Selected research
Market Outlook & Growth Opportunities
Global Automotive Power Steering Systems Market Outlook and Growth Opportunities 2026
Market perspective
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 compound annual growth rate (CAGR) of % 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, at 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, at 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.
In China, the Automotive Power Steering Systems market is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
Major 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 market revenue.
This report provides an overview of the global Automotive Power Steering Systems market in terms of revenue and gross margin, analyzing global market trends using historical revenue data for 2021-2025, estimates for 2026, and projected CAGRs through 2032.
The study covers key producers of Automotive Power Steering Systems and market revenue by major regions and countries, assesses future market potential, and highlights priority regions and countries for segmenting the market into sub-sectors, with country-specific market value data for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, the Middle East, Africa, and other countries.
The report also presents Automotive Power Steering Systems revenue, market share, and industry ranking for the main companies for 2021-2026, identifies the major stakeholders in the global market, and analyzes their competitive landscape and market positioning based on recent developments and segmental revenues.
Across the 2021-2026 period, the analysis compares revenue growth and profitability profiles by company, distinguishing participants with sustained expansion from those with more cyclical performance, and relates these patterns to differences in regional exposure, product portfolios, and application focus in the global Automotive Power Steering Systems market.
Automotive Power Steering Systems Segment 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
Study Objectives
1. To analyze and research the global Automotive Power Steering Systems status and future forecast, involving, revenue, growth rate (CAGR), market share, historical and forecast.
2. To present the Automotive Power Steering Systems key companies, revenue, market share, and recent developments.
3. To split the Automotive Power Steering Systems breakdown data by regions, type, companies, and application.
4. To analyze the global and key regions Automotive Power Steering Systems market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify Automotive Power Steering Systems significant trends, drivers, influence factors in global and regions.
6. To analyze Automotive Power Steering Systems competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
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 sales 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: Introduces the report scope of the report, global total market size.
Chapter 2: Analysis key trends, drivers, challenges, and opportunities within the global Automotive Power Steering Systems industry.
Chapter 3: Detailed analysis of Automotive Power Steering Systems company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6: Sales value of Automotive Power Steering Systems in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of key country in the world.
Chapter 7: Sales value of Automotive Power Steering Systems in country level. It provides sigmate data by type, and by application for each country/region.
Chapter 8: 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 9: Concluding Insights.
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 Automotive Power Steering Systems Market Size, 2021 VS 2025 VS 2032
- 1.3 Global Automotive Power Steering Systems Market Size (2021-2032)
- 1.4 Assumptions and Limitations
- 1.5 Study Goals and Objectives
2 Automotive Power Steering Systems Market Dynamics
- 2.1 Automotive Power Steering Systems Industry Trends
- 2.2 Automotive Power Steering Systems Industry Drivers
- 2.3 Automotive Power Steering Systems Industry Opportunities and Challenges
- 2.4 Automotive Power Steering Systems Industry Restraints
3 Automotive Power Steering Systems Market by Company
- 3.1 Global Automotive Power Steering Systems Company Revenue Ranking in 2025
- 3.2 Global Automotive Power Steering Systems Revenue by Company (2021-2026)
- 3.3 Global Automotive Power Steering Systems Company Ranking (2024-2026)
- 3.4 Global Automotive Power Steering Systems Company Manufacturing Base and Headquarters
- 3.5 Global Automotive Power Steering Systems Company Product Type and Application
- 3.6 Global Automotive Power Steering Systems Company Establishment Date
- 3.7 Market Competitive Analysis
- 3.7.1 Global Automotive Power Steering Systems Market Concentration Ratio (CR5 and HHI)
- 3.7.2 Global Top 5 and 10 Company Market Share by Revenue in 2025
- 3.7.3 2025 Automotive Power Steering Systems Tier 1, Tier 2, and Tier 3 Companies
- 3.8 Mergers and Acquisitions Expansion
4 Automotive Power Steering Systems Market by Type
- 4.1 Automotive Power Steering Systems Type Introduction
- 4.1.1 Electronic Power Steering (EPS)
- 4.1.2 Hydraulic Power Steering (HPS)
- 4.1.3 Electronic & Hydraulic Power Steering (EHPS)
- 4.2 Global Automotive Power Steering Systems Sales Value by Type
- 4.2.1 Global Automotive Power Steering Systems Sales Value by Type (2021 VS 2025 VS 2032)
- 4.2.2 Global Automotive Power Steering Systems Sales Value by Type (2021-2032)
- 4.2.3 Global Automotive Power Steering Systems Sales Value Share by Type (2021-2032)
5 Automotive Power Steering Systems Market by Application
- 5.1 Automotive Power Steering Systems Application Introduction
- 5.1.1 Original Equipment Manufacturers (OEMS)
- 5.1.2 Aftermarket
- 5.2 Global Automotive Power Steering Systems Sales Value by Application
- 5.2.1 Global Automotive Power Steering Systems Sales Value by Application (2021 VS 2025 VS 2032)
- 5.2.2 Global Automotive Power Steering Systems Sales Value by Application (2021-2032)
- 5.2.3 Global Automotive Power Steering Systems Sales Value Share by Application (2021-2032)
6 Automotive Power Steering Systems Regional Value Analysis
- 6.1 Global Automotive Power Steering Systems Sales Value by Region: 2021 VS 2025 VS 2032
- 6.2 Global Automotive Power Steering Systems Sales Value by Region (2021-2032)
- 6.2.1 Global Automotive Power Steering Systems Sales Value by Region: 2021-2026
- 6.2.2 Global Automotive Power Steering Systems Sales Value by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Automotive Power Steering Systems Sales Value (2021-2032)
- 6.3.2 North America Automotive Power Steering Systems Sales Value Share by Country, 2025 VS 2032
- 6.4 Europe
- 6.4.1 Europe Automotive Power Steering Systems Sales Value (2021-2032)
- 6.4.2 Europe Automotive Power Steering Systems Sales Value Share by Country, 2025 VS 2032
- 6.5 Asia-Pacific
- 6.5.1 Asia-Pacific Automotive Power Steering Systems Sales Value (2021-2032)
- 6.5.2 Asia-Pacific Automotive Power Steering Systems Sales Value Share by Country, 2025 VS 2032
- 6.6 South America
- 6.6.1 South America Automotive Power Steering Systems Sales Value (2021-2032)
- 6.6.2 South America Automotive Power Steering Systems Sales Value Share by Country, 2025 VS 2032
- 6.7 Middle East & Africa
- 6.7.1 Middle East & Africa Automotive Power Steering Systems Sales Value (2021-2032)
- 6.7.2 Middle East & Africa Automotive Power Steering Systems Sales Value Share by Country, 2025 VS 2032
7 Automotive Power Steering Systems Country-level Value Analysis
- 7.1 Global Automotive Power Steering Systems Sales Value by Country: 2021 VS 2025 VS 2032
- 7.2 Global Automotive Power Steering Systems Sales Value by Country (2021-2032)
- 7.2.1 Global Automotive Power Steering Systems Sales Value by Country (2021-2026)
- 7.2.2 Global Automotive Power Steering Systems Sales Value by Country (2027-2032)
- 7.3 USA
- 7.3.1 USA Automotive Power Steering Systems Sales Value Growth Rate (2021-2032)
- 7.3.2 USA Automotive Power Steering Systems Sales Value Share by Type, 2025 VS 2032
- 7.3.3 USA Automotive Power Steering Systems Sales Value Share by Application, 2025 VS 2032
- 7.4 Canada
- 7.4.1 Canada Automotive Power Steering Systems Sales Value Growth Rate (2021-2032)
- 7.4.2 Canada Automotive Power Steering Systems Sales Value Share by Type, 2025 VS 2032
- 7.4.3 Canada Automotive Power Steering Systems Sales Value Share by Application, 2025 VS 2032
- 7.5 Mexico
- 7.5.1 Mexico Automotive Power Steering Systems Sales Value Growth Rate (2021-2032)
- 7.5.2 Mexico Automotive Power Steering Systems Sales Value Share by Type, 2025 VS 2032
- 7.5.3 Mexico Automotive Power Steering Systems Sales Value Share by Application, 2025 VS 2032
- 7.6 Germany
- 7.6.1 Germany Automotive Power Steering Systems Sales Value Growth Rate (2021-2032)
- 7.6.2 Germany Automotive Power Steering Systems Sales Value Share by Type, 2025 VS 2032
- 7.6.3 Germany Automotive Power Steering Systems Sales Value Share by Application, 2025 VS 2032
- 7.7 France
- 7.7.1 France Automotive Power Steering Systems Sales Value Growth Rate (2021-2032)
- 7.7.2 France Automotive Power Steering Systems Sales Value Share by Type, 2025 VS 2032
- 7.7.3 France Automotive Power Steering Systems Sales Value Share by Application, 2025 VS 2032
- 7.8 U.K.
- 7.8.1 U.K. Automotive Power Steering Systems Sales Value Growth Rate (2021-2032)
- 7.8.2 U.K. Automotive Power Steering Systems Sales Value Share by Type, 2025 VS 2032
- 7.8.3 U.K. Automotive Power Steering Systems Sales Value Share by Application, 2025 VS 2032
- 7.9 Italy
- 7.9.1 Italy Automotive Power Steering Systems Sales Value Growth Rate (2021-2032)
- 7.9.2 Italy Automotive Power Steering Systems Sales Value Share by Type, 2025 VS 2032
- 7.9.3 Italy Automotive Power Steering Systems Sales Value Share by Application, 2025 VS 2032
- 7.10 Spain
- 7.10.1 Spain Automotive Power Steering Systems Sales Value Growth Rate (2021-2032)
- 7.10.2 Spain Automotive Power Steering Systems Sales Value Share by Type, 2025 VS 2032
- 7.10.3 Spain Automotive Power Steering Systems Sales Value Share by Application, 2025 VS 2032
- 7.11 Russia
- 7.11.1 Russia Automotive Power Steering Systems Sales Value Growth Rate (2021-2032)
- 7.11.2 Russia Automotive Power Steering Systems Sales Value Share by Type, 2025 VS 2032
- 7.11.3 Russia Automotive Power Steering Systems Sales Value Share by Application, 2025 VS 2032
- 7.12 Netherlands
- 7.12.1 Netherlands Automotive Power Steering Systems Sales Value Growth Rate (2021-2032)
- 7.12.2 Netherlands Automotive Power Steering Systems Sales Value Share by Type, 2025 VS 2032
- 7.12.3 Netherlands Automotive Power Steering Systems Sales Value Share by Application, 2025 VS 2032
- 7.13 Nordic Countries
- 7.13.1 Nordic Countries Automotive Power Steering Systems Sales Value Growth Rate (2021-2032)
- 7.13.2 Nordic Countries Automotive Power Steering Systems Sales Value Share by Type, 2025 VS 2032
- 7.13.3 Nordic Countries Automotive Power Steering Systems Sales Value Share by Application, 2025 VS 2032
- 7.14 China
- 7.14.1 China Automotive Power Steering Systems Sales Value Growth Rate (2021-2032)
- 7.14.2 China Automotive Power Steering Systems Sales Value Share by Type, 2025 VS 2032
- 7.14.3 China Automotive Power Steering Systems Sales Value Share by Application, 2025 VS 2032
- 7.15 Japan
- 7.15.1 Japan Automotive Power Steering Systems Sales Value Growth Rate (2021-2032)
- 7.15.2 Japan Automotive Power Steering Systems Sales Value Share by Type, 2025 VS 2032
- 7.15.3 Japan Automotive Power Steering Systems Sales Value Share by Application, 2025 VS 2032
- 7.16 South Korea
- 7.16.1 South Korea Automotive Power Steering Systems Sales Value Growth Rate (2021-2032)
- 7.16.2 South Korea Automotive Power Steering Systems Sales Value Share by Type, 2025 VS 2032
- 7.16.3 South Korea Automotive Power Steering Systems Sales Value Share by Application, 2025 VS 2032
- 7.17 India
- 7.17.1 India Automotive Power Steering Systems Sales Value Growth Rate (2021-2032)
- 7.17.2 India Automotive Power Steering Systems Sales Value Share by Type, 2025 VS 2032
- 7.17.3 India Automotive Power Steering Systems Sales Value Share by Application, 2025 VS 2032
- 7.18 Australia
- 7.18.1 Australia Automotive Power Steering Systems Sales Value Growth Rate (2021-2032)
- 7.18.2 Australia Automotive Power Steering Systems Sales Value Share by Type, 2025 VS 2032
- 7.18.3 Australia Automotive Power Steering Systems Sales Value Share by Application, 2025 VS 2032
- 7.19 Southeast Asia
- 7.19.1 Southeast Asia Automotive Power Steering Systems Sales Value Growth Rate (2021-2032)
- 7.19.2 Southeast Asia Automotive Power Steering Systems Sales Value Share by Type, 2025 VS 2032
- 7.19.3 Southeast Asia Automotive Power Steering Systems Sales Value Share by Application, 2025 VS 2032
- 7.20 Brazil
- 7.20.1 Brazil Automotive Power Steering Systems Sales Value Growth Rate (2021-2032)
- 7.20.2 Brazil Automotive Power Steering Systems Sales Value Share by Type, 2025 VS 2032
- 7.20.3 Brazil Automotive Power Steering Systems Sales Value Share by Application, 2025 VS 2032
- 7.21 Argentina
- 7.21.1 Argentina Automotive Power Steering Systems Sales Value Growth Rate (2021-2032)
- 7.21.2 Argentina Automotive Power Steering Systems Sales Value Share by Type, 2025 VS 2032
- 7.21.3 Argentina Automotive Power Steering Systems Sales Value Share by Application, 2025 VS 2032
- 7.22 Chile
- 7.22.1 Chile Automotive Power Steering Systems Sales Value Growth Rate (2021-2032)
- 7.22.2 Chile Automotive Power Steering Systems Sales Value Share by Type, 2025 VS 2032
- 7.22.3 Chile Automotive Power Steering Systems Sales Value Share by Application, 2025 VS 2032
- 7.23 Colombia
- 7.23.1 Colombia Automotive Power Steering Systems Sales Value Growth Rate (2021-2032)
- 7.23.2 Colombia Automotive Power Steering Systems Sales Value Share by Type, 2025 VS 2032
- 7.23.3 Colombia Automotive Power Steering Systems Sales Value Share by Application, 2025 VS 2032
- 7.24 Peru
- 7.24.1 Peru Automotive Power Steering Systems Sales Value Growth Rate (2021-2032)
- 7.24.2 Peru Automotive Power Steering Systems Sales Value Share by Type, 2025 VS 2032
- 7.24.3 Peru Automotive Power Steering Systems Sales Value Share by Application, 2025 VS 2032
- 7.25 Saudi Arabia
- 7.25.1 Saudi Arabia Automotive Power Steering Systems Sales Value Growth Rate (2021-2032)
- 7.25.2 Saudi Arabia Automotive Power Steering Systems Sales Value Share by Type, 2025 VS 2032
- 7.25.3 Saudi Arabia Automotive Power Steering Systems Sales Value Share by Application, 2025 VS 2032
- 7.26 Israel
- 7.26.1 Israel Automotive Power Steering Systems Sales Value Growth Rate (2021-2032)
- 7.26.2 Israel Automotive Power Steering Systems Sales Value Share by Type, 2025 VS 2032
- 7.26.3 Israel Automotive Power Steering Systems Sales Value Share by Application, 2025 VS 2032
- 7.27 UAE
- 7.27.1 UAE Automotive Power Steering Systems Sales Value Growth Rate (2021-2032)
- 7.27.2 UAE Automotive Power Steering Systems Sales Value Share by Type, 2025 VS 2032
- 7.27.3 UAE Automotive Power Steering Systems Sales Value Share by Application, 2025 VS 2032
- 7.28 Turkey
- 7.28.1 Turkey Automotive Power Steering Systems Sales Value Growth Rate (2021-2032)
- 7.28.2 Turkey Automotive Power Steering Systems Sales Value Share by Type, 2025 VS 2032
- 7.28.3 Turkey Automotive Power Steering Systems Sales Value Share by Application, 2025 VS 2032
- 7.29 Iran
- 7.29.1 Iran Automotive Power Steering Systems Sales Value Growth Rate (2021-2032)
- 7.29.2 Iran Automotive Power Steering Systems Sales Value Share by Type, 2025 VS 2032
- 7.29.3 Iran Automotive Power Steering Systems Sales Value Share by Application, 2025 VS 2032
- 7.30 Egypt
- 7.30.1 Egypt Automotive Power Steering Systems Sales Value Growth Rate (2021-2032)
- 7.30.2 Egypt Automotive Power Steering Systems Sales Value Share by Type, 2025 VS 2032
- 7.30.3 Egypt Automotive Power Steering Systems Sales Value Share by Application, 2025 VS 2032
8 Company Profiles
- 8.1 Robert Bosch Automotive Steering GmbH
- 8.1.1 Robert Bosch Automotive Steering GmbH Company Information
- 8.1.2 Robert Bosch Automotive Steering GmbH Business Overview
- 8.1.3 Robert Bosch Automotive Steering GmbH Automotive Power Steering Systems Revenue and Gross Margin (2021-2026)
- 8.1.4 Robert Bosch Automotive Steering GmbH Automotive Power Steering Systems Product Portfolio
- 8.1.5 Robert Bosch Automotive Steering GmbH Recent Developments
- 8.2 Mitsubishi Electric Corporation
- 8.2.1 Mitsubishi Electric Corporation Company Information
- 8.2.2 Mitsubishi Electric Corporation Business Overview
- 8.2.3 Mitsubishi Electric Corporation Automotive Power Steering Systems Revenue and Gross Margin (2021-2026)
- 8.2.4 Mitsubishi Electric Corporation Automotive Power Steering Systems Product Portfolio
- 8.2.5 Mitsubishi Electric Corporation Recent Developments
- 8.3 JTEKT Corporation
- 8.3.1 JTEKT Corporation Company Information
- 8.3.2 JTEKT Corporation Business Overview
- 8.3.3 JTEKT Corporation Automotive Power Steering Systems Revenue and Gross Margin (2021-2026)
- 8.3.4 JTEKT Corporation Automotive Power Steering Systems Product Portfolio
- 8.3.5 JTEKT Corporation Recent Developments
- 8.4 ThyssenKrupp Presta AG
- 8.4.1 ThyssenKrupp Presta AG Company Information
- 8.4.2 ThyssenKrupp Presta AG Business Overview
- 8.4.3 ThyssenKrupp Presta AG Automotive Power Steering Systems Revenue and Gross Margin (2021-2026)
- 8.4.4 ThyssenKrupp Presta AG Automotive Power Steering Systems Product Portfolio
- 8.4.5 ThyssenKrupp Presta AG Recent Developments
- 8.5 Autoliv
- 8.5.1 Autoliv Company Information
- 8.5.2 Autoliv Business Overview
- 8.5.3 Autoliv Automotive Power Steering Systems Revenue and Gross Margin (2021-2026)
- 8.5.4 Autoliv Automotive Power Steering Systems Product Portfolio
- 8.5.5 Autoliv Recent Developments
- 8.6 Daimler AG
- 8.6.1 Daimler AG Company Information
- 8.6.2 Daimler AG Business Overview
- 8.6.3 Daimler AG Automotive Power Steering Systems Revenue and Gross Margin (2021-2026)
- 8.6.4 Daimler AG Automotive Power Steering Systems Product Portfolio
- 8.6.5 Daimler AG Recent Developments
9 Concluding Insights
10 Appendix
- 10.1 Reasons for Doing This Study
- 10.2 Research Methodology
- 10.3 Research Process
- 10.4 Authors List of This Report
- 10.5 Data Source
- 10.5.1 Secondary Sources
- 10.5.2 Primary Sources
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