Market Overview:
The global light 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 type, the C-EPS segment is expected to lead the market during the forecast period, owing to its low cost and easy installation. However, P-EPS is projected to grow at a higher rate than other types due to its superior performance and longer life span as compared with other types of EPS systems. In terms of application, long distance transportation is expected to hold a major share in the global light commercial vehicle EPS market during the forecast period owing to increased demand for goods transportation across long distances.
Product Definition:
Light Commercial Vehicle EPS is an abbreviation for "electric power steering." It is a system that uses electric motors to assist the driver in turning the vehicle's wheels. This system is often used in light commercial vehicles, such as vans and small trucks. The importance of Light Commercial Vehicle EPS lies in its ability to improve fuel economy and reduce emissions while also providing a more comfortable driving experience.
C-EPS:
C-EPS (Cyclic Olefin Polymer Semiconductor) is a polymer material, which has high thermal stability and electrical conductivity. It can be used as an alternative to conventional materials such as metal and ceramic in various applications including electric vehicles. C-EPS has the potential to replace expensive components in EVs, making them cheaper to run over the long term.
P-EPS:
The global P-EPS market size was valued at USD 5.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. Increasing demand for light commercial vehicles across the globe owing to rising disposable income levels, rapid urbanization, and changing lifestyles has been driving the growth of this market globally.
Application Insights:
The long-distance segment dominated the global market and accounted for more than 60.0% share of the total revenue in 2017. The growth can be attributed to increasing demand from developing countries in Asia Pacific and Latin America, where domestic transport services are inadequate to meet the demand for goods and services resulting in an increased use of light commercial vehicles with C-EPS or polystyrene foam as packing materials on account of its lightweight properties.
The short-distance segment is expected to witness significant growth over the forecast period owing to rising disposable income among consumers, which has resulted in a rise in spending on travel & tourism activities across various regions including North America, Europe, Asia Pacific and Middle East & Africa.
Regional Analysis:
Asia Pacific dominated the global light commercial vehicle EPS market in terms of revenue with a share of over 40% in 2017. This is attributed to the increasing sales and production of LCVs in countries such as China, India, Japan, and South Korea. The growing manufacturing sector coupled with government initiatives to promote automotive industry growth is expected to drive demand for LCVs over the forecast period.
Europe was estimated at USD X billion in 2017 owing to high demand from Germany and Italy on account of rising fuel economy norms for commercial vehicles along with stringent environmental regulations by European Union (EU). In addition, growing adoption across other countries such as France and U.K., will have a positive impact on regional growth over the next eight years.
Growth Factors:
- Increasing demand for LCVs from the commercial sector owing to growth in economic activities.
- Proliferation of online retail and e-commerce is expected to result in higher demand for delivery vehicles.
- Rising popularity of shared mobility services is anticipated to boost sales of LCVs in the coming years.
- Stringent emission norms by regulatory authorities are likely to promote adoption of more fuel-efficient vehicles, thereby aiding growth of the market over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Light Commercial Vehicle EPS Market Research Report
By Type
C-EPS, P-EPS, R-EPS
By Application
Long Distance, Short Distance
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Light Commercial Vehicle EPS Market Report Segments:
The global Light 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
Long Distance, Short Distance
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 Light 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:
- Long Distance
- Short Distance
- 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 Light 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?
Light Commercial Vehicle EPS is a measure of the profitability of a company's light commercial vehicle business.
Some of the major players in the light commercial vehicle eps market are JTEKT, NSK, Nexteer, ZF, Mobis, Showa, Thyssenkrupp, Mando.
The light 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 Light 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 Light Commercial Vehicle EPS Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Light 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 Light 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 Light Commercial Vehicle EPS Market Size & Forecast, 2018-2028
4.5.1 Light Commercial Vehicle EPS Market Size and Y-o-Y Growth
4.5.2 Light Commercial Vehicle EPS Market Absolute $ Opportunity
Chapter 5 Global Light Commercial Vehicle EPS 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 Light Commercial Vehicle EPS 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 Light Commercial Vehicle EPS 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 Light Commercial Vehicle EPS Market Size Forecast by Applications
6.2.1 Long Distance
6.2.2 Short Distance
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Light 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 Light 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 Light Commercial Vehicle EPS Analysis and Forecast
9.1 Introduction
9.2 North America Light Commercial Vehicle EPS 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 Light Commercial Vehicle EPS 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 Light Commercial Vehicle EPS Market Size Forecast by Applications
9.10.1 Long Distance
9.10.2 Short Distance
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 Light Commercial Vehicle EPS Analysis and Forecast
10.1 Introduction
10.2 Europe Light Commercial Vehicle EPS 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 Light Commercial Vehicle EPS 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 Light Commercial Vehicle EPS Market Size Forecast by Applications
10.10.1 Long Distance
10.10.2 Short Distance
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 Light Commercial Vehicle EPS Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Light Commercial Vehicle EPS 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 Light Commercial Vehicle EPS 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 Light Commercial Vehicle EPS Market Size Forecast by Applications
11.10.1 Long Distance
11.10.2 Short Distance
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 Light Commercial Vehicle EPS Analysis and Forecast
12.1 Introduction
12.2 Latin America Light Commercial Vehicle EPS 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 Light Commercial Vehicle EPS 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 Light Commercial Vehicle EPS Market Size Forecast by Applications
12.10.1 Long Distance
12.10.2 Short Distance
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) Light Commercial Vehicle EPS Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Light Commercial Vehicle EPS 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) Light Commercial Vehicle EPS 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) Light Commercial Vehicle EPS Market Size Forecast by Applications
13.10.1 Long Distance
13.10.2 Short Distance
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 Light Commercial Vehicle EPS Market: Competitive Dashboard
14.2 Global Light 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
