An extension of the well-known hydraulic power steering technology is electro-hydraulic power steering. The main difference is how the hydraulic motor that supplies the necessary pressure for the power steering system is driven. The motor in electric motor-driven hydraulic power steering is powered by an electric motor, which makes adjustments in response to the required steering assistance force. The hydraulic motor provides greater power to enhance steering capacity while the vehicle is moving slowly or not at all. Increased comfort is one advantage of electro-hydraulic power steering. During maneuvers, steering seems effortless. On the other hand, the steering stays solid when moving quickly. This enhances overall fuel efficiency by modifying power uptake as necessary.
Japan Electro Hydraulic Power Steering Market Driving Factors and Challenges
Drivers: The EHPS market in Japan is driven by the need for safer and more efficient vehicles. The benefits of electric power steering (EPS) and conventional hydraulic power steering (HPS) are combined in EHPS systems, which offer programmable assistance to improve stability at high speeds and maneuverability at low ones. Compared to HPS, they improve energy efficiency and reduce fuel use, which is crucial given rising fuel prices and pollution regulations. The automotive industry's shift to electric and hybrid vehicles has made EHPS systems popular due to their suitability and efficacy in improving range and performance. The importance of EHPS systems in guaranteeing vehicle efficiency and safety in Japan is further cemented by strict safety and emissions laws that continue to promote their adoption.
Challenges:
The Japan EHPS industry faces various hurdles - One of the main barriers is the high cost of EHPS systems. These systems are more expensive than typical power steering systems due to the integration of hydraulic and electric components. This increased cost can be a deterrent, especially for budget-conscious portions of the car industry.
Another important constraint is technical complexity - EHPS systems necessitate careful calibration and integration into the vehicle's electronic control systems. This intricacy needs advanced production skills and experience, which may hinder the adoption of EHPS technology by smaller businesses who lack the necessary finances and technical know-how.
Impact of COVID-19 on Japan Electro Hydraulic Power Steering Market
The Covid-19 epidemic has had a profound impact on the Japan Electro Hydraulic Power Steering Market -
Supply Chain Interruptions: Production halts and global supply chain disruptions affected the manufacturing of EHPS systems, leading to brief shortages.
Shift to electric vehicles: Despite the hurdles, the epidemic has accelerated the transition to electric vehicles, which benefits EHPS producers catering to the EV industry.
The pandemic increased the importance of vehicle safety, boosting demand for EHPS systems with sophisticated safety features.
Japan Electro Hydraulic Power Steering Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players are JTEKT Corporation, Nexteer Automotive, NSK Ltd, Robert Bosch GmbH, ZF Friedrichshafen AG, Showa Group, Danfoss, Continental AG, Thyssenkrupp Presta AG, Mando Corporation.
Japan Electro Hydraulic Power Steering Market Segmentation:
By Vehicle Type: Based on the Vehicle Type, Japan Electro Hydraulic Power Steering Market is segmented as; Passenger Vehicles and Commercial Vehicles.
By Component Type: Based on the Component Type, Japan Electro Hydraulic Power Steering Market is segmented as; Steering Motor, Sensors, and Others.
By Region: This research includes data for Kanto Region, Kniki Region, Central/Chubu Region, Kyushu-Okinawa Region, Chugoku Region and Shikoku Region.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.