Electric Power Steering (EPS) Market Trends: Growth, Share, Value, Size, and Analysis By 2030
MarkNtel Advisors Releases Comprehensive Study on the Electric Power Steering (EPS) Market, Forecasting Strong Growth from 2025 to 2030
MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled “Electric Power Steering (EPS) Market Analysis, 2025–2030.”
This report provides a detailed assessment of the Electric Power Steering (EPS) Market, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.
Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.
Download a FREE PDF Sample of the Report: (Discover the market potential, platform-specific insights, and key industry trends.) https://www.marknteladvisors.com/query/request-sample/electric-power-steering-market.html
Electric Power Steering (EPS) Market Timeline Overview
-Historical Years: 2020-23
-Base Years: 2024
-Forecast year - 2025-2030
This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.
Electric Power Steering (EPS) Market Outlook
According to the report, The Global Electric Power Steering (EPS) Market size was valued at around USD 26.96 billion in 2024 and is projected to reach USD 38.78 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.2% during the forecast period, i.e., 2025-30.
The report also examines consumer preferences, regulatory impacts, and investment trends that will shape the market’s trajectory over the next decade.
Electric Power Steering (EPS) Market Drivers:
- The growing popularity of electric and hybrid vehicles is increasing the demand for electric power steering systems.
- Automakers are focusing on reducing vehicle weight and improving fuel efficiency, which supports the shift from hydraulic to electric steering.
- The rise of advanced driver-assistance systems (ADAS) is boosting EPS adoption because it integrates easily with electronic controls.
- Expanding vehicle production in countries like China, India, and Japan is driving the growth of the EPS market in the Asia-Pacific region.
Electric Power Steering (EPS) Market Trends:
- Electric power steering systems are increasingly using AI and advanced sensors to support features like lane-keeping and autonomous driving.
- The Asia-Pacific region is seeing rapid growth due to rising vehicle production, electric vehicle adoption, and supportive government policies.
View Full Report (All Data, In One Place): (Explore in-depth analyses, technological trends, and investment patterns.) https://www.marknteladvisors.com/research-library/electric-power-steering-market.html
Electric Power Steering (EPS) Market Segmentation
The study categorizes the Electric Power Steering (EPS) Market into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.
By Components
- Steering Column - Market Size & Forecast 2020-2030, USD Million
- Steering Gear - Market Size & Forecast 2020-2030, USD Million
- Sensor -Market Size & Forecast 2020-2030, USD Million
- Mechanical Pinion & Rack-Market Size & Forecast 2020-2030, USD Million
- Electronic Control Unit (ECU)-Market Size & Forecast 2020-2030, USD Million
- Electric Motor-Market Size & Forecast 2020-2030, USD Million
- Bearing-Market Size & Forecast 2020-2030, USD Million
- Others-Market Size & Forecast 2020-2030, USD Million
By Type
- Column Assist Type (C-EPS)- Market Size & Forecast 2020-2030, USD Million
- Pinion Assist Type (P-EPS)- Market Size & Forecast 2020-2030, USD Million
- Rack Assist Type (R-EPS)- Market Size & Forecast 2020-2030, USD Million
By Mechanism
- Collapsible- Market Size & Forecast 2020-2030, USD Million
- Rigid- Market Size & Forecast 2020-2030, USD Million
By Fuel
- Petrol- Market Size & Forecast 2020-2030, USD Million
- Diesel- Market Size & Forecast 2020-2030, USD Million
- Natural Gas-Market Size & Forecast 2020-2030, USD Million
- Electric-Market Size & Forecast 2020-2030, USD Million
- Others-Market Size & Forecast 2020-2030, USD Million
By Vehicle Type
- Passenger Cars & SUVs-Market Size & Forecast 2020-2030, USD Million
- Commercial Vehicles-Market Size & Forecast 2020-2030, USD Million
- Light Commercial Vehicles-Market Size & Forecast 2020-2030, USD Million
- Heavy Commercial Vehicles-Market Size & Forecast 2020-2030, USD Million
Geographical Analysis
- North America
- South America
- Europe
- The Middle East & Africa
The report presents detailed insights into the Electric Power Steering (EPS) Market’s geographical expansion, highlighting key trends and opportunities across the following geographies:
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Leading Companies in Electric Power Steering (EPS) Market Worldwide: Players, Analysis & Future Outlook
Denso Corporation, Hyundai Mobis, JTEKT Corporation, HL Mando, Hitachi Astemo, LTD., Mitsubishi Electric Corporation, Nexteer, NSK Corporate, Sensata Technologies, Inc., ZF Friedrichshafen AG, Zhuzhou Elite Electro-Mechanical Co. Ltd., GKN Automotive Limited, Thyssenkrupp Presta AG, and others.
Key Highlights of the Report
- Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2025 to 2030.
- Growth Drivers & Challenges: Clear insights into factors fueling or restraining market expansion.
- Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
- Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.
Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences
Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/electric-power-steering-market.html
Frequently Asked Questions (FAQ)
- What is the projected growth rate of the Electric Power Steering (EPS) Market?
2. What are the major factors driving this market’s growth?
3. Which regions are expected to lead the Electric Power Steering (EPS) Market?
4. Who are the prominent players in the Electric Power Steering (EPS) Market?
5. How is the competition structured in this market?
6. How can I access the full report?
About us:
MarkNtel Advisors is a leading research and consulting firm providing strategic intelligence across the automotive industry, spanning automobiles, electric vehicles, autonomous driving, and automotive components & electronics. Our research helps OEMs, suppliers, and investors navigate regulatory shifts, evolving mobility patterns, and emerging EV ecosystems. With Custom Market Analysis, we deliver tailored research solutions that address specific business objectives, empowering clients to optimize investments, accelerate innovation, and sustain long-term growth in the global automotive market.
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