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Automotive Electro-hydraulic Power Steering System - Global Market Outlook (2017-2026)

Automotive Electro-hydraulic Power Steering System - Global Market Outlook (2017-2026)

4.5 (57 reviews)
Published: July 2019 ID: SMRC18435
4.5 (57 reviews)
Published: July 2019 ID: SMRC18435

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Automotive Electro-hydraulic Power Steering System Market is growing at a CAGR of 12.8% during the forecast period. Some of the key factors influencing the market growth include rising penetration of 48V electrical architecture in modern vehicles and development of steer-by-wire systems. However, high cost associated with power steering system is restraining the market growth.

An automotive EHPS system is a hybrid steering system that combines the positive features of hydraulic steering systems, such as the natural smooth feel, and the fuel-efficient operations of the power steering systems, which draw power from the vehicle battery instead of the engine. 

Amongst application, the passenger vehicle growth is due to increased demand for sedans, luxury sedans, and mid-range vehicles that have robust steering systems to ensure seamless drivability. By Geography, Asia-Pacific is estimated to have a lucrative growth during the forecast period owing to continuous developments in the automotive sector and increase in production of heavy commercial vehicles coupled with higher adoption rate of such systems as compared to other regions.

Some of the key players in global automotive electro-hydraulic power steering system market are Hitachi Automotiec Systems, Nexteer Automotive, Delphi Automotive Systems, Mando, Continental, Robert Bosch, Hafei Industrial, Infineon Technologies, ZF Friedrichshafen, JTEKT Corporation, Mitsubishi Electric, ATS Automation, Hyundai Mobis, TRW Automotive, GKN and Thyssenkrupp Presta.

Products Covered:
• P-EHPS
• R-EHPS
• C-EHPS

Applications Covered:
• Commercial Vehicle
• Passenger Vehicle

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand      
o South Korea       
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players 
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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