This report includes a dedicated chapter covering supply chain exposure, export controls, sanctions risk, and regulatory shifts affecting Car Electric Power Steering Market.
Car Electric Power Steering Market Strategic Outlook
The automotive industry has gone through many phases of improvements in design, power and efficiency in the last few decades. The technology has got automobiles to perform in any lands, which were earlier meant only for smooth roads. The selection of correct steering design provides stability and manoeuvrability to vehicle in any terrains. The automotive industry has been using traditional hydraulic pressure, provided by a pump, driven by the engine. This pump would constantly run, using the generated engine power, thus, placing an adverse load on the engine. This pump would continue running even when the steering wheel isn't operated, adversely affecting the vehicle fuel consumption.
Market Forecast 2026–2032
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With electric power steering mechanism, the engine load is utilized to guide the driver only when the steering wheel is turned, in either direction, thereby, decreasing the fuel consumption. The drag or thrust is still exerted on the engine but actually occurs only when the steering movement is performed, thereby improving the engine efficiency drastically. Earlier, the electric power steering was used only in only high-end vehicle or sports utility vehicles (SUVs). In recent years, the consistency of electric power steering has increased, which in result, has enhanced its involvement in almost every categories of vehicle. The modern car electric power steering is much more compact and includes many other controlling features and airbags.
The study covers a detailed analysis, growth and forecast of the Car Electric Power Steering Market. The report includes market analysis on global and regional level. The study covers historical data analysis from 2020 and 2025 and market forecast for 2026 and 2032 based on revenue generated. The study includes market value in terms of revenue in million USD for years 2018-2030 and compound annual growth rate (CAGR) in % from 2026 and 2032. The market is expected to show constant growth between 2026 and 2032.
The report comprises value chain analysis for each of the product segments. Value chain analysis offers in-depth information about value addition at each stage. The study includes drivers and restraints for Car Electric Power Steering Market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. Research report includes major player analysis with shares of each player inside market, growth rate and market attractiveness in different end-users/regions. Our study Car Electric Power Steering Market helps users to make precise decision to expand their market presence and increase market share.
The report provides Car Electric Power Steering Market Dynamics, includes industry growth drivers, challenges, opportunities, risk, constraints as well as threats. Report also includes Manufacturing Cost Analysis mainly included Raw Materials Analysis, Price Trend of product, Mergers & Acquisitions, Expansion, Key Suppliers of product, Concentration Rate of Car Electric Power Steering Market, Manufacturing Process Analysis. Research Report contains Market Effect Factors analysis mainly included Technology Progress, Consumer Needs Trend, External Environmental Change.
Global Car Electric Power Steering Market: Product Type
- Column Assist EPS (C-EPS)
- Rack Assist EPS (R-EPS)
- Pinion Assist EPS (P-EPS)
Global Car Electric Power Steering Market: Application
- Passenger Vehicle
- Commercial Vehicle
Global Car Electric Power Steering Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study consists of following key players in Global Car Electric Power Steering Market:
- JTEKT
- Bosch
- NSK
- Nexteer
- ZF
- Mobis
- Showa
- Thyssenkrupp
- Mando
Geographical analysis of Global Car Electric Power Steering Market:
-
North America
- U.S.A.
- Canada
- Europe
- France
- Germany
- Spain
- UK
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South East Asia
- Latin America
- Brazil
- Middle East and Africa
Automotive Components Landscape
Report Coverage
| Parameter | Details |
|---|---|
| Base Year | 2026 |
| Historical Data | 2020 – 2025 |
| Forecast Period | 2026 – 2032 |
| Base Year Value | USD 18.72 Billion |
| Forecast Value | USD 29.09 Billion |
| CAGR | 6.5% |
| Regional Scope | North America · Europe · Asia-Pacific · Latin America · MEA · RoW |
Frequently Asked Questions
Car Electric Power Steering Market was valued at USD 18.72 Billion in 2026 and is estimated to reach USD 29.09 Billion by 2032.
Car Electric Power Steering Market is projected to grow at a CAGR of 6.5% during 2026–2032, driven by rising demand across industrial and specialty applications.
Car Electric Power Steering Market is dominated by the Passenger Vehicle segment and the Asia-Pacific region holds the highest market share in 2025.
Some of the top key players in the Car Electric Power Steering Market are JTEKT, NSK, Nexteer Automotive, Bosch, ZF Friedrichshafen, Hyundai Mobis, Mitsubishi Electric, Showa.
Primary driving factors for the growth of the Car Electric Power Steering Market include Better mileage, engine efficiency along with rising demand for the vehicle safety and comfort.
Yes. The report includes a dedicated section on geopolitical risk factors and their impact on supply chains, pricing, and regional demand dynamics.