Global Automotive Electric Power Steering Market Research Report- Industry Analysis, Size, Share, Growth, Trends and Forecast 2025 to 2033

Description

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Global Automotive Electric Power Steering Market size is anticipated to grow from USD 31.78 Billion in 2024 to USD 53.64 Billion by 2033, showcasing a robust Compound Annual Growth Rate (CAGR) of 5.99% during the forecast period of 2026 to 2033.

The automotive electric power steering market is poised for transformative growth as the automotive industry shifts towards electrification and advanced driver-assistance systems (ADAS). With the increasing demand for fuel-efficient vehicles and the need for enhanced driving comfort, electric power steering (EPS) systems are becoming a standard feature in modern automobiles. The transition from traditional hydraulic systems to electric systems not only reduces vehicle weight but also improves energy efficiency, aligning with global sustainability goals. As manufacturers invest in research and development to enhance EPS technology, the market is expected to witness significant advancements in performance, responsiveness, and integration with other vehicle systems.

Moreover, the rise of autonomous vehicles is further propelling the demand for electric power steering solutions. EPS systems are integral to the functionality of autonomous driving technologies, providing precise control and feedback that are essential for safe navigation. As automakers increasingly incorporate autonomous features into their vehicles, the need for sophisticated EPS systems that can adapt to various driving conditions will become paramount. This trend is driving innovation in the market, with companies exploring advanced algorithms and sensor technologies to enhance the capabilities of electric power steering systems, ensuring they meet the demands of future mobility.

In addition, the growing emphasis on vehicle connectivity and smart technologies is reshaping the automotive electric power steering landscape. The integration of EPS with vehicle-to-everything (V2X) communication systems allows for real-time data exchange between vehicles and their surroundings, enhancing safety and driving experience. As consumers become more tech-savvy, the expectation for seamless integration of steering systems with infotainment and navigation systems is rising. The automotive electric power steering market is thus positioned for substantial growth, driven by technological advancements, changing consumer preferences, and the ongoing evolution of the automotive landscape.

Our reports are meticulously crafted to provide clients with comprehensive and actionable insights into various industries and markets. Each report encompasses several critical components to ensure a thorough understanding of the market landscape:

Market Overview: A detailed introduction to the market, including definitions, classifications, and an overview of the industry's current state.

Market Dynamics: In-depth analysis of key drivers, restraints, opportunities, and challenges influencing market growth. This section examines factors such as technological advancements, regulatory changes, and emerging trends.

Segmentation Analysis: Breakdown of the market into distinct segments based on criteria like product type, application, end-user, and geography. This analysis highlights the performance and potential of each segment.

Competitive Landscape: Comprehensive assessment of major market players, including their market share, product portfolio, strategic initiatives, and financial performance. This section provides insights into the competitive dynamics and key strategies adopted by leading companies.

Market Forecast: Projections of market size and growth trends over a specified period, based on historical data and current market conditions. This includes quantitative analyses and graphical representations to illustrate future market trajectories.

Regional Analysis: Evaluation of market performance across different geographical regions, identifying key markets and regional trends. This helps in understanding regional market dynamics and opportunities.

Emerging Trends and Opportunities: Identification of current and emerging market trends, technological innovations, and potential areas for investment. This section offers insights into future market developments and growth prospects.

SEGMENTATION COVERED IN THE REPORT

By Type

Column Electric Power Steering
Rack Electric Power Steering
Pinion Electric Power Steering

By Vehicle Type

Passenger Cars
Commercial Vehicles

By Propulsion Type

ICE
Electric

By Component

Electric Control Unit
Electric Motor
Rack and Pinion
Steering Column
Others
COMPANIES PROFILED
NSK Ltd.
BBB Industries
ZF Friedrichshafen AG
HL Mando Corp.
Hitachi Ltd.
Zhejiang Shibao Co. Ltd.
JTEKT Corporation
Nexteer Automotive
ThyssenKrupp AG
Robert Bosch GmbH
The above list can be customized.

Product Code: VMR112114165

1. PREFACE

1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology

2. EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3. AUTOMOTIVE ELECTRIC POWER STEERING INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Type
- 3.7.2 Market Attractiveness Analysis By Vehicle Type
- 3.7.3 Market Attractiveness Analysis By Propulsion Type
- 3.7.4 Market Attractiveness Analysis By Component
- 3.7.5 Market Attractiveness Analysis By Regions

4. VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend

5. GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET ANALYSIS BY TYPE

5.1. Overview By Type
5.2. Historical and Forecast Data Analysis By Type
5.3. Column Electric Power Steering Historic and Forecast Sales By Regions
5.4. Rack Electric Power Steering Historic and Forecast Sales By Regions
5.5. Pinion Electric Power Steering Historic and Forecast Sales By Regions

6. GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET ANALYSIS BY VEHICLE TYPE

6.1. Overview By Vehicle Type
6.2. Historical and Forecast Data Analysis By Vehicle Type
6.3. Passenger Cars Historic and Forecast Sales By Regions
6.4. Commercial Vehicles Historic and Forecast Sales By Regions

7. GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET ANALYSIS BY PROPULSION TYPE

7.1. Overview By Propulsion Type
7.2. Historical and Forecast Data Analysis By Propulsion Type
7.3. ICE Historic and Forecast Sales By Regions
7.4. Electric Historic and Forecast Sales By Regions

8. GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET ANALYSIS BY COMPONENT

8.1. Overview By Component
8.2. Historical and Forecast Data Analysis By Component
8.3. Electric Control Unit Historic and Forecast Sales By Regions
8.4. Electric Motor Historic and Forecast Sales By Regions
8.5. Rack and Pinion Historic and Forecast Sales By Regions
8.6. Steering Column Historic and Forecast Sales By Regions
8.7. Others Historic and Forecast Sales By Regions

9. GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET ANALYSIS BY GEOGRAPHY

9.1. Regional Outlook
9.2. Introduction
9.3. North America Sales Analysis
- 9.3.1 Overview, Historic and Forecast Data Sales Analysis
- 9.3.2 North America By Segment Sales Analysis
- 9.3.3 North America By Country Sales Analysis
- 9.3.4 United States Sales Analysis
- 9.3.5 Canada Sales Analysis
- 9.3.6 Mexico Sales Analysis
9.4. Europe Sales Analysis
- 9.4.1 Overview, Historic and Forecast Data Sales Analysis
- 9.4.2 Europe By Segment Sales Analysis
- 9.4.3 Europe By Country Sales Analysis
- 9.4.4 United Kingdom Sales Analysis
- 9.4.5 France Sales Analysis
- 9.4.6 Germany Sales Analysis
- 9.4.7 Italy Sales Analysis
- 9.4.8 Russia Sales Analysis
- 9.4.9 Rest Of Europe Sales Analysis
9.5. Asia Pacific Sales Analysis
- 9.5.1 Overview, Historic and Forecast Data Sales Analysis
- 9.5.2 Asia Pacific By Segment Sales Analysis
- 9.5.3 Asia Pacific By Country Sales Analysis
- 9.5.4 China Sales Analysis
- 9.5.5 India Sales Analysis
- 9.5.6 Japan Sales Analysis
- 9.5.7 South Korea Sales Analysis
- 9.5.8 Australia Sales Analysis
- 9.5.9 South East Asia Sales Analysis
- 9.5.10 Rest Of Asia Pacific Sales Analysis
9.6. Latin America Sales Analysis
- 9.6.1 Overview, Historic and Forecast Data Sales Analysis
- 9.6.2 Latin America By Segment Sales Analysis
- 9.6.3 Latin America By Country Sales Analysis
- 9.6.4 Brazil Sales Analysis
- 9.6.5 Argentina Sales Analysis
- 9.6.6 Peru Sales Analysis
- 9.6.7 Chile Sales Analysis
- 9.6.8 Rest of Latin America Sales Analysis
9.7. Middle East & Africa Sales Analysis
- 9.7.1 Overview, Historic and Forecast Data Sales Analysis
- 9.7.2 Middle East & Africa By Segment Sales Analysis
- 9.7.3 Middle East & Africa By Country Sales Analysis
- 9.7.4 Saudi Arabia Sales Analysis
- 9.7.5 UAE Sales Analysis
- 9.7.6 Israel Sales Analysis
- 9.7.7 South Africa Sales Analysis
- 9.7.8 Rest Of Middle East And Africa Sales Analysis

10. COMPETITIVE LANDSCAPE OF THE AUTOMOTIVE ELECTRIC POWER STEERING COMPANIES

10.1. Automotive Electric Power Steering Market Competition
10.2. Partnership/Collaboration/Agreement
10.3. Merger And Acquisitions
10.4. New Product Launch
10.5. Other Developments

11. COMPANY PROFILES OF AUTOMOTIVE ELECTRIC POWER STEERING INDUSTRY

11.1. Top Companies Market Share Analysis
11.2. Market Concentration Rate
11.3. NSK Ltd.
- 11.3.1 Company Overview
- 11.3.2 Company Revenue
- 11.3.3 Products
- 11.3.4 Recent Developments
11.4. BBB Industries
- 11.4.1 Company Overview
- 11.4.2 Company Revenue
- 11.4.3 Products
- 11.4.4 Recent Developments
11.5. ZF Friedrichshafen AG
- 11.5.1 Company Overview
- 11.5.2 Company Revenue
- 11.5.3 Products
- 11.5.4 Recent Developments
11.6. HL Mando Corp.
- 11.6.1 Company Overview
- 11.6.2 Company Revenue
- 11.6.3 Products
- 11.6.4 Recent Developments
11.7. Hitachi Ltd.
- 11.7.1 Company Overview
- 11.7.2 Company Revenue
- 11.7.3 Products
- 11.7.4 Recent Developments
11.8. Zhejiang Shibao Co. Ltd.
- 11.8.1 Company Overview
- 11.8.2 Company Revenue
- 11.8.3 Products
- 11.8.4 Recent Developments
11.9. JTEKT Corporation
- 11.9.1 Company Overview
- 11.9.2 Company Revenue
- 11.9.3 Products
- 11.9.4 Recent Developments
11.10. Nexteer Automotive
- 11.10.1 Company Overview
- 11.10.2 Company Revenue
- 11.10.3 Products
- 11.10.4 Recent Developments
11.11. ThyssenKrupp AG
- 11.11.1 Company Overview
- 11.11.2 Company Revenue
- 11.11.3 Products
- 11.11.4 Recent Developments
11.12. Robert Bosch GmbH
- 11.12.1 Company Overview
- 11.12.2 Company Revenue
- 11.12.3 Products
- 11.12.4 Recent Developments

Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies