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Global Automotive Electric Power Steering Market Report, Size, Share, Opportunities, and Trends By Product Type, Vehicle Type, and Geography – Forecast from 2025 to 2030

Market Size (start of forecast)
USD 29.346 billion
Market Size (end of forecast)
USD 39.559 billion
CAGR
6.15%
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Automotive Electric Power Steering Market Size:

The Global Automotive Electric Power Steering Market is expected to grow from USD 29.346 billion in 2025 to USD 39.559 billion in 2030, at a CAGR of 6.15%.

Highlights:

  1. 1
    Manufacturers are rapidly adopting electric power steering (EPS) for enhanced safety and reduced driver effort.
  2. 2
    Companies are launching advanced EPS technologies for heavy-duty trucks and commercial vehicles.
  3. 3
    Passenger vehicles are increasingly integrating column-assisted EPS (C-EPS) as the dominant choice.
  4. 4
    Asia-Pacific is leading global EPS demand due to rising vehicle production and safety focus.

This growth is attributed to the increase in demand for better steering systems that minimize driver effort and make driving safer and more convenient.

A bar chart showing Automotive Electric Power Steering Market size in USD Billion from 2025 to 2030

Power steering is a type of steering system that provides assistance to the driver by increasing the steering effort needed to turn the steering wheel, thus making it simpler to turn. Electric power steering is a type of power steering system that is abbreviated as EPS or EPAS. It can also be called motor-driven power steering or MDPS. The electric power steering system uses an electric motor to provide power assistance to the driver while steering. There are sensors that detect the position and torque of the steering column and send this information to the electronic power steering module, which then controls the speed of the motor and provides the required torque according to different driving conditions and situations.

EPS system has many advantages as well such as they are very effective and fuel efficient due to the no running hydraulic pump. There is also there is no chance of leakage of hydraulic fluid. Another advantage is that there are no hydraulic pumps, hoses, or components mounted on the chassis. The key players are actively involved in bringing new technologies and making investments in improving the electric power steering market. For example, in October 2020, Nexteer Automotive introduced High-Output Electric Power Steering (EPS), which offers cutting-edge safety and comfort features as well as improved fuel efficiency for heavy-duty (HD) trucks and light commercial vehicles (LCVs).  Also, in November 2020, Scania launched Electrically Assisted Steering. The electrically assisted steering improves the driving experience and enables new or improved driver support systems.

As the demand for better technologies in the steering systems of vehicles is rising, there are better technologies being incorporated in cars to improve the driving safety and driving experience so that people can enjoy a comfortable drive. These factors are driving the automotive electric power steering market.

SEGMENT SHARE DISTRIBUTION (ILLUSTRATIVE)
Market Share Breakdown — By Product Type
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C-EPS
P-EPS
R-EPS
Bar lengths are illustrative. The full report gives historical and forecast revenue for each segment.
HISTORICAL & FORECAST DATA TABLE (ILLUSTRATIVE)
By Product Type — Revenue by Year (2025–2031)
Segment202520262027202820292030CAGR (%)
C-EPS
P-EPS
R-EPS
Total Market SizeUSD 29.346 billionUSD 39.559 billion6.15%
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Automotive Electric Power Steering Market Segmentation Analysis:

  • By Product Type

On the basis of product type, the global automotive electric power steering market is segmented as C-EPS, P-EPS, and R-EPS. C-EPS holds a notable amount of share in the market owing to the fact that the demand for passenger cars is increasing and most of the passenger cars that are produced come with C-EPS.

  • By Vehicle type

On the basis of vehicle type, the global automotive electric power steering market is segmented as passenger vehicles, light commercial vehicles, and heavy commercial vehicles. Passenger vehicles hold a significant amount of market share due to the increasing production and demand for passenger vehicles and more demand for better steering systems to improve driving safety and convenience.

  • By Geography

By geography, the global automotive electric power steering market is segmented as North America, Europe, Middle East & Africa, Asia-Pacific, and South America. Asia-Pacific holds a significant share of the market owing to the fact that the demand and production of vehicles are greater in this region.

Automotive Electric Power Steering Market Competitive Landscape:

The presence of diverse international, regional, and local players makes the global automotive electric power steering market competitive. The competitive landscape details key players' strategies, products, and investments in various technologies and companies to increase their market presence.

Automotive Electric Power Steering Market Scope:

Report Metric Details
Total Market Size in 2026 USD 29.346 billion
Total Market Size in 2031 USD 39.559 billion
Growth Rate 6.15%
Study Period 2021 to 2031
Historical Data 2021 to 2024
Base Year 2025
Forecast Period 2026 – 2031
Segmentation Product Type, Vehicle Type, Geography
Companies
  • Pacific Century Motors
  • Hyundai Motor Group
  • Robert Bosch GmbH
  • ZF Friedrichschafen AG
  • HL Mando Corp.
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Automotive Electric Power Steering Market Segmentation:

  • By Product Type
    • C-EPS
    • P-EPS
    • R-EPS
  • By Vehicle Type
    • Passenger Vehicle
    • Commercial Vehicle
      • Light Commercial Vehicle
      • Heavy Commercial Vehicle
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Indonesia
      • Thailand
      • Taiwan
      • Others

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Market Segmentation

By Product Type

C-EPS
P-EPS
R-EPS

By Vehicle Type

Passenger Vehicle
Commercial Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle

By Geography

North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East & Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Indonesia
Thailand
Taiwan
Others
Geographical Segmentation
  • Middle East and Africa

Table of Contents

1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK 

5. GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET BY PRODUCT TYPE 

5.1. Introduction

5.2. C-EPS

5.3. P-EPS

5.4. R-EPS

6. GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET BY VEHICLE TYPE 

6.1. Introduction

6.2. Passenger Vehicle

6.3. Commercial Vehicle

6.3.1. Light Commercial Vehicle

6.3.2. Heavy Commercial Vehicle

7. GLOBAL AUTOMOTIVE ELECTRIC POWER STEERING MARKET BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. USA

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil 

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. Germany

7.4.2. France

7.4.3. United Kingdom

7.4.4. Spain

7.4.5. Others

7.5. Middle East & Africa

7.5.1. Saudi Arabia

7.5.2. Israel

7.5.3. Others

7.6. Asia Pacific

7.6.1. China

7.6.2. Japan

7.6.3. South Korea

7.6.4. India

7.6.5. Indonesia 

7.6.6. Thailand 

7.6.7. Taiwan

7.6.8. Others 

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. Pacific Century Motors

9.2. Hyundai Motor Group

9.3. Robert Bosch GmbH

9.4. ZF Friedrichschafen AG

9.5. HL Mando Corp. 

9.6. NSK Ltd.

9.7. DENSO

9.8. Toyota Group

9.9. Hitachi, Ltd

10. APPENDIX

10.1. Currency 

10.2. Assumptions

10.3. Base and Forecast Years Timeline

10.4. Key benefits for the stakeholders

10.5. Research Methodology 

10.6. Abbreviations 

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Report IDKSI061613118
Last updated
Pages145

Frequently asked questions

What will be the automotive electric power steering market size by 2030?

The automotive electric power steering market is expected to reach a total market size of US$39.559 billion by 2030.

What is the size of the automotive electric power steering market?

Automotive Electric Power Steering Market is valued at US$29.346 billion in 2025.

What are the growth prospects for the automotive electric power steering market?

The automotive electric power steering market is expected to grow at a CAGR of 6.15% during the forecast period.

Which region holds the maximum share of the automotive electric power steering market?

Asia-Pacific holds a significant share of the automotive electric power steering market owing to the fact that the demand and production of vehicles are more in this region.

What factors are anticipated to drive the automotive electric power steering market growth?

The automotive electric power steering market growth is attributed to the increase in demand for better steering systems that minimize driver effort and make driving safer and more convenient.

Cite this report

Knowledge Sourcing Intelligence. (Dec 2025). Global Automotive Electric Power Steering Market Report, Size, Share, Opportunities, and Trends By Product Type, Vehicle Type, and Geography – Forecast from 2025 to 2030. https://www.knowledge-sourcing.com/report/global-automotive-electric-power-steering-market

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