Electric Power Steering Motor Market

ELECTRIC POWER STEERING MOTOR MARKET OVERVIEW

The global Electric Power Steering Motor Market is poised for significant growth, starting at USD 2.41 billion in 2024, rising to USD 2.47 billion in 2025, and projected to reach USD 2.93 billion by 2033, with a CAGR of 2.2% from 2025 to 2033.

Vehicles implement Electric Power Steering motors to operate as electric motors that help steering functions by eliminating hydraulically controlled systems. The assistance operation of the system adjusts according to driver control and vehicle speed, which boosts both fuel efficiency and user responsiveness. The ECU obtains sensor data from the motor to enable the system to execute operations that include lane-keeping assist. EPS motors require decreased mechanical components and produce better maintenance outcomes than hydraulic systems.   

The EPS motor market grows steadily because motors now serve as the primary component driving performance improvement in automotive systems, thereby offering better fuel efficiency and reduced emission levels. The steering assistance from EPS motors produces accurate steering control, which improves driving safety and comfort. The market has grown steadily since all electric and hybrid vehicle manufacturers must have EPS systems for their cars.  

KEY FINDINGS

• Market Size And Growth: The Electric Power Steering Motor Market is projected to grow from USD 2.47 billion in 2025 to USD 2.93 billion by 2033, registering a CAGR of 2.2% during the forecast period.

• Key Market Trends: Growing demand for autonomous driving and advanced driver-assistance systems is expected to contribute over 35% of new technology integrations within EPS systems by 2033.

• Key Market Drivers: Increasing vehicle production and sales, especially in the EV segment, will account for nearly 40% of total EPS motor demand growth from 2025 to 2033.

• Technological Advancements: Integration of steer-by-wire and advanced control algorithms in EPS systems is projected to influence over 30% of new product launches by 2030.

• Regional Growth: Asia-Pacific will hold the dominant market share with approximately 42% by 2033, followed by Europe at 30% and North America at 22%, driven by EV production and regulatory shifts.

• Type Segmentation: CEPS motors will lead the market with a 37% share by 2033 due to compact size and adoption in small and mid-sized vehicles, followed by REPS at 28%, PEPS at 22%, and EHPS at 13%.

• Application Segmentation: Passenger cars will dominate the application segment with a 76% market share by 2033 due to high-volume sales, while commercial vehicles will account for the remaining 24%.

• Key Players: Nidec will maintain the largest market share at 17% by 2033, followed by Bosch at 14% and Mitsubishi Electric at 11%, supported by innovations in modular and energy-efficient EPS technologies.

COVID-19 IMPACT

"The Electric Power Steering Motor Industry Had a Mixed Effect Due to Supply Chain Disruption During the COVID-19 Pandemic"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The EPS motor market received varying consequences from the COVID-19 pandemic. The beginning phase of lockdowns, together with production stoppages, generated notable disturbances throughout worldwide supply systems that triggered component shortages alongside vehicle production hindrances. The economic uncertainties in consumer markets resulted in short-term reduced automotive purchases, which then diminished EPS motor market demand. As the automotive market improved its performance, the EPS motor sector regained momentum from the rising electric vehicle adoption and the fresh demand for advanced driver-assistance systems based on EPS technology.

LATEST TREND

"Growing Demand for Autonomous Driving and ADAS to Drive Market Growth "

The electric power steering (EPS) motor market experiences growing market demand for autonomous driving and advanced driver-assistance systems (ADAS) that need precise, reliable EPS systems. The automotive industry shows increasing interest in creating EPS motors that use less energy to decrease fuel consumption as well as emission levels in vehicles. The market shows current developments around steer-by-wire systems that break the steering wheel and steering gear mechanical connection to provide better design capabilities and control features.

ELECTRIC POWER STEERING MOTOR MARKET SEGMENTATION

By Type

Based on Type, the global market can be categorized into CEPS Motor, REPS Motor, PEPS Motor and EHPS Motor

• CEPS Motor: CEPS motors fit into the steering column structure of vehicles to deliver a small yet lightweight design which works optimally with small and mid-sized vehicles. EPS technology controls the EPS market due to its cost-efficient design, which works well for urban transportation.

• REPS Motor: The direct rack mount of REPS motors enables them to supply increased torque for steering applications, thus making them effective in SUVS and trucks. The EPS segment shows rapid growth because electric and autonomous vehicles require exact and efficient steering systems that drive this market expansion.  

• PEPS Motor: Compaction is balanced by performance in PEPS motors, which attach to the pinion shaft. The market demand for premium and electric vehicles has increased their adoption because these systems provide improved steering feedback and occupy minimal space.  

• EHPS Motor: EHPS systems integrate hydraulic and electric assistance, which leads to better energy efficiency than standard hydraulic systems do. Heavy-duty commercial vehicles, together with trucks, utilize these steerable devices because they meet requirements for fuel efficiency along with steering performance needs.  

By Application

Based on application, the global market can be categorized into Passenger Car and Commercial Vehicle

• Passenger Car: The EPS motor market finds its biggest demand in passenger car applications. These vehicles gain better efficiency and safety features, and increased driving comfort because of their EPS systems integration. The market for ADAS and electric vehicles creates expanding opportunities that drive segment growth.

• Commercial Vehicle: The primary enterprise segment for EPS motors is commercial vehicles because manufacturers pursue increased fuel economy, together with decreased driver exhaustion, as key objectives. EPS systems in trucks and buses deliver exact steering control that permits easy handling for big vehicles while simultaneously lowering maintenance expenses better than hydraulic systems. 
  

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges, stating the market conditions.                         

DRIVING FACTORS

"Increasing Vehicle Production and Sales to Boost the Market "

A factor in the Electric Power Steering Motor market growth is that the expanding vehicle manufacturing numbers combined with growing automotive sales yet especially in electric vehicle (EV) production, because EPS systems provide essential power steering functionality and control ease along with energy efficiency benefits. Automakers continue adopting EPS technology because it enables light and accurate steering in all their vehicles while enhancing driver performance and fuel efficiency. Government policies that drive the adoption of electric vehicles to cut down emissions create an increased market demand for EPS motors used in modern steering systems. EPS motors achieve critical status in manufacturing vehicles because of the integration between expanding automotive markets and advancing technologies in the automotive industry.

"Stringent Fuel Efficiency and Emission Regulations Expand the Market"

Manufacturers worldwide are embracing electric power steering (EPS) motors since fuel efficiency and emission standards push industries to pursue environmentally friendly energy-saving solutions. Hybrid electric systems in agricultural equipment combine the electric vehicle technology to disconnect internal combustion engines, which results in lower fuel use and emissions without sacrificing efficiency. Advanced engine combustion techniques together with post-treatment systems approach their limit, which drives manufacturers toward using electrified EPS motors to reduce losses and maximize efficiency. The EPS technology integration by automotive manufacturers happens because of regulatory requirements that eliminate hydraulic systems, along with delivering efficiency from precise on-demand power management capabilities that match global environmental goals.

RESTRAINING FACTOR

"High Cost of EPS Systems Potentially Impedes Market Growth "

Manufacturers and consumers encounter financial obstacles from Electric Power Steering (EPS) system costs because of advanced components such as brushless motors and control units, and precision sensors that make market adoption slower, particularly in areas where price sensitivity is high. Budget-oriented vehicles remain out of reach due to development and production expenses that increase because of incorporating advanced control algorithms (e.g., LQG, MPC) and robust design requirements. The superior performance of EPS, together with its autonomous driving characteristics, continues to face pricing challenges when competing against traditional hydraulic systems in cost-sensitive markets.  

OPPORTUNITY

"Growing Demand for Electric and Hybrid Vehicles Creates Opportunity in the Market"

The increasing demand for EVs/HEVs leads directly to market expansion for EPS motors since these vehicles depend on energy-efficient EPS systems, which enhance battery operation and decrease power requirements. Modern transportation electrification needs progressive EPS motors to function completely with hybrid and electric powertrains since governments enforce emissions regulations. The market expansion of EPS motors receives additional impetus through innovation in motor design that brings forth cost-effective switched reluctance motors (SRMs) with high performance capabilities.  

CHALLENGE

"Technical Complexity and Integration Challenges Could Be a Potential Challenge for Consumers"

The complicated nature and the integration hurdles associated with EPS motors represent major adoption challenges for customers because they lead to both decreased product dependability and elevated product cost. Vehicle operators face complex challenges when using FPIBSC and BSSMCPID control systems because they need extensive calibration processes which adapt poorly to different vehicle platforms and may create expensive repair issues during failures. The production of optimized motors needs specific manufacturing methods that restrict aftermarket choices while creating customer dependence on vehicle manufacturers.

ELECTRIC POWER STEERING MOTOR MARKET REGIONAL INSIGHTS   

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• North America

EPS motor use in North America remains substantial because both major automotive companies operate there, together with rising electric vehicle sales numbers. The need for ADAS technology development, along with strict safety rules, stimulates market growth throughout this specific region. The United States Electric Power Steering Motor Market requirements focus on advanced EPS technologies that implement active noise cancellation using motors and adaptive feedback controllers without requiring hardware additions. The adoption of PMSMs with precision calibration methods, including I/f control and sliding mode observers for zero-position offset correction, happens because industry regulators match FCC standards and consumers want premium driving experiences. Modern drive control software uses fuzzy-PI backstepping control methods, which improve driving stability and steering feeling for various operational conditions in real time.

• Europe

Electromagnetic noise compliance requirements under CISPR and CE marking standards serve as primary market drivers in Europe's Electric Power Steering (EPS) motor industry, thus manufacturers incorporate cutting-edge passive/active filters combined with optimized motor designs for noise reduction. Market demand intensifies due to the advancement of energy-efficient systems as well as electric vehicle production, where manufacturers adopt permanent magnet synchronous motors (PMSMs) for precise control and lower cogging torque.  

• Asia

The production zones for EPS motors within the Asia Pacific region exist in China, India, and Southeast Asian countries, where manufacturers benefit from cost-friendly operations. The region focuses on producing large volumes of low-cost EPS systems while brushing DC motors into its framework due to reliability needs, alongside direct torque control methods for enhanced driving experience. The fast expansion of EVs, as well as government support for efficient vehicles, creates new development opportunities, particularly within sensor less PMSM controls and cogging torque improvements. Companies in local markets use MATLAB/Simulink simulation tools to enhance steering system performance with optimized control algorithms which satisfy their domestic as well as overseas customers requiring affordable high-end products.

KEY INDUSTRY PLAYERS
"Key Industry Players Shaping the Market Through Innovation and Market Expansion"

The global electric power steering (EPS) motor market advances through the deliberate actions of major industry players who develop innovative technologies. Various companies enhance their EPS systems for better steering stability in large vehicles by incorporating complex control algorithms which include disturbance observers combined with back-stepping sliding-mode techniques for managing road-induced torque changes. The conversion from hydraulic systems to lightweight EPS solutions occurs because customers need improved fuel efficiency and decreased emissions performance. The market leaders continue to advance EPS technology for electric vehicles such as motorcycles and cars to match sustainability standards and new environmental requirements.

List Of Top Electric Powers Steering  Motors Companies   

• Nidec (Japan)
• Bosch (Germany)
• Mitsubishi Electric (Japan)
• Denso (Japan)
• ZF (Germany)
• LG Innotek (South Korea)   
• Mitsuba (Japan)
• Mahle (Germany)
• Elite (India)
• Dare Auto (U.S.)

KEY INDUSTRY DEVELOPMENT

August 2024: Nexteer Automotive, a leading supplier of power steering systems based in the United States announced the launch of its new modular electric power steering system. Modular Pinion-Assist Electric Power Steering (mPEPS) system is aimed at offering cost-effective steering solutions for automotive companies and provides them with option of component reuse as well.  

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The Electric Power Steering Motor market is poised for a continued boom pushed by Growing Demand for Autonomous Driving and ADAS, Increasing Vehicle Production and Sales, and Stringent Fuel Efficiency and Emission Regulations. Despite challenges, which include Technical Complexity and Integration Challenges, the demand for Growing Demand for Electric and Hybrid Vehicles supports marketplace expansion. Key industry players are advancing via technological upgrades and strategic marketplace growth, enhancing the supply and attraction of Electric Power Steering Motor.