The Italy electric power steering market size was valued at USD 277.36 Million in 2024. The market is further projected to grow at a CAGR of 4.90% between 2025 and 2034, reaching a value of USD 447.51 Million by 2034.
An electric power steering has benefits over traditional hydraulic power steering systems as it uses an electric motor, instead of a pump, to steer the wheel, which reduces the load on the engine, improves fuel efficiency, and reduces CO2 emissions. The electric power steering market in Italy is also expected to be driven by the increasing demand for fuel-efficient vehicles and the growing trend of autonomous driving.
Italian automaker, Fiat Chrysler Automobiles (FCA), has been incorporating electric power steering systems in their vehicles to improve fuel efficiency and reduce emissions. Companies like Waymo, a subsidiary of Alphabet Inc., are pioneering the development of self-driving vehicles that rely on sophisticated EPS systems for autonomous steering capabilities.
Moreover, electric vehicle manufacturers like Tesla have been at the forefront of vehicle electrification, utilising advanced EPS systems to enhance steering control and efficiency. Tesla's Model 3, Model S, and Model X showcase the integration of EPS technology in electric vehicles, contributing to their popularity and performance.
The column assist segment is expected to dominate the Italy electric power steering market share during the forecast period due to its high penetration in passenger vehicles. They enhance steering agility, stability, low-temperature resistance, and low power consumption, making them a preferred choice for vehicles in Italy.
The rack assist type (REPS) segment in the market is designed for heavier vehicles to handle higher front-axle loads. They also save valuable space in engine compartments, reduce assembly costs, and increase performance integrity compared to systems with remote electronic controls. On the other hand, PEPS systems are known for their good steering agility, stability, and low power consumption. They are favoured for their ease of integration and secondary development, showing strong vitality in the power steering systems of automobiles in Italy.
An electric power steering has benefits over traditional hydraulic power steering systems as it uses an electric motor, instead of a pump, to steer the wheel, which reduces the load on the engine, improves fuel efficiency, and reduces CO2 emissions. The electric power steering market in Italy is also expected to be driven by the increasing demand for fuel-efficient vehicles and the growing trend of autonomous driving.
Italian automaker, Fiat Chrysler Automobiles (FCA), has been incorporating electric power steering systems in their vehicles to improve fuel efficiency and reduce emissions. Companies like Waymo, a subsidiary of Alphabet Inc., are pioneering the development of self-driving vehicles that rely on sophisticated EPS systems for autonomous steering capabilities.
Moreover, electric vehicle manufacturers like Tesla have been at the forefront of vehicle electrification, utilising advanced EPS systems to enhance steering control and efficiency. Tesla's Model 3, Model S, and Model X showcase the integration of EPS technology in electric vehicles, contributing to their popularity and performance.
The column assist segment is expected to dominate the Italy electric power steering market share during the forecast period due to its high penetration in passenger vehicles. They enhance steering agility, stability, low-temperature resistance, and low power consumption, making them a preferred choice for vehicles in Italy.
The rack assist type (REPS) segment in the market is designed for heavier vehicles to handle higher front-axle loads. They also save valuable space in engine compartments, reduce assembly costs, and increase performance integrity compared to systems with remote electronic controls. On the other hand, PEPS systems are known for their good steering agility, stability, and low power consumption. They are favoured for their ease of integration and secondary development, showing strong vitality in the power steering systems of automobiles in Italy.
Market Segmentation
Italy Electric Power Steering Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:Market Breakup by Product Type
- Rack Assist Type (REPS)
- Column Assist Type (CEPS)
- Pinion Assist Type (PEPS)
Market Breakup by Component
- Steering Rack/Column
- Sensors
- Electric Motor
- Others
Market Breakup by Vehicle Type
- Passenger Car
- Commercial Vehicle
Market Breakup by Sales Channel
- Original Equipment Manufacturer (OEM)
- Aftermarket
Competitive Landscape
Market players are capitalising on the growing demand for advanced power-driven steering systems, coupled with regulations and initiatives towards decarbonisation.- Mitsubishi Electric Corporation
- Denso Corporation
- Knorr-Bremse AG
- thyssenkrupp AG
- ZF Friedrichshafen AG
- Nexteer Automotive Corporation
- Dowlais Group Plc (GKN Automotive Ltd.)
- NSK Ltd.
- GENERAL RICAMBI S.P.A
- Others
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Europe Electric Power Steering Market Overview
6 Italy Electric Power Steering Market Overview
7 Italy Electric Power Steering Market by Product Type
8 Italy Electric Power Steering Market by Component
9 Italy Electric Power Steering Market by Vehicle Type
10 Italy Electric Power Steering Market by Sales Channel
11 Market Dynamics
12 Competitive Landscape
Companies Mentioned
- Mitsubishi Electric Corporation
- Denso Corporation
- Knorr-Bremse AG
- thyssenkrupp AG
- ZF Friedrichshafen AG
- Nexteer Automotive Corporation
- Dowlais Group Plc (GKN Automotive Ltd.)
- NSK Ltd.
- GENERAL RICAMBI S.P.A
