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Global Electric Power Steering (EPS) Market 2015-2019

Global Electric Power Steering (EPS) Market 2015-2019

About Electric Power Steering System

EPS systems are rapidly gaining acceptance among automakers and consumers because of the benefits they offer. They are lightweight and offer more fuel economy, when compared with hydraulic power steering systems. In terms of precision, EPS systems are more precise and reduce the steering effort.

TechNavio's analysts forecast the Global Electric Power Steering market to grow at a CAGR of 8.63 percent over the period 2014-2019.

Covered in this Report



TechNavio's report, Global Electric Power Steering Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Vendors

  • JTEKT Corp.
  • Mitsubishi Electric Corp.
  • Nexteer Automotive
  • NSK Limited
  • TRW Automotive
Other Prominent Vendors
  • Bosch Corporation
  • China Automotive Systems Inc.
  • Continental AG
  • Delphi Automotive
  • Federal-Mogul Corp.
  • Mando Corp.
  • Showa Corp
Market Driver
  • Increase in Vehicle Production installed with EPS
  • For a full, detailed list, view our report.
Market Challenge
  • Aftermarket Issues
  • For a full, detailed list, view our report.
Market Trend
  • Emerging Markets Potential
  • For a full, detailed list, view our report.
Key Questions Answered in this Report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

TechNavio Announces the Publication of its Research Report – Global Electric Power Steering Market 2015-2019

TechNavio recognizes the following companies as the key players in the Global Electric Power Steering Market: JTEKT Corp., Mitsubishi Electric Corp., Nexteer Automotive, NSK Ltd. and TRW Automotive Holdings Corp.

Other Prominent Vendors in the market are: China Automotive Systems, Continental, Delphi Automotive, Mando, Showa and ZF Lenksysteme.

Commenting on the report, an analyst from TechNavio’s team said: “Emerging economies such as China, Brazil, and India are experiencing rapid expansion and growth in terms of economy and infrastructure. These economies are poised to become prominent automotive markets globally in the coming years. This is also influencing the demand for vehicles fitted with EPS systems. Many automakers and component manufacturers are increasing their R&D spending to improve their product lines and bring in more technological innovations that would reduce/control emission levels.”

According to the report, the growth of the market is attributed to the increase in demand for passenger cars fitted with EPS systems. Countries worldwide are implementing stringent regulations to reduce/control vehicle emission levels. The fuel economy of EPS-fitted cars is higher than that of hydraulic steering-fitted cars.

Further, the report states that vendors in this market, however, have to grapple with the rising cost of raw materials. This adds to their production costs, but vendors or manufacturers are unable to pass this extra cost on to customers because of the intensely competitive nature of the market. This negatively affects their profit margins.

Companies Mentioned

JTEKT Corp., Mitsubishi Electric Corp., Nexteer Automotive , NSK Limited , TRW Automotive, Bosch Corporation , China Automotive Systems Inc., Continental AG, Delphi Automotive, Federal-Mogul Corp., Mando Corp., Showa Corpms

  • Executive Summary
  • List of Abbreviations
  • Scope of the Report
    • Market Overview
    • Product Offerings
  • Market Research Methodology
    • Market Research Process
    • Research Methodology
      • Table Market Research Methodology
  • Introduction
  • Market Landscape
    • Market Overview
    • Market Size and Forecast
      • Table Global EPS Market 2014-2019 (million units)
    • Five Forces Analysis
  • Market Segmentation by Type
    • Global EPS Market by Type 2014-2019
      • Table Global EPS Market by Type
      • Table Global EPS Market by Type 2014-2019
    • Global Column Type EPS Market
      • Market Size and Forecast
        • Table Global Column Type EPS Market 2014-2019 (million units)
    • Global Rack Type EPS Market
      • Market Size and Forecast
        • Table Global Rack Type EPS Market 2014-2019 (million units)
    • Global Pinion Type EPS Market
      • Market Size and Forecast
        • Table Global Pinion Type EPS Market 2014-2019 (million units)
  • Geographical Segmentation
    • Global EPS Market by Geographical Segmentation 2014-2019
      • Table Global EPS Market by Geographical Segmentation 2014
    • EPS Market in APAC Region
      • Market Size and Forecast
        • Table EPS Market in APAC Region 2014-2019 (million units)
    • EPS Market in EMEA Region
      • Market Size and Forecast
        • Table EPS Market in EMEA Region 2014-2019 (million units)
    • EPS Market in Americas
      • Market Size and Forecast
        • Table EPS Market in Americas 2014-2019 (million units)
  • Buying Criteria
  • Market Growth Drivers
  • Drivers and their Impact
  • Market Challenges
  • Impact of Drivers and Challenges
  • Market Trends
  • Trends and their Impact
  • Vendor Landscape
    • Competitive Scenario
    • Other Prominent Vendors
  • Key Vendor Analysis
    • JTEKT
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2014
        • Table JTEKT: Business Segmentation by Revenue 2014
      • Geographical Segmentation by Revenue 2014
        • Table JTEKT: Geographical Segmentation by Revenue 2014
      • Recent Developments
      • SWOT Analysis
    • Mitsubishi Electric
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table Mitsubishi Electric: Business Segmentation by Revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table Mitsubishi Electric: Business Segmentation by Revenue 2012 and 2013 (US$ billion)
      • Geographical Segmentation by Revenue 2013
        • Table Mitsubishi Electric: Geographical Segmentation by Revenue 2013
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • Nexteer Automotive
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table Nexteer Automotive: Business Segmentation by Revenue 2013
      • Geographical Segmentation by Revenue 2013
        • Table Nexteer Automotive : Geographical Segmentation by Revenue 2013
      • Recent Developments
      • SWOT Analysis
    • NSK
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table NSK: Business Segmentation by Revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table NSK: Business Segmentation by Revenue 2012 and 2013 (US$ billion)
      • Geographical Segmentation by Revenue 2013
        • Table NSK: Geographical Segmentation by Revenue 2013
      • Business Strategy
      • Key Developments
      • SWOT Analysis
    • TRW Automotive Holdings
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table TRW Automotive: Business Segmentation by Revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table TRW Automotive: Business Segmentation by Revenue 2012 and 2013 (US$ million)
      • Geographical Segmentation by Revenue 2013
        • Table TRW Automotive: Geographical Segmentation by Revenue 2013
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
  • Other Reports in this Series

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