Market Overview:
The global electro-hydraulic power steering systems market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger cars and commercial vehicles across the globe. Additionally, factors such as rising disposable income and technological advancements are also contributing to the growth of this market. On the basis of type, C-EHPS held a major share of the global electro-hydraulic power steering systems market in 2017. This segment is projected to grow at a higher CAGR than other segments during the forecast period owing to its low cost and easy installation process.
Product Definition:
A power steering system that uses an electric motor to assist the driver in turning the vehicle's steering wheel. Electro-hydraulic power steering systems are used in most passenger vehicles and are considered important because they improve fuel economy, provide a more comfortable driving experience, and extend the life of tires and other vehicle components.
C-EHPS:
C-EHPS is a combination of two fluids, one being the conventional hydraulic fluid and another being an electrical powered liquid. The C-EHPS system uses the energy from your car’s engine to power its steering. It does this by using a small electric motor as an intermediate gear that drives a hydraulic pump, which in turn provides power to the steering mechanism.
The benefits offered by C-EHPS are numerous; it reduces fuel consumption, increases safety.
P-EHPS:
P-EHPS is a performance-enhancing additive that helps in increasing steering wheel power and improving the feel of the vehicle. It improves steering response by reducing steer time, weight transfer, and effort through quicker reaction time. P-EHPS also reduces oscillation during heavy load or unbalanced conditions which results in improved stability at high speeds and aids to keep tires on road when driving through mud or sand.
Application Insights:
Passenger cars led the market and accounted for more than 70.0% share of the global revenue in 2017 owing to increasing demand for passenger vehicles in emerging economies including China, India, Brazil and Mexico. The growing purchasing power parity coupled with high income levels has resulted in a higher number of vehicle sales especially across developing countries.
The commercial vehicles segment is expected to witness significant growth over the forecast period on account of rising demand from construction industries across various regions including North America and Europe. Furthermore, technological advancements such as implementation of electronic stability control systems are anticipated to further boost product adoption among commercial vehicle drivers worldwide thereby contributing towards segment growth during the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid urbanization, which has resulted in an increasing number of vehicles on roads. This is likely to boost product demand over the forecast period. Increasing disposable income of consumers and rising automotive sales are also estimated to drive regional growth during the forecast years.
The growing industrial sector in emerging economies such as China.
Growth Factors:
- Increasing demand for fuel-efficient and low-emission vehicles
- Growing automotive sector in developing countries
- Rising demand for advanced safety features in automobiles
- Proliferation of electric and hybrid vehicles
- Technological advancements in steering systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Electro-Hydraulic Power Steering Systems Market Research Report
By Type
C-EHPS, P-EHPS, R-EHPS
By Application
Passenger Cars, Commercial Vehicles
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Electro-Hydraulic Power Steering Systems Market Report Segments:
The global Electro-Hydraulic Power Steering Systems market is segmented on the basis of:
Types
C-EHPS, P-EHPS, R-EHPS
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
Passenger Cars, Commercial Vehicles
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:
- 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
Highlights of The Electro-Hydraulic Power Steering Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- C-EHPS
- P-EHPS
- R-EHPS
- By Application:
- Passenger Cars
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electro-Hydraulic Power 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.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electro-hydraulic power steering systems are a type of hydraulic system that uses electricity to power the steering mechanism. This system is often found in larger vehicles, such as trucks and buses. Electro-hydraulic systems are more efficient than traditional hydraulic systems, and they are also easier to maintain.
Some of the major companies in the electro-hydraulic power 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 electro-hydraulic power steering systems market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electro-Hydraulic Power 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. Electro-Hydraulic Power 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. Electro-Hydraulic Power Steering Systems Market - Supply Chain
4.5. Global Electro-Hydraulic Power Steering Systems Market Forecast
4.5.1. Electro-Hydraulic Power Steering Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electro-Hydraulic Power Steering Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electro-Hydraulic Power Steering Systems Market Absolute $ Opportunity
5. Global Electro-Hydraulic Power 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. Electro-Hydraulic Power Steering Systems Market Size and Volume Forecast by Type
5.3.1. C-EHPS
5.3.2. P-EHPS
5.3.3. R-EHPS
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electro-Hydraulic Power 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. Electro-Hydraulic Power Steering Systems Market Size and Volume Forecast by Application
6.3.1. Passenger Cars
6.3.2. Commercial Vehicles
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electro-Hydraulic Power 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. Electro-Hydraulic Power 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 Electro-Hydraulic Power 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. Electro-Hydraulic Power 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 Electro-Hydraulic Power Steering Systems Demand Share Forecast, 2019-2026
9. North America Electro-Hydraulic Power 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 Electro-Hydraulic Power 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 Electro-Hydraulic Power Steering Systems Market Size and Volume Forecast by Application
9.4.1. Passenger Cars
9.4.2. Commercial Vehicles
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electro-Hydraulic Power Steering Systems Market Size and Volume Forecast by Type
9.7.1. C-EHPS
9.7.2. P-EHPS
9.7.3. R-EHPS
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 Electro-Hydraulic Power Steering Systems Demand Share Forecast, 2019-2026
10. Latin America Electro-Hydraulic Power 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 Electro-Hydraulic Power 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 Electro-Hydraulic Power Steering Systems Market Size and Volume Forecast by Application
10.4.1. Passenger Cars
10.4.2. Commercial Vehicles
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electro-Hydraulic Power Steering Systems Market Size and Volume Forecast by Type
10.7.1. C-EHPS
10.7.2. P-EHPS
10.7.3. R-EHPS
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 Electro-Hydraulic Power Steering Systems Demand Share Forecast, 2019-2026
11. Europe Electro-Hydraulic Power 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 Electro-Hydraulic Power 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 Electro-Hydraulic Power Steering Systems Market Size and Volume Forecast by Application
11.4.1. Passenger Cars
11.4.2. Commercial Vehicles
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electro-Hydraulic Power Steering Systems Market Size and Volume Forecast by Type
11.7.1. C-EHPS
11.7.2. P-EHPS
1.7.3. R-EHPS
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 Electro-Hydraulic Power Steering Systems Demand Share, 2019-2026
12. Asia Pacific Electro-Hydraulic Power 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 Electro-Hydraulic Power 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 Electro-Hydraulic Power Steering Systems Market Size and Volume Forecast by Application
12.4.1. Passenger Cars
12.4.2. Commercial Vehicles
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electro-Hydraulic Power Steering Systems Market Size and Volume Forecast by Type
12.7.1. C-EHPS
12.7.2. P-EHPS
12.7.3. R-EHPS
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 Electro-Hydraulic Power Steering Systems Demand Share, 2019-2026
13. Middle East & Africa Electro-Hydraulic Power 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 Electro-Hydraulic Power 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 Electro-Hydraulic Power Steering Systems Market Size and Volume Forecast by Application
13.4.1. Passenger Cars
13.4.2. Commercial Vehicles
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electro-Hydraulic Power Steering Systems Market Size and Volume Forecast by Type
13.7.1. C-EHPS
13.7.2. P-EHPS
13.7.3. R-EHPS
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 Electro-Hydraulic Power Steering Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electro-Hydraulic Power Steering Systems Market: Market Share Analysis
14.2. Electro-Hydraulic Power Steering Systems Distributors and Customers
14.3. Electro-Hydraulic Power 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
