Product Code: ETC13273514 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Automotive Electro-hydraulic Power Steering Market was valued at USD 6.3 Billion in 2024 and is expected to reach USD 9 Billion by 2031, growing at a compound annual growth rate of 5.80% during the forecast period (2025-2031).
The Global Automotive Electro-hydraulic Power Steering Market is experiencing steady growth due to the increasing demand for vehicles with improved fuel efficiency and enhanced driving experience. This technology combines the benefits of both hydraulic and electric power steering systems, providing better responsiveness and control while reducing energy consumption. Key players in the market are focusing on developing advanced systems that offer enhanced safety features and smoother operation. The market is also being driven by the rising production of electric vehicles and the growing trend towards autonomous driving technology. North America and Europe are the leading regions in terms of market share, with Asia Pacific expected to witness significant growth in the coming years due to the increasing adoption of advanced automotive technologies in emerging economies like China and India.
The Global Automotive Electro-hydraulic Power Steering Market is experiencing growth due to the rising demand for fuel-efficient vehicles and enhanced driving experience. The market is witnessing a shift towards electric power steering systems as they offer better fuel efficiency and design flexibility compared to traditional hydraulic systems. Additionally, the increasing focus on vehicle safety and advanced driver assistance systems is driving the adoption of electro-hydraulic power steering systems. Opportunities in the market include the development of advanced steering technologies to improve vehicle maneuverability and enhance driver comfort. Collaborations between automotive manufacturers and technology companies to integrate smart features such as autonomous driving capabilities into steering systems present further growth prospects in the Global Automotive Electro-hydraulic Power Steering Market.
The Global Automotive Electro-hydraulic Power Steering Market faces several challenges, including increasing competition from electric power steering systems, regulatory pressures to improve fuel efficiency and reduce emissions, as well as the need for continuous technological advancements to meet evolving consumer preferences. Additionally, the complexity of integrating electro-hydraulic systems with advanced driver-assistance features poses a challenge for automakers. Fluctuating raw material prices and supply chain disruptions also impact the market`s growth. Moreover, the high initial cost of electro-hydraulic power steering systems compared to traditional hydraulic systems hinders their widespread adoption, particularly in emerging markets. Overall, navigating these challenges requires industry players to innovate, invest in research and development, and collaborate with suppliers to enhance product offerings and address changing market dynamics effectively.
The Global Automotive Electro-hydraulic Power Steering Market is primarily driven by the increasing demand for fuel-efficient vehicles and the growing automotive industry worldwide. Electro-hydraulic power steering systems offer improved fuel efficiency compared to traditional hydraulic systems, leading to reduced emissions and operating costs for vehicle owners. Additionally, the rising focus on vehicle safety and handling performance is driving the adoption of electro-hydraulic power steering systems due to their enhanced responsiveness and control. Furthermore, technological advancements such as integration with driver assistance systems and autonomous driving features are further propelling the growth of the market. The shift towards electric vehicles and the increasing penetration of advanced driver assistance systems (ADAS) in vehicles are expected to continue driving the demand for automotive electro-hydraulic power steering systems in the coming years.
Government policies related to the Global Automotive Electro-hydraulic Power Steering Market primarily focus on promoting vehicle safety and environmental sustainability. Regulations such as mandatory installation of power steering systems in vehicles, adherence to safety standards, and emission control measures play a significant role in shaping the market landscape. Additionally, governments worldwide are increasingly emphasizing the adoption of electric and hybrid vehicles to reduce carbon emissions and combat climate change. This shift towards cleaner transportation technologies is driving the demand for electro-hydraulic power steering systems in the automotive industry. Regulatory bodies are also encouraging research and development efforts to enhance the efficiency and performance of these systems while ensuring compliance with stringent regulatory requirements.
The Global Automotive Electro-hydraulic Power Steering Market is expected to witness steady growth in the coming years, driven by increasing demand for fuel-efficient vehicles and advancements in automotive technology. The market is projected to benefit from the rising adoption of electric and hybrid vehicles, which require efficient power steering systems to enhance driving performance and reduce energy consumption. Additionally, the growing focus on vehicle safety and comfort is likely to further propel the market growth as electro-hydraulic power steering systems offer improved precision and responsiveness compared to traditional hydraulic systems. With continuous innovation and development in the automotive industry, the Global Automotive Electro-hydraulic Power Steering Market is anticipated to expand significantly, offering lucrative opportunities for key players and contributing to the overall evolution of the automotive sector.
In the Global Automotive Electro-hydraulic Power Steering Market, Asia is anticipated to witness significant growth due to the expanding automotive industry in countries like China and India. North America is expected to show steady growth, driven by the presence of key automotive manufacturers and increasing consumer demand for advanced steering technologies. In Europe, the market is projected to grow steadily, supported by strict regulations promoting fuel efficiency and safety features in vehicles. The Middle East and Africa region is likely to experience moderate growth, influenced by improving economic conditions and rising investments in the automotive sector. Latin America is expected to witness steady growth, propelled by increasing vehicle production and technological advancements in the automotive industry.
Global Automotive Electro-hydraulic 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 Electro-hydraulic Power Steering Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Automotive Electro-hydraulic Power Steering Market Revenues & Volume, 2021 & 2031F |
3.3 Global Automotive Electro-hydraulic Power Steering Market - Industry Life Cycle |
3.4 Global Automotive Electro-hydraulic Power Steering Market - Porter's Five Forces |
3.5 Global Automotive Electro-hydraulic Power Steering Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Automotive Electro-hydraulic Power Steering Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.7 Global Automotive Electro-hydraulic Power Steering Market Revenues & Volume Share, By Component Type, 2021 & 2031F |
3.8 Global Automotive Electro-hydraulic Power Steering Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 Global Automotive Electro-hydraulic Power Steering Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Automotive Electro-hydraulic Power Steering Market Trends |
6 Global Automotive Electro-hydraulic Power Steering Market, 2021 - 2031 |
6.1 Global Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Passenger Cars, 2021 - 2031 |
6.1.3 Global Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Commercial Vehicles, 2021 - 2031 |
6.2 Global Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Component Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Steering Motors, 2021 - 2031 |
6.2.3 Global Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Sensors, 2021 - 2031 |
6.3 Global Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Original Equipment Manufacturer (OEM), 2021 - 2031 |
6.3.3 Global Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Aftermarket, 2021 - 2031 |
7 North America Automotive Electro-hydraulic Power Steering Market, Overview & Analysis |
7.1 North America Automotive Electro-hydraulic Power Steering Market Revenues & Volume, 2021 - 2031 |
7.2 North America Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
7.4 North America Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Component Type, 2021 - 2031 |
7.5 North America Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
8 Latin America (LATAM) Automotive Electro-hydraulic Power Steering Market, Overview & Analysis |
8.1 Latin America (LATAM) Automotive Electro-hydraulic Power Steering Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
8.4 Latin America (LATAM) Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Component Type, 2021 - 2031 |
8.5 Latin America (LATAM) Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
9 Asia Automotive Electro-hydraulic Power Steering Market, Overview & Analysis |
9.1 Asia Automotive Electro-hydraulic Power Steering Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
9.4 Asia Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Component Type, 2021 - 2031 |
9.5 Asia Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
10 Africa Automotive Electro-hydraulic Power Steering Market, Overview & Analysis |
10.1 Africa Automotive Electro-hydraulic Power Steering Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
10.4 Africa Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Component Type, 2021 - 2031 |
10.5 Africa Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
11 Europe Automotive Electro-hydraulic Power Steering Market, Overview & Analysis |
11.1 Europe Automotive Electro-hydraulic Power Steering Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
11.4 Europe Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Component Type, 2021 - 2031 |
11.5 Europe Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
12 Middle East Automotive Electro-hydraulic Power Steering Market, Overview & Analysis |
12.1 Middle East Automotive Electro-hydraulic Power Steering Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Vehicle Type, 2021 - 2031 |
12.4 Middle East Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Component Type, 2021 - 2031 |
12.5 Middle East Automotive Electro-hydraulic Power Steering Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
13 Global Automotive Electro-hydraulic Power Steering Market Key Performance Indicators |
14 Global Automotive Electro-hydraulic Power Steering Market - Export/Import By Countries Assessment |
15 Global Automotive Electro-hydraulic Power Steering Market - Opportunity Assessment |
15.1 Global Automotive Electro-hydraulic Power Steering Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Automotive Electro-hydraulic Power Steering Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
15.3 Global Automotive Electro-hydraulic Power Steering Market Opportunity Assessment, By Component Type, 2021 & 2031F |
15.4 Global Automotive Electro-hydraulic Power Steering Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
16 Global Automotive Electro-hydraulic Power Steering Market - Competitive Landscape |
16.1 Global Automotive Electro-hydraulic Power Steering Market Revenue Share, By Companies, 2024 |
16.2 Global Automotive Electro-hydraulic Power Steering Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |