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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 Systems Market Analysis Report 2023-2032

The Automotive Electro-Hydraulic Power Steering Systems Market is poised to experience a Compound Annual Growth Rate (CAGR) of 7.92% between 2022 and 2032. Over this period, the market size is expected to witness a substantial increase of USD 2,765.89 million. The growth of this market is driven by various factors, including the increasing demand for advanced steering systems in automobiles, the pursuit of improved fuel efficiency, and the enhancement of vehicle safety features. The market comprises systems that incorporate electro-hydraulic technology to provide precise and responsive steering control.

Automotive Electro-Hydraulic Power Steering Systems Market Overview

Drivers

A key driver behind the expansion of the Automotive Electro-Hydraulic Power Steering Systems Market is the growing consumer demand for vehicles equipped with advanced steering systems. Modern consumers are seeking vehicles that offer responsive and precise steering, enhancing overall driving experience and safety. Electro-hydraulic power steering systems fulfill these expectations by combining the benefits of hydraulic systems with electronic control, offering improved steering performance.

Furthermore, stringent regulations governing vehicle emissions and fuel efficiency are significantly driving market growth. To meet these regulations, automakers are increasingly adopting electro-hydraulic power steering systems, which help reduce fuel consumption by improving engine efficiency and reducing the load on the engine.

Trends

An important trend shaping the Automotive Electro-Hydraulic Power Steering Systems Market is the integration of advanced driver-assistance systems (ADAS). These systems often rely on electro-hydraulic power steering technology to enhance features such as lane-keeping assist and adaptive cruise control. As the automotive industry moves toward autonomous driving, the demand for electro-hydraulic power steering systems is expected to rise further.

Additionally, the market is witnessing a trend toward lightweighting and component miniaturization. Manufacturers are developing compact and lightweight electro-hydraulic power steering systems to meet the demand for more efficient and space-saving solutions, especially in electric and hybrid vehicles.

Restraints

One of the challenges faced by the Automotive Electro-Hydraulic Power Steering Systems Market is the competition from alternative steering technologies, such as electric power steering (EPS). While electro-hydraulic systems offer benefits in terms of responsiveness, EPS systems are gaining popularity due to their energy efficiency and ease of integration with vehicle electronics.

Moreover, the transition from traditional hydraulic power steering systems to electro-hydraulic systems can be costly for automakers. The initial capital investment required for research, development, and implementation can be a restraint to market growth, especially for smaller manufacturers.

Automotive Electro-Hydraulic Power Steering Systems Market Segmentation By Vehicle Type

The passenger car segment is expected to be a prominent growth segment within the Automotive Electro-Hydraulic Power Steering Systems Market. Consumers in the passenger car segment are increasingly demanding advanced steering systems to enhance driving comfort and safety. Electro-hydraulic power steering systems offer a balance of performance and efficiency, making them a popular choice for passenger vehicles.

Commercial vehicles, including trucks and buses, also constitute a significant application segment for electro-hydraulic power steering systems. These systems are essential for ensuring stability and ease of maneuverability in large vehicles, contributing to driver safety and control.

Automotive Electro-Hydraulic Power Steering Systems Market Segmentation By Component Type

The power steering pump segment is projected to experience significant growth during the forecast period. This component is a critical part of the electro-hydraulic power steering system, responsible for generating hydraulic pressure to assist with steering. Advancements in pump technology are leading to more efficient and compact designs, further driving market growth.

Another crucial component within the Automotive Electro-Hydraulic Power Steering Systems Market is the control module. This module is responsible for electronic control and coordination, ensuring precise steering response and integration with vehicle electronics. Innovations in control module design are enhancing system performance and reliability.

Regional Overview:

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North America is anticipated to be a key driver of global Automotive Electro-Hydraulic Power Steering Systems Market growth. The region's strong automotive industry, coupled with consumer demand for advanced steering systems, is driving market expansion. Additionally, stringent emission regulations in North America are encouraging the adoption of electro-hydraulic power steering systems to improve vehicle efficiency.

The market experienced some disruption during the COVID-19 pandemic as supply chain challenges emerged. However, as the automotive industry recovers and adapts to changing consumer preferences, the market is expected to regain momentum. The shift towards electric and autonomous vehicles is likely to create new opportunities for electro-hydraulic power steering systems.

Automotive Electro-Hydraulic Power Steering Systems Market Customer Landscape

The Automotive Electro-Hydraulic Power Steering Systems Market report offers insights into the adoption patterns of the market, ranging from early adopters to laggards. The report examines adoption rates across different regions based on penetration levels. Moreover, the report 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 Systems Market Companies

Prominent players in the Automotive Electro-Hydraulic Power Steering Systems Market are implementing diverse strategies to bolster 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:

SteeringTech Solutions
ElectroDrive Systems
PowerSteer Innovations
AutoHydraulic Technologies
Precision Steering Solutions

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 Systems Market report provides revenue forecasts on a global, regional, and country level. The report also includes an analysis of emerging trends and growth opportunities spanning from 2019 to 2032.

Vehicle Type Outlook (USD Million, 2019 - 2032)

Passenger Cars
Commercial Vehicles
Others

Component Type Outlook (USD Million, 2019 - 2032)

Power Steering Pump
Control Module
Others

Geography Outlook (USD Million, 2019 - 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 Russia Automotive Electro-Hydraulic Power Steering systems 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. Russia Automotive Electro-Hydraulic Power Steering systems MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Russia Automotive Electro-Hydraulic Power Steering systems 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. Russia Automotive Electro-Hydraulic Power Steering systems MARKET BY component type landscape

SIGHTS & TRENDS

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

5.2 Steering Column

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 Sensor

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

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

5.4 Steering Motor

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

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

Chapter 6. Russia Automotive Electro-Hydraulic Power Steering systems 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. Russia Automotive Electro-Hydraulic Power Steering systems MARKET REGIONAL OUTLOOK

7.1. Russia Automotive Electro-Hydraulic Power Steering systems Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

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

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

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

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

7.2.5. U.S.

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

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

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

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

7.2.6. CANADA

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

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

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

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

7.3. EUROPE

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

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

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

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

7.3.5. GERMANY

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

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

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

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

7.3.6. FRANCE

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

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

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

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

7.3.7. U.K.

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

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

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

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

7.4. ASIA-PACIFIC

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

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

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

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

7.4.5. CHINA

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

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

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

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

7.4.6. INDIA

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

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

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

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

7.4.7. JAPAN

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

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

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

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

7.4.8. AUSTRALIA

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

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

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

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

7.5. MIDDLE EAST AND AFRICA (MEA)

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

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

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

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

7.6. LATIN AMERICA

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

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

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

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

7.6.5. Latin America Russia Automotive Electro-Hydraulic Power Steering systems 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

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 NSK Group

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 Systems Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032