Market Trend Insights: The Impact of Recent Innovations on the Active Power Steering Market

The active power steering market is on the brink of significant expansion, driven by rapid technological advancements and increasing adoption across the automotive industry. As vehicles evolve toward greater autonomy and electrification, the demand for sophisticated steering solutions is intensifying, positioning this market for remarkable growth in the coming years. Let's explore the current market size, key players, emerging trends, and the segmentation landscape shaping the future of active power steering.

Projected Market Size and Growth Outlook for Active Power Steering
The active power steering market is anticipated to experience substantial growth, reaching a valuation of $20.39 billion by 2030, with a robust compound annual growth rate (CAGR) of 12.8%. This upward trajectory is primarily fueled by innovations such as autonomous driving technologies, the increased use of steer-by-wire systems, expansion in electric vehicle manufacturing, and the integration of advanced sensors within vehicle architectures. Key market trends expected to drive demand during the forecast period include wider adoption of electric power steering systems, closer integration with advanced driver-assistance systems (ADAS), increased focus on improving driving comfort, growth in autonomous vehicle platforms, and the rise of software-defined steering solutions.

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Prominent Companies Leading the Active Power Steering Market
The landscape of active power steering is shaped by several influential global automakers and component manufacturers, including Volkswagen AG, Toyota Motor Corporation, Mercedes-Benz Group AG, Ford Motor Company, General Motors, Bayerische Motoren Werke AG (BMW), Hyundai Motor Company, Tesla Inc., Nissan Motor Co. Ltd., Audi AG, Kia Corporation, BYD Company Limited, Nikola Corporation, Renault Group, AB Volvo, Porsche AG, Jaguar Land Rover Automotive PLC, Geely Automobile Holdings Limited, NIO Inc., XPeng Inc., Rivian Automotive LLC, Lucid Group Inc., Proterra Inc., Energica Motor Company S.p.A., Bollinger Motors, Workhorse Group Inc., and Fisker Inc.

Strategic Acquisition to Bolster Market Presence
In March 2024, ZF Friedrichshafen AG, a German automotive component supplier, acquired a majority stake in India-based Rane Steering Systems Private Limited. Although the financial details were not disclosed, this acquisition aims to expand ZF's footprint in passenger car and commercial vehicle segments within the Indian market. Through closer collaboration with the Rane Group, ZF plans to accelerate the introduction of advanced steering technologies, localize operations, and support its broader Refresh India strategy. Rane Steering Systems specializes in manufacturing both manual and electric power steering columns, positioning this partnership as a strategic move to enhance product offerings in active power steering.

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Innovations and Emerging Trends in the Active Power Steering Industry
Leading companies in the active power steering sphere are focusing on the development of cutting-edge electric and hydraulic steering systems designed to boost vehicle handling, enhance fuel economy, and meet the surging demand for advanced driver-assistance features. These technologies help drivers steer vehicles more effortlessly by providing power assistance through electric motors or hydraulic mechanisms. For instance, in April 2025, Nexteer Automotive, headquartered in the US, launched its high-output column-assist electric power steering system (HO CEPS). This product delivers increased steering support specifically designed for larger and heavier vehicles like trucks and SUVs. By integrating powerful electric motors and sophisticated control algorithms, HO CEPS improves steering precision, reduces driver fatigue, and enhances overall vehicle control. Moreover, its design supports better fuel efficiency and compatibility with electric vehicles by minimizing energy losses typical of traditional hydraulic systems.

Detailed Segmentation of the Active Power Steering Market
The report divides the active power steering market into several important segments:
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 (OEM), Aftermarket

Further breakdown within these categories includes:
- Electric Power Steering System: Column Type, Pinion Type, Rack Type
- Hydraulic Power Steering System: Integral Hydraulic, Linkage Hydraulic
- Electro-Hydraulic Power Steering System: Belt-Driven, Electrically Assisted Hydraulic Steering

This detailed segmentation offers a comprehensive understanding of the market's scope and the variety of technologies serving different vehicle categories and distribution channels.

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This release was published on openPR.