DUBLIN, June 27, 2023 /PRNewswire/ — The “European Passenger Vehicle Power Steering Systems Growth Opportunities” report has been added to ResearchAndMarkets.com’s offering.
This study provides an analysis of the European power steering market. Power steering has been widely adopted in the passenger vehicle industry in Europe as it enables fuel efficiency, ensures easy integration with other vehicle systems, improves steering performance, and provides enhanced assistance for advanced driver-assistance systems (ADAS) and autonomous driving (AD).
Focusing primarily on the electric power steering (EPS) ecosystem, the study analyzes the current market landscape and offers relevant market growth forecasts. The EPS market in Europe was valued at $2.4 billion in 2022. The market is expected to have a compound annual growth rate (CAGR) of 3.0% from 2022 to 2030, achieving a value of $3.1 billion by the end of the forecast period.
The study provides a comprehensive analysis and forecast of the revenue and volume potential of different types of EPS systems, such as column-assist EPS, pinion-assist EPS, and rack-assist EPS. Additionally, it examines the impact of technological advancements, emerging trends, and industry challenges on the EPS market in Europe.
The study also identifies the key factors driving and restraining the growth of the market and provides valuable insights to help industry stakeholders navigate the evolving EPS market in Europe and capitalize on the growth opportunities emerging out of this space.
KEY ISSUES ADDRESSED
What are the different types of power steering systems?
How is the EPS market expected to grow? What are the key drivers and restraints for the EPS market?
Which are the key original equipment manufacturers (OEMs) and suppliers of EPS systems?
What strategies are OEMs adopting for EPS manufacturing and deployment in Europe?
What is the impact of technological advancements and emerging trends on the EPS market in Europe?
What are the different growth opportunities for the EPS market in Europe until 2030?
Key Topics Covered:
1. Strategic Imperatives
2. Growth Opportunity Analysis
Scope of Analysis
Power Steering System Segmentation
Power Steering Systems Definitions
Society of Automotive Engineers (SAE) International’s Definitions for Driving Automation Levels
Vehicle Segmentation
Key Competitors
Growth Metrics
Distribution Channels
Growth Drivers
Growth Restraints
3. EPS Systems Overview
EPS System Components
EPS Functional Roadmap
United Nations Economic Commission for Europe (UNECE) Regulation No.157 for Advanced Steering Functions in Vehicles
Comparison by EPS Type
Recommended EPS Systems for Passenger Vehicle Segments
EPS Technology Trends
SbW: Crucial Enabler of CASE Mobility
Driver-Out-of-the-Loop Steering Systems for the Future
Technology Trends: HO EPS
Technology Trends: mCEPS
Technology Trends: DC-enabled EPS
4. Growth Opportunity Analysis
Forecast Assumptions
Revenue and Unit Shipment Forecast
Revenue Forecast by Power Steering Type
Unit Shipment Forecast by Power Steering Type
Forecast Analysis
Pricing Trends and Forecast Analysis
Competitive Environment
5. Growth Opportunity Analysis: CEPS
Growth Metrics
Revenue and Unit Shipment Forecast
CEPS Penetration in Major OEM Groups
Forecast Analysis
6. Growth Opportunity Analysis: PEPS
Growth Metrics
Revenue and Unit Shipment Forecast
PEPS Penetration in Major OEM Groups
Forecast Analysis
7. Growth Opportunity Analysis: REPS
Growth Metrics
Revenue and Unit Shipment Forecast
REPS Penetration in Major OEM Groups
Forecast Analysis
8. Key OEM Profiles
BMW Group
Daimler Group
Ford Motor Company
Hyundai Group
Stellantis
Toyota Group
Volkswagen Group
9. EPS Supplier Profiles
Nexteer Automotive
JTEKT Corporation
Bosch
ZF
Hyundai Mobis
Supplier Portfolio Snapshot
10. Growth Opportunity Universe
Growth Opportunity 1: Advanced Steering Systems for ADAS and Autonomous Functions
Growth Opportunity 2: OEM Migration from Fail-safe to Fail-operational EPS
Growth Opportunity 3: Supplier Consolidation and Partnership to Gain Market Leadership
11. Conclusions and Future Outlook
12. Next Steps
For more information about this report visit https://www.researchandmarkets.com/r/cn5ph
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