The active power steering market size has grown rapidly in recent years. It will grow from $11.14 billion in 2025 to $12.6 billion in 2026 at a compound annual growth rate (CAGR) of 13.1%. The growth in the historic period can be attributed to vehicle safety regulations, shift from hydraulic steering, passenger comfort demand, automotive electronics growth, fuel efficiency requirements.
The active power steering market size is expected to see rapid growth in the next few years. It will grow to $20.39 billion in 2030 at a compound annual growth rate (CAGR) of 12.8%. The growth in the forecast period can be attributed to autonomous driving development, steer-by-wire adoption, electric vehicle production growth, software-driven vehicle architectures, advanced sensor integration. Major trends in the forecast period include increasing adoption of electric power steering, integration with adas systems, demand for enhanced driving comfort, growth in autonomous vehicle platforms, software-defined steering.
The rising demand for electric vehicles is expected to drive the growth of the active power steering market in the coming years. Electric vehicles (EVs) are cars powered fully or partially by electricity, utilizing electric motors and rechargeable batteries instead of conventional internal combustion engines. The surge in EV adoption is attributed to advances in battery technology that have greatly extended driving ranges and shortened charging times. Active power steering improves electric vehicles by optimizing steering response and boosting energy efficiency. This results in better vehicle handling, increased battery range, reduced driver fatigue, and seamless integration with advanced driver assistance systems (ADAS), providing a safer and more comfortable driving experience. For example, according to the International Energy Agency, a France-based intergovernmental organization, global electric car sales increased from 14 million in 2023 to 17 million in 2024, showing strong year-over-year growth. Therefore, the expanding demand for electric vehicles is propelling the active power steering market forward.
Leading companies in the active power steering market are focused on developing innovative products such as electric and hydraulic power steering systems to enhance vehicle handling, improve fuel efficiency, and meet the rising demand for advanced driver-assistance technologies. Electric and hydraulic power steering systems are technologies designed to assist drivers by reducing the effort needed to steer vehicles. For instance, in April 2025, Nexteer Automotive, a US-based automotive company, introduced a high-output column-assist electric power steering (HO CEPS) system. This system delivers enhanced steering support specifically for larger and heavier vehicles while improving energy efficiency and overall vehicle handling. The HO CEPS system is engineered to provide higher torque output, making it ideal for trucks and SUVs. By combining advanced control algorithms with powerful electric motors, the system increases steering precision, reduces driver effort, and enhances vehicle control. It also supports fuel efficiency and compatibility with electric vehicles by minimizing parasitic power loss compared to traditional hydraulic systems.
In March 2024, ZF Friedrichshafen AG, a Germany-based automotive component supplier, acquired a majority stake in Rane Steering Systems Private Limited for an undisclosed amount. Through this acquisition, ZF plans to expand its passenger car and commercial vehicle business within India. The move will enhance cooperation with the Rane Group to introduce new technologies faster and localize operations as part of ZF’s Refresh India strategy. Rane Steering Systems Private Limited, headquartered in India, manufactures active power steering systems, including both manual and electric power steering (EPS) columns.
Major companies operating in the active power steering market report include Volkswagen AG, Toyota Motor Corporation, Mercedes-Benz Group AG, Ford Motor Company, General Motors, Bayerische Motoren Werke AG (BMW), Hyundai Motor Company, Tesla Inc., Nissan Motor Co. Ltd., Audi AG, Kia Corporation, BYD Company Limited, Nikola Corporation, Renault Group, AB Volvo, Porsche AG, Jaguar Land Rover Automotive PLC, Geely Automobile Holdings Limited, NIO Inc., XPeng Inc., Rivian Automotive LLC, Lucid Group Inc., Proterra Inc., Energica Motor Company S.p.A., Bollinger Motors, Workhorse Group Inc., Fisker Inc.
North America was the largest region in the active power steering market in 2025. The regions covered in the active power steering market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the active power steering market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The active power steering market consists of sales of rack and pinion gear sets, steering actuators and electric motors, steering angle sensors, and steering control modules. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
The active power steering market size is expected to see rapid growth in the next few years. It will grow to $20.39 billion in 2030 at a compound annual growth rate (CAGR) of 12.8%. The growth in the forecast period can be attributed to autonomous driving development, steer-by-wire adoption, electric vehicle production growth, software-driven vehicle architectures, advanced sensor integration. Major trends in the forecast period include increasing adoption of electric power steering, integration with adas systems, demand for enhanced driving comfort, growth in autonomous vehicle platforms, software-defined steering.
The rising demand for electric vehicles is expected to drive the growth of the active power steering market in the coming years. Electric vehicles (EVs) are cars powered fully or partially by electricity, utilizing electric motors and rechargeable batteries instead of conventional internal combustion engines. The surge in EV adoption is attributed to advances in battery technology that have greatly extended driving ranges and shortened charging times. Active power steering improves electric vehicles by optimizing steering response and boosting energy efficiency. This results in better vehicle handling, increased battery range, reduced driver fatigue, and seamless integration with advanced driver assistance systems (ADAS), providing a safer and more comfortable driving experience. For example, according to the International Energy Agency, a France-based intergovernmental organization, global electric car sales increased from 14 million in 2023 to 17 million in 2024, showing strong year-over-year growth. Therefore, the expanding demand for electric vehicles is propelling the active power steering market forward.
Leading companies in the active power steering market are focused on developing innovative products such as electric and hydraulic power steering systems to enhance vehicle handling, improve fuel efficiency, and meet the rising demand for advanced driver-assistance technologies. Electric and hydraulic power steering systems are technologies designed to assist drivers by reducing the effort needed to steer vehicles. For instance, in April 2025, Nexteer Automotive, a US-based automotive company, introduced a high-output column-assist electric power steering (HO CEPS) system. This system delivers enhanced steering support specifically for larger and heavier vehicles while improving energy efficiency and overall vehicle handling. The HO CEPS system is engineered to provide higher torque output, making it ideal for trucks and SUVs. By combining advanced control algorithms with powerful electric motors, the system increases steering precision, reduces driver effort, and enhances vehicle control. It also supports fuel efficiency and compatibility with electric vehicles by minimizing parasitic power loss compared to traditional hydraulic systems.
In March 2024, ZF Friedrichshafen AG, a Germany-based automotive component supplier, acquired a majority stake in Rane Steering Systems Private Limited for an undisclosed amount. Through this acquisition, ZF plans to expand its passenger car and commercial vehicle business within India. The move will enhance cooperation with the Rane Group to introduce new technologies faster and localize operations as part of ZF’s Refresh India strategy. Rane Steering Systems Private Limited, headquartered in India, manufactures active power steering systems, including both manual and electric power steering (EPS) columns.
Major companies operating in the active power steering market report include Volkswagen AG, Toyota Motor Corporation, Mercedes-Benz Group AG, Ford Motor Company, General Motors, Bayerische Motoren Werke AG (BMW), Hyundai Motor Company, Tesla Inc., Nissan Motor Co. Ltd., Audi AG, Kia Corporation, BYD Company Limited, Nikola Corporation, Renault Group, AB Volvo, Porsche AG, Jaguar Land Rover Automotive PLC, Geely Automobile Holdings Limited, NIO Inc., XPeng Inc., Rivian Automotive LLC, Lucid Group Inc., Proterra Inc., Energica Motor Company S.p.A., Bollinger Motors, Workhorse Group Inc., Fisker Inc.
North America was the largest region in the active power steering market in 2025. The regions covered in the active power steering market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the active power steering market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The active power steering market consists of sales of rack and pinion gear sets, steering actuators and electric motors, steering angle sensors, and steering control modules. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Active Power Steering Market Characteristics
3. Active Power Steering Market Supply Chain Analysis
4. Global Active Power Steering Market Trends and Strategies
5. Active Power Steering Market Analysis of End Use Industries
7. Global Active Power Steering Strategic Analysis Framework, Current Market Size, Market Comparisons and Growth Rate Analysis
8. Global Active Power Steering Total Addressable Market (TAM) Analysis for the Market
9. Active Power Steering Market Segmentation
10. Active Power Steering Market Regional and Country Analysis
11. Asia-Pacific Active Power Steering Market
12. China Active Power Steering Market
13. India Active Power Steering Market
14. Japan Active Power Steering Market
15. Australia Active Power Steering Market
16. Indonesia Active Power Steering Market
17. South Korea Active Power Steering Market
18. Taiwan Active Power Steering Market
19. South East Asia Active Power Steering Market
20. Western Europe Active Power Steering Market
21. UK Active Power Steering Market
22. Germany Active Power Steering Market
23. France Active Power Steering Market
24. Italy Active Power Steering Market
25. Spain Active Power Steering Market
26. Eastern Europe Active Power Steering Market
27. Russia Active Power Steering Market
28. North America Active Power Steering Market
29. USA Active Power Steering Market
30. Canada Active Power Steering Market
31. South America Active Power Steering Market
32. Brazil Active Power Steering Market
33. Middle East Active Power Steering Market
34. Africa Active Power Steering Market
36. Active Power Steering Market Competitive Landscape and Company Profiles
37. Active Power Steering Market Other Major and Innovative Companies
40. Active Power Steering Market High Potential Countries, Segments and Strategies
41. Appendix
Executive Summary
Active Power Steering Market Global Report 2026 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses active power steering market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase::
- Gain a truly global perspective with the most comprehensive report available on this market covering 16 geographies.
- Assess the impact of key macro factors such as geopolitical conflicts, trade policies and tariffs, inflation and interest rate fluctuations, and evolving regulatory landscapes.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on end user analysis.
- Benchmark performance against key competitors based on market share, innovation, and brand strength.
- Evaluate the total addressable market (TAM) and market attractiveness scoring to measure market potential.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for active power steering? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The active power steering market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
- The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
- The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
- The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
- The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
- Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.
Report Scope
Markets Covered:
1) By Type: Electric Power Steering System; Hydraulic Power Steering System; Electro-Hydraulic Power Steering System2) By Application: Passenger Car; Commercial Vehicle
3) By Distribution Channel: Original Equipment Manufacturer; Aftermarket
Subsegments:
1) By Electric Power Steering System: Column Type Electric Power Steering System; Pinion Type Electric Power Steering System; Rack Type Electric Power Steering System2) By Hydraulic Power Steering System: Integral Hydraulic Power Steering; Linkage Hydraulic Power Steering
3) By Electro-Hydraulic Power Steering System: Belt-Driven Electro-Hydraulic Power Steering System; Electrically Assisted Hydraulic Steering
Companies Mentioned: Volkswagen AG; Toyota Motor Corporation; Mercedes-Benz Group AG; Ford Motor Company; General Motors; Bayerische Motoren Werke AG (BMW); Hyundai Motor Company; Tesla Inc.; Nissan Motor Co. Ltd.; Audi AG; Kia Corporation; BYD Company Limited; Nikola Corporation; Renault Group; AB Volvo; Porsche AG; Jaguar Land Rover Automotive PLC; Geely Automobile Holdings Limited; NIO Inc.; XPeng Inc.; Rivian Automotive LLC; Lucid Group Inc.; Proterra Inc.; Energica Motor Company S.p.a.; Bollinger Motors; Workhorse Group Inc.; Fisker Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: Word, PDF or Interactive Report + Excel Dashboard
Added Benefits:
- Bi-Annual Data Update
- Customisation
- Expert Consultant Support
Companies Mentioned
The companies featured in this Active Power Steering market report include:- Volkswagen AG
- Toyota Motor Corporation
- Mercedes-Benz Group AG
- Ford Motor Company
- General Motors
- Bayerische Motoren Werke AG (BMW)
- Hyundai Motor Company
- Tesla Inc.
- Nissan Motor Co. Ltd.
- Audi AG
- Kia Corporation
- BYD Company Limited
- Nikola Corporation
- Renault Group
- AB Volvo
- Porsche AG
- Jaguar Land Rover Automotive PLC
- Geely Automobile Holdings Limited
- NIO Inc.
- XPeng Inc.
- Rivian Automotive LLC
- Lucid Group Inc.
- Proterra Inc.
- Energica Motor Company S.p.A.
- Bollinger Motors
- Workhorse Group Inc.
- Fisker Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | January 2026 |
| Forecast Period | 2026 - 2030 |
| Estimated Market Value ( USD | $ 12.6 Billion |
| Forecasted Market Value ( USD | $ 20.39 Billion |
| Compound Annual Growth Rate | 12.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 28 |
