Selected research
Industry Growth & Trends
Global Automotive Power Steering Systems Industry Growth and Trends Forecast to 2032
Market perspective
According to APO Research, the global Automotive Power Steering Systems 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 Automotive Power Steering Systems 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 Automotive Power Steering Systems 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 Automotive Power Steering Systems is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
Leading global companies in the Automotive Power Steering Systems market include Robert Bosch Automotive Steering GmbH, Mitsubishi Electric Corporation, JTEKT Corporation, ThyssenKrupp Presta AG, Autoliv and Daimler AG, 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 Automotive Power Steering Systems market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Automotive Power Steering Systems market size, estimates, and forecasts are presented in terms of revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Automotive Power Steering Systems 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 Automotive Power Steering Systems.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading companies in the global Automotive Power Steering Systems 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 and gross margin data by manufacturer for 2021-2026, enabling benchmarking of scale, profitability, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
Automotive Power Steering Systems Market by Company
Robert Bosch Automotive Steering GmbH
Mitsubishi Electric Corporation
JTEKT Corporation
ThyssenKrupp Presta AG
Autoliv
Daimler AG
Automotive Power Steering Systems Segment by Type
Electronic Power Steering (EPS)
Hydraulic Power Steering (HPS)
Electronic & Hydraulic Power Steering (EHPS)
Automotive Power Steering Systems Segment by Application
Original Equipment Manufacturers (OEMS)
Aftermarket
Automotive Power Steering Systems 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 Automotive Power Steering Systems 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 Automotive Power Steering Systems 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 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 Automotive Power Steering Systems.
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 report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2021-2025, 2026-2031). 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 2: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 3: Provides the analysis of various market segments by 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 4: 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 5: Detailed analysis of Automotive Power Steering Systems companies' competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, revenue by country.
Chapter 12: Concluding Insights of the report
More report detail
Tables and figures
Scope & coverage.
Types
- Electronic Power Steering (EPS)
- Hydraulic Power Steering (HPS)
- Electronic & Hydraulic Power Steering (EHPS)
Applications
- Original Equipment Manufacturers (OEMS)
- Aftermarket
Companies covered
- Robert Bosch Automotive Steering GmbH
- Mitsubishi Electric Corporation
- JTEKT Corporation
- ThyssenKrupp Presta AG
- Autoliv
- Daimler AG
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.3 Global Automotive Power Steering Systems Market Size Overview by Region 2021 VS 2025 VS 2032
- 1.4 Global Automotive Power Steering Systems Market Size by Region (2021-2032)
- 1.4.1 Global Automotive Power Steering Systems Market Size by Region (2021-2026)
- 1.4.2 Global Automotive Power Steering Systems Market Size by Region (2027-2032)
- 1.5 Key Regions Automotive Power Steering Systems Market Size (2021-2032)
- 1.5.1 North America Automotive Power Steering Systems Market Size Growth Rate (2021-2032)
- 1.5.2 Europe Automotive Power Steering Systems Market Size Growth Rate (2021-2032)
- 1.5.3 Asia-Pacific Automotive Power Steering Systems Market Size Growth Rate (2021-2032)
- 1.5.4 South America Automotive Power Steering Systems Market Size Growth Rate (2021-2032)
- 1.5.5 Middle East & Africa Automotive Power Steering Systems Market Size Growth Rate (2021-2032)
2 Automotive Power Steering Systems Market by Type
- 2.1 Type Introduction
- 2.1.1 Electronic Power Steering (EPS)
- 2.1.2 Hydraulic Power Steering (HPS)
- 2.1.3 Electronic & Hydraulic Power Steering (EHPS)
- 2.2 Global Automotive Power Steering Systems Market Size by Type
- 2.2.1 Global Automotive Power Steering Systems Market Size Overview by Type (2021-2032)
- 2.2.2 Global Automotive Power Steering Systems Historic Market Size Review by Type (2021-2026)
- 2.2.3 Global Automotive Power Steering Systems Market Size Forecasted by Type (2027-2032)
- 2.3 Global Automotive Power Steering Systems Market Size by Regions
- 2.3.1 North America Automotive Power Steering Systems Market Size Breakdown by Type (2021-2026)
- 2.3.2 Europe Automotive Power Steering Systems Market Size Breakdown by Type (2021-2026)
- 2.3.3 Asia-Pacific Automotive Power Steering Systems Market Size Breakdown by Type (2021-2026)
- 2.3.4 South America Automotive Power Steering Systems Market Size Breakdown by Type (2021-2026)
- 2.3.5 Middle East and Africa Automotive Power Steering Systems Market Size Breakdown by Type (2021-2026)
3 Automotive Power Steering Systems Market by Application
- 3.1 Type Introduction
- 3.1.1 Original Equipment Manufacturers (OEMS)
- 3.1.2 Aftermarket
- 3.2 Global Automotive Power Steering Systems Market Size by Application
- 3.2.1 Global Automotive Power Steering Systems Market Size Overview by Application (2021-2032)
- 3.2.2 Global Automotive Power Steering Systems Historic Market Size Review by Application (2021-2026)
- 3.2.3 Global Automotive Power Steering Systems Market Size Forecasted by Application (2027-2032)
- 3.3 Global Automotive Power Steering Systems Market Size by Regions
- 3.3.1 North America Automotive Power Steering Systems Market Size Breakdown by Application (2021-2026)
- 3.3.2 Europe Automotive Power Steering Systems Market Size Breakdown by Application (2021-2026)
- 3.3.3 Asia-Pacific Automotive Power Steering Systems Market Size Breakdown by Application (2021-2026)
- 3.3.4 South America Automotive Power Steering Systems Market Size Breakdown by Application (2021-2026)
- 3.3.5 Middle East and Africa Automotive Power Steering Systems Market Size Breakdown by Application (2021-2026)
4 Global Market Dynamics
- 4.1 Automotive Power Steering Systems Industry Trends
- 4.2 Automotive Power Steering Systems Industry Drivers
- 4.3 Automotive Power Steering Systems Industry Opportunities and Challenges
- 4.4 Automotive Power Steering Systems Industry Restraints
5 Competitive Insights by Company
- 5.1 Global Top Players by Automotive Power Steering Systems Revenue (2021-2026)
- 5.2 Global Automotive Power Steering Systems Industry Company Ranking, 2024 VS 2025 VS 2026
- 5.3 Global Automotive Power Steering Systems Key Company Headquarters & Area Served
- 5.4 Global Automotive Power Steering Systems Company, Product Type & Application
- 5.5 Global Automotive Power Steering Systems Company Commercialization Time
- 5.6 Market Competitive Analysis
- 5.6.1 Global Automotive Power Steering Systems Market CR5 and HHI
- 5.6.2 Global Top 5 and 10 Automotive Power Steering Systems Players Market Share by Revenue in 2025
- 5.6.3 2025 Automotive Power Steering Systems Tier 1, Tier 2, and Tier 3
6 Company Profiles
- 6.1 Robert Bosch Automotive Steering GmbH
- 6.1.1 Robert Bosch Automotive Steering GmbH Company Information
- 6.1.2 Robert Bosch Automotive Steering GmbH Business Overview
- 6.1.3 Robert Bosch Automotive Steering GmbH Automotive Power Steering Systems Revenue, Global Share and Gross Margin (2021-2026)
- 6.1.4 Robert Bosch Automotive Steering GmbH Automotive Power Steering Systems Product Portfolio
- 6.1.5 Robert Bosch Automotive Steering GmbH Recent Developments
- 6.2 Mitsubishi Electric Corporation
- 6.2.1 Mitsubishi Electric Corporation Company Information
- 6.2.2 Mitsubishi Electric Corporation Business Overview
- 6.2.3 Mitsubishi Electric Corporation Automotive Power Steering Systems Revenue, Global Share and Gross Margin (2021-2026)
- 6.2.4 Mitsubishi Electric Corporation Automotive Power Steering Systems Product Portfolio
- 6.2.5 Mitsubishi Electric Corporation Recent Developments
- 6.3 JTEKT Corporation
- 6.3.1 JTEKT Corporation Company Information
- 6.3.2 JTEKT Corporation Business Overview
- 6.3.3 JTEKT Corporation Automotive Power Steering Systems Revenue, Global Share and Gross Margin (2021-2026)
- 6.3.4 JTEKT Corporation Automotive Power Steering Systems Product Portfolio
- 6.3.5 JTEKT Corporation Recent Developments
- 6.4 ThyssenKrupp Presta AG
- 6.4.1 ThyssenKrupp Presta AG Company Information
- 6.4.2 ThyssenKrupp Presta AG Business Overview
- 6.4.3 ThyssenKrupp Presta AG Automotive Power Steering Systems Revenue, Global Share and Gross Margin (2021-2026)
- 6.4.4 ThyssenKrupp Presta AG Automotive Power Steering Systems Product Portfolio
- 6.4.5 ThyssenKrupp Presta AG Recent Developments
- 6.5 Autoliv
- 6.5.1 Autoliv Company Information
- 6.5.2 Autoliv Business Overview
- 6.5.3 Autoliv Automotive Power Steering Systems Revenue, Global Share and Gross Margin (2021-2026)
- 6.5.4 Autoliv Automotive Power Steering Systems Product Portfolio
- 6.5.5 Autoliv Recent Developments
- 6.6 Daimler AG
- 6.6.1 Daimler AG Company Information
- 6.6.2 Daimler AG Business Overview
- 6.6.3 Daimler AG Automotive Power Steering Systems Revenue, Global Share and Gross Margin (2021-2026)
- 6.6.4 Daimler AG Automotive Power Steering Systems Product Portfolio
- 6.6.5 Daimler AG Recent Developments
7 North America
- 7.1 North America Automotive Power Steering Systems Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2 North America Automotive Power Steering Systems Market Size by Country (2021-2026)
- 7.3 North America Automotive Power Steering Systems Market Size Forecast by Country (2027-2032)
8 Europe
- 8.1 Europe Automotive Power Steering Systems Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2 Europe Automotive Power Steering Systems Market Size by Country (2021-2026)
- 8.3 Europe Automotive Power Steering Systems Market Size Forecast by Country (2027-2032)
9 Asia-Pacific
- 9.1 Asia-Pacific Automotive Power Steering Systems Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2 Asia-Pacific Automotive Power Steering Systems Market Size by Country (2021-2026)
- 9.3 Asia-Pacific Automotive Power Steering Systems Market Size Forecast by Country (2027-2032)
10 South America
- 10.1 South America Automotive Power Steering Systems Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2 South America Automotive Power Steering Systems Market Size by Country (2021-2026)
- 10.3 South America Automotive Power Steering Systems Market Size Forecast by Country (2027-2032)
11 Middle East & Africa
- 11.1 Middle East & Africa Automotive Power Steering Systems Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2 Middle East & Africa Automotive Power Steering Systems Market Size by Country (2021-2026)
- 11.3 Middle East & Africa Automotive Power Steering Systems Market Size Forecast by Country (2027-2032)
12 Concluding Insights
13 Appendix
- 13.1 Reasons for Doing This Study
- 13.2 Research Methodology
- 13.3 Research Process
- 13.4 Authors List of This Report
- 13.5 Data Source
- 13.5.1 Secondary Sources
- 13.5.2 Primary Sources
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