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
This report provides a deep insight into the global Passenger Car Electric Power Steering System (EPS) market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
Market Value:
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 forecast period.
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 2024 through 2032.
CAGR of 3.10% (2025 – 2032)
By Types:
•Column-Mounted EPS (CMEPS)
•Dual-Pinion EPS
By Applications:
Electric Cars
Fuel Cars
Hybrid Cars
Key players include:
•Bosch
•Nexteer Automotive
•ZF Friedrichshafen
•JTEKT Corporation
•Hyundai Mobis
•Including or Excluding key companies relevant to your analysis.
