Market Overview:
The global passenger vehicle EPS market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fuel-efficient and environment-friendly vehicles. Additionally, the rising disposable income of consumers in developing countries is also propelling the demand for passenger vehicles, which in turn is fueling the growth of the EPS market. The C-EPS segment is expected to hold a major share of the global passenger vehicle EPS market during the forecast period owing to its low cost and high efficiency as compared to other types of EPS systems available in the market.
Product Definition:
Passenger Vehicle EPS is a system that helps to manage the braking force of a passenger vehicle. It does this by using electric power to assist in the braking process, which makes it easier for the driver to slow down or stop the car. Passenger Vehicle EPS is important because it helps make driving safer and easier, especially in challenging conditions like icy roads or heavy traffic.
C-EPS:
C-EPS, also known as carbon-rich epoxy, is a type of specialty high temperature insulation material that is used in the manufacturing of various automotive parts such as engine covers and battery housings. C-EPS offers several advantages over its conventional counterparts including low density and higher thermal conductivity.
The global market for passenger vehicle EPS was valued at USD 28 billion in 2016.
P-EPS:
P-EPS (Polyether ether ketone) is a polymer electrolyte membrane (PEM) material. It was developed as an alternative to conventional PTFE and has several advantages over it such as low dielectric constant, high breakdown voltage, and excellent thermal stability.
The development of P-EPS for automotive applications led to the creation of powertrain systems that are more efficient, durable & lightweight with increased performance & reliability.
Application Insights:
The SUV application segment accounted for the largest revenue share of over 30% in 2017. The demand for passenger vehicles with high safety and comfort is expected to drive the demand for SUV models, thereby fueling product demand over the forecast period. Furthermore, stringent environmental regulations in various regions are promoting electric powertrain adoption in heavy-duty vehicles such as buses and trucks, which is likely to positively impact market growth.
Other applications include minivans and light-duty trucks (LDT). Various manufacturers including Daimler AG; Ford Motor Company; Toyota Motors Corporation; Volkswagen AG; General Motors Company; Hyundai Motor America Inc.; Nissan North America, Inc.; Mitsubishi Heavy Industrial Limited.; Mahindra & Mahindra Ltd.;and Pramac Automotive Group S.p.A have started producing electric vans that comply with regulatory norms set by local authorities across countries such as China, Japan and South Korea respectively.
Regional Analysis:
Asia Pacific dominated the global passenger vehicle EPS market in terms of revenue with a share of over 40.0% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing automobile production and sales, especially in China and India. In addition, favorable government regulations for electric vehicles are anticipated to drive demand across this region over the forecast period.
Europe accounted for a major share of global passenger vehicle EPS market due to stringent emission norms coupled with consumer preference towards fuel-efficient vehicles that consume less energy. North America is also projected to have a positive outlook on account of growing environmental concerns among consumers as well as stringent emission norms implemented by regulatory bodies such as EPA (U.S.) and CARB (California Air Resources Board) pertaining to green cars.
Growth Factors:
- Increasing demand for passenger vehicles in developing countries
- Rising disposable income of consumers in developing countries
- Increasing urbanization and the consequent increase in demand for personal transportation
- Technological advancements that make passenger vehicles more fuel-efficient and environment-friendly
- Government policies and initiatives that promote the use of passenger vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Passenger Vehicle EPS Market Research Report
By Type
C-EPS, P-EPS, R-EPS
By Application
Sedan & Hatchback, SUV, Other
By Companies
JTEKT, Bosch, 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
137
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Passenger Vehicle EPS Market Report Segments:
The global Passenger 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
Sedan & Hatchback, SUV, Other
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
- Bosch
- NSK
- Nexteer
- ZF
- Mobis
- Showa
- Thyssenkrupp
- Mando
Highlights of The Passenger 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:
- Sedan & Hatchback
- SUV
- Other
- 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 Passenger 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?
Passenger Vehicle EPS is a measure of the efficiency of an automobile. It takes into account fuel economy, emissions, and depreciation.
Some of the key players operating in the passenger vehicle eps market are JTEKT, Bosch, NSK, Nexteer, ZF, Mobis, Showa, Thyssenkrupp, Mando.
The passenger 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 Passenger 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 Passenger Vehicle EPS Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Passenger 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 Passenger 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 Passenger Vehicle EPS Market Size & Forecast, 2018-2028
4.5.1 Passenger Vehicle EPS Market Size and Y-o-Y Growth
4.5.2 Passenger Vehicle EPS Market Absolute $ Opportunity
Chapter 5 Global Passenger 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 Passenger 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 Passenger 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 Passenger Vehicle EPS Market Size Forecast by Applications
6.2.1 Sedan & Hatchback
6.2.2 SUV
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Passenger 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 Passenger 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 Passenger Vehicle EPS Analysis and Forecast
9.1 Introduction
9.2 North America Passenger 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 Passenger 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 Passenger Vehicle EPS Market Size Forecast by Applications
9.10.1 Sedan & Hatchback
9.10.2 SUV
9.10.3 Other
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 Passenger Vehicle EPS Analysis and Forecast
10.1 Introduction
10.2 Europe Passenger 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 Passenger 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 Passenger Vehicle EPS Market Size Forecast by Applications
10.10.1 Sedan & Hatchback
10.10.2 SUV
10.10.3 Other
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 Passenger Vehicle EPS Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Passenger 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 Passenger 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 Passenger Vehicle EPS Market Size Forecast by Applications
11.10.1 Sedan & Hatchback
11.10.2 SUV
11.10.3 Other
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 Passenger Vehicle EPS Analysis and Forecast
12.1 Introduction
12.2 Latin America Passenger 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 Passenger 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 Passenger Vehicle EPS Market Size Forecast by Applications
12.10.1 Sedan & Hatchback
12.10.2 SUV
12.10.3 Other
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) Passenger Vehicle EPS Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Passenger 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) Passenger 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) Passenger Vehicle EPS Market Size Forecast by Applications
13.10.1 Sedan & Hatchback
13.10.2 SUV
13.10.3 Other
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 Passenger Vehicle EPS Market: Competitive Dashboard
14.2 Global Passenger Vehicle EPS Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 JTEKT
14.3.2 Bosch
14.3.3 NSK
14.3.4 Nexteer
14.3.5 ZF
14.3.6 Mobis
14.3.7 Showa
14.3.8 Thyssenkrupp
14.3.9 Mando
