Automotive Electric Power Steering Market Research Report By Type (Column Electric Power Steering, Rack Electric Power Steering, Pinion Electric Power Steering), By Vehicle Type (Passenger Vehicles, Commercial Vehicles, Motorcycles, Heavy-Duty Vehicles), By End Use (OEMs, Aftermarket), By Technology (Brushless DC Motor, Stepper Motor, Integrated Electric Power Steering) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035

Global Automotive Electric Power Steering Market Overview:

As per MRFR analysis, the Automotive Electric Power Steering Market Size was estimated at 27.2 (USD Billion) in 2023. The Automotive Electric Power Steering Market Industry is expected to grow from 28.36 (USD Billion) in 2024 to 45 (USD Billion) by 2035. The Automotive Electric Power Steering Market CAGR (growth rate) is expected to be around 4.28% during the forecast period (2025 - 2035).

Key Automotive Electric Power Steering Market Trends Highlighted

The Global Automotive Electric Power Steering (EPS) Market is experiencing significant trends driven by a growing emphasis on fuel efficiency and environmental sustainability. Automakers are increasingly integrating electric power steering systems as they offer better energy efficiency compared to traditional hydraulic systems, aligning with global initiatives to reduce carbon emissions. This shift is influenced by regulatory frameworks in various regions aimed at promoting greener technologies and enhancing vehicle performance. Rising consumer demand for advanced driver assistance systems also plays a key role, as EPS facilitates easy integration with systems like lane-keeping assist and adaptive cruise control.Global market openings stem from cutting-edge automotive engineering and invention. Through the use of artificial intelligence and machine learning, vehicle manufacturers are trying to further enhance the responsiveness and adaptability of the steering systems. Furthermore, the wider acceptance of electric and hybrid vehicles is enhancing the growth opportunities for the EPS market since these types of vehicles, as compared to traditional ones, are more dependent on electronic components. Recent updates show that more attention is now being placed on the safety of the users alongside comfort; hence, the need to control the steering becomes far more sophisticated.

There is a noticeable shift towards lightweight materials and compact designs, which improve overall vehicle efficiency. Furthermore, global supply chain advancements are enabling manufacturers to streamline production processes, ensuring that these innovative technologies can be adopted widely. With the automotive landscape continuously evolving, the Automotive Electric Power Steering Market is set to remain dynamic, adapting to the needs and expectations of consumers while addressing environmental concerns.

 Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Automotive Electric Power Steering Market Drivers

Increasing Demand for Fuel Efficiency and Environmental Sustainability

The Automotive Electric Power Steering Market Industry is witnessing significant growth driven by the rising demand for fuel-efficient and environmentally sustainable vehicles. Governments globally are implementing stringent regulations to curb emissions, pushing automotive manufacturers to adopt technologies that reduce carbon footprints. For instance, the United Nations Framework Convention on Climate Change reported that emissions from the transportation sector contribute approximately 14% of global greenhouse gases.By integrating electric power steering systems, which are more efficient than traditional hydraulic systems, manufacturers can enhance fuel efficiency by up to 10%. Major automotive companies such as Toyota and Ford are actively investing in electric vehicle technologies and steering systems to comply with these regulations, thereby propelling the market for electric power steering systems.

Technological Advancements in Automotive Systems

Technological advancements in automotive systems are significantly contributing to the growth of the Automotive Electric Power Steering Market Industry. Innovations such as advanced driver-assistance systems (ADAS) and enhanced vehicle control mechanisms are becoming increasingly common. According to the European Automobile Manufacturers Association, about 38% of new car registrations in Europe in 2022 were equipped with at least one type of ADAS.These technologies often include electric power steering as a standard component due to its advantages in precision and response time, fostering market growth as manufacturers improve vehicle performance and safety.

Rising Adoption of Electric and Hybrid Vehicles

The rising adoption of electric and hybrid vehicles is a key driver for the Automotive Electric Power Steering Market Industry. With efforts to transition to cleaner transportation, the International Energy Agency reported a 40% increase in global electric vehicle sales from 2020 to 2021, reaching 6.75 million units sold. Electric power steering systems, which are lighter and more adaptable, are increasingly favored in these vehicle types due to their compatibility with electric architectures.Major manufacturers like Tesla and Volkswagen are further promoting this trend through their expansive electric vehicle line-ups, which will amplify market demand for electric power steering systems in the coming years.

Automotive Electric Power Steering Market Segment Insights:

Automotive Electric Power Steering Market Type Insights

The Automotive Electric Power Steering Market is structured around various types of electric power steering solutions. As per the current market dynamics, the Column Electric Power Steering type was valued at 9.8 USD Billion in 2024 and is expected to rise significantly to 15.0 USD Billion by 2035, showcasing its importance in the industry. This type dominates due to its compact design that enhances vehicle space efficiency while providing excellent control for drivers, making it increasingly integral to modern automotive engineering.Meanwhile, the Rack Electric Power Steering segment held a notable share, valued at 12.56 USD Billion in 2024 and anticipated to grow to 20.0 USD Billion by 2035. This segment is recognized for its effectiveness in ensuring responsive handling and stability, contributing largely to the overall growth of the market. In contrast, the Pinion Electric Power Steering type was valued at 6.0 USD Billion in 2024 and is expected to reach 10.0 USD Billion by 2035. Although this segment is the least dominant among the three, it remains significant due to its ability to facilitate precise steering and improvement in fuel efficiency, which is increasingly favored in the global automotive eco-conscious market.The global trends in electric vehicles and the increasing consumer demand for fuel-efficient and environmentally friendly technologies are primarily driving the growth of these segments in the Automotive Electric Power Steering Market. Every segment showcases unique features that cater to specific consumer preferences, highlighting the diversity of available solutions within the industry. As the market continues to innovate, the segmentation will play a critical role in addressing specific functionalities, efficiencies, and alignment with future automotive technologies.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Automotive Electric Power Steering Market Vehicle Type Insights

The Automotive Electric Power Steering Market is primarily segmented by Vehicle Type, encompassing Passenger Vehicles, Commercial Vehicles, Motorcycles, and Heavy-Duty Vehicles. In 2024, this market was valued at 28.36 USD Billion, reflecting a healthy demand within each category. Passenger Vehicles are significant within this market, largely driven by consumer preference for improved fuel efficiency and enhanced driving comfort. Commercial Vehicles also play a crucial role, benefiting from an increasing focus on logistics and transportation solutions, necessitating efficient steering systems.Motorcycles are gaining traction due to rising urbanization and a shift towards two-wheel mobility solutions, particularly in densely populated regions. Heavy-Duty Vehicles remain essential for the overall market, especially in industries like construction and freight, where robust steering systems are critical for operational efficiency. As a whole, the growth in the Electric Power Steering segment is fueled by technological advancements, regulatory pressures for emissions reductions, and increasing consumer awareness regarding vehicle safety and convenience.The Automotive Electric Power Steering Market is poised for growth as it addresses the evolving needs of various vehicle types across the globe.

Automotive Electric Power Steering Market End Use Insights

The Automotive Electric Power Steering Market is gaining momentum as it evolves to meet the demands of modern vehicles, showcasing notable growth in the End Use segment. In 2024, the overall market was valued at 28.36 billion USD, reflecting an increasing preference for electric power steering systems due to their improved fuel efficiency and driving comfort. This market consists of two key divisions: Original Equipment Manufacturers (OEMs) and Aftermarket applications. Automotive OEM have emerged as a dominating force in the market, primarily driven by innovations in vehicle technology and regulatory pressures for enhanced fuel efficiency.The Aftermarket segment also plays a vital role, catering to vehicle maintenance and performance upgrades, which is essential for extending the lifespan of existing automobiles. With a growing trend toward electric vehicles and the necessity for more adaptable steering systems, the Automotive Electric Power Steering Market is set to witness significant expansion. Moreover, advancements in technology, alongside an emphasis on vehicle safety and environmental concerns, position both OEMs and Aftermarket segments favorably within the market landscape.

Automotive Electric Power Steering Market Technology Insights

The Automotive Electric Power Steering Market, particularly within the Technology segment, encompasses innovations such as Brushless DC Motor, Stepper Motor, and Integrated Electric Power Steering systems. In 2024, the market achieved a valuation of 28.36 USD Billion, demonstrating a significant demand for advanced steering solutions. Brushless DC Motors are vital due to their efficiency and longevity, making them increasingly popular in modern vehicles. Stepper Motors, known for precise position control, enhances vehicle maneuverability, while Integrated Electric Power Steering combines steering assistance and control, significantly contributing to overall vehicle performance.The market is expected to experience notable growth, supported by rising vehicle production and a shift towards electric and hybrid vehicles, driving the demand for highly efficient steering technologies. Moreover, the Automotive Electric Power Steering Market Statistics reflect a growing focus on reducing vehicle weight and improving fuel efficiency, further reinforcing the importance of innovation in steering systems. Challenges such as the integration of new technologies and the need for skilled technicians remain pertinent; however, the ongoing development of advanced Electric Power Steering solutions presents substantial opportunities for market players.

Automotive Electric Power Steering Market Regional Insights

The Automotive Electric Power Steering Market was valued at 28.36 USD Billion in 2024, reflecting a robust growth trajectory across various regions. North America led the market with a valuation of 10.85 USD Billion in 2024, expected to reach 16.73 USD Billion by 2035, demonstrating its majority holding in the global landscape. Europe followed closely with a projected value of 9.14 USD Billion in 2024 and 13.68 USD Billion in 2035, driven by increasing vehicle automation and stringent regulations on fuel efficiency. The APAC region, was valued at 6.9 USD Billion in 2024, is anticipated to grow to 10.67 USD Billion, fueled by rising automotive production and growing demand for electric vehicles.South America and MEA represented smaller segments, valued at 1.84 USD Billion and 0.63 USD Billion in 2024, respectively, showing growth potential as these markets evolve. Collectively, the Automotive Electric Power Steering Market segmentation illustrates significant regional dynamics, with North America and Europe demonstrating strong market positions due to advanced automotive technologies and infrastructure, while APAC showcases rapid expansion through innovation and increased consumer demand. The emergence of electric power steering systems across all regions is a response to the rising emphasis on vehicle efficiency and safety, driving opportunities for market participants.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Automotive Electric Power Steering Market Key Players and Competitive Insights:

The Automotive Electric Power Steering Market has witnessed significant growth, driven by advancements in technology and the rising demand for fuel-efficient vehicles. As automotive manufacturers continue to prioritize steering technology that enhances vehicle performance, safety, and driver comfort, competitive dynamics in this market have become increasingly pronounced. Companies in the automotive electric power steering sector are focusing on innovation, with R&D expenditures on the rise, seeking to develop systems that integrate seamless functionality with advanced driver assistance systems (ADAS). The competitive landscape is characterized by the presence of both established industry giants and emerging players, all vying for market share through strategic partnerships, technological advancements, and geographical expansions. As the market evolves, regulatory frameworks, environmental concerns, and consumer preferences will also play a critical role in shaping competitive strategies.Denso stands out in the Automotive Electric Power Steering Market due to its extensive experience and technological expertise. The company has built a strong reputation for its high-quality steering systems, harnessing advanced electrification technologies to deliver efficient and reliable solutions to automobile manufacturers around the world. Denso’s global presence is supported by robust manufacturing capabilities and a commitment to sustainability, which resonates with the growing demand for eco-friendly automotive technologies. Their investments in research and development have enabled them to stay at the forefront of innovation, ensuring that their products not only meet but exceed market expectations. The company’s strategic collaborations with OEMs further reinforce its position, as it works closely with clients to create bespoke steering solutions tailored to specific vehicle requirements.Infineon Technologies has made a significant mark in the Automotive Electric Power Steering Market by specializing in semiconductor solutions that cater to this sector’s needs. The company’s product portfolio includes microcontrollers, ICs, and power management solutions that are critical for the functionality of electric power steering systems. Infineon Technologies is recognized for its pioneering role in creating components that enhance vehicle safety, energy efficiency, and overall performance. With a strong market presence, the company leverages its engineering capabilities to support manufacturers in implementing cutting-edge technologies into their electric power steering systems. Furthermore, Infineon has been involved in various strategic mergers and acquisitions to bolster its capabilities and expand its market reach globally, ensuring that it remains competitive as the demand for adaptive steering solutions continues to rise in the automotive sector. Their focus on innovation and quality has fostered trust among partners and customers, making them a key player in the market.

Key Companies in the Automotive Electric Power Steering Market Include:

• Denso


• Infineon Technologies


• JTEKT


• Nexteer Automotive


• Robert Bosch


• Valeo


• GKN Automotive


• Aisin Seiki


• Thyssenkrupp


• Mando


• ZF Friedrichshafen


• Trelleborg


• Hyundai Mobis


• Hitachi


• Mitsubishi Electric

Automotive Electric Power Steering Market Industry Developments

The Automotive Electric Power Steering Market has witnessed significant developments in recent months, with major companies like Denso, Robert Bosch, and Nexteer Automotive continuing to invest in advanced technologies aimed at enhancing vehicle safety and fuel efficiency. There has been an increasing focus on electric vehicles, driving growth in this sector. Companies like Valeo and ZF Friedrichshafen are expanding their product lines to meet the demands of next-generation automotive designs.

In terms of mergers and acquisitions, Hyundai Mobis announced in July 2023 plans to acquire a stake in a technology firm specialized in autonomous driving to complement its electric power steering systems, strengthening its position in the market. Additionally, in August 2023, Hitachi completed the acquisition of a European automotive electronics company, enhancing its portfolio in electric steering solutions.

The market is projected to grow, driven by the rising demand for electric power steering systems due to their efficiency and contribution to vehicle weight reduction. Over the past two to three years, the increasing emphasis on sustainability and stricter emission regulations have also stimulated the evolution within the automotive electric power steering segment, highlighting its integral role in modern vehicle design and operation.

Automotive Electric Power Steering Market Segmentation Insights

Automotive Electric Power Steering Market Type Outlook

• Column Electric Power Steering


• Rack Electric Power Steering


• Pinion Electric Power Steering

Automotive Electric Power Steering Market Vehicle Type Outlook

• Passenger Vehicles


• Commercial Vehicles


• Motorcycles


• Heavy-Duty Vehicles

Automotive Electric Power Steering Market End Use Outlook

• OEMs


• Aftermarket

Automotive Electric Power Steering Market Technology Outlook

• Brushless DC Motor


• Stepper Motor


• Integrated Electric Power Steering

Automotive Electric Power Steering Market Regional Outlook

• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa

Report Attribute/Metric	Details
Market Size 2023	27.2 (USD Billion)
Market Size 2024	28.36 (USD Billion)
Market Size 2035	45.0 (USD Billion)
Compound Annual Growth Rate (CAGR)	4.28% (2025 - 2035)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2024
Market Forecast Units	USD Billion
Key Companies Profiled	Denso, Infineon Technologies, Nexteer Automotive, Robert Bosch, Valeo, GKN Automotive, Aisin Seiki, Thyssenkrupp, Mando, ZF Friedrichshafen, Trelleborg, Hyundai Mobis, Hitachi, Mitsubishi Electric, JTEKT
Segments Covered	Type, Vehicle Type, End Use, Technology, Regional
Key Market Opportunities	Growing demand for fuel efficiency, Rising adoption of autonomous vehicles, Increased emphasis on advanced safety features, Expansion in the electric vehicle market, Government regulations promoting electric steering
Key Market Dynamics	growing demand for fuel efficiency, increasing adoption of electric vehicles, technological advancements in steering systems, enhanced vehicle safety requirements, rising environmental regulations
Countries Covered	North America, Europe, APAC, South America, MEA