AUTOMOTIVE ELECTRIC POWER STEERING (EPS) SYSTEMS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025-2032)

The Global Automotive Electric Power Steering (EPS) Systems Market is estimated to be valued at USD 32.62 Bn in 2025 and is expected to reach USD 46.83 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 5.3% from 2025 to 2032. Electric power steering systems have become a standard in modern vehicles, adding to fuel efficiency and reduced emissions. These systems use electric motors and electronic control units to provide steering assistance. Automotive manufacturers are working on sustainability and regulatory compliance, and EPS systems are helping them meet strict fuel economy standards and environmental regulations. The market includes different EPS configurations including column-assist, pinion-assist, and rack-assist systems, each designed to optimize performance in different vehicle categories. The proliferation of advanced driver assistance systems (ADAS) and the growing demand for connected vehicle technologies also add to the importance of EPS systems.

Market Dynamics

The strict government regulations are pushing for improved fuel efficiency and reduced carbon emissions, making EPS systems essential components for automotive manufacturers. Modern consumers are looking for driving comfort, improved vehicle handling, and advanced safety features, which is creating demand for sophisticated EPS technologies across passenger and commercial vehicle segments. However, market growth faces notable constraints including high initial implementation costs, complex integration requirements with existing vehicle systems, and potential reliability concerns associated with electronic components in harsh automotive environments. The sophisticated nature of EPS systems necessitates substantial research and development investments, creating barriers for smaller manufacturers and potentially limiting market competition. Nevertheless, significant opportunities emerge from the accelerating development of autonomous driving technologies, which require precise electronic steering control for advanced maneuvering capabilities. The expanding global automotive production, particularly in emerging economies, presents lucrative growth prospects for EPS system manufacturers.

Key Features of the Study

• This report provides in-depth analysis of the global Automotive Electric Power Steering (EPS) systems market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global automotive electric power steering (EPS) systems market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include JTEKT, Nexteer Automotive, ZF Friedrichshafen, Robert Bosch, NSK Ltd., Mando, Mobis, Showa Corporation, ThyssenKrupp, Hitachi Astemo, Zhejiang Shibao, BBB Industries, Denso, Aptiv, and Hitachi.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global automotive electric power steering (EPS) systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automotive electric power steering (EPS) systems market.

Market Segmentation

• Type Insights (Revenue, USD Bn, 2020 - 2032)
  • Column Assist Type
  • Rack Assist Type
  • Pinion Assist Type
• Component Insights (Revenue, USD Bn, 2020 - 2032)
  • Gearbox
  • Electric Motor
  • ECU
  • Sensors
  • Steering Column
  • Others
• Regional Insights (Revenue, USD Bn, 2020 - 2032)
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
  • JTEKT
  • Nexteer Automotive
  • ZF Friedrichshafen
  • Robert Bosch
  • NSK Ltd.
  • Mando
  • Mobis
  • Showa Corporation
  • ThyssenKrupp
  • Hitachi Astemo
  • Zhejiang Shibao
  • BBB Industries
  • Denso
  • Aptiv
  • Hitachi