This study provides an analysis of the European power steering market. Power steering has been widely adopted in the passenger vehicle industry in Europe as it enables fuel efficiency, ensures easy integration with other vehicle systems, improves steering performance, and provides enhanced assistance for advanced driver-assistance systems (ADAS) and autonomous driving (AD).
Focusing primarily on the electric power steering (EPS) ecosystem, the study analyzes the current market landscape and offers relevant market growth forecasts. The EPS market in Europe was valued at $2.4 billion in 2022. The market is expected to have a compound annual growth rate (CAGR) of 3.0% from 2022 to 2030, achieving a value of $3.1 billion by the end of the forecast period. The study provides a comprehensive analysis and forecast of the revenue and volume potential of different types of EPS systems, such as column-assist EPS, pinion-assist EPS, and rack-assist EPS. Additionally, it examines the impact of technological advancements, emerging trends, and industry challenges on the EPS market in Europe. The study also identifies the key factors driving and restraining the growth of the market and provides valuable insights to help industry stakeholders navigate the evolving EPS market in Europe and capitalize on the growth opportunities emerging out of this space.
Key Issues Addressed
- What are the different types of power steering systems?
- How is the EPS market expected to grow? What are the key drivers and restraints for the EPS market?
- Which are the key original equipment manufacturers (OEMs) and suppliers of EPS systems?
- What strategies are OEMs adopting for EPS manufacturing and deployment in Europe?
- What is the impact of technological advancements and emerging trends on the EPS market in Europe?
- What are the different growth opportunities for the EPS market in Europe until 2030?
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
Impact of the Top 3 Strategic Imperatives on the Passenger Vehicle Power Steering Systems Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Power Steering System Segmentation
Power Steering Systems Definitions
Society of Automotive Engineers (SAE) International’s Definitions for Driving Automation Levels
Vehicle Segmentation
Key Competitors
Key Competitors (continued)
Growth Metrics
Distribution Channels
Growth Drivers
Growth Restraints
EPS System Components
EPS Functional Roadmap
United Nations Economic Commission for Europe (UNECE) Regulation No.157 for Advanced Steering Functions in Vehicles
United Nations Economic Commission for Europe (UNECE) Regulation No.157 for Advanced Steering Functions in Vehicles (continued)
Comparison by EPS Type
Recommended EPS Systems for Passenger Vehicle Segments
EPS Technology Trends
SbW: Crucial Enabler of CASE Mobility
Driver-Out-of-the-Loop Steering Systems for the Future
Technology Trends: HO EPS
Technology Trends: mCEPS
Technology Trends: DC-enabled EPS
Forecast Assumptions
Revenue and Unit Shipment Forecast
Revenue Forecast by Power Steering Type
Unit Shipment Forecast by Power Steering Type
Forecast Analysis
Pricing Trends and Forecast Analysis
Competitive Environment
Growth Metrics
Revenue and Unit Shipment Forecast
CEPS Penetration in Major OEM Groups
Forecast Analysis
Growth Metrics
Revenue and Unit Shipment Forecast
PEPS Penetration in Major OEM Groups
Forecast Analysis
Growth Metrics
Revenue and Unit Shipment Forecast
REPS Penetration in Major OEM Groups
Forecast Analysis
BMW Group
Daimler Group
Ford Motor Company
Hyundai Group
Stellantis
Toyota Group
Volkswagen Group
Nexteer Automotive
JTEKT Corporation
Bosch
ZF
Hyundai Mobis
Supplier Portfolio Snapshot
Growth Opportunity 1: Advanced Steering Systems for ADAS and Autonomous Functions
Growth Opportunity 1: Advanced Steering Systems for ADAS and Autonomous Functions (continued)
Growth Opportunity 2: OEM Migration from Fail-safe to Fail-operational EPS
Growth Opportunity 2: OEM Migration from Fail-safe to Fail-operational EPS (continued)
Growth Opportunity 3: Supplier Consolidation and Partnership to Gain Market Leadership
Growth Opportunity 3: Supplier Consolidation and Partnership to Gain Market Leadership (continued)
EPS: Future System Architecture
Conclusions and Future Outlook
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
List of Figures- Power Steering Systems: Segmentation, Europe, 2022
- Power Steering Systems: Definition by Type, Europe, 2022
- Power Steering Systems: Growth Metrics, Europe, 2022
- Power Steering Systems: Distribution Channel Analysis, Europe, 2022
- Power Steering Systems: Growth Drivers, Europe, 2023–2030
- Power Steering Systems: Growth Restraints, Europe, 2023–2030
- EPS: System Schematic, Europe, 2022
- EPS: Functional Roadmap, Europe, 2022
- EPS: Comparison by EPS Type, Europe, 2022
- EPS: Recommended Systems by Passenger Vehicle Segments, Europe, 2022
- SbW: Enabler for CASE Mobility, Europe, 2022
- EPS: Driver-Out-of-the-Loop Steering Development, Europe, 2022
- EPS: HO EPS Capabilities, Europe, 2022
- EPS: mCEPS System, Europe, 2022
- EPS: Control Unit (CU) Architecture for Future Vehicles, Europe, 2022
- Power Steering Systems: Revenue and Unit Shipment Forecast, Europe, 2022–2030
- Power Steering Systems: Revenue Forecast by Type, Europe, 2022–2030
- Power Steering Systems: Unit Shipment Forecast by Type, Europe, 2022–2030
- EPS: Pricing Trends and Forecast by EPS Type, Europe, 2022 and 2030
- EPS: Competitive Environment, Europe, 2022
- CEPS: Growth Metrics, Europe, 2022
- CEPS: Revenue and Unit Shipment Forecast, Europe, 2022–2030
- CEPS: Penetration in OEM Groups, Europe, 2022, 2026, and 2030
- PEPS: Growth Metrics, Europe, 2022
- PEPS: Revenue and Unit Shipment Forecast, Europe, 2022–2030
- PEPS: Penetration in OEM Groups, Europe, 2022, 2026, and 2030
- REPS: Growth Metrics, Europe, 2022
- REPS: Revenue and Unit Shipment Forecast, Europe, 2022–2030
- REPS: Penetration in OEM Groups, Europe, 2022, 2026, and 2030
- EPS: Penetration by Type – BMW Group, Europe, 2022 and 2030
- EPS: Key Statistics – BMW Group, Europe, 2022
- EPS: Penetration by Type – Daimler Group, Europe, 2022 and 2030
- EPS: Key Statistics – Daimler Group, Europe, 2022
- EPS: Penetration by Type – Ford Motor Company, Europe, 2022 and 2030
- EPS: Key Statistics – Ford Motor Company, Europe, 2022
- EPS: Penetration by Type – Hyundai Group, Europe, 2022 and 2030
- EPS: Key Statistics – Hyundai Group, Europe, 2022
- EPS: Key Statistics – Stellantis, Europe, 2022
- EPS: Penetration by Type – Stellantis, Europe, 2022 and 2030
- EPS: Key Statistics – Toyota Group, Europe, 2022
- EPS: Penetration by Type – Toyota Group, Europe, 2022 & 2030
- EPS: Key Statistics – Volkswagen Group, Europe, 2022
- EPS: Penetration by Type – Volkswagen Group, Europe, 2022 and 2030
- Total EPS: Supplier Portfolio, Europe, 2022
- EPS: Fail-safe and Fail-operational Systems, Europe, 2022
- EPS: Fail-operational System Requirements, Europe, 2022
- EPS: Conclusions and Future Outlook, 2022–2030
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This study provides an analysis of the European power steering market. Power steering has been widely adopted in the passenger vehicle industry in Europe as it enables fuel efficiency, ensures easy integration with other vehicle systems, improves steering performance, and provides enhanced assistance for advanced driver-assistance systems (ADAS) and autonomous driving (AD).
Focusing primarily on the electric power steering (EPS) ecosystem, the study analyzes the current market landscape and offers relevant market growth forecasts. The EPS market in Europe was valued at $2.4 billion in 2022. The market is expected to have a compound annual growth rate (CAGR) of 3.0% from 2022 to 2030, achieving a value of $3.1 billion by the end of the forecast period. The study provides a comprehensive analysis and forecast of the revenue and volume potential of different types of EPS systems, such as column-assist EPS, pinion-assist EPS, and rack-assist EPS. Additionally, it examines the impact of technological advancements, emerging trends, and industry challenges on the EPS market in Europe. The study also identifies the key factors driving and restraining the growth of the market and provides valuable insights to help industry stakeholders navigate the evolving EPS market in Europe and capitalize on the growth opportunities emerging out of this space.--BEGIN PROMO--
Key Issues Addressed
- What are the different types of power steering systems
- How is the EPS market expected to grow What are the key drivers and restraints for the EPS market
- Which are the key original equipment manufacturers (OEMs) and suppliers of EPS systems
- What strategies are OEMs adopting for EPS manufacturing and deployment in Europe
- What is the impact of technological advancements and emerging trends on the EPS market in Europe
- What are the different growth opportunities for the EPS market in Europe until 2030
| Deliverable Type | Market Research |
|---|---|
| Author | parduman satpal |
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | EPS market |
| Keyword 2 | Electric Power Steering |
| Keyword 3 | Passenger Vehicle Power Steering Systems |
| List of Charts and Figures | Power Steering Systems: Segmentation, Europe, 2022~ Power Steering Systems: Definition by Type, Europe, 2022~ Power Steering Systems: Growth Metrics, Europe, 2022~ Power Steering Systems: Distribution Channel Analysis, Europe, 2022~ Power Steering Systems: Growth Drivers, Europe, 2023–2030~ Power Steering Systems: Growth Restraints, Europe, 2023–2030~ EPS: System Schematic, Europe, 2022~ EPS: Functional Roadmap, Europe, 2022~ EPS: Comparison by EPS Type, Europe, 2022~ EPS: Recommended Systems by Passenger Vehicle Segments, Europe, 2022~ SbW: Enabler for CASE Mobility, Europe, 2022~ EPS: Driver-Out-of-the-Loop Steering Development, Europe, 2022~ EPS: HO EPS Capabilities, Europe, 2022~ EPS: mCEPS System, Europe, 2022~ EPS: Control Unit (CU) Architecture for Future Vehicles, Europe, 2022~ Power Steering Systems: Revenue and Unit Shipment Forecast, Europe, 2022–2030~ Power Steering Systems: Revenue Forecast by Type, Europe, 2022–2030~ Power Steering Systems: Unit Shipment Forecast by Type, Europe, 2022–2030~ EPS: Pricing Trends and Forecast by EPS Type, Europe, 2022 and 2030~ EPS: Competitive Environment, Europe, 2022~ CEPS: Growth Metrics, Europe, 2022~ CEPS: Revenue and Unit Shipment Forecast, Europe, 2022–2030~ CEPS: Penetration in OEM Groups, Europe, 2022, 2026, and 2030~ PEPS: Growth Metrics, Europe, 2022~ PEPS: Revenue and Unit Shipment Forecast, Europe, 2022–2030~ PEPS: Penetration in OEM Groups, Europe, 2022, 2026, and 2030~ REPS: Growth Metrics, Europe, 2022~ REPS: Revenue and Unit Shipment Forecast, Europe, 2022–2030~ REPS: Penetration in OEM Groups, Europe, 2022, 2026, and 2030~ EPS: Penetration by Type – BMW Group, Europe, 2022 and 2030~ EPS: Key Statistics – BMW Group, Europe, 2022~ EPS: Penetration by Type – Daimler Group, Europe, 2022 and 2030~ EPS: Key Statistics – Daimler Group, Europe, 2022~ EPS: Penetration by Type – Ford Motor Company, Europe, 2022 and 2030~ EPS: Key Statistics – Ford Motor Company, Europe, 2022~ EPS: Penetration by Type – Hyundai Group, Europe, 2022 and 2030~ EPS: Key Statistics – Hyundai Group, Europe, 2022~ EPS: Key Statistics – Stellantis, Europe, 2022~ EPS: Penetration by Type – Stellantis, Europe, 2022 and 2030~ EPS: Key Statistics – Toyota Group, Europe, 2022~ EPS: Penetration by Type – Toyota Group, Europe, 2022 & 2030~ EPS: Key Statistics – Volkswagen Group, Europe, 2022~ EPS: Penetration by Type – Volkswagen Group, Europe, 2022 and 2030~ Total EPS: Supplier Portfolio, Europe, 2022~ EPS: Fail-safe and Fail-operational Systems, Europe, 2022~ EPS: Fail-operational System Requirements, Europe, 2022~ EPS: Conclusions and Future Outlook, 2022–2030~ |
| Podcast | No |
| WIP Number | PE65-01-00-00-00 |
European Passenger Vehicle Power Steering Systems Growth Opportunities
European Passenger Vehicle Power Steering Systems Growth Opportunities
The Future Growth Potential of EPS Systems and Advanced Steering Technologies is Enhanced by ADAS and AD
RELEASE DATE
10-May-2023
10-May-2023
REGION
Europe
Europe
Deliverable Type
Market Research
Market Research
Research Code: PE65-01-00-00-00
SKU: AU02533-EU-MT_27658
$4,950.00
In stock
SKU
AU02533-EU-MT_27658