EPS Motors Market

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 Motors Market contains market size and forecasts of EPS Motors in global, including the following market information:

Global EPS Motors Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global EPS Motors Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five EPS Motors companies in 2021 (%)

The global EPS Motors market was valued at 2360.9 million in 2021 and is projected to reach US$ 2767.7 million by 2028, at a CAGR of 2.3% 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 EPS Motors include Nidec, Bosch, Mitsubishi Electric, Denso, ZF, LG Innotek, Mitsuba, Zhuzhou Elite Electro Mechanical Co., Ltd and Fuxin Dare Automotive Parts Co.,Ltd. etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the EPS Motors 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 EPS Motors Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global EPS Motors Market Segment Percentages, by Type, 2021 (%)

CEPS Motor

REPS Motor

PEPS Motor

EHPS Motor

Global EPS Motors Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global EPS Motors Market Segment Percentages, by Application, 2021 (%)

Passenger Vehicle

Commercial Vehicle

Global EPS Motors Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global EPS Motors 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 EPS Motors revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies EPS Motors revenues share in global market, 2021 (%)

Key companies EPS Motors sales in global market, 2017-2022 (Estimated), (K Units)

Key companies EPS Motors 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

Zhuzhou Elite Electro Mechanical Co., Ltd

Fuxin Dare Automotive Parts Co.,Ltd