Japan Automotive Electric Power Steering (EPS) Market
Segments - by Product Types (Rack Assist Type (REPS), Colum Assist Type (CEPS), and Pinion Assist Type (PEPS)), Vehicle Types (Passenger Car and Commercial Vehicle), Demand Categories (OEM and Replacement) and Country (Japan) - Japan Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The Japan automotive electric power steering market size is expected to expand at a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the government requirements and regulations relating to fuel-efficient technology and rising demand for performance efficient vehicles.
The Japanese automobile sector is one of the most well-known in the world. Since the 1960s, Japan has been in the top three countries with the most vehicles produced, overtaking Germany.
The Japan economy is expanding, and middle-class consumers disposable income is rising along with it. This has a favorable impact on the increasing demand for automobiles. Vehicle production has increased dramatically in the last five years as a result of the countries cheap manufacturing prices.
Increasing presence of variety of firms in automobiles manufacturing, construction vehicles, motorbikes, ATVs, and engines in the nation some of these are Nissan, Suzuki, Toyota, Honda, Daihatsu, Mazda, Mitsubishi, Subaru, Isuzu, Kawasaki, Yamaha, and Mitsuoka are among the major Japanese automakers witnessing both domestically and globally increasing production and sales and some premium brands such as Infiniti, Acura, and Lexus are also leading in the country.
The EPS manages and supports vehicle steering with the use of an electric motor, resulting in a smooth and enjoyable steering experience. Furthermore, the new generation of control units offers security in the event of a malfunction.
Market Trends, Drivers, Restraints, and Opportunities
- Rising popularity of self-driving vehicles is expected to boost the market in the coming years.
- Increasing demand for energy efficient vehicles is projected to fuel the market.
- Rapid growth of the auto industries is major factors driving the market in the coming years.
- Growing trend for luxury vehicle also high demand for advance technology with maximum safety features is estimated to fuel the market during the forecast period.
- High price of electric power steering (EPS) components is expected to hamper the market growth.
- Lack of steering feel act as key challenges that can hamper the market growth during the forecast period.
Scope of Japan Automotive Electric Power Steering Market Report
The report on the Japan automotive electric power steering market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Japan Automotive Electric Power Steering Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2020 |
|
Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
Segmentation |
Product Types (Rack assist type (REPS), Colum assist type (CEPS) and Pinion assist type (PEPS)), Vehicle Types (Passenger Car and Commercial Vehicle), Demand Categories (OEM and Replacement) |
|
Country Scope |
Japan |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
ZF / TRW; Bosch Corporation; NSK; JTEKT Corp.; Nexteer Automotive |
Japan Automotive Electric Power Steering Market Segment Insights
Based on product types, the Japan automotive electric power steering market is divided into rack assist type (REPS), Colum assist type (CEPS), and pinion assist type (PEPS). The pinion assist type (PEPS) segment is expected to represent a key share of the market during the forecast period due to its widely used for control and assist of the vehicle steering from mid-size to SUVs.
On the basis of vehicle types, the Japan automotive electric power steering market is segregated into passenger car and commercial vehicle. The passenger car segment is expected to account for a key share of the market in the coming years owing to its benefits, such as the lack of hoses or fluids in the steering system, it is less expensive to fix and maintain.
In terms of demand categories, the Japan automotive electric power steering market is segmented into OEM and replacement. The OEM segment is expected to represent a key share of the market during the forecast period owing to taking steps to minimize the weight and complexity of cars, while vehicle manufacturing is expanding internationally.
Segments
The Japan automotive electric power steering market has been segmented on the basis of
Product Types
- Rack assist type (REPS)
- Colum assist type (CEPS)
- Pinion assist type (PEPS)
Vehicle Types
- Passenger Car
- Commercial Vehicle
Demand Categories
- OEM
- Replacement
Country
-
Japan
Key Players
- ZF / TRW
- Bosch Corporation
- NSK
- JTEKT Corp.
- Nexteer Automotive
Competitive Landscape
Key players competing in the Japan automotive electric power steering market include ZF / TRW; Bosch Corporation; NSK; JTEKT Corp.; Nexteer Automotive. Some of these players are coming up with several market such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase/enhance their market shares. For instance,
- In January 2020, Toyota Motor Corporation was acquired by JTEKT. Yutaka is a company that makes automobile components and distributes gears for machines in general.
- In April, 2019 DENSO was honored by the Japanese Ministry of Education, Culture, Sports, Science, and Technology for designing the world's first 2-Drive Electric Power Steering MCU.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Electric Power Steering (EPS) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Automotive Electric Power Steering (EPS) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Automotive Electric Power Steering (EPS) Market - Supply Chain
4.5. Global Automotive Electric Power Steering (EPS) Market Forecast
4.5.1. Automotive Electric Power Steering (EPS) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Automotive Electric Power Steering (EPS) Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Automotive Electric Power Steering (EPS) Market Absolute $ Opportunity
5. Global Automotive Electric Power Steering (EPS) Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Automotive Electric Power Steering (EPS) Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Automotive Electric Power Steering (EPS) Demand Share Forecast, 2019-2026
6. North America Automotive Electric Power Steering (EPS) Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Automotive Electric Power Steering (EPS) Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Automotive Electric Power Steering (EPS) Demand Share Forecast, 2019-2026
7. Latin America Automotive Electric Power Steering (EPS) Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Automotive Electric Power Steering (EPS) Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Automotive Electric Power Steering (EPS) Demand Share Forecast, 2019-2026
8. Europe Automotive Electric Power Steering (EPS) Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Automotive Electric Power Steering (EPS) Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Automotive Electric Power Steering (EPS) Demand Share Forecast, 2019-2026
9. Asia Pacific Automotive Electric Power Steering (EPS) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Automotive Electric Power Steering (EPS) Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Automotive Electric Power Steering (EPS) Demand Share Forecast, 2019-2026
10. Middle East & Africa Automotive Electric Power Steering (EPS) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Automotive Electric Power Steering (EPS) Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Automotive Electric Power Steering (EPS) Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Automotive Electric Power Steering (EPS) Market: Market Share Analysis
11.2. Automotive Electric Power Steering (EPS) Distributors and Customers
11.3. Automotive Electric Power Steering (EPS) Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Electric Power Steering (EPS) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Automotive Electric Power Steering (EPS) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Automotive Electric Power Steering (EPS) Market - Supply Chain
4.5. Global Automotive Electric Power Steering (EPS) Market Forecast
4.5.1. Automotive Electric Power Steering (EPS) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Automotive Electric Power Steering (EPS) Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Automotive Electric Power Steering (EPS) Market Absolute $ Opportunity
5. Global Automotive Electric Power Steering (EPS) Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Automotive Electric Power Steering (EPS) Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Automotive Electric Power Steering (EPS) Demand Share Forecast, 2019-2026
6. North America Automotive Electric Power Steering (EPS) Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Automotive Electric Power Steering (EPS) Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Automotive Electric Power Steering (EPS) Demand Share Forecast, 2019-2026
7. Latin America Automotive Electric Power Steering (EPS) Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Automotive Electric Power Steering (EPS) Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Automotive Electric Power Steering (EPS) Demand Share Forecast, 2019-2026
8. Europe Automotive Electric Power Steering (EPS) Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Automotive Electric Power Steering (EPS) Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Automotive Electric Power Steering (EPS) Demand Share Forecast, 2019-2026
9. Asia Pacific Automotive Electric Power Steering (EPS) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Automotive Electric Power Steering (EPS) Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Automotive Electric Power Steering (EPS) Demand Share Forecast, 2019-2026
10. Middle East & Africa Automotive Electric Power Steering (EPS) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Automotive Electric Power Steering (EPS) Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Automotive Electric Power Steering (EPS) Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Automotive Electric Power Steering (EPS) Market: Market Share Analysis
11.2. Automotive Electric Power Steering (EPS) Distributors and Customers
11.3. Automotive Electric Power Steering (EPS) Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
Our Clients
Related Reports
Some other reports from this category!
