| Product Code: ETC9960056 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The United States saw significant import shipments of automotive electric power steering systems in 2024, with top exporting countries including Mexico, China, Germany, South Korea, and Japan. The market remained highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 was strong at 8.83%, with a notable growth rate of 6.78% from 2023 to 2024, reflecting a continued demand for these products in the US automotive industry.
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 United States (US) Automotive Electric Power Steering Market Overview |
3.1 United States (US) Country Macro Economic Indicators |
3.2 United States (US) Automotive Electric Power Steering Market Revenues & Volume, 2021 & 2031F |
3.3 United States (US) Automotive Electric Power Steering Market - Industry Life Cycle |
3.4 United States (US) Automotive Electric Power Steering Market - Porter's Five Forces |
3.5 United States (US) Automotive Electric Power Steering Market Revenues & Volume Share, By Motor Assist, 2021 & 2031F |
3.6 United States (US) Automotive Electric Power Steering Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 United States (US) Automotive Electric Power Steering Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.8 United States (US) Automotive Electric Power Steering Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 United States (US) Automotive Electric Power Steering Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for fuel-efficient vehicles |
4.2.2 Growing focus on reducing carbon emissions |
4.2.3 Technological advancements leading to improved performance of electric power steering systems |
4.3 Market Restraints |
4.3.1 High initial cost of electric power steering systems |
4.3.2 Limited availability of skilled technicians for maintenance and repair |
4.3.3 Concerns regarding the reliability and durability of electric power steering systems |
5 United States (US) Automotive Electric Power Steering Market Trends |
6 United States (US) Automotive Electric Power Steering Market, By Types |
6.1 United States (US) Automotive Electric Power Steering Market, By Motor Assist |
6.1.1 Overview and Analysis |
6.1.2 United States (US) Automotive Electric Power Steering Market Revenues & Volume, By Motor Assist, 2021- 2031F |
6.1.3 United States (US) Automotive Electric Power Steering Market Revenues & Volume, By Column Assist, 2021- 2031F |
6.1.4 United States (US) Automotive Electric Power Steering Market Revenues & Volume, By Pinion Assist, 2021- 2031F |
6.1.5 United States (US) Automotive Electric Power Steering Market Revenues & Volume, By Rack Assist, 2021- 2031F |
6.2 United States (US) Automotive Electric Power Steering Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 United States (US) Automotive Electric Power Steering Market Revenues & Volume, By Conventional EPS, 2021- 2031F |
6.2.3 United States (US) Automotive Electric Power Steering Market Revenues & Volume, By EPS with ADAS, 2021- 2031F |
6.3 United States (US) Automotive Electric Power Steering Market, By Component |
6.3.1 Overview and Analysis |
6.3.2 United States (US) Automotive Electric Power Steering Market Revenues & Volume, By EPS Control Module, 2021- 2031F |
6.3.3 United States (US) Automotive Electric Power Steering Market Revenues & Volume, By Electric Motor, 2021- 2031F |
6.3.4 United States (US) Automotive Electric Power Steering Market Revenues & Volume, By Rack & Pinion, 2021- 2031F |
6.3.5 United States (US) Automotive Electric Power Steering Market Revenues & Volume, By Steering Column, 2021- 2031F |
6.4 United States (US) Automotive Electric Power Steering Market, By Vehicle Type |
6.4.1 Overview and Analysis |
6.4.2 United States (US) Automotive Electric Power Steering Market Revenues & Volume, By Passenger Vehicle, 2021- 2031F |
6.4.3 United States (US) Automotive Electric Power Steering Market Revenues & Volume, By Utility Vehicles, 2021- 2031F |
6.4.4 United States (US) Automotive Electric Power Steering Market Revenues & Volume, By Light Commercial Vehicles, 2021- 2031F |
6.4.5 United States (US) Automotive Electric Power Steering Market Revenues & Volume, By Heavy Duty Trucks, 2021- 2031F |
6.4.6 United States (US) Automotive Electric Power Steering Market Revenues & Volume, By Buses & Coaches, 2021- 2031F |
7 United States (US) Automotive Electric Power Steering Market Import-Export Trade Statistics |
7.1 United States (US) Automotive Electric Power Steering Market Export to Major Countries |
7.2 United States (US) Automotive Electric Power Steering Market Imports from Major Countries |
8 United States (US) Automotive Electric Power Steering Market Key Performance Indicators |
8.1 Adoption rate of electric power steering systems in new vehicle models |
8.2 Number of patents filed for electric power steering technology |
8.3 Average lifespan of electric power steering systems in vehicles |
8.4 Rate of customer satisfaction with electric power steering performance |
8.5 Number of recalls related to electric power steering systems |
9 United States (US) Automotive Electric Power Steering Market - Opportunity Assessment |
9.1 United States (US) Automotive Electric Power Steering Market Opportunity Assessment, By Motor Assist, 2021 & 2031F |
9.2 United States (US) Automotive Electric Power Steering Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 United States (US) Automotive Electric Power Steering Market Opportunity Assessment, By Component, 2021 & 2031F |
9.4 United States (US) Automotive Electric Power Steering Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
10 United States (US) Automotive Electric Power Steering Market - Competitive Landscape |
10.1 United States (US) Automotive Electric Power Steering Market Revenue Share, By Companies, 2024 |
10.2 United States (US) Automotive Electric Power Steering Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |