Selected research
Industry Growth & Trends
Global Electronic Power Steering Industry Growth and Trends Forecast to 2032
Market perspective
The global Electronic Power Steering market was valued at US$ million in 2026 and is projected to reach US$ million by 2032, implying a CAGR of xx% over 2026-2032.
The North America market for Electronic Power Steering is projected to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026-2032.
The Europe market for Electronic Power Steering is projected to increase from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026-2032.
Read the full market overview
The Asia Pacific market for Electronic Power Steering is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
Leading global manufacturers of Electronic Power Steering include JTEKT, Bosch, Nexteer, ZF, NSK, Hitachi Astemo (Showa), Hyundai Mobis, Thyssenkrupp and Mando, among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report provides a structured, data-driven view of the global Electronic Power Steering market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Electronic Power Steering market size, estimates, and forecasts are presented in terms of sales volume (k units) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Electronic Power Steering market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Electronic Power Steering.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global Electronic Power Steering market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
Electronic Power Steering Market by Company
JTEKT
Bosch
Nexteer
ZF
NSK
Hitachi Astemo (Showa)
Hyundai Mobis
Thyssenkrupp
Mando
CAAS
Zhuzhou Elite
Yubei
Zhejiang Shibao
Electronic Power Steering Segment by Type
Column Assist EPS
Single-Pinion Assist EPS
Dual-Pinion Assist EPS
Rack Assist EPS
Electronic Power Steering Segment by Application
Commercial Vehicles
Passenger Cars
Electronic Power Steering Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
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 Electronic Power Steering 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 Electronic Power Steering 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 Electronic Power Steering.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Electronic Power Steering manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Electronic Power Steering in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Column Assist EPS
- Single-Pinion Assist EPS
- Dual-Pinion Assist EPS
- Rack Assist EPS
Applications
- Commercial Vehicles
- Passenger Cars
Companies covered
- JTEKT
- Bosch
- Nexteer
- ZF
- NSK
- Hitachi Astemo (Showa)
- Hyundai Mobis
- Thyssenkrupp
- Mando
- CAAS
- Zhuzhou Elite
- Yubei
- Zhejiang Shibao
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Electronic Power Steering Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Electronic Power Steering Sales Estimates and Forecasts (2021-2032)
- 1.3 Electronic Power Steering Market by Type
- 1.3.1 Column Assist EPS
- 1.3.2 Single-Pinion Assist EPS
- 1.3.3 Dual-Pinion Assist EPS
- 1.3.4 Rack Assist EPS
- 1.4 Global Electronic Power Steering Market Size by Type
- 1.4.1 Global Electronic Power Steering Market Size Overview by Type (2021-2032)
- 1.4.2 Global Electronic Power Steering Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Electronic Power Steering Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Electronic Power Steering Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Electronic Power Steering Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Electronic Power Steering Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Electronic Power Steering Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Electronic Power Steering Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 Electronic Power Steering Industry Trends
- 2.2 Electronic Power Steering Industry Drivers
- 2.3 Electronic Power Steering Industry Opportunities and Challenges
- 2.4 Electronic Power Steering Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by Electronic Power Steering Revenue (2021-2026)
- 3.2 Global Top Players by Electronic Power Steering Sales (2021-2026)
- 3.3 Global Top Players by Electronic Power Steering Price (2021-2026)
- 3.4 Global Electronic Power Steering Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Electronic Power Steering Major Company Production Sites & Headquarters
- 3.6 Global Electronic Power Steering Company, Product Type & Application
- 3.7 Global Electronic Power Steering Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Electronic Power Steering Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Electronic Power Steering Players Market Share by Revenue in 2025
- 3.8.3 2025 Electronic Power Steering Tier 1, Tier 2, and Tier 3
4 Electronic Power Steering Regional Status and Outlook
- 4.1 Global Electronic Power Steering Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Electronic Power Steering Historic Market Size by Region
- 4.2.1 Global Electronic Power Steering Sales in Volume by Region (2021-2026)
- 4.2.2 Global Electronic Power Steering Sales in Value by Region (2021-2026)
- 4.2.3 Global Electronic Power Steering Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Electronic Power Steering Forecasted Market Size by Region
- 4.3.1 Global Electronic Power Steering Sales in Volume by Region (2027-2032)
- 4.3.2 Global Electronic Power Steering Sales in Value by Region (2027-2032)
- 4.3.3 Global Electronic Power Steering Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Electronic Power Steering by Application
- 5.1 Electronic Power Steering Market by Application
- 5.1.1 Commercial Vehicles
- 5.1.2 Passenger Cars
- 5.2 Global Electronic Power Steering Market Size by Application
- 5.2.1 Global Electronic Power Steering Market Size Overview by Application (2021-2032)
- 5.2.2 Global Electronic Power Steering Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Electronic Power Steering Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Electronic Power Steering Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Electronic Power Steering Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Electronic Power Steering Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Electronic Power Steering Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Electronic Power Steering Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 JTEKT
- 6.1.1 JTEKT Company Information
- 6.1.2 JTEKT Business Overview
- 6.1.3 JTEKT Electronic Power Steering Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 JTEKT Electronic Power Steering Product Portfolio
- 6.1.5 JTEKT Recent Developments
- 6.2 Bosch
- 6.2.1 Bosch Company Information
- 6.2.2 Bosch Business Overview
- 6.2.3 Bosch Electronic Power Steering Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 Bosch Electronic Power Steering Product Portfolio
- 6.2.5 Bosch Recent Developments
- 6.3 Nexteer
- 6.3.1 Nexteer Company Information
- 6.3.2 Nexteer Business Overview
- 6.3.3 Nexteer Electronic Power Steering Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 Nexteer Electronic Power Steering Product Portfolio
- 6.3.5 Nexteer Recent Developments
- 6.4 ZF
- 6.4.1 ZF Company Information
- 6.4.2 ZF Business Overview
- 6.4.3 ZF Electronic Power Steering Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 ZF Electronic Power Steering Product Portfolio
- 6.4.5 ZF Recent Developments
- 6.5 NSK
- 6.5.1 NSK Company Information
- 6.5.2 NSK Business Overview
- 6.5.3 NSK Electronic Power Steering Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 NSK Electronic Power Steering Product Portfolio
- 6.5.5 NSK Recent Developments
- 6.6 Hitachi Astemo (Showa)
- 6.6.1 Hitachi Astemo (Showa) Company Information
- 6.6.2 Hitachi Astemo (Showa) Business Overview
- 6.6.3 Hitachi Astemo (Showa) Electronic Power Steering Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 Hitachi Astemo (Showa) Electronic Power Steering Product Portfolio
- 6.6.5 Hitachi Astemo (Showa) Recent Developments
- 6.7 Hyundai Mobis
- 6.7.1 Hyundai Mobis Company Information
- 6.7.2 Hyundai Mobis Business Overview
- 6.7.3 Hyundai Mobis Electronic Power Steering Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 Hyundai Mobis Electronic Power Steering Product Portfolio
- 6.7.5 Hyundai Mobis Recent Developments
- 6.8 Thyssenkrupp
- 6.8.1 Thyssenkrupp Company Information
- 6.8.2 Thyssenkrupp Business Overview
- 6.8.3 Thyssenkrupp Electronic Power Steering Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 Thyssenkrupp Electronic Power Steering Product Portfolio
- 6.8.5 Thyssenkrupp Recent Developments
- 6.9 Mando
- 6.9.1 Mando Company Information
- 6.9.2 Mando Business Overview
- 6.9.3 Mando Electronic Power Steering Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 Mando Electronic Power Steering Product Portfolio
- 6.9.5 Mando Recent Developments
- 6.10 CAAS
- 6.10.1 CAAS Company Information
- 6.10.2 CAAS Business Overview
- 6.10.3 CAAS Electronic Power Steering Sales, Revenue and Gross Margin (2021-2026)
- 6.10.4 CAAS Electronic Power Steering Product Portfolio
- 6.10.5 CAAS Recent Developments
- 6.11 Zhuzhou Elite
- 6.11.1 Zhuzhou Elite Company Information
- 6.11.2 Zhuzhou Elite Business Overview
- 6.11.3 Zhuzhou Elite Electronic Power Steering Sales, Revenue and Gross Margin (2021-2026)
- 6.11.4 Zhuzhou Elite Electronic Power Steering Product Portfolio
- 6.11.5 Zhuzhou Elite Recent Developments
- 6.12 Yubei
- 6.12.1 Yubei Company Information
- 6.12.2 Yubei Business Overview
- 6.12.3 Yubei Electronic Power Steering Sales, Revenue and Gross Margin (2021-2026)
- 6.12.4 Yubei Electronic Power Steering Product Portfolio
- 6.12.5 Yubei Recent Developments
- 6.13 Zhejiang Shibao
- 6.13.1 Zhejiang Shibao Company Information
- 6.13.2 Zhejiang Shibao Business Overview
- 6.13.3 Zhejiang Shibao Electronic Power Steering Sales, Revenue and Gross Margin (2021-2026)
- 6.13.4 Zhejiang Shibao Electronic Power Steering Product Portfolio
- 6.13.5 Zhejiang Shibao Recent Developments
7 North America by Country
- 7.1 North America Electronic Power Steering Sales by Country
- 7.1.1 North America Electronic Power Steering Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Electronic Power Steering Sales by Country (2021-2026)
- 7.1.3 North America Electronic Power Steering Sales Forecast by Country (2027-2032)
- 7.2 North America Electronic Power Steering Market Size by Country
- 7.2.1 North America Electronic Power Steering Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Electronic Power Steering Market Size by Country (2021-2026)
- 7.2.3 North America Electronic Power Steering Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Electronic Power Steering Sales by Country
- 8.1.1 Europe Electronic Power Steering Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Electronic Power Steering Sales by Country (2021-2026)
- 8.1.3 Europe Electronic Power Steering Sales Forecast by Country (2027-2032)
- 8.2 Europe Electronic Power Steering Market Size by Country
- 8.2.1 Europe Electronic Power Steering Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Electronic Power Steering Market Size by Country (2021-2026)
- 8.2.3 Europe Electronic Power Steering Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Electronic Power Steering Sales by Country
- 9.1.1 Asia-Pacific Electronic Power Steering Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Electronic Power Steering Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Electronic Power Steering Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Electronic Power Steering Market Size by Country
- 9.2.1 Asia-Pacific Electronic Power Steering Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Electronic Power Steering Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Electronic Power Steering Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Electronic Power Steering Sales by Country
- 10.1.1 South America Electronic Power Steering Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Electronic Power Steering Sales by Country (2021-2026)
- 10.1.3 South America Electronic Power Steering Sales Forecast by Country (2027-2032)
- 10.2 South America Electronic Power Steering Market Size by Country
- 10.2.1 South America Electronic Power Steering Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Electronic Power Steering Market Size by Country (2021-2026)
- 10.2.3 South America Electronic Power Steering Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Electronic Power Steering Sales by Country
- 11.1.1 Middle East and Africa Electronic Power Steering Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Electronic Power Steering Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Electronic Power Steering Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Electronic Power Steering Market Size by Country
- 11.2.1 Middle East and Africa Electronic Power Steering Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Electronic Power Steering Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Electronic Power Steering Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Electronic Power Steering Value Chain Analysis
- 12.1.1 Electronic Power Steering Key Raw Materials
- 12.1.2 Key Raw Materials Price
- 12.1.3 Raw Materials Key Suppliers
- 12.1.4 Manufacturing Cost Structure
- 12.1.5 Electronic Power Steering Production Mode & Process
- 12.2 Electronic Power Steering Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Electronic Power Steering Distributors
- 12.2.3 Electronic Power Steering Customers
13 Concluding Insights
14 Appendix
- 14.1 Reasons for Doing This Study
- 14.2 Research Methodology
- 14.3 Research Process
- 14.4 Authors List of This Report
- 14.5 Data Source
- 14.5.1 Secondary Sources
- 14.5.2 Primary Sources
- 14.6 Disclaimer
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