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

By Vehicle Type;

Passenger Car, and Commercial Vehicle.

By Power Steering Type;

Hydraulic Power Steering (HPS), and Electric Power Hydraulic Steering (EPHS).

By Product Type;

By Rack Assist Type (REPS), Colum Asist Type (CEPS), and Pinion Assist Type (PEPS).

By Demand Category;

OEM, and Replacement.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn925227382 Published Date: March, 2025 Updated Date: April, 2025

Introduction

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

In the year 2024, the Global Automotive Power Steering Motor Market was valued at USD 548.30 million. The size of this market is expected to increase to USD 840.92 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.3%.

The global automotive power steering motor market is a vital sector within the automotive industry, pivotal in enhancing vehicle steering functionality and driving experience. Power steering motors serve as core components in modern power steering systems, providing assistance to drivers by amplifying steering efforts and ensuring smooth maneuverability. As automotive manufacturers continue to prioritize driver comfort, safety, and vehicle efficiency, the demand for advanced power steering motor technologies is on the rise, propelling growth and innovation in the global market.

One of the key drivers of the global automotive power steering motor market is the increasing integration of electric power steering (EPS) systems in vehicles. EPS systems, which utilize electric motors to provide steering assistance, offer numerous advantages over traditional hydraulic power steering systems, including improved fuel efficiency, reduced weight, and enhanced adaptability to electric and autonomous vehicle platforms. The adoption of EPS systems is driven by stringent fuel economy regulations, consumer demand for eco-friendly vehicles, and the proliferation of electric and hybrid vehicles. Consequently, the demand for power steering motors compatible with EPS systems is witnessing steady growth, fueling expansion in the global market.

Technological advancements and innovations in automotive power steering motor design are driving market growth and competitiveness. Manufacturers are investing in research and development to enhance motor efficiency, reliability, and performance while reducing size, weight, and production costs. Additionally, the integration of advanced features such as torque sensors, position sensors, and motor control algorithms further enhances the functionality and safety of power steering systems. As automotive power steering motors continue to evolve, offering greater precision, responsiveness, and energy efficiency, they play an increasingly pivotal role in shaping the future of vehicle steering technology, driving market expansion and differentiation among industry players.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Vehicle Type
    2. Market Snapshot, By Power Steering Type
    3. Market Snapshot, By Product Type
    4. Market Snapshot, By Demand Category
    5. Market Snapshot, By Region
  4. Global Automotive Power Steering Motor Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Electric Power Steering (EPS)
        2. Fuel Efficiency
        3. Increasing Vehicle Production
        4. Integration with Advanced Driver Assistance Systems (ADAS)
      2. Restraints
        1. Cost Constraints
        2. Reliability Concerns
        3. Supply Chain Disruptions
        4. Compatibility Issues
      3. Opportunities
        1. Electric and Autonomous Vehicles
        2. Emerging Markets Expansion
        3. Technological Innovation
        4. Lightweight Materials
    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 Power Steering Motor Market, By Vehicle Type, 2021 - 2031 (USD Million)
      1. Passenger Car
      2. Commercial Vehicle
    2. Global Automotive Power Steering Motor Market, By Power Steering Type, 2021 - 2031 (USD Million)
      1. Hydraulic Power Steering (HPS)
      2. Electric Power Hydraulic Steering (EPHS)
    3. Global Automotive Power Steering Motor Market, By Product Type, 2021 - 2031 (USD Million)
      1. By Rack Assist Type (REPS)
      2. Colum Assist Type (CEPS)
      3. Pinion Assist Type (PEPS)
    4. Global Automotive Power Steering Motor Market, By Demand Category, 2021 - 2031 (USD Million)
      1. OEM
      2. Replacement
    5. Global Automotive Power Steering Motor 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. Benelux
        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. JTEKT
      2. Nexteer Automotive
      3. ZF / TRW
      4. NSK
      5. Showa
      6. Thyssenkrupp
      7. Delphi Automotive
      8. Mobis
      9. Mando Corp
  7. Analyst Views
  8. Future Outlook of the Market