Electric Power Steering Market to Reach USD 37.36 Billion by 2030 - Mordor Intelligence

Mordor Intelligence, in its latest Electric Power Steering Market report, forecasts that the market size is estimated at USD 29.13 billion in 2025 and expected to reach USD 37.36 billion by 2030, at a 5.10 % CAGR.

The electric power steering (EPS) market represents one of the most significant shifts in automotive steering technology over the last two decades. Unlike traditional hydraulic systems, EPS relies on an electric motor to provide steering assistance, reducing energy loss and improving fuel efficiency. Automakers are adopting EPS not only for its efficiency but also for the flexibility it offers in integrating advanced driver assistance systems (ADAS) and semi-autonomous driving features.

Report Overview: https://www.mordorintelligence.com/industry-reports/automotive-electric-power-steering-systems-market?utm_source=openpr

Key Market Trends

Shift Toward Software-Defined Steering: EPS systems are increasingly being designed as software-controlled components. Automakers can now update, or fine-tune steering feel remotely, providing drivers with customizable handling characteristics. This flexibility also supports future upgrades in autonomous vehicle functionalities without requiring hardware changes.

Integration with Advanced Driver Assistance Systems (ADAS): EPS is a foundational technology for modern driver-assistance features. Functions such as lane-keeping assist, automated parking, and collision avoidance rely on precise steering control, which EPS delivers more effectively than hydraulic systems. Its role will expand further as vehicles move toward higher levels of automation.

Rising Demand from Electric Vehicles (EVs): Electric vehicles Favor EPS because it is energy-efficient and eliminates the constant load that hydraulic systems place on engines. With EV adoption growing globally, EPS is gaining momentum as a standard choice for both passenger and commercial segments. This synergy is accelerating market penetration at a faster pace than in conventional internal combustion engine vehicles.

Growth of Dual-Pinion and Rack-Assisted Systems: Column-type EPS currently leads the market, but dual-pinion and rack-assisted configurations are gaining attention for their ability to manage heavier loads. These systems are especially relevant in larger vehicles such as SUVs and light commercial vehicles, where better handling precision and steering feedback are critical.

Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights:
https://www.mordorintelligence.com/ja/industry-reports/automotive-electric-power-steering-systems-market?utm_source=openpr

Market Segmentation

By Type
-Column Type
-Pinion Type
-Dual Pinion Type

By Component Type
-Steering Rack/Column
-Sensor
-Steering Motor
-Other Component Types

By Vehicle Type
-Passenger Cars
-Commercial Vehicles

By Propulsion Type
-Internal Combustion Engine Vehicles
-Hybrid Vehicles
-Battery Electric Vehicles

By Geography
-North America
-Europe
-Asia-Pacific
-Middle East and Africa
-South America

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Electric Power Steering Industry Leaders

JTEKT Corporation: A Japan-based manufacturer with a strong portfolio in steering systems, JTEKT is a leading supplier of electric power steering solutions for both passenger and commercial vehicles, with global OEM partnerships.

Nexteer Automotive Group Ltd: Specializing in steering and driveline systems, Nexteer is recognized for its advanced EPS technologies, including column, rack, and dual-pinion designs, serving major automakers worldwide.

NSK Ltd: Known for precision components, NSK develops EPS systems that emphasize durability and energy efficiency, making it a preferred supplier for Japanese and international automotive manufacturers.

ZF Friedrichshafen AG: A German automotive giant, ZF integrates EPS into its broader portfolio of chassis and driveline solutions. The company focuses on systems that support ADAS and automated driving functions.

Robert Bosch GmbH: Bosch is a key global supplier of automotive components, including EPS systems designed to improve safety and efficiency. Its expertise in electronics and sensors strengthens its EPS offerings.

Get More information about Major Players in Electric Power Steering Market: https://www.mordorintelligence.com/industry-reports/automotive-electric-power-steering-systems-market/companies?utm_source=openpr

Conclusion

The electric power steering market is steadily moving from being an efficiency-driven upgrade to becoming a core technology for the future of mobility. With projected growth from USD 29.13 billion in 2025 to USD 37.36 billion by 2030, the industry is supported by rising adoption of electric vehicles, the integration of advanced driver assistance features, and the push toward software-defined vehicle systems. Column-type EPS dominates today, but dual-pinion and rack-assisted systems are gaining traction as vehicle designs shift toward heavier and more connected models.

Get More information on the electric power steering market: https://www.mordorintelligence.com/industry-reports/automotive-electric-power-steering-systems-market?utm_source=openpr

Industry Related Reports

Europe Electric Power Steering Market: The Europe Electric Power Steering Market is segmented by Type (Column Type, Pinion Type, Dual Pinion Type), by Component Type (Steering Wheel/Column, Sensors, Steering Motor, and Other Components), by Vehicle Type (Passenger Cars, Light Commercial Vehicles, and Heavy Vehicles), and by Geography (Europe, United Kingdom, France, Germany, Italy, Russia, and Rest of Europe). The report provides five years of historical data along with a five-year market forecast.

Get More insights: https://www.mordorintelligence.com/industry-reports/europe-electric-power-steering-market?utm_source=openpr

APAC Electric Power Steering Market: The Asia-Pacific Electric Power Steering Market is segmented by Type (Column Type, Pinion Type, and Other Types), by Component Type (Steering Column, Sensors, Steering Motors, and Other Components), by Vehicle Type (Passenger Cars and Commercial Vehicles), and by Country.

Get More insights: https://www.mordorintelligence.com/industry-reports/asia-pacific-electric-power-steering-market?utm_source=openpr

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