Market Overview

The Automotive Electric Power Steering (EPS) Market is expanding rapidly as automakers replace hydraulic systems with energy-efficient electric steering. EPS improves fuel economy, reduces emissions, and supports advanced driver-assistance systems including lane keeping and automated parking. It is essential for hybrid and electric vehicle architectures. Growing safety expectations, stricter global emission regulations, and major investments in sensors, AI-based steering control, and connected vehicle technologies further accelerate EPS adoption across all vehicle categories.

Key Players

Mando Corporation, Delphi Automotive, KSR International Company, Robert Bosch GmbH, Showa Corporation, Mitsubishi Electric Corporation, Hitachi Automotive Systems Ltd., JTEKT Corporation, Nexteer Automotive, Sona Koyo Steering Systems Ltd., Denso, ZF Friedrichshafen, GKN Plc., NSK Ltd., China Automotive Systems, Hyundai Mobis, Thyssenkrupp, Global Steering Systems, Zhejiang Shibao Company Limited, Tridec

Sample link -   https://www.trendbridgeinsights.com/industry-report/automotive-electric-power-steering-market

Market segmentation:

Type

·         Column Type

·         Pinion Type

·         Dual Pinion Type

·         Rack

·         Other

Engine Type

·         ICE

·         Electric

Vehicle Type

·         Passenger Cars

·         Light Commercial Vehicle

·         Heavy Commercial Vehicle

·         Others

Mega Trend Connect:

This report offers deep insights into how mega trends such as electrification, efficiency mandates, and alternative propulsion are transforming powertrain systems. It further examines the impact of engines, hybrids, e-axles, electric motors, and power electronics integration. The report assesses emission compliance, cost structures, and regional propulsion mixes shaping demand.

Global Trade Outlook:

Powertrain trade is being rewired by emissions policy divergence and tariff-driven localization. Suppliers are shifting capacity closer to OEM hubs to reduce risk and improve responsiveness. Competitiveness increasingly depends on regional production footprints and compliant component sourcing.

Region Analysis :

North America leads the EPS market due to strong automaker presence, rising EV adoption, and ADAS integration. Europe grows with strict emission rules and major OEMs in Germany, France, and the UK. Asia-Pacific dominates production, driven by China, Japan, and India. Latin America and the Middle East & Africa show steady expansion.

Recent development :

In February 2024, Bosch partnered with Microsoft to advance generative AI for next-generation steering systems. The collaboration focuses on predictive algorithms that improve steering precision, reduce energy consumption, and enhance overall vehicle handling for both passenger and commercial vehicles.

FAQ:

1 .  What is the Forecasted market size & CAGR of the Automotive Electric Power Steering Market ?

The Automotive Electric Power Steering (EPS) Market has been growing rapidly due to increasing focus on fuel efficiency and high-tech vehicles. In 2024, the market was estimated to be worth around USD 24.4 billion and is estimated to reach USD 35.6 billion by 2031.

2. Who are the leading manufacturers and suppliers in the Automotive Electric Power Steering Market ?

Mando Corporation, Delphi Automotive, KSR International Company, Robert Bosch GmbH, Showa Corporation, Mitsubishi Electric Corporation, Hitachi Automotive Systems Ltd.

3. What are the upcoming trends of Automotive Electric Power Steering Market in the globe?

AI-Driven Steering Control: The use of artificial intelligence in the EPS systems is leading to real-time steering control, vehicle stability, and energy efficiency based on the conditions of the road.

4. Which is the largest regional market for Automotive Electric Power Steering Market ?

Asia-Pacific is the largest regional market for the Automotive Electric Power Steering (EPS) Market, driven by high vehicle production, strong EV adoption, increasing demand for feature-rich cars, and major EPS manufacturing hubs in China, Japan, and India.

About US:

Company information : (TrendBridge Insights is a premier global market research and consulting firm that provides comprehensive market intelligence, strategic insights, and data-driven solutions to businesses worldwide. With over 15 years of expertise across diverse industries, we help organizations make informed decisions that drive growth and competitive advantage.)

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