Active Power Steering - Global Strategic Business Report

The global market for Active Power Steering was estimated at US$11.5 Billion in 2024 and is projected to reach US$23.2 Billion by 2030, growing at a CAGR of 12.4% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Active Power Steering market.

Global Active Power Steering Market - Key Trends & Drivers Summarized

Why Is Active Power Steering Transforming Vehicle Dynamics?

Active power steering (APS) systems are at the forefront of innovation in automotive technology, enhancing driving precision, comfort, and safety. Unlike traditional hydraulic or electric power steering systems, APS integrates advanced electronic controls and actuators to provide variable steering assistance based on real-time driving conditions. By dynamically adjusting steering torque and angle, these systems optimize vehicle handling in various scenarios, such as high-speed cruising, urban navigation, and challenging terrains. This adaptability has made APS a key enabler of modern vehicle dynamics, addressing the rising consumer demand for safer and more comfortable driving experiences. With the growing adoption of electric vehicles (EVs) and advanced driver-assistance systems (ADAS), APS plays a crucial role in ensuring seamless integration with autonomous driving features, making it a critical component in the evolution of next-generation vehicles. As consumers increasingly prioritize safety, comfort, and innovation, APS systems are becoming indispensable in both passenger and commercial vehicles, solidifying their place in the automotive landscape.

How Are Technological Advancements Shaping the Active Power Steering Market?

The active power steering market is experiencing a technological revolution, driven by advancements in electronics, sensor technology, and AI-driven algorithms. Modern APS systems are equipped with high-precision sensors that continuously monitor parameters such as vehicle speed, steering angle, and road conditions to deliver real-time adjustments. The integration of AI and machine learning has further enhanced the predictive capabilities of APS, enabling systems to anticipate driver inputs and adapt accordingly for smoother and more efficient steering. Electrification has also revolutionized APS design, with steer-by-wire systems eliminating the mechanical connection between the steering wheel and wheels. This innovation not only reduces weight but also provides greater flexibility for implementing autonomous driving features. Furthermore, manufacturers are focusing on the development of modular APS platforms that can be customized for different vehicle models, from compact cars to heavy-duty trucks. These advancements are not only improving the performance and reliability of APS systems but also expanding their applicability across a wide range of vehicle types, paving the way for widespread adoption in the automotive industry.

Which Regions and Market Segments Are Leading Demand for Active Power Steering Systems?

The demand for active power steering systems is gaining momentum across the globe, with varying levels of adoption and growth across regions. North America and Europe are leading markets, driven by stringent vehicle safety regulations, high consumer awareness, and a strong presence of automotive manufacturers investing in advanced technologies. These regions are also at the forefront of EV adoption, further boosting demand for APS systems that enhance energy efficiency and complement autonomous driving features. In contrast, the Asia-Pacific region is emerging as a major growth hub, supported by rapid urbanization, increasing vehicle production, and rising disposable incomes in countries like China, India, and Japan. The growing popularity of luxury and premium vehicles in these markets has further driven the adoption of APS, as consumers seek enhanced comfort and safety features. Commercial vehicles, including trucks and buses, represent a significant market segment for APS systems, as fleet operators increasingly prioritize driver safety and fuel efficiency. Across all regions and segments, APS is becoming a key differentiator for automakers, influencing purchasing decisions and shaping the future of mobility.

What Factors Are Driving Growth in the Active Power Steering Market?

The growth in the Active Power Steering market is driven by several factors, including advancements in vehicle automation, increasing demand for electric and hybrid vehicles, and heightened safety regulations worldwide. The proliferation of ADAS and autonomous driving technologies has necessitated the adoption of APS systems that can seamlessly integrate with these advanced features, providing precise and adaptive steering assistance. The rapid transition to EVs has further amplified demand for APS, as these systems optimize energy efficiency and enhance driving comfort, making them an ideal fit for the electric mobility era. Additionally, rising consumer awareness of road safety and government mandates for enhanced vehicle safety features have accelerated the adoption of APS systems in both passenger and commercial vehicles. The growing preference for premium vehicles with advanced comfort and handling capabilities has also contributed to market expansion. Lastly, increased investments in R&D by automotive manufacturers and suppliers are driving innovation, ensuring the continuous evolution of APS technology to meet the needs of a dynamic and competitive automotive industry.

Report Scope

The report analyzes the Active Power Steering market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments: Type (Hydraulic Power Steering System, Electric Power Steering System, Electro-Hydraulic Power Steering System); Application (Passenger Cars Application, Commercial Vehicles Application)

Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Hydraulic Power Steering System segment, which is expected to reach US$10.0 Billion by 2030 with a CAGR of a 15.1%. The Electric Power Steering System segment is also set to grow at 9.4% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $3.1 Billion in 2024, and China, forecasted to grow at an impressive 17.1% CAGR to reach $5.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Active Power Steering Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Active Power Steering Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Active Power Steering Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as HL Mando Corp., JTEKT Corporation, Knorr-Bremse Commercial Vehicle Systems GmbH, Man Truck & Bus SE, Nexteer Automotive Corporation and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 48 Featured):

• HL Mando Corp.
• JTEKT Corporation
• Knorr-Bremse Commercial Vehicle Systems GmbH
• Man Truck & Bus SE
• Nexteer Automotive Corporation
• NSK Ltd.
• Ognibene Power S.P.A.
• Robert Bosch GmbH
• ThyssenKrupp Automotive Technology (A Division of ThyssenKrupp AG)
• Volvo Trucks North America

Tariff Impact Analysis: Key Insights for 2025

Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.

The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.

What’s Included in This Edition:

• Tariff-adjusted market forecasts by region and segment
• Analysis of cost and supply chain implications by sourcing and trade exposure
• Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

• Finalized tariff impacts and new trade agreement effects
• Updated projections reflecting global sourcing and cost shifts
• Expanded country-specific coverage across the industry