Global Car Electric Power Steering Market Insights and Forecast to 2028

Car Electric Power Steering Market Statistics 2028

Due to the COVID-19 pandemic, the global Car Electric Power Steering market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period.

In motor vehicles, a power steering system helps drivers steer the vehicle by augmenting steering effort needed to turn the steering wheel, making it easier for the driver to turn. Fully considering the economic change by this health crisis, C-EPS accounting for % of the Car Electric Power Steering global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period.

While Passenger Vehicle segment is altered to an % CAGR throughout this forecast period.

China Car Electric Power Steering market size is valued at US$ million in 2021, while the US and Europe Car Electric Power Steering are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period.

As for the Europe Car Electric Power Steering landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.

The global key manufacturers of Car Electric Power Steering include JTEKT, Bosch, NSK, Nexteer, ZF, Mobis, Showa, Thyssenkrupp and Mando. etc. In 2021, the global top five players have a share approximately % in terms of revenue.

In terms of production side, this report researches the Car Electric Power Steering capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.

In terms of sales side, this report focuses on the sales of Car Electric Power Steering by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.

Car Electric Power Steering Market Segment

Car Electric Power Steering market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Car Electric Power Steering market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.

Segment by Type

• C-EPS
• P-EPS
• R-EPS

Segment by Application

• Passenger Vehicle
• Commercial Vehicle

BY COMPANY

• JTEKT
• Bosch
• NSK
• Nexteer
• ZF
• Mobis
• Showa
• Thyssenkrupp
• Mando

Production by Region

• North America
• Europe
• China
• Japan
• South Korea
• India

Consumption by Region

• North America
• the United States
• Canada
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Asia-Pacific
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia
• Latin America
• Mexico
• Brazil
• Argentina
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE