The global EPS Motors market was valued at US$ 2551.9 million in 2019 and it is expected to reach US$ 2583.4 million by the end of 2026, growing at a CAGR of 2.4% during 2021-2026.
EPS is the abbreviation of Electric Power Steering in English, that is, electric power steering system. Electric power steering system is the development direction of automobile steering system. The system uses the electric motor to directly provide steering assistance, eliminating the power steering oil pump, hose, hydraulic oil, conveyor belt and the pulley installed on the engine that are necessary for the hydraulic power steering system, which saves energy and protects the environment. In addition, it also has the characteristics of simple adjustment, flexible assembly, and can provide steering assistance under various conditions.
EPS motor is classified as CEPS motor, REPS motor, PEPS motor, EHPS motor, etc. It is mainly used in passenger cars and commercial vehicles. At present, the main global manufacturers include Nidec, Bosch, mitsuishi electric, Denso and ZF. In 2019, the share of top 5 major manufacturers accounts for more than 78%. It is expected that the industry competition will be more intense in the next few years, especially in China market.
Global EPS Motors Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global EPS Motors Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Nidec, Bosch, Mitsubishi Electric, Denso, ZF, LG Innotek, Mitsuba, Zhuzhou Elite Electro Mechanical Co., Ltd, Fuxin Dare Automotive Parts CLtd and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-eps-motors-market-research-report
Segment by Type
- CEPS Motor
- REPS Motor
- PEPS Motor
- EHPS Motor
Segment by Application
- Passenger Vehicle
- Commercial Vehicle
Table of Content:
1 EPS Motors Market Overview
2 Market Competition by Manufacturers
3 Production and Capacity by Region
4 Global EPS Motors Consumption by Region
5 Production, Revenue, Price Trend by Type
6 Consumption Analysis by Application
7 Key Companies Profiled
8 EPS Motors Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Production and Supply Forecast
12 Consumption and Demand Forecast
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
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