Global Automotive Electric Power Steering Market (2026-2032) | Restraints, Analysis, Trends, Demand, Share, Pricing Analysis, Supply, Forecast, Opportunities, Growth, Revenue, Strategic Insights, Value, Segments, Companies, Size, Competitive, Outlook, Strategy, Investment Trends, Industry, Consumer Insights, Competition, Segmentation, Drivers, Challenges

Market Forecast by Regions and Countries (North America, Europe, LATAM, Middle East, Asia and Africa), By Motor Assist (Column Assist, Pinion Assist, Rack Assist), By Technology (Conventional EPS, EPS with ADAS), By Component (EPS Control Module, Electric Motor, Rack & Pinion, Steering Column), By Vehicle Type (Passenger Vehicle, Utility Vehicles, Light Commercial Vehicles, Heavy Duty Trucks, Buses & Coaches) And Competitive Landscape
Product Code: ETC13242687 Publication Date: Apr 2025 Updated Date: Sep 2026 Product Type: Market Research Report
Publisher: 6Wresearch Author: Bhawna Singh No. of Pages: 190 No. of Figures: 80 No. of Tables: 40

Global Automotive Electric Power Steering Market Highlights

Market Size (2025) USD 22.3 Billion
Forecast Size (2032) USD 47.6 Billion
CAGR 15.87%
Base Year 2025
Forecast Period 2026-2032
Largest Region Asia-Pacific
Fastest Growing Region North America
Largest Segment Rack Assist
Fastest Growing Segment Pinion Assist
Leading Companies Robert Bosch GmbH, ZF Friedrichshafen AG, JTEKT Corporation, Nexteer Automotive, Hyundai Mobis

Global Automotive Electric Power Steering Market Size & Growth Rate (2026-2032)

Global Automotive Electric Power Steering Market Size & Growth Rate (2026-2032)

The Global Automotive Electric Power Steering Market was estimated at USD 22.3 Billion in 2025 and is projected to reach USD 47.6 Billion by 2032, growing at a CAGR of 15.87% from 2026 to 2032.

Global Automotive Electric Power Steering Market Synopsis

The automotive industry is undergoing a pivotal transformation toward electric power steering solutions, driven by increased efficiency and enhanced driving dynamics. This shift is significantly influenced by the electrification of vehicles and the growing consumer preference for advanced automotive technologies that prioritize performance and fuel economy.

As manufacturers pivot towards electric vehicles and automated driving technologies, the Global Automotive Electric Power Steering Market is set to expand. The integration of features such as lane-keeping assist and adaptive control is not merely a trend but a necessary evolution in steering systems that enhances driver safety and experience.

Global Automotive Electric Power Steering Market Year-wise Growth Rate and Key Drivers

This graph illustrates the annual growth rates of the Global Automotive Electric Power Steering Market from 2022 to 2032, highlighting a steady upward trajectory and projected expansion over the forecast period.

Global Automotive Electric Power Steering Market Year-wise Growth Rate and Key Drivers

The table below presents the year‑wise growth rates along with the key drivers influencing the market

Year Growth Rate (%) Major Drivers
2022 11.73 As consumer preferences shift towards electric vehicle capabilities, electric power steering adoption rises.
2023 9.58 In North America, a skilled labor force enhances production of automotive electric power steering systems.
2024 13.98 Stricter emissions regulations prompt OEMs to incorporate advanced electric power steering technologies.
2025 10.81 Investing in OEM partnerships accelerates the deployment of electric power steering in new models.
2026 11.41 Automakers prioritizing ESG initiatives are increasingly integrating electric power steering in their designs.
2027 11.54 Manufacturers adapting to supply chain changes streamline production of electric power steering components.
2028 11.3 Replacing traditional systems with electric power steering reflects shifting consumer preferences for efficiency.
2029 10.34 Electric vehicle producers face rising input costs that influence the pricing of power steering systems.
2030 12.84 Innovative electric power steering technologies enhance vehicle responsiveness, driving further market interest.
2031 11.52 A shift toward integrated ADAS systems elevates the importance of electric power steering solutions.
2032 11.15 Electric power steering advancements in Europe facilitate regional market expansion and consumer adoption.

Note - Market size estimations and growth projections presented in this report are based on 6Wresearch's proprietary research methodology, combining internal industry data, secondary research, and primary validation, updated periodically to reflect current market conditions. As markets evolve rapidly, figures for certain industries may vary slightly and are intended as informed estimates rather than absolute figures. For the most current market sizing, we recommend validating figures with a 6Wresearch analyst.

Global Automotive Electric Power Steering Market Key Takeaways

Below are some of the specific key takeaways from the market, including:

  • Asia-Pacific is the dominant region, accounting for approximately 44% of the total market share in 2025.
  • Rack Assist systems are expected to hold the largest segment share due to their extensive application in various vehicle types.
  • The Pinion Assist segment is anticipated to grow at a CAGR of 17.5% from 2026 to 2032, driven by rising demand for lightweight solutions.
  • Robert Bosch GmbH is leading the market with innovative steering solutions and substantial committed investments in R&D.

Evaluation of Restraints in Global Automotive Electric Power Steering Market

Despite rapid advancements in electric power steering (EPS) technologies, the market faces specific constraints. One prominent challenge is the high initial cost of systems, which can exceed automotive budget allocations. For instance, integrating an advanced EPS system can add approximately $500 per vehicle, impacting price-sensitive markets. Additionally, the need for rigorous cybersecurity measures to protect these connected steering systems is becoming increasingly crucial, with estimates suggesting investment requirements of about $2.5 billion globally by 2025. This regulatory overhead could impede smaller entrants from competing effectively.

Global Automotive Electric Power Steering Market Trends

The market is witnessing a notable shift towards steer-by-wire technology, which significantly enhances design flexibility and response precision. Companies like ZF Friedrichshafen AG are pioneering developments in this domain, with plans to introduce integrated steer-by-wire systems by 2027. Furthermore, consumer expectations are evolving, pressing manufacturers to incorporate advanced driver-assistance systems (ADAS) like lane-keeping assistance, a component projected to contribute $8 billion to the EPS market by 2031. These technological advancements redefine steering dynamics, aligning with modern demands for safety and efficiency.

Global Automotive Electric Power Steering Market Opportunities

The burgeoning electric vehicle (EV) ecosystem offers expansive revenue opportunities. For example, Tesla's ongoing expansion into electric trucks is anticipated to generate a demand for high-performance EPS systems that accommodate advanced steering functionalities. Additionally, the push for smart city initiatives is stimulating investment in connected vehicle technologies, with an estimated $3.5 billion earmarked for automotive innovations by 2025. These trends not only create potential revenue avenues but also enhance product differentiation among competitors.

Global Automotive Electric Power Steering Market by Motor Assist

Rack Assist is forecasted to command about 60% share in 2025, making it the leading segment in the Global Automotive Electric Power Steering Market. In contrast, Pinion Assist is anticipated to experience rapid growth, with a CAGR of 18% from 2026 to 2032, driven by its ability to deliver better performance and cost efficiency in application. This segment's superior customization options and lighter design are becoming increasingly preferred by automakers responding to evolving consumer demands.

Global Automotive Electric Power Steering Market by Technology

Conventional EPS continues to dominate the market, commanding an estimated 70% share in 2025. Yet, EPS with ADAS is emerging as the fastest-growing segment, projected to grow at a CAGR of 19% from 2026 to 2032. The integration of ADAS not only enhances safety but also capitalizes on regulatory mandates for improved vehicle technology, positioning this segment prominently as automakers invest in future-ready solutions.

Global Automotive Electric Power Steering Market by Component

The EPS Control Module is the leading component in the Global Automotive Electric Power Steering Market, capturing approximately 55% market share in 2025. However, the Electric Motor sector is set to grow rapidly, with a CAGR of 16% from 2026 to 2032. This growth is driven by a focus on energy efficiency and performance enhancement, aligning with broader automotive trends towards sustainable solutions and hybrid technologies.

Global Automotive Electric Power Steering Market by Vehicle Type

Passenger Vehicles lead the Global Automotive Electric Power Steering Market, holding around 50% market share in 2025. Nonetheless, Utility Vehicles are projected to experience significant growth, with a CAGR of 17% from 2026 to 2032. This increase is attributed to rising consumer preference for larger vehicles, as well as the need for enhanced stability and driving comfort in varied environments.

Global Automotive Electric Power Steering Market by Region

The Asia-Pacific region is the largest market for automotive electric power steering, accounting for around 44% of total market share in 2025. Meanwhile, North America is expected to be the fastest-growing region, projected to grow at a CAGR of 18% from 2026 to 2032. This growth is underpinned by significant investment in automotive innovation and resurgence in vehicle manufacturing capabilities in the U.S., supported by favorable trade policies and a robust automotive supply chain.

Government Initiatives in the Global Automotive Electric Power Steering Market

Governments around the world are actively shaping the regulatory framework surrounding electric power steering systems as part of broader automotive safety and environmental initiatives. These actions not only influence market dynamics but also compel manufacturers to innovate adhering to new standards.

  • U.S. Department of Transportation, "National Electric Vehicle Strategy," 2022. This policy aims to boost electric vehicle adoption, benefiting manufacturers engaged in electric power steering development.
  • European Commission, "EU Green Deal," 2021. With financial commitments to advancing low-emission vehicles, this regulation incentivizes research into electric power steering as part of achieving emissions targets.
  • Ministry of Industry and Information Technology (MIIT), "New Energy Vehicle Development Plan," 2021. This initiative promotes the integration of electric power steering in new vehicular designs, encouraging innovation and local manufacturing.
  • Government of Canada, "Zero Emission Vehicle (ZEV) Strategy," 2020. This initiative will provide subsidies for manufacturers who incorporate advanced steering technologies into electric and hybrid vehicles.

Future Insights of the Global Automotive Electric Power Steering Market

Looking ahead, the Global Automotive Electric Power Steering Market is anticipated to experience transformative shifts particularly with the integration of advanced sensor technologies and artificial intelligence. Companies are investing heavily in steer-by-wire systems, which are projected to emerge as game-changers in steering dynamics. For instance, ZF Friedrichshafen AG has reportedly committed substantial resources toward the development of integrated high-precision steer-by-wire systems by 2027. These advancements will likely drive enhanced vehicle control and customization, further shaping consumer preferences and steering toward a more autonomous vehicle paradigm.

Global Automotive Electric Power Steering Market Latest Developments

Several key developments have occurred recently in the Global Automotive Electric Power Steering Market that emphasize innovation and competitive positioning.

  • In March 2023, Robert Bosch GmbH launched an advanced electric power steering prototype that incorporates AI algorithms, enhancing responsiveness and safety features significantly.
  • ZF Friedrichshafen AG is currently engaged in a collaboration with a leading EV manufacturer to develop lightweight steering systems optimized for electric vehicles, slated for commercialization in late 2024.
  • JTEKT Corporation announced ongoing investments in smart steer-by-wire systems in May 2023, expecting to significantly improve steering precision and vehicle feedback by 2025.
  • Recently, Hyundai Mobis introduced a new modular EPS system designed for utility vehicles, enhancing applications with real-time data integration scheduled for rollout by 2024.

Global Automotive Electric Power Steering Market Key Players and Industry Positioning

The competitive landscape of the Global Automotive Electric Power Steering Market is somewhat consolidated, dominated by a handful of key players who are continually innovating to maintain market leadership.

Leading Company Core Strength Strategic Focus
Robert Bosch GmbH Deep expertise in automotive electronics Expanding AI-enabled steering solutions
ZF Friedrichshafen AG Leader in chassis technology Investing in steer-by-wire technology
JTEKT Corporation Strong focus on lightweight materials Developing smart steering solutions
Nexteer Automotive Expertise in steering and driveline systems Strengthening R&D for future mobility
Hyundai Mobis Robust automotive parts supply chain Focusing on modular steering systems

As these companies innovate and compete, the focus on advanced technologies and market responsiveness will play a significant role in shaping the future of the electric power steering segment.

Key Attractiveness of the Report

  • 10 Years of Market Numbers
  • Historical Data Starting from 2022 to 2025
  • Base Year: 2025
  • Forecast Data until 2032
  • Key Performance Indicators Impacting the Market
  • Major Upcoming Developments and Projects

Key Highlights of the Report:

  • Global Automotive Electric Power Steering Market Outlook
  • Market Size of Global Automotive Electric Power Steering Market, 2025
  • Forecast of Global Automotive Electric Power Steering Market, 2032
  • Historical Data and Forecast of Global Automotive Electric Power Steering Revenues & Volume for the Period 2022-2032
  • Global Automotive Electric Power Steering Market Trend Evolution
  • Global Automotive Electric Power Steering Market Drivers and Challenges
  • Global Automotive Electric Power Steering Price Trends
  • Global Automotive Electric Power Steering Porter's Five Forces
  • Global Automotive Electric Power Steering Industry Life Cycle
  • Historical Data and Forecast of Global Automotive Electric Power Steering Market Revenues & Volume
  • Historical Data and Forecast of Global Automotive Electric Power Steering Market Revenues & Volume By Motor Assist for the Period 2022-2032
  • Historical Data and Forecast of Global Automotive Electric Power Steering Market Revenues & Volume By Column Assist for the Period 2022-2032
  • Historical Data and Forecast of Global Automotive Electric Power Steering Market Revenues & Volume By Pinion Assist for the Period 2022-2032
  • Historical Data and Forecast of Global Automotive Electric Power Steering Market Revenues & Volume By Rack Assist for the Period 2022-2032
  • Historical Data and Forecast of Global Automotive Electric Power Steering Market Revenues & Volume By Technology for the Period 2022-2032
  • Historical Data and Forecast of Global Automotive Electric Power Steering Market Revenues & Volume By Conventional EPS for the Period 2022-2032
  • Historical Data and Forecast of Global Automotive Electric Power Steering Market Revenues & Volume By EPS with ADAS for the Period 2022-2032
  • Historical Data and Forecast of Global Automotive Electric Power Steering Market Revenues & Volume By Component for the Period 2022-2032
  • Historical Data and Forecast of Global Automotive Electric Power Steering Market Revenues & Volume By EPS Control Module for the Period 2022-2032
  • Historical Data and Forecast of Global Automotive Electric Power Steering Market Revenues & Volume By Electric Motor for the Period 2022-2032
  • Historical Data and Forecast of Global Automotive Electric Power Steering Market Revenues & Volume By Rack & Pinion for the Period 2022-2032
  • Historical Data and Forecast of Global Automotive Electric Power Steering Market Revenues & Volume By Steering Column for the Period 2022-2032
  • Historical Data and Forecast of Global Automotive Electric Power Steering Market Revenues & Volume By Vehicle Type for the Period 2022-2032
  • Historical Data and Forecast of Global Automotive Electric Power Steering Market Revenues & Volume By Passenger Vehicle for the Period 2022-2032
  • Historical Data and Forecast of Global Automotive Electric Power Steering Market Revenues & Volume By Utility Vehicles for the Period 2022-2032
  • Historical Data and Forecast of Global Automotive Electric Power Steering Market Revenues & Volume By Light Commercial Vehicles for the Period 2022-2032
  • Historical Data and Forecast of Global Automotive Electric Power Steering Market Revenues & Volume By Heavy Duty Trucks for the Period 2022-2032
  • Historical Data and Forecast of Global Automotive Electric Power Steering Market Revenues & Volume By Buses & Coaches for the Period 2022-2032
  • Historical Data and Forecast of North America Automotive Electric Power Steering Market Revenues & Volume By Motor Assist for the Period 2022-2032
  • Historical Data and Forecast of North America Automotive Electric Power Steering Market Revenues & Volume By Column Assist for the Period 2022-2032
  • Historical Data and Forecast of North America Automotive Electric Power Steering Market Revenues & Volume By Pinion Assist for the Period 2022-2032
  • Historical Data and Forecast of North America Automotive Electric Power Steering Market Revenues & Volume By Rack Assist for the Period 2022-2032
  • Historical Data and Forecast of North America Automotive Electric Power Steering Market Revenues & Volume By Technology for the Period 2022-2032
  • Historical Data and Forecast of North America Automotive Electric Power Steering Market Revenues & Volume By Conventional EPS for the Period 2022-2032
  • Historical Data and Forecast of North America Automotive Electric Power Steering Market Revenues & Volume By EPS with ADAS for the Period 2022-2032
  • Historical Data and Forecast of North America Automotive Electric Power Steering Market Revenues & Volume By Component for the Period 2022-2032
  • Historical Data and Forecast of North America Automotive Electric Power Steering Market Revenues & Volume By EPS Control Module for the Period 2022-2032
  • Historical Data and Forecast of North America Automotive Electric Power Steering Market Revenues & Volume By Electric Motor for the Period 2022-2032
  • Historical Data and Forecast of North America Automotive Electric Power Steering Market Revenues & Volume By Rack & Pinion for the Period 2022-2032
  • Historical Data and Forecast of North America Automotive Electric Power Steering Market Revenues & Volume By Steering Column for the Period 2022-2032
  • Historical Data and Forecast of North America Automotive Electric Power Steering Market Revenues & Volume By Vehicle Type for the Period 2022-2032
  • Historical Data and Forecast of North America Automotive Electric Power Steering Market Revenues & Volume By Passenger Vehicle for the Period 2022-2032
  • Historical Data and Forecast of North America Automotive Electric Power Steering Market Revenues & Volume By Utility Vehicles for the Period 2022-2032
  • Historical Data and Forecast of North America Automotive Electric Power Steering Market Revenues & Volume By Light Commercial Vehicles for the Period 2022-2032
  • Historical Data and Forecast of North America Automotive Electric Power Steering Market Revenues & Volume By Heavy Duty Trucks for the Period 2022-2032
  • Historical Data and Forecast of North America Automotive Electric Power Steering Market Revenues & Volume By Buses & Coaches for the Period 2022-2032
  • Historical Data and Forecast of United States of America Automotive Electric Power Steering Market Revenues & Volume for the Period 2022-2032
  • Historical Data and Forecast of Canada Automotive Electric Power Steering Market Revenues & Volume for the Period 2022-2032
  • Historical Data and Forecast of Rest of North America Automotive Electric Power Steering Market Revenues & Volume for the Period 2022-2032
  • Historical Data and Forecast of Latin America (LATAM) Automotive Electric Power Steering Market Revenues & Volume By Motor Assist for the Period 2022-2032
  • Historical Data and Forecast of Latin America (LATAM) Automotive Electric Power Steering Market Revenues & Volume By Column Assist for the Period 2022-2032
  • Historical Data and Forecast of Latin America (LATAM) Automotive Electric Power Steering Market Revenues & Volume By Pinion Assist for the Period 2022-2032
  • Historical Data and Forecast of Latin America (LATAM) Automotive Electric Power Steering Market Revenues & Volume By Rack Assist for the Period 2022-2032
  • Historical Data and Forecast of Latin America (LATAM) Automotive Electric Power Steering Market Revenues & Volume By Technology for the Period 2022-2032
  • Historical Data and Forecast of Latin America (LATAM) Automotive Electric Power Steering Market Revenues & Volume By Conventional EPS for the Period 2022-2032
  • Historical Data and Forecast of Latin America (LATAM) Automotive Electric Power Steering Market Revenues & Volume By EPS with ADAS for the Period 2022-2032
  • Historical Data and Forecast of Latin America (LATAM) Automotive Electric Power Steering Market Revenues & Volume By Component for the Period 2022-2032
  • Historical Data and Forecast of Latin America (LATAM) Automotive Electric Power Steering Market Revenues & Volume By EPS Control Module for the Period 2022-2032
  • Historical Data and Forecast of Latin America (LATAM) Automotive Electric Power Steering Market Revenues & Volume By Electric Motor for the Period 2022-2032
  • Historical Data and Forecast of Latin America (LATAM) Automotive Electric Power Steering Market Revenues & Volume By Rack & Pinion for the Period 2022-2032
  • Historical Data and Forecast of Latin America (LATAM) Automotive Electric Power Steering Market Revenues & Volume By Steering Column for the Period 2022-2032
  • Historical Data and Forecast of Latin America (LATAM) Automotive Electric Power Steering Market Revenues & Volume By Vehicle Type for the Period 2022-2032
  • Historical Data and Forecast of Latin America (LATAM) Automotive Electric Power Steering Market Revenues & Volume By Passenger Vehicle for the Period 2022-2032
  • Historical Data and Forecast of Latin America (LATAM) Automotive Electric Power Steering Market Revenues & Volume By Utility Vehicles for the Period 2022-2032
  • Historical Data and Forecast of Latin America (LATAM) Automotive Electric Power Steering Market Revenues & Volume By Light Commercial Vehicles for the Period 2022-2032
  • Historical Data and Forecast of Latin America (LATAM) Automotive Electric Power Steering Market Revenues & Volume By Heavy Duty Trucks for the Period 2022-2032
  • Historical Data and Forecast of Latin America (LATAM) Automotive Electric Power Steering Market Revenues & Volume By Buses & Coaches for the Period 2022-2032
  • Historical Data and Forecast of Brazil Automotive Electric Power Steering Market Revenues & Volume for the Period 2022-2032
  • Historical Data and Forecast of Mexico Automotive Electric Power Steering Market Revenues & Volume for the Period 2022-2032
  • Historical Data and Forecast of Argentina Automotive Electric Power Steering Market Revenues & Volume for the Period 2022-2032
  • Historical Data and Forecast of Rest of LATAM Automotive Electric Power Steering Market Revenues & Volume for the Period 2022-2032
  • Historical Data and Forecast of Asia Automotive Electric Power Steering Market Revenues & Volume By Motor Assist for the Period 2022-2032
  • Historical Data and Forecast of Asia Automotive Electric Power Steering Market Revenues & Volume By Column Assist for the Period 2022-2032
  • Historical Data and Forecast of Asia Automotive Electric Power Steering Market Revenues & Volume By Pinion Assist for the Period 2022-2032
  • Historical Data and Forecast of Asia Automotive Electric Power Steering Market Revenues & Volume By Rack Assist for the Period 2022-2032
  • Historical Data and Forecast of Asia Automotive Electric Power Steering Market Revenues & Volume By Technology for the Period 2022-2032
  • Historical Data and Forecast of Asia Automotive Electric Power Steering Market Revenues & Volume By Conventional EPS for the Period 2022-2032
  • Historical Data and Forecast of Asia Automotive Electric Power Steering Market Revenues & Volume By EPS with ADAS for the Period 2022-2032
  • Historical Data and Forecast of Asia Automotive Electric Power Steering Market Revenues & Volume By Component for the Period 2022-2032
  • Historical Data and Forecast of Asia Automotive Electric Power Steering Market Revenues & Volume By EPS Control Module for the Period 2022-2032
  • Historical Data and Forecast of Asia Automotive Electric Power Steering Market Revenues & Volume By Electric Motor for the Period 2022-2032
  • Historical Data and Forecast of Asia Automotive Electric Power Steering Market Revenues & Volume By Rack & Pinion for the Period 2022-2032
  • Historical Data and Forecast of Asia Automotive Electric Power Steering Market Revenues & Volume By Steering Column for the Period 2022-2032
  • Historical Data and Forecast of Asia Automotive Electric Power Steering Market Revenues & Volume By Vehicle Type for the Period 2022-2032
  • Historical Data and Forecast of Asia Automotive Electric Power Steering Market Revenues & Volume By Passenger Vehicle for the Period 2022-2032
  • Historical Data and Forecast of Asia Automotive Electric Power Steering Market Revenues & Volume By Utility Vehicles for the Period 2022-2032
  • Historical Data and Forecast of Asia Automotive Electric Power Steering Market Revenues & Volume By Light Commercial Vehicles for the Period 2022-2032
  • Historical Data and Forecast of Asia Automotive Electric Power Steering Market Revenues & Volume By Heavy Duty Trucks for the Period 2022-2032
  • Historical Data and Forecast of Asia Automotive Electric Power Steering Market Revenues & Volume By Buses & Coaches for the Period 2022-2032
  • Historical Data and Forecast of China Automotive Electric Power Steering Market Revenues & Volume for the Period 2022-2032
  • Historical Data and Forecast of India Automotive Electric Power Steering Market Revenues & Volume for the Period 2022-2032
  • Historical Data and Forecast of Japan Automotive Electric Power Steering Market Revenues & Volume for the Period 2022-2032
  • Historical Data and Forecast of Rest of Asia Automotive Electric Power Steering Market Revenues & Volume for the Period 2022-2032
  • Historical Data and Forecast of Africa Automotive Electric Power Steering Market Revenues & Volume By Motor Assist for the Period 2022-2032
  • Historical Data and Forecast of Africa Automotive Electric Power Steering Market Revenues & Volume By Column Assist for the Period 2022-2032
  • Historical Data and Forecast of Africa Automotive Electric Power Steering Market Revenues & Volume By Pinion Assist for the Period 2022-2032
  • Historical Data and Forecast of Africa Automotive Electric Power Steering Market Revenues & Volume By Rack Assist for the Period 2022-2032
  • Historical Data and Forecast of Africa Automotive Electric Power Steering Market Revenues & Volume By Technology for the Period 2022-2032
  • Historical Data and Forecast of Africa Automotive Electric Power Steering Market Revenues & Volume By Conventional EPS for the Period 2022-2032
  • Historical Data and Forecast of Africa Automotive Electric Power Steering Market Revenues & Volume By EPS with ADAS for the Period 2022-2032
  • Historical Data and Forecast of Africa Automotive Electric Power Steering Market Revenues & Volume By Component for the Period 2022-2032
  • Historical Data and Forecast of Africa Automotive Electric Power Steering Market Revenues & Volume By EPS Control Module for the Period 2022-2032
  • Historical Data and Forecast of Africa Automotive Electric Power Steering Market Revenues & Volume By Electric Motor for the Period 2022-2032
  • Historical Data and Forecast of Africa Automotive Electric Power Steering Market Revenues & Volume By Rack & Pinion for the Period 2022-2032
  • Historical Data and Forecast of Africa Automotive Electric Power Steering Market Revenues & Volume By Steering Column for the Period 2022-2032
  • Historical Data and Forecast of Africa Automotive Electric Power Steering Market Revenues & Volume By Vehicle Type for the Period 2022-2032
  • Historical Data and Forecast of Africa Automotive Electric Power Steering Market Revenues & Volume By Passenger Vehicle for the Period 2022-2032
  • Historical Data and Forecast of Africa Automotive Electric Power Steering Market Revenues & Volume By Utility Vehicles for the Period 2022-2032
  • Historical Data and Forecast of Africa Automotive Electric Power Steering Market Revenues & Volume By Light Commercial Vehicles for the Period 2022-2032
  • Historical Data and Forecast of Africa Automotive Electric Power Steering Market Revenues & Volume By Heavy Duty Trucks for the Period 2022-2032
  • Historical Data and Forecast of Africa Automotive Electric Power Steering Market Revenues & Volume By Buses & Coaches for the Period 2022-2032
  • Historical Data and Forecast of South Africa Automotive Electric Power Steering Market Revenues & Volume for the Period 2022-2032
  • Historical Data and Forecast of Nigeria Automotive Electric Power Steering Market Revenues & Volume for the Period 2022-2032
  • Historical Data and Forecast of Egypt Automotive Electric Power Steering Market Revenues & Volume for the Period 2022-2032
  • Historical Data and Forecast of Rest of Africa Automotive Electric Power Steering Market Revenues & Volume for the Period 2022-2032
  • Historical Data and Forecast of Europe Automotive Electric Power Steering Market Revenues & Volume By Motor Assist for the Period 2022-2032
  • Historical Data and Forecast of Europe Automotive Electric Power Steering Market Revenues & Volume By Column Assist for the Period 2022-2032
  • Historical Data and Forecast of Europe Automotive Electric Power Steering Market Revenues & Volume By Pinion Assist for the Period 2022-2032
  • Historical Data and Forecast of Europe Automotive Electric Power Steering Market Revenues & Volume By Rack Assist for the Period 2022-2032
  • Historical Data and Forecast of Europe Automotive Electric Power Steering Market Revenues & Volume By Technology for the Period 2022-2032
  • Historical Data and Forecast of Europe Automotive Electric Power Steering Market Revenues & Volume By Conventional EPS for the Period 2022-2032
  • Historical Data and Forecast of Europe Automotive Electric Power Steering Market Revenues & Volume By EPS with ADAS for the Period 2022-2032
  • Historical Data and Forecast of Europe Automotive Electric Power Steering Market Revenues & Volume By Component for the Period 2022-2032
  • Historical Data and Forecast of Europe Automotive Electric Power Steering Market Revenues & Volume By EPS Control Module for the Period 2022-2032
  • Historical Data and Forecast of Europe Automotive Electric Power Steering Market Revenues & Volume By Electric Motor for the Period 2022-2032
  • Historical Data and Forecast of Europe Automotive Electric Power Steering Market Revenues & Volume By Rack & Pinion for the Period 2022-2032
  • Historical Data and Forecast of Europe Automotive Electric Power Steering Market Revenues & Volume By Steering Column for the Period 2022-2032
  • Historical Data and Forecast of Europe Automotive Electric Power Steering Market Revenues & Volume By Vehicle Type for the Period 2022-2032
  • Historical Data and Forecast of Europe Automotive Electric Power Steering Market Revenues & Volume By Passenger Vehicle for the Period 2022-2032
  • Historical Data and Forecast of Europe Automotive Electric Power Steering Market Revenues & Volume By Utility Vehicles for the Period 2022-2032
  • Historical Data and Forecast of Europe Automotive Electric Power Steering Market Revenues & Volume By Light Commercial Vehicles for the Period 2022-2032
  • Historical Data and Forecast of Europe Automotive Electric Power Steering Market Revenues & Volume By Heavy Duty Trucks for the Period 2022-2032
  • Historical Data and Forecast of Europe Automotive Electric Power Steering Market Revenues & Volume By Buses & Coaches for the Period 2022-2032
  • Historical Data and Forecast of United Kingdom Automotive Electric Power Steering Market Revenues & Volume for the Period 2022-2032
  • Historical Data and Forecast of France Automotive Electric Power Steering Market Revenues & Volume for the Period 2022-2032
  • Historical Data and Forecast of Germany Automotive Electric Power Steering Market Revenues & Volume for the Period 2022-2032
  • Historical Data and Forecast of Rest of Europe Automotive Electric Power Steering Market Revenues & Volume for the Period 2022-2032
  • Historical Data and Forecast of Middle East Automotive Electric Power Steering Market Revenues & Volume By Motor Assist for the Period 2022-2032
  • Historical Data and Forecast of Middle East Automotive Electric Power Steering Market Revenues & Volume By Column Assist for the Period 2022-2032
  • Historical Data and Forecast of Middle East Automotive Electric Power Steering Market Revenues & Volume By Pinion Assist for the Period 2022-2032
  • Historical Data and Forecast of Middle East Automotive Electric Power Steering Market Revenues & Volume By Rack Assist for the Period 2022-2032
  • Historical Data and Forecast of Middle East Automotive Electric Power Steering Market Revenues & Volume By Technology for the Period 2022-2032
  • Historical Data and Forecast of Middle East Automotive Electric Power Steering Market Revenues & Volume By Conventional EPS for the Period 2022-2032
  • Historical Data and Forecast of Middle East Automotive Electric Power Steering Market Revenues & Volume By EPS with ADAS for the Period 2022-2032
  • Historical Data and Forecast of Middle East Automotive Electric Power Steering Market Revenues & Volume By Component for the Period 2022-2032
  • Historical Data and Forecast of Middle East Automotive Electric Power Steering Market Revenues & Volume By EPS Control Module for the Period 2022-2032
  • Historical Data and Forecast of Middle East Automotive Electric Power Steering Market Revenues & Volume By Electric Motor for the Period 2022-2032
  • Historical Data and Forecast of Middle East Automotive Electric Power Steering Market Revenues & Volume By Rack & Pinion for the Period 2022-2032
  • Historical Data and Forecast of Middle East Automotive Electric Power Steering Market Revenues & Volume By Steering Column for the Period 2022-2032
  • Historical Data and Forecast of Middle East Automotive Electric Power Steering Market Revenues & Volume By Vehicle Type for the Period 2022-2032
  • Historical Data and Forecast of Middle East Automotive Electric Power Steering Market Revenues & Volume By Passenger Vehicle for the Period 2022-2032
  • Historical Data and Forecast of Middle East Automotive Electric Power Steering Market Revenues & Volume By Utility Vehicles for the Period 2022-2032
  • Historical Data and Forecast of Middle East Automotive Electric Power Steering Market Revenues & Volume By Light Commercial Vehicles for the Period 2022-2032
  • Historical Data and Forecast of Middle East Automotive Electric Power Steering Market Revenues & Volume By Heavy Duty Trucks for the Period 2022-2032
  • Historical Data and Forecast of Middle East Automotive Electric Power Steering Market Revenues & Volume By Buses & Coaches for the Period 2022-2032
  • Historical Data and Forecast of Saudi Arabia Automotive Electric Power Steering Market Revenues & Volume for the Period 2022-2032
  • Historical Data and Forecast of UAE Automotive Electric Power Steering Market Revenues & Volume for the Period 2022-2032
  • Historical Data and Forecast of Turkey Automotive Electric Power Steering Market Revenues & Volume for the Period 2022-2032
  • Historical Data and Forecast of Rest of Middle East Automotive Electric Power Steering Market Revenues & Volume for the Period 2022-2032
  • Global Automotive Electric Power Steering Market - Key Performance Indicators
  • Global Automotive Electric Power Steering Market - Import Export Trade Statistics
  • Global Automotive Electric Power Steering Market - Opportunity Assessment By Countries
  • Global Automotive Electric Power Steering Market - Opportunity Assessment By Motor Assist
  • Global Automotive Electric Power Steering Market - Opportunity Assessment By Technology
  • Global Automotive Electric Power Steering Market - Opportunity Assessment By Component
  • Global Automotive Electric Power Steering Market - Opportunity Assessment By Vehicle Type
  • Global Automotive Electric Power Steering Market - Top Companies Market Share
  • Global Automotive Electric Power Steering Market - Top Companies Profiles
  • Global Automotive Electric Power Steering Market - Comparison of Players in Technical and Operating Parameters
  • Global Automotive Electric Power Steering Market - Strategic Recommendations

Markets Covered

The Global Automotive Electric Power Steering Market report provides a detailed analysis of the following market segments:

By Regions and Countries:

  • North America
  • Europe
  • LATAM
  • Middle East
  • Asia
  • Africa

By Motor Assist:

  • Column Assist
  • Pinion Assist
  • Rack Assist

By Technology:

  • Conventional EPS
  • EPS with ADAS

By Component:

  • EPS Control Module
  • Electric Motor
  • Rack & Pinion
  • Steering Column

By Vehicle Type:

  • Passenger Vehicle
  • Utility Vehicles
  • Light Commercial Vehicles
  • Heavy Duty Trucks
  • Buses & Coaches

Global Automotive Electric Power Steering Market - Frequently Asked Questions

The Global Automotive Electric Power Steering Market is projected to reach USD 47.6 Billion by 2032.
The market is expected to grow at a CAGR of 15.87% from 2026 to 2032.
Key drivers include the rising demand for electric vehicles, advancements in steering technologies, and the integration of advanced driver-assistance systems (ADAS).
High initial costs of advanced systems and evolving cybersecurity challenges are notable restraints impacting market growth.
Rack Assist systems are expected to lead the market, owing to their extensive application across various vehicle types.
Emerging trends include the integration of steer-by-wire technology and increased focus on smart steering systems, facilitating better vehicle control and driver interactivity.
6Wresearch actively monitors the Global Automotive 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 Automotive 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 Automotive 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 Automotive Electric Power Steering Market Overview

3.1 Global Regional Macro Economic Indicators

3.2 Global Automotive Electric Power Steering Market Revenues & Volume, 2022 & 2032F

3.3 Global Automotive Electric Power Steering Market - Industry Life Cycle

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

3.5 Global Automotive Electric Power Steering Market Revenues & Volume Share, By Regions, 2022 & 2032F

3.6 Global Automotive Electric Power Steering Market Revenues & Volume Share, By Motor Assist, 2022 & 2032F

3.7 Global Automotive Electric Power Steering Market Revenues & Volume Share, By Technology, 2022 & 2032F

3.8 Global Automotive Electric Power Steering Market Revenues & Volume Share, By Component, 2022 & 2032F

3.9 Global Automotive Electric Power Steering Market Revenues & Volume Share, By Vehicle Type, 2022 & 2032F

4 Global Automotive Electric Power Steering Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Global Automotive Electric Power Steering Market Trends

6 Global Automotive Electric Power Steering Market, 2022-2032

6.1 Global Automotive Electric Power Steering Market, Revenues & Volume, By Motor Assist, 2022-2032

6.1.1 Overview & Analysis

6.1.2 Global Automotive Electric Power Steering Market, Revenues & Volume, By Column Assist, 2022-2032

6.1.3 Global Automotive Electric Power Steering Market, Revenues & Volume, By Pinion Assist, 2022-2032

6.1.4 Global Automotive Electric Power Steering Market, Revenues & Volume, By Rack Assist, 2022-2032

6.2 Global Automotive Electric Power Steering Market, Revenues & Volume, By Technology, 2022-2032

6.2.1 Overview & Analysis

6.2.2 Global Automotive Electric Power Steering Market, Revenues & Volume, By Conventional EPS, 2022-2032

6.2.3 Global Automotive Electric Power Steering Market, Revenues & Volume, By EPS with ADAS, 2022-2032

6.3 Global Automotive Electric Power Steering Market, Revenues & Volume, By Component, 2022-2032

6.3.1 Overview & Analysis

6.3.2 Global Automotive Electric Power Steering Market, Revenues & Volume, By EPS Control Module, 2022-2032

6.3.3 Global Automotive Electric Power Steering Market, Revenues & Volume, By Electric Motor, 2022-2032

6.3.4 Global Automotive Electric Power Steering Market, Revenues & Volume, By Rack & Pinion, 2022-2032

6.3.5 Global Automotive Electric Power Steering Market, Revenues & Volume, By Steering Column, 2022-2032

6.4 Global Automotive Electric Power Steering Market, Revenues & Volume, By Vehicle Type, 2022-2032

6.4.1 Overview & Analysis

6.4.2 Global Automotive Electric Power Steering Market, Revenues & Volume, By Passenger Vehicle, 2022-2032

6.4.3 Global Automotive Electric Power Steering Market, Revenues & Volume, By Utility Vehicles, 2022-2032

6.4.4 Global Automotive Electric Power Steering Market, Revenues & Volume, By Light Commercial Vehicles, 2022-2032

6.4.5 Global Automotive Electric Power Steering Market, Revenues & Volume, By Heavy Duty Trucks, 2022-2032

6.4.6 Global Automotive Electric Power Steering Market, Revenues & Volume, By Buses & Coaches, 2022-2032

7 North America Automotive Electric Power Steering Market, Overview & Analysis

7.1 North America Automotive Electric Power Steering Market Revenues & Volume, 2022-2032

7.2 North America Automotive Electric Power Steering Market, Revenues & Volume, By Countries, 2022-2032

7.2.1 United States (US) Automotive Electric Power Steering Market, Revenues & Volume, 2022-2032

7.2.2 Canada Automotive Electric Power Steering Market, Revenues & Volume, 2022-2032

7.2.3 Rest of North America Automotive Electric Power Steering Market, Revenues & Volume, 2022-2032

7.3 North America Automotive Electric Power Steering Market, Revenues & Volume, By Motor Assist, 2022-2032

7.4 North America Automotive Electric Power Steering Market, Revenues & Volume, By Technology, 2022-2032

7.5 North America Automotive Electric Power Steering Market, Revenues & Volume, By Component, 2022-2032

7.6 North America Automotive Electric Power Steering Market, Revenues & Volume, By Vehicle Type, 2022-2032

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

8.1 Latin America (LATAM) Automotive Electric Power Steering Market Revenues & Volume, 2022-2032

8.2 Latin America (LATAM) Automotive Electric Power Steering Market, Revenues & Volume, By Countries, 2022-2032

8.2.1 Brazil Automotive Electric Power Steering Market, Revenues & Volume, 2022-2032

8.2.2 Mexico Automotive Electric Power Steering Market, Revenues & Volume, 2022-2032

8.2.3 Argentina Automotive Electric Power Steering Market, Revenues & Volume, 2022-2032

8.2.4 Rest of LATAM Automotive Electric Power Steering Market, Revenues & Volume, 2022-2032

8.3 Latin America (LATAM) Automotive Electric Power Steering Market, Revenues & Volume, By Motor Assist, 2022-2032

8.4 Latin America (LATAM) Automotive Electric Power Steering Market, Revenues & Volume, By Technology, 2022-2032

8.5 Latin America (LATAM) Automotive Electric Power Steering Market, Revenues & Volume, By Component, 2022-2032

8.6 Latin America (LATAM) Automotive Electric Power Steering Market, Revenues & Volume, By Vehicle Type, 2022-2032

9 Asia Automotive Electric Power Steering Market, Overview & Analysis

9.1 Asia Automotive Electric Power Steering Market Revenues & Volume, 2022-2032

9.2 Asia Automotive Electric Power Steering Market, Revenues & Volume, By Countries, 2022-2032

9.2.1 India Automotive Electric Power Steering Market, Revenues & Volume, 2022-2032

9.2.2 China Automotive Electric Power Steering Market, Revenues & Volume, 2022-2032

9.2.3 Japan Automotive Electric Power Steering Market, Revenues & Volume, 2022-2032

9.2.4 Rest of Asia Automotive Electric Power Steering Market, Revenues & Volume, 2022-2032

9.3 Asia Automotive Electric Power Steering Market, Revenues & Volume, By Motor Assist, 2022-2032

9.4 Asia Automotive Electric Power Steering Market, Revenues & Volume, By Technology, 2022-2032

9.5 Asia Automotive Electric Power Steering Market, Revenues & Volume, By Component, 2022-2032

9.6 Asia Automotive Electric Power Steering Market, Revenues & Volume, By Vehicle Type, 2022-2032

10 Africa Automotive Electric Power Steering Market, Overview & Analysis

10.1 Africa Automotive Electric Power Steering Market Revenues & Volume, 2022-2032

10.2 Africa Automotive Electric Power Steering Market, Revenues & Volume, By Countries, 2022-2032

10.2.1 South Africa Automotive Electric Power Steering Market, Revenues & Volume, 2022-2032

10.2.2 Egypt Automotive Electric Power Steering Market, Revenues & Volume, 2022-2032

10.2.3 Nigeria Automotive Electric Power Steering Market, Revenues & Volume, 2022-2032

10.2.4 Rest of Africa Automotive Electric Power Steering Market, Revenues & Volume, 2022-2032

10.3 Africa Automotive Electric Power Steering Market, Revenues & Volume, By Motor Assist, 2022-2032

10.4 Africa Automotive Electric Power Steering Market, Revenues & Volume, By Technology, 2022-2032

10.5 Africa Automotive Electric Power Steering Market, Revenues & Volume, By Component, 2022-2032

10.6 Africa Automotive Electric Power Steering Market, Revenues & Volume, By Vehicle Type, 2022-2032

11 Europe Automotive Electric Power Steering Market, Overview & Analysis

11.1 Europe Automotive Electric Power Steering Market Revenues & Volume, 2022-2032

11.2 Europe Automotive Electric Power Steering Market, Revenues & Volume, By Countries, 2022-2032

11.2.1 United Kingdom Automotive Electric Power Steering Market, Revenues & Volume, 2022-2032

11.2.2 Germany Automotive Electric Power Steering Market, Revenues & Volume, 2022-2032

11.2.3 France Automotive Electric Power Steering Market, Revenues & Volume, 2022-2032

11.2.4 Rest of Europe Automotive Electric Power Steering Market, Revenues & Volume, 2022-2032

11.3 Europe Automotive Electric Power Steering Market, Revenues & Volume, By Motor Assist, 2022-2032

11.4 Europe Automotive Electric Power Steering Market, Revenues & Volume, By Technology, 2022-2032

11.5 Europe Automotive Electric Power Steering Market, Revenues & Volume, By Component, 2022-2032

11.6 Europe Automotive Electric Power Steering Market, Revenues & Volume, By Vehicle Type, 2022-2032

12 Middle East Automotive Electric Power Steering Market, Overview & Analysis

12.1 Middle East Automotive Electric Power Steering Market Revenues & Volume, 2022-2032

12.2 Middle East Automotive Electric Power Steering Market, Revenues & Volume, By Countries, 2022-2032

12.2.1 Saudi Arabia Automotive Electric Power Steering Market, Revenues & Volume, 2022-2032

12.2.2 UAE Automotive Electric Power Steering Market, Revenues & Volume, 2022-2032

12.2.3 Turkey Automotive Electric Power Steering Market, Revenues & Volume, 2022-2032

12.3 Middle East Automotive Electric Power Steering Market, Revenues & Volume, By Motor Assist, 2022-2032

12.4 Middle East Automotive Electric Power Steering Market, Revenues & Volume, By Technology, 2022-2032

12.5 Middle East Automotive Electric Power Steering Market, Revenues & Volume, By Component, 2022-2032

12.6 Middle East Automotive Electric Power Steering Market, Revenues & Volume, By Vehicle Type, 2022-2032

13 Global Automotive Electric Power Steering Market Key Performance Indicators

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

15 Global Automotive Electric Power Steering Market - Opportunity Assessment

15.1 Global Automotive Electric Power Steering Market Opportunity Assessment, By Countries, 2022 & 2032F

15.2 Global Automotive Electric Power Steering Market Opportunity Assessment, By Motor Assist, 2022 & 2032F

15.3 Global Automotive Electric Power Steering Market Opportunity Assessment, By Technology, 2022 & 2032F

15.4 Global Automotive Electric Power Steering Market Opportunity Assessment, By Component, 2022 & 2032F

15.5 Global Automotive Electric Power Steering Market Opportunity Assessment, By Vehicle Type, 2022 & 2032F

16 Global Automotive Electric Power Steering Market - Competitive Landscape

16.1 Global Automotive Electric Power Steering Market Revenue Share, By Companies, 2025

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

17 Top 10 Company Profiles

18 Recommendations

19 Disclaimer

Global Go To Market Strategy - 2030

Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.

By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

To discover high-growth global markets and optimize your business strategy:

Click Here
Request Primary Research & Report
  • Single User License
    $4,560
  • Department License
    $5,055
  • Site License
    $5,595
  • Global License
    $6,000
ISO 9001:2015

ISO 9001:2015 CERTIFIED

Quality Management System for market research & advisory services

Cert. No. 3050261008135Q

6Wresearch Support

Any Query

Call: +91-11-4302-4305
Email us: sales@6wresearch.com
Any Query? Click Here

Leadership Perspectives from Industry Events

6Wresearch in the News

Thought Leadership and Analyst Meet

Our Clients

Airtel
Canon
Contec
HoneyWell
Kriloskar
Pwc Logo
Samsung
Tata Teleservices

Industry Events and Analyst Meet

Whitepaper

Read All