The global automotive industry is experiencing a significant change in terms of electric power steering systems that are increasingly replacing hydraulic power steering in vehicles. Electric power steering system is an improvement over hydraulic system in many ways. They eliminate the use of power steering pumps, improving fuel efficiency in vehicles. It provides more precision and a refined feel, which hydraulic system cannot match. When the thrust of the innovations in the automotive industry is in speed, safety, and fuel efficiency, it is evident that technologies such as electronic power steering systems will eventually capture the market rendering the old technologies obsolete.This report covers the present scenario and growth prospects of the global electric power steering market for 2017-2021. To calculate the market size, the report considers the sales of passenger cars and light commercial vehicles (LCVs). In addition, the report discusses the major drivers that influence the growth of electric power steering in the global market. It also outlines the challenges faced by the operators and the market at large, as well as the emerging trends.

PART 01: Executive summary 6

PART 02: Scope of the report 17

Market overview 17

Top-vendor offerings 18

PART 03: Market research methodology 19

Research methodology 19

Economic indicators 19

PART 04: Introduction 20

Key market highlights 20

Automotive steering systems: An introduction 21

Classification of power steering 23

Components of a typical power steering system 24

Evolution of steering systems 25

PART 05: Market landscape 29

Market overview 29

Market size and forecast 29

Five forces analysis 31

PART 06: Market segmentation by product 32

Global electric power steering market by product 32

Global electrical power steering market in passenger

cars 33

Global electric power steering market in LCVs 34

PART 07: Geographical segmentation 36

Global electric power steering market by geography 36

Electric power steering market in APAC 36

Electric power steering market in Americas 37

Electric power steering market in EMEA 38

PART 08: Key leading countries 40

Key leading countries: US and China 40

PART 09: Market drivers 41

Key market drivers 41

Increase in sales of passenger cars and SUVs 41

Low penetration of cars in emerging economies 42

Fuel economy benefits 43

PART 10: Impact of drivers 45

PART 11: Market challenges 46

Growing car-sharing services in China, India, and

Brazil 46

Rise in number of on-demand taxi operators 47

Negligible penetration of electric power steering in

HCVs 48

PART 12: Impact of drivers and challenges 49

PART 13: Market trends 50

Penetration of SBW technology 50

Increase in electrification of mechanical components 51

Electrohydraulic power steering in HCVs 53

PART 14: Vendor landscape 54

Other prominent vendors 54

PART 15: Key vendor analysis 55

ZF Friedrichshafen 55

Mitsubishi Electric 57

Nexteer 58

TRW Automotive 60

PART 16: Appendix 62

List of abbreviations 62

PART 17: Explore Technavio 63