The global automotive electric power steering market was valued at $38.18 billion in 2021 and is expected to reach $57.18 billion by 2030, growing at a CAGR of 4.26% during the forecast period. The base year considered for the study is 2021, and the estimated period is between 2022 and 2030.

GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET FORECAST 2022-2030

Global Automotive Electric Power Steering Market by Vehicle Type (Passenger Cars, Commercial Vehicles (Light Commercial Vehicles, Medium & Heavy Commercial Vehicles) Market by Mechanism (Column Type, Pinion Assist, Rack Assist, Other Mechanisms) Market by Component (Steering Rack/column, Sensor, Steering Motor, Other Components) by Geography

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Report Summary

The global automotive electric power steering market was valued at $38.18 billion in 2021 and is expected to reach $57.18 billion by 2030, growing at a CAGR of 4.26% during the forecast period. The base year considered for the study is 2021, and the estimated period is between 2022 and 2030. The market study has also analyzed the impact of COVID-19 on the cardiovascular ultrasound industry qualitatively as well as quantitatively.

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A power steering device reduces the driver’s effort in maneuvering the vehicle. Also, automotive electric power steering is a type of power steering in which the steering movement is assisted by an electric motor rather than a hydraulic motor or other traditional methods. An electric power steering consists of components such as a steering rack/column, sensor, and electric steering motor.

Automotive Electric Power Steering Market

Read our latest blog on the Automotive Electric Power Steering Market

Key enablers of the global automotive electric power steering market growth are:

  • Increased fuel efficiency in the electric power steering mechanism
  • Low maintenance compared to the conventional steering system
    • The electric power steering systems require no pump to work; instead, a drive belt and hoses connected to the engine use varying quantities of power. When an EPS system is designed correctly, the steering column, rack, and pinion steering gear may accommodate the whole power assist system.
    • EPS systems also feature fail-safe features that reduce the motor’s power if an electronic control unit (ECU) malfunction is detected. Therefore, a key growth enabler for automobile adoption is the industry’s sophisticated mechanism for electric power steering.

Key growth restraining factors are:

  • Lack of steering feel
    • The lack of steering feel limits the market growth. While easy maneuverability and driver comfort are advantages of automotive electric power steering, the main drawback is that it lessens the steering feel. Driving enthusiasts, who complain about the lack of road feel in newer vehicles, criticize the switch to electric power-assisted steering (EPS) implemented in many cars. Vehicles with electric power steering are infamous for having a cold feeling when turning. The driving experience of people who purchase vehicles for recreational purposes may be impacted because automotive electric power steering focuses on minimizing friction and steering control effort.

 

Global Automotive Electric Power Steering Market | Top Trends

  • Electric vehicles were designed to reduce emissions. Since electric power steering saves substantial fuel, the electrification driven by companies and government regulations enables the adoption of electric power steering in electric vehicles.
  • An electric power steering (EPS) sensor is the key technology for highly automated driving. The assistance provided by the sensors to the vehicle allows the driver to have a better judgment of the directions and constraints, thereby reducing collisions and accidents.
  • There has been increasing usage of steer-by-wire technology in autonomous vehicles. Steer-by-wire is a steering system that does not require a direct mechanical connection between the steering system and the vehicle’s steering wheel. Nexteer and Bosch are some of the major players developing this technology. Thus, new-age advancements in electric power steering would be a key growth theme for the market.

Market Segmentation– Vehicle Type, Mechanism, and Component –

 Market by Vehicle Type:

  • Passenger Cars
    • Passenger cars are the largest Vehicle type in the automotive electric power steering market. With the rise in production and sales of passenger cars, along with reducing the vehicle’s weight, automobile manufacturers are increasingly equipping their vehicles with electric power steering, which aids in increasing fuel efficiency.
    • Furthermore, the demand for electric power steering has been increasing with a focus on safety and comfort. Automobile manufacturers now focus on incorporating electric power steering technology in entry-level cars.
  • Commercial Vehicles
    • Light Commercial Vehicles (LCV)
    • Medium & Heavy Commercial Vehicles (M&HCV)

Market by Mechanism:

  • Column Type
  • Pinion Assist
    • Pinion assist is the fastest-growing mechanism in the automotive electric power steering market. In pinion assist, the electric motor is mounted on the pinion. There are 2 kinds of pinion assist electric power steering: single pinion EPS and dual pinion EPS. Single-pinion EPS has the motor force applied directly to the pinion gear on the steering rack. It should give a better feel than column type.
    • Due to its improved fuel efficiency, the dual pinion category is predicted to dominate the market. These are being employed more frequently in expensive luxury automobiles.
  • Rack Assist
  • Other Mechanisms

Market by Component:

  • Steering Rack/Column
  • Sensor
  • Steering Motor
    • Steering Motor is estimated to be the fastest-growing automotive component. A steering motor is a device that aids in the movement of the steering directions by providing additional force.
    • The scope of growth for steering motors is extremely high because the motor is an essential part of the functionality of an electric power steering, regardless of the mechanism.
  • Other Components

Geographical Study Based on Four Major Regions:

  • North America: The United States and Canada
  • Europe: The United Kingdom, Germany, France, Italy, Spain, Slovakia, Czech Republic, and Rest of Europe
  • Asia-Pacific: China, Japan, India, South Korea, Indonesia, Thailand, Vietnam, Malaysia, Taiwan, and Rest of Asia-Pacific
    • Asia-Pacific has a conducive environment for the manufacturing of automobiles and their components. In addition, low cost of labor, extensive research and development, and investments by major OEM companies are boosting the Asia-Pacific automotive electric power steering market.
    • The growth of the electric power steering market is aided by increasing purchasing power in countries such as China, India, and Vietnam, thereby propelling the sales of automobiles.
    • Vietnam has increasingly become a major industrial hub in Asia. Vietnam’s Ministry of Finance proposed a tax policy in November 2021 to lower or remove taxes on domestically produced car components, lowering total production costs. The growing electric vehicle manufacturing segment provides another lucrative opportunity to adopt electric power steering.
  • Rest of World: Latin America, the Middle East & Africa

The major players in the global automotive electric power steering market are:

  • JTEKT Corporation
  • Nexteer Automotive Group Limited
  • Hyundai Mobis
  • thyssenkrupp AG
  • Bosch Limited
  • ZF Group

Key strategies adopted by some of these companies:

  • In May 2022, the NSK steering signed an agreement with thyssenkrupp AG to explore a joint venture between thyssenkrupp Automotive and NSK Steering.
  • In March 2022, Nexteer launched an eDrive product line that combines the expertise from existing products such as electric power steering systems (EPS) and drivelines.
  • In December 2021, ZF Ltd, the German automotive major, increased its stake in the Rane TRW Steering Systems joint venture with the Chennai-based Rane Group by 51% to become the majority shareholder.

Report Synopsis

Report Scope Details
Market Forecast Years 2022-2030
Base Year 2021
Market Historical Years 2018-2021
Forecast Units Revenue ($Million)
Segments Analyzed Vehicle Type, Mechanism, Component
Geographies Analyzed North America, Europe, Asia-Pacific, and Rest of World
Companies Analyzed

China Automotive Systems Inc, DENSO Corporation, Hitachi Astemo Ltd, Hyundai Mobis, Infineon Technologies, JTEKT Corporation, MAHLE GmbH, Mando Corporation, Mitsubishi Electric Corporation, Nexteer Automotive Group Ltd, Nidec Corporation, NSK Ltd, Robert Bosch GmbH, thyssenkrupp AG, ZF Group

Table of Contents

  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & ESTIMATES
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
    • KEY DRIVERS
      • INCREASED FUEL EFFICIENCY IN THE ELECTRIC POWER STEERING MECHANISM
      • LOW MAINTENANCE COMPARED TO THE CONVENTIONAL STEERING SYSTEM
    • KEY RESTRAINTS
      • LACK OF STEERING FEEL
  1. KEY ANALYTICS
    • IMPACT OF COVID-19 ON AUTOMOTIVE ELECTRIC POWER STEERING MARKET
    • KEY MARKET TRENDS
    • PORTER’S FIVE FORCES ANALYSIS
      • BUYERS POWER
      • SUPPLIERS POWER
      • SUBSTITUTION
      • NEW ENTRANTS
      • INDUSTRY RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
  2. MARKET BY VEHICLE TYPE
    • PASSENGER CARS
    • COMMERCIAL VEHICLES
      • LIGHT COMMERCIAL VEHICLES (LCV)
      • MEDIUM & HEAVY COMMERCIAL VEHICLES (M&HCV)
  1. MARKET BY MECHANISM
    • COLUMN TYPE
    • PINION ASSIST
    • RACK ASSIST
    • OTHER MECHANISMS
  2. MARKET BY COMPONENT
    • STEERING RACK/COLUMN
    • SENSOR
    • STEERING MOTOR
    • OTHER COMPONENTS
  3. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • UNITED STATES
        • CANADA
    • EUROPE
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • UNITED KINGDOM
        • GERMANY
        • FRANCE
        • ITALY
        • SPAIN
        • SLOVAKIA
        • CZECH REPUBLIC
        • REST OF EUROPE
    • ASIA-PACIFIC
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • CHINA
        • JAPAN
        • INDIA
        • SOUTH KOREA
        • INDONESIA
        • THAILAND
        • VIETNAM
        • TAIWAN
        • MALAYSIA
        • REST OF ASIA-PACIFIC
    • REST OF WORLD
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • REGIONAL ANALYSIS
        • LATIN AMERICA
        • MIDDLE EAST & AFRICA
  1. COMPETITIVE LANDSCAPE
    • KEY STRATEGIC DEVELOPMENTS
      • MERGERS & ACQUISITIONS
      • PRODUCT LAUNCHES & DEVELOPMENTS
      • PARTNERSHIPS & AGREEMENTS
    • COMPANY PROFILES
      • CHINA AUTOMOTIVE SYSTEMS INC
      • DENSO CORPORATION
      • HITACHI ASTEMO LTD
      • HYUNDAI MOBIS
      • INFINEON TECHNOLOGIES
      • JTEKT CORPORATION
      • MAHLE GMBH
      • MANDO CORPORATION
      • MITSUBISHI ELECTRIC CORPORATION
      • NEXTEER AUTOMOTIVE GROUP LTD
      • NIDEC CORPORATION
      • NSK LTD
      • ROBERT BOSCH GMBH
      • THYSSENKRUPP AG
      • ZF GROUP

LIST OF TABLES  

TABLE 1: MARKET SNAPSHOT – AUTOMOTIVE ELECTRIC POWER STEERING

TABLE 2: GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET, BY VEHICLE TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 3: GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET, BY VEHICLE TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 4: GLOBAL PASSENGER CARS MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 5: GLOBAL PASSENGER CARS MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 6: GLOBAL COMMERCIAL VEHICLES MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 7: GLOBAL COMMERCIAL VEHICLES MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 8: GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET, BY COMMERCIAL VEHICLES, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 9: GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET, BY COMMERCIAL VEHICLES, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 10: GLOBAL LIGHT COMMERCIAL VEHICLES (LCV) MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 11: GLOBAL LIGHT COMMERCIAL VEHICLES (LCV) MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 12: GLOBAL MEDIUM & HEAVY COMMERCIAL VEHICLES (M&HCV) MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 13: GLOBAL MEDIUM & HEAVY COMMERCIAL VEHICLES (M&HCV) MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 14: GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET, BY MECHANISM, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 15: GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET, BY MECHANISM, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 16: GLOBAL COLUMN TYPE MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 17: GLOBAL COLUMN TYPE MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 18: GLOBAL PINION ASSIST MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 19: GLOBAL PINION ASSIST MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 20: GLOBAL RACK ASSIST MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 21: GLOBAL RACK ASSIST MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 22: GLOBAL OTHER MECHANISMS MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 23: GLOBAL OTHER MECHANISMS MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 24: GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 25: GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET, BY COMPONENT, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 26: GLOBAL STEERING RACK/COLUMN MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 27: GLOBAL STEERING RACK/COLUMN MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 28: GLOBAL SENSOR MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 29: GLOBAL SENSOR MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 30: GLOBAL STEERING MOTOR MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 31: GLOBAL STEERING MOTOR MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 32: GLOBAL OTHER COMPONENTS MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 33: GLOBAL OTHER COMPONENTS MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 34: GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 35: GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET, BY GEOGRAPHY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 36: NORTH AMERICA AUTOMOTIVE ELECTRIC POWER STEERING MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 37: NORTH AMERICA AUTOMOTIVE ELECTRIC POWER STEERING MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 38: LEADING PLAYERS OPERATING IN NORTH AMERICA AUTOMOTIVE ELECTRIC POWER STEERING MARKET

TABLE 39: EUROPE AUTOMOTIVE ELECTRIC POWER STEERING MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 40: EUROPE AUTOMOTIVE ELECTRIC POWER STEERING MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 41: LEADING PLAYERS OPERATING IN EUROPE AUTOMOTIVE ELECTRIC POWER STEERING MARKET

TABLE 42: ASIA-PACIFIC AUTOMOTIVE ELECTRIC POWER STEERING MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 43: ASIA-PACIFIC AUTOMOTIVE ELECTRIC POWER STEERING MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 44: LEADING PLAYERS OPERATING IN ASIA-PACIFIC AUTOMOTIVE ELECTRIC POWER STEERING MARKET

TABLE 45: REST OF WORLD AUTOMOTIVE ELECTRIC POWER STEERING MARKET, BY REGION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 46: REST OF WORLD AUTOMOTIVE ELECTRIC POWER STEERING MARKET, BY REGION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 47: LEADING PLAYERS OPERATING IN REST OF WORLD AUTOMOTIVE ELECTRIC POWER STEERING MARKET

TABLE 48: LIST OF MERGERS & ACQUISITIONS

TABLE 49: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 50: LIST OF PARTNERSHIPS & AGREEMENTS

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2021

FIGURE 6: GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET, BY PASSENGER CARS, 2022-2030 (IN $ MILLION)

FIGURE 7: GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET, BY COMMERCIAL VEHICLES, 2022-2030 (IN $ MILLION)

FIGURE 8: GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET, GROWTH POTENTIAL, BY COMMERCIAL VEHICLES, IN 2021

FIGURE 9: GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET, BY LIGHT COMMERCIAL VEHICLES (LCV), 2022-2030 (IN $ MILLION)

FIGURE 10: GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET, BY MEDIUM & HEAVY COMMERCIAL VEHICLES (M&HCV), 2022-2030 (IN $ MILLION)

FIGURE 11: GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET, GROWTH POTENTIAL, BY MECHANISM, IN 2021

FIGURE 12: GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET, BY COLUMN TYPE, 2022-2030 (IN $ MILLION)

FIGURE 13: GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET, BY PINION ASSIST, 2022-2030 (IN $ MILLION)

FIGURE 14: GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET, BY RACK ASSIST, 2022-2030 (IN $ MILLION)

FIGURE 15: GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET, BY OTHER MECHANISMS, 2022-2030 (IN $ MILLION)

FIGURE 16: GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2021

FIGURE 17: GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET, BY STEERING RACK/COLUMN, 2022-2030 (IN $ MILLION)

FIGURE 18: GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET, BY SENSOR, 2022-2030 (IN $ MILLION)

FIGURE 19: GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET, BY STEERING MOTOR, 2022-2030 (IN $ MILLION)

FIGURE 20: GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET, BY OTHER COMPONENTS, 2022-2030 (IN $ MILLION)

FIGURE 21: NORTH AMERICA AUTOMOTIVE ELECTRIC POWER STEERING MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

FIGURE 22: UNITED STATES AUTOMOTIVE ELECTRIC POWER STEERING MARKET, 2022-2030 (IN $ MILLION)

FIGURE 23: CANADA AUTOMOTIVE ELECTRIC POWER STEERING MARKET, 2022-2030 (IN $ MILLION)

FIGURE 24: EUROPE AUTOMOTIVE ELECTRIC POWER STEERING MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

FIGURE 25: UNITED KINGDOM AUTOMOTIVE ELECTRIC POWER STEERING MARKET, 2022-2030 (IN $ MILLION)

FIGURE 26: GERMANY AUTOMOTIVE ELECTRIC POWER STEERING MARKET, 2022-2030 (IN $ MILLION)

FIGURE 27: FRANCE AUTOMOTIVE ELECTRIC POWER STEERING MARKET, 2022-2030 (IN $ MILLION)

FIGURE 28: ITALY AUTOMOTIVE ELECTRIC POWER STEERING MARKET, 2022-2030 (IN $ MILLION)

FIGURE 29: SPAIN AUTOMOTIVE ELECTRIC POWER STEERING MARKET, 2022-2030 (IN $ MILLION)

FIGURE 30: SLOVAKIA AUTOMOTIVE ELECTRIC POWER STEERING MARKET, 2022-2030 (IN $ MILLION)

FIGURE 31: CZECH REPUBLIC AUTOMOTIVE ELECTRIC POWER STEERING MARKET, 2022-2030 (IN $ MILLION)

FIGURE 32: REST OF EUROPE AUTOMOTIVE ELECTRIC POWER STEERING MARKET, 2022-2030 (IN $ MILLION)

FIGURE 33: ASIA-PACIFIC AUTOMOTIVE ELECTRIC POWER STEERING MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

FIGURE 34: CHINA AUTOMOTIVE ELECTRIC POWER STEERING MARKET, 2022-2030 (IN $ MILLION)

FIGURE 35: JAPAN AUTOMOTIVE ELECTRIC POWER STEERING MARKET, 2022-2030 (IN $ MILLION)

FIGURE 36: INDIA AUTOMOTIVE ELECTRIC POWER STEERING MARKET, 2022-2030 (IN $ MILLION)

FIGURE 37: SOUTH KOREA AUTOMOTIVE ELECTRIC POWER STEERING MARKET, 2022-2030 (IN $ MILLION)

FIGURE 38: INDONESIA AUTOMOTIVE ELECTRIC POWER STEERING MARKET, 2022-2030 (IN $ MILLION)

FIGURE 39: THAILAND AUTOMOTIVE ELECTRIC POWER STEERING MARKET, 2022-2030 (IN $ MILLION)

FIGURE 40: VIETNAM AUTOMOTIVE ELECTRIC POWER STEERING MARKET, 2022-2030 (IN $ MILLION)

FIGURE 41: MALAYSIA AUTOMOTIVE ELECTRIC POWER STEERING MARKET, 2022-2030 (IN $ MILLION)

FIGURE 42: REST OF ASIA-PACIFIC AUTOMOTIVE ELECTRIC POWER STEERING MARKET, 2022-2030 (IN $ MILLION)

FIGURE 43: REST OF WORLD AUTOMOTIVE ELECTRIC POWER STEERING MARKET, REGIONAL OUTLOOK, 2021 & 2030 (IN %)

FIGURE 44: LATIN AMERICA AUTOMOTIVE ELECTRIC POWER STEERING MARKET, 2022-2030 (IN $ MILLION)

FIGURE 45: MIDDLE EAST & AFRICA AUTOMOTIVE ELECTRIC POWER STEERING MARKET, 2022-2030 (IN $ MILLION)

Segmentation

  1. MARKET BY VEHICLE TYPE
    • PASSENGER CARS
    • COMMERCIAL VEHICLES
      • LIGHT COMMERCIAL VEHICLES (LCV)
      • MEDIUM & HEAVY COMMERCIAL VEHICLES (M&HCV)
  1. MARKET BY MECHANISM
    • COLUMN TYPE
    • PINION ASSIST
    • RACK ASSIST
    • OTHER MECHANISMS
  2. MARKET BY COMPONENT
    • STEERING RACK/COLUMN
    • SENSOR
    • STEERING MOTOR
    • OTHER COMPONENTS
  3. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • UNITED STATES
        • CANADA
    • EUROPE
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • UNITED KINGDOM
        • GERMANY
        • FRANCE
        • ITALY
        • SPAIN
        • SLOVAKIA
        • CZECH REPUBLIC
        • REST OF EUROPE
    • ASIA-PACIFIC
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • CHINA
        • JAPAN
        • INDIA
        • SOUTH KOREA
        • INDONESIA
        • THAILAND
        • VIETNAM
        • TAIWAN
        • MALAYSIA
        • REST OF ASIA-PACIFIC
    • REST OF WORLD
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • REGIONAL ANALYSIS
        • LATIN AMERICA
        • MIDDLE EAST & AFRICA

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    Frequently Asked Questions (FAQs):

    What is the value of the global automotive electric power steering market?

    The global automotive electric power steering market was valued at $38918.00 million in 2021.

    Which is the fastest-growing country in the Europe automotive electric power steering market?

    Italy is the fastest-growing country in the Europe automotive electric power steering market.

    Which is the leading vehicle type in terms of revenue share in the global automotive electric power steering market?

    Passenger cars are the leading vehicle type in terms of revenue share in the global automotive electric power steering market.

    Which is the fastest-growing mechanism in the global automotive electric power steering market?

    Pinion assist is anticipated to be the fastest-growing mechanism in the global automotive electric power steering market.

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