PUBLISHER: The Business Research Company | PRODUCT CODE: 1999742
PUBLISHER: The Business Research Company | PRODUCT CODE: 1999742
An automotive steering system is a critical component of a vehicle that enables the driver to control the direction of the vehicle's wheels, facilitating maneuverability and directional control. This system is composed of several interconnected parts, including the steering wheel, steering column, rack and pinion or steering gearbox, and various linkages and joints that connect to the wheels. Its primary function is to provide the driver with precise control over the vehicle's direction.
The main types of automotive steering systems include electric power steering (EPS), hydraulic power steering (HPS), electro-hydraulic power steering (EHPS), and manual steering. Electric power steering (EPS) utilizes an electric motor to assist in steering the vehicle, enhancing control and efficiency. Its components typically include sensors, a steering column, a mechanical rack and pinion, an electric motor, an electronic control unit (ECU), and a hydraulic pump. These components are distributed through original equipment manufacturers (OEMs) and aftermarket channels and are utilized in various applications such as passenger cars (PCs), light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), and other automotive vehicles.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs are impacting the automotive steering system market by increasing the cost of imported sensors, electric motors, electronic control units, steering columns, and precision mechanical components. Passenger car and commercial vehicle manufacturers in North America and Europe are particularly affected due to reliance on imported EPS and EHPS components, while Asia-Pacific suppliers face export pricing pressure. These tariffs are raising vehicle production costs and squeezing OEM margins. However, they are also encouraging localization of steering system manufacturing, regional sourcing of electronic components, and innovation in integrated and cost-efficient steering architectures.
The automotive steering system market research report is one of a series of new reports from The Business Research Company that provides automotive steering system market statistics, including automotive steering system industry global market size, regional shares, competitors with a automotive steering system market share, detailed automotive steering system market segments, market trends and opportunities, and any further data you may need to thrive in the automotive steering system industry. This automotive steering system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The automotive steering system market size has grown steadily in recent years. It will grow from $30.46 billion in 2025 to $31.9 billion in 2026 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to vehicle production growth, transition from manual to power steering, demand for driving comfort, automotive safety improvements, steering system standardization.
The automotive steering system market size is expected to see steady growth in the next few years. It will grow to $37.94 billion in 2030 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to electric vehicle penetration, autonomous driving development, software-defined vehicles, demand for energy-efficient steering, integration with vehicle electronics. Major trends in the forecast period include rapid adoption of electric power steering, integration of steering with adas, shift toward steer-by-wire systems, demand for lightweight steering components, growth of software-controlled steering.
The automotive steering system market is poised for growth due to the increasing demand for fuel-efficient vehicles. These vehicles are designed to maximize mileage per unit of fuel, achieved through technological advancements and engineering innovations aimed at reducing fuel consumption. There's a rising awareness of the environmental impact of vehicle emissions, especially greenhouse gases such as carbon dioxide, which contribute to climate change. Fuel-efficient vehicles emit fewer emissions per mile, making them environmentally friendly. Automotive steering systems play a role in meeting the demand for fuel-efficient vehicles by incorporating lightweight materials, advanced control algorithms, optimizing tire alignment, enhancing vehicle aerodynamics, and reducing energy consumption through technologies such as electric power steering (EPS). For instance, data from the Environmental Protection Agency in December 2023 showed that electric vehicles (EVs), plug-in hybrid vehicles (PHEVs), and fuel cell electric vehicles (FCVs) constituted 4% of production in 2021, rising to 7% in 2022, with a projected increase to 12% in 2023, indicating the growing demand for fuel-efficient vehicles and its impact on the automotive steering system market.
Leading companies in the automotive steering system market are developing advanced electric steering systems tailored for specific low-volume vehicle manufacturers. These systems offer precise and responsive steering control, improve fuel efficiency, enhance driver safety with features such as lane-keeping assistance, and reduce overall weight and complexity. For instance, in September 2023, Titan Motorsport and Automotive Engineering launched an advanced steer-by-wire system featuring a bespoke electric motor and control system, scalability for various applications, and high tuneability for precise steering responses, representing significant advancements in electric steering technology.
In March 2024, ZF Rane Automotive India Private Limited acquired TRW Sun Steering Wheels Pvt. Ltd., strengthening its position as a comprehensive solutions provider in the automotive steering system market. This acquisition enhances market share, competitiveness, and drives innovation in steering system solutions.
Major companies operating in the automotive steering system market report include Robert Bosch GmbH, ZF Friedrichshafen AG, JTEKT Corporation, Nexteer Automotive Group Ltd., Thyssenkrupp AG, Denso Corporation, Hyundai Mobis Co. Ltd., Hitachi Astemo Ltd., Mitsubishi Electric Corporation, HL Mando Corporation, China Automotive Systems Inc., TRW Automotive, Showa Corporation, Univance Corporation, Schaeffler AG, Nidec Corporation, GKN Automotive AG, NSK Steering Systems Co. Ltd., Bharat Forge Limited, Marelli Holdings Co. Ltd.
North America was the largest region in the automotive steering system market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive steering system market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the automotive steering system market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The automotive steering system market consists of sales of steering gears, steering linkages, power steering hoses, steering knuckles, power steering fluid, and intermediate shafts. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Automotive Steering System Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses automotive steering system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for automotive steering system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The automotive steering system market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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