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Russia Automotive Electrohydraulic Power Steering Pump Market 2031
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Russia Automotive Electrohydraulic Power Steering Pump Market 2031

Segments - Russia Automotive Electrohydraulic Power Steering Pump (EHPS) Market by Component Type (Sensors, Steering Column, Steering Motors, and Others), Vehicle Types (Passengers Cars and Commercial Vehicles), Country (Russia) - Russia Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Akash Vedpathak
https://growthmarketreports.com/Vaibhav
Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :AL-3416 | 4.3 Rating | 61 Reviews | 165 Pages | Format : PDF Excel PPT

Report Description


The Russia Automotive Electrohydraulic Power Steering Pump (EHPS) 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 8% during the forecast period, 2023 – 2031. The growth of market is attributed to its adjustable speed where steering is monitored at a high priority when it is at low speed and lightly when speeds a bit high to have continuous control over the vehicle.

Nowadays, most of the vehicle are much heavy and shifted to front-wheel drive, along with size of the tire and its width, the effort involved to rotate the steering wheel manually have increased as well. To reduce such efforts, the power steering or the power assisted steering were introduced to support the drivers.

Russia Automotive Electrohydraulic Power Steering Pump (EHPS) Market Outlook

With the different types of steering available in the market for the users, the Automotive Electrohydraulic Power Steering Pump remains the most popular among the customers.

The electro-hydraulic system allows traditional hydraulic steering to function without the need of an engine-driven hydraulic pump, instead the power supplied from electric motor pump unit and does not draw power form engine.

This function is widely used in the vehicles that utilizes conventional hydraulic steering as a primary technology but can also cater to the hybrid electric-vehicle segment.

The COVID-19 outbreak impacted severally on the world economy and industry, European automotive industry was nothing different, the automotive sector in EU has suffered a major production loss approximately around 3.6 million vehicles which worth around USD 110.6 billion and that though in the initial phase of 2020 itself. The pandemic drastically affect the automotive power steering segment, as it was directly related with the production of the vehicles.

  • Increasing awareness regarding safety features demanded by the consumers is estimated to boost the market in the coming years.

  • Increasing numbers of government rules and regulation related to fuel-efficient technologies is expected to drive the market during the forecast period.

  • Growing initiatives by OEMs to reduce the weigh and complexity of the vehicles is anticipated to spur the market.

  • Increasing demand for fuel efficient cars and increasing vehicle production is expected to propel the market in the coming years.

  • R&D and technological advancement towards innovative products and mergers is estimated to create significant opportunities for the key players in the market.

  • High cost of production along with the lack of steering feel act as a major factor that can hinder the growth of the market during the forecast period.

Scope of the Russia Automotive Electrohydraulic Power Steering Pump (EHPS) Market

The report on Russia Automotive Electrohydraulic Power Steering Pump 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 Electrohydraulic Power Steering Pump (EHPS) Market – Russia Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Component Type (Sensors, Steering Column, Steering Motors, Others), Vehicle Types (Passengers Cars, Commercial Vehicles)

Country

Russia

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

ZF; Nexteer Automotive Group; NSK Group; Robert Bosch GmbH; JTEKT Corporation. 

           

Russia Automotive Electrohydraulic Power Steering Pump (EHPS) Market Segment Insights

The steering motor segment is expected to exhibit high CAGR

Based on the component types, the market is segregated into sensors, steering column, steering motors, and others. The steering motor segment is expected to exhibit high CAGR during the projected period owing to the system less complex than the traditional hydraulics or electro hydraulic steering system, provides direct assistance, and due to less involvement of fluid and liquids user finds it easy to maintain these systems.

Russia Automotive Electrohydraulic Power Steering Pump (EHPS) Market Component Types

The commercial vehicle segment is estimated to account for a key share of the market

On the basis of vehicle types, the market is bifurcated into passenger cars and commercial vehicles. The commercial vehicle segment is estimated to account for a key share of the market in the coming years owing to the cost beneficial factor for the commercial vehicle owners, save more fuel when compared with HPS system as it reduces approximately 70% of the fuel consumption, also offers significantly high rack load than as conventional HPS system.

Segments

The Russia automotive EHPS market has been bifurcated on the basis of

Component Types

  • Sensors
  • Steering Column
  • Steering Motors
  • Others

Vehicle Types

  • Passengers Cars
  • Commercial Vehicles

Country

  • Russia

Key Players

Competitive Landscape

Key players competing in the Russia automotive EHPS market include ZF; Nexteer Automotive Group; NSK Group; Robert Bosch GmbH; JTEKT Corporation.

Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Russia Automotive Electrohydraulic Power Steering Pump (EHPS) Market Key Players

Table Of Content

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

Methodology

Our Clients

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