Electric Power Steering Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2024-32
                     Global Electric Power 
Steering Market 
Research and Forecast 
Report 2024-2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
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Acco r d ing  t o  t he  l a t es t  r e po r t  by  I M ARC  G r oup ,  t i t l e d  " E l ec t r i c  Pow er  S t eer i ng  
M ar ke t :  G l ob a l  I ndu st ry  T rend s ,  Shar e ,  S i ze ,  G row t h ,  O pp or t u n i t y  and  Fo rec as t  
2024 - 203 2 , "  t he  g lob a l  e lec t r i c  po wer  s t ee r i ng  m ar ke t  s i z e  r each ed  US$  28 . 3  B i l l i on  
i n  2 023 .
E lec t r i c  pow er  s t ee r i ng  ( E PS)  i s  an  adva nced  s t e e r i ng  sys t em  in  au t om o t i ve  
Report veh ic les  t ha t  r ep laces  t r ad i t i ona l  h yd r au l i c  o r  m ec han ic a l  s t ee r i ng  sys t em s  w i t h  an  
e lec t r i ca l l y  ass i s t ed  m ech an ism .  I t  em p l oys  an  e le c t r i c  m o t o r  t ha t  e l im in a t es  t he  
Highlight and need  f o r  hy d r au l i c  f l u i ds  o r  d i r e c t  m e chan ica l  l i n kages .  I t  has  a  co m pac t  des ign ,  wh ich  f r e es  up  spa ce  i n  t he  eng in e  com par t m en t  an d  r ed uces  veh i c le  we igh t .  
I t  c an  ad jus t  t h e  l eve l  o f  s t ee r i ng  ass i s t an ce  b ased  on  d r i v i n g  con d i t i on s ,  veh i c le  
Description spe ed ,  and  d r i ve r  i npu t ,  o f f e r i ng  g r ea t e r  f l ex ib i l i t y  and  co n t r o l .  I t  cons um e s  le ss  
powe r  com par ed  t o  conv en t i o na l  sy s t em s  an d  f ac i l i t a t e s  im p r ove d  f ue l  e f f i c i ency .  I t  
he lps  r e duce  t h e  n eed  f o r  m a in t en ance  and  e l im ina t es  co m m on  i s sues  l i ke  f l u i d  
l eaks .
Reque st  f o r  a  PDF  sam pl e  o f  t h i s  re por t :  
h t t p s : / / www. im ar c g r ou p . com / e le c t r i c - p ower - s t e e r i ng - m ar ke t / r eque s t sa m p le
Report Description
Global  Elect r ic  Power Steer ing  Market  Trends:
The increas ing  awareness about  the harmfu l  impac t  o f  veh icu la r  emiss ions  on human and  env i ronmenta l  
hea l th  is  pos i t i ve ly  in f luenc ing  the  market .  Add i t iona l l y ,  r i s ing sa les  o f  hybr id  and  e lec t r ic  veh ic les  (H/EVs)  
are  o f fe r ing  a  favorab le  market  ou t look .  Fur thermore ,  the  imp lementat ion o f  s t r ingent  g loba l  fue l  e f f i c iency  
and  emiss ions regu la t ions are  encourag ing  automakers  to  adopt  EPS systems.  
EPS reduces  the load  on  the eng ine,  improv ing  fue l  economy and  reduc ing  greenhouse gas emiss ions.  
Moreover ,  lead ing  market  p layers  a re  inves t ing in  research and deve lopment  (R&D)  ac t iv i t ies  to  in t roduce  
more advanced EPS sys tems,  inc lud ing s teer -by -w i re  techno logy,  wh ich  e l im ina tes  the  need fo r  a  phys ica l  
connec t ion  be tween the s teer ing and whee ls .
Looking forward ,  the  market  va lue  is  pro jected  to  reach US$ 43 .8  Bi l l ion  by  2032,  expanding at  a  CAGR 
of  4 .8% dur ing  2024-2032.
View Report  TOC,  F igures and Tables :  h t tps: / /www. imarcgroup.com/e lectr ic-power-s teer ing-market
Component Insights:
• Steering Column
• Sensors
• Steering Gear
• Mechanical  Rack and Pinion
• Electronic Control  Unit
• Electr ic Motor
Report • Others
Segmentation
Mechanism Insights:
• Rigid EPS
• Col lapsible EPS
Type Insights:
• Rack Assist Type (REPS)
• Column Assist  Type (CEPS)
• Pinion Assist Type (PEPS)
Vehicle Type Insights:
• Passenger Car
• Commercial  Vehicle
Report 
Segmentation Regional Insights:
• North America
• Asia-Pacifi c
• Europe
• Latin America
• Middle East and Afr ica
• HELLA GmbH & Co. KGaA (Faurecia SE)
• Hycet Technology Co. Ltd (Great Wall  
Motor Company Limited)
• JTEKT Corporat ion
Competitive • Mitsubishi  Electr ic Corporation
Landscape • Nexteer Automotive
with Key • NSK LTD
• NXP Semiconductors N.V.
Players • Robert Bosch GmbH
• ThyssenKrupp AG
• TT Electronics plc
• ZF Friedrichshafen AG
How has the global electric power steering market 
performed so far, and how will it perform in the coming 
years?
What are the drivers, restraints, and opportunities in 
the global electric power steering market?
What is the impact of each driver, restraint, and 
Key opportunity on the global electric power steering market?
Questions What are the key regional markets?
Answered in 
Which countries represent the most attractive electric 
the Report power steering market?
What is the breakup of the market based on the 
component?
Which is the most attractive component in the electric 
power steering market?
What is the breakup of the market based on the 
mechanism?
Which is the most attractive mechanism in the electric 
power steering market?
What is the breakup of the market based on type?
Which is the most attractive type in the electric power 
steering market?
Key 
What is the breakup of the market based on vehicle 
Questions type?
Answered in Which is the most attractive vehicle type in the electric 
power steering market?
the Report
What is the competitive structure of the global electric 
power steering market?
Who are the key players/companies in the global 
electric power steering market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
Table of         2 . 4 . 1     B o t t o m - U p  A p p r o a c h        2 . 4 . 2     T o p - D o w n  A p p r o a c h
    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
Contents     4 . 1     O v e r v i e w    4 . 2     K e y  I n d u s t r y  T r e n d s5     G l o b a l  E l e c t r i c  P o w e r  S t e e r i n g  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  C o m p o n e n t
    6 . 1     S t e e r i n g  C o l u m n
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  M a r k e t  F o r e c a s t
    6 . 2     S e n s o r s
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a r k e t  F o r e c a s t
    6 . 3     S t e e r i n g  G e a r
        6 . 3 . 1  M a r k e t  T r e n d s
        6 . 3 . 2  M a r k e t  F o r e c a s t
       
    6 . 4     M e c h a n i c a l  R a c k  a n d  P i n i o n
        6 . 4 . 1  M a r k e t  T r e n d s
        6 . 4 . 2  M a r k e t  F o r e c a s t
    6 . 5     E l e c t r o n i c  C o n t r o l  U n i t
        6 . 5 . 1  M a r k e t  T r e n d s
        6 . 5 . 2  M a r k e t  F o r e c a s t
    6 . 6     E l e c t r i c  M o t o r
        6 . 6 . 1  M a r k e t  T r e n d s
        6 . 6 . 2  M a r k e t  F o r e c a s t
Table of     6 . 7     O t h e r s        6 . 7 . 1  M a r k e t  T r e n d s
        6 . 7 . 2  M a r k e t  F o r e c a s t
7    M a r k e t  B r e a k u p  b y  M e c h a n i s m
Contents     7 . 1     R i g i d  E P S
        7 . 1 . 1  M a r k e t  T r e n d s
        7 . 1 . 2  M a r k e t  F o r e c a s t
    7 . 2     C o l l a p s i b l e  E P S
        7 . 2 . 1  M a r k e t  T r e n d s
        7 . 2 . 2  M a r k e t  F o r e c a s t
8    M a r k e t  B r e a k u p  b y  T y p e
    8 . 1     R a c k  A s s i s t  T y p e  ( R E P S )
        8 . 1 . 1  M a r k e t  T r e n d s
        8 . 1 . 2  M a r k e t  F o r e c a s t
    8 . 2     C o l u m  A s s i s t  T y p e  ( C E P S )
        8 . 2 . 1  M a r k e t  T r e n d s
        8 . 2 . 2  M a r k e t  F o r e c a s t
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/ toc
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