Need help finding what you are looking for?
Contact Us
PUBLISHER: KBV Research | PRODUCT CODE: 1336015
PUBLISHER: KBV Research | PRODUCT CODE: 1336015
Europe Automotive Electric Power Steering Market Size, Share & Industry Trends Analysis Report By Propulsion Type, By Component, By Vehicle Type, By Type, By Country and Growth Forecast, 2023 - 2030
PUBLISHED:
PAGES: 139 Pages
DELIVERY TIME: 1-2 business days
SELECT AN OPTION
The Europe Automotive Electric Power Steering Market would witness market growth of 5.2% CAGR during the forecast period (2023-2030).
Electric power steering in automobiles is a sophisticated steering system that reduces the exertion required to turn the wheels. This is accomplished by augmenting the force transferred to the steering wheel via electric power. The EPS system efficiently controls and supports vehicle steering using an electric motor, resulting in an optimal and delightful steering experience. Furthermore, EPS (Electric Power Steering) technology enables highly automated driving systems. When a driver initiates a steering input within an electric power steering system by rotating the steering wheel, sensors on the steering column capture the input and communicate it to the vehicle's Electronic Control Unit (ECU). After analyzing these inputs, The ECU sends an electronic signal to an electronic motor positioned at the end of the steering column. In response to signals from the ECU, the electric motor's gearing generates torque, which is subsequently sent to the pinion. In turn, the pinion transmits this torque to the rack, thereby facilitating the rotation of the vehicle's axles.
The expansion of the automotive industry is vital to the European economy. The automotive industry in the European Union employs 2.6 million individuals or 8.5% of all manufacturing employment. Additionally, there has been an increase in the number of vehicles purchased by local businesses. Additionally, these vehicles are used to transport products purchased online. As e-commerce expands across Europe, there is an increasing demand for a more modern distribution network. BMW Group, VW Group, and Daimler Group are among Germany's reputable manufacturers. Germany is a significant European automotive center. The country is a significant producer of light commercial vehicles in Europe. In addition, German manufacturers of lightweight commercial trailers produce more than the government requires. The expansion of the automotive industry would eventually result in the development of the market.
The Germany market dominated the Europe Automotive Electric Power Steering Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,194.1 million by 2030. The UK market is exhibiting a CAGR of 4.3% during (2023 - 2030). Additionally, The France market would experience a CAGR of 5.9% during (2023 - 2030).
Based on Propulsion Type, the market is segmented into ICE and Electric. Based on Component, the market is segmented into Steering Column, Electric Control Unit, Electric Motor, Rack & Pinion and Others. Based on Vehicle Type, the market is segmented into Passenger Cars and Commercial Vehicles. Based on Type, the market is segmented into Column Electric Power Steering, Rack Electric Power Steering and Pinion Electric Power Steering. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include NSK Ltd., Robert Bosch GmbH, HL Mando Corporation, Hitachi, Ltd., JTEKT Corporation, ZF Friedrichshafen AG, Thyssenkrupp AG, BBB Industries (Clearlake Capital Group, L.P.), Nexteer Automotive (Pacific Century Motors) and Zhejiang Shibao Co., Ltd.
Scope of the Study
Market Segments covered in the Report:
By Propulsion Type
- ICE
- Electric
By Component
- Steering Column
- Electric Control Unit
- Electric Motor
- Rack & Pinion
- Others
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
By Type
- Column Electric Power Steering
- Rack Electric Power Steering
- Pinion Electric Power Steering
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Companies Profiled
- NSK Ltd.
- Robert Bosch GmbH
- HL Mando Corporation
- Hitachi, Ltd.
- JTEKT Corporation
- ZF Friedrichshafen AG
- Thyssenkrupp AG
- BBB Industries (Clearlake Capital Group, L.P.)
- Nexteer Automotive (Pacific Century Motors)
- Zhejiang Shibao Co., Ltd.
Unique Offerings from KBV Research
- Exhaustive coverage
- Highest number of market tables and figures
- Subscription based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Automotive Electric Power Steering Market, by Propulsion Type
- 1.4.2 Europe Automotive Electric Power Steering Market, by Component
- 1.4.3 Europe Automotive Electric Power Steering Market, by Vehicle Type
- 1.4.4 Europe Automotive Electric Power Steering Market, by Type
- 1.4.5 Europe Automotive Electric Power Steering Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.3 Porter's Five Forces Analysis
Chapter 4. Strategies Deployed in Automotive Electric Power Steering Market
Chapter 5. Europe Automotive Electric Power Steering Market by Propulsion Type
- 5.1 Europe ICE Market by Country
- 5.2 Europe Electric Market by Country
Chapter 6. Europe Automotive Electric Power Steering Market by Component
- 6.1 Europe Steering Column Market by Country
- 6.2 Europe Electric Control Unit Market by Country
- 6.3 Europe Electric Motor Market by Country
- 6.4 Europe Rack & Pinion Market by Country
- 6.5 Europe Others Market by Country
Chapter 7. Europe Automotive Electric Power Steering Market by Vehicle Type
- 7.1 Europe Passenger Cars Market by Country
- 7.2 Europe Commercial Vehicles Market by Country
Chapter 8. Europe Automotive Electric Power Steering Market by Type
- 8.1 Europe Column Electric Power Steering Market by Country
- 8.2 Europe Rack Electric Power Steering Market by Country
- 8.3 Europe Pinion Electric Power Steering Market by Country
Chapter 9. Europe Automotive Electric Power Steering Market by Country
- 9.1 Germany Automotive Electric Power Steering Market
- 9.1.1 Germany Automotive Electric Power Steering Market by Propulsion Type
- 9.1.2 Germany Automotive Electric Power Steering Market by Component
- 9.1.3 Germany Automotive Electric Power Steering Market by Vehicle Type
- 9.1.4 Germany Automotive Electric Power Steering Market by Type
- 9.2 UK Automotive Electric Power Steering Market
- 9.2.1 UK Automotive Electric Power Steering Market by Propulsion Type
- 9.2.2 UK Automotive Electric Power Steering Market by Component
- 9.2.3 UK Automotive Electric Power Steering Market by Vehicle Type
- 9.2.4 UK Automotive Electric Power Steering Market by Type
- 9.3 France Automotive Electric Power Steering Market
- 9.3.1 France Automotive Electric Power Steering Market by Propulsion Type
- 9.3.2 France Automotive Electric Power Steering Market by Component
- 9.3.3 France Automotive Electric Power Steering Market by Vehicle Type
- 9.3.4 France Automotive Electric Power Steering Market by Type
- 9.4 Russia Automotive Electric Power Steering Market
- 9.4.1 Russia Automotive Electric Power Steering Market by Propulsion Type
- 9.4.2 Russia Automotive Electric Power Steering Market by Component
- 9.4.3 Russia Automotive Electric Power Steering Market by Vehicle Type
- 9.4.4 Russia Automotive Electric Power Steering Market by Type
- 9.5 Spain Automotive Electric Power Steering Market
- 9.5.1 Spain Automotive Electric Power Steering Market by Propulsion Type
- 9.5.2 Spain Automotive Electric Power Steering Market by Component
- 9.5.3 Spain Automotive Electric Power Steering Market by Vehicle Type
- 9.5.4 Spain Automotive Electric Power Steering Market by Type
- 9.6 Italy Automotive Electric Power Steering Market
- 9.6.1 Italy Automotive Electric Power Steering Market by Propulsion Type
- 9.6.2 Italy Automotive Electric Power Steering Market by Component
- 9.6.3 Italy Automotive Electric Power Steering Market by Vehicle Type
- 9.6.4 Italy Automotive Electric Power Steering Market by Type
- 9.7 Rest of Europe Automotive Electric Power Steering Market
- 9.7.1 Rest of Europe Automotive Electric Power Steering Market by Propulsion Type
- 9.7.2 Rest of Europe Automotive Electric Power Steering Market by Component
- 9.7.3 Rest of Europe Automotive Electric Power Steering Market by Vehicle Type
- 9.7.4 Rest of Europe Automotive Electric Power Steering Market by Type
Chapter 10. Company Profiles
- 10.1 NSK Ltd.
- 10.1.1 Company Overview
- 10.1.2 Financial Analysis
- 10.1.3 Segmental and Regional Analysis
- 10.1.4 Research & Development Expenses
- 10.1.5 Recent strategies and developments:
- 10.1.5.1 Partnerships, Collaborations, and Agreements:
- 10.1.5.2 Geographical Expansions:
- 10.1.6 SWOT Analysis
- 10.2 Robert Bosch GmbH
- 10.2.1 Company Overview
- 10.2.2 Financial Analysis
- 10.2.3 Segmental and Regional Analysis
- 10.2.4 Research & Development Expense
- 10.2.5 SWOT Analysis
- 10.3 HL Mando Corporation
- 10.3.1 Company Overview
- 10.3.2 Financial Analysis
- 10.3.3 Regional Analysis
- 10.3.4 Research & Development Expenses
- 10.3.5 Recent strategies and developments:
- 10.3.5.1 Partnerships, Collaborations, and Agreements:
- 10.3.6 SWOT Analysis
- 10.4 Hitachi, Ltd.
- 10.4.1 Company Overview
- 10.4.2 Financial Analysis
- 10.4.3 Segmental and Regional Analysis
- 10.4.4 Research & Development Expenses
- 10.4.5 Recent strategies and developments:
- 10.4.5.1 Partnerships, Collaborations, and Agreements:
- 10.4.6 SWOT Analysis
- 10.5 JTEKT Corporation
- 10.5.1 Company Overview
- 10.5.2 Financial Analysis
- 10.5.3 Segmental Analysis
- 10.5.4 Research & Development Expenses
- 10.5.5 Recent strategies and developments:
- 10.5.5.1 Acquisition and Mergers:
- 10.5.6 SWOT Analysis
- 10.6 ZF Friedrichshafen AG
- 10.6.1 Company Overview
- 10.6.2 Financial Analysis
- 10.6.3 Regional Analysis
- 10.6.4 Research & Development Expenses
- 10.6.5 Recent strategies and developments:
- 10.6.5.1 Partnerships, Collaborations, and Agreements:
- 10.6.6 SWOT Analysis
- 10.7 Thyssenkrupp AG
- 10.7.1 Company Overview
- 10.7.2 Financial Analysis
- 10.7.3 Segmental and Regional Analysis
- 10.7.4 Research & Development Expenses
- 10.7.5 SWOT Analysis
- 10.8 BBB Industries (Clearlake Capital Group, L.P.)
- 10.8.1 Company Overview
- 10.8.2 Recent strategies and developments:
- 10.8.2.1 Acquisition and Mergers:
- 10.8.3 SWOT Analysis
- 10.9 Nexteer Automotive (Pacific Century Motors)
- 10.9.1 Company Overview
- 10.9.2 Financial Analysis
- 10.9.3 Regional Analysis
- 10.9.4 Recent strategies and developments:
- 10.9.4.1 Product Launches and Product Expansions:
- 10.9.5 SWOT Analysis
- 10.10. Zhejiang Shibao Co., Ltd.
- 10.10.1 Company Overview
- 10.10.2 Financial Analysis
- 10.10.3 Regional Analysis
- 10.10.4 Research & Development Expenses
LIST OF TABLES
- TABLE 1 Europe Automotive Electric Power Steering Market, 2019 - 2022, USD Million
- TABLE 2 Europe Automotive Electric Power Steering Market, 2023 - 2030, USD Million
- TABLE 3 Europe Automotive Electric Power Steering Market by Propulsion Type, 2019 - 2022, USD Million
- TABLE 4 Europe Automotive Electric Power Steering Market by Propulsion Type, 2023 - 2030, USD Million
- TABLE 5 Europe ICE Market by Country, 2019 - 2022, USD Million
- TABLE 6 Europe ICE Market by Country, 2023 - 2030, USD Million
- TABLE 7 Europe Electric Market by Country, 2019 - 2022, USD Million
- TABLE 8 Europe Electric Market by Country, 2023 - 2030, USD Million
- TABLE 9 Europe Automotive Electric Power Steering Market by Component, 2019 - 2022, USD Million
- TABLE 10 Europe Automotive Electric Power Steering Market by Component, 2023 - 2030, USD Million
- TABLE 11 Europe Steering Column Market by Country, 2019 - 2022, USD Million
- TABLE 12 Europe Steering Column Market by Country, 2023 - 2030, USD Million
- TABLE 13 Europe Electric Control Unit Market by Country, 2019 - 2022, USD Million
- TABLE 14 Europe Electric Control Unit Market by Country, 2023 - 2030, USD Million
- TABLE 15 Europe Electric Motor Market by Country, 2019 - 2022, USD Million
- TABLE 16 Europe Electric Motor Market by Country, 2023 - 2030, USD Million
- TABLE 17 Europe Rack & Pinion Market by Country, 2019 - 2022, USD Million
- TABLE 18 Europe Rack & Pinion Market by Country, 2023 - 2030, USD Million
- TABLE 19 Europe Others Market by Country, 2019 - 2022, USD Million
- TABLE 20 Europe Others Market by Country, 2023 - 2030, USD Million
- TABLE 21 Europe Automotive Electric Power Steering Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 22 Europe Automotive Electric Power Steering Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 23 Europe Passenger Cars Market by Country, 2019 - 2022, USD Million
- TABLE 24 Europe Passenger Cars Market by Country, 2023 - 2030, USD Million
- TABLE 25 Europe Commercial Vehicles Market by Country, 2019 - 2022, USD Million
- TABLE 26 Europe Commercial Vehicles Market by Country, 2023 - 2030, USD Million
- TABLE 27 Europe Automotive Electric Power Steering Market by Type, 2019 - 2022, USD Million
- TABLE 28 Europe Automotive Electric Power Steering Market by Type, 2023 - 2030, USD Million
- TABLE 29 Europe Column Electric Power Steering Market by Country, 2019 - 2022, USD Million
- TABLE 30 Europe Column Electric Power Steering Market by Country, 2023 - 2030, USD Million
- TABLE 31 Europe Rack Electric Power Steering Market by Country, 2019 - 2022, USD Million
- TABLE 32 Europe Rack Electric Power Steering Market by Country, 2023 - 2030, USD Million
- TABLE 33 Europe Pinion Electric Power Steering Market by Country, 2019 - 2022, USD Million
- TABLE 34 Europe Pinion Electric Power Steering Market by Country, 2023 - 2030, USD Million
- TABLE 35 Europe Automotive Electric Power Steering Market by Country, 2019 - 2022, USD Million
- TABLE 36 Europe Automotive Electric Power Steering Market by Country, 2023 - 2030, USD Million
- TABLE 37 Germany Automotive Electric Power Steering Market, 2019 - 2022, USD Million
- TABLE 38 Germany Automotive Electric Power Steering Market, 2023 - 2030, USD Million
- TABLE 39 Germany Automotive Electric Power Steering Market by Propulsion Type, 2019 - 2022, USD Million
- TABLE 40 Germany Automotive Electric Power Steering Market by Propulsion Type, 2023 - 2030, USD Million
- TABLE 41 Germany Automotive Electric Power Steering Market by Component, 2019 - 2022, USD Million
- TABLE 42 Germany Automotive Electric Power Steering Market by Component, 2023 - 2030, USD Million
- TABLE 43 Germany Automotive Electric Power Steering Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 44 Germany Automotive Electric Power Steering Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 45 Germany Automotive Electric Power Steering Market by Type, 2019 - 2022, USD Million
- TABLE 46 Germany Automotive Electric Power Steering Market by Type, 2023 - 2030, USD Million
- TABLE 47 UK Automotive Electric Power Steering Market, 2019 - 2022, USD Million
- TABLE 48 UK Automotive Electric Power Steering Market, 2023 - 2030, USD Million
- TABLE 49 UK Automotive Electric Power Steering Market by Propulsion Type, 2019 - 2022, USD Million
- TABLE 50 UK Automotive Electric Power Steering Market by Propulsion Type, 2023 - 2030, USD Million
- TABLE 51 UK Automotive Electric Power Steering Market by Component, 2019 - 2022, USD Million
- TABLE 52 UK Automotive Electric Power Steering Market by Component, 2023 - 2030, USD Million
- TABLE 53 UK Automotive Electric Power Steering Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 54 UK Automotive Electric Power Steering Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 55 UK Automotive Electric Power Steering Market by Type, 2019 - 2022, USD Million
- TABLE 56 UK Automotive Electric Power Steering Market by Type, 2023 - 2030, USD Million
- TABLE 57 France Automotive Electric Power Steering Market, 2019 - 2022, USD Million
- TABLE 58 France Automotive Electric Power Steering Market, 2023 - 2030, USD Million
- TABLE 59 France Automotive Electric Power Steering Market by Propulsion Type, 2019 - 2022, USD Million
- TABLE 60 France Automotive Electric Power Steering Market by Propulsion Type, 2023 - 2030, USD Million
- TABLE 61 France Automotive Electric Power Steering Market by Component, 2019 - 2022, USD Million
- TABLE 62 France Automotive Electric Power Steering Market by Component, 2023 - 2030, USD Million
- TABLE 63 France Automotive Electric Power Steering Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 64 France Automotive Electric Power Steering Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 65 France Automotive Electric Power Steering Market by Type, 2019 - 2022, USD Million
- TABLE 66 France Automotive Electric Power Steering Market by Type, 2023 - 2030, USD Million
- TABLE 67 Russia Automotive Electric Power Steering Market, 2019 - 2022, USD Million
- TABLE 68 Russia Automotive Electric Power Steering Market, 2023 - 2030, USD Million
- TABLE 69 Russia Automotive Electric Power Steering Market by Propulsion Type, 2019 - 2022, USD Million
- TABLE 70 Russia Automotive Electric Power Steering Market by Propulsion Type, 2023 - 2030, USD Million
- TABLE 71 Russia Automotive Electric Power Steering Market by Component, 2019 - 2022, USD Million
- TABLE 72 Russia Automotive Electric Power Steering Market by Component, 2023 - 2030, USD Million
- TABLE 73 Russia Automotive Electric Power Steering Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 74 Russia Automotive Electric Power Steering Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 75 Russia Automotive Electric Power Steering Market by Type, 2019 - 2022, USD Million
- TABLE 76 Russia Automotive Electric Power Steering Market by Type, 2023 - 2030, USD Million
- TABLE 77 Spain Automotive Electric Power Steering Market, 2019 - 2022, USD Million
- TABLE 78 Spain Automotive Electric Power Steering Market, 2023 - 2030, USD Million
- TABLE 79 Spain Automotive Electric Power Steering Market by Propulsion Type, 2019 - 2022, USD Million
- TABLE 80 Spain Automotive Electric Power Steering Market by Propulsion Type, 2023 - 2030, USD Million
- TABLE 81 Spain Automotive Electric Power Steering Market by Component, 2019 - 2022, USD Million
- TABLE 82 Spain Automotive Electric Power Steering Market by Component, 2023 - 2030, USD Million
- TABLE 83 Spain Automotive Electric Power Steering Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 84 Spain Automotive Electric Power Steering Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 85 Spain Automotive Electric Power Steering Market by Type, 2019 - 2022, USD Million
- TABLE 86 Spain Automotive Electric Power Steering Market by Type, 2023 - 2030, USD Million
- TABLE 87 Italy Automotive Electric Power Steering Market, 2019 - 2022, USD Million
- TABLE 88 Italy Automotive Electric Power Steering Market, 2023 - 2030, USD Million
- TABLE 89 Italy Automotive Electric Power Steering Market by Propulsion Type, 2019 - 2022, USD Million
- TABLE 90 Italy Automotive Electric Power Steering Market by Propulsion Type, 2023 - 2030, USD Million
- TABLE 91 Italy Automotive Electric Power Steering Market by Component, 2019 - 2022, USD Million
- TABLE 92 Italy Automotive Electric Power Steering Market by Component, 2023 - 2030, USD Million
- TABLE 93 Italy Automotive Electric Power Steering Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 94 Italy Automotive Electric Power Steering Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 95 Italy Automotive Electric Power Steering Market by Type, 2019 - 2022, USD Million
- TABLE 96 Italy Automotive Electric Power Steering Market by Type, 2023 - 2030, USD Million
- TABLE 97 Rest of Europe Automotive Electric Power Steering Market, 2019 - 2022, USD Million
- TABLE 98 Rest of Europe Automotive Electric Power Steering Market, 2023 - 2030, USD Million
- TABLE 99 Rest of Europe Automotive Electric Power Steering Market by Propulsion Type, 2019 - 2022, USD Million
- TABLE 100 Rest of Europe Automotive Electric Power Steering Market by Propulsion Type, 2023 - 2030, USD Million
- TABLE 101 Rest of Europe Automotive Electric Power Steering Market by Component, 2019 - 2022, USD Million
- TABLE 102 Rest of Europe Automotive Electric Power Steering Market by Component, 2023 - 2030, USD Million
- TABLE 103 Rest of Europe Automotive Electric Power Steering Market by Vehicle Type, 2019 - 2022, USD Million
- TABLE 104 Rest of Europe Automotive Electric Power Steering Market by Vehicle Type, 2023 - 2030, USD Million
- TABLE 105 Rest of Europe Automotive Electric Power Steering Market by Type, 2019 - 2022, USD Million
- TABLE 106 Rest of Europe Automotive Electric Power Steering Market by Type, 2023 - 2030, USD Million
- TABLE 107 Key Information - Nsk ltd.
- TABLE 108 Key Information - Robert Bosch GmbH
- TABLE 109 Key Information - HL Mando Corporation
- TABLE 110 Key Information - Hitachi, Ltd.
- TABLE 111 Key information - JTEKT Corporation
- TABLE 112 Key Information - ZF Friedrichshafen AG
- TABLE 113 Key Information - ThyssenKrupp AG
- TABLE 114 Key Information - BBB Industries
- TABLE 115 Key Information - Nexteer Automotive
- TABLE 116 Key Information - Zhejiang Shibao Co., Ltd.
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.