UK Automotive Eps Market Size (2024 - 2029)

The UK automotive electric power steering market is experiencing significant growth, driven by factors such as the increasing ownership of personal vehicles and technological advancements. The market's expansion is further supported by the rising production and sales of luxury vehicles, which prioritize safety and comfort. Additionally, the rapid electrification of vehicles and stringent emission norms in developed economies like the United Kingdom are boosting the demand for cars equipped with electric power steering systems. The growing popularity of self-driving vehicles also contributes to the market's growth, as these vehicles benefit from reduced weight and improved fuel efficiency.

Home Market Analysis Automotive Research Auto Parts Research Automotive Exterior Products Research Automotive Steering System Research Power Steering Research UK Automotive Eps Market Market Size

Market Size of UK Automotive Eps Industry

UK Automotive EPS systems market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 10.95 %
Market Concentration Medium

Major Players

UK Automotive Eps Market Major Players

*Disclaimer: Major Players sorted in no particular order

UK Automotive EPS Market Analysis

UK Automotive Electric Power Steering Market is anticipated to register a CAGR of about 10.95% during the forecast period (2020 - 2025).

Automotive EPS Motor is an integral component, due to its basic functionality of allowing the driver to steer the car by augmenting steering efforts needed to turn the steering wheel. Factors such as extensive ownership of personal vehicles and growing technological advancements will see the rise of the EPS market.

Among regions, the United Kingdom is one of the dominating nations in the automotive EPS market. The EPS market is primarily driven by the growing luxury vehicle production and sales, owing to the increasing preference for safety and comfort. Also, rapid electrification of vehicles and rising stringency of emission norms in developed economies such as the United Kingdom is expected to increase the demand for EPS installed cars.

The rising popularity of self-driving vehicles fueled demand for the electric power steering system market and the ECU worldwide. Vehicles that are equipped with EPS tend to have a reduced overall weight, which further increases fuel efficiency.

UK Automotive EPS Industry Segmentation

The UK Electric Power Steering Market report covers the latest technology trends and provides an analysis of various areas of the market demand by EPS type, application, and demand category. The country-level analysis and market share of significant EPS manufacturing companies across United Kingdom will be provided in the report's scope.

Vehicle Type
Passenger Car
Commercial Vehicle
Product Type
By Rack assist type (REPS)
Colum assist type (CEPS)
Pinion assist type (PEPS)
Demand Category
OEM
Replacement
Need A Different Region Or Segment?
Customize Now

UK Automotive Eps Market Size Summary

The UK automotive electric power steering (EPS) market is experiencing significant growth, driven by factors such as the increasing ownership of personal vehicles and advancements in technology. The EPS system, which enhances the driver's ability to steer by augmenting the necessary effort, is becoming increasingly popular due to the rising production and sales of luxury vehicles that prioritize safety and comfort. The rapid electrification of vehicles and the stringent emission norms in developed economies like the UK are further propelling the demand for EPS-equipped cars. The growing interest in self-driving vehicles is also contributing to the market's expansion, as EPS systems help reduce vehicle weight and improve fuel efficiency. Modern EPS systems, supported by advanced electronic control units (ECUs), offer enhanced driving experiences by automatically compensating for road irregularities, thereby making driving more comfortable and less stressful.

The UK automotive EPS market is characterized by a consolidated landscape with key players such as JTEKT Corporation, ZF Friedrichshafen AG, NSK Ltd, Mitsubishi Electric Corporation, and Nexteer Automotive holding significant market shares. These companies are actively engaging in joint ventures, partnerships, and the launch of new products with advanced technologies to maintain a competitive edge. The market is also influenced by the increasing consumer demand for vehicles equipped with advanced safety systems, as well as the government's stringent regulations on fuel efficiency and safety. As a result, automobile manufacturers are incorporating various systems to enhance vehicle safety, making advanced steering systems more accessible beyond premium vehicles. This trend is supported by the integration of sensors and torque measurement technologies in EPS systems, which contribute to improved vehicle control and safety.

Explore More

UK Automotive Eps Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porters Five Force Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Vehicle Type

      1. 2.1.1 Passenger Car

      2. 2.1.2 Commercial Vehicle

    2. 2.2 Product Type

      1. 2.2.1 By Rack assist type (REPS)

      2. 2.2.2 Colum assist type (CEPS)

      3. 2.2.3 Pinion assist type (PEPS)

    3. 2.3 Demand Category

      1. 2.3.1 OEM

      2. 2.3.2 Replacement

UK Automotive Eps Market Size FAQs

The UK Automotive Eps Market is projected to register a CAGR of 10.95% during the forecast period (2024-2029)

ATS Automation Tooling Systems Inc., Delphi Automotive Systems, GKN PLC, Hitachi and Hyundai Mobis are the major companies operating in the UK Automotive Eps Market.

UK Automotive Eps Report Snapshots

UK Automotive EPS Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)