Automotive Electric Power Steering (EPS) Systems Market, By Type,, By Component,, By Geography

Description

Automotive Electric Power Steering (EPS) Systems Market is estimated to be valued at USD 32.62 Bn in 2025 and is expected to reach USD 46.83 Bn by 2032, growing at a compound annual growth rate (CAGR) of 5.3% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 32.62 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	5.30%	2032 Value Projection:	USD 46.83 Bn

Electric power steering systems have become a standard in modern vehicles, adding to fuel efficiency and reduced emissions. These systems use electric motors and electronic control units to provide steering assistance. Automotive manufacturers are working on sustainability and regulatory compliance, and EPS systems are helping them meet strict fuel economy standards and environmental regulations. The market includes different EPS configurations including column-assist, pinion-assist, and rack-assist systems, each designed to optimize performance in different vehicle categories. The proliferation of advanced driver assistance systems (ADAS) and the growing demand for connected vehicle technologies also add to the importance of EPS systems.

Market Dynamics

The strict government regulations are pushing for improved fuel efficiency and reduced carbon emissions, making EPS systems essential components for automotive manufacturers. Modern consumers are looking for driving comfort, improved vehicle handling, and advanced safety features, which is creating demand for sophisticated EPS technologies across passenger and commercial vehicle segments. However, market growth faces notable constraints including high initial implementation costs, complex integration requirements with existing vehicle systems, and potential reliability concerns associated with electronic components in harsh automotive environments. The sophisticated nature of EPS systems necessitates substantial research and development investments, creating barriers for smaller manufacturers and potentially limiting market competition. Nevertheless, significant opportunities emerge from the accelerating development of autonomous driving technologies, which require precise electronic steering control for advanced maneuvering capabilities. The expanding global automotive production, particularly in emerging economies, presents lucrative growth prospects for EPS system manufacturers.

Key Features of the Study

This report provides in-depth analysis of the global Automotive Electric Power Steering (EPS) systems market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global automotive electric power steering (EPS) systems market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include JTEKT, Nexteer Automotive, ZF Friedrichshafen, RobertBosch, NSK Ltd., Mando, Mobis, Showa Corporation, ThyssenKrupp, Hitachi Astemo, Zhejiang Shibao, BBB Industries, Denso, Aptiv, and Hitachi.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global automotive electric power steering (EPS) systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automotive electric power steering (EPS) systems market.

Market Segmentation

Type Insights (Revenue, USD Bn, 2020 - 2032)
- Column Assist Type
- Rack Assist Type
- Pinion Assist Type
Component Insights (Revenue, USD Bn, 2020 - 2032)
- Gearbox
- Electric Motor
- ECU
- Sensors
- Steering Column
- Others
Regional Insights (Revenue, USD Bn, 2020 - 2032)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- JTEKT
- Nexteer Automotive
- ZF Friedrichshafen
- RobertBosch
- NSK Ltd.
- Mando
- Mobis
- Showa Corporation
- ThyssenKrupp
- Hitachi Astemo
- Zhejiang Shibao
- BBB Industries
- Denso
- Aptiv
- Hitachi

Product Code: CMI8224

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Global Automotive Electric Power Steering (EPS) Systems Market, By Type
- Global Automotive Electric Power Steering (EPS) Systems Market, By Component
- Global Automotive Electric Power Steering (EPS) Systems Market, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trends

4. Global Automotive Electric Power Steering (EPS) Systems Market, By Type, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Column Assist Type
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Rack Assist Type
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Pinion Assist Type
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

5. Global Automotive Electric Power Steering (EPS) Systems Market, By Component, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Gearbox
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Electric Motor
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
ECU
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Sensors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Steering Column
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

6. Global Automotive Electric Power Steering (EPS) Systems Market, By Region, 2020 - 2032, Value (USD Bn)

Introduction
- Market Share (%) Analysis, 2025, 2028 & 2032, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD Bn)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Component, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Component, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Component, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Component, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Component, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Component, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD Bn)
  - South Africa
  - North Africa
  - Central Africa

7. Competitive Landscape

JTEKT
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Nexteer Automotive
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
ZF Friedrichshafen
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
RobertBosch
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
NSK Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Mando
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Mobis
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Showa Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
ThyssenKrupp
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Hitachi Astemo
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Zhejiang Shibao
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
BBB Industries
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Denso
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Aptiv
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Hitachi
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies

8. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

9. References and Research Methodology

References
Research Methodology
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