Automotive Electric Power Steering (EPS) Market - Growth, Trends, and Forecast (2020 - 2025)
発行: Mordor Intelligence LLP
ページ情報: 英文 129 Pages
燃料消費量の削減と物流面でのメリットに対する需要により、自動車メーカーは、燃費の高さから廃れた時代遅れの油圧パワーステアリングシステムからGen Z電動パワーステアリングシステムに移行しました。オルタネータからの電力供給と燃焼機関からの独立は、この技術を元のステアリングシステムよりも上回るものでした。 GKN PLCは、インテリジェントなエネルギー管理を特徴とするSPIDANパワーステアリングシステムを開発しました。このシステムは、燃料消費量、CO2排出量の削減に役立ち、再生部品の再使用による天然資源の保護にも役立ちます。日産と日立オートモーティブシステムズは、新しい電気油圧パワーステアリングシステムを共同開発し、油圧によるパワーアシストにより、スムーズなステアリングフィーリングおよび電力による制御の柔軟性を提供し、精密なステアリング電力特性をもたらしています。新コルベット・スティングレーとブガッティ・ヴェイロンは現在、油圧ピストンとポンプではなく、単純なモーターを使用してステアリング・ホイールを回転させて推進する電動アシスト・ステアリング・システム（EPAS）を使用しています。ドイツの自動車部品小売 ZF Lenksystemeは、電動パワーステアリングシステムが油圧パワーステアリングより90％少ないエネルギーを使用していると発表しました。
The automotive electric power steering (EPS) market is expected to project a CAGR of over 11.5%, during the forecast period 2020 - 2025.
Some of the major factors driving the growth of the market are the increasing demand for high-end or luxury vehicles, the rising stringency of emission and fuel economy norms, and the growing demand for and sales of electric vehicles across the world. However, a rise in vehicle recalls, owing to malfunctioning of sensors or other components, may hinder the growth of the market.
Electric systems are significantly fuel efficient, due to the absence of belt-driven hydraulic or manual pumps, which run constantly, whether assistance is required or not. EPS provides fuel savings as high as 0.4 l for every 100 km, along with a reduction in CO2 emissions of up to 7 g/km.
Among regions, Asia-Pacific dominated the automotive EPS market. Asia-Pacific EPS market is primarily being driven by growing vehicle production and sales, rapid electrification of vehicles, growing demand for and sale of electric vehicles, rising stringency of emission norms, and increasing disposable income of consumers, which, in turn, are increasing the demand for luxury vehicles, owing to growing preference for safety and comfort.
Steering Motor is Expected to Witness the Highest CAGR
The steering motors segment was valued at USD 6.38 billion in 2018 and is expected to witness the fastest growth rate during the forecast period.
The major difference between hydraulic power steering and electric power steering is the steering motor. An electric motor is placed in the EPS, which eliminates the use of fluid and other hydraulic components of hydraulic power steering, thus, eliminating power steering leaks, as well as reducing the overall weight.
This motor is either mounted on the steering column, the rack, or at the pinion shaft, and increases fuel economy by up to 2%, over conventional systems. The EPS is powered by an electric motor, and is not dependent on the engine for its power source. Hence, the steering experience is not affected when the engine is shut off.
Between 2016-2017, the previously used brushed DC motors used in EPS systems were gradually replaced by brushless DC motors. Brushless DC motors showed high efficiency, less maintenance, and low electric noise generation over brushed DC motors, due to the lack of brushes.
Nidec Corporation, Bosch, Johnson Electric, Denso Corporation, and Mitsubishi Electric are some of the major suppliers of motors for EPS systems in the automotive industry. Nidec Corporation expanded its in-vehicle motor production capacity and intends to more than double shipments of in-vehicle motors to over 100 million in the fiscal year 2020 (ends in March 2021), from 2016, by winning more orders for EPS motors, its major product.
The demand for steering motors is likely to continue to increase during the forecast period, as all automakers have started adopting electric power steering systems in all their vehicle models, and are planning to advance electric power steering to steer by wire technology, over the coming years.
Asia-Pacific Dominated the Global Market
In 2019, Asia-Pacific dominated the market and is expected to witness the same trend over the forecast period, with China dominating the market, followed by India and Japan.
The Chinese economy is growing, and the disposable income of the middle-class consumers is also increasing. This, in turn, reflects positively on the growing demand for vehicles. Over the past five years, owing to low production costs in the country, the demand for vehicle production has gone up drastically. However, in 2018, the country witnessed a decline in vehicle sales by 3%, owing to trade tensions and shaky consumer confidence. Additionally, industry experts predict a further decline by 5% in vehicles sales in 2019.
To overcome the contraction, the government has decided to use the slowdown to remove weaker auto manufacturers from the industry. Additionally, in January 2019, the government unveiled numerous measures, with an aim to increase the sales of cars. Moreover, the introduction of the new energy vehicles (NEVs) program is driving automakers in the country to focus more on electric vehicle production over the coming years, which, in turn, is expected to propel the demand for EPS in the country.
India also witnessed a downward trend in vehicle sales, owing to uneven monsoons, Kerala floods, poor festive demand, and high fuel and insurance cost. Passenger vehicle sales recorded single digit growth of 5.32% at 33,93,705 units in 2018, compared to 32,22,220 units in 2017. However, the country shows good potential for automotive EPS business, as automakers in India have gradually started adopting EPS systems in their advanced vehicle models, and this is anticipated to continue in their upcoming models.
Some of the major players in the market are JTEKT Corporation, ZF Friedrichshafen AG, NSK Ltd., Nexteer Automotive Group Ltd, Robert Bosch Gmbh, and Hitachi Automotive Systems.
The global automotive electric power steering (EPS) market is competitive, with few players holding a major share in the market.