The global market for Automotive Electric Power Steering was estimated to be worth US$ 18321 million in 2024 and is forecast to a readjusted size of US$ 21663 million by 2031 with a CAGR of 2.2% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Automotive Electric Power Steering cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
In 2024, global Automotive Electric Power Steering production reached approximately 74.32 million units, with an average global market price of around US$ 247 per unit.
Automotive Electric Power Steering (EPS) is a system that assists the driver in steering the vehicle by using an electric motor instead of a traditional hydraulic pump. It adjusts the level of steering assistance based on vehicle speed and driving conditions, enhancing both control and fuel efficiency. EPS systems typically include components such as an electric motor, control unit, torque sensors, and steering gear, allowing for more precise and responsive handling.
The automotive electric power steering market represents a key segment in the broader automotive components industry, closely linked to trends in vehicle electrification, safety regulations, and driver assistance technologies. As automotive manufacturers seek to reduce fuel consumption and emissions, EPS systems have increasingly replaced hydraulic systems due to their superior efficiency and ease of integration with electronic control units. EPS not only supports steering but also enables features such as lane-keeping assist, automatic parking, and advanced driver assistance systems (ADAS). The market is driven by the growing demand for intelligent steering solutions in both internal combustion engine vehicles and electric vehicles. In addition, the need for weight reduction, lower maintenance costs, and enhanced driving experience further promotes the adoption of EPS across various vehicle segments. With continuous advancements in sensor technology and software algorithms, EPS systems are expected to play an even more central role in the transition to autonomous and semi-autonomous vehicles.
This report aims to provide a comprehensive presentation of the global market for Automotive Electric Power Steering, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Automotive Electric Power Steering by region & country, by Type, and by Application.
The Automotive Electric Power Steering market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Electric Power Steering.
Market Segmentation
By Company
- JTEKT
- Bosch
- Nexteer
- ZF
- NSK
- Hitachi Astemo
- Hyundai Mobis
- Thyssenkrupp
- HL Mando
- CAAS
- Zhuzhou Elite
- Yubei
- Zhejiang Shibao
Segment by Type
Segment by Application
- Passenger Car
- Commercial Vehicle
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Automotive Electric Power Steering manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Automotive Electric Power Steering in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Automotive Electric Power Steering in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Automotive Electric Power Steering Product Introduction
- 1.2 Global Automotive Electric Power Steering Market Size Forecast
- 1.2.1 Global Automotive Electric Power Steering Sales Value (2020-2031)
- 1.2.2 Global Automotive Electric Power Steering Sales Volume (2020-2031)
- 1.2.3 Global Automotive Electric Power Steering Sales Price (2020-2031)
- 1.3 Automotive Electric Power Steering Market Trends & Drivers
- 1.3.1 Automotive Electric Power Steering Industry Trends
- 1.3.2 Automotive Electric Power Steering Market Drivers & Opportunity
- 1.3.3 Automotive Electric Power Steering Market Challenges
- 1.3.4 Automotive Electric Power Steering Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Automotive Electric Power Steering Players Revenue Ranking (2024)
- 2.2 Global Automotive Electric Power Steering Revenue by Company (2020-2025)
- 2.3 Global Automotive Electric Power Steering Players Sales Volume Ranking (2024)
- 2.4 Global Automotive Electric Power Steering Sales Volume by Company Players (2020-2025)
- 2.5 Global Automotive Electric Power Steering Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Automotive Electric Power Steering Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Automotive Electric Power Steering Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of Automotive Electric Power Steering
- 2.9 Automotive Electric Power Steering Market Competitive Analysis
- 2.9.1 Automotive Electric Power Steering Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by Automotive Electric Power Steering Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Automotive Electric Power Steering as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 C-EPS
- 3.1.2 P-EPS
- 3.1.3 DP-EPS
- 3.1.4 R-EPS
- 3.2 Global Automotive Electric Power Steering Sales Value by Type
- 3.2.1 Global Automotive Electric Power Steering Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Automotive Electric Power Steering Sales Value, by Type (2020-2031)
- 3.2.3 Global Automotive Electric Power Steering Sales Value, by Type (%) (2020-2031)
- 3.3 Global Automotive Electric Power Steering Sales Volume by Type
- 3.3.1 Global Automotive Electric Power Steering Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global Automotive Electric Power Steering Sales Volume, by Type (2020-2031)
- 3.3.3 Global Automotive Electric Power Steering Sales Volume, by Type (%) (2020-2031)
- 3.4 Global Automotive Electric Power Steering Average Price by Type (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Passenger Car
- 4.1.2 Commercial Vehicle
- 4.2 Global Automotive Electric Power Steering Sales Value by Application
- 4.2.1 Global Automotive Electric Power Steering Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Automotive Electric Power Steering Sales Value, by Application (2020-2031)
- 4.2.3 Global Automotive Electric Power Steering Sales Value, by Application (%) (2020-2031)
- 4.3 Global Automotive Electric Power Steering Sales Volume by Application
- 4.3.1 Global Automotive Electric Power Steering Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global Automotive Electric Power Steering Sales Volume, by Application (2020-2031)
- 4.3.3 Global Automotive Electric Power Steering Sales Volume, by Application (%) (2020-2031)
- 4.4 Global Automotive Electric Power Steering Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global Automotive Electric Power Steering Sales Value by Region
- 5.1.1 Global Automotive Electric Power Steering Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Automotive Electric Power Steering Sales Value by Region (2020-2025)
- 5.1.3 Global Automotive Electric Power Steering Sales Value by Region (2026-2031)
- 5.1.4 Global Automotive Electric Power Steering Sales Value by Region (%), (2020-2031)
- 5.2 Global Automotive Electric Power Steering Sales Volume by Region
- 5.2.1 Global Automotive Electric Power Steering Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global Automotive Electric Power Steering Sales Volume by Region (2020-2025)
- 5.2.3 Global Automotive Electric Power Steering Sales Volume by Region (2026-2031)
- 5.2.4 Global Automotive Electric Power Steering Sales Volume by Region (%), (2020-2031)
- 5.3 Global Automotive Electric Power Steering Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America Automotive Electric Power Steering Sales Value, 2020-2031
- 5.4.2 North America Automotive Electric Power Steering Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe Automotive Electric Power Steering Sales Value, 2020-2031
- 5.5.2 Europe Automotive Electric Power Steering Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific Automotive Electric Power Steering Sales Value, 2020-2031
- 5.6.2 Asia Pacific Automotive Electric Power Steering Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America Automotive Electric Power Steering Sales Value, 2020-2031
- 5.7.2 South America Automotive Electric Power Steering Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa Automotive Electric Power Steering Sales Value, 2020-2031
- 5.8.2 Middle East & Africa Automotive Electric Power Steering Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Automotive Electric Power Steering Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Automotive Electric Power Steering Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions Automotive Electric Power Steering Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions Automotive Electric Power Steering Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States Automotive Electric Power Steering Sales Value, 2020-2031
- 6.3.2 United States Automotive Electric Power Steering Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Automotive Electric Power Steering Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Automotive Electric Power Steering Sales Value, 2020-2031
- 6.4.2 Europe Automotive Electric Power Steering Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Automotive Electric Power Steering Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Automotive Electric Power Steering Sales Value, 2020-2031
- 6.5.2 China Automotive Electric Power Steering Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Automotive Electric Power Steering Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Automotive Electric Power Steering Sales Value, 2020-2031
- 6.6.2 Japan Automotive Electric Power Steering Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Automotive Electric Power Steering Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Automotive Electric Power Steering Sales Value, 2020-2031
- 6.7.2 South Korea Automotive Electric Power Steering Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Automotive Electric Power Steering Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Automotive Electric Power Steering Sales Value, 2020-2031
- 6.8.2 Southeast Asia Automotive Electric Power Steering Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Automotive Electric Power Steering Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Automotive Electric Power Steering Sales Value, 2020-2031
- 6.9.2 India Automotive Electric Power Steering Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Automotive Electric Power Steering Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 JTEKT
- 7.1.1 JTEKT Company Information
- 7.1.2 JTEKT Introduction and Business Overview
- 7.1.3 JTEKT Automotive Electric Power Steering Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 JTEKT Automotive Electric Power Steering Product Offerings
- 7.1.5 JTEKT Recent Development
- 7.2 Bosch
- 7.2.1 Bosch Company Information
- 7.2.2 Bosch Introduction and Business Overview
- 7.2.3 Bosch Automotive Electric Power Steering Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 Bosch Automotive Electric Power Steering Product Offerings
- 7.2.5 Bosch Recent Development
- 7.3 Nexteer
- 7.3.1 Nexteer Company Information
- 7.3.2 Nexteer Introduction and Business Overview
- 7.3.3 Nexteer Automotive Electric Power Steering Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 Nexteer Automotive Electric Power Steering Product Offerings
- 7.3.5 Nexteer Recent Development
- 7.4 ZF
- 7.4.1 ZF Company Information
- 7.4.2 ZF Introduction and Business Overview
- 7.4.3 ZF Automotive Electric Power Steering Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 ZF Automotive Electric Power Steering Product Offerings
- 7.4.5 ZF Recent Development
- 7.5 NSK
- 7.5.1 NSK Company Information
- 7.5.2 NSK Introduction and Business Overview
- 7.5.3 NSK Automotive Electric Power Steering Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 NSK Automotive Electric Power Steering Product Offerings
- 7.5.5 NSK Recent Development
- 7.6 Hitachi Astemo
- 7.6.1 Hitachi Astemo Company Information
- 7.6.2 Hitachi Astemo Introduction and Business Overview
- 7.6.3 Hitachi Astemo Automotive Electric Power Steering Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 Hitachi Astemo Automotive Electric Power Steering Product Offerings
- 7.6.5 Hitachi Astemo Recent Development
- 7.7 Hyundai Mobis
- 7.7.1 Hyundai Mobis Company Information
- 7.7.2 Hyundai Mobis Introduction and Business Overview
- 7.7.3 Hyundai Mobis Automotive Electric Power Steering Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 Hyundai Mobis Automotive Electric Power Steering Product Offerings
- 7.7.5 Hyundai Mobis Recent Development
- 7.8 Thyssenkrupp
- 7.8.1 Thyssenkrupp Company Information
- 7.8.2 Thyssenkrupp Introduction and Business Overview
- 7.8.3 Thyssenkrupp Automotive Electric Power Steering Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 Thyssenkrupp Automotive Electric Power Steering Product Offerings
- 7.8.5 Thyssenkrupp Recent Development
- 7.9 HL Mando
- 7.9.1 HL Mando Company Information
- 7.9.2 HL Mando Introduction and Business Overview
- 7.9.3 HL Mando Automotive Electric Power Steering Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.9.4 HL Mando Automotive Electric Power Steering Product Offerings
- 7.9.5 HL Mando Recent Development
- 7.10 CAAS
- 7.10.1 CAAS Company Information
- 7.10.2 CAAS Introduction and Business Overview
- 7.10.3 CAAS Automotive Electric Power Steering Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.10.4 CAAS Automotive Electric Power Steering Product Offerings
- 7.10.5 CAAS Recent Development
- 7.11 Zhuzhou Elite
- 7.11.1 Zhuzhou Elite Company Information
- 7.11.2 Zhuzhou Elite Introduction and Business Overview
- 7.11.3 Zhuzhou Elite Automotive Electric Power Steering Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.11.4 Zhuzhou Elite Automotive Electric Power Steering Product Offerings
- 7.11.5 Zhuzhou Elite Recent Development
- 7.12 Yubei
- 7.12.1 Yubei Company Information
- 7.12.2 Yubei Introduction and Business Overview
- 7.12.3 Yubei Automotive Electric Power Steering Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.12.4 Yubei Automotive Electric Power Steering Product Offerings
- 7.12.5 Yubei Recent Development
- 7.13 Zhejiang Shibao
- 7.13.1 Zhejiang Shibao Company Information
- 7.13.2 Zhejiang Shibao Introduction and Business Overview
- 7.13.3 Zhejiang Shibao Automotive Electric Power Steering Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.13.4 Zhejiang Shibao Automotive Electric Power Steering Product Offerings
- 7.13.5 Zhejiang Shibao Recent Development
8 Industry Chain Analysis
- 8.1 Automotive Electric Power Steering Industrial Chain
- 8.2 Automotive Electric Power Steering Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Automotive Electric Power Steering Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Automotive Electric Power Steering Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer