Global Market Size of Electric Power Steering Market – 10 Year Market Forecast

Automotive

Electric Power Steering Market Size Forecast 2025-2034

Electric Power Steering replaces traditional hydraulic systems, offering improved fuel efficiency, control, and integration with ADAS. It uses electric motors and sensors for steering assistance. The market will grow from USD 26.97 billion in 2025 to USD 58.80 billion by 2034, at a CAGR of 9.05%.

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Electric Power Steering Market Size of United States

Electric Power Steering Market Analysis of United Kingdom

Electric Power Steering Market Trends of Germany

Electric Power Steering Market Forecast of France

Electric Power Steering Market Growth of Italy

Market Size of Electric Power Steering in Poland

Market Analysis of Electric Power Steering in Switzerland

Market Trends of Electric Power Steering in Sweden

Market Forecast of Electric Power Steering in Spain

Market Growth of Electric Power Steering Netherland

Belgium Electric Power Steering Market

Finland Electric Power Steering Market

Japan Electric Power Steering Market

South Korea Electric Power Steering Market

China Electric Power Steering Market

Electric Power Steering Market Size of Russia

Electric Power Steering Market Analysis of Malaysia

Electric Power Steering Market Trends of Singapore

Electric Power Steering Market Forecast of India

Electric Power Steering Market Growth of Brazil

Market segments - Electric Power Steering Market

By Type

  • Column Assist EPS (C-EPS)
  • Pinion Assist EPS (P-EPS)
  • Rack Assist EPS (R-EPS)

By Vehicle Type

  • Passenger Vehicles
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Region

  • North America
  • Europe
  • APAC
  • Middle East
  • ROW
Global Market size of Electric Power Steering Market 2025 26.97
Global Market size of Electric Power Steering Market 2034 58.80
Cumulative Market Size of the Electric Power Steering Market 412.46
Global Market Growth of Electric Power Steering Market (CAGR) 9%

Frequently Asked Questions(FAQ)

  • What is EPS?

  • An electric system that assists steering without hydraulic fluid.

  • How does EPS save fuel?

  • It only operates when needed, unlike hydraulic pumps.

  • Is EPS ADAS-compatible?

  • Yes, it supports lane-keeping and self-parking features

  • Market forecast by 2034?

  • Expected to reach USD 58.80 billion

  • What is Global market database?

  • Global market database is a cloud based market research and intelligence tool that provides up to date market information about 600+ markets including enzymes market.

Global Market Size of Electric Power Steering Market – 10 Year Market Forecast

Release date
Jul 2025

Region
Global

Countries Covered
The countries covered are US, UK, Germany, France, Italy, Poland, Switzerland, Sweden, Spain, Netherlands, Belgium, Finland. Japan, South Korea, China, Russia, Malaysia, Singapore, India, Brazil.

Supplementary notes
The regions covered are North America, Europe, APAC & ROW.


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