Japan Automotive Electrically Powered Hydraulic Steering Market

Segments - Japan Automotive Electrically-Powered Hydraulic Steering Market by Vehicle Types [Commercial Vehicles and Passenger Vehicles], Component Types [Sensors, Steering Motor, and Others], and Geography–Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

Author : Akash Vedpathak

Fact-checked by : V. Chandola

Editor : Shruti Bhat

Report Description

The Japan automotive electrically-powered hydraulic steering market size is expected to expand at significant CAGR during forecast period 2021–2028. Growth of the market is attributed to rapid development in power steering, increase in tire diameter and width, and high consumer demand for fully equipped vehicles.

Electrically-powered hydraulic steering is an extension of the hydraulic power steering. The major change is how the hydraulic pump that provides the pressure necessary for the power steering to driven. In electro-hydraulic power steering system, an electric motor drives the pump, controlled according to the necessary assisting steering force. At slow speeds and when the vehicle is stationary, the supply of the hydraulic pump is augmented to supply a major volume of steering power. At high speeds, the pump revolving speed is reduced because assistance is not required.

Japan Automotive Electrically Powered Hydraulic Steering Market Outlook

The Covid-19 pandemic affected the demand and supply of Japan automotive electrically-powered hydraulic steering market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the COVID-19 pandemic is expected to contribute to the market growth over the forecast period.

Market Trends, Drivers, Restraints, and Opportunities

Rise in demand for fuel efficient vehicles is projected to boost the market in the coming years.
Rapid development in automotive electric power steering is major factor fuelling the market during the forecast period.
High cost of the products is anticipated to hamper market growth.
Rapid growth in autonomous cars is projected to hamper the market growth in the coming years.
R&D investment and technological advancement in automotive electrically-powered hydraulic steering sector is projected to create lucrative opportunities for the market players.

Scope of Automotive Electrically Powered Hydraulic Steering Market Report

The report on the Japan automotive electrically-powered hydraulic 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	Automotive Electrically-Powered Hydraulic Steering Market – Japan Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018-2019
Forecast Period	2021-2028
Segmentation	Vehicle Types [Commercial Vehicles and Passenger Vehicles], and Component Types [Sensors, Steering Motor, and Others]
Geographical 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	Mando Corporation, Continental AG, Showa Group, Robert Bosch GmbH, Nexteer Automotive Group Ltd, JTEKT Corporation, NSK Ltd, ZF Friedrichshafen AG, Danfoss, and Thyssenkrupp Presta AG

Japan Automotive Electrically Powered Hydraulic Steering Market Segment Insights

The passenger vehicles segment accounts for key share of the market

Based on vehicle types, the Japan automotive electrically-powered hydraulic steering market is bifurcated into commercial vehicles and passenger vehicles. The passenger vehicles segment accounts for a key share of the market. Growth of the market is attributed to rapidly increasing population, improvement in steering sensors technology, and increasing per capita income. The commercial vehicles segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rise in vehicle production, growing demand for advanced safety and convenience vehicles, and rise in car loans due to low interest rates.

Japan Automotive Electrically Powered Hydraulic Steering Market Vehicle Types

The steering motor segment accounts for major share of the market

Based on automations, the Japan automotive electrically-powered hydraulic steering market is fragmented into sensors, steering motor, and others. The steering motor segment accounts for a major share of the market. Growth of the market is attributed to presence of major automotive players in the region, increased spending on luxury cars, and rapid development in road networks. The sensors are anticipated to expand at a rapid pace during the forecast period due to factors such as rise in cost of revolutionary system, increasing usage of hydraulic power steering in commercial vehicles, and increased production of automobiles.

Japan Automotive Electrically Powered Hydraulic Steering Market Component Type

Automotive Electrically Powered Hydraulic Steering Market Geographical Outlook

Japan automotive electrically-powered hydraulic steering market is expected to grow at a significant CAGR. Increasing adoption of electric power steering in passenger cars and commercial vehicles is major factor driving the market during the forecast period. Variable ratio steering alternates the co-ordination between the driver’s movements.

The vehicle production has growing up significantly in Japan owing to increase in the vehicle production. Due to low production costs the Japan automotive electrically-powered hydraulic steering market is projected to expand in the coming years.

Segments

The Japan automotive electrically-powered hydraulic steering market has been segmented on the basis of

Vehicle Types

Commercial Vehicles
Passenger Vehicles

Component Types

Sensors
Steering Motor
Others

Geography

Japan

Key Players

Mando Corporation
Continental AG
Showa Group
Robert Bosch GmbH
Nexteer Automotive Group Ltd
JTEKT Corporation
NSK Ltd
ZF Friedrichshafen AG
Danfoss
Thyssenkrupp Presta AG

Competitive Landscape

Key players competing in the Japan automotive electrically-powered hydraulic steering market include Mando Corporation, Continental AG, Showa Group, Robert Bosch GmbH, Nexteer Automotive Group Ltd, JTEKT Corporation, NSK Ltd, ZF Friedrichshafen AG, Danfoss, and Thyssenkrupp Presta AG

Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and raise their production line of the business in the coming years.

Japan Automotive Electrically Powered Hydraulic Steering Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Electrically-Powered Hydraulic Steering 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 Electrically-Powered Hydraulic Steering Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Automotive Electrically-Powered Hydraulic Steering Market - Supply Chain
  4.5. Global Automotive Electrically-Powered Hydraulic Steering Market Forecast
     4.5.1. Automotive Electrically-Powered Hydraulic Steering Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Automotive Electrically-Powered Hydraulic Steering Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Automotive Electrically-Powered Hydraulic Steering Market Absolute $ Opportunity
5. Global Automotive Electrically-Powered Hydraulic Steering 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 Electrically-Powered Hydraulic Steering 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 Electrically-Powered Hydraulic Steering Demand Share Forecast, 2019-2026
6. North America Automotive Electrically-Powered Hydraulic Steering 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 Electrically-Powered Hydraulic Steering 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 Electrically-Powered Hydraulic Steering Demand Share Forecast, 2019-2026
7. Latin America Automotive Electrically-Powered Hydraulic Steering 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 Electrically-Powered Hydraulic Steering 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 Electrically-Powered Hydraulic Steering Demand Share Forecast, 2019-2026
8. Europe Automotive Electrically-Powered Hydraulic Steering 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 Electrically-Powered Hydraulic Steering 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 Electrically-Powered Hydraulic Steering Demand Share Forecast, 2019-2026
9. Asia Pacific Automotive Electrically-Powered Hydraulic Steering 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 Electrically-Powered Hydraulic Steering 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 Electrically-Powered Hydraulic Steering Demand Share Forecast, 2019-2026
10. Middle East & Africa Automotive Electrically-Powered Hydraulic Steering 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 Electrically-Powered Hydraulic Steering 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 Electrically-Powered Hydraulic Steering Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Automotive Electrically-Powered Hydraulic Steering Market: Market Share Analysis
  11.2. Automotive Electrically-Powered Hydraulic Steering Distributors and Customers
  11.3. Automotive Electrically-Powered Hydraulic Steering Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Mando Corporation
     11.4.2. Continental AG
     11.4.3. Showa Group
     11.4.4. Robert Bosch GmbH
     11.4.5. Nexteer Automotive Group Ltd
     11.4.6. JTEKT Corporation
     11.4.7. NSK Ltd
     11.4.8. ZF Friedrichshafen AG
     11.4.9. Danfoss
     11.4.10. Thyssenkrupp Presta AG