Global Electric Power Steering Market 2017-2021


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70pages

Technavio

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ABSTRACT
About Electric Power Steering

The global automotive industry is experiencing a significant change in terms of electric power steering systems that are increasingly replacing hydraulic power steering in vehicles. Electric power steering system is an improvement over hydraulic system in many ways. They eliminate the use of power steering pumps, improving fuel efficiency in vehicles. It provides more precision and a refined feel, which hydraulic system cannot match. When the thrust of the innovations in the automotive industry is in speed, safety, and fuel efficiency, it is evident that technologies such as electronic power steering systems will eventually capture the market rendering the old technologies obsolete.

Technavios analysts forecast the global electric power steering market to grow at a CAGR of 6.68% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global electric power steering market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of passenger cars and light commercial vehicles (LCVs).

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Electric Power Steering Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
ZF Friedrichshafen
Mitsubishi Electric
Nexteer
TRW Automotive
Other prominent vendors
ATS Automation Tooling Systems
Delphi Automotive
GKN
Hyundai Mobis
JTEKT
Mando
Robert Bosch
thyssenkrupp Presta AG

Market driver
Low penetration of cars in emerging economies.
For a full, detailed list, view our report

Market challenge
Growing car-sharing services in China, India, and Brazil.
For a full, detailed list, view our report

Market trend
Increase in electrification of mechanical components.
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 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?

You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.




Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
Market overview
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
Automotive steering systems: An introduction
Classification of power steering
Components of a typical power steering system
Evolution of steering systems
PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis
PART 06: Market segmentation by product
Global electric power steering market by product
Global electrical power steering market in passenger cars
Global electric power steering market in LCVs
PART 07: Geographical segmentation
Global electric power steering market by geography
Electric power steering market in APAC
Electric power steering market in Americas
Electric power steering market in EMEA
PART 08: Key leading countries
Key leading countries: US and China
PART 09: Market drivers
Key market drivers
Increase in sales of passenger cars and SUVs
Low penetration of cars in emerging economies
Fuel economy benefits
PART 10: Impact of drivers
PART 11: Market challenges
Growing car-sharing services in China, India, and Brazil
Rise in number of on-demand taxi operators
Negligible penetration of electric power steering in HCVs
PART 12: Impact of drivers and challenges
PART 13: Market trends
Penetration of SBW technology
Increase in electrification of mechanical components
Electrohydraulic power steering in HCVs
List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Steering system types
Exhibit 03: Power steering system types
Exhibit 04: Power steering system components
Exhibit 05: Product life cycle of steering systems
Exhibit 06: Segmentation of global electric power steering market
Exhibit 07: Global electric power steering market 2016-2021 (millions of units)
Exhibit 08: Five forces analysis
Exhibit 09: Global electric power steering market: Segmentation by product 2016 and 2021
Exhibit 10: Global electric power steering market by vehicle type 20162021 (millions of units)
Exhibit 11: Global electric power steering market in passenger cars 2016-2021 (millions of units)
Exhibit 12: Global electric power steering market in LCVs 2016-2021 (millions of units)
Exhibit 13: Global electric power steering market by geography 2016 and 2021
Exhibit 14: Electric power steering market in APAC 2016-2021 (millions of units)
Exhibit 15: Electric power steering market in Americas 2016-2021 (millions of units)
Exhibit 16: Electric power steering market in EMEA 2016-2021 (millions of units)
Exhibit 17: Key leading countries in global electric power steering market
Exhibit 18: Impact of drivers
Exhibit 19: Impact of drivers and challenges
Exhibit 20: Electronic contents in vehicles 2014-2021
Exhibit 21: ZF Friedrichshafen: Product portfolios
Exhibit 22: ZF Friedrichshafen: Business segmentation by revenue 2015
Exhibit 23: Mitsubishi Electric: Product portfolio
Exhibit 24: Mitsubishi Electric: Recent developments
Exhibit 25: Nexteer: Product segmentation by revenue 2015
Exhibit 26: Nexteer: Geographical segmentation by revenue 2015
Exhibit 27: Nexteer: Automotive steering system product portfolio
Exhibit 28: Nexteer: Recent developments
Exhibit 29: TRW Automotive: Product portfolio
Exhibit 30: TRW Automotive: Recent developments