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The Europe Automotive Electric Power Steering (EPS) Market is segmented by Type (Column Type, Pinion Type, and Dual Pinion Type), Component Type (Steering Rack/Column, Sensor, Steering Motor, and Other Components), Vehicle Type (Passenger Cars and Commercial Vehicles), and Country
The Europe Automotive Electric Power Steering (EPS) Market is projected to grow with a CAGR of more than 6% during the forecast period.
The Europe automotive EPS market covers the latest trends and technological development and market demand by type, component type, vehicle type, country, and market share of major automotive EPS manufacturing companies across Europe.
|Dual Pinion Type|
|By Component Type|
|By Vehicle Type|
|Rest of Europe|
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The major change between the traditional power steering to electric power steering is the hydraulic parts of the system such as hoses, belts, and pumps which are replaced by digital sensors and motors in the EPS systems. Sensors are one of the most critical parts in the EPS system, mainly the torque sensor, which collects steering direct and road resistance input and communicate the torque to the EPS module. The sensors produce a digital square wave signal with the frequency depending on the speed with which the wheel is turning. The signal is low when the wheel is kept straight and increases as the wheel is turned away from the center. Some of the recent advancements of the EPS sensors are
In 2018, Hella showcased its steering and braking solutions in which it displayed the steering angle sensor, Torque and Angle Sensor (TAS). These sensors are based on contactless inductive position sensor (CIPOSA) technology, which measures the torque and angle of the steering wheel with accuracy.
Whereas in 2019, Infineon Technologies AG has launched a linear Hall sensor. The XENSIV TLE4999I3 provides the highest level of functional safety (ASIL D). These include various features such as electric steering systems, electric throttle control systems, and pedal applications.
Moreover, the stringency in government regulations regarding fuel efficiency and safety initiatives are important drivers for the growth and development of the advanced steering systems that comprehensively employ steering sensors
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In 2019, the European Union's new-car registrations increased by 1.2%, reaching more than 15.3 million units. Due to the surge in car sales observed in various countries of Europe such as Germany, France, and Sweden, as the countries have made a significant alteration to the bonus-malus component of CO2-based taxation for 2020, on the other hand, the Netherlands is set to increase tax of electric cars from 4% to 8% as from January 2020.
In 2019 German automakers have manufactured over 4.6 million passenger cars which are 8.9% less as compared to the previous year, but due to the impact of COVID-19 most of the businesses in Europe were shut down in March and April, with some restrictions were lifted in mid-May in most countries. Whereas in Germany, car dealerships re-open in late April, and automakers such as Volkswagen restarted production at the starting of May.
Due to that German automotive industry has seen its lowest production figure of total 11,287 passenger cars produced in the month of April 2020, which is 97% less than that of April of 2018.
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The European automotive steering sensor market is moderately consolidated. Some of the prominent companies in the automotive steering sensor market are Robert Bosch GmbH, Continental AG, and TE Connectivity. Companies are entering into partnership and collaboration holds the major share in the market and have an advantage over the rivals.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Column Type,
5.1.2 Pinion Type
5.1.3 Dual Pinion Type
5.2 By Component Type
5.2.1 Steering Rack/Column
5.2.3 Steering Motor
5.2.4 Other Components
5.3 By Vehicle Type
5.3.1 Passenger Cars
5.3.2 Commercial Vehicles
5.4 By Country
5.4.2 United Kingdom
5.4.6 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Hubei Henglong Auto System Group
6.2.2 Denso Corporation
6.2.3 GKN PLC
6.2.4 JTEKT Corporation
6.2.5 Mitsubishi Electric Corporation
6.2.6 Nexteer Automotive
6.2.7 NSK Ltd
6.2.8 Robert Bosch GmbH
6.2.9 Thyssenkrupp Presta AG
6.2.10 ZF Friedrichshafen AG
7. MARKET OPPORTUNITIES AND FUTURE TRENDS