The electro-hydraulic steering system provides power assist via hydraulic pressure, which provides a natural smooth steering feel and, thanks to the control flexibility allowed by electricity, more precise steering dynamics characteristics. It also improves fuel economy, as the electric pump only runs when steering assist is required.
This report contains market size and forecasts of Electro-hydraulic Steering System in global, including the following market information:
Global Electro-hydraulic Steering System Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Electro-hydraulic Steering System Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Electro-hydraulic Steering System companies in 2021 (%)
The global Electro-hydraulic Steering System market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Steering Motor Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Electro-hydraulic Steering System include Nissan, Evamo, Vetus, ZF Friedrichshafen AG, Bosch, Lecomble & Schmitt, Danfoss, Palmarine and Marsili Aldo, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Electro-hydraulic Steering System manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Electro-hydraulic Steering System Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Electro-hydraulic Steering System Market Segment Percentages, by Type, 2021 (%)
Steering Motor
Sensor
Others
Global Electro-hydraulic Steering System Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Electro-hydraulic Steering System Market Segment Percentages, by Application, 2021 (%)
Passenger Cars
Commercial Vehicles
Ship
Global Electro-hydraulic Steering System Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Electro-hydraulic Steering System Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Electro-hydraulic Steering System revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Electro-hydraulic Steering System revenues share in global market, 2021 (%)
Key companies Electro-hydraulic Steering System sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Electro-hydraulic Steering System sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Nissan
Evamo
Vetus
ZF Friedrichshafen AG
Bosch
Lecomble & Schmitt
Danfoss
Palmarine
Marsili Aldo
Mitsubishi Heavy Industries
Kawasaki
Terzo Power Systems
Eaton
HYDAC
Concentric AB
JTEKT Corporation
NSK
Nexteer