Global Electric Power Steering Market (2025-2031) | Challenges, Strategic Insights, Segmentation, Companies, Share, Restraints, Competition, Outlook, Analysis, Revenue, Growth, Investment Trends, Demand, Competitive, Drivers, Size, Forecast, Pricing Analysis, Supply, Trends, Consumer Insights, Industry, Segments, Value, Strategy, Opportunities

Market Forecast by Regions and Countries (North America, Europe, LATAM, Middle East, Asia and Africa), By Type (CEPS, PEPS, REPS), By Mechanism (Collapsible, Rigid), By Off-Highway (Construction, Agricultural), By Components (Steering column, Sensors, Steering gear, Mechanical rack and pinion, Electronic control unit, Electric motor, Bearing), By Electric Motor (Brush motor, Brushless motor), By Application (Passenger Cars (PC), Commercial Vehicles (CV)) And Competitive Landscape
Product Code: ETC13410747 Publication Date: Apr 2025 Updated Date: Jul 2025 Product Type: Market Research Report
Publisher: 6Wresearch Author: Sumit Sagar No. of Pages: 190 No. of Figures: 80 No. of Tables: 40

Global Electric Power Steering Market Size & Growth Rate

According to 6Wresearch internal database and industry insights, the Global Electric Power Steering Market was valued at USD 24.8 Billion in 2024 and is expected to reach USD 37.1 Billion by 2031, growing at a compound annual growth rate of 5.40% during the forecast period (2025-2031).

Global Electric Power Steering Market Overview

The Global Electric Power Steering Market is experiencing significant growth driven by factors such as the increasing demand for fuel-efficient vehicles, advancements in automotive technology, and the rising trend of vehicle electrification. Electric power steering systems offer improved fuel efficiency, enhanced vehicle performance, and better driving experience compared to traditional hydraulic systems. The market is witnessing a shift towards the adoption of electric power steering systems due to their lighter weight, lower maintenance requirements, and compatibility with advanced driver assistance systems. Major players in the market are focusing on developing innovative solutions to meet the evolving needs of the automotive industry. Geographically, Asia Pacific is expected to dominate the market due to the presence of key automotive manufacturers and the growing demand for electric vehicles in countries like China and Japan.

Global Electric Power Steering Market Trends and Opportunities

The Global Electric Power Steering Market is experiencing a surge in demand due to the increasing focus on vehicle safety, fuel efficiency, and driver assistance systems. The shift towards electric power steering systems from traditional hydraulic systems is a key trend driving market growth, as electric systems offer better performance, energy efficiency, and integration with advanced driver assistance systems. Additionally, the rise in production of electric vehicles and the growing adoption of autonomous vehicles are creating significant opportunities for market expansion. Companies are investing in research and development to enhance the capabilities of electric power steering systems, such as improved responsiveness and self-driving functionalities. Overall, the Global Electric Power Steering Market is poised for substantial growth as automotive manufacturers prioritize innovation and sustainability in their products.

Global Electric Power Steering Market Challenges

The Global Electric Power Steering Market faces several challenges, including the increasing complexity of automotive systems requiring advanced technology and integration capabilities, the high initial cost of electric power steering systems compared to traditional hydraulic systems, and the need for continuous research and development to enhance performance and efficiency. Additionally, factors such as fluctuations in raw material prices, stringent government regulations related to emissions and fuel efficiency, and the impact of the COVID-19 pandemic on the automotive industry have posed challenges for the market. Manufacturers also need to address issues related to cybersecurity and data protection as vehicles become more connected and autonomous. Overcoming these challenges will require innovation, collaboration, and strategic planning to meet the evolving demands of the automotive sector and ensure the growth of the electric power steering market.

Global Electric Power Steering Market Drivers

The Global Electric Power Steering Market is primarily driven by the increasing demand for fuel-efficient vehicles, as electric power steering systems are more energy-efficient compared to traditional hydraulic systems. Additionally, the growing trend towards vehicle electrification and the integration of advanced driver assistance systems (ADAS) are boosting the adoption of electric power steering technology. The shift towards autonomous driving technologies and the focus on enhancing vehicle safety and performance are also key drivers of market growth. Furthermore, electric power steering systems offer improved handling, steering control, and overall driving experience, which is further fueling their demand in the automotive industry. The expansion of the electric vehicles market and the stringent regulations regarding vehicle emissions are expected to further propel the growth of the Global Electric Power Steering Market.

Global Electric Power Steering Market Government Policy

Government policies related to the Global Electric Power Steering Market primarily focus on promoting energy efficiency and reducing emissions. Many countries have implemented regulations mandating the use of electric power steering systems in vehicles to improve fuel efficiency and reduce reliance on traditional hydraulic systems. Additionally, there are stringent emission standards in place that encourage the adoption of electric power steering technology to help automakers meet these requirements. Governments also offer incentives and subsidies to manufacturers and consumers to promote the development and adoption of electric power steering systems, further driving market growth. Overall, these policies aim to enhance sustainability in the automotive industry by encouraging the transition to more environmentally friendly power steering solutions.

Global Electric Power Steering Market Future Outlook

The Global Electric Power Steering Market is expected to witness significant growth in the coming years due to increasing demand for fuel-efficient vehicles and advancements in automotive technology. Factors such as improved driving experience, easier maneuverability, and reduced energy consumption are driving the adoption of electric power steering systems. Additionally, the rise in electric vehicles and autonomous driving technologies is further propelling the market growth. With a shift towards electric power steering systems from traditional hydraulic systems, the market is anticipated to expand rapidly. Furthermore, the integration of sensors and control units in electric power steering systems for enhanced safety and performance is expected to drive innovation and market growth in the foreseeable future.

Global Electric Power Steering Market Regional Insights

In the Global Electric Power Steering Market, Asia is expected to witness significant growth due to the increasing automotive production and demand for fuel-efficient vehicles in countries like China, Japan, and India. North America is projected to dominate the market, driven by the presence of major automotive manufacturers and technological advancements in electric power steering systems. Europe is also a key market, with stringent regulations promoting the adoption of electric power steering for improved fuel efficiency. The Middle East and Africa region is witnessing a gradual shift towards electric power steering systems, especially in luxury vehicle segments. Latin America is expected to experience steady growth due to the rising demand for passenger cars and commercial vehicles equipped with electric power steering technology.

Key Highlights of the Report:

  • Global Electric Power Steering Market Outlook
  • Market Size of Global Electric Power Steering Market, 2024
  • Forecast of Global Electric Power Steering Market, 2031
  • Historical Data and Forecast of Global Electric Power Steering Revenues & Volume for the Period 2021 - 2031
  • Global Electric Power Steering Market Trend Evolution
  • Global Electric Power Steering Market Drivers and Challenges
  • Global Electric Power Steering Price Trends
  • Global Electric Power Steering Porter's Five Forces
  • Global Electric Power Steering Industry Life Cycle
  • Historical Data and Forecast of Global Electric Power Steering Market Revenues & Volume
  • Historical Data and Forecast of Global Electric Power Steering Market Revenues & Volume By Type for the Period 2021 - 2031
  • Historical Data and Forecast of Global Electric Power Steering Market Revenues & Volume By CEPS for the Period 2021 - 2031
  • Historical Data and Forecast of Global Electric Power Steering Market Revenues & Volume By PEPS for the Period 2021 - 2031
  • Historical Data and Forecast of Global Electric Power Steering Market Revenues & Volume By REPS for the Period 2021 - 2031
  • Historical Data and Forecast of Global Electric Power Steering Market Revenues & Volume By Mechanism for the Period 2021 - 2031
  • Historical Data and Forecast of Global Electric Power Steering Market Revenues & Volume By Collapsible for the Period 2021 - 2031
  • Historical Data and Forecast of Global Electric Power Steering Market Revenues & Volume By Rigid for the Period 2021 - 2031
  • Historical Data and Forecast of Global Electric Power Steering Market Revenues & Volume By Off-Highway for the Period 2021 - 2031
  • Historical Data and Forecast of Global Electric Power Steering Market Revenues & Volume By Construction for the Period 2021 - 2031
  • Historical Data and Forecast of Global Electric Power Steering Market Revenues & Volume By Agricultural for the Period 2021 - 2031
  • Historical Data and Forecast of Global Electric Power Steering Market Revenues & Volume By Components for the Period 2021 - 2031
  • Historical Data and Forecast of Global Electric Power Steering Market Revenues & Volume By Steering column for the Period 2021 - 2031
  • Historical Data and Forecast of Global Electric Power Steering Market Revenues & Volume By Sensors for the Period 2021 - 2031
  • Historical Data and Forecast of Global Electric Power Steering Market Revenues & Volume By Steering gear for the Period 2021 - 2031
  • Historical Data and Forecast of Global Electric Power Steering Market Revenues & Volume By Mechanical rack and pinion for the Period 2021 - 2031
  • Historical Data and Forecast of Global Electric Power Steering Market Revenues & Volume By Electronic control unit for the Period 2021 - 2031
  • Historical Data and Forecast of Global Electric Power Steering Market Revenues & Volume By Electric motor for the Period 2021 - 2031
  • Historical Data and Forecast of Global Electric Power Steering Market Revenues & Volume By Bearing for the Period 2021 - 2031
  • Historical Data and Forecast of Global Electric Power Steering Market Revenues & Volume By Electric Motor for the Period 2021 - 2031
  • Historical Data and Forecast of Global Electric Power Steering Market Revenues & Volume By Brush motor for the Period 2021 - 2031
  • Historical Data and Forecast of Global Electric Power Steering Market Revenues & Volume By Brushless motor for the Period 2021 - 2031
  • Historical Data and Forecast of Global Electric Power Steering Market Revenues & Volume By Application for the Period 2021 - 2031
  • Historical Data and Forecast of Global Electric Power Steering Market Revenues & Volume By Passenger Cars (PC) for the Period 2021 - 2031
  • Historical Data and Forecast of Global Electric Power Steering Market Revenues & Volume By Commercial Vehicles (CV) for the Period 2021 - 2031
  • Historical Data and Forecast of North America Electric Power Steering Market Revenues & Volume By Type for the Period 2021 - 2031
  • Historical Data and Forecast of North America Electric Power Steering Market Revenues & Volume By CEPS for the Period 2021 - 2031
  • Historical Data and Forecast of North America Electric Power Steering Market Revenues & Volume By PEPS for the Period 2021 - 2031
  • Historical Data and Forecast of North America Electric Power Steering Market Revenues & Volume By REPS for the Period 2021 - 2031
  • Historical Data and Forecast of North America Electric Power Steering Market Revenues & Volume By Mechanism for the Period 2021 - 2031
  • Historical Data and Forecast of North America Electric Power Steering Market Revenues & Volume By Collapsible for the Period 2021 - 2031
  • Historical Data and Forecast of North America Electric Power Steering Market Revenues & Volume By Rigid for the Period 2021 - 2031
  • Historical Data and Forecast of North America Electric Power Steering Market Revenues & Volume By Off-Highway for the Period 2021 - 2031
  • Historical Data and Forecast of North America Electric Power Steering Market Revenues & Volume By Construction for the Period 2021 - 2031
  • Historical Data and Forecast of North America Electric Power Steering Market Revenues & Volume By Agricultural for the Period 2021 - 2031
  • Historical Data and Forecast of North America Electric Power Steering Market Revenues & Volume By Components for the Period 2021 - 2031
  • Historical Data and Forecast of North America Electric Power Steering Market Revenues & Volume By Steering column for the Period 2021 - 2031
  • Historical Data and Forecast of North America Electric Power Steering Market Revenues & Volume By Sensors for the Period 2021 - 2031
  • Historical Data and Forecast of North America Electric Power Steering Market Revenues & Volume By Steering gear for the Period 2021 - 2031
  • Historical Data and Forecast of North America Electric Power Steering Market Revenues & Volume By Mechanical rack and pinion for the Period 2021 - 2031
  • Historical Data and Forecast of North America Electric Power Steering Market Revenues & Volume By Electronic control unit for the Period 2021 - 2031
  • Historical Data and Forecast of North America Electric Power Steering Market Revenues & Volume By Electric motor for the Period 2021 - 2031
  • Historical Data and Forecast of North America Electric Power Steering Market Revenues & Volume By Bearing for the Period 2021 - 2031
  • Historical Data and Forecast of North America Electric Power Steering Market Revenues & Volume By Electric Motor for the Period 2021 - 2031
  • Historical Data and Forecast of North America Electric Power Steering Market Revenues & Volume By Brush motor for the Period 2021 - 2031
  • Historical Data and Forecast of North America Electric Power Steering Market Revenues & Volume By Brushless motor for the Period 2021 - 2031
  • Historical Data and Forecast of North America Electric Power Steering Market Revenues & Volume By Application for the Period 2021 - 2031
  • Historical Data and Forecast of North America Electric Power Steering Market Revenues & Volume By Passenger Cars (PC) for the Period 2021 - 2031
  • Historical Data and Forecast of North America Electric Power Steering Market Revenues & Volume By Commercial Vehicles (CV) for the Period 2021 - 2031
  • Historical Data and Forecast of United States of America Electric Power Steering Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Canada Electric Power Steering Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of North America Electric Power Steering Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Electric Power Steering Market Revenues & Volume By Type for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Electric Power Steering Market Revenues & Volume By CEPS for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Electric Power Steering Market Revenues & Volume By PEPS for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Electric Power Steering Market Revenues & Volume By REPS for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Electric Power Steering Market Revenues & Volume By Mechanism for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Electric Power Steering Market Revenues & Volume By Collapsible for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Electric Power Steering Market Revenues & Volume By Rigid for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Electric Power Steering Market Revenues & Volume By Off-Highway for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Electric Power Steering Market Revenues & Volume By Construction for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Electric Power Steering Market Revenues & Volume By Agricultural for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Electric Power Steering Market Revenues & Volume By Components for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Electric Power Steering Market Revenues & Volume By Steering column for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Electric Power Steering Market Revenues & Volume By Sensors for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Electric Power Steering Market Revenues & Volume By Steering gear for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Electric Power Steering Market Revenues & Volume By Mechanical rack and pinion for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Electric Power Steering Market Revenues & Volume By Electronic control unit for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Electric Power Steering Market Revenues & Volume By Electric motor for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Electric Power Steering Market Revenues & Volume By Bearing for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Electric Power Steering Market Revenues & Volume By Electric Motor for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Electric Power Steering Market Revenues & Volume By Brush motor for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Electric Power Steering Market Revenues & Volume By Brushless motor for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Electric Power Steering Market Revenues & Volume By Application for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Electric Power Steering Market Revenues & Volume By Passenger Cars (PC) for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Electric Power Steering Market Revenues & Volume By Commercial Vehicles (CV) for the Period 2021 - 2031
  • Historical Data and Forecast of Brazil Electric Power Steering Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Mexico Electric Power Steering Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Argentina Electric Power Steering Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of LATAM Electric Power Steering Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Electric Power Steering Market Revenues & Volume By Type for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Electric Power Steering Market Revenues & Volume By CEPS for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Electric Power Steering Market Revenues & Volume By PEPS for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Electric Power Steering Market Revenues & Volume By REPS for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Electric Power Steering Market Revenues & Volume By Mechanism for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Electric Power Steering Market Revenues & Volume By Collapsible for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Electric Power Steering Market Revenues & Volume By Rigid for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Electric Power Steering Market Revenues & Volume By Off-Highway for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Electric Power Steering Market Revenues & Volume By Construction for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Electric Power Steering Market Revenues & Volume By Agricultural for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Electric Power Steering Market Revenues & Volume By Components for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Electric Power Steering Market Revenues & Volume By Steering column for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Electric Power Steering Market Revenues & Volume By Sensors for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Electric Power Steering Market Revenues & Volume By Steering gear for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Electric Power Steering Market Revenues & Volume By Mechanical rack and pinion for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Electric Power Steering Market Revenues & Volume By Electronic control unit for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Electric Power Steering Market Revenues & Volume By Electric motor for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Electric Power Steering Market Revenues & Volume By Bearing for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Electric Power Steering Market Revenues & Volume By Electric Motor for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Electric Power Steering Market Revenues & Volume By Brush motor for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Electric Power Steering Market Revenues & Volume By Brushless motor for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Electric Power Steering Market Revenues & Volume By Application for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Electric Power Steering Market Revenues & Volume By Passenger Cars (PC) for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Electric Power Steering Market Revenues & Volume By Commercial Vehicles (CV) for the Period 2021 - 2031
  • Historical Data and Forecast of China Electric Power Steering Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of India Electric Power Steering Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Japan Electric Power Steering Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of Asia Electric Power Steering Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Electric Power Steering Market Revenues & Volume By Type for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Electric Power Steering Market Revenues & Volume By CEPS for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Electric Power Steering Market Revenues & Volume By PEPS for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Electric Power Steering Market Revenues & Volume By REPS for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Electric Power Steering Market Revenues & Volume By Mechanism for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Electric Power Steering Market Revenues & Volume By Collapsible for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Electric Power Steering Market Revenues & Volume By Rigid for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Electric Power Steering Market Revenues & Volume By Off-Highway for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Electric Power Steering Market Revenues & Volume By Construction for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Electric Power Steering Market Revenues & Volume By Agricultural for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Electric Power Steering Market Revenues & Volume By Components for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Electric Power Steering Market Revenues & Volume By Steering column for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Electric Power Steering Market Revenues & Volume By Sensors for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Electric Power Steering Market Revenues & Volume By Steering gear for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Electric Power Steering Market Revenues & Volume By Mechanical rack and pinion for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Electric Power Steering Market Revenues & Volume By Electronic control unit for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Electric Power Steering Market Revenues & Volume By Electric motor for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Electric Power Steering Market Revenues & Volume By Bearing for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Electric Power Steering Market Revenues & Volume By Electric Motor for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Electric Power Steering Market Revenues & Volume By Brush motor for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Electric Power Steering Market Revenues & Volume By Brushless motor for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Electric Power Steering Market Revenues & Volume By Application for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Electric Power Steering Market Revenues & Volume By Passenger Cars (PC) for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Electric Power Steering Market Revenues & Volume By Commercial Vehicles (CV) for the Period 2021 - 2031
  • Historical Data and Forecast of South Africa Electric Power Steering Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Nigeria Electric Power Steering Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Egypt Electric Power Steering Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of Africa Electric Power Steering Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Electric Power Steering Market Revenues & Volume By Type for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Electric Power Steering Market Revenues & Volume By CEPS for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Electric Power Steering Market Revenues & Volume By PEPS for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Electric Power Steering Market Revenues & Volume By REPS for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Electric Power Steering Market Revenues & Volume By Mechanism for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Electric Power Steering Market Revenues & Volume By Collapsible for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Electric Power Steering Market Revenues & Volume By Rigid for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Electric Power Steering Market Revenues & Volume By Off-Highway for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Electric Power Steering Market Revenues & Volume By Construction for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Electric Power Steering Market Revenues & Volume By Agricultural for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Electric Power Steering Market Revenues & Volume By Components for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Electric Power Steering Market Revenues & Volume By Steering column for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Electric Power Steering Market Revenues & Volume By Sensors for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Electric Power Steering Market Revenues & Volume By Steering gear for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Electric Power Steering Market Revenues & Volume By Mechanical rack and pinion for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Electric Power Steering Market Revenues & Volume By Electronic control unit for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Electric Power Steering Market Revenues & Volume By Electric motor for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Electric Power Steering Market Revenues & Volume By Bearing for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Electric Power Steering Market Revenues & Volume By Electric Motor for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Electric Power Steering Market Revenues & Volume By Brush motor for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Electric Power Steering Market Revenues & Volume By Brushless motor for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Electric Power Steering Market Revenues & Volume By Application for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Electric Power Steering Market Revenues & Volume By Passenger Cars (PC) for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Electric Power Steering Market Revenues & Volume By Commercial Vehicles (CV) for the Period 2021 - 2031
  • Historical Data and Forecast of United Kingdom Electric Power Steering Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of France Electric Power Steering Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Germany Electric Power Steering Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of Europe Electric Power Steering Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Electric Power Steering Market Revenues & Volume By Type for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Electric Power Steering Market Revenues & Volume By CEPS for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Electric Power Steering Market Revenues & Volume By PEPS for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Electric Power Steering Market Revenues & Volume By REPS for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Electric Power Steering Market Revenues & Volume By Mechanism for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Electric Power Steering Market Revenues & Volume By Collapsible for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Electric Power Steering Market Revenues & Volume By Rigid for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Electric Power Steering Market Revenues & Volume By Off-Highway for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Electric Power Steering Market Revenues & Volume By Construction for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Electric Power Steering Market Revenues & Volume By Agricultural for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Electric Power Steering Market Revenues & Volume By Components for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Electric Power Steering Market Revenues & Volume By Steering column for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Electric Power Steering Market Revenues & Volume By Sensors for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Electric Power Steering Market Revenues & Volume By Steering gear for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Electric Power Steering Market Revenues & Volume By Mechanical rack and pinion for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Electric Power Steering Market Revenues & Volume By Electronic control unit for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Electric Power Steering Market Revenues & Volume By Electric motor for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Electric Power Steering Market Revenues & Volume By Bearing for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Electric Power Steering Market Revenues & Volume By Electric Motor for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Electric Power Steering Market Revenues & Volume By Brush motor for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Electric Power Steering Market Revenues & Volume By Brushless motor for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Electric Power Steering Market Revenues & Volume By Application for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Electric Power Steering Market Revenues & Volume By Passenger Cars (PC) for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Electric Power Steering Market Revenues & Volume By Commercial Vehicles (CV) for the Period 2021 - 2031
  • Historical Data and Forecast of Saudi Arabia Electric Power Steering Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of UAE Electric Power Steering Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Turkey Electric Power Steering Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of Middle East Electric Power Steering Market Revenues & Volume for the Period 2021 - 2031
  • Global Electric Power Steering Market - Key Performance Indicators
  • Global Electric Power Steering Market - Import Export Trade Statistics
  • Global Electric Power Steering Market - Opportunity Assessment By Countries
  • Global Electric Power Steering Market - Opportunity Assessment By Type
  • Global Electric Power Steering Market - Opportunity Assessment By Mechanism
  • Global Electric Power Steering Market - Opportunity Assessment By Off-Highway
  • Global Electric Power Steering Market - Opportunity Assessment By Components
  • Global Electric Power Steering Market - Opportunity Assessment By Electric Motor
  • Market Opportunity Assessment By Application
  • Global Electric Power Steering Market - Top Companies Market Share
  • Global Electric Power Steering Market - Top Companies Profiles
  • Global Electric Power Steering Market - Comparison of Players in Technical and Operating Parameters
  • Global Electric Power Steering Market - Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

The Global Electric Power Steering Market size was valued USD 24.8 Billion in 2024 and is projected to reach USD 37.1 Billion by 2031.
The expected growth rate of the Global Electric Power Steering Market is 5.40% during the forecast period.
6Wresearch actively monitors the Global Electric Power Steering Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Global Electric Power Steering Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Global Electric Power Steering Market

1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Global Electric Power Steering Market Overview

3.1 Global Regional Macro Economic Indicators

3.2 Global Electric Power Steering Market Revenues & Volume, 2021 & 2031F

3.3 Global Electric Power Steering Market - Industry Life Cycle

3.4 Global Electric Power Steering Market - Porter's Five Forces

3.5 Global Electric Power Steering Market Revenues & Volume Share, By Regions, 2021 & 2031F

3.6 Global Electric Power Steering Market Revenues & Volume Share, By Type, 2021 & 2031F

3.7 Global Electric Power Steering Market Revenues & Volume Share, By Mechanism, 2021 & 2031F

3.8 Global Electric Power Steering Market Revenues & Volume Share, By Off-Highway, 2021 & 2031F

3.9 Global Electric Power Steering Market Revenues & Volume Share, By Components, 2021 & 2031F

3.10 Global Electric Power Steering Market Revenues & Volume Share, By Electric Motor , 2021 & 2031F

3.11 Global Electric Power Steering Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Global Electric Power Steering Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Global Electric Power Steering Market Trends

6 Global Electric Power Steering Market, 2021 - 2031

6.1 Global Electric Power Steering Market, Revenues & Volume, By Type, 2021 - 2031

6.1.1 Overview & Analysis

6.1.2 Global Electric Power Steering Market, Revenues & Volume, By CEPS, 2021 - 2031

6.1.3 Global Electric Power Steering Market, Revenues & Volume, By PEPS, 2021 - 2031

6.1.4 Global Electric Power Steering Market, Revenues & Volume, By REPS, 2021 - 2031

6.2 Global Electric Power Steering Market, Revenues & Volume, By Mechanism, 2021 - 2031

6.2.1 Overview & Analysis

6.2.2 Global Electric Power Steering Market, Revenues & Volume, By Collapsible, 2021 - 2031

6.2.3 Global Electric Power Steering Market, Revenues & Volume, By Rigid, 2021 - 2031

6.3 Global Electric Power Steering Market, Revenues & Volume, By Off-Highway, 2021 - 2031

6.3.1 Overview & Analysis

6.3.2 Global Electric Power Steering Market, Revenues & Volume, By Construction, 2021 - 2031

6.3.3 Global Electric Power Steering Market, Revenues & Volume, By Agricultural, 2021 - 2031

6.4 Global Electric Power Steering Market, Revenues & Volume, By Components, 2021 - 2031

6.4.1 Overview & Analysis

6.4.2 Global Electric Power Steering Market, Revenues & Volume, By Steering column, 2021 - 2031

6.4.3 Global Electric Power Steering Market, Revenues & Volume, By Sensors, 2021 - 2031

6.4.4 Global Electric Power Steering Market, Revenues & Volume, By Steering gear, 2021 - 2031

6.4.5 Global Electric Power Steering Market, Revenues & Volume, By Mechanical rack and pinion, 2021 - 2031

6.4.6 Global Electric Power Steering Market, Revenues & Volume, By Electronic control unit, 2021 - 2031

6.4.7 Global Electric Power Steering Market, Revenues & Volume, By Electric motor, 2021 - 2031

6.4.8 Global Electric Power Steering Market, Revenues & Volume, By Bearing, 2021 - 2031

6.5 Global Electric Power Steering Market, Revenues & Volume, By Electric Motor , 2021 - 2031

6.5.1 Overview & Analysis

6.5.2 Global Electric Power Steering Market, Revenues & Volume, By Brush motor, 2021 - 2031

6.5.3 Global Electric Power Steering Market, Revenues & Volume, By Brushless motor, 2021 - 2031

6.6 Global Electric Power Steering Market, Revenues & Volume, By Application, 2021 - 2031

6.6.1 Overview & Analysis

6.6.2 Global Electric Power Steering Market, Revenues & Volume, By Passenger Cars (PC), 2021 - 2031

6.6.3 Global Electric Power Steering Market, Revenues & Volume, By Commercial Vehicles (CV), 2021 - 2031

7 North America Electric Power Steering Market, Overview & Analysis

7.1 North America Electric Power Steering Market Revenues & Volume, 2021 - 2031

7.2 North America Electric Power Steering Market, Revenues & Volume, By Countries, 2021 - 2031

7.2.1 United States (US) Electric Power Steering Market, Revenues & Volume, 2021 - 2031

7.2.2 Canada Electric Power Steering Market, Revenues & Volume, 2021 - 2031

7.2.3 Rest of North America Electric Power Steering Market, Revenues & Volume, 2021 - 2031

7.3 North America Electric Power Steering Market, Revenues & Volume, By Type, 2021 - 2031

7.4 North America Electric Power Steering Market, Revenues & Volume, By Mechanism, 2021 - 2031

7.5 North America Electric Power Steering Market, Revenues & Volume, By Off-Highway, 2021 - 2031

7.6 North America Electric Power Steering Market, Revenues & Volume, By Components, 2021 - 2031

7.7 North America Electric Power Steering Market, Revenues & Volume, By Electric Motor , 2021 - 2031

7.8 North America Electric Power Steering Market, Revenues & Volume, By Application, 2021 - 2031

8 Latin America (LATAM) Electric Power Steering Market, Overview & Analysis

8.1 Latin America (LATAM) Electric Power Steering Market Revenues & Volume, 2021 - 2031

8.2 Latin America (LATAM) Electric Power Steering Market, Revenues & Volume, By Countries, 2021 - 2031

8.2.1 Brazil Electric Power Steering Market, Revenues & Volume, 2021 - 2031

8.2.2 Mexico Electric Power Steering Market, Revenues & Volume, 2021 - 2031

8.2.3 Argentina Electric Power Steering Market, Revenues & Volume, 2021 - 2031

8.2.4 Rest of LATAM Electric Power Steering Market, Revenues & Volume, 2021 - 2031

8.3 Latin America (LATAM) Electric Power Steering Market, Revenues & Volume, By Type, 2021 - 2031

8.4 Latin America (LATAM) Electric Power Steering Market, Revenues & Volume, By Mechanism, 2021 - 2031

8.5 Latin America (LATAM) Electric Power Steering Market, Revenues & Volume, By Off-Highway, 2021 - 2031

8.6 Latin America (LATAM) Electric Power Steering Market, Revenues & Volume, By Components, 2021 - 2031

8.7 Latin America (LATAM) Electric Power Steering Market, Revenues & Volume, By Electric Motor , 2021 - 2031

8.8 Latin America (LATAM) Electric Power Steering Market, Revenues & Volume, By Application, 2021 - 2031

9 Asia Electric Power Steering Market, Overview & Analysis

9.1 Asia Electric Power Steering Market Revenues & Volume, 2021 - 2031

9.2 Asia Electric Power Steering Market, Revenues & Volume, By Countries, 2021 - 2031

9.2.1 India Electric Power Steering Market, Revenues & Volume, 2021 - 2031

9.2.2 China Electric Power Steering Market, Revenues & Volume, 2021 - 2031

9.2.3 Japan Electric Power Steering Market, Revenues & Volume, 2021 - 2031

9.2.4 Rest of Asia Electric Power Steering Market, Revenues & Volume, 2021 - 2031

9.3 Asia Electric Power Steering Market, Revenues & Volume, By Type, 2021 - 2031

9.4 Asia Electric Power Steering Market, Revenues & Volume, By Mechanism, 2021 - 2031

9.5 Asia Electric Power Steering Market, Revenues & Volume, By Off-Highway, 2021 - 2031

9.6 Asia Electric Power Steering Market, Revenues & Volume, By Components, 2021 - 2031

9.7 Asia Electric Power Steering Market, Revenues & Volume, By Electric Motor , 2021 - 2031

9.8 Asia Electric Power Steering Market, Revenues & Volume, By Application, 2021 - 2031

10 Africa Electric Power Steering Market, Overview & Analysis

10.1 Africa Electric Power Steering Market Revenues & Volume, 2021 - 2031

10.2 Africa Electric Power Steering Market, Revenues & Volume, By Countries, 2021 - 2031

10.2.1 South Africa Electric Power Steering Market, Revenues & Volume, 2021 - 2031

10.2.2 Egypt Electric Power Steering Market, Revenues & Volume, 2021 - 2031

10.2.3 Nigeria Electric Power Steering Market, Revenues & Volume, 2021 - 2031

10.2.4 Rest of Africa Electric Power Steering Market, Revenues & Volume, 2021 - 2031

10.3 Africa Electric Power Steering Market, Revenues & Volume, By Type, 2021 - 2031

10.4 Africa Electric Power Steering Market, Revenues & Volume, By Mechanism, 2021 - 2031

10.5 Africa Electric Power Steering Market, Revenues & Volume, By Off-Highway, 2021 - 2031

10.6 Africa Electric Power Steering Market, Revenues & Volume, By Components, 2021 - 2031

10.7 Africa Electric Power Steering Market, Revenues & Volume, By Electric Motor , 2021 - 2031

10.8 Africa Electric Power Steering Market, Revenues & Volume, By Application, 2021 - 2031

11 Europe Electric Power Steering Market, Overview & Analysis

11.1 Europe Electric Power Steering Market Revenues & Volume, 2021 - 2031

11.2 Europe Electric Power Steering Market, Revenues & Volume, By Countries, 2021 - 2031

11.2.1 United Kingdom Electric Power Steering Market, Revenues & Volume, 2021 - 2031

11.2.2 Germany Electric Power Steering Market, Revenues & Volume, 2021 - 2031

11.2.3 France Electric Power Steering Market, Revenues & Volume, 2021 - 2031

11.2.4 Rest of Europe Electric Power Steering Market, Revenues & Volume, 2021 - 2031

11.3 Europe Electric Power Steering Market, Revenues & Volume, By Type, 2021 - 2031

11.4 Europe Electric Power Steering Market, Revenues & Volume, By Mechanism, 2021 - 2031

11.5 Europe Electric Power Steering Market, Revenues & Volume, By Off-Highway, 2021 - 2031

11.6 Europe Electric Power Steering Market, Revenues & Volume, By Components, 2021 - 2031

11.7 Europe Electric Power Steering Market, Revenues & Volume, By Electric Motor , 2021 - 2031

11.8 Europe Electric Power Steering Market, Revenues & Volume, By Application, 2021 - 2031

12 Middle East Electric Power Steering Market, Overview & Analysis

12.1 Middle East Electric Power Steering Market Revenues & Volume, 2021 - 2031

12.2 Middle East Electric Power Steering Market, Revenues & Volume, By Countries, 2021 - 2031

12.2.1 Saudi Arabia Electric Power Steering Market, Revenues & Volume, 2021 - 2031

12.2.2 UAE Electric Power Steering Market, Revenues & Volume, 2021 - 2031

12.2.3 Turkey Electric Power Steering Market, Revenues & Volume, 2021 - 2031

12.3 Middle East Electric Power Steering Market, Revenues & Volume, By Type, 2021 - 2031

12.4 Middle East Electric Power Steering Market, Revenues & Volume, By Mechanism, 2021 - 2031

12.5 Middle East Electric Power Steering Market, Revenues & Volume, By Off-Highway, 2021 - 2031

12.6 Middle East Electric Power Steering Market, Revenues & Volume, By Components, 2021 - 2031

12.7 Middle East Electric Power Steering Market, Revenues & Volume, By Electric Motor , 2021 - 2031

12.8 Middle East Electric Power Steering Market, Revenues & Volume, By Application, 2021 - 2031

13 Global Electric Power Steering Market Key Performance Indicators

14 Global Electric Power Steering Market - Export/Import By Countries Assessment

15 Global Electric Power Steering Market - Opportunity Assessment

15.1 Global Electric Power Steering Market Opportunity Assessment, By Countries, 2021 & 2031F

15.2 Global Electric Power Steering Market Opportunity Assessment, By Type, 2021 & 2031F

15.3 Global Electric Power Steering Market Opportunity Assessment, By Mechanism, 2021 & 2031F

15.4 Global Electric Power Steering Market Opportunity Assessment, By Off-Highway, 2021 & 2031F

15.5 Global Electric Power Steering Market Opportunity Assessment, By Components, 2021 & 2031F

15.6 Global Electric Power Steering Market Opportunity Assessment, By Electric Motor , 2021 & 2031F

15.7 Global Electric Power Steering Market Opportunity Assessment, By Application, 2021 & 2031F

16 Global Electric Power Steering Market - Competitive Landscape

16.1 Global Electric Power Steering Market Revenue Share, By Companies, 2024

16.2 Global Electric Power Steering Market Competitive Benchmarking, By Operating and Technical Parameters

17 Top 10 Company Profiles

18 Recommendations

19 Disclaimer

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