Selected research
Industry Research
Automotive Power Steering Systems Industry Research Report 2026
Market perspective
The global Automotive Power Steering Systems 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 Automotive Power Steering Systems market is projected to increase from US$ million in 2026 to US$ million by 2032, reflecting a CAGR of % over 2026–2032. Europe: the Automotive Power Steering Systems 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 Automotive Power Steering Systems 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 Automotive Power Steering Systems 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
Read the full market overview
This report quantifies the global Automotive Power Steering Systems 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 Automotive Power Steering Systems.
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.
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
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 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 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 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: 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 Automotive Power Steering Systems 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
- 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 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 Automotive Power Steering Systems by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032)
- 2.2.2 Electronic Power Steering (EPS)
- 2.2.3 Hydraulic Power Steering (HPS)
- 2.2.4 Electronic & Hydraulic Power Steering (EHPS)
- 2.3 Automotive Power Steering Systems by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032)
- 2.3.2 Original Equipment Manufacturers (OEMS)
- 2.3.3 Aftermarket
- 2.4 Assumptions and Limitations
3 Automotive Power Steering Systems Breakdown Data by Type
- 3.1 Global Automotive Power Steering Systems Historic Market Size by Type (2021-2026)
- 3.2 Global Automotive Power Steering Systems Forecasted Market Size by Type (2027-2032)
4 Automotive Power Steering Systems Breakdown Data by Application
- 4.1 Global Automotive Power Steering Systems Historic Market Size by Application (2021-2026)
- 4.2 Global Automotive Power Steering Systems Forecasted Market Size by Application (2027-2032)
5 Global Growth Trends
- 5.1 Global Automotive Power Steering Systems Market Perspective (2021-2032)
- 5.2 Global Automotive Power Steering Systems Growth Trends by Region
- 5.2.1 Global Automotive Power Steering Systems Market Size by Region: 2021 VS 2025 VS 2032
- 5.2.2 Automotive Power Steering Systems Historic Market Size by Region (2021-2026)
- 5.2.3 Automotive Power Steering Systems Forecasted Market Size by Region (2027-2032)
- 5.3 Automotive Power Steering Systems Market Dynamics
- 5.3.1 Automotive Power Steering Systems Industry Trends
- 5.3.2 Automotive Power Steering Systems Market Drivers
- 5.3.3 Automotive Power Steering Systems Market Challenges
- 5.3.4 Automotive Power Steering Systems Market Restraints
6 Market Competitive Landscape by Players
- 6.1 Global Top Automotive Power Steering Systems Players by Revenue
- 6.1.1 Global Top Automotive Power Steering Systems Players by Revenue (2021-2026)
- 6.1.2 Global Automotive Power Steering Systems Revenue Market Share by Players (2021-2026)
- 6.2 Global Automotive Power Steering Systems Industry Players Ranking, 2023 VS 2024 VS 2025
- 6.3 Global Key Players of Automotive Power Steering Systems Head Office and Area Served
- 6.4 Global Automotive Power Steering Systems Players, Product Type & Application
- 6.5 Global Automotive Power Steering Systems Manufacturers Established Date
- 6.6 Global Automotive Power Steering Systems Market CR5 and HHI
- 6.7 Global Players Mergers & Acquisition
7 North America
- 7.1 North America Automotive Power Steering Systems Market Size (2021-2032)
- 7.2 North America Automotive Power Steering Systems Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 7.3 North America Automotive Power Steering Systems Market Size by Country (2021-2026)
- 7.4 North America Automotive Power Steering Systems 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 Automotive Power Steering Systems Market Size (2021-2032)
- 8.2 Europe Automotive Power Steering Systems Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3 Europe Automotive Power Steering Systems Market Size by Country (2021-2026)
- 8.4 Europe Automotive Power Steering Systems 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 Automotive Power Steering Systems Market Size (2021-2032)
- 9.2 Asia-Pacific Automotive Power Steering Systems Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 9.3 Asia-Pacific Automotive Power Steering Systems Market Size by Country (2021-2026)
- 9.4 Asia-Pacific Automotive Power Steering Systems 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 Automotive Power Steering Systems Market Size (2021-2032)
- 10.2 South America Automotive Power Steering Systems Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 10.3 South America Automotive Power Steering Systems Market Size by Country (2021-2026)
- 10.4 South America Automotive Power Steering Systems 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 Automotive Power Steering Systems Market Size (2021-2032)
- 11.2 Middle East & Africa Automotive Power Steering Systems Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 11.3 Middle East & Africa Automotive Power Steering Systems Market Size by Country (2021-2026)
- 11.4 Middle East & Africa Automotive Power Steering Systems 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 Robert Bosch Automotive Steering GmbH
- 12.1.1 Robert Bosch Automotive Steering GmbH Company Information
- 12.1.2 Robert Bosch Automotive Steering GmbH Business Overview
- 12.1.3 Robert Bosch Automotive Steering GmbH Revenue in Automotive Power Steering Systems Business (2021-2026)
- 12.1.4 Robert Bosch Automotive Steering GmbH Automotive Power Steering Systems Product Portfolio
- 12.1.5 Robert Bosch Automotive Steering GmbH Recent Developments
- 12.2 Mitsubishi Electric Corporation
- 12.2.1 Mitsubishi Electric Corporation Company Information
- 12.2.2 Mitsubishi Electric Corporation Business Overview
- 12.2.3 Mitsubishi Electric Corporation Revenue in Automotive Power Steering Systems Business (2021-2026)
- 12.2.4 Mitsubishi Electric Corporation Automotive Power Steering Systems Product Portfolio
- 12.2.5 Mitsubishi Electric Corporation Recent Developments
- 12.3 JTEKT Corporation
- 12.3.1 JTEKT Corporation Company Information
- 12.3.2 JTEKT Corporation Business Overview
- 12.3.3 JTEKT Corporation Revenue in Automotive Power Steering Systems Business (2021-2026)
- 12.3.4 JTEKT Corporation Automotive Power Steering Systems Product Portfolio
- 12.3.5 JTEKT Corporation Recent Developments
- 12.4 ThyssenKrupp Presta AG
- 12.4.1 ThyssenKrupp Presta AG Company Information
- 12.4.2 ThyssenKrupp Presta AG Business Overview
- 12.4.3 ThyssenKrupp Presta AG Revenue in Automotive Power Steering Systems Business (2021-2026)
- 12.4.4 ThyssenKrupp Presta AG Automotive Power Steering Systems Product Portfolio
- 12.4.5 ThyssenKrupp Presta AG Recent Developments
- 12.5 Autoliv
- 12.5.1 Autoliv Company Information
- 12.5.2 Autoliv Business Overview
- 12.5.3 Autoliv Revenue in Automotive Power Steering Systems Business (2021-2026)
- 12.5.4 Autoliv Automotive Power Steering Systems Product Portfolio
- 12.5.5 Autoliv Recent Developments
- 12.6 Daimler AG
- 12.6.1 Daimler AG Company Information
- 12.6.2 Daimler AG Business Overview
- 12.6.3 Daimler AG Revenue in Automotive Power Steering Systems Business (2021-2026)
- 12.6.4 Daimler AG Automotive Power Steering Systems Product Portfolio
- 12.6.5 Daimler AG Recent Developments
13 Report Conclusion
14 Disclaimer
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