Electric Power Steering Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, China, Japan, South Korea, Germany - Size and Forecast 2024-2028

Published: Dec 2023

Pages: 175

SKU: IRTNTR44716

Snapshot

Electric Power Steering Market Forecast 2024-2028

The electric power steering market size is forecast to increase by USD 7.33 billion at a CAGR of 5.05% between 2023 and 2028. The electric power steering market is a sector of the automotive industry that focuses on the production and sales of vehicles equipped with electric power steering systems. Several factors play a crucial role in the market's growth, such as stringent regulations to control vehicular emissions, sharing of increase in production costs by OEMs and end-users and rising adoption of EPS in entry-level and mid-segment vehicles. This market research and analysis report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.

What will be the Size of the Electric Power Steering Market During the Forecast Period?

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Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Market Driver

The rising adoption of EPS in entry-level and mid-segment vehicles is notably driving the market growth. Automotive steering systems are undergoing continuous improvements and are loaded with several features to enhance the safety, comfort, and convenience of the users. The preference for vehicle personalization increases the demand for customized vehicle components. Such preferences for automotive steering systems were initially observed in the luxury segment vehicle segment. However, the increasing adoption of EPS in entry-level and mid-segment vehicles is compelling luxury vehicle manufacturers to incorporate new technologies for differentiating from mid-segment vehicles.

Further, this has resulted in the introduction of advanced EPS, where the steering column position can be saved and used multiple times with the touch of a button. The advances in automotive EPS in luxury vehicles and the increasing use of EPS in entry-level and mid-segment vehicles will drive the growth of the EPS market during the forecast period.

Market Trends

The development of 3D magnetic steering sensors for EPS is an emerging trend shaping the market growth. The adoption of electronically controlled systems is rapidly increasing in the automotive industry. Increased comfort, improved safety, and better handling characteristics are the major drivers for the integration of innovative technologies in vehicles. 3D magnetic sensors for EPS can significantly improve overall ride quality by improving steering wheel measurements. A 3D magnetic sensor has the inherent advantage of mapping complex movements easily. A test was conducted wherein steering wheel movement was made to connect with the sensor in sync with the suspension system attached to a magnet.

Moreover, the sensor uses magnet-mechanic coupling capable of monitoring and analyzing movements that are not just linear or angular. Further developments are ongoing, with steering system designers and developers working on precise measurements of the steering wheel's linear and angular movements with the help of magnetic sensors. This is being done by the magnetic mapping of different movements. The development of such 3D magnetic sensors will positively impact the growth of the market during the forecast period.

Market Challenge

Fluctuating costs of raw materials is a significant challenge hindering the market growth. The EPS is less price-sensitive than several other automotive components. However, fluctuations in raw material costs will impact the pricing of EPS. Steel, aluminium, and hardened deep-drawn steel are among the major raw materials used for producing steering systems. Fluctuations in the cost of raw materials are directly correlated to the price of EPS. The cost of raw materials keeps fluctuating based on various macroeconomic factors, such as inflation, labour costs, and changes in regulatory policies. The increased cost of raw materials is usually borne by the suppliers.

In addition, a slump in infrastructure spending and the decline in iron ore consumption in China reduced the demand for such raw materials, which increased inventories across the world. Such factors may lead to a supply-demand imbalance and are expected to keep the cost of raw materials volatile during the forecast period. Fluctuations in the costs of raw materials lead to uncertainties in the raw material procurement plans of manufacturers, including EPS manufacturers. This may hamper the growth of the EPS market during the forecast period.

Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Electric Power Steering Market Customer Landscape

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

DENSO Corp. - The company offers an electric power steering motor control unit with two drive circuits which is designed to create a safe and secure automobile society.

The research report also includes detailed analyses of the competitive landscape of the market and information about 19 market companies, including:

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Segmentation

The collapsible segment is estimated to witness significant growth during the forecast period. A collapsible EPS system is designed primarily to improve crash safety. It incorporates advanced technology that allows the steering column to retract in the event of a collision, minimizing the potential impact force transmitted to the driver.

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The collapsible was the largest segment and was valued at USD 15.48 billion in 2018. Additionally, collapsible EPS systems offer additional benefits, such as better space utilization and greater flexibility. The collapsible design allows the steering column to be adjusted easily or folded during vehicle assembly or transportation. This feature simplifies the manufacturing process, reduces logistical challenges, and enables the efficient use of space inside the vehicle cabin. From the market perspective, the collapsible EPS segment has witnessed growing demand across different vehicle segments. It is widely adopted in passenger cars, as it enhances the safety of both the driver and passengers. Moreover, collapsible EPS systems are gaining traction in commercial vehicles, where safety regulations and driver comfort are crucial factors. Therefore, these features and properties of collapsible EPS will spur the growth of the EPS market during the forecast period.

Key Regions

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APAC is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. China, India, Indonesia, and South Korea are some of the fastest-growing economies in the world because of factors such as rapid economic growth and increased per capita income, which have increased the purchasing power of consumers and intensified competition in many industries, including the automotive industry. The region is a prime offshore location for automotive manufacturing and automotive components manufacturing. Government incentives, low labour costs, and abundant availability of raw materials are a few factors that support these manufacturing activities.

For instance, in December 2022, China Automotive Systems, Inc., one of the key companies operating in China, announced the introduction of a new series of EPS systems for the largest producer of electric vehicles (EVs), BYD Auto. Thus, the presence of a robust supplier base in APAC provides OEMs with significant cost benefits and enables collaborative working models, which fuel innovation in steering technologies which in turn drive the market growth during the forecast period..

Market Analyst Overview

The Electric Power Steering Market is witnessing rapid growth driven by advancements in automotive technology and the demand for improved fuel efficiency. Unlike traditional hydraulic power steering, electric power steering systems utilize an electric motor to provide steering assistance, offering greater efficiency and reduced complexity. As automakers seek to enhance performance while reducing weight and operations, electric power steering emerges as a preferred choice. This sector caters to various vehicle types, offering assistance tailored to different driving needs. However, challenges such as technological restraints and market competition remain, but the market continues to evolve, positioning itself as a crucial player in the power steering industry.

Segment Overview

This market research and growth report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.

Type Outlook
- Collapsible
- Rigid

Application Outlook
- Passenger car
- Commercial vehicle

Region Outlook
- North America
  - The U.S.
  - Canada
- South America
  - Chile
  - Brazil
  - Argentina
- Europe
  - U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Electric Power Steering Market Scope
Report Coverage	Details
Page number	175
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 5.05%
Market Growth 2024-2028	USD 7.33 billion
Market structure	Fragmented
YoY growth 2023-2024(%)	4.73
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 43%
Key countries	US, China, Japan, South Korea, and Germany
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	DENSO Corp., GKN Sinter Metals Engineering GmbH, HELLA GmbH and Co. KGaA, Hitachi Ltd., Infineon Technologies AG, JTEKT Corp., Knorr Bremse AG, Mando Aftermarket North America, Mitsubishi Electric Corp., Nexteer Automotive Group Ltd., Nissan Motor Co. Ltd., NSK Ltd., NXP Semiconductors NV, Robert Bosch GmbH, STMicroelectronics International N.V., TT Electronics Plc, Valeo SA, Zapi Group, and ZF Friedrichshafen AG
Market dynamics	Market trends and analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.
Customization purview	If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
Precise estimation of the market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behaviour
Market growth analysis across APAC, Europe, North America, South America, and Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information about companies
Market forecasting of factors that will challenge the growth of market companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global electric power steering market 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on global electric power steering market 2018 - 2022 ($ billion)

4.2 Type Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ billion)

4.3 Application Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – Application Segment 2018 - 2022 ($ billion)

4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)

4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
- Exhibit 30: Chart on Type - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Type - Market share 2023-2028 (%)

6.2 Comparison by Type
- Exhibit 32: Chart on Comparison by Type
- Exhibit 33: Data Table on Comparison by Type

6.3 Collapsible - Market size and forecast 2023-2028
- Exhibit 34: Chart on Collapsible - Market size and forecast 2023-2028 ($ billion)
- Exhibit 35: Data Table on Collapsible - Market size and forecast 2023-2028 ($ billion)
- Exhibit 36: Chart on Collapsible - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Collapsible - Year-over-year growth 2023-2028 (%)

6.4 Rigid - Market size and forecast 2023-2028
- Exhibit 38: Chart on Rigid - Market size and forecast 2023-2028 ($ billion)
- Exhibit 39: Data Table on Rigid - Market size and forecast 2023-2028 ($ billion)
- Exhibit 40: Chart on Rigid - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Rigid - Year-over-year growth 2023-2028 (%)

6.5 Market opportunity by Type
- Exhibit 42: Market opportunity by Type ($ billion)
- Exhibit 43: Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by Application

7.1 Market segments
- Exhibit 44: Chart on Application - Market share 2023-2028 (%)
- Exhibit 45: Data Table on Application - Market share 2023-2028 (%)

7.2 Comparison by Application
- Exhibit 46: Chart on Comparison by Application
- Exhibit 47: Data Table on Comparison by Application

7.3 Passenger car - Market size and forecast 2023-2028
- Exhibit 48: Chart on Passenger car - Market size and forecast 2023-2028 ($ billion)
- Exhibit 49: Data Table on Passenger car - Market size and forecast 2023-2028 ($ billion)
- Exhibit 50: Chart on Passenger car - Year-over-year growth 2023-2028 (%)
- Exhibit 51: Data Table on Passenger car - Year-over-year growth 2023-2028 (%)

7.4 Commercial vehicle - Market size and forecast 2023-2028
- Exhibit 52: Chart on Commercial vehicle - Market size and forecast 2023-2028 ($ billion)
- Exhibit 53: Data Table on Commercial vehicle - Market size and forecast 2023-2028 ($ billion)
- Exhibit 54: Chart on Commercial vehicle - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on Commercial vehicle - Year-over-year growth 2023-2028 (%)

7.5 Market opportunity by Application
- Exhibit 56: Market opportunity by Application ($ billion)
- Exhibit 57: Data Table on Market opportunity by Application ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 59: Chart on Market share by geography 2023-2028 (%)
- Exhibit 60: Data Table on Market share by geography 2023-2028 (%)

9.2 Geographic comparison
- Exhibit 61: Chart on Geographic comparison
- Exhibit 62: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2023-2028
- Exhibit 63: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 64: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 65: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 66: Data Table on APAC - Year-over-year growth 2023-2028 (%)

9.4 North America - Market size and forecast 2023-2028
- Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)

9.5 Europe - Market size and forecast 2023-2028
- Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)

9.6 South America - Market size and forecast 2023-2028
- Exhibit 75: Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 76: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 77: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on South America - Year-over-year growth 2023-2028 (%)

9.7 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)

9.8 US - Market size and forecast 2023-2028
- Exhibit 83: Chart on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 84: Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 85: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on US - Year-over-year growth 2023-2028 (%)

9.9 China - Market size and forecast 2023-2028
- Exhibit 87: Chart on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 88: Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 89: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on China - Year-over-year growth 2023-2028 (%)

9.10 Japan - Market size and forecast 2023-2028
- Exhibit 91: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
- Exhibit 92: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
- Exhibit 93: Chart on Japan - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on Japan - Year-over-year growth 2023-2028 (%)

9.11 Germany - Market size and forecast 2023-2028
- Exhibit 95: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 96: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 97: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on Germany - Year-over-year growth 2023-2028 (%)

9.12 South Korea - Market size and forecast 2023-2028
- Exhibit 99: Chart on South Korea - Market size and forecast 2023-2028 ($ billion)
- Exhibit 100: Data Table on South Korea - Market size and forecast 2023-2028 ($ billion)
- Exhibit 101: Chart on South Korea - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on South Korea - Year-over-year growth 2023-2028 (%)

9.13 Market opportunity by geography
- Exhibit 103: Market opportunity by geography ($ billion)
- Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 105: Impact of drivers and challenges in 2023 and 2028

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 107: Overview on factors of disruption

11.4 Industry risks
- Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 109: Vendors covered

12.2 Market positioning of vendors
- Exhibit 110: Matrix on vendor position and classification

12.3 DENSO Corp.
- Exhibit 111: DENSO Corp. - Overview
- Exhibit 112: DENSO Corp. - Business segments
- Exhibit 113: DENSO Corp. - Key news
- Exhibit 114: DENSO Corp. - Key offerings
- Exhibit 115: DENSO Corp. - Segment focus

12.4 GKN Sinter Metals Engineering GmbH
- Exhibit 116: GKN Sinter Metals Engineering GmbH - Overview
- Exhibit 117: GKN Sinter Metals Engineering GmbH - Product / Service
- Exhibit 118: GKN Sinter Metals Engineering GmbH - Key offerings

12.5 HELLA GmbH and Co. KGaA
- Exhibit 119: HELLA GmbH and Co. KGaA - Overview
- Exhibit 120: HELLA GmbH and Co. KGaA - Business segments
- Exhibit 121: HELLA GmbH and Co. KGaA - Key news
- Exhibit 122: HELLA GmbH and Co. KGaA - Key offerings
- Exhibit 123: HELLA GmbH and Co. KGaA - Segment focus

12.6 Hitachi Ltd.
- Exhibit 124: Hitachi Ltd. - Overview
- Exhibit 125: Hitachi Ltd. - Business segments
- Exhibit 126: Hitachi Ltd. - Key news
- Exhibit 127: Hitachi Ltd. - Key offerings
- Exhibit 128: Hitachi Ltd. - Segment focus

12.7 Infineon Technologies AG
- Exhibit 129: Infineon Technologies AG - Overview
- Exhibit 130: Infineon Technologies AG - Business segments
- Exhibit 131: Infineon Technologies AG - Key news
- Exhibit 132: Infineon Technologies AG - Key offerings
- Exhibit 133: Infineon Technologies AG - Segment focus

12.8 Knorr Bremse AG
- Exhibit 134: Knorr Bremse AG - Overview
- Exhibit 135: Knorr Bremse AG - Business segments
- Exhibit 136: Knorr Bremse AG - Key offerings
- Exhibit 137: Knorr Bremse AG - Segment focus

12.9 Mando Aftermarket North America
- Exhibit 138: Mando Aftermarket North America - Overview
- Exhibit 139: Mando Aftermarket North America - Product / Service
- Exhibit 140: Mando Aftermarket North America - Key offerings

12.10 Mitsubishi Electric Corp.
- Exhibit 141: Mitsubishi Electric Corp. - Overview
- Exhibit 142: Mitsubishi Electric Corp. - Business segments
- Exhibit 143: Mitsubishi Electric Corp. - Key news
- Exhibit 144: Mitsubishi Electric Corp. - Key offerings
- Exhibit 145: Mitsubishi Electric Corp. - Segment focus

12.11 Nexteer Automotive Group Ltd.
- Exhibit 146: Nexteer Automotive Group Ltd. - Overview
- Exhibit 147: Nexteer Automotive Group Ltd. - Business segments
- Exhibit 148: Nexteer Automotive Group Ltd. - Key news
- Exhibit 149: Nexteer Automotive Group Ltd. - Key offerings
- Exhibit 150: Nexteer Automotive Group Ltd. - Segment focus

12.12 NSK Ltd.
- Exhibit 151: NSK Ltd. - Overview
- Exhibit 152: NSK Ltd. - Product / Service
- Exhibit 153: NSK Ltd. - Key offerings

12.13 NXP Semiconductors NV
- Exhibit 154: NXP Semiconductors NV - Overview
- Exhibit 155: NXP Semiconductors NV - Product / Service
- Exhibit 156: NXP Semiconductors NV - Key news
- Exhibit 157: NXP Semiconductors NV - Key offerings

12.14 Robert Bosch GmbH
- Exhibit 158: Robert Bosch GmbH - Overview
- Exhibit 159: Robert Bosch GmbH - Business segments
- Exhibit 160: Robert Bosch GmbH - Key news
- Exhibit 161: Robert Bosch GmbH - Key offerings
- Exhibit 162: Robert Bosch GmbH - Segment focus

12.15 TT Electronics Plc
- Exhibit 163: TT Electronics Plc - Overview
- Exhibit 164: TT Electronics Plc - Business segments
- Exhibit 165: TT Electronics Plc - Key offerings
- Exhibit 166: TT Electronics Plc - Segment focus

12.16 Valeo SA
- Exhibit 167: Valeo SA - Overview
- Exhibit 168: Valeo SA - Business segments
- Exhibit 169: Valeo SA - Key news
- Exhibit 170: Valeo SA - Key offerings
- Exhibit 171: Valeo SA - Segment focus

12.17 ZF Friedrichshafen AG
- Exhibit 172: ZF Friedrichshafen AG - Overview
- Exhibit 173: ZF Friedrichshafen AG - Business segments
- Exhibit 174: ZF Friedrichshafen AG - Key news
- Exhibit 175: ZF Friedrichshafen AG - Key offerings
- Exhibit 176: ZF Friedrichshafen AG - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 177: Inclusions checklist
- Exhibit 178: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 179: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 180: Research methodology
- Exhibit 181: Validation techniques employed for market sizing
- Exhibit 182: Information sources

13.5 List of abbreviations
- Exhibit 183: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

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What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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