Market Overview:
The global vehicle EPS motor 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 efficiency among consumers. In terms of volume, the passenger vehicle segment is expected to dominate the market during the forecast period. However, in terms of value, the commercial vehicle segment is expected to grow at a higher rate than other segments. Regionally, North America is estimated to account for a major share of the global market in 2018 owing to high adoption rates of electric vehicles and stringent emission norms across countries such as Canada and U.S.
Product Definition:
A vehicle EPS motor is a device that helps to power the steering system in a car. It is typically an electric motor, and it can help to make steering easier and more responsive. The importance of a vehicle EPS motor lies in its ability to improve safety and control while driving.
CEPS Motor:
CEPS (Current Electric Power System) motor is used in electric power steering systems. It has a high torque density and low speed which makes it suitable for applications that require high force but limited speed. The CEPS motor is smaller than the standard EPS motors, its housing is shorter and wider making it look like an enlarged version of the standard EPS type.
REPS Motor:
The REPS motor is used in electric power steering systems and vehicle Electronic Power Steering (EPS) motors. It is a type of stepper motor with an integrated gear reduction system that reduces the speed of the rotor when it is not needed for improved efficiency.
The market for Vehicle EPS Motor in the U.
Application Insights:
The passenger vehicle segment accounted for the largest share of over 60.0% in 2017. The growing demand for electric vehicles is expected to have a positive impact on the industry growth over the forecast period. Increasing government initiatives and regulations regarding reducing carbon emissions are likely to propel market growth in this segment over the coming years.
Commercial vehicles are projected to witness significant growth at a CAGR of XX% from 2018 to 2030 owing to rising demand from construction and mining industries, which require large number of trucks with high power density batteries as compared with passenger cars or light commercial vehicles (LCVs).
Regional Analysis:
Asia Pacific dominated the global vehicle EPS motor market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from countries such as China, India, Japan, and South Korea. Asia Pacific is also one of the key manufacturing hubs for vehicles including passenger cars and commercial vehicles. This factor will boost regional market growth in near future as well.
Europe accounted for a significant share owing to stringent government regulations regarding fuel emissions coupled with rising consumer awareness about environment-friendly products/ solutions among other factors driving the regional market growth are some others responsible for Europe’s high share compared to other regions globally in 2016.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 14% during the forecast period. This will lead to an increase in the demand for vehicle EPS motors.
- Rising awareness about environment-friendly technologies: There is a growing awareness among consumers about the benefits of using environment-friendly technologies such as electric vehicles. This is likely to boost the demand for vehicle EPS motors in the coming years.
- Technological advancements: Vehicle EPS motor manufacturers are constantly investing in research and development activities to bring out new and innovative products that can meet the changing needs of consumers. This is likely to spur growth in this market over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vehicle EPS Motor 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, Nidec
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Vehicle EPS Motor Market Report Segments:
The global Vehicle EPS Motor 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
- Nidec
Highlights of The Vehicle EPS Motor 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 Vehicle EPS Motor 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?
The vehicle electric power steering motor is a device that helps to steer the car by providing power to the steering wheel.
Some of the key players operating in the vehicle eps motor market are Nidec, Bosch, Mitsubishi Electric, Denso, ZF, LG Innotek, Mitsuba, Zhuzhou Elite Electro Mechanical Co., Ltd, Fuxin Dare Automotive Parts Co.,Ltd, Nidec.
The vehicle eps motor 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 Vehicle EPS Motor 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 Vehicle EPS Motor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vehicle EPS Motor 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 Vehicle EPS Motor 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 Vehicle EPS Motor Market Size & Forecast, 2018-2028
4.5.1 Vehicle EPS Motor Market Size and Y-o-Y Growth
4.5.2 Vehicle EPS Motor Market Absolute $ Opportunity
Chapter 5 Global Vehicle EPS Motor 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 Vehicle EPS Motor 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 Vehicle EPS Motor 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 Vehicle EPS Motor 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 Vehicle EPS Motor 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 Vehicle EPS Motor 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 Vehicle EPS Motor Analysis and Forecast
9.1 Introduction
9.2 North America Vehicle EPS Motor 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 Vehicle EPS Motor 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 Vehicle EPS Motor 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 Vehicle EPS Motor Analysis and Forecast
10.1 Introduction
10.2 Europe Vehicle EPS Motor 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 Vehicle EPS Motor 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 Vehicle EPS Motor 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 Vehicle EPS Motor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vehicle EPS Motor 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 Vehicle EPS Motor 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 Vehicle EPS Motor 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 Vehicle EPS Motor Analysis and Forecast
12.1 Introduction
12.2 Latin America Vehicle EPS Motor 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 Vehicle EPS Motor 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 Vehicle EPS Motor 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) Vehicle EPS Motor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vehicle EPS Motor 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) Vehicle EPS Motor 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) Vehicle EPS Motor 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 Vehicle EPS Motor Market: Competitive Dashboard
14.2 Global Vehicle EPS Motor 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
14.3.10 Nidec
