Italy Electric Power Steering Market Report and Forecast 2025-2034
Description
The Italy electric power steering market size was valued at USD 277.36 Million in 2024. The market is further projected to grow at a CAGR of 4.90% between 2025 and 2034, reaching a value of USD 447.51 Million by 2034.
An electric power steering has benefits over traditional hydraulic power steering systems as it uses an electric motor, instead of a pump, to steer the wheel, which reduces the load on the engine, improves fuel efficiency, and reduces CO2 emissions. The electric power steering market in Italy is also expected to be driven by the increasing demand for fuel-efficient vehicles and the growing trend of autonomous driving.
Italian automaker, Fiat Chrysler Automobiles (FCA), has been incorporating electric power steering systems in their vehicles to improve fuel efficiency and reduce emissions. Companies like Waymo, a subsidiary of Alphabet Inc., are pioneering the development of self-driving vehicles that rely on sophisticated EPS systems for autonomous steering capabilities.
Moreover, electric vehicle manufacturers like Tesla have been at the forefront of vehicle electrification, utilising advanced EPS systems to enhance steering control and efficiency. Tesla's Model 3, Model S, and Model X showcase the integration of EPS technology in electric vehicles, contributing to their popularity and performance.
The column assist segment is expected to dominate the Italy electric power steering market share during the forecast period due to its high penetration in passenger vehicles. They enhance steering agility, stability, low-temperature resistance, and low power consumption, making them a preferred choice for vehicles in Italy.
The rack assist type (REPS) segment in the market is designed for heavier vehicles to handle higher front-axle loads. They also save valuable space in engine compartments, reduce assembly costs, and increase performance integrity compared to systems with remote electronic controls. On the other hand, PEPS systems are known for their good steering agility, stability, and low power consumption. They are favoured for their ease of integration and secondary development, showing strong vitality in the power steering systems of automobiles in Italy.
Market Segmentation
Italy Electric Power Steering Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Rack Assist Type (REPS)
Column Assist Type (CEPS)
Pinion Assist Type (PEPS)
Market Breakup by Component
Steering Rack/Column
Sensors
Electric Motor
Others
Market Breakup by Vehicle Type
Passenger Car
Commercial Vehicle
Market Breakup by Sales Channel
Original Equipment Manufacturer (OEM)
Aftermarket
Competitive Landscape
Market players are capitalising on the growing demand for advanced power-driven steering systems, coupled with regulations and initiatives towards decarbonisation.
Mitsubishi Electric Corporation
Denso Corporation
Knorr-Bremse AG
thyssenkrupp AG
ZF Friedrichshafen AG
Nexteer Automotive Corporation
Dowlais Group Plc (GKN Automotive Ltd.)
NSK Ltd.
GENERAL RICAMBI S.P.A
Others
An electric power steering has benefits over traditional hydraulic power steering systems as it uses an electric motor, instead of a pump, to steer the wheel, which reduces the load on the engine, improves fuel efficiency, and reduces CO2 emissions. The electric power steering market in Italy is also expected to be driven by the increasing demand for fuel-efficient vehicles and the growing trend of autonomous driving.
Italian automaker, Fiat Chrysler Automobiles (FCA), has been incorporating electric power steering systems in their vehicles to improve fuel efficiency and reduce emissions. Companies like Waymo, a subsidiary of Alphabet Inc., are pioneering the development of self-driving vehicles that rely on sophisticated EPS systems for autonomous steering capabilities.
Moreover, electric vehicle manufacturers like Tesla have been at the forefront of vehicle electrification, utilising advanced EPS systems to enhance steering control and efficiency. Tesla's Model 3, Model S, and Model X showcase the integration of EPS technology in electric vehicles, contributing to their popularity and performance.
The column assist segment is expected to dominate the Italy electric power steering market share during the forecast period due to its high penetration in passenger vehicles. They enhance steering agility, stability, low-temperature resistance, and low power consumption, making them a preferred choice for vehicles in Italy.
The rack assist type (REPS) segment in the market is designed for heavier vehicles to handle higher front-axle loads. They also save valuable space in engine compartments, reduce assembly costs, and increase performance integrity compared to systems with remote electronic controls. On the other hand, PEPS systems are known for their good steering agility, stability, and low power consumption. They are favoured for their ease of integration and secondary development, showing strong vitality in the power steering systems of automobiles in Italy.
Market Segmentation
Italy Electric Power Steering Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Rack Assist Type (REPS)
Column Assist Type (CEPS)
Pinion Assist Type (PEPS)
Market Breakup by Component
Steering Rack/Column
Sensors
Electric Motor
Others
Market Breakup by Vehicle Type
Passenger Car
Commercial Vehicle
Market Breakup by Sales Channel
Original Equipment Manufacturer (OEM)
Aftermarket
Competitive Landscape
Market players are capitalising on the growing demand for advanced power-driven steering systems, coupled with regulations and initiatives towards decarbonisation.
Mitsubishi Electric Corporation
Denso Corporation
Knorr-Bremse AG
thyssenkrupp AG
ZF Friedrichshafen AG
Nexteer Automotive Corporation
Dowlais Group Plc (GKN Automotive Ltd.)
NSK Ltd.
GENERAL RICAMBI S.P.A
Others
Table of Contents
106 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Europe Electric Power Steering Market Overview
- 5.1 Key Industry Highlights
- 5.2 Europe Electric Power Steering Historical Market (2018-2024)
- 5.3 Europe Electric Power Steering Market Forecast (2025-2034)
- 6 Italy Electric Power Steering Market Overview
- 6.1 Key Industry Highlights
- 6.2 Italy Electric Power Steering Historical Market (2018-2024)
- 6.3 Italy Electric Power Steering Market Forecast (2025-2034)
- 7 Italy Electric Power Steering Market by Product Type
- 7.1 Rack Assist Type (REPS)
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Column Assist Type (CEPS)
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Pinion Assist Type (PEPS)
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 8 Italy Electric Power Steering Market by Component
- 8.1 Steering Rack/Column
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Sensors
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Electric Motor
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Others
- 9 Italy Electric Power Steering Market by Vehicle Type
- 9.1 Passenger Car
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Commercial Vehicle
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 10 Italy Electric Power Steering Market by Sales Channel
- 10.1 Original Equipment Manufacturer (OEM)
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Aftermarket
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators for Demand
- 11.4 Key Indicators for Price
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 Mitsubishi Electric Corporation
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 Denso Corporation
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 Knorr-Bremse AG
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 thyssenkrupp AG
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 ZF Friedrichshafen AG
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 Nexteer Automotive Corporation
- 12.5.6.1 Company Overview
- 12.5.6.2 Product Portfolio
- 12.5.6.3 Demographic Reach and Achievements
- 12.5.6.4 Certifications
- 12.5.7 Dowlais Group Plc (GKN Automotive Ltd.)
- 12.5.7.1 Company Overview
- 12.5.7.2 Product Portfolio
- 12.5.7.3 Demographic Reach and Achievements
- 12.5.7.4 Certifications
- 12.5.8 NSK Ltd.
- 12.5.8.1 Company Overview
- 12.5.8.2 Product Portfolio
- 12.5.8.3 Demographic Reach and Achievements
- 12.5.8.4 Certifications
- 12.5.9 GENERAL RICAMBI S.P.A
- 12.5.9.1 Company Overview
- 12.5.9.2 Product Portfolio
- 12.5.9.3 Demographic Reach and Achievements
- 12.5.9.4 Certifications
- 12.5.10 Others
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