The global Electric Power Steering Motor market size is expected to reach $ 3048 million by 2032, rising at a market growth of 2.1% CAGR during the forecast period (2026-2032).
In motor vehicles, a power steering system helps drivers steer the vehicle by augmenting steering effort needed to turn the steering wheel, making it easier for the vehicle to turn or maneuver. Electric power steering systems use electric motors to provide the assistance instead of hydraulic systems. As with hydraulic types, power to the actuator (motor, in this case) is controlled by the rest of the power steering system. Electric power steering motor is a key component for Electric power steering system (EPS).
Global Electric Power Steering Motor key players include Nidec, Bosch, Mitsubishi Electric, etc. Global top 3 manufacturers hold a share over 65%.
Asia-Pacific is the largest market, with a share about 49%, followed by Americas, and Europe, both have a share about 48 percent.
In terms of product, CEPS Motor is the largest segment, with a share over 53%. And in terms of application, the largest application is Passenger Car.
This report studies the global Electric Power Steering Motor production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Electric Power Steering Motor and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Electric Power Steering Motor that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Electric Power Steering Motor total production and demand, 2021-2032, (K Units)
Global Electric Power Steering Motor total production value, 2021-2032, (USD Million)
Global Electric Power Steering Motor production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (K Units), (based on production site)
Global Electric Power Steering Motor consumption by region & country, CAGR, 2021-2032 & (K Units)
U.S. VS China: Electric Power Steering Motor domestic production, consumption, key domestic manufacturers and share
Global Electric Power Steering Motor production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (K Units)
Global Electric Power Steering Motor production by Type, production, value, CAGR, 2021-2032, (USD Million) & (K Units)
Global Electric Power Steering Motor production by Application, production, value, CAGR, 2021-2032, (USD Million) & (K Units)
This report profiles key players in the global Electric Power Steering Motor market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Nidec, Bosch, Mitsubishi Electric, Denso, ZF, LG Innotek, Mitsuba, Mahle, Elite, Dare Auto, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Electric Power Steering Motor market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (K Units) and average price (US$/Unit) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Electric Power Steering Motor Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Electric Power Steering Motor Market, Segmentation by Type:
CEPS Motor
REPS Motor
PEPS Motor
EHPS Motor
Global Electric Power Steering Motor Market, Segmentation by Application:
Passenger Car
Commercial Vehicle
Companies Profiled:
Nidec
Bosch
Mitsubishi Electric
Denso
ZF
LG Innotek
Mitsuba
Mahle
Elite
Dare Auto
Key Questions Answered:
1. How big is the global Electric Power Steering Motor market?
2. What is the demand of the global Electric Power Steering Motor market?
3. What is the year over year growth of the global Electric Power Steering Motor market?
4. What is the production and production value of the global Electric Power Steering Motor market?
5. Who are the key producers in the global Electric Power Steering Motor market?
6. What are the growth factors driving the market demand?
Summary:
Get latest Market Research Reports on Electric Power Steering Motor. Industry analysis & Market Report on Electric Power Steering Motor is a syndicated market report, published as Global Electric Power Steering Motor Supply, Demand and Key Producers, 2026-2032. It is complete Research Study and Industry Analysis of Electric Power Steering Motor market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.