Market Overview:
The global EPS motors 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 hybrid electric vehicles (HEVs). The passenger vehicle segment is expected to account for the majority of the market share during the forecast period, followed by commercial vehicles. North America is expected to lead the global EPS motors market in terms of revenue, followed by Europe and Asia Pacific.
Product Definition:
EPS Motors are electric power steering motors. They provide the power to steer a vehicle by turning the front wheels. EPS motors are important because they allow drivers to easily control their vehicles, especially in tight spaces.
CEPS Motor:
CEPS (Central Electrochemical Plantstock) motor is a type of electric motor used in various applications such as pumps, compressors and fans. It has the ability to operate at high speeds ranging from 1000 to 35000 RPM with low-speed variation due to its excellent inherent characteristics such as high torque density and fast starting.
REPS Motor:
The REPS motor is a type of electric motor used in extrusion systems. It has the ability to produce high torque at low speeds and can also be operated at very high speeds (fast). These motors are commonly used for applications that require high torque but limited speed such as printing, packaging, machine tools etc.
These motors have several advantages over conventional ones including less noise & vibration, higher efficiency and lower energy consumption which makes them suitable for various heavy-duty applications.
Application Insights:
The passenger vehicle segment accounted for the largest share of over 50.0% in 2017 and is expected to witness significant growth over the forecast period. Rising demand for electric passenger vehicles owing to stringent regulations regarding pollution control is projected to drive the product demand in this application segment.
In addition, increasing investments by major players such as Tesla Inc., Ford Motor Company and General Motors Company are likely to result in adoption of advanced technology motors that offer better performance at a lower price which would further fuel market growth during the forecast period.
The commercial vehicle segment was valued over USD 1,000 million in 2017 owing to rising investments by companies such as Siemens AG, ABB Ltd., Schneider Electric SE among others aimed at development of energy-efficient products for use across heavy-duty applications including trucks, busses and ships among others.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 40% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for electric vehicles and strong government support for promoting green vehicles. China, India, Japan, and South Korea are some of the major countries that are anticipated to fuel regional growth during the forecast period.
Europe accounted for a significant share in 2017 owing to rising investments by prominent players such as Siemens AG and Alstom Grid Corporation S.A. The growing adoption of electric cars across Germany, France, Italy is expected to drive regional demand over the next eight years.
Growth Factors:
- Increasing demand for electric vehicles (EVs)
- Government initiatives and subsidies for EVs
- Rising awareness about the benefits of electric vehicles
- Development of advanced battery technologies
- Growing demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
EPS Motors Market Research Report
By Type
CEPS Motor, REPS Motor, PEPS Motor, EHPS Motor
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
Nidec, Bosch, Mitsubishi Electric, Denso, ZF, LG Innotek, Mitsuba, Zhuzhou Elite Electro Mechanical Co., Ltd, Fuxin Dare Automotive Parts Co.,Ltd
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 EPS Motors Market Report Segments:
The global EPS Motors market is segmented on the basis of:
Types
CEPS Motor, REPS Motor, PEPS Motor, EHPS Motor
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 Vehicle, 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:
- Nidec
- Bosch
- Mitsubishi Electric
- Denso
- ZF
- LG Innotek
- Mitsuba
- Zhuzhou Elite Electro Mechanical Co., Ltd
- Fuxin Dare Automotive Parts Co.,Ltd
Highlights of The EPS Motors 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:
- CEPS Motor
- REPS Motor
- PEPS Motor
- EHPS Motor
- By Application:
- Passenger Vehicle
- 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 EPS Motors 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?
EPS Motors is a company that manufactures electric vehicles.
Some of the major companies in the eps motors market are Nidec, Bosch, Mitsubishi Electric, Denso, ZF, LG Innotek, Mitsuba, Zhuzhou Elite Electro Mechanical Co., Ltd, Fuxin Dare Automotive Parts Co.,Ltd.
The eps motors market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 EPS Motors 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 EPS Motors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 EPS Motors 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 EPS Motors 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 EPS Motors Market Size & Forecast, 2020-2028
4.5.1 EPS Motors Market Size and Y-o-Y Growth
4.5.2 EPS Motors 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 CEPS Motor
5.2.2 REPS Motor
5.2.3 PEPS Motor
5.2.4 EHPS Motor
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 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global EPS Motors 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 EPS Motors 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 CEPS Motor
9.6.2 REPS Motor
9.6.3 PEPS Motor
9.6.4 EHPS Motor
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 Passenger Vehicle
9.10.2 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 CEPS Motor
10.6.2 REPS Motor
10.6.3 PEPS Motor
10.6.4 EHPS Motor
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 Passenger Vehicle
10.10.2 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 CEPS Motor
11.6.2 REPS Motor
11.6.3 PEPS Motor
11.6.4 EHPS Motor
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 Passenger Vehicle
11.10.2 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 CEPS Motor
12.6.2 REPS Motor
12.6.3 PEPS Motor
12.6.4 EHPS Motor
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 Passenger Vehicle
12.10.2 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 CEPS Motor
13.6.2 REPS Motor
13.6.3 PEPS Motor
13.6.4 EHPS Motor
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 Passenger Vehicle
13.10.2 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 EPS Motors Market: Competitive Dashboard
14.2 Global EPS Motors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nidec
14.3.2 Bosch
14.3.3 Mitsubishi Electric
14.3.4 Denso
14.3.5 ZF
14.3.6 LG Innotek
14.3.7 Mitsuba
14.3.8 Zhuzhou Elite Electro Mechanical Co., Ltd
14.3.9 Fuxin Dare Automotive Parts Co.,Ltd
