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Industry Research
Power Steering System for Passenger Vehicle Industry Research Report 2026
Market perspective
The global Power Steering System for Passenger Vehicle market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
North America: the Power Steering System for Passenger Vehicle market is projected to increase from US$ million in 2026 to US$ million by 2032, reflecting a CAGR of % over 2026–2032. Europe: the Power Steering System for Passenger Vehicle market is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032. Asia Pacific: the Power Steering System for Passenger Vehicle market is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032. Leading global service providers of Power Steering System for Passenger Vehicle include JTEKT, CAAS, ZF, Thyssenkrupp, NSK, Nexteer, Zhejiang Shibao, YUBEI Steering System and Hubei Henglong Automotive System Group, among others; in 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
Read the full market overview
This report quantifies the global Power Steering System for Passenger Vehicle market in terms of revenue (US$ million) and, where applicable, service volume (K Units), using 2024 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of service Types and end-use Applications, harmonizes provider attribution, and delivers comparable time series by company, Type, Application, and region or country, including indicative price bands (US$/K Units) and concentration ratios (CR5/CR10). Outputs are intended to support service design, budgeting, capacity planning, and benchmarking for providers, platforms, channel partners, and investors; the report also reviews technology shifts and notable service innovations relevant to Power Steering System for Passenger Vehicle.
Key Companies & Market Share Insights
This section profiles leading service providers with 2021–2025 results and a 2026–2032 outlook—covering revenue, market share, price bands, service portfolio and client mix, regional and channel mix, and key developments (M&A, network expansion, certifications). It also provides global revenue, average price, and—where applicable—volume metrics by provider, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Power Steering System for Passenger Vehicle Market by Company
JTEKT
CAAS
ZF
Thyssenkrupp
NSK
Nexteer
Zhejiang Shibao
YUBEI Steering System
Hubei Henglong Automotive System Group
Mobis
Mando
Hitachi Astemo (Showa )
Bosch
Power Steering System for Passenger Vehicle Segment by Type
Hydraulic Power Steering (HPS)
Electronic Hydraulic Power Steering (EHPS)
Electric Power Steering (EPS)
Power Steering System for Passenger Vehicle Segment by Application
New Energy Passenger Vehicle
Fuel Passenger Vehicle
Power Steering System for Passenger Vehicle Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Russia
Netherlands
Nordic Countries
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Saudi Arabia
Israel
United Arab Emirates
Turkey
Iran
Egypt
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Power Steering System for Passenger Vehicle market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Power Steering System for Passenger Vehicle and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Power Steering System for Passenger Vehicle.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of Power Steering System for Passenger Vehicle companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, South America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Hydraulic Power Steering (HPS)
- Electronic Hydraulic Power Steering (EHPS)
- Electric Power Steering (EPS)
Applications
- New Energy Passenger Vehicle
- Fuel Passenger Vehicle
Companies covered
- JTEKT
- CAAS
- ZF
- Thyssenkrupp
- NSK
- Nexteer
- Zhejiang Shibao
- YUBEI Steering System
- Hubei Henglong Automotive System Group
- Mobis
- Mando
- Hitachi Astemo (Showa )
- Bosch
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Power Steering System for Passenger Vehicle by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032)
- 2.2.2 Hydraulic Power Steering (HPS)
- 2.2.3 Electronic Hydraulic Power Steering (EHPS)
- 2.2.4 Electric Power Steering (EPS)
- 2.3 Power Steering System for Passenger Vehicle by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032)
- 2.3.2 New Energy Passenger Vehicle
- 2.3.3 Fuel Passenger Vehicle
- 2.4 Assumptions and Limitations
3 Power Steering System for Passenger Vehicle Breakdown Data by Type
- 3.1 Global Power Steering System for Passenger Vehicle Historic Market Size by Type (2021-2026)
- 3.2 Global Power Steering System for Passenger Vehicle Forecasted Market Size by Type (2027-2032)
4 Power Steering System for Passenger Vehicle Breakdown Data by Application
- 4.1 Global Power Steering System for Passenger Vehicle Historic Market Size by Application (2021-2026)
- 4.2 Global Power Steering System for Passenger Vehicle Forecasted Market Size by Application (2027-2032)
5 Global Growth Trends
- 5.1 Global Power Steering System for Passenger Vehicle Market Perspective (2021-2032)
- 5.2 Global Power Steering System for Passenger Vehicle Growth Trends by Region
- 5.2.1 Global Power Steering System for Passenger Vehicle Market Size by Region: 2021 VS 2025 VS 2032
- 5.2.2 Power Steering System for Passenger Vehicle Historic Market Size by Region (2021-2026)
- 5.2.3 Power Steering System for Passenger Vehicle Forecasted Market Size by Region (2027-2032)
- 5.3 Power Steering System for Passenger Vehicle Market Dynamics
- 5.3.1 Power Steering System for Passenger Vehicle Industry Trends
- 5.3.2 Power Steering System for Passenger Vehicle Market Drivers
- 5.3.3 Power Steering System for Passenger Vehicle Market Challenges
- 5.3.4 Power Steering System for Passenger Vehicle Market Restraints
6 Market Competitive Landscape by Players
- 6.1 Global Top Power Steering System for Passenger Vehicle Players by Revenue
- 6.1.1 Global Top Power Steering System for Passenger Vehicle Players by Revenue (2021-2026)
- 6.1.2 Global Power Steering System for Passenger Vehicle Revenue Market Share by Players (2021-2026)
- 6.2 Global Power Steering System for Passenger Vehicle Industry Players Ranking, 2023 VS 2024 VS 2025
- 6.3 Global Key Players of Power Steering System for Passenger Vehicle Head Office and Area Served
- 6.4 Global Power Steering System for Passenger Vehicle Players, Product Type & Application
- 6.5 Global Power Steering System for Passenger Vehicle Manufacturers Established Date
- 6.6 Global Power Steering System for Passenger Vehicle Market CR5 and HHI
- 6.7 Global Players Mergers & Acquisition
7 North America
- 7.1 North America Power Steering System for Passenger Vehicle Market Size (2021-2032)
- 7.2 North America Power Steering System for Passenger Vehicle Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 7.3 North America Power Steering System for Passenger Vehicle Market Size by Country (2021-2026)
- 7.4 North America Power Steering System for Passenger Vehicle Market Size by Country (2027-2032)
- 7.5 United States
- 7.5 United States
- 7.6 Canada
- 7.7 Mexico
8 Europe
- 8.1 Europe Power Steering System for Passenger Vehicle Market Size (2021-2032)
- 8.2 Europe Power Steering System for Passenger Vehicle Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3 Europe Power Steering System for Passenger Vehicle Market Size by Country (2021-2026)
- 8.4 Europe Power Steering System for Passenger Vehicle Market Size by Country (2027-2032)
- 8.5 Germany
- 8.6 France
- 8.7 U.K.
- 8.8 Italy
- 8.9 Spain
- 8.10 Russia
- 8.11 Netherlands
- 8.12 Nordic Countries
9 Asia-Pacific
- 9.1 Asia-Pacific Power Steering System for Passenger Vehicle Market Size (2021-2032)
- 9.2 Asia-Pacific Power Steering System for Passenger Vehicle Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 9.3 Asia-Pacific Power Steering System for Passenger Vehicle Market Size by Country (2021-2026)
- 9.4 Asia-Pacific Power Steering System for Passenger Vehicle Market Size by Country (2027-2032)
- 9.5 China
- 9.6 Japan
- 9.7 South Korea
- 9.8 India
- 9.9 Australia
- 9.10 China Taiwan
- 9.11 Southeast Asia
10 South America
- 10.1 South America Power Steering System for Passenger Vehicle Market Size (2021-2032)
- 10.2 South America Power Steering System for Passenger Vehicle Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 10.3 South America Power Steering System for Passenger Vehicle Market Size by Country (2021-2026)
- 10.4 South America Power Steering System for Passenger Vehicle Market Size by Country (2027-2032)
- 10.5 Brazil
- 10.6 Argentina
- 10.7 Chile
- 10.8 Colombia
- 10.9 Peru
11 Middle East & Africa
- 11.1 Middle East & Africa Power Steering System for Passenger Vehicle Market Size (2021-2032)
- 11.2 Middle East & Africa Power Steering System for Passenger Vehicle Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 11.3 Middle East & Africa Power Steering System for Passenger Vehicle Market Size by Country (2021-2026)
- 11.4 Middle East & Africa Power Steering System for Passenger Vehicle Market Size by Country (2027-2032)
- 11.5 Saudi Arabia
- 11.6 Israel
- 11.7 United Arab Emirates
- 11.8 Turkey
- 11.9 Iran
- 11.10 Egypt
12 Players Profiled
- 12.1 JTEKT
- 12.1.1 JTEKT Company Information
- 12.1.2 JTEKT Business Overview
- 12.1.3 JTEKT Revenue in Power Steering System for Passenger Vehicle Business (2021-2026)
- 12.1.4 JTEKT Power Steering System for Passenger Vehicle Product Portfolio
- 12.1.5 JTEKT Recent Developments
- 12.2 CAAS
- 12.2.1 CAAS Company Information
- 12.2.2 CAAS Business Overview
- 12.2.3 CAAS Revenue in Power Steering System for Passenger Vehicle Business (2021-2026)
- 12.2.4 CAAS Power Steering System for Passenger Vehicle Product Portfolio
- 12.2.5 CAAS Recent Developments
- 12.3 ZF
- 12.3.1 ZF Company Information
- 12.3.2 ZF Business Overview
- 12.3.3 ZF Revenue in Power Steering System for Passenger Vehicle Business (2021-2026)
- 12.3.4 ZF Power Steering System for Passenger Vehicle Product Portfolio
- 12.3.5 ZF Recent Developments
- 12.4 Thyssenkrupp
- 12.4.1 Thyssenkrupp Company Information
- 12.4.2 Thyssenkrupp Business Overview
- 12.4.3 Thyssenkrupp Revenue in Power Steering System for Passenger Vehicle Business (2021-2026)
- 12.4.4 Thyssenkrupp Power Steering System for Passenger Vehicle Product Portfolio
- 12.4.5 Thyssenkrupp Recent Developments
- 12.5 NSK
- 12.5.1 NSK Company Information
- 12.5.2 NSK Business Overview
- 12.5.3 NSK Revenue in Power Steering System for Passenger Vehicle Business (2021-2026)
- 12.5.4 NSK Power Steering System for Passenger Vehicle Product Portfolio
- 12.5.5 NSK Recent Developments
- 12.6 Nexteer
- 12.6.1 Nexteer Company Information
- 12.6.2 Nexteer Business Overview
- 12.6.3 Nexteer Revenue in Power Steering System for Passenger Vehicle Business (2021-2026)
- 12.6.4 Nexteer Power Steering System for Passenger Vehicle Product Portfolio
- 12.6.5 Nexteer Recent Developments
- 12.7 Zhejiang Shibao
- 12.7.1 Zhejiang Shibao Company Information
- 12.7.2 Zhejiang Shibao Business Overview
- 12.7.3 Zhejiang Shibao Revenue in Power Steering System for Passenger Vehicle Business (2021-2026)
- 12.7.4 Zhejiang Shibao Power Steering System for Passenger Vehicle Product Portfolio
- 12.7.5 Zhejiang Shibao Recent Developments
- 12.8 YUBEI Steering System
- 12.8.1 YUBEI Steering System Company Information
- 12.8.2 YUBEI Steering System Business Overview
- 12.8.3 YUBEI Steering System Revenue in Power Steering System for Passenger Vehicle Business (2021-2026)
- 12.8.4 YUBEI Steering System Power Steering System for Passenger Vehicle Product Portfolio
- 12.8.5 YUBEI Steering System Recent Developments
- 12.9 Hubei Henglong Automotive System Group
- 12.9.1 Hubei Henglong Automotive System Group Company Information
- 12.9.2 Hubei Henglong Automotive System Group Business Overview
- 12.9.3 Hubei Henglong Automotive System Group Revenue in Power Steering System for Passenger Vehicle Business (2021-2026)
- 12.9.4 Hubei Henglong Automotive System Group Power Steering System for Passenger Vehicle Product Portfolio
- 12.9.5 Hubei Henglong Automotive System Group Recent Developments
- 12.10 Mobis
- 12.10.1 Mobis Company Information
- 12.10.2 Mobis Business Overview
- 12.10.3 Mobis Revenue in Power Steering System for Passenger Vehicle Business (2021-2026)
- 12.10.4 Mobis Power Steering System for Passenger Vehicle Product Portfolio
- 12.10.5 Mobis Recent Developments
- 12.11 Mando
- 12.11.1 Mando Company Information
- 12.11.2 Mando Business Overview
- 12.11.3 Mando Revenue in Power Steering System for Passenger Vehicle Business (2021-2026)
- 12.11.4 Mando Power Steering System for Passenger Vehicle Product Portfolio
- 12.11.5 Mando Recent Developments
- 12.12 Hitachi Astemo (Showa )
- 12.12.1 Hitachi Astemo (Showa ) Company Information
- 12.12.2 Hitachi Astemo (Showa ) Business Overview
- 12.12.3 Hitachi Astemo (Showa ) Revenue in Power Steering System for Passenger Vehicle Business (2021-2026)
- 12.12.4 Hitachi Astemo (Showa ) Power Steering System for Passenger Vehicle Product Portfolio
- 12.12.5 Hitachi Astemo (Showa ) Recent Developments
- 12.13 Bosch
- 12.13.1 Bosch Company Information
- 12.13.2 Bosch Business Overview
- 12.13.3 Bosch Revenue in Power Steering System for Passenger Vehicle Business (2021-2026)
- 12.13.4 Bosch Power Steering System for Passenger Vehicle Product Portfolio
- 12.13.5 Bosch Recent Developments
13 Report Conclusion
14 Disclaimer
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