Report Overview
Passenger Car Electric Power Steering System (EPS) is a steering system that uses electric motors to assist the driver in turning the steering wheel. Unlike hydraulic power steering systems, which rely on hydraulic fluid and a pump, EPS systems use electrical power to provide assistance. This system is becoming increasingly popular in modern vehicles due to its efficiency, environmental friendliness, and ability to integrate with advanced driver assistance systems
Market Shares
The global Passenger Car Electric Power Steering System (EPS) market size was estimated at USD 4536 million in 2024 and is projected to reach USD 5790.85 million by 2032, exhibiting a CAGR of 3.10% during the forecastperiod.
North America Passenger Car Electric Power Steering System (EPS) market size was estimated at USD 1245.60 million in 2024, at a CAGR of 2.66% during the forecast period of 2024through2032.
Key Company
• Bosch
• NexteerAutomotive
• ZF Friedrichshafen
• JTEKTCorporation
• Hyundai Mobis
• Denso
• Nidec
Market Segmentation (by Application)
• Electric Cars
• Fuel Cars
• Hybrid Cars
• Market Segmentation (by Type)
• Column-Mounted EPS (CM-EPS)
• Dual-Pinion EPS
• Others
Geographic Segmentation
• North America: USA, Canada, Mexico
• Europe: Germany, UK, France, Russia, Italy, Rest of Europe
• Asia-Pacific: China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific
• South America: Brazil, Argentina, Colombia, Rest of South America
• Middle East and Africa: Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA
https://www.statsmarketresearch.com/global-passengercar-electric-power-steering-system-forecast-2025-2030766-8025113
