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

Name: Global Electric Steering System Market (2025 - 2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy

Market Forecast by Regions and Countries (North America, Europe, LATAM, Middle East, Asia and Africa), By Type (Column Assist EPS, Pinion Assist EPS, Rack Assist EPS, Direct Drive EPS), By Vehicle Type (Passenger Cars, Commercial Vehicles, SUVs, Sports Cars), By Component (Torque Sensor, Steering Motor, Controller Unit, Battery Backup), By Features (Energy Efficient, Reduced Steering Effort, Precision Control, Adaptive Steering), By Application (Urban Driving, Heavy-Duty Vehicles, Off-Road Driving, High-Speed Driving) And Competitive Landscape

Product Code: ETC13307285	Publication Date: Apr 2025	Updated Date: Jul 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Dhaval Chaurasia	No. of Pages: 190	No. of Figures: 80	No. of Tables: 40

Global Electric Steering System Market Size & Growth Rate

According to 6Wresearch internal database and industry insights, the Global Electric Steering System Market was valued at USD 27.3 Billion in 2024 and is expected to reach USD 42.6 Billion by 2031, growing at a compound annual growth rate of 5.98% during the forecast period (2025-2031).

Global Electric Steering System Market Overview

The global electric steering system market is experiencing substantial growth driven by the increasing demand for fuel-efficient vehicles and the integration of advanced driver assistance systems (ADAS) in modern vehicles. Electric steering systems offer improved fuel efficiency, enhanced vehicle stability, and better responsiveness compared to traditional hydraulic systems. The market is witnessing a shift towards electric power steering systems due to their lower energy consumption, reduced maintenance costs, and improved overall driving experience. Factors such as the rising trend of autonomous vehicles, technological advancements in the automotive industry, and stringent government regulations promoting vehicle safety are further propelling the market growth. Major players in the global electric steering system market include Bosch, JTEKT Corporation, Nexteer Automotive, NSK Ltd., and ZF Friedrichshafen AG.

Global Electric Steering System Market Trends and Opportunities

The Global Electric Steering System Market is experiencing significant growth due to the increasing demand for advanced driver assistance systems and autonomous vehicles. The shift towards electric vehicles is also driving the market expansion. Key trends include the integration of steering control with other vehicle systems for improved performance and the development of steer-by-wire technology for enhanced safety and efficiency. Opportunities in the market lie in the growing automotive industry in emerging economies, the increasing focus on enhancing fuel efficiency and reducing emissions, and the rising adoption of electric power steering systems in commercial vehicles. With ongoing technological advancements and regulatory initiatives promoting electric steering systems, the market is poised for continued growth and innovation in the coming years.

Global Electric Steering System Market Challenges

The Global Electric Steering System Market faces several challenges, including the high initial cost of implementation and maintenance of electric steering systems compared to traditional hydraulic systems. Additionally, concerns about the reliability and durability of electric steering systems in varying weather conditions and challenging terrains pose obstacles to widespread adoption. Furthermore, the complexity of electric steering systems requires specialized training for technicians, limiting the availability of skilled professionals for installation and repairs. Integration issues with other vehicle systems and the need for continuous software updates to ensure optimal performance also present challenges for manufacturers and consumers in the Global Electric Steering System Market. Overcoming these obstacles will be crucial for the continued growth and acceptance of electric steering systems in the automotive industry.

Global Electric Steering System Market Drivers

The Global Electric Steering System Market is primarily driven by the increasing demand for fuel-efficient vehicles and the growing trend towards advanced driver assistance systems (ADAS). Electric steering systems offer better fuel efficiency compared to traditional hydraulic steering systems, leading to their widespread adoption by automakers aiming to meet stringent emission regulations. The integration of electric steering systems with ADAS technologies such as lane-keeping assist and automated parking further enhances vehicle safety and convenience, driving market growth. Additionally, the rising consumer preference for electric vehicles, which often come equipped with electric steering systems for improved efficiency and performance, is also a key factor propelling the market forward. These factors combined are expected to continue driving the growth of the Global Electric Steering System Market in the coming years.

Global Electric Steering System Market Government Policy

Government policies related to the Global Electric Steering System Market vary by country. In the United States, regulations such as Corporate Average Fuel Economy (CAFE) standards drive the adoption of more fuel-efficient technologies like electric steering systems to reduce vehicle emissions. In the European Union, stringent emissions targets set by the European Commission`s CO2 standards incentivize automakers to implement electric steering systems to meet regulatory requirements. In China, the government`s focus on promoting electric vehicles through subsidies and incentives also indirectly supports the growth of the electric steering system market. Overall, government policies play a crucial role in shaping the market dynamics of the Global Electric Steering System Market by influencing technology adoption, vehicle production standards, and environmental sustainability goals.

Global Electric Steering System Market Future Outlook

The Global Electric Steering System Market is poised for significant growth in the coming years, driven by factors such as increasing demand for fuel-efficient vehicles, advancements in automotive technology, and the shift towards electric and autonomous vehicles. The market is expected to experience a steady rise in adoption due to the benefits offered by electric steering systems, including improved fuel efficiency, enhanced driving experience, and reduced maintenance costs. Additionally, stringent regulations related to vehicle safety and emissions are likely to further propel the market growth. As automakers continue to focus on developing more sustainable and efficient vehicles, the electric steering system market is anticipated to witness substantial expansion globally, presenting opportunities for key players to innovate and expand their product offerings to cater to the evolving automotive landscape.

Global Electric Steering System Market Regional Insights

In the Global Electric Steering System Market, Asia Pacific is anticipated to exhibit significant growth due to the increasing demand for vehicles in countries like China and India. North America is expected to witness steady growth owing to the presence of major automotive manufacturers and technological advancements. Europe is projected to show substantial growth driven by the rising adoption of electric vehicles and stringent regulations promoting fuel efficiency. The Middle East and Africa region is likely to experience moderate growth due to the growing automotive industry and investments in infrastructure development. Latin America is expected to see a gradual increase in the electric steering system market due to the growing automotive sector and government initiatives towards sustainable transportation solutions.

Key Highlights of the Report:

Global Electric Steering System Market Outlook
Market Size of Global Electric Steering System Market, 2024
Forecast of Global Electric Steering System Market, 2031
Historical Data and Forecast of Global Electric Steering System Revenues & Volume for the Period 2021 - 2031
Global Electric Steering System Market Trend Evolution
Global Electric Steering System Market Drivers and Challenges
Global Electric Steering System Price Trends
Global Electric Steering System Porter's Five Forces
Global Electric Steering System Industry Life Cycle
Historical Data and Forecast of Global Electric Steering System Market Revenues & Volume
Historical Data and Forecast of Global Electric Steering System Market Revenues & Volume By Type for the Period 2021 - 2031
Historical Data and Forecast of Global Electric Steering System Market Revenues & Volume By Column Assist EPS for the Period 2021 - 2031
Historical Data and Forecast of Global Electric Steering System Market Revenues & Volume By Pinion Assist EPS for the Period 2021 - 2031
Historical Data and Forecast of Global Electric Steering System Market Revenues & Volume By Rack Assist EPS for the Period 2021 - 2031
Historical Data and Forecast of Global Electric Steering System Market Revenues & Volume By Direct Drive EPS for the Period 2021 - 2031
Historical Data and Forecast of Global Electric Steering System Market Revenues & Volume By Vehicle Type for the Period 2021 - 2031
Historical Data and Forecast of Global Electric Steering System Market Revenues & Volume By Passenger Cars for the Period 2021 - 2031
Historical Data and Forecast of Global Electric Steering System Market Revenues & Volume By Commercial Vehicles for the Period 2021 - 2031
Historical Data and Forecast of Global Electric Steering System Market Revenues & Volume By SUVs for the Period 2021 - 2031
Historical Data and Forecast of Global Electric Steering System Market Revenues & Volume By Sports Cars for the Period 2021 - 2031
Historical Data and Forecast of Global Electric Steering System Market Revenues & Volume By Component for the Period 2021 - 2031
Historical Data and Forecast of Global Electric Steering System Market Revenues & Volume By Torque Sensor for the Period 2021 - 2031
Historical Data and Forecast of Global Electric Steering System Market Revenues & Volume By Steering Motor for the Period 2021 - 2031
Historical Data and Forecast of Global Electric Steering System Market Revenues & Volume By Controller Unit for the Period 2021 - 2031
Historical Data and Forecast of Global Electric Steering System Market Revenues & Volume By Battery Backup for the Period 2021 - 2031
Historical Data and Forecast of Global Electric Steering System Market Revenues & Volume By Features for the Period 2021 - 2031
Historical Data and Forecast of Global Electric Steering System Market Revenues & Volume By Energy Efficient for the Period 2021 - 2031
Historical Data and Forecast of Global Electric Steering System Market Revenues & Volume By Reduced Steering Effort for the Period 2021 - 2031
Historical Data and Forecast of Global Electric Steering System Market Revenues & Volume By Precision Control for the Period 2021 - 2031
Historical Data and Forecast of Global Electric Steering System Market Revenues & Volume By Adaptive Steering for the Period 2021 - 2031
Historical Data and Forecast of Global Electric Steering System Market Revenues & Volume By Application for the Period 2021 - 2031
Historical Data and Forecast of Global Electric Steering System Market Revenues & Volume By Urban Driving for the Period 2021 - 2031
Historical Data and Forecast of Global Electric Steering System Market Revenues & Volume By Heavy-Duty Vehicles for the Period 2021 - 2031
Historical Data and Forecast of Global Electric Steering System Market Revenues & Volume By Off-Road Driving for the Period 2021 - 2031
Historical Data and Forecast of Global Electric Steering System Market Revenues & Volume By High-Speed Driving for the Period 2021 - 2031
Historical Data and Forecast of North America Electric Steering System Market Revenues & Volume By Type for the Period 2021 - 2031
Historical Data and Forecast of North America Electric Steering System Market Revenues & Volume By Column Assist EPS for the Period 2021 - 2031
Historical Data and Forecast of North America Electric Steering System Market Revenues & Volume By Pinion Assist EPS for the Period 2021 - 2031
Historical Data and Forecast of North America Electric Steering System Market Revenues & Volume By Rack Assist EPS for the Period 2021 - 2031
Historical Data and Forecast of North America Electric Steering System Market Revenues & Volume By Direct Drive EPS for the Period 2021 - 2031
Historical Data and Forecast of North America Electric Steering System Market Revenues & Volume By Vehicle Type for the Period 2021 - 2031
Historical Data and Forecast of North America Electric Steering System Market Revenues & Volume By Passenger Cars for the Period 2021 - 2031
Historical Data and Forecast of North America Electric Steering System Market Revenues & Volume By Commercial Vehicles for the Period 2021 - 2031
Historical Data and Forecast of North America Electric Steering System Market Revenues & Volume By SUVs for the Period 2021 - 2031
Historical Data and Forecast of North America Electric Steering System Market Revenues & Volume By Sports Cars for the Period 2021 - 2031
Historical Data and Forecast of North America Electric Steering System Market Revenues & Volume By Component for the Period 2021 - 2031
Historical Data and Forecast of North America Electric Steering System Market Revenues & Volume By Torque Sensor for the Period 2021 - 2031
Historical Data and Forecast of North America Electric Steering System Market Revenues & Volume By Steering Motor for the Period 2021 - 2031
Historical Data and Forecast of North America Electric Steering System Market Revenues & Volume By Controller Unit for the Period 2021 - 2031
Historical Data and Forecast of North America Electric Steering System Market Revenues & Volume By Battery Backup for the Period 2021 - 2031
Historical Data and Forecast of North America Electric Steering System Market Revenues & Volume By Features for the Period 2021 - 2031
Historical Data and Forecast of North America Electric Steering System Market Revenues & Volume By Energy Efficient for the Period 2021 - 2031
Historical Data and Forecast of North America Electric Steering System Market Revenues & Volume By Reduced Steering Effort for the Period 2021 - 2031
Historical Data and Forecast of North America Electric Steering System Market Revenues & Volume By Precision Control for the Period 2021 - 2031
Historical Data and Forecast of North America Electric Steering System Market Revenues & Volume By Adaptive Steering for the Period 2021 - 2031
Historical Data and Forecast of North America Electric Steering System Market Revenues & Volume By Application for the Period 2021 - 2031
Historical Data and Forecast of North America Electric Steering System Market Revenues & Volume By Urban Driving for the Period 2021 - 2031
Historical Data and Forecast of North America Electric Steering System Market Revenues & Volume By Heavy-Duty Vehicles for the Period 2021 - 2031
Historical Data and Forecast of North America Electric Steering System Market Revenues & Volume By Off-Road Driving for the Period 2021 - 2031
Historical Data and Forecast of North America Electric Steering System Market Revenues & Volume By High-Speed Driving for the Period 2021 - 2031
Historical Data and Forecast of United States of America Electric Steering System Market Revenues & Volume for the Period 2021 - 2031
Historical Data and Forecast of Canada Electric Steering System Market Revenues & Volume for the Period 2021 - 2031
Historical Data and Forecast of Rest of North America Electric Steering System Market Revenues & Volume for the Period 2021 - 2031
Historical Data and Forecast of Latin America (LATAM) Electric Steering System Market Revenues & Volume By Type for the Period 2021 - 2031
Historical Data and Forecast of Latin America (LATAM) Electric Steering System Market Revenues & Volume By Column Assist EPS for the Period 2021 - 2031
Historical Data and Forecast of Latin America (LATAM) Electric Steering System Market Revenues & Volume By Pinion Assist EPS for the Period 2021 - 2031
Historical Data and Forecast of Latin America (LATAM) Electric Steering System Market Revenues & Volume By Rack Assist EPS for the Period 2021 - 2031
Historical Data and Forecast of Latin America (LATAM) Electric Steering System Market Revenues & Volume By Direct Drive EPS for the Period 2021 - 2031
Historical Data and Forecast of Latin America (LATAM) Electric Steering System Market Revenues & Volume By Vehicle Type for the Period 2021 - 2031
Historical Data and Forecast of Latin America (LATAM) Electric Steering System Market Revenues & Volume By Passenger Cars for the Period 2021 - 2031
Historical Data and Forecast of Latin America (LATAM) Electric Steering System Market Revenues & Volume By Commercial Vehicles for the Period 2021 - 2031
Historical Data and Forecast of Latin America (LATAM) Electric Steering System Market Revenues & Volume By SUVs for the Period 2021 - 2031
Historical Data and Forecast of Latin America (LATAM) Electric Steering System Market Revenues & Volume By Sports Cars for the Period 2021 - 2031
Historical Data and Forecast of Latin America (LATAM) Electric Steering System Market Revenues & Volume By Component for the Period 2021 - 2031
Historical Data and Forecast of Latin America (LATAM) Electric Steering System Market Revenues & Volume By Torque Sensor for the Period 2021 - 2031
Historical Data and Forecast of Latin America (LATAM) Electric Steering System Market Revenues & Volume By Steering Motor for the Period 2021 - 2031
Historical Data and Forecast of Latin America (LATAM) Electric Steering System Market Revenues & Volume By Controller Unit for the Period 2021 - 2031
Historical Data and Forecast of Latin America (LATAM) Electric Steering System Market Revenues & Volume By Battery Backup for the Period 2021 - 2031
Historical Data and Forecast of Latin America (LATAM) Electric Steering System Market Revenues & Volume By Features for the Period 2021 - 2031
Historical Data and Forecast of Latin America (LATAM) Electric Steering System Market Revenues & Volume By Energy Efficient for the Period 2021 - 2031
Historical Data and Forecast of Latin America (LATAM) Electric Steering System Market Revenues & Volume By Reduced Steering Effort for the Period 2021 - 2031
Historical Data and Forecast of Latin America (LATAM) Electric Steering System Market Revenues & Volume By Precision Control for the Period 2021 - 2031
Historical Data and Forecast of Latin America (LATAM) Electric Steering System Market Revenues & Volume By Adaptive Steering for the Period 2021 - 2031
Historical Data and Forecast of Latin America (LATAM) Electric Steering System Market Revenues & Volume By Application for the Period 2021 - 2031
Historical Data and Forecast of Latin America (LATAM) Electric Steering System Market Revenues & Volume By Urban Driving for the Period 2021 - 2031
Historical Data and Forecast of Latin America (LATAM) Electric Steering System Market Revenues & Volume By Heavy-Duty Vehicles for the Period 2021 - 2031
Historical Data and Forecast of Latin America (LATAM) Electric Steering System Market Revenues & Volume By Off-Road Driving for the Period 2021 - 2031
Historical Data and Forecast of Latin America (LATAM) Electric Steering System Market Revenues & Volume By High-Speed Driving for the Period 2021 - 2031
Historical Data and Forecast of Brazil Electric Steering System Market Revenues & Volume for the Period 2021 - 2031
Historical Data and Forecast of Mexico Electric Steering System Market Revenues & Volume for the Period 2021 - 2031
Historical Data and Forecast of Argentina Electric Steering System Market Revenues & Volume for the Period 2021 - 2031
Historical Data and Forecast of Rest of LATAM Electric Steering System Market Revenues & Volume for the Period 2021 - 2031
Historical Data and Forecast of Asia Electric Steering System Market Revenues & Volume By Type for the Period 2021 - 2031
Historical Data and Forecast of Asia Electric Steering System Market Revenues & Volume By Column Assist EPS for the Period 2021 - 2031
Historical Data and Forecast of Asia Electric Steering System Market Revenues & Volume By Pinion Assist EPS for the Period 2021 - 2031
Historical Data and Forecast of Asia Electric Steering System Market Revenues & Volume By Rack Assist EPS for the Period 2021 - 2031
Historical Data and Forecast of Asia Electric Steering System Market Revenues & Volume By Direct Drive EPS for the Period 2021 - 2031
Historical Data and Forecast of Asia Electric Steering System Market Revenues & Volume By Vehicle Type for the Period 2021 - 2031
Historical Data and Forecast of Asia Electric Steering System Market Revenues & Volume By Passenger Cars for the Period 2021 - 2031
Historical Data and Forecast of Asia Electric Steering System Market Revenues & Volume By Commercial Vehicles for the Period 2021 - 2031
Historical Data and Forecast of Asia Electric Steering System Market Revenues & Volume By SUVs for the Period 2021 - 2031
Historical Data and Forecast of Asia Electric Steering System Market Revenues & Volume By Sports Cars for the Period 2021 - 2031
Historical Data and Forecast of Asia Electric Steering System Market Revenues & Volume By Component for the Period 2021 - 2031
Historical Data and Forecast of Asia Electric Steering System Market Revenues & Volume By Torque Sensor for the Period 2021 - 2031
Historical Data and Forecast of Asia Electric Steering System Market Revenues & Volume By Steering Motor for the Period 2021 - 2031
Historical Data and Forecast of Asia Electric Steering System Market Revenues & Volume By Controller Unit for the Period 2021 - 2031
Historical Data and Forecast of Asia Electric Steering System Market Revenues & Volume By Battery Backup for the Period 2021 - 2031
Historical Data and Forecast of Asia Electric Steering System Market Revenues & Volume By Features for the Period 2021 - 2031
Historical Data and Forecast of Asia Electric Steering System Market Revenues & Volume By Energy Efficient for the Period 2021 - 2031
Historical Data and Forecast of Asia Electric Steering System Market Revenues & Volume By Reduced Steering Effort for the Period 2021 - 2031
Historical Data and Forecast of Asia Electric Steering System Market Revenues & Volume By Precision Control for the Period 2021 - 2031
Historical Data and Forecast of Asia Electric Steering System Market Revenues & Volume By Adaptive Steering for the Period 2021 - 2031
Historical Data and Forecast of Asia Electric Steering System Market Revenues & Volume By Application for the Period 2021 - 2031
Historical Data and Forecast of Asia Electric Steering System Market Revenues & Volume By Urban Driving for the Period 2021 - 2031
Historical Data and Forecast of Asia Electric Steering System Market Revenues & Volume By Heavy-Duty Vehicles for the Period 2021 - 2031
Historical Data and Forecast of Asia Electric Steering System Market Revenues & Volume By Off-Road Driving for the Period 2021 - 2031
Historical Data and Forecast of Asia Electric Steering System Market Revenues & Volume By High-Speed Driving for the Period 2021 - 2031
Historical Data and Forecast of China Electric Steering System Market Revenues & Volume for the Period 2021 - 2031
Historical Data and Forecast of India Electric Steering System Market Revenues & Volume for the Period 2021 - 2031
Historical Data and Forecast of Japan Electric Steering System Market Revenues & Volume for the Period 2021 - 2031
Historical Data and Forecast of Rest of Asia Electric Steering System Market Revenues & Volume for the Period 2021 - 2031
Historical Data and Forecast of Africa Electric Steering System Market Revenues & Volume By Type for the Period 2021 - 2031
Historical Data and Forecast of Africa Electric Steering System Market Revenues & Volume By Column Assist EPS for the Period 2021 - 2031
Historical Data and Forecast of Africa Electric Steering System Market Revenues & Volume By Pinion Assist EPS for the Period 2021 - 2031
Historical Data and Forecast of Africa Electric Steering System Market Revenues & Volume By Rack Assist EPS for the Period 2021 - 2031
Historical Data and Forecast of Africa Electric Steering System Market Revenues & Volume By Direct Drive EPS for the Period 2021 - 2031
Historical Data and Forecast of Africa Electric Steering System Market Revenues & Volume By Vehicle Type for the Period 2021 - 2031
Historical Data and Forecast of Africa Electric Steering System Market Revenues & Volume By Passenger Cars for the Period 2021 - 2031
Historical Data and Forecast of Africa Electric Steering System Market Revenues & Volume By Commercial Vehicles for the Period 2021 - 2031
Historical Data and Forecast of Africa Electric Steering System Market Revenues & Volume By SUVs for the Period 2021 - 2031
Historical Data and Forecast of Africa Electric Steering System Market Revenues & Volume By Sports Cars for the Period 2021 - 2031
Historical Data and Forecast of Africa Electric Steering System Market Revenues & Volume By Component for the Period 2021 - 2031
Historical Data and Forecast of Africa Electric Steering System Market Revenues & Volume By Torque Sensor for the Period 2021 - 2031
Historical Data and Forecast of Africa Electric Steering System Market Revenues & Volume By Steering Motor for the Period 2021 - 2031
Historical Data and Forecast of Africa Electric Steering System Market Revenues & Volume By Controller Unit for the Period 2021 - 2031
Historical Data and Forecast of Africa Electric Steering System Market Revenues & Volume By Battery Backup for the Period 2021 - 2031
Historical Data and Forecast of Africa Electric Steering System Market Revenues & Volume By Features for the Period 2021 - 2031
Historical Data and Forecast of Africa Electric Steering System Market Revenues & Volume By Energy Efficient for the Period 2021 - 2031
Historical Data and Forecast of Africa Electric Steering System Market Revenues & Volume By Reduced Steering Effort for the Period 2021 - 2031
Historical Data and Forecast of Africa Electric Steering System Market Revenues & Volume By Precision Control for the Period 2021 - 2031
Historical Data and Forecast of Africa Electric Steering System Market Revenues & Volume By Adaptive Steering for the Period 2021 - 2031
Historical Data and Forecast of Africa Electric Steering System Market Revenues & Volume By Application for the Period 2021 - 2031
Historical Data and Forecast of Africa Electric Steering System Market Revenues & Volume By Urban Driving for the Period 2021 - 2031
Historical Data and Forecast of Africa Electric Steering System Market Revenues & Volume By Heavy-Duty Vehicles for the Period 2021 - 2031
Historical Data and Forecast of Africa Electric Steering System Market Revenues & Volume By Off-Road Driving for the Period 2021 - 2031
Historical Data and Forecast of Africa Electric Steering System Market Revenues & Volume By High-Speed Driving for the Period 2021 - 2031
Historical Data and Forecast of South Africa Electric Steering System Market Revenues & Volume for the Period 2021 - 2031
Historical Data and Forecast of Nigeria Electric Steering System Market Revenues & Volume for the Period 2021 - 2031
Historical Data and Forecast of Egypt Electric Steering System Market Revenues & Volume for the Period 2021 - 2031
Historical Data and Forecast of Rest of Africa Electric Steering System Market Revenues & Volume for the Period 2021 - 2031
Historical Data and Forecast of Europe Electric Steering System Market Revenues & Volume By Type for the Period 2021 - 2031
Historical Data and Forecast of Europe Electric Steering System Market Revenues & Volume By Column Assist EPS for the Period 2021 - 2031
Historical Data and Forecast of Europe Electric Steering System Market Revenues & Volume By Pinion Assist EPS for the Period 2021 - 2031
Historical Data and Forecast of Europe Electric Steering System Market Revenues & Volume By Rack Assist EPS for the Period 2021 - 2031
Historical Data and Forecast of Europe Electric Steering System Market Revenues & Volume By Direct Drive EPS for the Period 2021 - 2031
Historical Data and Forecast of Europe Electric Steering System Market Revenues & Volume By Vehicle Type for the Period 2021 - 2031
Historical Data and Forecast of Europe Electric Steering System Market Revenues & Volume By Passenger Cars for the Period 2021 - 2031
Historical Data and Forecast of Europe Electric Steering System Market Revenues & Volume By Commercial Vehicles for the Period 2021 - 2031
Historical Data and Forecast of Europe Electric Steering System Market Revenues & Volume By SUVs for the Period 2021 - 2031
Historical Data and Forecast of Europe Electric Steering System Market Revenues & Volume By Sports Cars for the Period 2021 - 2031
Historical Data and Forecast of Europe Electric Steering System Market Revenues & Volume By Component for the Period 2021 - 2031
Historical Data and Forecast of Europe Electric Steering System Market Revenues & Volume By Torque Sensor for the Period 2021 - 2031
Historical Data and Forecast of Europe Electric Steering System Market Revenues & Volume By Steering Motor for the Period 2021 - 2031
Historical Data and Forecast of Europe Electric Steering System Market Revenues & Volume By Controller Unit for the Period 2021 - 2031
Historical Data and Forecast of Europe Electric Steering System Market Revenues & Volume By Battery Backup for the Period 2021 - 2031
Historical Data and Forecast of Europe Electric Steering System Market Revenues & Volume By Features for the Period 2021 - 2031
Historical Data and Forecast of Europe Electric Steering System Market Revenues & Volume By Energy Efficient for the Period 2021 - 2031
Historical Data and Forecast of Europe Electric Steering System Market Revenues & Volume By Reduced Steering Effort for the Period 2021 - 2031
Historical Data and Forecast of Europe Electric Steering System Market Revenues & Volume By Precision Control for the Period 2021 - 2031
Historical Data and Forecast of Europe Electric Steering System Market Revenues & Volume By Adaptive Steering for the Period 2021 - 2031
Historical Data and Forecast of Europe Electric Steering System Market Revenues & Volume By Application for the Period 2021 - 2031
Historical Data and Forecast of Europe Electric Steering System Market Revenues & Volume By Urban Driving for the Period 2021 - 2031
Historical Data and Forecast of Europe Electric Steering System Market Revenues & Volume By Heavy-Duty Vehicles for the Period 2021 - 2031
Historical Data and Forecast of Europe Electric Steering System Market Revenues & Volume By Off-Road Driving for the Period 2021 - 2031
Historical Data and Forecast of Europe Electric Steering System Market Revenues & Volume By High-Speed Driving for the Period 2021 - 2031
Historical Data and Forecast of United Kingdom Electric Steering System Market Revenues & Volume for the Period 2021 - 2031
Historical Data and Forecast of France Electric Steering System Market Revenues & Volume for the Period 2021 - 2031
Historical Data and Forecast of Germany Electric Steering System Market Revenues & Volume for the Period 2021 - 2031
Historical Data and Forecast of Rest of Europe Electric Steering System Market Revenues & Volume for the Period 2021 - 2031
Historical Data and Forecast of Middle East Electric Steering System Market Revenues & Volume By Type for the Period 2021 - 2031
Historical Data and Forecast of Middle East Electric Steering System Market Revenues & Volume By Column Assist EPS for the Period 2021 - 2031
Historical Data and Forecast of Middle East Electric Steering System Market Revenues & Volume By Pinion Assist EPS for the Period 2021 - 2031
Historical Data and Forecast of Middle East Electric Steering System Market Revenues & Volume By Rack Assist EPS for the Period 2021 - 2031
Historical Data and Forecast of Middle East Electric Steering System Market Revenues & Volume By Direct Drive EPS for the Period 2021 - 2031
Historical Data and Forecast of Middle East Electric Steering System Market Revenues & Volume By Vehicle Type for the Period 2021 - 2031
Historical Data and Forecast of Middle East Electric Steering System Market Revenues & Volume By Passenger Cars for the Period 2021 - 2031
Historical Data and Forecast of Middle East Electric Steering System Market Revenues & Volume By Commercial Vehicles for the Period 2021 - 2031
Historical Data and Forecast of Middle East Electric Steering System Market Revenues & Volume By SUVs for the Period 2021 - 2031
Historical Data and Forecast of Middle East Electric Steering System Market Revenues & Volume By Sports Cars for the Period 2021 - 2031
Historical Data and Forecast of Middle East Electric Steering System Market Revenues & Volume By Component for the Period 2021 - 2031
Historical Data and Forecast of Middle East Electric Steering System Market Revenues & Volume By Torque Sensor for the Period 2021 - 2031
Historical Data and Forecast of Middle East Electric Steering System Market Revenues & Volume By Steering Motor for the Period 2021 - 2031
Historical Data and Forecast of Middle East Electric Steering System Market Revenues & Volume By Controller Unit for the Period 2021 - 2031
Historical Data and Forecast of Middle East Electric Steering System Market Revenues & Volume By Battery Backup for the Period 2021 - 2031
Historical Data and Forecast of Middle East Electric Steering System Market Revenues & Volume By Features for the Period 2021 - 2031
Historical Data and Forecast of Middle East Electric Steering System Market Revenues & Volume By Energy Efficient for the Period 2021 - 2031
Historical Data and Forecast of Middle East Electric Steering System Market Revenues & Volume By Reduced Steering Effort for the Period 2021 - 2031
Historical Data and Forecast of Middle East Electric Steering System Market Revenues & Volume By Precision Control for the Period 2021 - 2031
Historical Data and Forecast of Middle East Electric Steering System Market Revenues & Volume By Adaptive Steering for the Period 2021 - 2031
Historical Data and Forecast of Middle East Electric Steering System Market Revenues & Volume By Application for the Period 2021 - 2031
Historical Data and Forecast of Middle East Electric Steering System Market Revenues & Volume By Urban Driving for the Period 2021 - 2031
Historical Data and Forecast of Middle East Electric Steering System Market Revenues & Volume By Heavy-Duty Vehicles for the Period 2021 - 2031
Historical Data and Forecast of Middle East Electric Steering System Market Revenues & Volume By Off-Road Driving for the Period 2021 - 2031
Historical Data and Forecast of Middle East Electric Steering System Market Revenues & Volume By High-Speed Driving for the Period 2021 - 2031
Historical Data and Forecast of Saudi Arabia Electric Steering System Market Revenues & Volume for the Period 2021 - 2031
Historical Data and Forecast of UAE Electric Steering System Market Revenues & Volume for the Period 2021 - 2031
Historical Data and Forecast of Turkey Electric Steering System Market Revenues & Volume for the Period 2021 - 2031
Historical Data and Forecast of Rest of Middle East Electric Steering System Market Revenues & Volume for the Period 2021 - 2031
Global Electric Steering System Market - Key Performance Indicators
Global Electric Steering System Market - Import Export Trade Statistics
Global Electric Steering System Market - Opportunity Assessment By Countries
Global Electric Steering System Market - Opportunity Assessment By Type
Global Electric Steering System Market - Opportunity Assessment By Vehicle Type
Global Electric Steering System Market - Opportunity Assessment By Component
Global Electric Steering System Market - Opportunity Assessment By Features
Global Electric Steering System Market - Opportunity Assessment By Application
Global Electric Steering System Market - Top Companies Market Share
Global Electric Steering System Market - Top Companies Profiles
Global Electric Steering System Market - Comparison of Players in Technical and Operating Parameters
Global Electric Steering System Market - Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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Global Electric Steering System 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 Steering System Market Overview

3.1 Global Regional Macro Economic Indicators

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

3.3 Global Electric Steering System Market - Industry Life Cycle

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

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

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

3.7 Global Electric Steering System Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F

3.8 Global Electric Steering System Market Revenues & Volume Share, By Component, 2021 & 2031F

3.9 Global Electric Steering System Market Revenues & Volume Share, By Features, 2021 & 2031F

3.10 Global Electric Steering System Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Global Electric Steering System Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Global Electric Steering System Market Trends

6 Global Electric Steering System Market, 2021 - 2031

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

6.1.1 Overview & Analysis

6.1.2 Global Electric Steering System Market, Revenues & Volume, By Column Assist EPS, 2021 - 2031

6.1.3 Global Electric Steering System Market, Revenues & Volume, By Pinion Assist EPS, 2021 - 2031

6.1.4 Global Electric Steering System Market, Revenues & Volume, By Rack Assist EPS, 2021 - 2031

6.1.5 Global Electric Steering System Market, Revenues & Volume, By Direct Drive EPS, 2021 - 2031

6.2 Global Electric Steering System Market, Revenues & Volume, By Vehicle Type, 2021 - 2031

6.2.1 Overview & Analysis

6.2.2 Global Electric Steering System Market, Revenues & Volume, By Passenger Cars, 2021 - 2031

6.2.3 Global Electric Steering System Market, Revenues & Volume, By Commercial Vehicles, 2021 - 2031

6.2.4 Global Electric Steering System Market, Revenues & Volume, By SUVs, 2021 - 2031

6.2.5 Global Electric Steering System Market, Revenues & Volume, By Sports Cars, 2021 - 2031

6.3 Global Electric Steering System Market, Revenues & Volume, By Component, 2021 - 2031

6.3.1 Overview & Analysis

6.3.2 Global Electric Steering System Market, Revenues & Volume, By Torque Sensor, 2021 - 2031

6.3.3 Global Electric Steering System Market, Revenues & Volume, By Steering Motor, 2021 - 2031

6.3.4 Global Electric Steering System Market, Revenues & Volume, By Controller Unit, 2021 - 2031

6.3.5 Global Electric Steering System Market, Revenues & Volume, By Battery Backup, 2021 - 2031

6.4 Global Electric Steering System Market, Revenues & Volume, By Features, 2021 - 2031

6.4.1 Overview & Analysis

6.4.2 Global Electric Steering System Market, Revenues & Volume, By Energy Efficient, 2021 - 2031

6.4.3 Global Electric Steering System Market, Revenues & Volume, By Reduced Steering Effort, 2021 - 2031

6.4.4 Global Electric Steering System Market, Revenues & Volume, By Precision Control, 2021 - 2031

6.4.5 Global Electric Steering System Market, Revenues & Volume, By Adaptive Steering, 2021 - 2031

6.5 Global Electric Steering System Market, Revenues & Volume, By Application, 2021 - 2031

6.5.1 Overview & Analysis

6.5.2 Global Electric Steering System Market, Revenues & Volume, By Urban Driving, 2021 - 2031

6.5.3 Global Electric Steering System Market, Revenues & Volume, By Heavy-Duty Vehicles, 2021 - 2031

6.5.4 Global Electric Steering System Market, Revenues & Volume, By Off-Road Driving, 2021 - 2031

6.5.5 Global Electric Steering System Market, Revenues & Volume, By High-Speed Driving, 2021 - 2031

7 North America Electric Steering System Market, Overview & Analysis

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

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

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

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

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

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

7.4 North America Electric Steering System Market, Revenues & Volume, By Vehicle Type, 2021 - 2031

7.5 North America Electric Steering System Market, Revenues & Volume, By Component, 2021 - 2031

7.6 North America Electric Steering System Market, Revenues & Volume, By Features, 2021 - 2031

7.7 North America Electric Steering System Market, Revenues & Volume, By Application, 2021 - 2031

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

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

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

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

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

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

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

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

8.4 Latin America (LATAM) Electric Steering System Market, Revenues & Volume, By Vehicle Type, 2021 - 2031

8.5 Latin America (LATAM) Electric Steering System Market, Revenues & Volume, By Component, 2021 - 2031

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

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

9 Asia Electric Steering System Market, Overview & Analysis

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

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

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

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

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

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

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

9.4 Asia Electric Steering System Market, Revenues & Volume, By Vehicle Type, 2021 - 2031

9.5 Asia Electric Steering System Market, Revenues & Volume, By Component, 2021 - 2031

9.6 Asia Electric Steering System Market, Revenues & Volume, By Features, 2021 - 2031

9.7 Asia Electric Steering System Market, Revenues & Volume, By Application, 2021 - 2031

10 Africa Electric Steering System Market, Overview & Analysis

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

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

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

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

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

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

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

10.4 Africa Electric Steering System Market, Revenues & Volume, By Vehicle Type, 2021 - 2031

10.5 Africa Electric Steering System Market, Revenues & Volume, By Component, 2021 - 2031

10.6 Africa Electric Steering System Market, Revenues & Volume, By Features, 2021 - 2031

10.7 Africa Electric Steering System Market, Revenues & Volume, By Application, 2021 - 2031

11 Europe Electric Steering System Market, Overview & Analysis

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

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

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

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

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

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

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

11.4 Europe Electric Steering System Market, Revenues & Volume, By Vehicle Type, 2021 - 2031

11.5 Europe Electric Steering System Market, Revenues & Volume, By Component, 2021 - 2031

11.6 Europe Electric Steering System Market, Revenues & Volume, By Features, 2021 - 2031

11.7 Europe Electric Steering System Market, Revenues & Volume, By Application, 2021 - 2031

12 Middle East Electric Steering System Market, Overview & Analysis

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

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

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

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

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

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

12.4 Middle East Electric Steering System Market, Revenues & Volume, By Vehicle Type, 2021 - 2031

12.5 Middle East Electric Steering System Market, Revenues & Volume, By Component, 2021 - 2031

12.6 Middle East Electric Steering System Market, Revenues & Volume, By Features, 2021 - 2031

12.7 Middle East Electric Steering System Market, Revenues & Volume, By Application, 2021 - 2031

13 Global Electric Steering System Market Key Performance Indicators

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

15 Global Electric Steering System Market - Opportunity Assessment

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

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

15.3 Global Electric Steering System Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F

15.4 Global Electric Steering System Market Opportunity Assessment, By Component, 2021 & 2031F

15.5 Global Electric Steering System Market Opportunity Assessment, By Features, 2021 & 2031F

15.6 Global Electric Steering System Market Opportunity Assessment, By Application, 2021 & 2031F

16 Global Electric Steering System Market - Competitive Landscape

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

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

17 Top 10 Company Profiles

18 Recommendations

19 Disclaimer

Africa Electric Steering System Market

Iraq Electric Steering System Market

Italy Electric Steering System Market

Japan Electric Steering System Market

Jordan Electric Steering System Market

Kazakhstan Electric Steering System Market

Middle East Electric Steering System Market

North America Electric Steering System Market

Export potential assessment - trade Analytics for 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.

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