Electrically powered steering belt drive Market - Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 - 2025


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Electrically powered steering - belt drive market: Overview

Electrically powered steering - belt drive systems market is an emerging automation market because of its applications in automobiles. Automobile industry is working on some new technologies which can convert the manual driving into an electric or wired one, and these systems have served as a small step in the future of automation. The belts used in these systems should be flexible, durable and reliable. Stretch belts are used in electrically powered systems because they can take the load off the components attached in the belt drive system and are more durable than serpentine belts. The belt drive systems consist of an electric motor, pulleys, rack and pinion system, torsion bar and steering column. An electric motor converts the torque into a force which is used to move the steering wheel. V belts and multi V belts are used whenever synchronous motion is not required in the system.

Electrically powered steering - belt drive market: Drivers & Restraints

Electrically powered steering belt drive systems provide more space for packaging, lower inertia and a simple and efficient design for a wide range of automobiles. This serves as a driving force for the belt drive electrically powered steering systems. EPS belt drive consumes less power and is fuel efficient. They emit a lower percentage of carbon dioxide than other systems and are also named environment friendly systems. Their biggest advantage is that if the systems get failed then the steering can be moved manually and this lowers down the risk of accidents. EPS systems are economical they require less maintenance cost. EPS belt drive systems get easily heated, and so they can work on a specific temperature which serves as the biggest restraint in the EPS belt drive systems market.  The latest trend which has gain popularity in these systems is the electrification of mechanical components. Efficiency and the speed of the components get increased on electrifying them.

Electrically powered steering - belt drive: Market Segmentation

On the basis of the position of assist motor, electrically powered steering - belt drive market is divided into:-

  • Column assist type (C-EPS)
  • Pinion assist type (P-EPS)
  • Direct drive type (D-EPS)
  • Rack assist type (R-EPS)

On the basis of the type of materials used to make belts, electrically powered steering - belt drive market is divided into:-

  • Polyamide fabric
  • HNBR (hydrogenated nitrile butadiene rubber) elastomers
  • PTFE (Polytetrafluroethylene) fabric
  • Broken glass fibers
  • Natural rubber with styrene butadiene rubber

On the basis of the type of belts used, electrically powered steering – belt drive market is divided into:-

  • Stretch belts
  • Serpentine belts

On the basis of the number of belts used, electrically powered steering – belt drive market is divided into:-

  • V belts
  • Multi V belts

On the basis of the end user industry, electrically powered steering – belt drive market is divided into:-

  • SUV’s
  • Passenger cars
  • Light weight cars
  • Others

Segmentation Overview

Temperature resistant polyamide fabric is used to provide a wear resistance across the edges. HNBR elastomers are also used because of their excellent fiber reinforced polymer which provides high dynamic strength and aging resistance. HNBR elastomers can be used at high temperatures. PTFE fabrics are used when the load demand is high. Natural V belts are made up of styrene butadiene and natural rubber which helps in providing stiffness to the belt.

Electrically powered steering - belt drive:  Region wise Outlook

The electrically powered steering - belt drive market is divided into five regions, namely North America, Latin America, Asia-Pacific, Europe, and the Middle East and Africa (MEA). Electrically powered steering belt drive market is high in the mature markets like North America and Europe because of their continuous efforts in using advanced technologies and bringing it to the market. Asia Pacific and Latin America are at the initial stages of development excluding China and Japan and are getting familiar with these systems and have started incorporating the belt drive systems in their automobiles. China and Japan are working on the new technologies which they can add in these systems and are expected to grow in future. The Middle East and African countries have also started using these systems and are expected to grow in future.

Electrically powered steering - belt drive market: Key Players

Some of the key players identified in electrically powered steering - belt drive market are:-

  • TRW
  • Dayco
  • Herald wheels
  • Motor mechanic
  • ZF Friedrichshafen AG
  • Others

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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