United States Electric Power Steering Market to Hit USD 13.71 Billion by 2033, Driven by Rising Electric Vehicle Adoption and Shift Toward Energy-Efficient Steering Technologies

The Electric Power Steering Market is estimated to reach USD 30.2 billion in 2025 and is projected to grow to USD 45.7 billion by 2033, registering a CAGR of 5.4% during the forecast period from 2025 to 2033. Growth is driven by increasing demand for fuel-efficient and lightweight steering systems in modern vehicles. Rising adoption of electric vehicles and advanced driver assistance systems is boosting market expansion. The shift from hydraulic to electric steering systems is further enhancing efficiency and performance. Additionally, stringent emission regulations are encouraging the use of energy-saving automotive technologies. Continuou

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Electronic Power Steering Market Major Players:

Nexteer Automotive

Nexteer Automotive is a leading global supplier of steering and driveline systems, with strong specialization in electric power steering (EPS) technologies. In 2025, Nexteer reported revenue of USD 4.3 billion, driven by demand for advanced steering systems and vehicle electrification. In the electronic power steering market, Nexteer plays a major role by delivering EPS systems, control units, and steering software that enhance vehicle handling, fuel efficiency, and safety. Its solutions are widely adopted in passenger vehicles and electric vehicles, supporting the transition toward autonomous and connected mobility.

Robert Bosch GmbH

Robert Bosch is one of the world's largest automotive technology suppliers, with strong capabilities in electronics, sensors, and mobility solutions. In 2025, Bosch reported revenue of USD 95.0 billion, driven by its mobility and industrial technology segments. In the electronic power steering market, Bosch plays a dominant role by offering advanced EPS systems, sensors, and electronic control units that enable precise steering control and improved driving safety. Its technologies are widely integrated into modern vehicles, supporting advanced driver assistance systems (ADAS) and automated driving functions.

Delphi Technologies

Delphi Technologies, now part of BorgWarner Inc., is a key provider of automotive electronics and powertrain solutions. In 2025, BorgWarner reported revenue of USD 15.0 billion, with Delphi contributing to its electrification and electronics portfolio. In the electronic power steering market, Delphi plays a significant role by supplying electronic control systems, power electronics, and steering-related components that enhance vehicle performance and efficiency. Its technologies support modern steering architectures used in both conventional and electric vehicles.

Mitsubishi Electric

Mitsubishi Electric is a global leader in automotive electronics and industrial automation, with strong presence in electronic control systems. In 2025, the company reported revenue of USD 40.0 billion, supported by its automotive and industrial systems segments. In the electronic power steering market, Mitsubishi Electric plays a key role by providing electric motor systems, control units, and power electronics that enable efficient and responsive steering. Its solutions are widely used in automotive applications, supporting improved fuel efficiency, vehicle stability, and advanced driving technologies.

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United States: Recent Industry Developments

✅ In March 2026, Nexteer Automotive expanded electronic power steering systems for EV platforms. The innovation improves efficiency. Nexteer continues advancing steering technologies.

✅ In February 2026, BorgWarner Inc. enhanced EPS systems integrated with advanced driver assistance features. The development improves vehicle control. BorgWarner continues strengthening mobility solutions.

✅ In January 2026, ZF Friedrichshafen (U.S. operations) expanded EPS technologies for next-generation vehicles. The initiative improves precision. ZF continues advancing steering systems.

✅ In December 2025, General Motors enhanced EPS integration in electric vehicles. The development improves driving performance. GM continues strengthening vehicle technologies.

Japan: Recent Industry Developments

✅ In March 2026, JTEKT Corporation expanded electronic power steering systems for hybrid and EV vehicles. The innovation improves efficiency. JTEKT continues advancing steering solutions.

✅ In February 2026, Denso Corporation enhanced EPS systems integrated with vehicle safety technologies. The development improves performance. Denso continues strengthening mobility systems.

✅ In January 2026, NSK Ltd. expanded EPS technologies for advanced vehicles. The initiative improves precision. NSK continues advancing automotive systems.

✅ In December 2025, Mitsubishi Electric enhanced EPS components for automotive applications. The development improves reliability. Mitsubishi continues strengthening electronics portfolio.

Segment Covered in the Electronic Power Steering Market:

By Vehicle Type: Passenger Cars
Passenger cars dominate the electronic power steering (EPS) market due to high production volumes and increasing integration of advanced safety and comfort features. EPS systems improve fuel efficiency, enable better vehicle control, and support advanced driver assistance systems (ADAS), making them standard in most modern passenger vehicles.
Passenger cars account for approximately 74% of the total market. Based on a global market size assumption of USD 29.6 billion in 2025, this translates to an estimated segment value of USD 21.9 billion. Growth is driven by rising vehicle production, electrification trends, and increasing demand for fuel-efficient systems.

By Component: Electronic Control Unit (ECU)
Electronic Control Units (ECUs) dominate the component segment as they serve as the brain of the EPS system, processing inputs from sensors and controlling steering assistance in real time. Their role is critical in ensuring precise and responsive steering performance.
This segment accounts for approximately 28% of the total market. Based on the USD 29.6 billion global market size in 2025, this corresponds to an estimated value of USD 8.3 billion. Growth is driven by advancements in automotive electronics, increasing integration of intelligent control systems, and rising demand for connected vehicles.

By Steering Type: Rack Assisted Power Steering (R-EPS)
Rack-assisted EPS (R-EPS) dominates the market due to its superior performance, precision, and suitability for a wide range of vehicles, including mid-size and high-end passenger cars. It provides better steering feel and supports advanced safety features.
This segment accounts for approximately 42% of the total market. Based on the USD 29.6 billion market size in 2025, this translates to an estimated value of USD 12.4 billion. Growth is driven by increasing adoption in modern vehicles, demand for enhanced driving experience, and compatibility with ADAS technologies.

Market Segmentation

The Electronic Power Steering Market is segmented by vehicle type into passenger cars and commercial vehicles (light commercial vehicles and heavy commercial vehicles); by component into steering column, steering vehicle, sensors, electronic control unit, electric motor, and bearings; by steering type into column-assisted electronic power steering (C-EPS), pinion-assisted electronic power steering (P-EPS), rack-assisted electronic power steering (R-EPS), and electronic hydraulic power steering (EHPS); and by region into North America, Latin America, and Europe.

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Regional Analysis

North America
North America is a leading market driven by high vehicle ownership, advanced automotive technologies, and strong regulatory focus on fuel efficiency and safety. The region is led by the United States.
The North American market is estimated at approximately USD 10.7 billion in 2025, accounting for about 36% of the global market. Growth is driven by increasing adoption of EPS systems, rising demand for electric vehicles, and integration of ADAS features.

Europe
Europe is a significant market supported by strong automotive manufacturing base, stringent emission regulations, and high adoption of advanced vehicle technologies. Key contributors include Germany, France, and the United Kingdom.
The European market is valued at approximately USD 9.8 billion in 2025, representing about 33% of the global market. Growth is driven by electrification of vehicles, regulatory support, and innovation in automotive systems.

Data-Driven Research Methodology for the Electronic Power Steering Market:

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