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Market Snapshot

CAGR:7.84

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	7.84

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Report Overview

Automotive Electro-hydraulic Power Steering Market Analysis Report 2023-2032

The Automotive Electro-hydraulic Power Steering Market is poised to experience a Compound Annual Growth Rate (CAGR) of 6.85% between 2022 and 2032. Over this period, the market size is expected to witness a substantial increase, reaching a total value of USD 5,312.45 million. This growth is driven by various factors, including the increasing demand for precise and efficient steering systems, advancements in automotive technology, and the need to enhance overall vehicle handling and safety.

Automotive Electro-hydraulic Power Steering Market Overview

Drivers

One of the key drivers behind the expansion of the Automotive Electro-hydraulic Power Steering Market is the growing emphasis on precise steering control and enhanced vehicle handling. Automotive manufacturers are increasingly adopting electro-hydraulic power steering (EHPS) systems to provide drivers with responsive and efficient steering performance. EHPS systems combine the benefits of hydraulic power steering with electronic control, resulting in improved fuel efficiency and safety.

Additionally, the rise in vehicle production, especially in emerging markets, is boosting the demand for EHPS systems, as they are considered a crucial component for modern vehicle design.

Trends

An important trend in the Automotive Electro-hydraulic Power Steering Market is the integration of advanced driver assistance systems (ADAS) with EHPS technology. EHPS systems can work in tandem with ADAS features such as lane-keeping assist and adaptive cruise control to enhance vehicle safety and autonomous driving capabilities.

Furthermore, the development of lightweight and compact EHPS components is gaining traction, as automakers seek to reduce vehicle weight and improve fuel efficiency. These advancements are crucial in the context of electric and hybrid vehicles.

Restraints

Challenges related to the cost of advanced EHPS technology can be a restraint in market growth. While EHPS systems offer significant benefits in terms of steering precision and safety, they can increase the overall manufacturing cost of vehicles.

Moreover, the need for standardized regulations and safety standards for EHPS systems is essential to ensure their widespread adoption. Variations in regulations across different regions can pose challenges for manufacturers in terms of compliance and certification.

Automotive Electro-hydraulic Power Steering Market Segmentation By Vehicle Type

The Automotive Electro-hydraulic Power Steering Market caters to various vehicle types, including passenger cars, commercial vehicles, and hybrid and electric vehicles. Passenger cars represent a substantial market segment for EHPS systems, as they constitute the majority of vehicles on the road and require precise steering for urban and highway driving.

Commercial vehicles, including trucks and buses, also benefit from EHPS technology, as it improves vehicle handling and reduces driver fatigue during long-distance hauls.

Hybrid and electric vehicles require advanced EHPS solutions to ensure efficient steering control while complementing their electric powertrains.

Automotive Electro-hydraulic Power Steering Market Segmentation By Component Type

Automotive EHPS systems consist of various components, including hydraulic pumps, electronic control units (ECUs), and sensors. Each component plays a crucial role in ensuring the system's performance and safety.

Hydraulic pumps are responsible for providing the necessary hydraulic pressure to assist with steering, while ECUs and sensors monitor vehicle speed, steering angle, and driver input to optimize steering assistance.

Regional Overview:

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The Asia-Pacific (APAC) region is expected to be a significant driver of the global Automotive Electro-hydraulic Power Steering Market, with the region's growing automotive industry and increasing vehicle production. China, Japan, India, and other APAC countries are key markets within the region.

In Europe, countries like Germany, France, and the United Kingdom are witnessing increased demand for advanced EHPS technologies, driven by the region's focus on vehicle safety and handling performance.

North America, with its large automotive market and the presence of major automotive manufacturers, is also a significant contributor to the Automotive Electro-hydraulic Power Steering Market.

Latin America, the Middle East, and Africa are expected to see gradual growth in the adoption of EHPS technologies as the automotive industry in these regions continues to develop.

Automotive Electro-hydraulic Power Steering Market Customer Landscape

The Automotive Electro-hydraulic Power Steering Market report offers insights into customer adoption patterns, ranging from early adopters to laggards. The report examines adoption rates across different regions based on penetration levels and delves into key criteria influencing purchase decisions and factors affecting price sensitivity. These insights assist companies in formulating effective strategies for market entry and growth.

Major Automotive Electro-hydraulic Power Steering Market Companies

Prominent players in the Automotive Electro-hydraulic Power Steering Market are implementing diverse strategies to strengthen their market presence. These strategies include strategic collaborations, mergers and acquisitions, new product offerings, geographic expansion, and technological innovations.

Sample list of major companies in the market:

ZF Friedrichshafen AG
Nexteer Automotive
Bosch Automotive Steering GmbH
JTEKT Corporation
NSK Ltd.

Qualitative and quantitative analyses of these companies offer valuable insights into the competitive landscape. This analysis enables stakeholders to comprehend market dynamics and assess the strengths and weaknesses of key players. The categorization of companies based on their market focus and influence provides a comprehensive view of the competitive environment.

Segment Overview

The Automotive Electro-hydraulic Power Steering Market report provides revenue forecasts on a global, regional, and country level, spanning from 2023 to 2032. It includes an analysis of emerging trends and growth opportunities.

Vehicle Type Outlook (USD Million, 2023 - 2032)

Passenger Cars
Commercial Vehicles
Hybrid and Electric Vehicles

Component Type Outlook (USD Million, 2023 - 2032)

Hydraulic Pumps
Electronic Control Units (ECUs)
Sensors
Others

Geography Outlook (USD Million, 2023 - 2032)

North America

United States
Canada

Europe

United Kingdom
Germany
France
Rest of Europe

APAC

China
Japan
India
Rest of APAC

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

United Arab Emirates
South Africa
Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Japan Automotive Electro-hydraulic Power Steering MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Japan Automotive Electro-hydraulic Power Steering MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Japan Automotive Electro-hydraulic Power Steering Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Japan Automotive Electro-hydraulic Power Steering MARKET BY component type landscape

SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Sensor

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Steering Motor

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Japan Automotive Electro-hydraulic Power Steering MARKET BY vehicle type INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Passenger Cars

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Commercial vehicles

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Japan Automotive Electro-hydraulic Power Steering MARKET REGIONAL OUTLOOK

7.1. Japan Automotive Electro-hydraulic Power Steering Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Japan Automotive Electro-hydraulic Power Steering Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 JTEKT Corporation

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2 Nexteer Automotive Group

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3 ZF Friedrichshafen AG

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 NSK Ltd

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5 Robert Bosch GmbH

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6 Company 6

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7 Company 7

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8 Company 8

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9 Company 9

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10 Company 10

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Automotive Electro Hydraulic Power Steering Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032