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Report Description

Report Description

Forecast Period

2027-2031

Market Size (2025)

USD 24.86 Billion

CAGR (2026-2031)

6.21%

Fastest Growing Segment

Rigid

Largest Market

Asia Pacific

Market Size (2031)

USD 35.69 Billion

Market Overview

The Global Electric Power Steering Market will grow from USD 24.86 Billion in 2025 to USD 35.69 Billion by 2031 at a 6.21% CAGR. The Electric Power Steering market comprises steering mechanisms that utilize an electric motor to provide driver assistance, thereby removing the necessity for hydraulic pumps while enabling variable force based on vehicle velocity. Key drivers propelling this industry include stringent fuel economy regulations and the necessity for electronic control in driver assistance systems which require precise digital actuation. According to the European Automobile Manufacturers Association, in 2024, global car sales reached 74.6 million units, underscoring the substantial scale of demand for these essential automotive components. This growth is further reinforced by the electrification of global fleets which inherently requires electrically actuated steering solutions to function without internal combustion engines.

A significant challenge impeding broader market expansion is the high production cost associated with electronic steering components compared to traditional hydraulic systems. The requirement for advanced sensors and electronic control units increases dependency on volatile semiconductor supply chains and elevates the overall bill of materials. This cost barrier restricts widespread adoption in the entry level vehicle segment where maintaining competitive pricing is essential for maintaining market share in price sensitive regions.

Key Market Drivers

The rapid electrification of the automotive powertrain serves as a primary catalyst for the expansion of the Electric Power Steering market. As manufacturers transition away from internal combustion engines, traditional hydraulic steering systems, which rely on engine-driven belts, are becoming obsolete. Electric power steering is the requisite technology for battery electric vehicles because it functions independently of the propulsion system and consumes energy only when steering assist is actually required, thereby optimizing battery range. This structural shift in vehicle architecture is directly correlated with the surge in electric mobility adoption. According to the International Energy Agency, April 2024, in the 'Global EV Outlook 2024', global sales of electric cars reached nearly 14 million units in 2023, creating an immediate and non-negotiable requirement for electrically actuated steering components in these new platforms.

Simultaneously, the rising integration of Advanced Driver Assistance Systems is fundamentally reshaping demand by transforming the steering system from a passive mechanical link into an active safety enabler. Modern safety features such as lane-keeping assist, automated parking, and traffic jam assist require precise, electronically controlled steering interventions that only electric systems can deliver. This technological necessity is driving substantial financial commitments from suppliers who are developing software-defined steering capabilities. According to Nexteer Automotive Group Limited, April 2024, in the '2023 Annual Report', the company secured new business bookings of US$6.1 billion, a figure largely attributed to the growing need for advanced motion control technologies. This technological proliferation is occurring within a backdrop of intense manufacturing activity; according to the China Association of Automobile Manufacturers, in 2024, automobile production in China alone reached 30.16 million units in 2023, indicating the massive scale of the manufacturing ecosystem now standardizing these advanced steering inputs.

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Key Market Challenges

The high production cost associated with electronic steering components poses a severe impediment to the expansion of the Global Electric Power Steering Market. Advanced steering systems require complex assemblies of sensors, motors, and control units that significantly increase the bill of materials compared to traditional hydraulic mechanisms. This price premium limits adoption in cost-sensitive entry-level vehicle segments, where maintaining competitive retail pricing is crucial for market share. Consequently, automakers are often forced to restrict these advanced features to higher-end models, thereby capping the potential volume growth of the electric steering sector.

This cost burden exerts immense pressure on the financial stability of the automotive supply chain. High input costs combined with volatile production volumes reduce the capital available for necessary research and development. According to the European Association of Automotive Suppliers, in 2024, capital investment in electric vehicle components dropped to 5.64 billion euros, marking a sharp decline as suppliers managed shrinking margins. This reduction in investment directly hampers the industry's ability to scale production and develop more affordable next-generation technologies needed to overcome the initial cost barrier.

Key Market Trends

The adoption of Steer-by-Wire (SbW) technology is revolutionizing the market by completely eliminating the mechanical linkage between the steering wheel and the road wheels. This architecture transmits steering inputs purely through electronic signals, enabling variable steering ratios that allow a vehicle to achieve full lock with minimal hand rotation, thereby enhancing maneuverability and facilitating new interior cabin designs. Automakers are now moving this technology from concept to commercial reality, with major markets granting regulatory clearances for mass production. According to Gasgoo, December 2024, in the article 'NIO ET9 obtains MIIT's volume production approval for steer-by-wire technology', the NIO ET9 became the first vehicle model in China to receive official mass-production approval for a fully decoupled steer-by-wire system, signaling the technology's readiness for widespread commercial deployment.

Simultaneously, the implementation of cybersecurity measures in steering control units has emerged as a critical trend as systems become increasingly software-defined and interconnected. As Electronic Control Units (ECUs) integrate with external networks to support Over-the-Air updates and autonomous functions, the attack surface for potential remote exploitation expands, necessitating robust encryption and intrusion detection protocols. The risk of unauthorized vehicle manipulation is growing significantly as hackers target these digital entry points. According to Upstream Security, February 2025, in the '2025 Global Automotive Cybersecurity Report', incidents involving the direct manipulation of vehicle control systems—which encompass safety-critical steering functions—accounted for over 35% of all reported automotive cyber incidents in 2024.

Segmental Insights

The Rigid segment is currently emerging as the fastest-growing category within the Global Electric Power Steering Market. This accelerated growth is principally driven by the global automotive industry's shift toward electrification and the necessity for enhanced fuel efficiency to comply with stringent environmental protocols established by regulatory bodies such as the European Commission. Manufacturers are increasingly prioritizing this segment due to its superior durability and capability to handle the higher front-axle loads common in modern electric vehicle architectures. Additionally, the integration of advanced driver-assistance features requires the robust electronic control capabilities inherent to this technology, further propelling its rapid market expansion.

Regional Insights

Asia Pacific maintains a dominant position in the Global Electric Power Steering Market due to extensive automotive manufacturing in China, Japan, and India. This leadership is primarily supported by stringent emission mandates enforced by authorities such as China’s Ministry of Ecology and Environment and the implementation of Bharat Stage VI standards in India. These regulations necessitate the adoption of lightweight and energy-efficient components, prompting manufacturers to replace traditional hydraulic systems with electric power steering. Consequently, the region experiences sustained demand for these systems within its expanding passenger vehicle sector.

Recent Developments

  • In February 2025, ZF Friedrichshafen AG commenced the series production of its advanced steer-by-wire technology, supplying the system for the ET9 flagship model from the Chinese electric vehicle manufacturer NIO. This milestone marked a significant shift in the Global Electric Power Steering Market, as the system operated without any mechanical connection between the steering wheel and the road wheels. The technology utilized a steering wheel actuator and a redundant steering gear actuator to transmit commands electronically. This launch demonstrated the successful commercial application of software-defined chassis solutions, offering enhanced driving dynamics and enabling new interior design possibilities for next-generation electric vehicles.
  • In October 2024, Schaeffler showcased its latest advancements in chassis mechatronics at the AAPEX event, featuring a Force Feedback Actuator designed for steer-by-wire applications. This innovative component was engineered to eliminate the physical steering column while providing drivers with real-time tactile feedback from the road, thereby ensuring a natural driving experience. The technology supported the development of advanced safety and control systems by adapting to different driving styles and preferences. By presenting this solution, the company underscored its commitment to the transition toward software-defined vehicles and the integration of intelligent steering components that enhance vehicle performance and user comfort.
  • In August 2024, Nexteer Automotive announced the launch of its Modular Pinion-Assist Electric Power Steering (mPEPS) system, significantly expanding its portfolio of cost-effective and scalable steering solutions. This new system was designed to include both single-pinion and dual-pinion configurations, allowing original equipment manufacturers to benefit from reduced development cycles and increased component reuse across various vehicle platforms. The mPEPS technology leveraged the company's existing building blocks to deliver advanced safety and performance features, such as low noise and vibration levels. This development addressed the growing global demand for flexible steering architectures suitable for electric, internal combustion, and mixed propulsion vehicles.
  • In August 2024, JTEKT India Limited disclosed in its annual report that the company was developing a new generation of Column-Assist Electric Power Steering (CEPS) systems. The subsidiary of the Japanese corporation reported that prototype sample development was well underway, with concurrent discussions taking place with customers for vehicle demonstrations. This initiative aimed to enhance the company's product offerings in the competitive steering market by introducing advanced technology capable of meeting evolving automotive standards. The development highlighted the organization's focus on innovation to secure future business opportunities and cater to the specific requirements of the Indian and global automotive sectors.

Key Market Players

  • Robert Bosch GmbH
  • JTEKT Corporation
  • Nexteer Automotive Group Ltd
  • ZF Friedrichshafen AG
  • NSK Ltd
  • Hyundai Mobis Co Ltd
  • Mando Corporation
  • Thyssenkrupp AG
  • Denso Corporation
  • Hitachi Astemo Ltd

By Type

By Vehicle Type

By Mechanism

By Region

  • C-EPS
  • P-EPS and R-EPS
  • Passenger Cars
  • Light Commercial Vehicles
  • Medium & Heavy Commercial Vehicles
  • Off-the-Road Vehicles
  • Collapsible
  • Rigid
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

Report Scope:

In this report, the Global Electric Power Steering Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Electric Power Steering Market, By Type:
  • C-EPS
  • P-EPS and R-EPS
  • Electric Power Steering Market, By Vehicle Type:
  • Passenger Cars
  • Light Commercial Vehicles
  • Medium & Heavy Commercial Vehicles
  • Off-the-Road Vehicles
  • Electric Power Steering Market, By Mechanism:
  • Collapsible
  • Rigid
  • Electric Power Steering Market, By Region:
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • France
    • United Kingdom
    • Italy
    • Germany
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
  • South America
    • Brazil
    • Argentina
    • Colombia
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Electric Power Steering Market.

Available Customizations:

Global Electric Power Steering Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Electric Power Steering Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.  Markets Covered

1.2.2.  Years Considered for Study

1.2.3.  Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Electric Power Steering Market Outlook

5.1.  Market Size & Forecast

5.1.1.  By Value

5.2.  Market Share & Forecast

5.2.1.  By Type (C-EPS, P-EPS and R-EPS)

5.2.2.  By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles, Off-the-Road Vehicles)

5.2.3.  By Mechanism (Collapsible, Rigid)

5.2.4.  By Region

5.2.5.  By Company (2025)

5.3.  Market Map

6.    North America Electric Power Steering Market Outlook

6.1.  Market Size & Forecast

6.1.1.  By Value

6.2.  Market Share & Forecast

6.2.1.  By Type

6.2.2.  By Vehicle Type

6.2.3.  By Mechanism

6.2.4.  By Country

6.3.    North America: Country Analysis

6.3.1.    United States Electric Power Steering Market Outlook

6.3.1.1.  Market Size & Forecast

6.3.1.1.1.  By Value

6.3.1.2.  Market Share & Forecast

6.3.1.2.1.  By Type

6.3.1.2.2.  By Vehicle Type

6.3.1.2.3.  By Mechanism

6.3.2.    Canada Electric Power Steering Market Outlook

6.3.2.1.  Market Size & Forecast

6.3.2.1.1.  By Value

6.3.2.2.  Market Share & Forecast

6.3.2.2.1.  By Type

6.3.2.2.2.  By Vehicle Type

6.3.2.2.3.  By Mechanism

6.3.3.    Mexico Electric Power Steering Market Outlook

6.3.3.1.  Market Size & Forecast

6.3.3.1.1.  By Value

6.3.3.2.  Market Share & Forecast

6.3.3.2.1.  By Type

6.3.3.2.2.  By Vehicle Type

6.3.3.2.3.  By Mechanism

7.    Europe Electric Power Steering Market Outlook

7.1.  Market Size & Forecast

7.1.1.  By Value

7.2.  Market Share & Forecast

7.2.1.  By Type

7.2.2.  By Vehicle Type

7.2.3.  By Mechanism

7.2.4.  By Country

7.3.    Europe: Country Analysis

7.3.1.    Germany Electric Power Steering Market Outlook

7.3.1.1.  Market Size & Forecast

7.3.1.1.1.  By Value

7.3.1.2.  Market Share & Forecast

7.3.1.2.1.  By Type

7.3.1.2.2.  By Vehicle Type

7.3.1.2.3.  By Mechanism

7.3.2.    France Electric Power Steering Market Outlook

7.3.2.1.  Market Size & Forecast

7.3.2.1.1.  By Value

7.3.2.2.  Market Share & Forecast

7.3.2.2.1.  By Type

7.3.2.2.2.  By Vehicle Type

7.3.2.2.3.  By Mechanism

7.3.3.    United Kingdom Electric Power Steering Market Outlook

7.3.3.1.  Market Size & Forecast

7.3.3.1.1.  By Value

7.3.3.2.  Market Share & Forecast

7.3.3.2.1.  By Type

7.3.3.2.2.  By Vehicle Type

7.3.3.2.3.  By Mechanism

7.3.4.    Italy Electric Power Steering Market Outlook

7.3.4.1.  Market Size & Forecast

7.3.4.1.1.  By Value

7.3.4.2.  Market Share & Forecast

7.3.4.2.1.  By Type

7.3.4.2.2.  By Vehicle Type

7.3.4.2.3.  By Mechanism

7.3.5.    Spain Electric Power Steering Market Outlook

7.3.5.1.  Market Size & Forecast

7.3.5.1.1.  By Value

7.3.5.2.  Market Share & Forecast

7.3.5.2.1.  By Type

7.3.5.2.2.  By Vehicle Type

7.3.5.2.3.  By Mechanism

8.    Asia Pacific Electric Power Steering Market Outlook

8.1.  Market Size & Forecast

8.1.1.  By Value

8.2.  Market Share & Forecast

8.2.1.  By Type

8.2.2.  By Vehicle Type

8.2.3.  By Mechanism

8.2.4.  By Country

8.3.    Asia Pacific: Country Analysis

8.3.1.    China Electric Power Steering Market Outlook

8.3.1.1.  Market Size & Forecast

8.3.1.1.1.  By Value

8.3.1.2.  Market Share & Forecast

8.3.1.2.1.  By Type

8.3.1.2.2.  By Vehicle Type

8.3.1.2.3.  By Mechanism

8.3.2.    India Electric Power Steering Market Outlook

8.3.2.1.  Market Size & Forecast

8.3.2.1.1.  By Value

8.3.2.2.  Market Share & Forecast

8.3.2.2.1.  By Type

8.3.2.2.2.  By Vehicle Type

8.3.2.2.3.  By Mechanism

8.3.3.    Japan Electric Power Steering Market Outlook

8.3.3.1.  Market Size & Forecast

8.3.3.1.1.  By Value

8.3.3.2.  Market Share & Forecast

8.3.3.2.1.  By Type

8.3.3.2.2.  By Vehicle Type

8.3.3.2.3.  By Mechanism

8.3.4.    South Korea Electric Power Steering Market Outlook

8.3.4.1.  Market Size & Forecast

8.3.4.1.1.  By Value

8.3.4.2.  Market Share & Forecast

8.3.4.2.1.  By Type

8.3.4.2.2.  By Vehicle Type

8.3.4.2.3.  By Mechanism

8.3.5.    Australia Electric Power Steering Market Outlook

8.3.5.1.  Market Size & Forecast

8.3.5.1.1.  By Value

8.3.5.2.  Market Share & Forecast

8.3.5.2.1.  By Type

8.3.5.2.2.  By Vehicle Type

8.3.5.2.3.  By Mechanism

9.    Middle East & Africa Electric Power Steering Market Outlook

9.1.  Market Size & Forecast

9.1.1.  By Value

9.2.  Market Share & Forecast

9.2.1.  By Type

9.2.2.  By Vehicle Type

9.2.3.  By Mechanism

9.2.4.  By Country

9.3.    Middle East & Africa: Country Analysis

9.3.1.    Saudi Arabia Electric Power Steering Market Outlook

9.3.1.1.  Market Size & Forecast

9.3.1.1.1.  By Value

9.3.1.2.  Market Share & Forecast

9.3.1.2.1.  By Type

9.3.1.2.2.  By Vehicle Type

9.3.1.2.3.  By Mechanism

9.3.2.    UAE Electric Power Steering Market Outlook

9.3.2.1.  Market Size & Forecast

9.3.2.1.1.  By Value

9.3.2.2.  Market Share & Forecast

9.3.2.2.1.  By Type

9.3.2.2.2.  By Vehicle Type

9.3.2.2.3.  By Mechanism

9.3.3.    South Africa Electric Power Steering Market Outlook

9.3.3.1.  Market Size & Forecast

9.3.3.1.1.  By Value

9.3.3.2.  Market Share & Forecast

9.3.3.2.1.  By Type

9.3.3.2.2.  By Vehicle Type

9.3.3.2.3.  By Mechanism

10.    South America Electric Power Steering Market Outlook

10.1.  Market Size & Forecast

10.1.1.  By Value

10.2.  Market Share & Forecast

10.2.1.  By Type

10.2.2.  By Vehicle Type

10.2.3.  By Mechanism

10.2.4.  By Country

10.3.    South America: Country Analysis

10.3.1.    Brazil Electric Power Steering Market Outlook

10.3.1.1.  Market Size & Forecast

10.3.1.1.1.  By Value

10.3.1.2.  Market Share & Forecast

10.3.1.2.1.  By Type

10.3.1.2.2.  By Vehicle Type

10.3.1.2.3.  By Mechanism

10.3.2.    Colombia Electric Power Steering Market Outlook

10.3.2.1.  Market Size & Forecast

10.3.2.1.1.  By Value

10.3.2.2.  Market Share & Forecast

10.3.2.2.1.  By Type

10.3.2.2.2.  By Vehicle Type

10.3.2.2.3.  By Mechanism

10.3.3.    Argentina Electric Power Steering Market Outlook

10.3.3.1.  Market Size & Forecast

10.3.3.1.1.  By Value

10.3.3.2.  Market Share & Forecast

10.3.3.2.1.  By Type

10.3.3.2.2.  By Vehicle Type

10.3.3.2.3.  By Mechanism

11.    Market Dynamics

11.1.  Drivers

11.2.  Challenges

12.    Market Trends & Developments

12.1.  Merger & Acquisition (If Any)

12.2.  Product Launches (If Any)

12.3.  Recent Developments

13.    Global Electric Power Steering Market: SWOT Analysis

14.    Porter's Five Forces Analysis

14.1.  Competition in the Industry

14.2.  Potential of New Entrants

14.3.  Power of Suppliers

14.4.  Power of Customers

14.5.  Threat of Substitute Products

15.    Competitive Landscape

15.1.  Robert Bosch GmbH

15.1.1.  Business Overview

15.1.2.  Products & Services

15.1.3.  Recent Developments

15.1.4.  Key Personnel

15.1.5.  SWOT Analysis

15.2.  JTEKT Corporation

15.3.  Nexteer Automotive Group Ltd

15.4.  ZF Friedrichshafen AG

15.5.  NSK Ltd

15.6.  Hyundai Mobis Co Ltd

15.7.  Mando Corporation

15.8.  Thyssenkrupp AG

15.9.  Denso Corporation

15.10.  Hitachi Astemo Ltd

16.    Strategic Recommendations

17.    About Us & Disclaimer

Figures and Tables

List of Figure:

Figure 1:       Global Electric Power Steering Market Size, By Volume (Thousand Units), 2017-2027F

Figure 2:      Global Electric Power Steering Market Size, By Value (USD Billion), 2017-2027F

Figure 3:      Global Electric Power Steering Market Share, By Type, By Volume, 2017-2027F

Figure 4:      Global Electric Power Steering Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 5:      Global Electric Power Steering Market Share, By Mechanism, By Volume, 2017-2027F

Figure 6:      Global Electric Power Steering Market Share, By Region, By Volume, 2017-2027F

Figure 7:      Global Electric Power Steering Market Share, By Company, By Volume, 2021

Figure 8:      Global Electric Power Steering Market Map, By Vehicle Type, Market Size (Thousand Units) & Growth Rate (%)

Figure 9:      Global Electric Power Steering Market Map, By Region, Market Size (Thousand Units) & Growth Rate (%)

Figure 10:    Asia-Pacific Electric Power Steering Market Size, By Volume (Thousand Units), 2017-2027F

Figure 11:    Asia-Pacific Electric Power Steering Market Size, By Value (USD Billion), 2017-2027F

Figure 12:    Asia-Pacific Electric Power Steering Market Share, By Type, By Volume, 2017-2027F

Figure 13:    Asia-Pacific Electric Power Steering Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 14:    Asia-Pacific Electric Power Steering Market Share, By Mechanism, By Volume, 2017-2027F

Figure 15:    Asia-Pacific Electric Power Steering Market Share, By Country, By Volume, 2017-2027F

Figure 16:    Asia-Pacific Electric Power Steering Market Map, By Vehicle Type, Market Size (Thousand Units) & Growth Rate (%)

Figure 17:    Asia-Pacific Electric Power Steering Market Map, By Country, Market Size (Thousand Units) & Growth Rate (%)

Figure 18:    China Electric Power Steering Market Size, By Volume (Thousand Units), 2017-2027F

Figure 19:    China Electric Power Steering Market Size, By Value (USD Billion), 2017-2027F

Figure 20:    China Electric Power Steering Market Share, By Type, By Volume, 2017-2027F

Figure 21:    China Electric Power Steering Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 22:    China Electric Power Steering Market Share, By Mechanism, By Volume, 2017-2027F

Figure 23:    Japan Electric Power Steering Market Size, By Volume (Thousand Units), 2017-2027F

Figure 24:    Japan Electric Power Steering Market Size, By Value (USD Billion), 2017-2027F

Figure 25:    Japan Electric Power Steering Market Share, By Type, By Volume, 2017-2027F

Figure 26:    Japan Electric Power Steering Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 27:    Japan Electric Power Steering Market Share, By Mechanism, By Volume, 2017-2027F

Figure 28:    India Electric Power Steering Market Size, By Volume (Thousand Units), 2017-2027F

Figure 29:    India Electric Power Steering Market Size, By Value (USD Billion), 2017-2027F

Figure 30:    India Electric Power Steering Market Share, By Type, By Volume, 2017-2027F

Figure 31:    India Electric Power Steering Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 32:    India Electric Power Steering Market Share, By Mechanism, By Volume, 2017-2027F

Figure 33:    Indonesia Electric Power Steering Market Size, By Volume (Thousand Units), 2017-2027F

Figure 34:    Indonesia Electric Power Steering Market Size, By Value (USD Billion), 2017-2027F

Figure 35:    Indonesia Electric Power Steering Market Share, By Type, By Volume, 2017-2027F

Figure 36:    Indonesia Electric Power Steering Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 37:    Indonesia Electric Power Steering Market Share, By Mechanism, By Volume, 2017-2027F

Figure 38:    Australia Electric Power Steering Market Size, By Volume (Thousand Units), 2017-2027F

Figure 39:    Australia Electric Power Steering Market Size, By Value (USD Billion), 2017-2027F

Figure 40:    Australia Electric Power Steering Market Share, By Type, By Volume, 2017-2027F

Figure 41:    Australia Electric Power Steering Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 42:    Australia Electric Power Steering Market Share, By Mechanism, By Volume, 2017-2027F

Figure 43:    Europe Electric Power Steering Market Size, By Volume (Thousand Units), 2017-2027F

Figure 44:    Europe Electric Power Steering Market Size, By Value (USD Billion), 2017-2027F

Figure 45:    Europe Electric Power Steering Market Share, By Type, By Volume, 2017-2027F

Figure 46:    Europe Electric Power Steering Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 47:    Europe Electric Power Steering Market Share, By Mechanism, By Volume, 2017-2027F

Figure 48:    Europe Electric Power Steering Market Share, By Country, By Volume, 2017-2027F

Figure 49:    Europe Electric Power Steering Market Map, By Vehicle Type, Market Size (Thousand Units) & Growth Rate (%)

Figure 50:    Europe Electric Power Steering Market Map, By Country, Market Size (Thousand Units) & Growth Rate (%)

Figure 51:    Germany Electric Power Steering Market Size, By Volume (Thousand Units), 2017-2027F

Figure 52:    Germany Electric Power Steering Market Size, By Value (USD Billion), 2017-2027F

Figure 53:    Germany Electric Power Steering Market Share, By Type, By Volume, 2017-2027F

Figure 54:    Germany Electric Power Steering Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 55:    Germany Electric Power Steering Market Share, By Mechanism, By Volume, 2017-2027F

Figure 56:    Spain Electric Power Steering Market Size, By Volume (Thousand Units), 2017-2027F

Figure 57:    Spain Electric Power Steering Market Size, By Value (USD Billion), 2017-2027F

Figure 58:    Spain Electric Power Steering Market Share, By Type, By Volume, 2017-2027F

Figure 59:    Spain Electric Power Steering Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 60:    Spain Electric Power Steering Market Share, By Mechanism, By Volume, 2017-2027F

Figure 61:    United Kingdom Electric Power Steering Market Size, By Volume (Thousand Units), 2017-2027F

Figure 62:    United Kingdom Electric Power Steering Market Size, By Value (USD Billion), 2017-2027F

Figure 63:    United Kingdom Electric Power Steering Market Share, By Type, By Volume, 2017-2027F

Figure 64:    United Kingdom Electric Power Steering Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 65:    United Kingdom Electric Power Steering Market Share, By Mechanism, By Volume, 2017-2027F

Figure 66:    Italy Electric Power Steering Market Size, By Volume (Thousand Units), 2017-2027F

Figure 67:    Italy Electric Power Steering Market Size, By Value (USD Billion), 2017-2027F

Figure 68:    Italy Electric Power Steering Market Share, By Type, By Volume, 2017-2027F

Figure 69:    Italy Electric Power Steering Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 70:    Italy Electric Power Steering Market Share, By Mechanism, By Volume, 2017-2027F

Figure 71:    North America Electric Power Steering Market Size, By Volume (Thousand Units), 2017-2027F

Figure 72:    North America Electric Power Steering Market Size, By Value (USD Billion), 2017-2027F

Figure 73:    North America Electric Power Steering Market Share, By Type, By Volume, 2017-2027F

Figure 74:    North America Electric Power Steering Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 75:    North America Electric Power Steering Market Share, By Mechanism, By Volume, 2017-2027F

Figure 76:    North America Electric Power Steering Market Share, By Region, By Volume, 2017-2027F

Figure 77:    North America Electric Power Steering Market Map, By Vehicle Type, Market Size (Thousand Units) & Growth Rate (%)

Figure 78:    North America Electric Power Steering Market Map, By Country, Market Size (Thousand Units) & Growth Rate (%)

Figure 79:    United States Electric Power Steering Market Size, By Volume (Thousand Units), 2017-2027F

Figure 80:    United States Electric Power Steering Market Size, By Value (USD Billion), 2017-2027F

Figure 81:    United States Electric Power Steering Market Share, By Type, By Volume, 2017-2027F

Figure 82:    United States Electric Power Steering Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 83:    United States Electric Power Steering Market Share, By Mechanism, By Volume, 2017-2027F

Figure 84:    Mexico Electric Power Steering Market Size, By Volume (Thousand Units), 2017-2027F

Figure 85:    Mexico Electric Power Steering Market Size, By Value (USD Billion), 2017-2027F

Figure 86:    Mexico Electric Power Steering Market Share, By Type, By Volume, 2017-2027F

Figure 87:    Mexico Electric Power Steering Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 88:    Mexico Electric Power Steering Market Share, By Mechanism, By Volume, 2017-2027F

Figure 89:    Canada Electric Power Steering Market Size, By Volume (Thousand Units), 2017-2027F

Figure 90:    Canada Electric Power Steering Market Size, By Value (USD Billion), 2017-2027F

Figure 91:    Canada Electric Power Steering Market Share, By Type, By Volume, 2017-2027F

Figure 92:    Canada Electric Power Steering Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 93:    Canada Electric Power Steering Market Share, By Mechanism, By Volume, 2017-2027F

Figure 94:    South America Electric Power Steering Market Size, By Volume (Thousand Units), 2017-2027F

Figure 95:    South America Electric Power Steering Market Size, By Value (USD Billion), 2017-2027F

Figure 96:    South America Electric Power Steering Market Share, By Type, By Volume, 2017-2027F

Figure 97:    South America Electric Power Steering Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 98:    South America Electric Power Steering Market Share, By Mechanism, By Volume, 2017-2027F

Figure 99:    South America Electric Power Steering Market Share, By Region, By Volume, 2017-2027F

Figure 100:  South America Electric Power Steering Market Map, By Vehicle Type, Market Size (Thousand Units) & Growth Rate (%)

Figure 101:  South America Electric Power Steering Market Map, By Country, Market Size (Thousand Units) & Growth Rate (%)

Figure 102:  Brazil Electric Power Steering Market Size, By Volume (Thousand Units), 2017-2027F

Figure 103:  Brazil Electric Power Steering Market Size, By Value (USD Billion), 2017-2027F

Figure 104:  Brazil Electric Power Steering Market Share, By Type, By Volume, 2017-2027F

Figure 105:  Brazil Electric Power Steering Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 106:  Brazil Electric Power Steering Market Share, By Mechanism, By Volume, 2017-2027F

Figure 107:  Argentina Electric Power Steering Market Size, By Volume (Thousand Units), 2017-2027F

Figure 108:  Argentina Electric Power Steering Market Size, By Value (USD Billion), 2017-2027F

Figure 109:  Argentina Electric Power Steering Market Share, By Type, By Volume, 2017-2027F

Figure 110:  Argentina Electric Power Steering Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 111:  Argentina Electric Power Steering Market Share, By Mechanism, By Volume, 2017-2027F

Figure 112:  Colombia Electric Power Steering Market Size, By Volume (Thousand Units), 2017-2027F

Figure 113:  Colombia Electric Power Steering Market Size, By Value (USD Billion), 2017-2027F

Figure 114:  Colombia Electric Power Steering Market Share, By Type, By Volume, 2017-2027F

Figure 115:  Colombia Electric Power Steering Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 116:  Colombia Electric Power Steering Market Share, By Mechanism, By Volume, 2017-2027F

Figure 117:  Chile Electric Power Steering Market Size, By Volume (Thousand Units), 2017-2027F

Figure 118:  Chile Electric Power Steering Market Size, By Value (USD Billion), 2017-2027F

Figure 119:  Chile Electric Power Steering Market Share, By Type, By Volume, 2017-2027F

Figure 120:  Chile Electric Power Steering Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 121:  Chile Electric Power Steering Market Share, By Mechanism, By Volume, 2017-2027F

Figure 122:  Middle East and Africa Electric Power Steering Market Size, By Volume (Thousand Units), 2017-2027F

Figure 123:  Middle East and Africa Electric Power Steering Market Size, By Value (USD Billion), 2017-2027F

Figure 124:  Middle East and Africa Electric Power Steering Market Share, By Type, By Volume, 2017-2027F

Figure 125:  Middle East and Africa Electric Power Steering Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 126:  Middle East and Africa Electric Power Steering Market Share, By Mechanism, By Volume, 2017-2027F

Figure 127:  Middle East and Africa Electric Power Steering Market Share, By Region, By Volume, 2017-2027F

Figure 128:  Middle East and Africa Electric Power Steering Market Map, By Vehicle Type, Market Size (Thousand Units) & Growth Rate (%)

Figure 129:  Middle East and Africa Electric Power Steering Market Map, By Country, Market Size (Thousand Units) & Growth Rate (%)

Figure 130:  Iran Electric Power Steering Market Size, By Volume (Thousand Units), 2017-2027F

Figure 131:  Iran Electric Power Steering Market Size, By Value (USD Billion), 2017-2027F

Figure 132:  Iran Electric Power Steering Market Share, By Type, By Volume, 2017-2027F

Figure 133:  Iran Electric Power Steering Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 134:  Iran Electric Power Steering Market Share, By Mechanism, By Volume, 2017-2027F

Figure 135:  South Africa Electric Power Steering Market Size, By Volume (Thousand Units), 2017-2027F

Figure 136:  South Africa Electric Power Steering Market Size, By Value (USD Billion), 2017-2027F

Figure 137:  South Africa Electric Power Steering Market Share, By Type, By Volume, 2017-2027F

Figure 138:  South Africa Electric Power Steering Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 139:  South Africa Electric Power Steering Market Share, By Mechanism, By Volume, 2017-2027F

Figure 140:  Saudi Arabia Electric Power Steering Market Size, By Volume (Thousand Units), 2017-2027F

Figure 141:  Saudi Arabia Electric Power Steering Market Size, By Value (USD Billion), 2017-2027F

Figure 142:  Saudi Arabia Electric Power Steering Market Share, By Type, By Volume, 2017-2027F

Figure 143:  Saudi Arabia Electric Power Steering Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 144:  Saudi Arabia Electric Power Steering Market Share, By Mechanism, By Volume, 2017-2027F

Figure 145:  UAE Electric Power Steering Market Size, By Volume (Thousand Units), 2017-2027F

Figure 146:  UAE Electric Power Steering Market Size, By Value (USD Billion), 2017-2027F

Figure 147:  UAE Electric Power Steering Market Share, By Type, By Volume, 2017-2027F

Figure 148:  UAE Electric Power Steering Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 149:  UAE Electric Power Steering Market Share, By Mechanism, By Volume, 2017-2027F

Frequently asked questions

Frequently asked questions

The market size of the Global Electric Power Steering Market was estimated to be USD 24.86 Billion in 2025.

Asia Pacific is the dominating region in the Global Electric Power Steering Market.

Rigid segment is the fastest growing segment in the Global Electric Power Steering Market.

The Global Electric Power Steering Market is expected to grow at 6.21% between 2026 to 2031.

Related Reports

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