Automotive Electric Power Steering (EPS) Market Overview, Growth, Trends, Analysis, Research Report (2025-2031)
Historic Data: 2021-2023 | Base Year: 2024 | Forecast Period: 2025-2031Coverage: Automotive Electric Power Steering (EPS) Market covers analysis By Component (Steering Column, Steering Motor, Sensor, Others); Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles) , and Geography (North America, Europe, Asia Pacific, and South and Central America)
- Report Date : Sep 2025
- Report Code : TIPRE00007450
- Category : Automotive and Transportation
- Status : Upcoming
- Available Report Formats :
- No. of Pages : 150
AI overview of Automotive Electric Power Steering (EPS) Market
The Automotive Electric Power Steering (EPS) Market is poised for significant growth, projected to reach a market size of US$ XX million by 2031, with a robust CAGR of XX% from 2025 to 2031. This market, which encompasses various components such as steering columns, motors, and sensors, is driven by the increasing demand for enhanced safety and comfort in vehicles. Notably, the rise of electric power steering systems is revolutionizing the driving experience, making vehicles more eco-friendly by reducing energy consumption. As we look ahead, trends such as the development of smart EPS systems and sustainable solutions are set to shape the future of automotive innovation, providing exciting opportunities for growth in the Automotive Electric Power Steering (EPS) Market.
The Automotive Electric Power Steering (EPS) Market is expected to register a CAGR of XX% from 2025 to 2031, with a market size expanding from US$ XX Million in 2024 to US$ XX Million by 2031.
The report is categorized by Component (Steering ColuMillion, Steering Motor, Sensor) and further analyzes the market based on Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles). A comprehensive breakdown is provided at global, regional, and country levels for each of these key segments.
The report includes market size and forecasts across all segments, presenting values in USD. It also delivers key statistics on the current market status of leading players, along with insights into prevailing market trends and emerging opportunities.
Purpose of the Report
The report Automotive Electric Power Steering (EPS) Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Automotive Electric Power Steering (EPS) Market Segmentation
Component
- Steering ColuMillion
- Steering Motor
- Sensor
Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
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Automotive Electric Power Steering (EPS) Market: Strategic Insights
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Automotive Electric Power Steering (EPS) Market Growth Drivers
- Revolutionizing Driving: The Rise of Electric Power Steering Systems
- Enhanced Safety and Comfort: EPS Technology Transforms Vehicle Control
- Eco-Friendly Innovation: EPS Reduces Energy Consumption in Cars
Automotive Electric Power Steering (EPS) Market Future Trends
- Electric Power Steering: Revolutionizing Driving Experience in 2025
- Sustainable EPS Solutions Drive Automotive Innovation by 2026
- Smart EPS Systems Enhance Vehicle Safety and Efficiency by 2027
Automotive Electric Power Steering (EPS) Market Opportunities
- Revving Up: Demand for Advanced EPS in Electric Vehicles Soars
- Steering Towards Sustainability: EPS Solutions for Eco-Friendly Cars
- Smooth Rides Ahead: Innovations in EPS for Enhanced Driver Experience
Automotive Electric Power Steering (EPS) Market Regional Insights
The regional trends and factors influencing the Automotive Electric Power Steering (EPS) Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Automotive Electric Power Steering (EPS) Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Automotive Electric Power Steering (EPS) Market
Automotive Electric Power Steering (EPS) Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2025 - 2031) | XX% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Automotive Electric Power Steering (EPS) Market Players Density: Understanding Its Impact on Business Dynamics
The Automotive Electric Power Steering (EPS) Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Automotive Electric Power Steering (EPS) Market are:
- GKN Automotive Limited
- Hitachi Automotive Systems, Ltd.
- Hyundai Mobis Co., Ltd.
- JTEKT Corporation
- Mitsubishi Electric Corporation
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Automotive Electric Power Steering (EPS) Market top key players overview
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Automotive Electric Power Steering (EPS) Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Automotive Electric Power Steering (EPS) Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
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1.GKN Automotive Limited
2.Hitachi Automotive Systems, Ltd.
3.Hyundai Mobis Co., Ltd.
4.JTEKT Corporation
5.Mitsubishi Electric Corporation
6.Nexteer Automotive Corporation
7.NSK Ltd.
8.Robert Bosch GmbH
9.Showa Corporation
10.ZF Friedrichshafen AG
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