Japan Electro Hydraulic Power Steering Market Introduction and Overview
According to SPER Market Research, the Japan Electro Hydraulic Power Steering Market is estimated to reach USD XX billion by 2033 with a CAGR 6.26%.
The report includes an in-depth analysis of the Japan Electro Hydraulic Power Steering Market, including market size and trends, product mix, distribution channels, and supplier analysis. Electrically powered hydraulic steering (EPHS) is a significant advancement in automobile technology, bridging the gap between old hydraulic power steering and modern electric power steering systems. This technology combines the dependability and performance of hydraulic steering with the energy efficiency of electric power steering in order to improve steering responsiveness and precision. Electrically driven hydraulic steering works by using an electric motor to drive the hydraulic pump, ensuring that appropriate pressure is maintained in the hydraulic circuit, allowing drivers to steer more smoothly and efficiently.
- Nidec Corporation (Japan) introduced an electric power steering motor power pack (EPS-PP) in June of 2023. Nidec's newly designed EPS-PP identifies and corrects motor and EPS unit friction and torque ripple as they occur, thereby resolving the long-standing issue of artificial steering sensation.
Market Opportunities and Challenges
Opportunities: The electro-hydraulic power steering market in Japan is expected to develop significantly as vehicle weight increases and front-wheel drive systems become more popular. As vehicles become heavier and tire sizes expand, the manual effort required for steering increases, necessitating the use of power-assisted steering systems. Electro-hydraulic power steering (EHPS) systems, which use an electric motor pump unit to supply hydraulic pressure, provide benefits such as customizable speed and improved vehicle control. This technique is especially useful for hybrid-electric vehicles, as it improves efficiency by eliminating the need for engine-driven hydraulic pumps. Despite advances in EHPS, the market is facing competition from fully electronic power steering systems, which are more efficient and less complex, making them easier to build and maintain.
Challenges: The market is being challenged by alternative power steering technologies, particularly electric power steering (EPS). EPS systems are gaining popularity because they are simpler, more efficient, and less expensive than EHPS systems. As vehicle manufacturers continue to seek cost-effective solutions, the preference for EPS systems over EHPS may offer a hindrance to market expansion. The present worldwide semiconductor shortage is also affecting the EHPS industry. The production of EHPS systems is primarily reliant on electrical components and semiconductors. The shortfall has caused supply chain interruptions and longer lead times, hurting the manufacturing and delivery of EHPS systems. This is especially true in Japan, which relies heavily on semiconductor imports.
Market Competitive Landscape
Robert Bosch GmbH, ZF Friedrichshafen AG, NSK Ltd, JTEKT Corporation, and Nexteer Automotive Group Ltd are a few of the leading companies controlling the electro-hydraulic power steering market in North America.
A significant portion of the market is held by a small number of market participants. The players are the preferred suppliers for steering systems by the main OEMs and prefer a long-standing relationship with them.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Vehicle Type, By Component Type |
| Regions covered | Kanto Region, Kniki Region, Central/Chubu Region, Kyushu-Okinawa Region, Chugoku Region Shikoku Region |
| Companies Covered | JTEKT Corporation, Nexteer Automotive, NSK Ltd, Robert Bosch GmbH, ZF Friedrichshafen AG, Showa Group, Danfoss, Continental AG, Thyssenkrupp Presta AG, Mando Corporation. |
COVID-19 Impact on Japan Electro Hydraulic Power Steering Market
Supply Chain disruptions - Global supply chain interruptions and production halts impacted EHPS system manufacturing, resulting in temporary shortages.
Vehicle Sales Slowdown - The pandemic-induced economic downturn caused a short drop in car sales, which had an influence on EHPS demand.
Vehicle Type Insights:
The commercial vehicle sector is predicted to have the biggest market share during the projection period.
The Japan electro hydraulic power steering market is divided into two segments based on vehicle type: passenger and commercial. Among them, the commercial vehicles category is predicted to have the highest market share over the projection period. EHPS systems also have a large market in the commercial vehicle sector, which includes trucks, buses, and vans. Commercial vehicles require powerful and dependable power steering systems to withstand harsh driving conditions and big loads. EHPS systems built for commercial use are appropriate because of their adaptability and improved management capabilities.
Key Target Audience:
- Automobile Manufacturers and OEMs
- Commercial Vehicle Manufacturers
- Passenger Vehicle Manufacturers
- Electric and Hybrid Vehicle Manufacturers
- Automotive Component Suppliers
- Aftermarket Service Providers
- Automotive Repair and Maintenance Centers
- Fleet Management and Logistics Companies
- R&D and Engineering Firms in Automotive Technology
Our in-depth analysis of the Japan Electro Hydraulic Power Steering Market includes the following segments:
| By Vehicle Type: | Passenger VehiclesCommercial Vehicles |
| By Component Type: | Steering MotorSensorsOthers |
Key Topics Covered in the Report:
- Japan Electro Hydraulic Power Steering Market Size (FY’2024-FY’2033)
- Overview of Japan Electro Hydraulic Power Steering Market
- Segmentation of Japan Electro Hydraulic Power Steering Market By Vehicle Type (Passenger Vehicles and Commercial Vehicles)
- Segmentation of Japan Electro Hydraulic Power Steering Market By Component Type (Steering Motor, Sensors, and Others)
- Statistical Snap of Japan Electro Hydraulic Power Steering Market
- Expansion Analysis of Japan Electro Hydraulic Power Steering Market
- Problems and Obstacles in Japan Electro Hydraulic Power Steering Market
- Competitive Landscape in the Japan Electro Hydraulic Power Steering Market
- Impact of COVID-19 and Demonetization on Japan Electro Hydraulic Power Steering Market
- Details on Current Investment in Japan Electro Hydraulic Power Steering Market
- Competitive Analysis of Japan Electro Hydraulic Power Steering Market
- Prominent Players in the Japan Electro Hydraulic Power Steering Market
- SWOT Analysis of Japan Electro Hydraulic Power Steering Market
- Japan Electro Hydraulic Power Steering Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Japan Electro Hydraulic Power Steering Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Japan Electro Hydraulic Power Steering Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Japan Electro Hydraulic Power Steering Market
7. Japan Electro Hydraulic Power Steering Market, By Vehicle Type (USD Million) 2020-2033
7.1. Japan Electro Hydraulic Power Steering Market Size, Share and Forecast, By Vehicle Type, 2020-2026
7.2. Japan Electro Hydraulic Power Steering Market Size, Share and Forecast, By Vehicle Type, 2027-2033
7.3. Passenger Vehicles
7.4. Commercial Vehicles
8. Japan Electro Hydraulic Power Steering Market, By Component Type (USD Million) 2020-2033
8.1. Japan Electro Hydraulic Power Steering Market Size, Share and Forecast, By Component Type, 2020-2026
8.2. Japan Electro Hydraulic Power Steering Market Size, Share and Forecast, By Component Type, 2027-2033
8.3. Steering Motor
8.4. Sensors
8.5. Others
9. Japan Electro Hydraulic Power Steering Market Forecast, 2020-2033 (USD Million)
9.1. Japan Electro Hydraulic Power Steering Market Size and Market Share
10. Japan Electro Hydraulic Power Steering Market, By Region, 2020-2033 (USD Million)
10.1. Japan Electro Hydraulic Power Steering Market Size and Market Share By Region (2020-2026)
10.2. Japan Electro Hydraulic Power Steering Market Size and Market Share By Region (2027-2033)
10.3. Kanto Region
10.4. Kinki Region
10.5. Central/ Chubu Region
10.6. Kyushu-Okinawa Region
10.7. Chugoku Region
10.8. Shikoku Region
11. Company Profile
11.1. JTEKT Corporation
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. Nexteer Automotive
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. NSK Ltd
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. Robert Bosch GmbH
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. ZF Friedrichshafen AG
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Showa Group
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. Danfoss
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. Continental AG
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. Thyssenkrupp Presta AG
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10. Mando Corporation
11.10.1. Company details
11.10.2. Financial outlook
11.10.3. Product summary
11.10.4. Recent developments
11.11. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links