Electric Power Steering Motor Market

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 vehicle to turn or maneuver. Electric power steering systems use electric motors to provide the assistance instead of hydraulic systems. As with hydraulic types, power to the actuator (motor, in this case) is controlled by the rest of the power steering system. Electric power steering motor is a key component for Electric power steering system (EPS).

Electric Power Steering Motor Market contains market size and forecasts of Electric Power Steering Motor in global, including the following market information:

Global Electric Power Steering Motor Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Electric Power Steering Motor Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Electric Power Steering Motor companies in 2021 (%)

The global Electric Power Steering Motor market was valued at 2494.5 million in 2021 and is projected to reach US$ 2867.3 million by 2028, at a CAGR of 2.0% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

CEPS Motor Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Electric Power Steering Motor include Nidec, Bosch, Mitsubishi Electric, Denso, ZF, LG Innotek, Mitsuba, Mahle and Elite and etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Electric Power Steering Motor manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Electric Power Steering Motor Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Electric Power Steering Motor Market Segment Percentages, by Type, 2021 (%)

CEPS Motor

REPS Motor

PEPS Motor

EHPS Motor

Global Electric Power Steering Motor Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Electric Power Steering Motor Market Segment Percentages, by Application, 2021 (%)

Passenger Car

Commercial Vehicle

Global Electric Power Steering Motor Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Electric Power Steering Motor Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Electric Power Steering Motor revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Electric Power Steering Motor revenues share in global market, 2021 (%)

Key companies Electric Power Steering Motor sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Electric Power Steering Motor sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Nidec

Bosch

Mitsubishi Electric

Denso

ZF

LG Innotek

Mitsuba

Mahle

Elite

Dare Auto