Automotive Power Steering Motor Global Market Report 2026

Automotive power steering motors are electric motors used in electric power steering (EPS) systems to provide steering assistance by reducing the effort needed to rotate a vehicle's steering wheel. They operate with sensors and electronic control units to deliver accurate and adaptive steering support based on driving conditions, vehicle speed, and steering input. These motors improve vehicle handling, driving comfort, fuel efficiency, and overall steering performance while reducing dependence on hydraulic steering components.

The primary motor types of automotive power steering motors include brushless direct current motors, brushed direct current motors, permanent magnet synchronous motors, induction motors, and other motor types. Brushless direct current motors refer to electric motors that provide efficient, precise, and reliable power assistance for automotive steering systems without requiring mechanical brushes. These motors are available in twelve-volt, twenty-four-volt, and forty-eight-volt configurations and are used in passenger cars, light commercial vehicles, and heavy commercial vehicles. They support internal combustion engine, hybrid electric vehicle, battery electric vehicle, and plug-in hybrid electric vehicle propulsion types and are utilized by end users including automotive manufacturers, automotive component suppliers, and aftermarket service providers.

Tariffs are influencing the automotive power steering motor market by increasing the cost of imported electric motors, rare earth materials, semiconductor components, and automotive electronics used in steering systems. The impact is more significant across automotive manufacturers and component suppliers in regions dependent on global supply chains, including Asia-Pacific, North America, and Europe. Higher production expenses may affect vehicle pricing and supplier margins, while companies are focusing on localized manufacturing, supply chain diversification, and regional sourcing strategies. Tariffs are also encouraging domestic production of automotive power steering motors and strengthening regional manufacturing capabilities.

The automotive power steering motor market research report is one of a series of new reports from The Business Research Company that provides automotive power steering motor market statistics, including automotive power steering motor industry global market size, regional shares, competitors with a automotive power steering motor market share, detailed automotive power steering motor market segments, market trends and opportunities, and any further data you may need to thrive in the automotive power steering motor industry. This automotive power steering motor 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 power steering motor market size has grown strongly in recent years. It will grow from $19.98 billion in 2025 to $21.33 billion in 2026 at a compound annual growth rate (CAGR) of 6.8%. The growth during the historic period was driven by increasing adoption of electric power steering systems in passenger vehicles, rising demand for improved fuel efficiency compared to hydraulic steering systems, growing vehicle production and sales across emerging economies, increasing focus on enhanced driving comfort and steering control, and rising integration of electronic components in automotive steering systems.

The automotive power steering motor market size is expected to see strong growth in the next few years. It will grow to $27.3 billion in 2030 at a compound annual growth rate (CAGR) of 6.4%. The growth during the forecast period can be attributed to increasing adoption of electric and hybrid vehicles requiring advanced steering solutions, rising demand for autonomous driving technologies with precise steering control, growing development of high-efficiency brushless electric motors for automotive applications, increasing need for lightweight automotive components to improve vehicle performance, and growing deployment of advanced driver assistance systems requiring responsive steering systems. Key trends during the forecast period include increasing integration of advanced electric steering motors for improved vehicle handling and comfort, rising adoption of compact and lightweight steering motor designs for enhanced vehicle efficiency, growing development of high-performance steering motors with improved durability and reliability, increasing demand for energy-efficient steering assistance systems in modern vehicles, and rising focus on customized steering motor solutions for diverse vehicle platforms.

The rising adoption of electric and hybrid vehicles is expected to drive the growth of the automotive power steering motor market in the coming years. Electric and hybrid vehicles are vehicles that rely on electric motors either as the sole source of propulsion or in combination with internal combustion engines to enhance fuel efficiency and reduce emissions. The adoption of electric and hybrid vehicles is growing due to increasing environmental awareness, as consumers and governments are seeking cleaner transportation solutions that minimize greenhouse gas emissions, reduce air pollution, and promote sustainability initiatives. Automotive power steering motors support electric power steering (EPS) systems by replacing conventional hydraulic mechanisms with electric motors to provide accurate and energy-efficient steering assistance, improving vehicle efficiency, reducing weight, enhancing driving comfort and handling, and enabling advanced driver-assistance features in electric and hybrid vehicles. For instance, in January 2024, according to the U.S. Department of Energy, a US-based government agency, plug-in electric vehicles represented 9.8% of all light-duty vehicle sales in December 2023, compared to 7.8% in December 2022. During 2023, plug-in vehicles accounted for at least 8% of monthly vehicle sales consistently, while their share in 2022 ranged from 5.5% to 7.8%. Therefore, the rising adoption of electric and hybrid vehicles is driving the growth of the automotive power steering motor market.

Major companies operating in the automotive power steering motor market are concentrating on the development of advanced solutions, including high-torque column EPS, to improve steering performance, increase efficiency, and support heavier electric vehicles while maintaining compact and cost-effective designs. High-torque column EPS is an advanced electric power steering technology in which an electric motor positioned on the steering column delivers high steering assist torque to reduce driver effort, improving steering comfort, vehicle control, and energy efficiency, particularly in larger and heavier vehicles by replacing conventional hydraulic steering systems. For instance, in April 2025, Nexteer Automotive, a US-based motion control technology company, launched its High-Output Column-Assist Electric Power Steering (HO CEPS), an advanced EPS solution developed to expand column-assist capabilities into larger and heavier vehicle segments beyond traditional applications. The system provides steering assist capacity of up to approximately 110 Nm, enabling improved handling performance for heavier electric vehicles without requiring more complex rack-based architectures. It incorporates modular EPS components and optimized electronic control systems that enhance scalability, reduce development timelines, and enable flexible integration across vehicle platforms. The solution also enhances energy efficiency, packaging flexibility, and compatibility with automated driving functions such as lane-keeping assist and stability control, making it suitable for next-generation electrified and software-defined vehicle platforms.

In September 2024, Rane Holdings Limited, an India-based automotive components holding company, completed the acquisition of the remaining 51% stake in Rane NSK Steering Systems Private Limited for $188 million (INR 15.8 billion). Through this acquisition, Rane Holdings aimed to obtain complete ownership of Rane NSK Steering Systems, strengthen its presence in steering and mobility solutions, and streamline its corporate structure by transforming the former joint venture into a wholly owned subsidiary. Rane NSK Steering Systems Private Limited is an India-based manufacturer of electric power steering systems, manual steering columns, intermediate shafts, and steering-related components for the automotive industry.

Major companies operating in the automotive power steering motor market are JTEKT Corporation, Robert Bosch GmbH, ZF Friedrichshafen AG, Nexteer Automotive Group Ltd., Hitachi Astemo Ltd., DENSO Corporation, Hyundai Mobis Co. Ltd., BorgWarner Inc., Magna International Inc., NSK Ltd., Mitsubishi Electric Corporation, Nidec Corporation, thyssenkrupp AG, Schaeffler AG, Valeo SE, HL Mando Corporation, Johnson Electric Holdings Limited, MAHLE GmbH, China Automotive Systems Inc., Mitsuba Corporation, MinebeaMitsumi Inc., Knorr-Bremse AG

Asia-Pacific was the dominating region in the automotive power steering motor market in 2025. Asia-Pacific is expected to be the rapidly growing region in the forecast period. The regions covered in the automotive power steering motor market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the automotive power steering motor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The automotive power steering motor market consists of sales of column-assist power steering motors, pinion-assist power steering motors, rack-assist power steering motors, brushless DC steering motors, permanent magnet motors, integrated EPS motor assemblies, steering motor controllers, and related electric steering drive components. 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 Power Steering Motor 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 power steering motor 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.

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Where is the largest and fastest growing market for automotive power steering motor ? 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 power steering motor 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.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Motor Type: Brushless Direct Current Motor; Brushed Direct Current Motor; Permanent Magnet Synchronous Motor; Induction Motor; Other Motor Types
• 2) By Voltage: Twelve Volt; Twenty Four Volt; Forty Eight Volt
• 3) By Vehicle Type: Passenger Cars; Light Commercial Vehicles; Heavy Commercial Vehicles
• 4) By Propulsion Type: Internal Combustion Engine; Hybrid Electric Vehicle; Battery Electric Vehicle; Plug In Hybrid Electric Vehicle
• 5) By End User: Automotive Manufacturers; Automotive Component Suppliers; Aftermarket Service Providers
• Subsegments:
• 1) By Brushless Direct Current Motor: Interior Permanent Magnet Brushless Direct Current Motor; Surface Mounted Brushless Direct Current Motor; Sensor Based Brushless Direct Current Motor; Sensorless Brushless Direct Current Motor
• 2) By Brushed Direct Current Motor: Permanent Magnet Brushed Direct Current Motor; Series Wound Brushed Direct Current Motor; Shunt Wound Brushed Direct Current Motor; Compound Wound Brushed Direct Current Motor
• 3) By Permanent Magnet Synchronous Motor: Surface Mounted Permanent Magnet Synchronous Motor; Interior Permanent Magnet Synchronous Motor; High Efficiency Permanent Magnet Synchronous Motor; Automotive Grade Permanent Magnet Synchronous Motor
• 4) By Induction Motor: Squirrel Cage Induction Motor; Wound Rotor Induction Motor; Three Phase Induction Motor; High Torque Induction Motor
• 5) By Other Motor Types: Switched Reluctance Motor; Axial Flux Motor; Hub Motor; Hybrid Electric Motor
• Companies Mentioned: JTEKT Corporation; Robert Bosch GmbH; ZF Friedrichshafen AG; Nexteer Automotive Group Ltd.; Hitachi Astemo Ltd.; DENSO Corporation; Hyundai Mobis Co. Ltd.; BorgWarner Inc.; Magna International Inc.; NSK Ltd.; Mitsubishi Electric Corporation; Nidec Corporation; thyssenkrupp AG; Schaeffler AG; Valeo SE; HL Mando Corporation; Johnson Electric Holdings Limited; MAHLE GmbH; China Automotive Systems Inc.; Mitsuba Corporation; MinebeaMitsumi Inc.; Knorr-Bremse AG
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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