Asia Pacific Electric Power Steering Market – Industry Analysis and Market Forecast (2019-2026) – by Type, by Vehicle Type, by Application and By Country.


Asia Pacific Electric Power Steering Market is expected to grow at a CAGR of 8% throughout the forecast period, to reach US$ 39.83 Bn. by 2026.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments.

The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.



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The electronic power steering market is primarily reliant on the automobile manufacturing sector. Further, research and development activities by various automotive firms are one of the driving factors of the Asia Pacific electronic power steering market. Developments of the sophisticated and robust steering mechanism are estimated to fuel up the Asia Pacific electronic power steering market.

Asia Pacific Electric power steering Market, Drivers and Restraints:

Asia Pacific electric power steering market has a regulatory push towards efficient technologies. Global measures by OEMs to decrease the complexity and weight of vehicles and increasing the vehicle production are boosting the Asia pacific electric power steering market. High cost of EPS as compared to traditional steering system and Lack of the steering feel are some of the factors that hamper the growth of the market.

Asia Pacific Electric power steering Market, Challenges:

Maintaining electronic power steering market against steer-by-wire technology and autonomous vehicles without steering wheels are the challenges for the Asia Pacific electric power steering market.

According to the type segment, CEPS is dominating the electric power steering market. Column Assist EPS (CEPS) has proved to be the perfect solution for compact vehicles that include lesser space in the engine room as the power help unit is located in the cabin. This system integrates the system electronics (motor, controller, and sensor) and help mechanism with the steering column. Nearby 60% of vehicles that have an EPS system feature CEPS steering systems.

In terms of the electric vehicle, the Electric power steering market for hybrid electric vehicles (HEV) is estimated to grow at the highest CAGR of XX% during the forecast period. The growth of the HEV segment can be attributed to the engine structure of the vehicle, which merges a conventional internal combustion engine (ICE) system with an electric propulsion system. Also, the growing sales of HEVs in the Asia Pacific region are driving the growth of electric power steering systems in these vehicles.

The objective of the report is to present a comprehensive analysis of the Asia Pacific Electric Power Steering Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by Region.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by Region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Asia Pacific Electric Power Steering Market dynamics, structure by analyzing the market segments and project the Asia Pacific Electric Power Steering Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Product portfolio, growth strategies, and regional presence in the Asia Pacific Electric Power Steering Market make the report investor’s guide.

Asia Pacific Electric power steering Market, Key Highlights:

• Asia Pacific Electric power steering Market analysis and forecast, in terms of value.

• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Asia Pacific Electric power steering Market

• Asia Pacific Electric power steering Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

• Asia Pacific Electric power steering Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

• Asia Pacific Electric power steering Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Asia Pacific Electric power steering Market are also profiled.

Scope of the Asia Pacific Electric power steering Market: Inquire before buying


Asia Pacific Electric power steering Market, by Type

• REPS
• CEPS
• PEPS

Asia Pacific Electric power steering Market, by Application

• Passenger car
• Commercial car

Asia Pacific Electric power steering Market, by Electric vehicle

• BEV
• PHEV
• HEV

Asia Pacific Electric power steering Market, By Country

• China
• Japan
• India
• South Korea
• Australia
• New Zealand
• Rest of Asia Pacific

Key players operating on the Asia Pacific Electric power steering Market are

• Mando Corporation (South Korea)
• Robert Bosch GmbH (Germany)
• Mitsubishi Electric Corporation (Japan)
• Showa Corporation (Japan)
• JTEKT Corporation (Japan)
• Sona Koyo Steering Systems Ltd. (India)
• Hyundai Mobis (South Korea)
• NSK Ltd. (Japan)
• Thyssenkrupp AG (Germany).

India Automotive Brushless DC Motors Market BLDC 





Asia Pacific Electric Power Steering Market

1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
1.4. Key Questions Answered

2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations Used
2.3. Research Methodology

3. Executive Summary
3.1. Asia Pacific Electric power steering Market Size, by Market Value (US$ Bn) and Market, By Country

4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.3. Drivers and Restraints Snapshot Analysis
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.3.4. Porter’s Analysis
4.3.5. Value Chain Analysis
4.3.6. SWOT Analysis

5. Asia Pacific Electric power steering Market Analysis and Forecast
5.1. Asia Pacific Electric power steering Market Analysis and Forecast
5.2. Asia Pacific Electric power steering Market Size& Y-o-Y Growth Analysis
5.2.1. Asia Pacific

6. Asia Pacific Electric power steering Market Analysis and Forecast, by Type
6.1. Introduction and Definition
6.2. Asia Pacific Electric power steering Market Value Share Analysis, by Type
6.3. Asia Pacific Electric power steering Market Size (US$ Bn) Forecast, by Type
6.4. Asia Pacific Electric power steering Market Analysis, by Type
6.5. Asia Pacific Electric power steering Market Attractiveness Analysis, by Type

7. Asia Pacific Electric power steering Market Analysis and Forecast, by Electric vehicle
7.1. Introduction and Definition
7.2. Asia Pacific Electric power steering Market Value Share Analysis, by Electric vehicle
7.3. Asia Pacific Electric power steering Market Size (US$ Bn) Forecast, by Electric vehicle
7.4. Asia Pacific Electric power steering Market Analysis, by Electric vehicle
7.5. Asia Pacific Electric power steering Market Attractiveness Analysis, by Electric vehicle

8. Asia Pacific Electric power steering Market Analysis and Forecast, by Application
8.1. Introduction and Definition
8.2. Asia Pacific Electric power steering Market Value Share Analysis, by Application
8.3. Asia Pacific Electric power steering Market Size (US$ Bn) Forecast, by Application
8.4. Asia Pacific Electric power steering Market Analysis, by Application
8.5. Asia Pacific Electric power steering Market Attractiveness Analysis, by Application

9. Asia Pacific Electric power steering Market Analysis, by Country
9.1. Asia Pacific Electric power steering Market Value Share Analysis, by Country
9.2. Asia Pacific Electric power steering market Size (US$ Bn) Forecast, by Country
9.3. Asia Pacific Electric power steering Market Attractiveness Analysis, by Country

10. Asia Pacific Electric power steering Market Analysis
10.1. Key Findings
10.2. Asia Pacific Electric power steering Market Overview
10.3. Asia Pacific Electric power steering Market Value Share Analysis, by Type
10.4. Asia Pacific Electric power steering Market Forecast, by Type
10.4.1. REPS
10.4.2. CEPS
10.4.3. PEPS
10.5. Asia Pacific Electric power steering Market Value Share Analysis, by Electric vehicle
10.6. Asia Pacific Electric power steering Market Forecast, by Electric vehicle
10.6.1. BEV
10.6.2. PHEV
10.6.3. HEV
10.7. Asia Pacific Electric power steering Market Value Share Analysis, by Application
10.8. Asia Pacific Electric power steering Market Forecast, by Application
10.8.1. Passenger car
10.8.2. Commercial car
10.9. Asia Pacific Electric power steering Market Value Share Analysis, by Country
10.10. Asia Pacific Electric power steering Market Forecast, by Country
10.10.1. China,
10.10.2. India,
10.10.3. Japan,
10.10.4. South Korea,
10.10.5. Australia,
10.10.6. New Zealand,
10.10.7. Rest of Asia Pacific
10.11. Asia Pacific Electric power steering Market Analysis, by Country/ Sub-region
10.12. China Virtual Data Room Market Forecast, by Type
10.12.1. REPS
10.12.2. CEPS
10.12.3. PEPS
10.13. China Virtual Data Room Market Forecast, by Electric vehicle
10.13.1. BEV
10.13.2. PHEV
10.13.3. HEV
10.14. China Virtual Data Room Market Forecast, by Application
10.14.1. Passenger car
10.14.2. Commercial car
10.15. India Virtual Data Room Market Forecast, by Type
10.15.1. REPS
10.15.2. CEPS
10.15.3. PEPS
10.16. India Virtual Data Room Market Forecast, by Electric vehicle
10.16.1. BEV
10.16.2. PHEV
10.16.3. HEV
10.17. India Virtual Data Room Market Forecast, by Application
10.17.1. Passenger car
10.17.2. Commercial car
10.18. Japan Virtual Data Room Market Forecast, by Type
10.18.1. REPS
10.18.2. CEPS
10.18.3. PEPS
10.19. Japan Virtual Data Room Market Forecast, by Electric vehicle
10.19.1. BEV
10.19.2. PHEV
10.19.3. HEV
10.20. Japan Virtual Data Room Market Forecast, by Application
10.20.1. Passenger car
10.20.2. Commercial car
10.21. SOUTH KOREA Virtual Data Room Market Forecast, by Type
10.21.1. REPS
10.21.2. CEPS
10.21.3. PEPS
10.22. SOUTH KOREA Virtual Data Room Market Forecast, by Electric vehicle
10.22.1. BEV
10.22.2. PHEV
10.22.3. HEV
10.23. SOUTH KOREA Virtual Data Room Market Forecast, by Application
10.23.1. Passenger car
10.23.2. Commercial car
10.24. Australia Virtual Data Room Market Forecast, by Type
10.24.1. REPS
10.24.2. CEPS
10.24.3. PEPS
10.25. Australia Virtual Data Room Market Forecast, by Electric vehicle
10.25.1. BEV
10.25.2. PHEV
10.25.3. HEV
10.26. Australia Virtual Data Room Market Forecast, by Application
10.26.1. Passenger car
10.26.2. Commercial car
10.27. New Zealand Virtual Data Room Market Forecast, by Type
10.27.1. REPS
10.27.2. CEPS
10.27.3. PEPS
10.28. New Zealand Virtual Data Room Market Forecast, by Electric vehicle
10.28.1. BEV
10.28.2. PHEV
10.28.3. HEV
10.29. New Zealand Virtual Data Room Market Forecast, by Application
10.29.1. Passenger car
10.29.2. Commercial car
10.30. Rest of Asia Pacific Electric power steering Market Forecast, by Type
10.30.1. REPS
10.30.2. CEPS
10.30.3. PEPS
10.31. Rest of Asia Pacific Electric power steering Market Forecast, by Electric vehicle
10.31.1. BEV
10.31.2. PHEV
10.31.3. HEV
10.32. Rest of Asia Pacific Electric power steering Market Forecast, by Application
10.32.1. Passenger car
10.32.2. Commercial car
10.33. Asia Pacific Electric power steering Market Attractiveness Analysis
10.33.1. By Type
10.33.2. By Electric vehicle
10.33.3. By Application
10.34. PEST Analysis

11. Company Profiles
11.1. Market Share Analysis, by Company
11.2. Competition Matrix
11.3. Company Profiles: Key Players
11.3.1. Mando Corporation (South Korea)
11.3.2. Robert Bosch GmbH (Germany)
11.3.3. Mitsubishi Electric Corporation (Japan)
11.3.4. Showa Corporation (Japan)
11.3.5. JTEKT Corporation (Japan)
11.3.6. Sona Koyo Steering Systems Ltd. (India)
11.3.7. Hyundai Mobis (South Korea)
11.3.8. NSK Ltd. (Japan)
11.3.9. Thyssenkrupp AG (Germany)

12. Primary Key Insights
  • INQUIRE BEFORE BUYING