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市場調查報告書
商品編碼
2016694

電動方向盤市場規模、佔有率、趨勢和預測：按組件、機構、類型、車輛類型和地區分類，2026-2034年

Electric Power Steering Market Size, Share, Trends and Forecast by Component, Mechanism, Type, Vehicle Type, and Region, 2026-2034
出版日期: | 出版商: IMARC | 英文 139 Pages | 商品交期: 2-3個工作天內

價格

2025年全球電動方向盤市場規模為310億美元。展望未來，IMARC Group預測，該市場將在2026年至2034年間以4.41%的複合年成長率成長，到2034年達到462億美元。目前，亞太地區是該市場的主要驅動力，預計到2025年將佔據超過50.5%的市場。推動市場成長的關鍵因素包括：對省油車的需求不斷成長、電動和混合動力汽車的普及、政府為促進環保交通途徑而訂定的法規日益增多、電動方向盤技術的進步以及扭矩感測器系統的引入。

由於消費者對節能環保汽車的需求不斷成長，全球電子輔助轉向系統 (EPS) 市場正在蓬勃發展，因為 EPS 無需液壓油，並能降低引擎負荷。此外，EPS 與高級駕駛輔助系統 (ADAS) 的快速整合提高了轉向精度，從而推動了產品的普及。消費者對車輛安全性和駕駛舒適性的更高偏好也進一步促進了市場擴張。同時，日益嚴格的排放氣體法規迫使製造商將 EPS 納入其設計，以符合永續性目標。此外，電動車 (EV) 和混合動力汽車(PHEV) 的增幅高達 47%，超過了電池式電動車(BEV) 30% 的增幅。預計到 2024 年，電動車銷量將成長 17%，達到 1,660 萬輛（市佔率為 19.2%）。

美國是一個重要的區域市場，其市場正因政府獎勵和基礎建設的支持而不斷擴張，電動和混合動力汽車的普及率也隨之提高。這導致消費者對燃油效率高、低排放氣體汽車的需求不斷成長，促使製造商推廣電動輔助轉向系統（EPS）的應用。汽車產業日益重視整合式自動駕駛等先進技術，進而推動了對高精度、高可靠性EPS解決方案的需求。 2024年4月9日推出的AcuraWatch等先進安全系統（包括碰撞緩解煞車系統（CMBS™）、車道維持輔助系統和主動式車距維持定速系統）進一步促進了EPS的普及。這些系統依賴EPS來提升車輛性能、安全性和駕駛感知能力。此外，美國輕型商用車和SUV產量的不斷成長也顯著推動了市場成長，因為這些車型與EPS相容。

電動方向盤市場的發展趨勢：

電動車和混合動力汽車的廣泛應用

隨著汽車製造商轉向更節能的技術以滿足環境和監管要求，電動和混合動力汽車日益普及，成為電動輔助轉向系統（EPS）市場的另一個主要驅動力。隨著消費者對永續交通途徑的偏好不斷成長，預計對EPS系統的需求將進一步增加，同時電動和混合動力汽車的需求也不斷成長。根據國際能源總署（IEA）的數據，2022年全球電動車銷量達1,050萬輛，比2021年成長55%。電動車銷量的成長預計將推動對電動方向盤系統（EPS）的需求增加。 EPS系統有望提升車輛的整體性能，不僅提高效率和永續性，還提供自動泊車和車道維持等先進功能，從而促進電動和混合動力汽車的生產。因此，從全球角度來看，EPS市場前景預計將持續擴大。

人們越來越關注車輛安全性和性能

消費者和製造商日益重視車輛安全性和性能，成為推動市場成長要素。他們優先考慮增強安全功能和提升駕駛體驗。電動輔助轉向系統 (EPS) 在支援各種高級駕駛輔助系統 (ADAS) 方面發揮著至關重要的作用，而這些系統對於現代車輛至關重要。除了提升車輛安全性外，EPS 還控制著現代車輛的重要功能，例如車道維持輔助、自動緊急轉向和主動式車距維持定速系統。這種對車輛性能日益成長的關注，與消費者對更靈敏的操控響應和更低駕駛疲勞度的偏好相契合，既滿足了監管要求，也滿足了不斷變化的駕駛需求。產業報告顯示，美國憑藉其主要汽車製造商和技術優勢，在 ADAS 部署方面處於領先地位，佔據了近 75% 的市場佔有率。這一事實，加上人們對車輛安全性和性能日益成長的關注，是推動電動方向盤(EPS) 市場成長要素之一。隨著製造商努力遵守日益嚴格的安全法規並滿足不斷提高的消費者期望，對 EPS 系統的需求顯著成長。

擴大EPS的應用範圍，以改善駕駛體驗

由於電動方向盤系統 (EPS) 相較於傳統的液壓動力方向盤系統具有許多優勢，因此在現代車輛中的應用日益廣泛。 EPS 不僅能透過降低能耗來提高燃油效率，還能提供更卓越的操控性和精準度，進而帶來更精緻、更靈敏的駕駛體驗。此外，它還提供不同等級的轉向輔助。 EPS 系統通常比液壓動力方向盤更輕，因此更容易被廣泛採用。這降低了機械結構的複雜性，也減少了維修需求。隨著汽車製造商在車輛設計中越來越重視效率和性能，對 EPS 系統的需求不斷成長，推動了市場發展。根據一份產業報告顯示，由於更嚴格的燃油法規和配備高級駕駛輔助系統 (ADAS) 的車輛數量激增，全球 EPS 系統的普及率正在上升，尤其是在北美和中國，2021 年的普及速度更是顯著加快。由於這些地區的普及速度較慢，全球整體轉向系統的電動化率已達 85.5%。

目錄

第1章：序言

第2章：調查方法

  • 調查目的
  • 相關利益者
  • 數據來源
    • 主要訊息
    • 二手資訊
  • 市場估值
    • 自下而上的方法
    • 自上而下的方法
  • 預測方法

第3章執行摘要

第4章：引言

第5章：全球電動方向盤市場

  • 市場概覽
  • 市場表現
  • 新冠疫情的影響
  • 市場預測

第6章 市場區隔：依組件分類

  • 轉向柱
  • 感應器
  • 轉向裝置
  • 機械齒輪齒條
  • 電控系統
  • 電動機
  • 其他

第7章 市場崩盤：按機制分類

  • 硬質EPS
  • 折疊式EPS

第8章 市場區隔：依類型

  • 機架輔助型（REPS）
  • 列輔助類型（CEPS）
  • 小齒輪輔助式（PEPS）

第9章 市場細分：依車輛類型分類

  • 搭乘用車
  • 商用車輛

第10章 市場區隔：依地區分類

  • 北美洲
    • 美國
    • 加拿大
  • 亞太地區
    • 中國
    • 日本
    • 印度
    • 韓國
    • 澳洲
    • 印尼
    • 其他
  • 歐洲
    • 德國
    • 法國
    • 英國
    • 義大利
    • 西班牙
    • 俄羅斯
    • 其他
  • 拉丁美洲
    • 巴西
    • 墨西哥
    • 其他
  • 中東和非洲

第11章：促進、抑制與機遇

第12章：價值鏈分析

第13章：波特五力分析

第14章：價格分析

第15章 競爭格局

  • 市場結構
  • 主要企業
  • 主要企業簡介
    • HELLA GmbH & Co. KGaA（Faurecia SE）
    • Hycet Technology Co. Ltd（Great Wall Motor Company Limited）
    • JTEKT Corporation
    • Mitsubishi Electric Corporation
    • Nexteer Automotive
    • NSK LTD
    • NXP Semiconductors NV
    • Robert Bosch GmbH
    • ThyssenKrupp AG
    • TT Electronics plc
    • ZF Friedrichshafen AG
Product Code: SR112026A7881

The global electric power steering market size was valued at USD 31 Billion in 2025. Looking forward, IMARC Group estimates the market to reach USD 46.2 Billion by 2034, exhibiting a CAGR of 4.41% from 2026-2034. Asia-Pacific currently dominates the market, holding a market share of over 50.5% in 2025. The rising demand for fuel-efficient vehicles, the growing adoption of electric and hybrid cars, the increasing implementation of government regulations promoting eco-friendly transportation, advancements in electric power steering technology, and the introduction of torque sensor systems represent some of the key factors driving the market .

The global market is growing due to rising demand for fuel-efficient and eco-friendly vehicles, as EPS eliminates hydraulic fluids and reduces engine load. Furthermore, rapid integration with advanced driver-assistance systems (ADAS) is enhancing steering precision, driving product adoption. Consumer preference for improved vehicle safety and driving comfort is further propelling market expansion. Besides this, strict emission regulations are pushing manufacturers to incorporate EPS into designs, aligning with sustainability goals. Moreover, the increasing production of electric and hybrid vehicles, where EPS is a key component, is significantly supporting market growth. For instance, Autovista24 states that, global EV demand increased 35% in 2023, reaching 14.2 million units (16.7% market share), with PHEVs (up 47%) outpacing BEVs (up 30%). In 2024, EV sales are forecast to grow 17%, reaching 16.6 million units (19.2% share).

The United States is a key regional market and is expanding due to the increasing adoption of electric and hybrid vehicles, supported by government incentives and infrastructure advancements. In line with this, rising consumer demand for fuel-efficient, low-emission vehicles is driving manufacturers to incorporate EPS systems. The automotive sector's growing focus on integrating advanced technologies, such as autonomous driving features, is enhancing the need for precise and reliable EPS solutions. Advanced safety systems, like AcuraWatch, launched on April 9, 2024, which includes Collision Mitigation Braking System (CMBS(TM)), Lane Keeping Assist, and Adaptive Cruise Control, is further propelling EPS adoption. These systems rely on EPS for improved performance, safety, and driver awareness. Additionally, the rising production of light commercial vehicles and SUVs in the U.S. significantly supports market growth due to EPS compatibility.

ELECTRIC POWER STEERING MARKET TRENDS:

Rising Adoption of Electric and Hybrid Vehicles

The rising adoption of electric and hybrid vehicles is another major driver of the EPS market, as automakers shift toward more energy-efficient technologies to meet environmental and regulatory demands. As the consumer preference towards sustainable transportation continue to grow, an increasing demand for electric and hybrid vehicles is likely to be accompanied by greater EPS system demand. The International Energy Agency (IEA) reported that global electric vehicle sales reached 10.5 million units in 2022, a 55% increase from the sales made in 2021. With the increasing sales of electric vehicles, the demand for Electric Power Steering (EPS) systems is also expected to grow. EPS systems also enhance the overall performance of vehicles, which are expected to provide not only efficiency and sustainability but also advanced features such as automatic parking and lane-keeping capabilities, making them increasingly desirable in the production of electric and hybrid vehicles. As such, this will continue and expand the EPS market outlook in the global aspects.

Rising Focus on Vehicle Safety and Performance

The increasing focus on vehicle safety and performance is a primary growth driver for the market due to consumers and manufacturers focusing more on enhancing safety features, along with better driving experiences. EPS plays a crucial role in supporting various advanced driver-assistance systems that are integral to modern vehicles. In addition to enhancing vehicle safety, EPS governs essential features such as lane-keeping assistance, automatic emergency steering, and adaptive cruise control in contemporary vehicles. This increased emphasis on vehicle performance is further aligned with consumer preferences for improved handling responsiveness and reduced driver fatigue, which fulfills regulatory demands and addresses the changing needs of drivers. According to an industrial report, the U.S. is at the forefront of ADAS adoption, capturing close to 75% market share due to the existence of major automotive manufacturers and advancements in technology. This fact is accompanied by a growing focus on the safety and performance of vehicles as one of the key growth drivers for the electric power steering (EPS) market. As manufacturers strive to comply with increasingly stringent safety regulations and meet growing consumer expectations, the demand for EPS systems has risen significantly.

Growing Adoption of EPS to Improve Driving Experience

The adoption of electric power steering (EPS) systems is increasing in modern vehicles, given their numerous advantages over conventional hydraulic power steering systems. EPS not only enhances fuel efficiency by reducing energy consumption but also offers superior control and precision, contributing to a more refined and responsive driving experience. It also provides varying levels of steering assistance. Moreover, EPS is more commonly used than hydraulic power steering since EPS systems are typically lighter than hydraulic systems. This aids in decreasing mechanical intricacy and results in reduced maintenance needs. As manufacturers increasingly prioritize efficiency and performance in vehicle design, there is a rising demand for EPS systems, which is contributing to the growth of the market. According to an industrial report, due to tighter fuel regulations and the proliferation of vehicles with ADAS (Advanced Driving Assistant System), the global adoption of EPS systems is on the rise, notably accelerating in North America and China during 2021, where installations faced delays, resulting in a global electrification of steering reaching 85.5%.

ELECTRIC POWER STEERING INDUSTRY SEGMENTATION:

Analysis by Component:

  • Steering Column
  • Sensors
  • Steering Gear
  • Mechanical Rack and Pinion
  • Electronic Control Unit
  • Electric Motor
  • Others

Sensors are leading the market segment due to their critical role in developing high-performance accuracy and safety for power-steering electric systems. Torque, position, and speed sensors allow for real-time data that could be feasible only in producing precision steering and vehicle stability control, crucial for both electric and autonomous vehicles. In addition, sensor technologies can also improve the power use of steering to help reduce the consumption of fuel. Besides this, sensor technologies are augmenting reliability while reducing cost. All of these reasons have contributed positively to their growth in adoption worldwide over vehicle segments.

Analysis by Mechanism:

  • Rigid EPS
  • Collapsible EPS

Collapsible EPS leads the market with around 56.7% of market share in 2025. This is due to its superior safety capabilities and increased adaptability in different vehicle types. The EPS system is so designed to collapse in the event of an accident with minimum impact on the driver that most auto majors are inclined toward using this EPS for their vehicle lines. The collapsible EPS is also less heavy compared to the traditional hydraulic system. The flexibility related to mounting and being an integral part of compact car designs has made it more attractive in many regions where small and medium-sized vehicles are highly in demand. The increasing adoption of electric and hybrid vehicles is creating further demand for collapsible EPS, which in turn is enhancing market leadership for this type.

Analysis by Type:

  • Rack Assist Type (REPS)
  • Column Assist Type (CEPS)
  • Pinion Assist Type (PEPS)

According to the electric power steering market research report, column assist type (CEPS) is the leading segment with around 36.8% of market share in 2025, due to its widespread adoption in small and mid-sized passenger vehicles. CEPS, for example, is very space-efficient in design but easy to package into vehicle architectures. Furthermore, it is low-cost, hence very suitable for lightweight cars. The system itself helps in improving the efficiency of vehicles through the saving of fuel consumption on the use of the hydraulic pump. Its capability of providing greater steering control and other safety-enhancing functions like lane keeping and parking assistance makes it popular among automobile manufacturers who focus on driver-assistance systems.

Analysis by Vehicle Type:

  • Passenger Car
  • Commercial Vehicle

Passenger car leads the market with around 68.6% of market share in 2025, attributed to the rising demand for fuel efficiency and technology-savvy vehicles. With individuals increasingly adopting electric and hybrid cars worldwide, the EPS system in the passenger vehicle has been receiving the attention of automotive developers in order to enhance fuel efficiency and reduce emissions. The systems prove their competence by bolstering the performance of vehicles with better gripping and lesser steering torque, thereby satisfying the preferences of customers for smooth driving experiences. The increasing need for EPS is also due to government regulations in their attempt to minimize carbon emissions. Besides this, with safety features like lane-keeping assistance and automated driving, there's also rising consumption of electric power steering systems in passenger cars.

Regional Analysis:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

In 2025, Asia Pacific accounted for the largest market share of over 50.5%. The market is primarily driven by the augmenting demand for energy-efficient vehicles which can be attributed to the growing emphasis on reducing carbon emissions and enhancing fuel efficiency across the region. Governments in countries like China, Japan, and India have implemented strict regulations promoting cleaner transportation solutions, thereby pushing automakers to adopt electric power steering (EPS) systems that contribute to overall vehicle efficiency. This, in turn, is creating a positive electric power steering market outlook. Additionally, rapid urbanization and rising disposable incomes have led to increased vehicle ownership, further bolstering demand for advanced automotive technologies. Technological innovations such as the integration of electric power steering in electric and hybrid vehicles, and the development of steer-by-wire systems, are also contributing to market growth. These systems not only reduce vehicle weight but also offer improved safety, handling, and steering performance, aligning with consumer preferences for enhanced driving experiences. Furthermore, growing investments in research and development (R&D) by automakers to produce cost-effective and reliable EPS systems present new opportunities for market expansion and electric power steering market demand in the region.

KEY REGIONAL TAKEAWAYS:

UNITED STATES ELECTRIC POWER STEERING MARKET ANALYSIS

In 2025, the United States accounted for 74.90% of the North America electric power steering (EPS) market. The U.S. EPS market is growing mainly on account of technological advancements in the automobile industry and rising adoption of energy-saving automobiles. According to the projections given by the U.S. Energy Information Administration, 2023 witnessed 16% of light-duty new vehicle sales as either EVs or HEVs. There is a continued increasing preference for energy-efficient transportations. As manufacturers of EVs and HEVs seek better fuel efficiency and lightweight designs, EPS systems are in greater demand. Nexteer Automotive and JTEKT, among the most prominent companies, are leading advancements in EPS technology, focusing on integration with driver-assist systems. Government policies, including incentives for electrification and domestic manufacturing under the Inflation Reduction Act, further promote this growth. The U.S. has strong automotive manufacturing capabilities and EPS innovations that are export-oriented, making the country a global leader in advanced steering solutions.

EUROPE ELECTRIC POWER STEERING MARKET ANALYSIS

Strong policies aimed at protecting the environment enable European regions thrive in electric power steering, supported by the automotive industry emphasis on sustainability. According to European Automobile Manufacturers Association (ACEA), more than 9 Million cars were made by the European Union in the year 2023 and a substantial portion of which integrate EPS systems. Germany, France, and other top countries lead innovation due to strong government-backed R&D programs. According to Eurostat, 15 percent new vehicle registrations in 2023 were electric vehicles thus contributing faster EPS adoption. State-of-the-art innovations like steer-by-wire have picked up pace, where organizations like Robert Bosch and ZF Friedrichshafen are leading the innovation process. EU legislation calling for a reduction in CO2 emissions and improvement in fuel efficiency expands the demand for EPS. Moreover, joint ventures between vehicle manufacturers and technology companies help develop highly integrated EPS solutions while promoting Europe as the new hub of environmentally friendly automotive technologies.

ASIA PACIFIC ELECTRIC POWER STEERING MARKET ANALYSIS

The Asia Pacific EPS market is growing at a fast pace, due to increased automotive production and a move toward electrification. China Association of Automobile Manufacturers estimates that 30.16 Million vehicles were produced in China in 2023, of which a high percentage were equipped with EPS systems. India is also on the rise, with Society of Indian Automobile Manufacturers reporting more than 4.1 Million passenger vehicle sales in 2023, encouraged by the incentives offered by the government through the FAME initiative. Technological collaborations like NSK collaborating with Chinese OEMs are helping innovation in cost-effective EPS solutions. The growth of electric vehicles in Japan and South Korea is adding fuel to the market growth. Investment in the Asia Pacific region in autonomous vehicle technology is improving the uptake of advanced EPS features, placing it as a prominent contributor to the global EPS market.

LATIN AMERICA ELECTRIC POWER STEERING MARKET ANALYSIS

Latin America's demand for EPS grows with its automotive market as the population purchases more cars and this industry shifts to more fuel-efficient designs. As per an industrial report, Brazil produced some 2.12 Million of vehicles in the first ten months of 2024, and mid-to-top-end models featured EPS from the production. Development is furthered through local policies that encourage cleaner automotive technologies. Companies like Nexteer and Mando have already formed partnerships with regional OEMs to upgrade their manufacturing facilities. The middle class is expanding with increasing urbanization, creating a higher level of ownership of vehicles and supporting the EPS market. Hybrid and electric vehicle programs led by the government will continue the trend towards the long-term EPS market growth in Latin America. Infrastructure investment is also increasing and will continue to increase in the market.

MIDDLE EAST AND AFRICA ELECTRIC POWER STEERING MARKET ANALYSIS

The Middle East and Africa EPS market is progressing steadily due to increased automobile production and modernization trends. CEIC points out that Saudi Arabia experienced the sale of around 758,791 vehicles in its automotive market in 2023, where EPS systems had a higher demand in the luxury and electric models. The UAE and South Africa are major contributors, though, with energy-efficient cars being their main focus for fluctuating fuel prices. Regional automotive assembly plants, such as those based in Morocco and Egypt, are adopting advanced steering systems to meet export standards. Government-backed programs to spur adoption of EVs are contributing to the demand for EPS, especially in urban areas. Companies like Nexteer will partner with local manufacturers in the region to establish their production hubs, thus establishing EPS growth in this market.

COMPETITIVE LANDSCAPE:

Key players in the market are driving the market growth through strategic innovations and collaborations aimed at enhancing product efficiency and meeting changing automotive demands. Several companies are heavily investing in research and development to improve steering technology, focusing on reducing system weight and energy consumption while enhancing overall performance. These players are also expanding their product portfolios by introducing advanced steering systems, such as dual-pinion and steer-by-wire technologies, to support the growing shift toward electric and autonomous vehicles. Partnerships and joint ventures with automotive manufacturers are further fueling the market expansion. Additionally, players are also leveraging their expertise to provide innovative solutions that meet stringent government regulations on fuel efficiency and emissions, aligning with future market demands. These factors significantly contribute to the positive electric power steering market forecast in the coming years.

The report provides a comprehensive analysis of the competitive landscape in the electric power steering market with detailed profiles of all major companies, including:

  • HELLA GmbH & Co. KGaA (Faurecia SE)
  • Hycet Technology Co. Ltd (Great Wall Motor Company Limited)
  • JTEKT Corporation
  • Mitsubishi Electric Corporation
  • Nexteer Automotive
  • NSK LTD
  • NXP Semiconductors N.V.
  • Robert Bosch GmbH
  • ThyssenKrupp AG
  • TT Electronics plc
  • ZF Friedrichshafen AG

KEY QUESTIONS ANSWERED IN THIS REPORT

1. What is electric power steering?

2. How big is the electric power steering market?

3. What is the expected growth rate of the global electric power steering market during 2026-2034?

4. What are the key factors driving the global electric power steering market?

5. What is the leading segment of the global electric power steering market based on component?

6. What is the leading segment of the global electric power steering market based on mechanism?

7. What is the leading segment of the global electric power steering market based on type?

8. What is the leading segment of the global electric power steering market based on vehicle type?

9. What are the key regions in the global electric power steering market?

10. Who are the key players/companies in the global electric power steering market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Electric Power Steering Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Component

  • 6.1 Steering Column
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Sensors
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Steering Gear
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Mechanical Rack and Pinion
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast
  • 6.5 Electronic Control Unit
    • 6.5.1 Market Trends
    • 6.5.2 Market Forecast
  • 6.6 Electric Motor
    • 6.6.1 Market Trends
    • 6.6.2 Market Forecast
  • 6.7 Others
    • 6.7.1 Market Trends
    • 6.7.2 Market Forecast

7 Market Breakup by Mechanism

  • 7.1 Rigid EPS
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Collapsible EPS
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast

8 Market Breakup by Type

  • 8.1 Rack Assist Type (REPS)
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Colum Assist Type (CEPS)
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Pinion Assist Type (PEPS)
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast

9 Market Breakup by Vehicle Type

  • 9.1 Passenger Car
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Commercial Vehicle
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast

10 Market Breakup by Region

  • 10.1 North America
    • 10.1.1 United States
      • 10.1.1.1 Market Trends
      • 10.1.1.2 Market Forecast
    • 10.1.2 Canada
      • 10.1.2.1 Market Trends
      • 10.1.2.2 Market Forecast
  • 10.2 Asia-Pacific
    • 10.2.1 China
      • 10.2.1.1 Market Trends
      • 10.2.1.2 Market Forecast
    • 10.2.2 Japan
      • 10.2.2.1 Market Trends
      • 10.2.2.2 Market Forecast
    • 10.2.3 India
      • 10.2.3.1 Market Trends
      • 10.2.3.2 Market Forecast
    • 10.2.4 South Korea
      • 10.2.4.1 Market Trends
      • 10.2.4.2 Market Forecast
    • 10.2.5 Australia
      • 10.2.5.1 Market Trends
      • 10.2.5.2 Market Forecast
    • 10.2.6 Indonesia
      • 10.2.6.1 Market Trends
      • 10.2.6.2 Market Forecast
    • 10.2.7 Others
      • 10.2.7.1 Market Trends
      • 10.2.7.2 Market Forecast
  • 10.3 Europe
    • 10.3.1 Germany
      • 10.3.1.1 Market Trends
      • 10.3.1.2 Market Forecast
    • 10.3.2 France
      • 10.3.2.1 Market Trends
      • 10.3.2.2 Market Forecast
    • 10.3.3 United Kingdom
      • 10.3.3.1 Market Trends
      • 10.3.3.2 Market Forecast
    • 10.3.4 Italy
      • 10.3.4.1 Market Trends
      • 10.3.4.2 Market Forecast
    • 10.3.5 Spain
      • 10.3.5.1 Market Trends
      • 10.3.5.2 Market Forecast
    • 10.3.6 Russia
      • 10.3.6.1 Market Trends
      • 10.3.6.2 Market Forecast
    • 10.3.7 Others
      • 10.3.7.1 Market Trends
      • 10.3.7.2 Market Forecast
  • 10.4 Latin America
    • 10.4.1 Brazil
      • 10.4.1.1 Market Trends
      • 10.4.1.2 Market Forecast
    • 10.4.2 Mexico
      • 10.4.2.1 Market Trends
      • 10.4.2.2 Market Forecast
    • 10.4.3 Others
      • 10.4.3.1 Market Trends
      • 10.4.3.2 Market Forecast
  • 10.5 Middle East and Africa
    • 10.5.1 Market Trends
    • 10.5.2 Market Breakup by Country
    • 10.5.3 Market Forecast

11 Drivers, Restraints, and Opportunities

  • 11.1 Overview
  • 11.2 Drivers
  • 11.3 Restraints
  • 11.4 Opportunities

12 Value Chain Analysis

13 Porters Five Forces Analysis

  • 13.1 Overview
  • 13.2 Bargaining Power of Buyers
  • 13.3 Bargaining Power of Suppliers
  • 13.4 Degree of Competition
  • 13.5 Threat of New Entrants
  • 13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

  • 15.1 Market Structure
  • 15.2 Key Players
  • 15.3 Profiles of Key Players
    • 15.3.1 HELLA GmbH & Co. KGaA (Faurecia SE)
      • 15.3.1.1 Company Overview
      • 15.3.1.2 Product Portfolio
      • 15.3.1.3 Financials
    • 15.3.2 Hycet Technology Co. Ltd (Great Wall Motor Company Limited)
      • 15.3.2.1 Company Overview
      • 15.3.2.2 Product Portfolio
    • 15.3.3 JTEKT Corporation
      • 15.3.3.1 Company Overview
      • 15.3.3.2 Product Portfolio
      • 15.3.3.3 Financials
      • 15.3.3.4 SWOT Analysis
    • 15.3.4 Mitsubishi Electric Corporation
      • 15.3.4.1 Company Overview
      • 15.3.4.2 Product Portfolio
      • 15.3.4.3 Financials
      • 15.3.4.4 SWOT Analysis
    • 15.3.5 Nexteer Automotive
      • 15.3.5.1 Company Overview
      • 15.3.5.2 Product Portfolio
      • 15.3.5.3 SWOT Analysis
    • 15.3.6 NSK LTD
      • 15.3.6.1 Company Overview
      • 15.3.6.2 Product Portfolio
      • 15.3.6.3 Financials
      • 15.3.6.4 SWOT Analysis
    • 15.3.7 NXP Semiconductors N.V.
      • 15.3.7.1 Company Overview
      • 15.3.7.2 Product Portfolio
      • 15.3.7.3 Financials
      • 15.3.7.4 SWOT Analysis
    • 15.3.8 Robert Bosch GmbH
      • 15.3.8.1 Company Overview
      • 15.3.8.2 Product Portfolio
      • 15.3.8.3 SWOT Analysis
    • 15.3.9 ThyssenKrupp AG
      • 15.3.9.1 Company Overview
      • 15.3.9.2 Product Portfolio
      • 15.3.9.3 Financials
      • 15.3.9.4 SWOT Analysis
    • 15.3.10 TT Electronics plc
      • 15.3.10.1 Company Overview
      • 15.3.10.2 Product Portfolio
      • 15.3.10.3 Financials
    • 15.3.11 ZF Friedrichshafen AG
      • 15.3.11.1 Company Overview
      • 15.3.11.2 Product Portfolio
      • 15.3.11.3 SWOT Analysis

List of Figures

  • Figure 1: Global: Electric Power Steering Market: Major Drivers and Challenges
  • Figure 2: Global: Electric Power Steering Market: Sales Value (in Billion USD), 2020-2025
  • Figure 3: Global: Electric Power Steering Market Forecast: Sales Value (in Billion USD), 2026-2034
  • Figure 4: Global: Electric Power Steering Market: Breakup by Component (in %), 2025
  • Figure 5: Global: Electric Power Steering Market: Breakup by Mechanism (in %), 2025
  • Figure 6: Global: Electric Power Steering Market: Breakup by Type (in %), 2025
  • Figure 7: Global: Electric Power Steering Market: Breakup by Vehicle Type (in %), 2025
  • Figure 8: Global: Electric Power Steering Market: Breakup by Region (in %), 2025
  • Figure 9: Global: Electric Power Steering (Steering column) Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 10: Global: Electric Power Steering (Steering column) Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 11: Global: Electric Power Steering (Sensors) Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 12: Global: Electric Power Steering (Sensors) Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 13: Global: Electric Power Steering (Steering Gear) Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 14: Global: Electric Power Steering (Steering Gear) Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 15: Global: Electric Power Steering (Mechanical Rack and Pinion) Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 16: Global: Electric Power Steering (Mechanical Rack and Pinion) Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 17: Global: Electric Power Steering (Electronic Control Unit) Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 18: Global: Electric Power Steering (Electronic Control Unit) Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 19: Global: Electric Power Steering (Electric Motor) Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 20: Global: Electric Power Steering (Electric Motor) Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 21: Global: Electric Power Steering (Other Components) Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 22: Global: Electric Power Steering (Other Components) Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 23: Global: Electric Power Steering (Rigid EPS) Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 24: Global: Electric Power Steering (Rigid EPS) Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 25: Global: Electric Power Steering (Collapsible EPS) Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 26: Global: Electric Power Steering (Collapsible EPS) Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 27: Global: Electric Power Steering (Rack Assist Type (REPS)) Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 28: Global: Electric Power Steering (Rack Assist Type (REPS)) Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 29: Global: Electric Power Steering (Colum Assist Type (CEPS)) Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 30: Global: Electric Power Steering (Colum Assist Type (CEPS)) Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 31: Global: Electric Power Steering (Pinion Assist Type (PEPS)) Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 32: Global: Electric Power Steering (Pinion Assist Type (PEPS)) Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 33: Global: Electric Power Steering (Passenger Car) Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 34: Global: Electric Power Steering (Passenger Car) Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 35: Global: Electric Power Steering (Commercial Vehicle) Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 36: Global: Electric Power Steering (Commercial Vehicle) Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 37: North America: Electric Power Steering Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 38: North America: Electric Power Steering Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 39: United States: Electric Power Steering Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 40: United States: Electric Power Steering Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 41: Canada: Electric Power Steering Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 42: Canada: Electric Power Steering Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 43: Asia-Pacific: Electric Power Steering Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 44: Asia-Pacific: Electric Power Steering Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 45: China: Electric Power Steering Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 46: China: Electric Power Steering Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 47: Japan: Electric Power Steering Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 48: Japan: Electric Power Steering Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 49: India: Electric Power Steering Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 50: India: Electric Power Steering Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 51: South Korea: Electric Power Steering Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 52: South Korea: Electric Power Steering Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 53: Australia: Electric Power Steering Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 54: Australia: Electric Power Steering Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 55: Indonesia: Electric Power Steering Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 56: Indonesia: Electric Power Steering Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 57: Others: Electric Power Steering Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 58: Others: Electric Power Steering Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 59: Europe: Electric Power Steering Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 60: Europe: Electric Power Steering Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 61: Germany: Electric Power Steering Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 62: Germany: Electric Power Steering Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 63: France: Electric Power Steering Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 64: France: Electric Power Steering Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 65: United Kingdom: Electric Power Steering Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 66: United Kingdom: Electric Power Steering Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 67: Italy: Electric Power Steering Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 68: Italy: Electric Power Steering Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 69: Spain: Electric Power Steering Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 70: Spain: Electric Power Steering Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 71: Russia: Electric Power Steering Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 72: Russia: Electric Power Steering Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 73: Others: Electric Power Steering Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 74: Others: Electric Power Steering Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 75: Latin America: Electric Power Steering Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 76: Latin America: Electric Power Steering Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 77: Brazil: Electric Power Steering Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 78: Brazil: Electric Power Steering Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 79: Mexico: Electric Power Steering Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 80: Mexico: Electric Power Steering Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 81: Others: Electric Power Steering Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 82: Others: Electric Power Steering Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 83: Middle East and Africa: Electric Power Steering Market: Sales Value (in Million USD), 2020 & 2025
  • Figure 84: Middle East and Africa: Electric Power Steering Market: Breakup by Country (in %), 2025
  • Figure 85: Middle East and Africa: Electric Power Steering Market Forecast: Sales Value (in Million USD), 2026-2034
  • Figure 86: Global: Electric Power Steering Industry: Drivers, Restraints, and Opportunities
  • Figure 87: Global: Electric Power Steering Industry: Value Chain Analysis
  • Figure 88: Global: Electric Power Steering Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Electric Power Steering Market: Key Industry Highlights, 2025 & 2034
  • Table 2: Global: Electric Power Steering Market Forecast: Breakup by Component (in Million USD), 2026-2034
  • Table 3: Global: Electric Power Steering Market Forecast: Breakup by Mechanism (in Million USD), 2026-2034
  • Table 4: Global: Electric Power Steering Market Forecast: Breakup by Type (in Million USD), 2026-2034
  • Table 5: Global: Electric Power Steering Market Forecast: Breakup by Vehicle Type (in Million USD), 2026-2034
  • Table 6: Global: Electric Power Steering Market Forecast: Breakup by Region (in Million USD), 2026-2034
  • Table 7: Global: Electric Power Steering Market: Competitive Structure
  • Table 8: Global: Electric Power Steering Market: Key Players