Automotive Electric Power Steering Market

Automotive Electric Power Steering Market [Motor Assist: Column Assist, Pinion Assist, and Rack Assist; Technology: Conventional EPS and EPS with ADAS] - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Automotive Electric Power Steering Market Outlook 2031

  • The global industry was valued at US$ 27.5 Bn in 2022
  • It is estimated to expand at a CAGR of 5.0% from 2023 to 2031 and reach US$ 43.0 Bn by the end of 2031

Analysts’ Viewpoint

Significant growth in the automotive industry and increase in electronic & automation components in vehicles to meet safety & comfort requirements as per the norms suggested by regulatory authorities are driving the electric power steering market expansion. Established players, key manufacturers, and suppliers are forming joint ventures and alliances in order to implement sustainable business strategies.

Development of compact and inexpensive EPS-motor controller unit (MCU) offers lucrative opportunities for manufacturers. Focus of OEMs and companies toward simplifying software integration in EPS-MCU is expected to further propel market development.

Automotive Electric Power Steering Market

Automotive Electric Power Steering Market Introduction

Electric power steering (EPS) system helps a driver to effortlessly steer the vehicle. The system uses an electric motor mounted on the steering rack or steering column. The amount of torque, or rotational effort, the driver applies to the steering wheel is measured by sensors mounted to the motor. When determining how much assistance the driver needs to turn the front wheels, the sensors use the information they have collected. Speed of vehicle is the crucial factor in determining the output provided by EPS. Electric power steering (EPS) improves vehicle safety while enhancing handling and steering control by adapting the steering torque to the vehicle speed and providing active torque in dangerous driving scenarios.

Rise in sales of passenger & commercial vehicles across the globe and increase in penetration of electronic components in vehicles are propelling demand for electric power steering. Surge in demand for electric vehicles due to implementation of stringent emission norms is likely to augment global automotive electric power steering market size in the next few years. Advanced computational capability and specialized peripherals offered by automotive MCUs are driving demand for sophisticated car electric steering control operations.

Advancements in ADAS and Steering Control Technology

Electric power steering system in a vehicle provides several benefits such as easy steer control, comfortable driving, power efficiency, and better fuel economy. The electric motor only draws power when needed. This eliminates conventional hydraulic fluid maintenance requirements. An electric power steering (EPS) enables any advanced driver assistance systems (ADAS) that involves turning the wheels without steering input from the driver. Features such as lane-keep assist, automated parking & lane changes, and ability to guide the car around obstacles utilize EPS's ability to steer itself when necessary. Therefore, adoption of EPS is increasing exponentially due to rise in vehicle sales.

Electric power steering systems are common in vehicles. However, these systems have a few shortcomings. Early EPS systems lacked the steering feel, or feedback from the road, which let drivers understand how the car was behaving, unlike classic hydraulic systems. Manufacturers have essentially fixed this problem, making the difference between the feel of electric and hydraulic power steering very negligible.

Shift toward Entirely Electrically Powered Vehicles

The global automotive electric power steering market is projected to be driven by usage of more advanced electric components in vehicles to enhance safety features. In order to enhance the quality and driving experience of vehicles, automakers are incorporating electric systems and components into their designs. Manufacturers are incorporating several electronic devices and systems to enhance the efficiency of vehicles and track the working of all major components in order to monitor faults in an effective manner. Electric power steering system penetration is likely to increase during the forecast period owing to several benefits over hydraulic power steering such as low maintenance cost and improved fuel efficiency.

High Penetration of Column Assist in Passenger Vehicles

In terms of motor assist, the column assist segment accounted for largest global automotive electric power steering market share in 2022. This is ascribed to high penetration of column assist in passenger vehicles. Furthermore, rise in passenger vehicle sales across the globe is projected to propel demand for column assist power steering systems in vehicles.

Increase in Trend of CASE Mobility and Other Allied Technologies

Based on technology, the EPS with ADAS segment is anticipated to dominate the global market during the projection period. Increase in trend of connected, autonomous, shared and electric (CASE) mobility and other allied technologies in automobile industry; and rise in penetration of autonomy levels, which include lane departure warning system, vehicle cruise control, and blind spot detection system, are likely to increase penetration of EPS with ADAS technologies in vehicles.

Regional Outlook of Global Automotive Electric Power Steering Market

As per automotive electric power steering market forecast, Europe is projected to lead the global market during the forecast period. This is ascribed to higher sales of electric cars in the region. The market in the region is expected to be driven by presence of leading automotive companies in Germany, France, Italy, and the U.K. Presence of a number of OEM and tier-1 suppliers with cutting-edge electric power steering R&D capabilities is propelling the automobile electric power steering market in Europe.

The automotive electric power steering market in Asia Pacific is expected to grow at a rapid pace during the forecast period. This is ascribed to rapidly expanding manufacturing sector and stronger growth of automobile industry, where China is leading the mobility industry. Asia Pacific is at the forefront of supplying electric vehicles and components. Furthermore, consistent increase in EV sales in China, India, and ASEAN countries is likely to offer lucrative opportunities for market players. Increase in popularity of advanced safety features and comfortable ride experience is likely to bolster market development in Asia Pacific.

The market in North America is projected to grow at a rapid pace during the forecast period. This is ascribed to stronger sales of SUVs and light commercial vehicles than passenger cars. Manufacturers are increasing emphasis on embracing automation in automobile applications to create highly effective, safer and superior in-vehicle eco-system. This in turn is expected to accelerate market expansion in North America.

Analysis of Key Players in Global Automotive Electric Power Steering Market

The global industry is fragmented, with the presence of large number of manufacturers controlling the market share. Expansion of product portfolio and merger & acquisition are the major strategies adopted by key players. Prominent players in the global market are DENSO Corporation, Robert Bosch GmbH, Sona Koyo Steering Systems Ltd., ZF Friedrichshafen AG, GKN plc, JTEKT Corporation, NSK Ltd., China Automotive Systems, Inc., Delphi Technologies, SHOWA Corporation, Hyundai Mobis, Mitsubishi Electric Corporation, Thyssenkrupp Business Area Components Technology, Mando Corp., Global Steering Systems, Zhejiang Shibao Company Limited, TRIDEC, and Hitachi Astemo, Ltd.

Key Developments in Global Automotive Electric Power Steering Market

  • In September 2022, Hitachi Astemo, Ltd. developed a steer-by-wire prototype for vehicles, which actuates the tire not mechanically, but through the electric control of steering wheel inputs. The prototype not only releases smooth, effortless steering wheel operations, but also redundancy through a fail-safe function that enables continued operation in the event of failure.
  • In December 2021, the SAIC Motor and Zhangjiang Hi-Tech led joint venture, IM Motors, delivered the first 200 IM L7 Beta vehicles, which was scheduled to go on for test runs in nine cities in China. The agile development had incurred the "origin" high-end pure electric architecture iO that enabled advanced four-wheel steering and four-wheel drive in the IM’s new EV.
  • In September 2020, DENSO Corporation announced the development of a new Electric Power Steering Motor Control Unit (EPS-MCU), which is capable of delivering improved handling and safety to vehicles. It is featured in Toyota New Harrier, which was released in June 2020, and planned to be featured in cars of various automakers.

Key players have been profiled in the automotive electric power steering market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Global Automotive Electric Power Steering Market Snapshot

Attribute

Detail

Size Value in 2021

US$ 27.5 Bn

Forecast (Value) in 2031

US$ 43.0 Bn

Growth Rate

(CAGR)

5.0%

Forecast Period

2023–2031

Historical Data Available for

2017–2022

Quantitative Units

US$ Bn for Value and Million Units for Volume

Market Analysis

It includes segment analysis as well as regional level analysis. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market share analysis by company (2022)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Segmentation

  • Motor Assist
    • Column Assist
    • Pinion Assist
    • Rack Assist
  • Technology
    • Conventional EPS
    • EPS with ADAS
  • Component
    • EPS Control Module
    • Electric Motor
    • Rack & Pinion
    • Steering Column
  • Vehicle Type
    • Passenger Vehicle
      • Hatchback
      • Sedan
      • Utility Vehicles
    • Light Commercial Vehicles
    • Heavy Duty Trucks
    • Buses & Coaches

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia & CIS
  • Japan
  • China
  • India
  • ASEAN
  • Brazil
  • Mexico
  • GCC
  • South Africa

Companies Profile

  • JTEKT Corporation
  • DENSO Corporation
  • Sona Koyo Steering Systems Ltd.
  • ZF Friedrichshafen
  • GKN plc
  • Robert Bosch GmbH
  • NSK Ltd.
  • Mitsubishi Electric Corporation
  • China Automotive Systems, Inc.
  • Delphi Technologies
  • Hyundai Mobis
  • Thyssenkrupp
  • SHOWA Corporation
  • Mando Corp.
  • Global Steering Systems
  • Zhejiang Shibao Company Limited
  • TRIDEC
  • Hitachi Astemo, Ltd.

Customization Scope

Available upon request

Pricing

Available upon request

Frequently Asked Questions

How big was the global automotive electric power steering market in 2022?

The global market was valued at US$ 27.5 Bn in 2022.

What will be the CAGR during the forecast period?

The CAGR is projected to be 5.0% from 2023 to 2031.

How big will the industry be in 2031?

The global industry is anticipated to reach a value of US$ 43.0 Bn in 2031.

Which key trends are driving the market?

Advancement in ADAS & steering control technology and shift toward entirely electric powered vehicles.

Which segment accounted for largest share?

Based on motor assist, the column assist segment dominated the industry in 2021.

Which is the most lucrative region in the market?

Europe is the most lucrative market for automotive electric power steering.

Who are the prominent players in the market?

Leading players in the global automotive electric power steering market are JTEKT Corporation, DENSO Corporation, Sona Koyo Steering Systems Ltd., ZF Friedrichshafen AG, GKN plc, Robert Bosch GmbH, NSK Ltd., Mitsubishi Electric Corporation, China Automotive Systems, Inc., Delphi Technologies, Hyundai Mobis, Thyssenkrupp Business Area Components Technology, SHOWA Corporation, Mando Corp., Global Steering Systems, Zhejiang Shibao Company Limited, TRIDEC, and Hitachi Astemo, Ltd.

1. Executive Summary

    1.1. Global Market Outlook

        1.1.1. Market Size, volume in million units, value in US$ Bn, 2017-2031

    1.2. TMR Analysis and Recommendations

    1.3. Competitive Dashboard Analysis

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

    2.3. Market Dynamics

        2.3.1. Drivers

        2.3.2. Restraints

        2.3.3. Opportunity

    2.4. Market Factor Analysis

        2.4.1. Porter’s Five Force Analysis

        2.4.2. SWOT Analysis

    2.5. Regulatory Scenario

    2.6. Key Trend Analysis

    2.7. Value Chain Analysis

        2.7.1. List of Key Manufacturers

        2.7.2. List of Customers

        2.7.3. Level of Integration

    2.8. Cost Structure Analysis

    2.9. Profit Margin Analysis

3. Technology Roadmap for Automotive Electric Power Steering System

4. Analysis on Market Share Distribution between Electronic Power Steering (EPS), Hydraulic Power Steering (HPS), and Electric Power Hydraulic Steering (EPHS)

5. Global Automotive Electric Power Steering Market, by Motor Assist

    5.1. Market Snapshot

        5.1.1. Introduction, Definition, and Key Findings

        5.1.2. Market Growth & Y-o-Y Projections

        5.1.3. Base Point Share Analysis

    5.2. Global Automotive Electric Power Steering Market Size & Forecast, by Motor Assist, 2017–2031,

        5.2.1. Column Assist

        5.2.2. Pinion Assist

        5.2.3. Rack Assist

6. Global Automotive Electric Power Steering Market, by Technology

    6.1. Market Snapshot

        6.1.1. Introduction, Definition, and Key Findings

        6.1.2. Market Growth & Y-o-Y Projections

        6.1.3. Base Point Share Analysis

    6.2. Global Automotive Electric Power Steering Market Size & Forecast, by Technology, 2017-2031

        6.2.1. Conventional EPS

        6.2.2. EPS with ADAS

7. Global Automotive Electric Power Steering Market, by Component

    7.1. Market Snapshot

        7.1.1. Introduction, Definition, and Key Findings

        7.1.2. Market Growth & Y-o-Y Projections

        7.1.3. Base Point Share Analysis

    7.2. Global Automotive Electric Power Steering Market Size & Forecast, by Component, 2017-2031

        7.2.1. EPS Control Module

        7.2.2. Electric Motor

        7.2.3. Rack & Pinion

        7.2.4. Steering Column

8. Global Automotive Electric Power Steering Market, by Vehicle Type

    8.1. Market Snapshot

        8.1.1. Introduction, Definition, and Key Findings

        8.1.2. Market Growth & Y-o-Y Projections

        8.1.3. Base Point Share Analysis

    8.2. Global Automotive Electric Power Steering Market Size & Forecast, by Vehicle Type, 2017-2031

        8.2.1. Passenger Vehicles

            8.2.1.1. Hatchback

            8.2.1.2. Sedan

            8.2.1.3. Utility Vehicles

        8.2.2. Light Commercial Vehicles

        8.2.3. Heavy Duty Trucks

        8.2.4. Buses & Coaches

9. Global Automotive Electric Power Steering Market, by Region

    9.1. Market Snapshot

        9.1.1. Introduction, Definition, and Key Findings

        9.1.2. Market Growth & Y-o-Y Projections

        9.1.3. Base Point Share Analysis

    9.2. Global Automotive Electric Power Steering Market Size & Forecast, by Region, 2017-2031

        9.2.1. North America

        9.2.2. Europe

        9.2.3. Asia Pacific

        9.2.4. Middle East & Africa

        9.2.5. South America

10. North America Automotive Electric Power Steering Market

    10.1. Market Snapshot

    10.2. Automotive Electric Power Steering Market Size & Forecast, by Motor Assist, 2017-2031

        10.2.1. Column Assist

        10.2.2. Pinion Assist

        10.2.3. Rack Assist

    10.3. Automotive Electric Power Steering Market Size & Forecast, 2017-2031, By Technology

        10.3.1. Conventional EPS

        10.3.2. EPS with ADAS

    10.4. Automotive Electric Power Steering Market Size & Forecast, by Component, 2017-2031

        10.4.1. EPS Control Module

        10.4.2. Electric Motor

        10.4.3. Rack & Pinion

        10.4.4. Steering Column

    10.5. Automotive Electric Power Steering Market Size & Forecast, by Vehicle Type, 2017-2031

        10.5.1. Passenger Vehicles

            10.5.1.1. Hatchback

            10.5.1.2. Sedan

            10.5.1.3. Utility Vehicles

        10.5.2. Light Commercial Vehicles

        10.5.3. Heavy Duty Trucks

        10.5.4. Buses & Coaches

    10.6. Key Country Analysis – North America Automotive Electric Power Steering Market Size & Forecast, 2017-2031

        10.6.1. The U. S.

        10.6.2. Canada

        10.6.3. Mexico

11. Europe Automotive Electric Power Steering Market

    11.1. Market Snapshot

    11.2. Automotive Electric Power Steering Market Size & Forecast, by Motor Assist, 2017-2031

        11.2.1. Column Assist

        11.2.2. Pinion Assist

        11.2.3. Rack Assist

    11.3. Automotive Electric Power Steering Market Size & Forecast, by Technology, 2017-2031

        11.3.1. Conventional EPS

        11.3.2. EPS with ADAS

    11.4. Automotive Electric Power Steering Market Size & Forecast, by Component, 2017-2031

        11.4.1. EPS Control Module

        11.4.2. Electric Motor

        11.4.3. Rack & Pinion

        11.4.4. Steering Column

    11.5. Automotive Electric Power Steering Market Size & Forecast, by Vehicle Type, 2017-2031

        11.5.1. Passenger Vehicles

            11.5.1.1. Hatchback

            11.5.1.2. Sedan

            11.5.1.3. Utility Vehicles

        11.5.2. Light Commercial Vehicles

        11.5.3. Heavy Duty Trucks

        11.5.4. Buses & Coaches

    11.6. Key Country Analysis - Europe Automotive Electric Power Steering Market Size & Forecast, by Country/Sub-region, 2017-2031

        11.6.1. Germany

        11.6.2. U. K.

        11.6.3. France

        11.6.4. Italy

        11.6.5. Spain

        11.6.6. Nordic Countries

        11.6.7. Russia & CIS

        11.6.8. Rest of Europe

12. Asia Pacific Automotive Electric Power Steering Market

    12.1. Market Snapshot

    12.2. Automotive Electric Power Steering Market Size & Forecast, by Motor Assist, 2017-2031

        12.2.1. Column Assist

        12.2.2. Pinion Assist

        12.2.3. Rack Assist

    12.3. Automotive Electric Power Steering Market Size & Forecast, by Technology, 2017-2031

        12.3.1. Conventional EPS

        12.3.2. EPS with ADAS

    12.4. Automotive Electric Power Steering Market Size & Forecast, by Component, 2017-2031

        12.4.1. EPS Control Module

        12.4.2. Electric Motor

        12.4.3. Rack & Pinion

        12.4.4. Steering Column

    12.5. Automotive Electric Power Steering Market Size & Forecast, by Vehicle Type, 2017-2031

        12.5.1. Passenger Vehicles

            12.5.1.1. Hatchback

            12.5.1.2. Sedan

            12.5.1.3. Utility Vehicles

        12.5.2. Light Commercial Vehicles

        12.5.3. Heavy Duty Trucks

        12.5.4. Buses & Coaches

    12.6. Key Country Analysis - Asia Pacific Automotive Electric Power Steering Market Size & Forecast, by Country/Sub-region, 2017-2031

        12.6.1. China

        12.6.2. India

        12.6.3. Japan

        12.6.4. ASEAN Countries

        12.6.5. South Korea

        12.6.6. ANZ

        12.6.7. Rest of Asia Pacific

13. Middle East & Africa Automotive Electric Power Steering Market

    13.1. Market Snapshot

    13.2. Automotive Electric Power Steering Market Size & Forecast, by Motor Assist, 2017-2031

        13.2.1. Column Assist

        13.2.2. Pinion Assist

        13.2.3. Rack Assist

    13.3. Automotive Electric Power Steering Market Size & Forecast, by Technology, 2017-2031

        13.3.1. Conventional EPS

        13.3.2. EPS with ADAS

    13.4. Automotive Electric Power Steering Market Size & Forecast, by Component, 2017-2031

        13.4.1. EPS Control Module

        13.4.2. Electric Motor

        13.4.3. Rack & Pinion

        13.4.4. Steering Column

    13.5. Automotive Electric Power Steering Market Size & Forecast, by Vehicle Type, 2017-2031

        13.5.1. Passenger Vehicles

            13.5.1.1. Hatchback

            13.5.1.2. Sedan

            13.5.1.3. Utility Vehicles

        13.5.2. Light Commercial Vehicles

        13.5.3. Heavy Duty Trucks

        13.5.4. Buses & Coaches

    13.6. Key Country Analysis - Middle East & Africa Automotive Electric Power Steering Market Size & Forecast, by Country/Sub-region, 2017-2031

        13.6.1. GCC

        13.6.2. South Africa

        13.6.3. Turkey

        13.6.4. Rest of Middle East & Africa

14. South America Automotive Electric Power Steering Market

    14.1. Market Snapshot

    14.2. Automotive Electric Power Steering Market Size & Forecast, by Motor Assist, 2017-2031

        14.2.1. Column Assist

        14.2.2. Pinion Assist

        14.2.3. Rack Assist

    14.3. Automotive Electric Power Steering Market Size & Forecast, by Technology, 2017-2031

        14.3.1. Conventional EPS

        14.3.2. EPS with ADAS

    14.4. Automotive Electric Power Steering Market Size & Forecast, by Component, 2017-2031

        14.4.1. EPS Control Module

        14.4.2. Electric Motor

        14.4.3. Rack & Pinion

        14.4.4. Steering Column

    14.5. Automotive Electric Power Steering Market Size & Forecast, by Vehicle Type, 2017-2031

        14.5.1. Passenger Vehicles

            14.5.1.1. Hatchback

            14.5.1.2. Sedan

            14.5.1.3. Utility Vehicles

        14.5.2. Light Commercial Vehicles

        14.5.3. Heavy Duty Trucks

        14.5.4. Buses & Coaches

    14.6. Key Country Analysis - South America Automotive Electric Power Steering Market Size & Forecast, 2017-2031

        14.6.1. Brazil

        14.6.2. Argentina

        14.6.3. Rest of South America

15. Competitive Landscape

    15.1. Company Share Analysis/ Brand Share Analysis, 2022

    15.2. Company Analysis for each player (Company Overview, Company Footprints, Production Locations, Product Portfolio, Competitors & Customers, Subsidiaries & Parent Organization, Recent Developments, Financial Analysis, Profitability, Revenue Share)

16. Company Profile/ Key Players

    16.1. JTEKT Corporation

        16.1.1. Company Overview

        16.1.2. Company Footprints

        16.1.3. Production Locations

        16.1.4. Product Portfolio

        16.1.5. Competitors & Customers

        16.1.6. Subsidiaries & Parent Organization

        16.1.7. Recent Developments

        16.1.8. Financial Analysis

        16.1.9. Profitability

        16.1.10. Revenue Share

    16.2. DENSO Corporation

        16.2.1. Company Overview

        16.2.2. Company Footprints

        16.2.3. Production Locations

        16.2.4. Product Portfolio

        16.2.5. Competitors & Customers

        16.2.6. Subsidiaries & Parent Organization

        16.2.7. Recent Developments

        16.2.8. Financial Analysis

        16.2.9. Profitability

        16.2.10. Revenue Share

    16.3. Sona Koyo Steering Systems Ltd.

        16.3.1. Company Overview

        16.3.2. Company Footprints

        16.3.3. Production Locations

        16.3.4. Product Portfolio

        16.3.5. Competitors & Customers

        16.3.6. Subsidiaries & Parent Organization

        16.3.7. Recent Developments

        16.3.8. Financial Analysis

        16.3.9. Profitability

        16.3.10. Revenue Share

    16.4. ZF Friedrichshafen

        16.4.1. Company Overview

        16.4.2. Company Footprints

        16.4.3. Production Locations

        16.4.4. Product Portfolio

        16.4.5. Competitors & Customers

        16.4.6. Subsidiaries & Parent Organization

        16.4.7. Recent Developments

        16.4.8. Financial Analysis

        16.4.9. Profitability

        16.4.10. Revenue Share

    16.5. GKN plc.

        16.5.1. Company Overview

        16.5.2. Company Footprints

        16.5.3. Production Locations

        16.5.4. Product Portfolio

        16.5.5. Competitors & Customers

        16.5.6. Subsidiaries & Parent Organization

        16.5.7. Recent Developments

        16.5.8. Financial Analysis

        16.5.9. Profitability

        16.5.10. Revenue Share

    16.6. Robert Bosch GmbH

        16.6.1. Company Overview

        16.6.2. Company Footprints

        16.6.3. Production Locations

        16.6.4. Product Portfolio

        16.6.5. Competitors & Customers

        16.6.6. Subsidiaries & Parent Organization

        16.6.7. Recent Developments

        16.6.8. Financial Analysis

        16.6.9. Profitability

        16.6.10. Revenue Share

    16.7. NSK Ltd.

        16.7.1. Company Overview

        16.7.2. Company Footprints

        16.7.3. Production Locations

        16.7.4. Product Portfolio

        16.7.5. Competitors & Customers

        16.7.6. Subsidiaries & Parent Organization

        16.7.7. Recent Developments

        16.7.8. Financial Analysis

        16.7.9. Profitability

        16.7.10. Revenue Share

    16.8. Mitsubishi Electric Corporation

        16.8.1. Company Overview

        16.8.2. Company Footprints

        16.8.3. Production Locations

        16.8.4. Product Portfolio

        16.8.5. Competitors & Customers

        16.8.6. Subsidiaries & Parent Organization

        16.8.7. Recent Developments

        16.8.8. Financial Analysis

        16.8.9. Profitability

        16.8.10. Revenue Share

    16.9. China Automotive Systems, Inc.

        16.9.1. Company Overview

        16.9.2. Company Footprints

        16.9.3. Production Locations

        16.9.4. Product Portfolio

        16.9.5. Competitors & Customers

        16.9.6. Subsidiaries & Parent Organization

        16.9.7. Recent Developments

        16.9.8. Financial Analysis

        16.9.9. Profitability

        16.9.10. Revenue Share

    16.10. Delphi Technologies

        16.10.1. Company Overview

        16.10.2. Company Footprints

        16.10.3. Production Locations

        16.10.4. Product Portfolio

        16.10.5. Competitors & Customers

        16.10.6. Subsidiaries & Parent Organization

        16.10.7. Recent Developments

        16.10.8. Financial Analysis

        16.10.9. Profitability

        16.10.10. Revenue Share

    16.11. Hyundai Mobis

        16.11.1. Company Overview

        16.11.2. Company Footprints

        16.11.3. Production Locations

        16.11.4. Product Portfolio

        16.11.5. Competitors & Customers

        16.11.6. Subsidiaries & Parent Organization

        16.11.7. Recent Developments

        16.11.8. Financial Analysis

        16.11.9. Profitability

        16.11.10. Revenue Share

    16.12. Thyssenkrupp

        16.12.1. Company Overview

        16.12.2. Company Footprints

        16.12.3. Production Locations

        16.12.4. Product Portfolio

        16.12.5. Competitors & Customers

        16.12.6. Subsidiaries & Parent Organization

        16.12.7. Recent Developments

        16.12.8. Financial Analysis

        16.12.9. Profitability

        16.12.10. Revenue Share

    16.13. SHOWA Corporation

        16.13.1. Company Overview

        16.13.2. Company Footprints

        16.13.3. Production Locations

        16.13.4. Product Portfolio

        16.13.5. Competitors & Customers

        16.13.6. Subsidiaries & Parent Organization

        16.13.7. Recent Developments

        16.13.8. Financial Analysis

        16.13.9. Profitability

        16.13.10. Revenue Share

    16.14. Mando Corp.

        16.14.1. Company Overview

        16.14.2. Company Footprints

        16.14.3. Production Locations

        16.14.4. Product Portfolio

        16.14.5. Competitors & Customers

        16.14.6. Subsidiaries & Parent Organization

        16.14.7. Recent Developments

        16.14.8. Financial Analysis

        16.14.9. Profitability

        16.14.10. Revenue Share

    16.15. Global Steering Systems

        16.15.1. Company Overview

        16.15.2. Company Footprints

        16.15.3. Production Locations

        16.15.4. Product Portfolio

        16.15.5. Competitors & Customers

        16.15.6. Subsidiaries & Parent Organization

        16.15.7. Recent Developments

        16.15.8. Financial Analysis

        16.15.9. Profitability

        16.15.10. Revenue Share

    16.16. Zhejiang Shibao Company Limited

        16.16.1. Company Overview

        16.16.2. Company Footprints

        16.16.3. Production Locations

        16.16.4. Product Portfolio

        16.16.5. Competitors & Customers

        16.16.6. Subsidiaries & Parent Organization

        16.16.7. Recent Developments

        16.16.8. Financial Analysis

        16.16.9. Profitability

        16.16.10. Revenue Share

    16.17. TRIDEC

        16.17.1. Company Overview

        16.17.2. Company Footprints

        16.17.3. Production Locations

        16.17.4. Product Portfolio

        16.17.5. Competitors & Customers

        16.17.6. Subsidiaries & Parent Organization

        16.17.7. Recent Developments

        16.17.8. Financial Analysis

        16.17.9. Profitability

        16.17.10. Revenue Share

    16.18. Hitachi Automotive Systems

        16.18.1. Company Overview

        16.18.2. Company Footprints

        16.18.3. Production Locations

        16.18.4. Product Portfolio

        16.18.5. Competitors & Customers

        16.18.6. Subsidiaries & Parent Organization

        16.18.7. Recent Developments

        16.18.8. Financial Analysis

        16.18.9. Profitability

        16.18.10. Revenue Share

    16.19. Others

        16.19.1. Company Overview

        16.19.2. Company Footprints

        16.19.3. Production Locations

        16.19.4. Product Portfolio

        16.19.5. Competitors & Customers

        16.19.6. Subsidiaries & Parent Organization

        16.19.7. Recent Developments

        16.19.8. Financial Analysis

        16.19.9. Profitability

        16.19.10. Revenue Share

List of Tables

Table 1: Global Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Motor Assist, 2017-2031

Table 2: Global Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Motor Assist, 2017-2031

Table 3: Global Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Technology, 2017-2031

Table 4: Global Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Technology, 2017-2031

Table 5: Global Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Component, 2017-2031

Table 6: Global Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Component, 2017-2031

Table 7: Global Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031

Table 8: Global Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031

Table 9: Global Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Region, 2017-2031

Table 10: Global Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Region, 2017-2031

Table 11: North America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Motor Assist, 2017-2031

Table 12: North America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Motor Assist, 2017-2031

Table 13: North America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Technology, 2017-2031

Table 14: North America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Technology, 2017-2031

Table 15: North America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Component, 2017-2031

Table 16: North America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Component, 2017-2031

Table 17: North America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031

Table 18: North America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031

Table 19: North America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Country, 2017-2031

Table 20: North America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Country, 2017-2031

Table 21: Europe Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Motor Assist, 2017-2031

Table 22: Europe Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Motor Assist, 2017-2031

Table 23: Europe Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Technology, 2017-2031

Table 24: Europe Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Technology, 2017-2031

Table 25: Europe Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Component, 2017-2031

Table 26: Europe Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Component, 2017-2031

Table 27: Europe Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031

Table 28: Europe Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031

Table 29: Europe Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Country/Sub-region, 2017-2031

Table 30: Europe Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Country/Sub-region, 2017-2031

Table 31: Asia Pacific Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Motor Assist, 2017-2031

Table 32: Asia Pacific Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Motor Assist, 2017-2031

Table 33: Asia Pacific Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Technology, 2017-2031

Table 34: Asia Pacific Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Technology, 2017-2031

Table 35: Asia Pacific Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Component, 2017-2031

Table 36: Asia Pacific Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Component, 2017-2031

Table 37: Asia Pacific Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031

Table 38: Asia Pacific Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031

Table 39: Asia Pacific Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Country/Sub-region, 2017-2031

Table 40: Asia Pacific Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Country, 2017-2031

Table 41: Middle East & Africa Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Motor Assist, 2017-2031

Table 42: Middle East & Africa Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Motor Assist, 2017-2031

Table 43: Middle East & Africa Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Technology, 2017-2031

Table 44: Middle East & Africa Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Technology, 2017-2031

Table 45: Middle East & Africa Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Component, 2017-2031

Table 46: Middle East & Africa Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Component, 2017-2031

Table 47: Middle East & Africa Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031

Table 48: Middle East & Africa Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031

Table 49: Middle East & Africa Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Country/Sub-region, 2017-2031

Table 50: Middle East & Africa Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Country/Sub-region, 2017-2031

Table 51: South America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Motor Assist, 2017-2031

Table 52: South America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Motor Assist, 2017-2031

Table 53: South America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Technology, 2017-2031

Table 54: South America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Technology, 2017-2031

Table 55: South America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Component, 2017-2031

Table 56: South America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Component, 2017-2031

Table 57: South America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031

Table 58: South America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031

Table 59: South America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Country/Sub-region, 2017-2031

Table 60: South America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Country/Sub-region, 2017-2031

List of Figures

Figure 1: Global Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Motor Assist, 2017-2031

Figure 2: Global Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Motor Assist, 2017-2031

Figure 3: Global Automotive Electric Power Steering Market, Incremental Opportunity, by Motor Assist, Value (US$ Bn), 2023-2031

Figure 4: Global Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Technology, 2017-2031

Figure 5: Global Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Technology, 2017-2031

Figure 6: Global Automotive Electric Power Steering Market, Incremental Opportunity, by Technology, Value (US$ Bn), 2023-2031

Figure 7: Global Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Component, 2017-2031

Figure 8: Global Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Component, 2017-2031

Figure 9: Global Automotive Electric Power Steering Market, Incremental Opportunity, by Component, Value (US$ Bn), 2023-2031

Figure 10: Global Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031

Figure 11: Global Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031

Figure 12: Global Automotive Electric Power Steering Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2023-2031

Figure 13: Global Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Region, 2017-2031

Figure 14: Global Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Region, 2017-2031

Figure 15: Global Automotive Electric Power Steering Market, Incremental Opportunity, by Region, Value (US$ Bn), 2023-2031

Figure 16: North America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Motor Assist, 2017-2031

Figure 17: North America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Motor Assist, 2017-2031

Figure 18: North America Automotive Electric Power Steering Market, Incremental Opportunity, by Motor Assist, Value (US$ Bn), 2023-2031

Figure 19: North America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Technology, 2017-2031

Figure 20: North America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Technology, 2017-2031

Figure 21: North America Automotive Electric Power Steering Market, Incremental Opportunity, by Technology, Value (US$ Bn), 2023-2031

Figure 22: North America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Component, 2017-2031

Figure 23: North America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Component, 2017-2031

Figure 24: North America Automotive Electric Power Steering Market, Incremental Opportunity, by Component, Value (US$ Bn), 2023-2031

Figure 25: North America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031

Figure 26: North America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031

Figure 27: North America Automotive Electric Power Steering Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2023-2031

Figure 28: North America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Country, 2017-2031

Figure 29: North America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Country, 2017-2031

Figure 30: North America Automotive Electric Power Steering Market, Incremental Opportunity, by Country, Value (US$ Bn), 2023-2031

Figure 31: Europe Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Motor Assist, 2017-2031

Figure 32: Europe Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Motor Assist, 2017-2031

Figure 33: Europe Automotive Electric Power Steering Market, Incremental Opportunity, by Motor Assist, Value (US$ Bn), 2023-2031

Figure 34: Europe Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Technology, 2017-2031

Figure 35: Europe Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Technology, 2017-2031

Figure 36: Europe Automotive Electric Power Steering Market, Incremental Opportunity, by Technology, Value (US$ Bn), 2023-2031

Figure 37: Europe Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Component, 2017-2031

Figure 38: Europe Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Component, 2017-2031

Figure 39: Europe Automotive Electric Power Steering Market, Incremental Opportunity, by Component, Value (US$ Bn), 2023-2031

Figure 40: Europe Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031

Figure 41: Europe Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031

Figure 42: Europe Automotive Electric Power Steering Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2023-2031

Figure 43: Europe Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Country/Sub-region, 2017-2031

Figure 44: Europe Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Country/Sub-region, 2017-2031

Figure 45: Europe Automotive Electric Power Steering Market, Incremental Opportunity, by Country, Value (US$ Bn), 2023-2031

Figure 46: Asia Pacific Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Motor Assist, 2017-2031

Figure 47: Asia Pacific Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Motor Assist, 2017-2031

Figure 48: Asia Pacific Automotive Electric Power Steering Market, Incremental Opportunity, by Motor Assist, Value (US$ Bn), 2023-2031

Figure 49: Asia Pacific Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Technology, 2017-2031

Figure 50: Asia Pacific Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Technology, 2017-2031

Figure 51: Asia Pacific Automotive Electric Power Steering Market, Incremental Opportunity, by Technology, Value (US$ Bn), 2023-2031

Figure 52: Asia Pacific Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Component, 2017-2031

Figure 53: Asia Pacific Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Component, 2017-2031

Figure 54: Asia Pacific Automotive Electric Power Steering Market, Incremental Opportunity, by Component, Value (US$ Bn), 2023-2031

Figure 55: Asia Pacific Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031

Figure 56: Asia Pacific Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031

Figure 57: Asia Pacific Automotive Electric Power Steering Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2023-2031

Figure 58: Asia Pacific Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Country/Sub-region, 2017-2031

Figure 59: Asia Pacific Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Country/Sub-region, 2017-2031

Figure 60: Asia Pacific Automotive Electric Power Steering Market, Incremental Opportunity, by Country, Value (US$ Bn), 2023-2031

Figure 61: Middle East & Africa Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Motor Assist, 2017-2031

Figure 62: Middle East & Africa Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Motor Assist, 2017-2031

Figure 63: Middle East & Africa Automotive Electric Power Steering Market, Incremental Opportunity, by Motor Assist, Value (US$ Bn), 2023-2031

Figure 64: Middle East & Africa Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Technology, 2017-2031

Figure 65: Middle East & Africa Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Technology, 2017-2031

Figure 66: Middle East & Africa Automotive Electric Power Steering Market, Incremental Opportunity, by Technology, Value (US$ Bn), 2023-2031

Figure 67: Middle East & Africa Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Component, 2017-2031

Figure 68: Middle East & Africa Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Component, 2017-2031

Figure 69: Middle East & Africa Automotive Electric Power Steering Market, Incremental Opportunity, by Component, Value (US$ Bn), 2023-2031

Figure 70: Middle East & Africa Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031

Figure 71: Middle East & Africa Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031

Figure 72: Middle East & Africa Automotive Electric Power Steering Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2023-2031

Figure 73: Middle East & Africa Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Country/Sub-region, 2017-2031

Figure 74: Middle East & Africa Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Country/Sub-region, 2017-2031

Figure 75: Middle East & Africa Automotive Electric Power Steering Market, Incremental Opportunity, by Country, Value (US$ Bn), 2023-2031

Figure 76: South America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Motor Assist, 2017-2031

Figure 77: South America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Motor Assist, 2017-2031

Figure 78: South America Automotive Electric Power Steering Market, Incremental Opportunity, by Motor Assist, Value (US$ Bn), 2023-2031

Figure 79: South America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Technology, 2017-2031

Figure 80: South America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Technology, 2017-2031

Figure 81: South America Automotive Electric Power Steering Market, Incremental Opportunity, by Technology, Value (US$ Bn), 2023-2031

Figure 82: South America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Component, 2017-2031

Figure 83: South America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Component, 2017-2031

Figure 84: South America Automotive Electric Power Steering Market, Incremental Opportunity, by Component, Value (US$ Bn), 2023-2031

Figure 85: South America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031

Figure 86: South America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Vehicle Type, 2017-2031

Figure 87: South America Automotive Electric Power Steering Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2023-2031

Figure 88: South America Automotive Electric Power Steering Market Volume (Million Units) Forecast, by Country, 2017-2031

Figure 89: South America Automotive Electric Power Steering Market Value (US$ Bn) Forecast, by Country/Sub-region, 2017-2031

Figure 90: South America Automotive Electric Power Steering Market, Incremental Opportunity, by Country/Sub-region, Value (US$ Bn), 2023-2031

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