Market Overview:
The global commercial vehicle EPS 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 electric vehicles and rising awareness about energy-efficient technologies among consumers. In terms of volume, the light commercial vehicle segment is expected to dominate the global commercial vehicle EPS market during the forecast period. However, in terms of value, the heavy commercial vehicle segment is expected to account for a larger share of the market due to higher average selling prices (ASPs) for these vehicles. Regionally, North America is estimated to be one of key markets for commercial vehicle EPS systems over 2018-2030 owing high adoption rates and presence major players such as Robert Bosch GmbH (Germany), ZF Friedrichshafen AG (Germany), Continental AG (Germany), etc.
Product Definition:
Commercial Vehicle EPS is an electronic power steering system that helps drivers control their commercial vehicles with more precision and ease. Commercial Vehicle EPS can provide drivers with better fuel economy and enhanced safety while operating large commercial trucks or buses.
C-EPS:
Commercial Electric Power Steering (C-EPS) is an electric power steering system that uses the engine as a generator to provide electricity to drive the pump, which in turn drives the ESS. C-EPS eliminates hydraulic steering systems and their associated components such as gearbox, pumps & lines, reservoir & hoses.
The global C-EPS market size was valued at USD 1.6 billion in 2016.
P-EPS:
P-EPS (Polyether ether ketone) is a polymer used in the manufacturing of solid-state batteries. It has high thermal stability and excellent mechanical strength, which makes it suitable for use in battery components. P-EPS is also used as an insulating material in lithium ion batteries, especially for the negative electrode.
Application Insights:
The light commercial vehicle application segment led the global market and accounted for more than 60.0% share of the total revenue in 2017. The segment is further subdivided into passenger cars and light trucks, such as mini buses, sport utility vehicles (SUVs) and basic/compact cars. The demand for heavy-duty trucks is expected to increase at a significant rate owing to their applications in logistics, agriculture & forestry, mining & construction among others.
Heavy-duty trucks are widely used across various industries including automotive parts supply chain; food & beverage; healthcare; retailing; manufacturing; energy among others which require large volume transportation services on a daily basis.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing sales of commercial vehicles in countries such as China, India, Japan, South Korea and Australia. Asia Pacific is also projected to be one of the fastest-growing regions during the forecast period owing to rising disposable income coupled with improving economic conditions in emerging markets such as China and India.
The European region accounted for a significant share owing to stringent emission norms prescribed by regulatory bodies such as EEA, UEMOA & WLTP that have compelled manufacturers operating within this region adopt C-EPS technology across their entire product portfolio. Moreover, growing demand for heavy commercial vehicles within Europe on account of increased freight transportation volumes due to an expanding economy will drive regional market growth over the next eight years.
Growth Factors:
- Increasing demand for commercial vehicles from the transportation and logistics sector
- Rising demand for commercial vehicles in emerging markets
- Proliferation of e-commerce and the need for last-mile delivery services
- Introduction of new technologies and innovations in commercial vehicle design and manufacturing
- Growing focus on fuel efficiency and emissions reduction across the commercial vehicle industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Vehicle EPS Market Research Report
By Type
C-EPS, P-EPS, R-EPS
By Application
Light Commercial Vehicle, Heavy Commercial Vehicle
By Companies
JTEKT, NSK, Nexteer, ZF, Mobis, Showa, Thyssenkrupp, Mando
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
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Vehicle EPS Market Report Segments:
The global Commercial Vehicle EPS market is segmented on the basis of:
Types
C-EPS, P-EPS, R-EPS
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
Light Commercial Vehicle, Heavy Commercial Vehicle
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:
- JTEKT
- NSK
- Nexteer
- ZF
- Mobis
- Showa
- Thyssenkrupp
- Mando
Highlights of The Commercial Vehicle EPS 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-EPS
- P-EPS
- R-EPS
- By Application:
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- 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 Commercial Vehicle EPS 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
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?
Commercial Vehicle EPS is a measure of earnings per share (EPS) for a company's commercial vehicles division.
Some of the major companies in the commercial vehicle eps market are JTEKT, NSK, Nexteer, ZF, Mobis, Showa, Thyssenkrupp, Mando.
The commercial vehicle eps market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Vehicle EPS Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Commercial Vehicle EPS Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Vehicle EPS Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Commercial Vehicle EPS Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Commercial Vehicle EPS Market Size & Forecast, 2020-2028
4.5.1 Commercial Vehicle EPS Market Size and Y-o-Y Growth
4.5.2 Commercial Vehicle EPS Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 C-EPS
5.2.2 P-EPS
5.2.3 R-EPS
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Light Commercial Vehicle
6.2.2 Heavy Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Vehicle EPS Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Commercial Vehicle EPS Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 C-EPS
9.6.2 P-EPS
9.6.3 R-EPS
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Light Commercial Vehicle
9.10.2 Heavy Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 C-EPS
10.6.2 P-EPS
10.6.3 R-EPS
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Light Commercial Vehicle
10.10.2 Heavy Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 C-EPS
11.6.2 P-EPS
11.6.3 R-EPS
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Light Commercial Vehicle
11.10.2 Heavy Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 C-EPS
12.6.2 P-EPS
12.6.3 R-EPS
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Light Commercial Vehicle
12.10.2 Heavy Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 C-EPS
13.6.2 P-EPS
13.6.3 R-EPS
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Light Commercial Vehicle
13.10.2 Heavy Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Commercial Vehicle EPS Market: Competitive Dashboard
14.2 Global Commercial Vehicle EPS Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 JTEKT
14.3.2 NSK
14.3.3 Nexteer
14.3.4 ZF
14.3.5 Mobis
14.3.6 Showa
14.3.7 Thyssenkrupp
14.3.8 Mando
