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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