Global Automotive Electro-Hydraulic Power Steering Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Component Type;

Steering Motor, Sensors, and Others.

By Vehicle Type;

Passenger Vehicles and Commercial Vehicles.

By Sales Channel;

Original Equipment Manufacturer (OEM) and Aftermarket .

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn986673926 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Automotive Electro-Hydraulic Power Steering Market (USD Million), 2021 - 2031

In the year 2024, the Global Automotive Electro-Hydraulic Power Steering Market was valued at USD 18,965.69 million. The size of this market is expected to increase to USD 28,896.16 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.2%.

The Global Automotive Electro-Hydraulic Power Steering Market is an integral segment within the automotive industry, representing a critical component in modern vehicles. Electro-hydraulic power steering systems combine hydraulic assistance with electronic controls, providing drivers with responsive and efficient steering performance. This technology has gained prominence due to its ability to offer the benefits of both hydraulic and electric power steering systems, such as improved fuel efficiency, enhanced driving comfort, and precise handling.

One of the key drivers behind the growth of the Global Automotive Electro-Hydraulic Power Steering Market is the increasing demand for vehicles equipped with advanced safety and comfort features. Electro-hydraulic power steering systems offer superior responsiveness and maneuverability, enhancing vehicle stability and control, especially during high-speed driving and tight maneuvers. Additionally, these systems contribute to a more comfortable driving experience by reducing steering effort and vibrations, thereby reducing driver fatigue and improving overall ride quality.

The automotive industry's shift towards electrification and automation has fueled the adoption of electro-hydraulic power steering systems. As manufacturers strive to develop more environmentally friendly and technologically advanced vehicles, electro-hydraulic power steering emerges as a viable solution due to its energy efficiency and compatibility with electric drivetrains. With stringent emissions regulations driving the need for fuel-efficient vehicles, the Global Automotive Electro-Hydraulic Power Steering Market is poised for significant growth as automakers seek to integrate innovative steering solutions into their product offerings.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Component Type
    2. Market Snapshot, By Vehicle Type
    3. Market Snapshot, By Sales Channel
    4. Market Snapshot, By Region
  4. Global Automotive Electro-Hydraulic Power Steering Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand for Fuel-Efficient Vehicles
        2. Enhanced Driving Dynamics and Safety
        3. Integration with Advanced Driver Assistance Systems (ADAS)
        4. Comfort and Convenience
        5. Automotive Industry Trends
      2. Restraints
        1. Increasing Adoption of Electric Power Steering (EPS) Systems
        2. High Cost of Implementation
        3. Maintenance and Repair Challenges
        4. Limited Compatibility with Electric and Hybrid Vehicles
        5. Weight and Space Constraints
      3. Opportunities
        1. Integration with Advanced Driver Assistance Systems (ADAS)
        2. Expansion in Electric and Hybrid Vehicle Segment
        3. Penetration in Emerging Markets
        4. Retrofitting and Aftermarket Opportunities
        5. Development of Next-Generation Steering Systems
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Electro-Hydraulic Power Steering Market, By Component Type, 2021 - 2031 (USD Million)
      1. Steering Motor
      2. Sensors
      3. Others
    2. Global Automotive Electro-Hydraulic Power Steering Market, By Vehicle Type, 2021 - 2031 (USD Million)
      1. Passenger Vehicles
      2. Commercial Vehicles
    3. Global Automotive Electro-Hydraulic Power Steering Market, By Sales Channel, 2021 - 2031 (USD Million)
      1. Original Equipment Manufacturer (OEM)
      2. Aftermarket
    4. Global Automotive Electro-Hydraulic Power Steering Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelex
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Bosch Automotive Steering GmbH
      2. JTEKT Corporation
      3. ZF Friedrichshafen AG
      4. Nexteer Automotive
      5. ThyssenKrupp Presta AG
      6. NSK Ltd.
      7. Mando Corporation
      8. Hitachi Automotive Systems, Ltd
      9. Showa Corporation
      10. Hyundai Mobis
  7. Analyst Views
  8. Future Outlook of the Market