Who are the key players in Global Electric Power Steering Motor Market industry?

The top 5 players in the Global Electric Power Steering Motor Market include Robert Bosch GmbH, NSK Ltd., Nidec Corporation, Denso Corporation, and Mitsubishi Electric Corporation. These companies dominate the market owing to their advanced technology, global supply chain networks, and strategic partnerships with leading automotive manufacturers worldwide.

Which segment accounted for the largest Global Electric Power Steering Motor Market share?

Passenger vehicles segment accounted for the largest market share in the Global Electric Power Steering Motor Market. This dominance is attributed to the increasing adoption of electric power steering motors in passenger cars for enhanced safety and driving comfort, especially in Europe and Asia-Pacific regions.

What are the factors driving the Global Electric Power Steering Motor Market?

A major driving factor is the growing electrification of vehicles, supported by stricter emission norms and advancements in automotive technology. For example, Bosch's continuous innovation in compact and efficient EPS motors is propelling the global shift towards electric and hybrid vehicles, significantly driving market growth.

Which type accounted for the largest Global Electric Power Steering Motor Market share?

Column assist type EPS motors accounted for the largest share in the market. Their widespread use in small and mid-size vehicles, cost-effectiveness, and ease of integration have made them the preferred choice among automakers, especially in developed and developing markets alike.

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Global Electric Power Steering Motor Market Size & Share Analysis - Growth Trends and Forecast (2026 - 2035)

Name: Global Electric Power Steering Motor Market
Brand: Bussiness Insights

Global Electric Power Steering Motor Market: by Type (Column Assist Type, Pinion Assist Type, Dual Pinion Assist Type, Rack Assist Type), Application (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Others), Distribution Channels (OEM, Aftermarket), Technology (Brushless Motor, Brushed Motor, Others), Organization Size (Small, Medium, Large) and By Global â Historical & Forecast Period (2020-2035) Comprehensive Study 2025

Last Updated: 06-04-2026 | Format: PDF | Report ID:21587

Global Electric Power Steering Motor Market Analysis 2025–2035

The Global Electric Power Steering (EPS) Motor Market is expected to grow robustly, fueled by automotive industry electrification and stringent emission regulations. EPS motors are pivotal in modern steering systems, offering improved fuel efficiency, reduced mechanical complexity, and enhanced driver comfort compared to hydraulic systems. The continued rise in electric and hybrid vehicles, along with integration of advanced driver-assistance systems (ADAS), is reshaping steering motor demand globally. Market share concentration remains strong among established automotive technology companies, who leverage R&D to maintain competitive edge. With growing vehicle production in Asia-Pacific and steady demand across North America and Europe, the market forecasts strong revenue growth through 2035.

Latest Market Dynamics

Key Drivers

Rising demand for electric and hybrid vehicles: As OEMs such as Tesla and Toyota diversify their electrified portfolios, the adoption of electric power steering motors accelerates for improved efficiency and integration with EV architectures.

Integration of Advanced Driver-Assistance Systems (ADAS): Bosch has expanded its range of EPS solutions compatible with ADAS, driving industry-wide adoption for safety, convenience, and semi-autonomous features.
Shift toward brushless motor technology: Leading players such as NSK Ltd. are focusing on brushless motors, noted for superior durability, efficiency, and lower maintenance compared to brushed alternatives.

Expansion in emerging automotive markets: Nexteer Automotive has recently announced investments in Southeast Asia, capitalizing on booming vehicle production and demand for advanced steering systems.
Replacement and aftermarket sales growth: As vehicles age, Denso Corporation is witnessing increased aftermarket EPS unit sales, offering high-margin revenue and market penetration opportunities.

High R&D expense for technological advancement: Established players like ZF Friedrichshafen AG face high upfront R&D and tooling costs to keep pace with evolving vehicle technology, impacting margins.
Supply chain disruptions and chip shortages: Hitachi Automotive Systems highlights persistent semiconductors shortages, hampering production schedules and leading to potential order backlogs.

In 2025, column assist types continue to dominate the electric power steering motor segment with strong implementation in passenger vehicles. Pinion assist and rack assist types also secure significant market shares due to their adoption in commercial and high-end vehicles. Dual pinion assist types and others represent a smaller but steadily growing portion, driven by their increasing use in diverse vehicle segments seeking advanced steering performance.

In 2025, passenger cars represent the largest share of electric power steering motor deployment due to the segment’s vast production volumes and growing consumer preference for fuel efficiency and driving comfort. Light commercial vehicles make up a substantial portion, while heavy commercial vehicles and specialized vehicles, including electric and agricultural models, are witnessing accelerated adoption as OEMs expand their EPS applications portfolio.

The global electric power steering motor market is forecast to rise from $8,450 million in 2020 to $20,900 million by 2035, reflecting consistent demand from OEMs and aftermarket channels. This growth is propelled by electrification trends, ADAS integration, and the premium segment’s escalating EPS adoption. Asia-Pacific leads revenue expansion, followed by steady gains in North America and Europe, shaping a dynamic and competitive market landscape.

Asia-Pacific is projected to secure the highest share of the EPS motor market in 2025, supported by relentless vehicle manufacturing growth in countries such as China, India, and Japan. North America and Europe follow, benefitting from regulatory requirements for fuel efficiency and the ongoing electrification of automotive fleets. Other regions are set to record incremental gains as infrastructure and automotive demand grow.

Top global market share is concentrated among JTEKT Corporation, Bosch, and NSK Ltd., together holding over half the EPS motor market. Other major players like Nexteer Automotive, ZF Friedrichshafen AG, and Denso Corporation carve out significant positions through technological innovation and strategic alliances. The competitive landscape remains dynamic with frequent new product launches and technology upgrades.

In 2025, original equipment manufacturers (OEMs) remain the predominant buyers of EPS motors, accounting for the lion’s share thanks to direct integration into new vehicles. Aftermarket buyers are expanding quickly, driven by increasing vehicle parc and demand for replacement and upgrades. Fleet operators and specialized vehicle assemblers constitute a growing yet still modest market segment.

Metrics	Details
Years	2020-2035
Base Year	2025
Market Size	11750
Regions	North America, Europe, Asia-Pacific, South America, Middle East, Africa
Segments	By Type: Column Assist Type, Pinion Assist Type, Dual Pinion Assist Type, Rack Assist Type, Others; By Application: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Electric Vehicles, Agricultural Vehicles, Others
Players	JTEKT Corporation, Bosch, NSK Ltd., Nexteer Automotive, Showa Corporation, ZF Friedrichshafen AG, Hyundai Mobis, Mando Corporation, Mitsubishi Electric Corporation, Denso Corporation, Mobis, Valeo, Infineon Technologies, Hitachi Automotive Systems, Others

June 2024: Bosch launched a next-gen brushless EPS motor system for EV and ADAS compatibility, focusing on premium segment adoption.
July 2024: Nexteer Automotive announced an expansion of manufacturing capacity in Vietnam to meet rising APAC regional demand.
August 2024: JTEKT Corporation unveiled a new compact EPS motor line targeting light commercial vehicles in emerging markets.
September 2024: NSK Ltd. secured a multi-year strategic supply contract with a leading European EV maker.
October 2024: Denso Corporation introduced a modular aftermarket EPS solution for hybrid cars, expanding replacement opportunities.

Key Questions Answered

»What is the market size and growth rate of the global and regional market by various segments?
»What is the market size and growth rate of the market for selective countries?
»Which region or sub-segment is expected to drive the market in the forecast period?
»What factors are estimated to drive and restrain the market growth?
»What are the key technological and market trends shaping the market?
»What are the key opportunities in the market?
»What are the key companies operating in the market?
»Which company accounted for the highest market share?

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Global Electric Power Steering Motor Market Size & Share Analysis - Growth Trends and Forecast (2026 - 2035)

Global Electric Power Steering Motor Market Analysis 2025–2035

Latest Market Dynamics

Key Drivers

Key Trends

Key Opportunities

Key Challenges

Key Restraints

Global Electric Power Steering Motor Market Share (%) by Type, 2025

Global Electric Power Steering Motor Market Share (%) by Application, 2025

Global Electric Power Steering Motor Market Revenue (USD Million), 2020–2035

Global Electric Power Steering Motor Market YOY (%) Growth, 2020–2035

Global Electric Power Steering Motor Market Share (%) by Region, 2025

Global Electric Power Steering Motor Market Players Share (%), 2025

Global Electric Power Steering Motor Market Buyers Share (%), 2025

Study Coverage

Key Recent Developments

Frequently asked questions