United States Electric Power Steering Market Report and Forecast 2025-2034

Published May 30, 2025

Length 133 Pages

SKU # EMAR20079508

Description

The United States electric power steering market size reached USD 5.51 Billion in 2024. The market is expected to grow at a CAGR of 3.90% between 2025 and 2034, reaching almost USD 8.08 Billion by 2034.

The United States electric power steering market has undergone significant growth, reflecting the automotive industry's evolution towards more advanced technologies. EPS has emerged as a key feature in modern vehicles, replacing traditional hydraulic systems due to its numerous benefits, including improved fuel efficiency, enhanced safety, and seamless integration with Advanced Driver Assistance Systems (ADAS).

A notable trend shaping this market is the integration of EPS with ADAS features like lane-keeping assist and adaptive cruise control, facilitating semi-autonomous driving capabilities and bolstering vehicle safety. The push towards electric and hybrid vehicles has further propelled the demand for EPS, with these systems offering energy-efficient solutions that contribute to vehicle efficiency and performance.

As the automotive industry prioritises eco-friendly practices, EPS aligns well with this trend. EPS systems are lighter and more energy-efficient than hydraulic systems, contributing to reduced emissions and fuel consumption. The rising adoption of electric and hybrid vehicles, which heavily rely on EPS for energy-saving attributes, underscores the growing importance of advanced EPS technology.

Safety features and driver assistance systems are also driving EPS adoption. EPS enables precise steering control, supporting advanced driver assistance functionalities and improving vehicle stability. Government regulations focused on reducing fuel consumption and emissions have further accelerated the adoption of EPS systems among automakers striving to meet stringent standards.

Consumer preferences for smooth and responsive steering experiences have also fuelled the demand for EPS. Variable steering assistance and quieter operation enhance driving comfort, addressing key concerns of modern drivers.

Innovation within the EPS market, including advancements in materials, electronic sensors, and software algorithms, continues to enhance steering efficiency and safety. These developments underscore how EPS technology is advancing automotive innovation, offering cleaner, more efficient, and safer transportation solutions in the United States while supporting the United States electric power steering market development.

Market Segmentation

United States 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

Market Breakup by Region

New England
Mideast
Great Lakes
Plains
Southeast
Southwest
Rocky Mountain
Far West

Competitive Landscape

One of the main strategies used by manufacturers in the market to benefit customers and gain market share is local manufacturing to reduce operating expenses.
Mitsubishi Electric Corporation
Robert Bosch GmbH
Denso Corporation
JTEKT Corporation
NSK Ltd.
thyssenkrupp AG
ZF Friedrichshafen AG
Knorr-Bremse AG
Dowlais Group Plc (GKN Automotive Ltd.)
Nexteer Automotive Corporation
Others

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 North America Electric Power Steering Market Overview: 5.1 Key Industry Highlights; 5.2 North America Electric Power Steering Historical Market (2018-2024); 5.3 North America Electric Power Steering Market Forecast (2025-2034)
6 United States Electric Power Steering Market Overview: 6.1 Key Industry Highlights; 6.2 United States Electric Power Steering Historical Market (2018-2024); 6.3 United States Electric Power Steering Market Forecast (2025-2034)
7 United States 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 United States 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 United States 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 United States 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 United States Electric Power Steering Market by Region: 11.1 New England; 11.1.1 Historical Trend (2018-2024); 11.1.2 Forecast Trend (2025-2034); 11.2 Mideast; 11.2.1 Historical Trend (2018-2024); 11.2.2 Forecast Trend (2025-2034); 11.3 Great Lakes; 11.3.1 Historical Trend (2018-2024); 11.3.2 Forecast Trend (2025-2034); 11.4 Plains; 11.4.1 Historical Trend (2018-2024); 11.4.2 Forecast Trend (2025-2034); 11.5 Southeast; 11.5.1 Historical Trend (2018-2024); 11.5.2 Forecast Trend (2025-2034); 11.6 Southwest; 11.6.1 Historical Trend (2018-2024); 11.6.2 Forecast Trend (2025-2034); 11.7 Rocky Mountain; 11.7.1 Historical Trend (2018-2024); 11.7.2 Forecast Trend (2025-2034); 11.8 Far West; 11.8.1 Historical Trend (2018-2024); 11.8.2 Forecast Trend (2025-2034)
12 Market Dynamics: 12.1 SWOT Analysis; 12.1.1 Strengths; 12.1.2 Weaknesses; 12.1.3 Opportunities; 12.1.4 Threats; 12.2 Porter’s Five Forces Analysis; 12.2.1 Supplier’s Power; 12.2.2 Buyer’s Power; 12.2.3 Threat of New Entrants; 12.2.4 Degree of Rivalry; 12.2.5 Threat of Substitutes; 12.3 Key Indicators of Demand; 12.4 Key Indicators of Price
13 Competitive Landscape: 13.1 Supplier Selection; 13.2 Key Global Players; 13.3 Key Regional Players; 13.4 Key Player Strategies; 13.5 Company Profiles; 13.5.1 Mitsubishi Electric Corporation; 13.5.1.1 Company Overview; 13.5.1.2 Product Portfolio; 13.5.1.3 Demographic Reach and Achievements; 13.5.1.4 Certifications; 13.5.2 Robert Bosch GmbH; 13.5.2.1 Company Overview; 13.5.2.2 Product Portfolio; 13.5.2.3 Demographic Reach and Achievements; 13.5.2.4 Certifications; 13.5.3 Denso Corporation; 13.5.3.1 Company Overview; 13.5.3.2 Product Portfolio; 13.5.3.3 Demographic Reach and Achievements; 13.5.3.4 Certifications; 13.5.4 JTEKT Corporation; 13.5.4.1 Company Overview; 13.5.4.2 Product Portfolio; 13.5.4.3 Demographic Reach and Achievements; 13.5.4.4 Certifications; 13.5.5 NSK Ltd.; 13.5.5.1 Company Overview; 13.5.5.2 Product Portfolio; 13.5.5.3 Demographic Reach and Achievements; 13.5.5.4 Certifications; 13.5.6 thyssenkrupp AG; 13.5.6.1 Company Overview; 13.5.6.2 Product Portfolio; 13.5.6.3 Demographic Reach and Achievements; 13.5.6.4 Certifications; 13.5.7 ZF Friedrichshafen AG; 13.5.7.1 Company Overview; 13.5.7.2 Product Portfolio; 13.5.7.3 Demographic Reach and Achievements; 13.5.7.4 Certifications; 13.5.8 Knorr-Bremse AG; 13.5.8.1 Company Overview; 13.5.8.2 Product Portfolio; 13.5.8.3 Demographic Reach and Achievements; 13.5.8.4 Certifications; 13.5.9 Dowlais Group Plc (GKN Automotive Ltd.); 13.5.9.1 Company Overview; 13.5.9.2 Product Portfolio; 13.5.9.3 Demographic Reach and Achievements; 13.5.9.4 Certifications; 13.5.10 Nexteer Automotive Corporation; 13.5.10.1 Company Overview; 13.5.10.2 Product Portfolio; 13.5.10.3 Demographic Reach and Achievements; 13.5.10.4 Certifications; 13.5.11 Others

Pricing

Currency Rates

Single User Email from Publisher $3,599
Global Site License Email from Publisher $5,099

How Do Licenses Work?

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.

Chat Now