Japan Automotive Electric Power Steering (EPS) Market [2031]

Japan Automotive Electric Power Steering (EPS) Market [2031]

Segments - Japan Automotive Electric Power Steering (EPS) Market 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 2023 – 2031

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Author : Akash Vedpathak
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Fact-checked by : Vineet Pandey
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Editor : Shruti Bhat

Upcoming | Report ID :AL-2751 | 4.2 Rating | 76 Reviews | 200 Pages | Format : PDF Excel PPT

Report Description


The Japan Automotive Electric Power Steering (EPS) Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 12.5% during the forecast period, 2023 – 2031. 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.

Japan Automotive Electric Power Steering (EPS) Market Outlook

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.

  • 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

2022

Historic Data

2016–2021

Forecast Period

2023–2031

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.

Japan Automotive Electric Power Steering (EPS) Market Product Types

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.

Japan Automotive Electric Power Steering (EPS) Market Demand Categories

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

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.

Japan Automotive Electric Power Steering (EPS) Market Key Players

Table Of Content

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)

Methodology

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