The US Electric Power Steering (EPS) market revenue is forecasted to climb from USD 2,500 Million in 2020 to USD 7,400 Million by 2035, displaying significant annual growth as more vehicles transition to EPS-driven solutions. The strongest jumps are anticipated towards the late 2020s, supported by regulatory pressures, technology upgrades, and widespread consumer acceptance. Growth momentum continues throughout the 2030s as EPS becomes the industry norm for all vehicle classes. This robust trajectory underpins supplier investments in R&D, with aftermarket and OEM sectors both contributing to the expanding revenue base.
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Passenger vehicles constitute the majority market share for electric power steering systems in the US, accounting for over half of market revenue in 2025. Widespread consumer adoption, a focus on vehicle safety, smooth handling, and regulatory mandates propel EPS demand across sedans, SUVs, and hatchbacks. Commercial vehicles—including light and heavy-duty models—are rapidly increasing their share, underpinned by technology penetration, cost incentives, and electrification trends. Sports Utility Vehicles (SUVs) consistently maintain a robust market presence due to growing preference for larger, safer family vehicles with advanced steering controls.
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Who are the key players in US Electric Power Steering Market industry?
The top 5 players in the US Electric Power Steering Market include JTEKT Corporation, Nexteer Automotive, Robert Bosch GmbH, ZF Friedrichshafen AG, and NSK Ltd. These companies dominate the market with advanced EPS technologies, extensive R&D, and partnerships with major automakers to deliver reliable and efficient steering systems.
What is the US Electric Power Steering Market market growth?
The US Electric Power Steering Market is experiencing robust growth, driven by increasing adoption of advanced driver assistance systems (ADAS) and electrification trends. According to Nexteer Automotive, the market is projected to grow at a CAGR of over 5% through 2028, supported by rising demand for fuel-efficient vehicles.
Which segment accounted for the largest US Electric Power Steering Market market share?
Passenger cars hold the largest share in the US Electric Power Steering Market. This dominance is attributed to the high production volume of passenger vehicles and growing integration of EPS systems for improved fuel efficiency, safety, and enhanced driver comfort in daily urban commuting.
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