Active Power Steering Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth

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How Large Will the Active Power Steering Market Size By 2025?
The market size for active power steering has seen a quick escalation in the preceding years. Projected expansion will move from $9.84 billion in 2024 up to $11.14 billion in 2025, showing a compound annual growth rate (CAGR) of 13.1%. Factors contributing to this noteworthy progress during the historic period encompass the heightened demand for luxury and premium automobiles, surging needs for autonomous and semi-autonomous vehicles, the rise of electric vehicle usage, the widespread use of electric power steering in personal cars, and the intensifying emphasis on enhancing fuel efficiency and reducing emissions.

How Big Is the Active Power Steering Market Size Expected to Grow by 2029?
The market size for active power steering is projected to experience substantial growth in the coming years, reaching $18.1 billion by 2029, with a compound annual growth rate (CAGR) of 12.9%. This anticipated growth for the forecasted period can be chalked up to several factors such as the rise in the deployment of EPS in commercial vehicles, escalating investments in steer-by-wire technologies, a heightened focus on the development of vehicle dynamics and stability control, the expansion of smart mobility and integrated vehicles, and the increasing demand for lightweight vehicle components. Significant trends to expect in this period involve technological advancements in car components, the evolution of EPS technology, breakthroughs in sensor technology, a transition towards steer-by-wire systems and the development of cutting-edge steering technologies.

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Which Key Market Drivers Powering Active Power Steering Market Expansion and Growth?
The surge in electric vehicle demand is predicted to fuel the active power steering market's expansion in the future. Electric vehicles (EVs), which are either wholly or partially powered by electricity using electric motors and rechargeable battery packs, supplanting conventional internal combustion engines, are seeing a rise due to battery technology advancements. These advancements have notably extended the driving range and cut down the charging time. Active power steering boosts electric vehicles by perfecting steering response and energy efficiency, which in turn improves vehicle maneuverability, prolongs battery lifespan, lessens driver fatigue, and seamlessly synchronizes with advanced driver assistance systems (ADAS) for a safer, more enjoyable driving experience. For example, based on data from the International Energy Agency, an intergovernmental organization based in France, the sale of electric cars worldwide escalated from 14 million in 2023 to 17 million in 2024, indicating robust year-on-year growth. Hence, the escalating demand for electric vehicles is propelling the active power steering market expansion.

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Which Fast-Growing Trends Are Poised to Disrupt the Active Power Steering Market?
Pioneering firms in the active power steering sector are turning their attention to the creation of innovative offerings, namely electric and hydraulic power steering technologies, with a view to augmenting vehicle control, boosting fuel economy, and satisfying the ever-increasing need for high-tech driver-assistance systems. These electric and hydraulic power steering methods function as technologies that lighten the load on drivers when steering vehicles. For example, in April 2025, American automotive industry entity, Nexteer Automotive, debuted their high-output column-assist electric power steering (HO CEPS). This device is crafted to provide superior steering assistance for larger and heavier vehicles, simultaneously elevating energy efficiency and vehicle control. Distinctively designed to deliver heightened torque output, the system is particularly apt for heavier vehicles like trucks and SUVs. With the incorporation of state-of-the-art control algorithms and sturdy electric motors, HO CEPS enhances steering accuracy, lightens the load on the driver, and enriches overall vehicle control. By minimizing parasitic power wastage compared to conventional hydraulic networks, it boosts fuel economy and maintains compatibility with electric vehicles.

What Are the Emerging Segments in the Active Power Steering Market?
The active power steering market covered in this report is segmented -

1) By Type: Electric Power Steering System, Hydraulic Power Steering System, Electro-Hydraulic Power Steering System
2) By Application: Passenger Car, Commercial Vehicle
3) By Distribution Channel: Original Equipment Manufacturer, Aftermarket

Subsegments
1) By Electric Power Steering System: Column Type Electric Power Steering System, Pinion Type Electric Power Steering System, Rack Type Electric Power Steering System
2) By Hydraulic Power Steering System: Integral Hydraulic Power Steering, Linkage Hydraulic Power Steering
3) By Electro-Hydraulic Power Steering System: Belt-Driven Electro-Hydraulic Power Steering System, Electrically Assisted Hydraulic Steering

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Who Are the Global Leaders in the Active Power Steering Market?
Major companies operating in the active power steering market are Robert Bosch GmbH, Nissan Motor Co. Ltd., Denso Corporation, ZF Friedrichshafen AG, Thyssenkrupp Presta AG, Hyundai Mobis Co. Ltd., Mitsubishi Electric Corporation, Aisin Seiki Co. Ltd., Valeo SA, Infineon Technologies AG, JTEKT Corporation, NSK Ltd., Knorr-Bremse AG, Mando Corporation, GKN Automotive, Visteon Corporation, Nexteer Automotive India Private Limited, Hitachi Astemo Ltd., Ognibene Power Spa, TECHNOLAB SA.

Which are the Top Profitable Regional Markets for the Active Power Steering Industry?
North America was the largest region in the active power steering market in 2024. The regions covered in the active power steering market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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