Global SUV EPS Market Size, Growth Rate, Industry opportunities 2024-2030

According to our (Global Info Research) latest study, the global SUV EPS market size was valued at USD 1878.2 million in 2023 and is forecast to a readjusted size of USD 2216.2 million by 2030 with a CAGR of 2.4% during review period.

The electric power steering is developed on the basis of the traditional mechanical steering system. It uses the power generated by the electric motor to help the driver perform steering operations. The system is mainly composed of three parts: signal sensing device (including torque sensor, steering wheel angle sensor and vehicle speed sensor), electronic control unit and steering assist mechanism (motor, clutch, reduction gear mechanism, etc.).

The SUV electric power steering system market refers to the market for products and solutions that provide electric power steering functions for SUV. With the rapid development of electric vehicles and the growing importance of sustainable transportation, electric power steering plays an important role in the passenger car market. The market is expected to continue to expand as EV penetration increases.

The Global Info Research report includes an overview of the development of the SUV EPS industry chain, the market status of 5 Seats SUV (C-EPS, P-EPS), 7 Seat SUV (C-EPS, P-EPS), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of SUV EPS.

Regionally, the report analyzes the SUV EPS markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global SUV EPS market, with robust domestic demand, supportive policies, and a strong manufacturing base.

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Market Segmentation

SUV EPS market is split by Type and by Application. For the period 2019-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type

    C-EPS

    P-EPS

    R-EPS

Market segment by Application

    5 Seats SUV

    7 Seat SUV

    Other

Major players covered

    JTEKT

    Bosch

    NSK

    Nexteer

    ZF

    Mobis

    Showa

    Thyssenkrupp

    Mando

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe SUV EPS product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of SUV EPS, with price, sales, revenue and global market share of SUV EPS from 2019 to 2024.

Chapter 3, the SUV EPS competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the SUV EPS breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and SUV EPS market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of SUV EPS.

Chapter 14 and 15, to describe SUV EPS sales channel, distributors, customers, research findings and conclusion.

Our Market Research Advantages：

Global Perspective: Our research team has a strong understanding of the company in the global SUV EPS market.Which offers pragmatic data to the company.

Aim And Strategy: Accelerate your business integration, provide professional market strategic plans, and promote the rapid development of enterprises.

Innovative Analytics: We have the most comprehensive database of resources , provide the largest market segments and business information.

About Us:

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