Japan Electro Hydraulic Power Steering Market Trends, Share, Size, Demand and Future Outlook
Japan Electro Hydraulic Power Steering Market Growth, Size, Trends Analysis- By Vehicle Type, By Component Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Nov-2024 | Report ID: AMIN24234 | Pages: 1 - 106 | Formats*: |
| Category : Automotive & Transportation | |||
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: | |
| By Component Type: |
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 report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Japan Electro Hydraulic Power Steering Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Japan Electro Hydraulic Power Steering Market Manufacturing Base Distribution, Sales Area, Product Type6.2. 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, 2020-20267.2. Japan Electro Hydraulic Power Steering Market Size, Share and Forecast, By Vehicle Type, 2027-20337.3. Passenger Vehicles7.4. 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, 2020-20268.2. Japan Electro Hydraulic Power Steering Market Size, Share and Forecast, By Component Type, 2027-20338.3. Steering Motor8.4. Sensors8.5. 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 Region10.4. Kinki Region10.5. Central/ Chubu Region10.6. Kyushu-Okinawa Region10.7. Chugoku Region10.8. Shikoku Region
11. Company Profile
11.1. JTEKT Corporation11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments11.2. Nexteer Automotive11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments11.3. NSK Ltd11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments11.4. Robert Bosch GmbH11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments11.5. ZF Friedrichshafen AG11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments11.6. Showa Group11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments11.7. Danfoss11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments11.8. Continental AG11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments11.9. Thyssenkrupp Presta AG11.9.1. Company details11.9.2. Financial outlook11.9.3. Product summary11.9.4. Recent developments11.10. Mando Corporation11.10.1. Company details11.10.2. Financial outlook11.10.3. Product summary11.10.4. Recent developments11.11. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Japan Electro Hydraulic Power Steering Market is projected to reach USD XX billion by 2033, growing at a CAGR of 6.26% during the forecast period.
Japan Electro Hydraulic Power Steering Market grew in Market size from 2024. The Market is expected to reach USD XX billion by 2033, at a CAGR of 6.26% during the forecast period.
Japan Electro Hydraulic Power Steering Market CAGR of 6.26% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Japan Electro Hydraulic Power Steering Market size is USD XX billion from 2024 to 2033.
Japan Electro Hydraulic Power Steering Market is covered By Vehicle Type, By Component Type
The Asia-Pacific is anticipated to have the highest Market share in the Japan Electro Hydraulic Power Steering Market.
The Key players in the Market include Companies Covered JTEKT Corporation, Nexteer Automotive, NSK Ltd, Robert Bosch GmbH, ZF Friedrichshafen AG, Showa Group, Danfoss, Continental AG, Thyssenkrupp Presta AG, Mando Corporation.
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