Electric Power Steering Market, By Vehicle Type (Electric Vehicle, Passenger Car, and Commercial Vehicle), By Mechanism, By Propulsion Type, By Component, By Country, and By Region Global Industry Analysis, Market Size, Market Share & Forecast from 2026-2033
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Report ID
AV4975
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Published Date
March 2026
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Pages
367
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Industry
Automotive and Transport
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Base Year
2025
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Historical Data
2019-2024
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Delivery Timeline
24 Hour
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REPORT HIGHLIGHT
Electric Power Steering Market size was valued at US$ 26,410.81 Million in 2025, expanding at a CAGR of 6.59% from 2026 to 2033.
Electric Power Steering (EPS) is an advanced automotive system designed to assist drivers in turning the steering wheel using an electric motor instead of conventional hydraulic mechanisms. By reducing the physical effort required for steering, EPS improves vehicle handling, safety, and energy efficiency. The system provides smooth and responsive steering, adapts to driving conditions, and enhances overall vehicle performance. Widely implemented in modern cars, trucks, and electric vehicles, EPS has become an essential component of contemporary automotive technology.
The Electric Power Steering market encompasses systems that utilize electric motors to support the driver, eliminating the need for hydraulic pumps and enabling steering force to adjust according to vehicle speed. Market growth is driven by stringent fuel efficiency regulations and the increasing demand for precise electronic control in advanced driver-assistance systems (ADAS). According to the European Automobile Manufacturers Association, global car sales reached 74.6 million units in 2024, reflecting strong demand for key automotive components. Additionally, the ongoing electrification of vehicle fleets is accelerating adoption of EPS, as electric steering systems increasingly replace traditional hydraulic setups in internal combustion engine vehicles.
Electric Power Steering Market- Market Dynamics
Growing Adoption of ADAS Technologies Boosting Market Growth
The growing adoption of Advanced Driver Assistance Systems (ADAS) is driving expansion in the Electric Power Steering (EPS) market. Advances in sensors, cameras, and electronic control units enable automakers to offer improved vehicle control, enhanced safety, and greater driver convenience. According to Nexteer Automotive Group Limited’s April 2024 2023 Annual Report, the company secured new business bookings worth USD 6.1 billion, largely fueled by increasing demand for advanced motion control technologies. This growth is supported by a robust manufacturing ecosystem; the China Association of Automobile Manufacturers reports that China produced 30.16 million vehicles in 2023, reflecting widespread adoption of advanced steering systems. The combination of rising ADAS integration, strong demand for precision motion control, and large-scale automotive production is propelling significant growth in the EPS market.
Electric Power Steering Market- Segmentation Analysis:
The Global Electric Power Steering Market is segmented on the basis of Vehicle Type, Mechanism, Propulsion Type, Component, and Region.
In the Electric Power Steering (EPS) market, the passenger car segment leads the vehicle category, driven by the widespread adoption of EPS systems to enhance comfort, fuel efficiency, and safety. These systems have become essential components in modern steering and advanced driver-assistance technologies. Rapid technological advancements and improved power handling in vehicles are further accelerating EPS integration. Additionally, the global increase in light vehicle sales is supporting market growth, while ongoing innovation is creating substantial opportunities in the EPS sector. According to the World Economic Forum, passenger cars accounted for approximately 4.2% of total light vehicle sales in 2020, nearly doubling from 2.5% in 2019. Countries such as Norway, Iceland, and Sweden are leading this trend, with plug-in vehicles representing roughly 74.8%, 45%, and 32.2% of sales in these markets, respectively. This growth highlights the increasing significance of EPS systems in enabling the transition toward electrified and technologically advanced vehicles.
Electric Power Steering Market- Geographical Insights
Geographically, Asia Pacific holds a major share in the global Electric Power Steering (EPS) market, driven by significant investments in product deployment, particularly in China and India.
Strong economic growth across the Asia-Pacific region has driven a rapid increase in vehicle production, with China, Japan, and India emerging as major automotive manufacturing hubs, reinforcing the region’s substantial market presence. This growth is further supported by stringent emission regulations, such as mandates from China’s Ministry of Ecology and Environment and the implementation of Bharat Stage VI standards in India. These policies encourage the adoption of lightweight, energy-efficient components, prompting manufacturers to replace traditional hydraulic steering systems with electric power steering (EPS), sustaining strong demand in the expanding passenger vehicle sector. Overall, the Asia-Pacific EPS market is propelled by rising vehicle production, extensive automotive manufacturing, and regulatory measures promoting electric steering systems.
Similarly, North America is witnessing significant growth in the EPS market. The region’s automotive industry has maintained steady expansion in recent years, with economic development boosting production and sales of passenger and power-driven vehicles. This has accelerated the adoption of EPS systems, which improve fuel efficiency and reduce greenhouse gas emissions. For example, according to Canada’s official greenhouse gas statistics in 2023, total GHG emissions stood at 694 megatonnes of CO equivalent (Mt CO eq), marking a 0.9% decrease from 700Mt CO eq in 2022 and an 8.5% reduction from 2005 levels, reflecting progress in emission management. The data also indicates that between 1990 and 2023, Canada’s emissions increased by 14.4% (+88MtCOeq), highlighting long-term trends in economic growth and energy use. The rising adoption of EPS systems in North America aligns with broader regional initiatives to enhance vehicle efficiency and support long-term greenhouse gas reduction goals.
Europe Electric Power Steering Market- Country Insights
Europe holds a stable position in the Electric Power Steering (EPS) market, underpinned by its strong automotive and electronics ecosystem and supported by government initiatives that promote advanced manufacturing and technological innovation. For example, in 2023, the European Union’s General Safety Regulation mandated that all new vehicles be equipped with advanced driver assistance systems (ADAS), including EPS, to enhance road safety and reduce accidents. This regulation has driven a significant increase in EPS integration across new vehicle platforms, highlighting the region’s growing focus on safety technologies. Overall, Europe’s EPS market is bolstered by a strong automotive foundation and regulatory measures that encourage broader adoption of electric power steering systems.
Electric Power Steering Market- Competitive Landscape:
The Electric Power Steering (EPS) market features a mix of established global manufacturers and regional suppliers, creating a balanced and steadily growing industry landscape. Key players such as BorgWarner, Hycet Technology Co. Ltd., Hyundai Mobis, Mando Corporation, and ZF Friedrichshafen AG operate across global supply chains, offering a wide range of EPS solutions through direct sales, distributors, and digital platforms. These companies focus on system reliability, technological innovation, cost efficiency, and consistent supply, as EPS systems become increasingly integrated into passenger and commercial vehicles worldwide. To strengthen market presence, manufacturers continue to invest in production expansion, advanced technology development, and strategic partnerships. For instance, in April 2023, Nexteer Automotive launched its Modular Rack-Assist Electric Power Steering (mREPS) system, enhancing its portfolio of cost-effective, modular EPS solutions. The mREPS system offers flexibility to meet diverse OEM requirements, supporting advanced steering for heavier vehicles, including electric and light commercial vehicles.
Recent Developments:
- In 2023, Robert Bosch GmbH formed a strategic alliance with technology startup Arnold NextG to accelerate commercial-scale development of steer-by-wire EPS systems, aiming to introduce large-scale steer-by-wire solutions by the middle of the decade, enhancing electrified and automated driving capabilities.
- In November 2024, Hyundai Mobis acquired a significant stake in Elevation Microsystems, a U.S. fabless semiconductor company specializing in high-voltage power management for electric vehicles, for approximately USD 15 million. This acquisition strengthens Hyundai Mobis’s semiconductor capabilities, critical for electrification components, including advanced EV steering and control systems.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL ELECTRIC POWER STEERING MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
- JTEKT Corporation
- Nexteer Automotive Group Ltd
- NSK Ltd
- Robert Bosch GmbH
- ZF Friedrichshafen AG
- Hyundai Mobis
- Mando Corporation
- thyssenkrupp AG
- Hycet Technology Co. Ltd.
- Mitsubishi Electric Corporation
- Denso Corporation
- Valeo SA
- Continental AG
- Others
GLOBAL ELECTRIC POWER STEERING MARKET, BY VEHICLE TYPE- MARKET ANALYSIS, 2020 - 2033
- Electric Vehicle
- Passenger Car
- Commercial Vehicle
GLOBAL ELECTRIC POWER STEERING MARKET, BY MECHANISM- MARKET ANALYSIS, 2020 - 2033
- Column Mounted EPS (C-EPS)
- Pinion Mounted EPS (P-EPS)
- Rack Mounted EPS (R-EPS)
- Others
GLOBAL ELECTRIC POWER STEERING MARKET, BY PROPULSION TYPE- MARKET ANALYSIS, 2020 - 2033
- Internal Combustion Engine (ICE) Vehicles
- Hybrid Electric Vehicles (HEV)
- Battery Electric Vehicles (BEV)
GLOBAL ELECTRIC POWER STEERING MARKET, BY COMPONENT- MARKET ANALYSIS, 2020 - 2033
- Electric Motor
- Electronic Control Unit (ECU)
- Sensors (Torque, Angle, Position)
- Steering Gear (Rack & Pinion Assembly)
- Steering Column
- Others
GLOBAL ELECTRIC POWER STEERING MARKET, BY REGION- MARKET ANALYSIS, 2020 - 2033
North America
- U.S.
- Canada
Europe
- Germany
- UK
- France
- Italy
- Spain
- The Netherlands
- Sweden
- Russia
- Poland
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Indonesia
- Thailand
- Philippines
- Rest of APAC
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
The Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA
TABLE OF CONTENT
1. Electric Power Steering Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Electric Power Steering Market Snippet, by Vehicle Type
2.1.2. Electric Power Steering Market Snippet, by Mechanism
2.1.3. Electric Power Steering Market Snippet, by Propulsion Type
2.1.4. Electric Power Steering Market Snippet, by Component
2.1.5. Electric Power Steering Market Snippet, by Country
2.1.6. Electric Power Steering Market Snippet, by Region
2.2. Competitive Insights
3. Electric Power Steering Key Market Trends
3.1. Electric Power Steering Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Electric Power Steering Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Electric Power Steering Market Opportunities
3.4. Electric Power Steering Market Future Trends
4. Electric Power Steering Industry Study
4.1. PEST Analysis
4.2. Porter’s Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Electric Power Steering Market: Impact of Escalating Geopolitical Tensions
5.1. Impact of COVID-19 Pandemic
5.2. Impact of Russia-Ukraine War
5.3. Impact of Middle East Conflicts
6. Electric Power Steering Market Landscape
6.1. Electric Power Steering Market Share Analysis, 2025
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players’ Analysis
6.2.2. Emerging Players’ Analysis
7. Electric Power Steering Market – By Vehicle Type
7.1. Overview
7.1.1. Segment Share Analysis, By Vehicle Type, 2025 & 2033 (%)
7.1.2. Electric Vehicle
7.1.3. Passenger Car
7.1.4. Commercial Vehicle
8. Electric Power Steering Market – By Mechanism
8.1. Overview
8.1.1. Segment Share Analysis, By Mechanism, 2025 & 2033 (%)
8.1.2. Column Mounted EPS (C-EPS)
8.1.3. Pinion Mounted EPS (P-EPS)
8.1.4. Rack Mounted EPS (R-EPS)
8.1.5. Others
9. Electric Power Steering Market – By Propulsion Type
9.1. Overview
9.1.1. Segment Share Analysis, By Propulsion Type, 2025 & 2033 (%)
9.1.2. Internal Combustion Engine (ICE) Vehicle
9.1.3. Hybrid Electric Vehicles (HEV)
9.1.4. Battery Electric Vehicles (BEV)
10. Electric Power Steering Market – By Component
10.1. Overview
10.1.1. Segment Share Analysis, By Mechanism, 2025 & 2033 (%)
10.1.2. Electric Motor
10.1.3. Electronic Control Unit (ECU)
10.1.4. Sensors (Torque, Angle, Position)
10.1.5. Steering Gear (Rack & Pinion Assembly)
10.1.6. Steering Column
10.1.7. Others
11. Electric Power Steering Market– By Geography
11.1. Introduction
11.1.1. Segment Share Analysis, By Geography, 2025 & 2033 (%)
11.2. North America
11.2.1. Overview
11.2.2. Electric Power Steering Key Manufacturers in North America
11.2.3. North America Market Size and Forecast, By Country, 2020 - 2033 (US$ Million)
11.2.4. North America Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.2.5. North America Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.2.6. North America Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.2.7. North America Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.2.8. U.S.
11.2.8.1. Overview
11.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.2.8.3. U.S. Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.2.8.4. U.S. Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.2.8.5. U.S. Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.2.8.6. U.S. Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.2.9. Canada
11.2.9.1. Overview
11.2.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.2.9.3. Canada Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.2.9.4. Canada Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.2.9.5. Canada Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.2.9.6. Canada Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.3. Europe
11.3.1. Overview
11.3.2. Electric Power Steering Key Manufacturers in Europe
11.3.3. Europe Market Size and Forecast, By Country, 2020 - 2033 (US$ Million)
11.3.4. Europe Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.3.5. Europe Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.3.6. Europe Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.3.7. Europe Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.3.8. Germany
11.3.8.1. Overview
11.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.3.8.3. Germany Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.3.8.4. Germany Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.3.8.5. Germany Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.3.8.6. Germany Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.3.9. UK
11.3.9.1. Overview
11.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.3.9.3. UK Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.3.9.4. UK Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.3.9.5. UK Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.3.9.6. UK Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.3.10. France
11.3.10.1. Overview
11.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.3.10.3. France Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.3.10.4. France Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.3.10.5. France Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.3.10.6. France Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.3.11. Italy
11.3.11.1. Overview
11.3.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.3.11.3. Italy Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.3.11.4. Italy Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.3.11.5. Italy Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.3.11.6. Italy Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.3.12. Spain
11.3.12.1. Overview
11.3.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.3.12.3. Spain Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.3.12.4. Spain Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.3.12.5. Spain Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.3.12.6. Spain Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.3.13. The Netherlands
11.3.13.1. Overview
11.3.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.3.13.3. The Netherlands Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.3.13.4. The Netherlands Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.3.13.5. The Netherlands Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.3.13.6. The Netherlands Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.3.14. Sweden
11.3.14.1. Overview
11.3.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.3.14.3. Sweden Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.3.14.4. Sweden Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.3.14.5. Sweden Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.3.14.6. Sweden Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.3.15. Russia
11.3.15.1. Overview
11.3.15.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.3.15.3. Russia Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.3.15.4. Russia Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.3.15.5. Russia Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.3.15.6. Russia Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.3.16. Poland
11.3.16.1. Overview
11.3.16.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.3.16.3. Poland Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.3.16.4. Poland Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.3.16.5. Poland Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.3.16.6. Poland Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.3.17. Rest of Europe
11.3.17.1. Overview
11.3.17.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.3.17.3. Rest of the Europe Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.3.17.4. Rest of the Europe Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.3.17.5. Rest of the Europe Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.3.17.6. Rest of the Europe Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.4. Asia Pacific (APAC)
11.4.1. Overview
11.4.2. Electric Power Steering Key Manufacturers in Asia Pacific
11.4.3. APAC Market Size and Forecast, By Country, 2020 - 2033 (US$ Million)
11.4.4. APAC Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.4.5. APAC Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.4.6. APAC Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.4.7. APAC Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.4.8. China
11.4.8.1. Overview
11.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.4.8.3. China Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.4.8.4. China Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.4.8.5. China Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.4.8.6. China Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.4.9. India
11.4.9.1. Overview
11.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.4.9.3. India Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.4.9.4. India Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.4.9.5. India Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.4.9.6. India Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.4.10. Japan
11.4.10.1. Overview
11.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.4.10.3. Japan Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.4.10.4. Japan Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.4.10.5. Japan Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.4.10.6. Japan Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.4.11. South Korea
11.4.11.1. Overview
11.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.4.11.3. South Korea Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.4.11.4. South Korea Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.4.11.5. South Korea Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.4.11.6. South Korea Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.4.12. Australia
11.4.12.1. Overview
11.4.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.4.12.3. Australia Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.4.12.4. Australia Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.4.12.5. Australia Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.4.12.6. Australia Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.4.13. Indonesia
11.4.13.1. Overview
11.4.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.4.13.3. Indonesia Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.4.13.4. Indonesia Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.4.13.5. Indonesia Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.4.13.6. Indonesia Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.4.14. Thailand
11.4.14.1. Overview
11.4.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.4.14.3. Thailand Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.4.14.4. Thailand Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.4.14.5. Thailand Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.4.14.6. Thailand Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.4.15. Philippines
11.4.15.1. Overview
11.4.15.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.4.15.3. Philippines Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.4.15.4. Philippines Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.4.15.5. Philippines Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.4.15.6. Philippines Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.4.16. Rest of APAC
11.4.16.1. Overview
11.4.16.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.4.16.3. Rest of APAC Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.4.16.4. Rest of APAC Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.4.16.5. Rest of APAC Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.4.16.6. Rest of APAC Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.5. Latin America (LATAM)
11.5.1. Overview
11.5.2. Electric Power Steering Key Manufacturers in Latin America
11.5.3. LATAM Market Size and Forecast, By Country, 2020 - 2033 (US$ Million)
11.5.4. LATAM Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.5.5. LATAM Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.5.6. LATAM Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.5.7. LATAM Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.5.8. Brazil
11.5.8.1. Overview
11.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.5.8.3. Brazil Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.5.8.4. Brazil Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.5.8.5. Brazil Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.5.8.6. Brazil Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.5.9. Mexico
11.5.9.1. Overview
11.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.5.9.3. Mexico Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.5.9.4. Mexico Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.5.9.5. Mexico Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.5.9.6. Mexico Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.5.10. Argentina
11.5.10.1. Overview
11.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.5.10.3. Argentina Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.5.10.4. Argentina Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.5.10.5. Argentina Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.5.10.6. Argentina Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.5.11. Colombia
11.5.11.1. Overview
11.5.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.5.11.3. Colombia Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.5.11.4. Colombia Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.5.11.5. Colombia Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.5.11.6. Colombia Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.5.12. Rest of LATAM
11.5.12.1. Overview
11.5.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.5.12.3. Rest of LATAM Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.5.12.4. Rest of LATAM Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.5.12.5. Rest of LATAM Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.5.12.6. Rest of LATAM Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.6. Middle East and Africa (MEA)
11.6.1. Overview
11.6.2. Electric Power Steering Key Manufacturers in Middle East and Africa
11.6.3. MEA Market Size and Forecast, By Country, 2020 - 2033 (US$ Million)
11.6.4. MEA Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.6.5. MEA Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.6.6. MEA Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.6.7. MEA Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.6.8. Saudi Arabia
11.6.8.1. Overview
11.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.6.8.3. Saudi Arabia Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.6.8.4. Saudi Arabia Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.6.8.5. Saudi Arabia Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.6.8.6. Saudi Arabia Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.6.9. United Arab Emirates
11.6.9.1. Overview
11.6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.6.9.3. United Arab Emirates Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.6.9.4. United Arab Emirates Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.6.9.5. United Arab Emirates Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.6.9.6. United Arab Emirates Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.6.10. Israel
11.6.10.1. Overview
11.6.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.6.10.3. Israel Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.6.10.4. Israel Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.6.10.5. Israel Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.6.10.6. Israel Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.6.11. Turkey
11.6.11.1. Overview
11.6.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.6.11.3. Turkey Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.6.11.4. Turkey Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.6.11.5. Turkey Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.6.11.6. Turkey Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.6.12. Algeria
11.6.12.1. Overview
11.6.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.6.12.3. Algeria Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.6.12.4. Algeria Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.6.12.5. Algeria Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.6.12.6. Algeria Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.6.13. Egypt
11.6.13.1. Overview
11.6.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.6.13.3. Egypt Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.6.13.4. Egypt Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.6.13.5. Egypt Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.6.13.6. Egypt Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
11.6.14. Rest of MEA
11.6.14.1. Overview
11.6.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2020 - 2033, (US$ Million)
11.6.14.3. Rest of MEA Market Size and Forecast, By Vehicle Type, 2020 - 2033 (US$ Million)
11.6.14.4. Rest of MEA Market Size and Forecast, By Mechanism, 2020 - 2033 (US$ Million)
11.6.14.5. Rest of MEA Market Size and Forecast, By Propulsion Type, 2020 - 2033 (US$ Million)
11.6.14.6. Rest of MEA Market Size and Forecast, By Component, 2020 - 2033 (US$ Million)
12. Key Vendor Analysis- Electric Power Steering Industry
12.1. Competitive Benchmarking
12.1.1. Competitive Dashboard
12.1.2. Competitive Positioning
12.2. Company Profiles
12.2.1. JTEKT Corporation
12.2.2. Nexteer Automotive Group Ltd
12.2.3. NSK Ltd
12.2.4. Robert Bosch GmbH
12.2.5. ZF Friedrichshafen AG
12.2.6. Hyundai Mobis
12.2.7. Mando Corporation
12.2.8. thyssenkrupp AG
12.2.9. Hycet Technology Co. Ltd.
12.2.10. Mitsubishi Electric Corporation
12.2.11. Denso Corporation
12.2.12. Valeo SA
12.2.13. Continental AG
12.2.14. Others
13. 360 Degree AnalystView
14. Appendix
14.1. Research Methodology
14.2. References
14.3. Abbreviations
14.4. Disclaimer
14.5. Contact Us
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL ELECTRIC POWER STEERING MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
- JTEKT Corporation
- Nexteer Automotive Group Ltd
- NSK Ltd
- Robert Bosch GmbH
- ZF Friedrichshafen AG
- Hyundai Mobis
- Mando Corporation
- thyssenkrupp AG
- Hycet Technology Co. Ltd.
- Mitsubishi Electric Corporation
- Denso Corporation
- Valeo SA
- Continental AG
- Others
GLOBAL ELECTRIC POWER STEERING MARKET, BY VEHICLE TYPE- MARKET ANALYSIS, 2020 - 2033
- Electric Vehicle
- Passenger Car
- Commercial Vehicle
GLOBAL ELECTRIC POWER STEERING MARKET, BY MECHANISM- MARKET ANALYSIS, 2020 - 2033
- Column Mounted EPS (C-EPS)
- Pinion Mounted EPS (P-EPS)
- Rack Mounted EPS (R-EPS)
- Others
GLOBAL ELECTRIC POWER STEERING MARKET, BY PROPULSION TYPE- MARKET ANALYSIS, 2020 - 2033
- Internal Combustion Engine (ICE) Vehicles
- Hybrid Electric Vehicles (HEV)
- Battery Electric Vehicles (BEV)
GLOBAL ELECTRIC POWER STEERING MARKET, BY COMPONENT- MARKET ANALYSIS, 2020 - 2033
- Electric Motor
- Electronic Control Unit (ECU)
- Sensors (Torque, Angle, Position)
- Steering Gear (Rack & Pinion Assembly)
- Steering Column
- Others
GLOBAL ELECTRIC POWER STEERING MARKET, BY REGION- MARKET ANALYSIS, 2020 - 2033
North America
- U.S.
- Canada
Europe
- Germany
- UK
- France
- Italy
- Spain
- The Netherlands
- Sweden
- Russia
- Poland
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Indonesia
- Thailand
- Philippines
- Rest of APAC
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
The Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA
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