Electric Power Steering Market - Global Forecast 2025-2032

The electric power steering market is experiencing sustained growth as manufacturers seek efficiency, integration with advanced driver assistance systems, and enhanced adaptability to regulatory shifts. As vehicle platforms globalize and digital connectivity increases, electric power steering is central to delivering competitive, sustainable mobility solutions across the automotive value chain.

Market Snapshot: Robust Global Growth in Electric Power Steering

The electric power steering market grew from USD 27.09 billion in 2024 to USD 28.66 billion in 2025. It is expected to continue expanding at a CAGR of 6.07%, reaching USD 43.44 billion by 2032. Growth is driven by rapid adoption in both passenger and commercial vehicles, evolving safety and emissions regulations, and automaker investments in advanced electronic steering architectures. Market participants operate in an environment shaped by changing trade policies, accelerating electrification, and shifting consumer preferences for agile, energy-efficient vehicles.

Scope & Segmentation: Comprehensive Coverage across Market Dimensions

• Type: Includes Column-Assist Electric Power Steering, Pinion Assist Electric Power Steering (Single and Dual Pinion), and Rack-Assist Electric Power Steering.
• Component: Covers Electric Motor (Brush Motor, Brushless Motor), Electronic Control Unit (ECU), Intermediate Shaft, Sensors, Steering Column, and Steering Gear Assembly.
• Mechanism: Assesses Collapsible Mechanism and Rigid Mechanism types aligning with crash safety and performance priorities.
• Vehicle Type: Encompasses Commercial Vehicles (Heavy, Light Commercial Vehicles) and Passenger Vehicles (Sedans, SUVs).
• Distribution Channel: Examines Offline Sales and Online Sales for evolving go-to-market strategies.
• End-user: Differentiates between Aftermarket and Original Equipment Manufacturers pathways.
• Application: Evaluates the integration within Advanced Driver-Assistance Systems (ADAS), Autonomous Driving Support, Electrified Power Steering for EVs, and Vehicle Dynamics & Stability Control.
• Region: Analyzes Americas (including United States, Canada, Mexico, Brazil, Argentina, Chile, Colombia, Peru), Europe, Middle East & Africa (including major European, Middle East, and African markets), and Asia-Pacific (including China, India, Japan, Australia, South Korea, Southeast Asia).
• Company Analysis: Features key players including Continental AG, Denso Corporation, Infineon Technologies AG, Robert Bosch GmbH, ZF Friedrichshafen AG, and others, evaluating their strategic initiatives, partnerships, and technology focus.

Key Takeaways: Strategic Insights for Decision-Makers

• Electric power steering enables manufacturers to optimize chassis design, reduce energy consumption, and integrate software-defined driving functions.
• The alignment of steering systems with ADAS and digital vehicle networks supports predictive maintenance and ongoing system updates, enhancing operational reliability.
• Regional disparities in adoption reflect differences in safety regulations, infrastructure readiness, and consumer priorities, emphasizing the need for localized strategies.
• Investment in brushless motor technologies and high-performance electronic control units is foundational for supporting advanced steering functionalities and improved diagnostics.
• OEMs and suppliers are forming strategic collaborations to accelerate innovation cycles in areas like steer-by-wire and autonomous vehicle integration.
• Segment-specific requirements—from fleet modernization in the Middle East and Africa to new energy vehicle initiatives in China—necessitate agility across manufacturing, sourcing, and compliance.

Tariff Impact: Adapting Supply Chains and Strategies

United States tariff measures introduced in 2025 have increased complexity and cost pressures across electric power steering supply chains. Companies are responding by accelerating production localization, re-assessing supplier portfolios, and leveraging domestic content incentives where possible. Supply chain resilience and risk management are vital as global sourcing strategies evolve in response to shifting trade policies and geopolitical tensions.

Methodology & Data Sources

The report’s research methodology combines in-depth executive interviews with leading OEMs and tier-one suppliers, comprehensive reviews of technical publications, and granular analysis of trade, cost, and tariff data across regions. Advanced modeling frameworks and rigorous peer review ensure results are both reliable and actionable for senior stakeholders.

Why This Report Matters

• Enables leaders to shape technology, sourcing, and regional strategies to maximize growth and compliance amid regulatory changes.
• Supports investment targeting by illuminating high-growth subsegments and innovation opportunities in electric power steering technologies.
• Equips decision-makers with insights to navigate supply chain challenges, accelerate product development, and secure competitive advantage.

Conclusion

Electric power steering is vital to the evolution of connected, efficient, and compliant vehicle platforms. Stakeholders leveraging these insights will be best positioned to succeed in an increasingly complex automotive landscape.

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