The global demand for SUV EPS Market is presumed to reach the market size of nearly USD XX MN by 2030 from USD XX MN in 2022 with a CAGR of XX% under the study period 2023 - 2030.
SUV EPS stands for Sport Utility Vehicle Electric Power Steering. It refers to the type of power steering system used in SUVs (Sport Utility Vehicles) that utilizes electric power assistance instead of traditional hydraulic systems. EPS is an advanced technology that assists the driver in steering the vehicle by applying an electric motor's torque to the steering mechanism. In this system, an electric motor is integrated into the steering system, typically mounted on the steering column or rack. The electric motor is controlled by an electronic control unit (ECU) that receives input from various sensors, including the steering angle sensor and vehicle speed sensor. Based on these inputs, the ECU calculates the required level of assistance and applies torque to the steering mechanism accordingly.
The SUV EPS (Sport Utility Vehicle Electric Power Steering) market is driven by various factors that contribute to its growth and adoption. The increasing demand for SUVs worldwide fuels the need for advanced technologies in these vehicles, including electric power steering. The versatility and popularity of SUVs drive the demand for efficient and responsive steering systems. The emphasis on fuel efficiency and environmental sustainability is another driving factor. These systems are more energy-efficient than hydraulic power steering, reducing energy consumption and emissions. Automakers and consumers are drawn to the fuel-saving potential of SUV EPS. The improved driving experience is a significant driver, as these systems provide precise and responsive steering control. It provides improved manoeuvrability at low speeds by reducing the effort required for steering while offering enhanced stability at higher speeds by increasing resistance, thus enhancing overall handling and agility. The integration of SUV EPS with advanced driver assistance systems (ADAS) enhances safety and convenience. Lane-keeping assist and adaptive cruise control are some features that rely on accurate steering control, driving the growth of this market. Government regulations and standards promoting fuel efficiency and emissions reduction also contribute to the market. Technological advancements, cost reduction, and consumer expectations for advanced features and superior vehicle dynamics further drive the demand for SUV EPS.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of suv eps. The growth and trends of suv eps industry provide a holistic approach to this study.
This section of the suv eps market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
By Application
By Vehicle Type
By Drive Type
By Technology
By Component
This section covers the regional outlook, which accentuates current and future demand for the SUV EPS market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the suv eps market include JTEKT, Bosch, NSK, Nexteer, ZF, Mobis, Showa, Thyssenkrupp, Mando. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . SUV EPS – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Type
3.7.2 Market Attractiveness Analysis By Application
3.7.3 Market Attractiveness Analysis By Vehicle Type
3.7.4 Market Attractiveness Analysis By Drive Type
3.7.5 Market Attractiveness Analysis By Technology
3.7.6 Market Attractiveness Analysis By Component
3.7.7 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL SUV EPS MARKET ANALYSIS BY TYPE
5.1 Overview by Type
5.2 Historical and Forecast Data
5.3 Analysis by Type
5.4 C-EPS Historic and Forecast Sales by Regions
5.5 P-EPS Historic and Forecast Sales by Regions
5.6 R-EPS Historic and Forecast Sales by Regions
6 . GLOBAL SUV EPS MARKET ANALYSIS BY APPLICATION
6.1 Overview by Application
6.2 Historical and Forecast Data
6.3 Analysis by Appl ...