Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Electrically-Powered Hydraulic Steering Systems Market by Type (Steering Wheel/Column, Sensors, Steering Motor, Others), By Application (LCVs, Heavy Vehicles, Passenger Cars) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Electrically-Powered Hydraulic Steering Systems Market by Type (Steering Wheel/Column, Sensors, Steering Motor, Others), By Application (LCVs, Heavy Vehicles, Passenger Cars) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 189072 3300 Automobile & Transportation 377 249 Pages 4.6 (33)
                                          

The global electric powered hydraulic steering systems market is expected to grow at a CAGR of 5.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for electric powered hydraulic steering systems in passenger cars and light commercial vehicles. The increasing demand for electric powered hydraulic steering systems in passenger cars and light commercial vehicles is due to the rising fuel prices, which are leading manufacturers towards developing more fuel-efficient vehicles with lower emissions. The global electric powered hydraulic steering systems market has been segmented on the basis of type, application, and region. On the basis of type, it has been segmented into steering wheel/columns, sensors, and steering motors; on the basis of application it has been segmented into LCVs (light commercial vehicle), heavy vehicles (heavy duty vehicle), and passenger cars; on the basis of region it has been segmented into North America (NA), Latin America (LA), Europe (EU), Asia Pacific & Middle East & Africa (APMEA).

Some Of The Growth Factors Of This Market:

  1. The electrically-powered hydraulic steering system is a new technology that has been developed to replace the traditional hydraulic steering system.
  2. The electrically-powered hydraulic steering system is more efficient and less expensive than the traditional hydraulic steering system, which makes it a good option for car manufacturers to consider when designing their vehicles.
  3. The electrically-powered hydraulic steering system can be used in any type of vehicle, including cars, trucks, buses and trains.
  4. The electrically-powered hydraulic steering systems are not as sensitive to temperature changes as the traditional hydraulic systems are because they do not use oil or air pressure to operate; instead they use electricity and water pressure from an external source such as a battery or pump to operate the valves that control fluid flow in the system.
  5. Electrically-powered hydraulics have been around since at least 1873 but were never widely adopted because of their high cost and complexity until recently when advances in technology made them more affordable for car manufacturers.

Industry Growth Insights published a new data on “Electrically-Powered Hydraulic Steering Systems Market”. The research report is titled “Electrically-Powered Hydraulic Steering Systems Market research by Types (Steering Wheel/Column, Sensors, Steering Motor, Others), By Applications (LCVs, Heavy Vehicles, Passenger Cars), By Players/Companies Robert Bosch, Delphi Automotive Systems, JTEKT Corporation, NSK, Hitachi Automotiec Systems, Infineon Technologies, Mando, Hyundai Mobis, Mitsubishi Electric, Nexteer Automotive, TRW Automotive, GKN, Hafei Industrial, ATS Automation, ZF Friedrichshafen, Thyssenkrupp Presta”.

Scope Of The Report

Report Attributes

Report Details

Report Title

Electrically-Powered Hydraulic Steering Systems Market Research Report

By Type

Steering Wheel/Column, Sensors, Steering Motor, Others

By Application

LCVs, Heavy Vehicles, Passenger Cars

By Companies

Robert Bosch, Delphi Automotive Systems, JTEKT Corporation, NSK, Hitachi Automotiec Systems, Infineon Technologies, Mando, Hyundai Mobis, Mitsubishi Electric, Nexteer Automotive, TRW Automotive, GKN, Hafei Industrial, ATS Automation, ZF Friedrichshafen, Thyssenkrupp Presta

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

249

Number of Tables & Figures

175

Customization Available

Yes, the report can be customized as per your need.


Global Electrically-Powered Hydraulic Steering Systems Industry Outlook


Global Electrically-Powered Hydraulic Steering Systems Market Report Segments:

The global Electrically-Powered Hydraulic Steering Systems market is segmented on the basis of:

Types

Steering Wheel/Column, Sensors, Steering Motor, Others

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

LCVs, Heavy Vehicles, Passenger Cars

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Robert Bosch
  2. Delphi Automotive Systems
  3. JTEKT Corporation
  4. NSK
  5. Hitachi Automotiec Systems
  6. Infineon Technologies
  7. Mando
  8. Hyundai Mobis
  9. Mitsubishi Electric
  10. Nexteer Automotive
  11. TRW Automotive
  12. GKN
  13. Hafei Industrial
  14. ATS Automation
  15. ZF Friedrichshafen
  16. Thyssenkrupp Presta

Global Electrically-Powered Hydraulic Steering Systems Market Overview


Highlights of The Electrically-Powered Hydraulic Steering Systems Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Steering Wheel/Column
    2. Sensors
    3. Steering Motor
    4. Others
  1. By Application:

    1. LCVs
    2. Heavy Vehicles
    3. Passenger Cars
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Electrically-Powered Hydraulic Steering Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Electrically-Powered Hydraulic Steering Systems Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Electrically-powered hydraulic steering systems are a type of hybrid powertrain that combines an electric motor with hydraulic fluid to provide power for the steering system. This system is typically used in heavy vehicles, such as trucks and buses, because it provides a more efficient way to steer the vehicle than traditional mechanical systems.

Some of the major companies in the electrically-powered hydraulic steering systems market are Robert Bosch, Delphi Automotive Systems, JTEKT Corporation, NSK, Hitachi Automotiec Systems, Infineon Technologies, Mando, Hyundai Mobis, Mitsubishi Electric, Nexteer Automotive, TRW Automotive, GKN, Hafei Industrial, ATS Automation, ZF Friedrichshafen, Thyssenkrupp Presta.

The electrically-powered hydraulic steering systems market is expected to grow at a compound annual growth rate of 5.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Electrically-Powered Hydraulic Steering Systems Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Electrically-Powered Hydraulic Steering Systems Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Electrically-Powered Hydraulic Steering Systems Market - Supply Chain
   4.5. Global Electrically-Powered Hydraulic Steering Systems Market Forecast
      4.5.1. Electrically-Powered Hydraulic Steering Systems Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Electrically-Powered Hydraulic Steering Systems Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Electrically-Powered Hydraulic Steering Systems Market Absolute $ Opportunity

5. Global Electrically-Powered Hydraulic Steering Systems Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Electrically-Powered Hydraulic Steering Systems Market Size and Volume Forecast by Type
      5.3.1. Steering Wheel/Column
      5.3.2. Sensors
      5.3.3. Steering Motor
      5.3.4. Others
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Electrically-Powered Hydraulic Steering Systems Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Electrically-Powered Hydraulic Steering Systems Market Size and Volume Forecast by Application
      6.3.1. LCVs
      6.3.2. Heavy Vehicles
      6.3.3. Passenger Cars
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Electrically-Powered Hydraulic Steering Systems Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Electrically-Powered Hydraulic Steering Systems Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Electrically-Powered Hydraulic Steering Systems Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Electrically-Powered Hydraulic Steering Systems Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Electrically-Powered Hydraulic Steering Systems Demand Share Forecast, 2019-2026

9. North America Electrically-Powered Hydraulic Steering Systems Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Electrically-Powered Hydraulic Steering Systems Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Electrically-Powered Hydraulic Steering Systems Market Size and Volume Forecast by Application
      9.4.1. LCVs
      9.4.2. Heavy Vehicles
      9.4.3. Passenger Cars
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Electrically-Powered Hydraulic Steering Systems Market Size and Volume Forecast by Type
      9.7.1. Steering Wheel/Column
      9.7.2. Sensors
      9.7.3. Steering Motor
      9.7.4. Others
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Electrically-Powered Hydraulic Steering Systems Demand Share Forecast, 2019-2026

10. Latin America Electrically-Powered Hydraulic Steering Systems Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Electrically-Powered Hydraulic Steering Systems Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Electrically-Powered Hydraulic Steering Systems Market Size and Volume Forecast by Application
      10.4.1. LCVs
      10.4.2. Heavy Vehicles
      10.4.3. Passenger Cars
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Electrically-Powered Hydraulic Steering Systems Market Size and Volume Forecast by Type
      10.7.1. Steering Wheel/Column
      10.7.2. Sensors
      10.7.3. Steering Motor
      10.7.4. Others
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Electrically-Powered Hydraulic Steering Systems Demand Share Forecast, 2019-2026

11. Europe Electrically-Powered Hydraulic Steering Systems Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Electrically-Powered Hydraulic Steering Systems Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Electrically-Powered Hydraulic Steering Systems Market Size and Volume Forecast by Application
      11.4.1. LCVs
      11.4.2. Heavy Vehicles
      11.4.3. Passenger Cars
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Electrically-Powered Hydraulic Steering Systems Market Size and Volum Forecast by Type
      11.7.1. Steering Wheel/Column
      11.7.2. Sensors
      11.7.3. Steering Motor
      11.7.4. Others
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Electrically-Powered Hydraulic Steering Systems Demand Share, 2019-2026

12. Asia Pacific Electrically-Powered Hydraulic Steering Systems Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Electrically-Powered Hydraulic Steering Systems Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Electrically-Powered Hydraulic Steering Systems Market Size and Volume Forecast by Application
      12.4.1. LCVs
      12.4.2. Heavy Vehicles
      12.4.3. Passenger Cars
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Electrically-Powered Hydraulic Steering Systems Market Size and Volume Forecast by Type
      12.7.1. Steering Wheel/Column
      12.7.2. Sensors
      12.7.3. Steering Motor
      12.7.4. Others
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Electrically-Powered Hydraulic Steering Systems Demand Share, 2019-2026

13. Middle East & Africa Electrically-Powered Hydraulic Steering Systems Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Electrically-Powered Hydraulic Steering Systems Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Electrically-Powered Hydraulic Steering Systems Market Size and Volume Forecast by Application
      13.4.1. LCVs
      13.4.2. Heavy Vehicles
      13.4.3. Passenger Cars
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Electrically-Powered Hydraulic Steering Systems Market Size and Volume Forecast by Type
      13.7.1. Steering Wheel/Column
      13.7.2. Sensors
      13.7.3. Steering Motor
      13.7.4. Others
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Electrically-Powered Hydraulic Steering Systems Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Electrically-Powered Hydraulic Steering Systems Market: Market Share Analysis
   14.2. Electrically-Powered Hydraulic Steering Systems Distributors and Customers
   14.3. Electrically-Powered Hydraulic Steering Systems Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Robert Bosch
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Delphi Automotive Systems
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. JTEKT Corporation
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. NSK
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Hitachi Automotiec Systems
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Infineon Technologies
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Mando
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Hyundai Mobis
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Mitsubishi Electric
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Nexteer Automotive
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. TRW Automotive
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. GKN
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. Hafei Industrial
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. ATS Automation
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. ZF Friedrichshafen
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. Thyssenkrupp Presta
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

Our Trusted Clients

Contact Us