市場調查報告書
商品編碼
1455106
全球電動方向盤市場規模、佔有率、成長分析、按產品類型、口味變化、分銷管道 - 產業預測,2024-2031 年Global Electric Power Steering Market Size, Share, Growth Analysis, By Product type,(fruit strips, fruit gummies), By Flavor Variation(Strawberry, apple), By Distribution channel(Hypermarkets/Supermarkets, Specialty Stores) - Industry Forecast 2024-2031 |
2022年全球電動方向盤市場規模為256.6億美元,將從2023年的271億美元成長到2031年的419億美元,預測期內(2024-2031年)複合年成長率為5.60%。成長。
由於幾個關鍵因素,電動方向盤(EPS) 市場正在經歷顯著成長。汽車產業向 ADAS(高級駕駛輔助系統)的轉變以及對省油車不斷成長的需求是採用 EPS 的主要驅動力。以 EPS 取代傳統的液壓轉向系統可提高燃油效率和車輛性能。此外,自動駕駛和半自動汽車的成長趨勢進一步推動了市場的發展,因為 EPS 滿足了這些先進駕駛技術的要求。因此,EPS 正成為現代車輛的標準配置,有助於擴大全球電動方向盤整體市場。
Global Electric Power Steering Market size was valued at USD 25.66 Billion in 2022 and is poised to grow from USD 27.10 Billion in 2023 to USD 41.90 Billion by 2031, at a CAGR of 5.60% during the forecast period (2024-2031).
The Electric Power Steering (EPS) market is witnessing significant growth driven by several key factors. The automotive industry's transition towards advanced driver assistance systems and the rising demand for fuel-efficient vehicles are primary catalysts for EPS adoption. The replacement of conventional hydraulic steering systems with EPS enhances fuel efficiency and vehicle performance. Moreover, the increasing trend of autonomous and semi-autonomous vehicles is further propelling the market as EPS aligns with the requirements of these advanced driving technologies. Consequently, EPS is becoming a standard feature in contemporary automobiles, thereby contributing to the overall expansion of the global Electric Power Steering market.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Electric Power Steering Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Electric Power Steering Market Segmental Analysis
The global Electric Power Steering market is segmented into four major segments i.e. by Type, Vehicle Type, Component, and region. Based on Type, it is divided into Column Assist Electric Power Steering (C-EPS), Pinion Assist Electric Power Steering (P-EPS), Rack Assist Electric Power Steering (R-EPS). Based on Flavor variation, it is bifurcated as Passenger Cars, Commercial Vehicles. Based on Distribution channel it is segregated into, Steering Column, Steering Motor, Steering Gear. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, Latin America.
Drivers of the Global Electric Power Steering Market
The increasing consumer preference for advanced driving assistance systems (ADAS) and fuel-efficient vehicles underscores the significance of electronic power steering (EPS) systems in enhancing both safety and fuel economy, catering to the changing preferences of automobile buyers. As the automotive industry continues to pivot towards electric and hybrid vehicles, the adoption of EPS is accelerated due to its compatibility with these emerging technologies, reflecting a broader trend towards sustainability and innovation in the automotive sector.
Restraints in the Global Electric Power Steering Market
One major limitation in the market is the initial cost associated with adopting EPS systems over conventional hydraulic steering mechanisms, which proves challenging especially in markets with cost-sensitive consumers and economic instabilities. Additionally, the potential for increased complexity in maintenance and repair presents another constraint, as EPS systems incorporate electronic components that may demand specialized skills and equipment for servicing.
Market Trends of the Global Electric Power Steering Market
The incorporation of advanced driving assistance systems (ADAS) into Electronic Power Steering (EPS) is enhancing safety features such as lane-keeping assistance and automated parking. There is a noticeable industry trend towards steer-by-wire technology, eliminating the traditional mechanical linkage between the steering wheel and the wheels. This transition allows for more adaptable and customizable vehicle designs.