Press release
Electric Power Steering Market to Witness Substantial to Reach $SD 40.35 Bn. by 2030
Electric Power Steering Market
The global electric power steering (EPS) market is projected to grow from approximately USD 27.37 billion in 2023 to roughly USD 40.35 billion by 2030, achieving a CAGR of around 5.7 % from 2024 to 2030. Notably, Asia‐Pacific is expected to hold the largest share, while North America is poised to register the fastest growth rate.
This market overview combines CAGR details, competitive landscape, and demand trends, with region‐specific merger and acquisition activity and recent developments.
Curious to peek inside? Grab your sample copy of this report now:https://www.maximizemarketresearch.com/request-sample/1535/
►Competitive Landscape
Leading players in this sector include JTEKT Corporation, SHOWA Corporation, Thyssenkrupp Presta AG, Mando Corporation, and Hyundai Mobis. The dominance of column‐assist EPS (C‐EPS) and sensor components underscores the strategic focus of these companies in enhancing system responsiveness and safety.
►Regional Insights
♦ United States - Growth & Opportunity
The EPS market in the United States is estimated at approximately USD 3.1 billion in 2023, growing to an expected USD 5.7 billion by 2035, with a CAGR of 4.53 % (2025‐2035).
High demand is driven by rising electric vehicle adoption, advanced ADAS integration, and strict safety and fuel‐efficiency regulations.
♦ Asia Pacific - Opportunity & Trends
Asia‐Pacific currently commands over 50 % market share in 2024, propelled by surging automotive manufacturing in China, India, Japan, and South Korea.
Major growth stems from increased disposable incomes, urban mobility initiatives, and government support for electric vehicles.
Eager to discover what's within? Secure your sample copy of the report today:https://www.maximizemarketresearch.com/request-sample/1535/
♦ Europe - Growth & Trends
Europe is seeing robust adoption, with some forecasts projecting European regional CAGR near 7.9 % through 2032. Demand is fueled by emission reduction policies and penetration of electrified mobility.
♦ Middle East & Africa - Growth & Opportunity
The MEA market, while smaller, is expanding steadily amid increasing vehicle electrification and urban infrastructure growth. Countries like UAE, Saudi Arabia, and South Africa are emerging markets for EPS adoption.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:https://www.maximizemarketresearch.com/request-sample/1535/
► Market Segmentation: In-Depth Analysis:
by Type
Rack assist type (REPS)
Colum assist type (CEPS)
Pinion assist type (PEPS)
by Mechanism
Rigid
Collapsible
by Application
Passenger Cars (PC)
Commercial Vehicles (CV)
by Components
Steering column
Sensors
Steering gear
Mechanical rack and pinion
Electronic control unit
Electric motor
Bearing
by Electric Motor
Brush motor
Brushless motor
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-electric-power-steering-market/1535/
► Learn about the top players driving innovation in the Market :
1. JTEKT Corporation (Japan)
2. DENSO Corporation (Japan)
3. Mitsubishi Electric Corporation (Japan)
4. NSK Ltd. (Japan)
5. Nissan Motor Corporation (Japan)
6. Hitachi Automotive Systems (Japan)
7. Renesas Electronics (Japan)
8. ZF Friedrichshafen AG (Germany)
9. Thyssenkrupp (Germany)
10. Robert Bosch GmbH (Germany)
11. TRIDEC (Germany)
12. Infineon Technologies (Germany)
13. GKN Automotive Limited (UK)
14. Delphi Technologies (UK)
15. China Automotive Systems, Inc. (China)
16. Zhejiang Shibao Company Limited (China)
17. Hyundai Mobis (South Korea)
18. Mando Corp. (South Korea)
19. Global Steering Systems (US)
20. Tenneco (US)
21. Nexteer Automotive (US)
22. Maval Industries LLC (US)
23. Danfoss (Denmark)
24. STMicroelectronics (Switzerland)
► Get Market Research Latest Trends :
♦ Global Cold Patch Market https://www.maximizemarketresearch.com/market-report/global-cold-patch-market/91038/
♦ Oil and Gas Custody Metering System Market https://www.maximizemarketresearch.com/market-report/oil-and-gas-custody-metering-system-market/70148/
♦ Global Electrical Resistors Market https://www.maximizemarketresearch.com/market-report/global-electrical-resistors-market/99673/
♦ Flocculant and Coagulant Market https://www.maximizemarketresearch.com/market-report/flocculant-coagulant-market/2495/
♦ Global Geocells Market https://www.maximizemarketresearch.com/market-report/global-geocells-market/27005/
♦ Global Marine Adhesives Market https://www.maximizemarketresearch.com/market-report/global-chlorine-market/15326/
♦ Green and Bio Polyols Market https://www.maximizemarketresearch.com/market-report/green-and-bio-polyols-market/147933/
♦ Trichloroethylene Market https://www.maximizemarketresearch.com/market-report/trichloroethylene-market/121693/
♦ Fiberglass Fabric Market https://www.maximizemarketresearch.com/market-report/fiberglass-fabric-market/2801/
♦ Global Basalt Fiber Market https://www.maximizemarketresearch.com/market-report/global-basalt-fiber-market/33313/
♦ Global Polyhydroxyalkanoate (PHA) Market https://www.maximizemarketresearch.com/market-report/global-polyhydroxyalkanoate-pha-market/110679/
♦ Monoethylene Glycol (MEG) Market https://www.maximizemarketresearch.com/market-report/monoethylene-glycol-meg-market/2018/
♦ Recycled Glass Market https://www.maximizemarketresearch.com/market-report/recycled-glass-market/168069/
♦ Metal Fabrication Market https://www.maximizemarketresearch.com/market-report/metal-fabrication-market/13591/
♦ Plant-Based Food Market https://www.maximizemarketresearch.com/market-report/global-plant-based-food-market/110463/
► Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
► About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electric Power Steering Market to Witness Substantial to Reach $SD 40.35 Bn. by 2030 here
News-ID: 4122431 • Views: …
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.
Glycerol Market Expected to Reach USD 5.93 Bn. by 2032.
►Glycerol Market Overview and Regional Opportunities
Global Glycerol Market Growth
The global glycerol market was valued at USD 3.39 billion in 2024 and is projected to reach approximately USD 5.93 billion by 2032, expanding at a CAGR of 7.23% during 2025‐2032.
Glycerol (or glycerin) is a colorless, odorless, multifunctional liquid extensively used across pharmaceutical, personal care, food & beverage, and industrial sectors due to its moisturizing, stabilizing, and sweetening properties.
Curious to peek inside?…
Alzheimer's Therapeutics Market Expected to Reach USD 11.86 Bn. by 2032.
►Global Alzheimer's Therapeutics Market: Strong Growth, Innovation and Strategic Consolidation
The global Alzheimer's Therapeutics Market was valued at USD 6.28 billion in 2024 and is projected to grow at a CAGR of 8.27% from 2025 to 2032, reaching nearly USD 11.86 billion by 2032. Competitive intensity is high, with Biogen, Eli Lilly, Roche, Novartis, and Eisai leading innovation. The United States and North America show the highest demand, fueled by an…
Agritech Platforms Market to Reach USD 43.6 Billion by 2030, Growing at 17.9% CA …
Agritech Platforms Market size was valued at USD 13.7 billion in 2023 and is expected to reach USD 43.6 billion by 2030, at a CAGR of 17.9%.
Agritech Platforms Market Overview:
The Agritech Platforms Market is witnessing rapid transformation as digital innovation continues to reshape agriculture. These platforms integrate modern technologies like AI, IoT, blockchain, and big data analytics to offer solutions ranging from precision farming and supply chain transparency to farm…
Electromagnetic Compatibility Testing Market Forecast: 6.80% CAGR Through 2024-2 …
Electromagnetic Compatibility Emc Testing Market size was valued at USD 21.7 Bn in 2023 and the total revenue is expected to grow at 6.80% through 2024 to 2030, reaching nearly USD 34.42 Bn.
Electromagnetic Compatibility Emc Testing Market Overview:
The Electromagnetic Compatibility (EMC) Testing Market plays a critical role in ensuring electronic devices operate without causing or being affected by electromagnetic interference. With the proliferation of electronic equipment across sectors such as…
More Releases for Electric
Electrical Isolators Market 2023: Mitsubishi Electric, Orient Electric, Schneide …
The Electrical Isolators Market size (volume and value) and industry chain structure published by The Insight Partners through its high quality database which is a valuable source of guidance and direction for companies and individual interested in the industry.
An electrical isolator is a material in which electric current does not flow freely. The atoms of the insulator have tightly bound electrons which cannot readily move. Other materials, semiconductors and conductors…
Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive …
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region.
Click…
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea …
Global Thermal Overload Relay Market Size, Status and Forecast 2021
The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market…
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E …
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports.
This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities…
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 …
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research.
This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawa…
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in…
