segmentation – Sorts, Purposes, Areas, and Know-how
    • Market Developments
    • Aggressive Panorama
    • SWOT Evaluation and Porter’s 5 Forces Evaluation

    Scope of the Report:

    Electrical energy steering (EPS) makes use of an electrical motor, as a substitute of a pump, to steer the wheel. The utilization of the pump frequently locations a load on the engine, in flip affecting the gas consumption and efficiency of the car.

    The automotive electrical energy steering (EPS) market has been segmented by part sort and car sort.

    Aggressive Panorama:

    Many of the firms current out there are environment friendly on the technological entrance, however require important help for enhancing their providers and increasing their companies. Thus, mergers and acquisitions provide important alternatives to realize the eye of a lot of suppliers throughout developed areas.

    Buy this Report (Worth 4250 USD for single person license) – https://www.industryresearch.co/purchase/14245468

    Detailed TOC of Automotive Electrical Energy Steering (EPS) Market Report 2024:

    1 INTRODUCTION
    1.1 Examine Deliverables
    1.2 Examine Assumptions
    1.3 Scope of the Examine

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.4 Market Restraints
    4.5 Business Attractiveness – Porter’s 5 Pressure Evaluation
    4.5.1 Menace of New Entrants
    4.5.2 Bargaining Energy of Consumers/Shoppers
    4.5.3 Bargaining Energy of Suppliers
    4.5.4 Menace of Substitute Merchandise
    4.5.5 Depth of Aggressive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Part Sort
    5.1.1 Steering Column
    5.1.2 Sensor
    5.1.3 Steering Motor
    5.1.4 Different Elements
    5.2 By Automobile Sort
    5.2.1 Passenger Vehicles
    5.2.2 Industrial Autos
    5.3 Geography
    5.3.1 North America
    5.3.1.1 US
    5.3.1.2 Canada
    5.3.1.3 Remainder of North America
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 UK
    5.3.2.3 France
    5.3.2.4 Italy
    5.3.2.5 Russia
    5.3.2.6 Remainder of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 China
    5.3.3.2 Japan
    5.3.3.3 India
    5.3.3.4 South Korea
    5.3.3.5 Remainder of Asia-Pacific
    5.3.4 Latin America
    5.3.4.1 Brazil
    5.3.4.2 Argentina
    5.3.4.3 Mexico
    5.3.4.4 Remainder of South America
    5.3.5 Center East & Africa
    5.3.5.1 South Africa
    5.3.5.2 Egypt
    5.3.5.3 United Arab Emirates
    5.3.5.4 Remainder of Center East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Vendor Market Share
    6.2 Mergers & Acquisitions
    6.3 Firm Profiles
    6.3.1 Nexteer Automotive
    6.3.2 Infineon Applied sciences AG
    6.3.3 JTEKT Company
    6.3.4 ZF Friedrichshafen AG
    6.3.5 Robert Bosch GmbH
    6.3.6 Denso Corp.
    6.3.7 NSK Ltd
    6.3.8 Hitachi Automotive Techniques Ltd.
    6.3.9 Mitsubishi Electrical Company
    6.3.10 Hyundai Mobis Co. Ltd.
    6.3.11 GKN PLC
    6.3.12 Thyssenkrupp Presta AG
    6.3.13 Mitsubishi Electrical Company
    6.3.14 Huhei Henglong Auto System Group

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

    8 DISCLAIMER

    Contact Us:

    Identify: Ajay Extra

    Cellphone: US +14242530807/ UK +44 20 3239 8187

    E mail: [email protected]

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