Global Rack-Assist Electric Power Steering (REPS) Systems for Passenger Vehicles Market Growth 2025-2031

The global Rack-Assist Electric Power Steering (REPS) Systems for Passenger Vehicles market size is predicted to grow from US$ 6188 million in 2025 to US$ 8735 million in 2031; it is expected to grow at a CAGR of 5.9% from 2025 to 2031.

The rack-assist electric power steering (REPS) system for passenger vehicles is a device designed to provide steering assistance. It primarily consists of an electric power motor, reduction gearing, an electronic control unit (ECU), sensors, and a steering rack. Relying on an electronic control system, it precisely controls the level of assistance based on information such as the vehicle's driving status and the driver's steering input. It can continuously adjust according to the steering conditions and driving status during actual driving, enhancing the driving experience. The system is highly integrated, which improves energy efficiency and allows for deep integration with the vehicle's intelligent or assisted driving systems.

United States market for Rack-Assist Electric Power Steering (REPS) Systems for Passenger Vehicles is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Rack-Assist Electric Power Steering (REPS) Systems for Passenger Vehicles is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Rack-Assist Electric Power Steering (REPS) Systems for Passenger Vehicles is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Rack-Assist Electric Power Steering (REPS) Systems for Passenger Vehicles players cover NEXTEER, JTEKT Corporation, Bosch Mobility, HL Mando Corp., ZF Friedrichshafen AG, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Rack-Assist Electric Power Steering (REPS) Systems for Passenger Vehicles Industry Forecast” looks at past sales and reviews total world Rack-Assist Electric Power Steering (REPS) Systems for Passenger Vehicles sales in 2024, providing a comprehensive analysis by region and market sector of projected Rack-Assist Electric Power Steering (REPS) Systems for Passenger Vehicles sales for 2025 through 2031. With Rack-Assist Electric Power Steering (REPS) Systems for Passenger Vehicles sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Rack-Assist Electric Power Steering (REPS) Systems for Passenger Vehicles industry.

This Insight Report provides a comprehensive analysis of the global Rack-Assist Electric Power Steering (REPS) Systems for Passenger Vehicles landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Rack-Assist Electric Power Steering (REPS) Systems for Passenger Vehicles portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Rack-Assist Electric Power Steering (REPS) Systems for Passenger Vehicles market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Rack-Assist Electric Power Steering (REPS) Systems for Passenger Vehicles and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Rack-Assist Electric Power Steering (REPS) Systems for Passenger Vehicles.

This report presents a comprehensive overview, market shares, and growth opportunities of Rack-Assist Electric Power Steering (REPS) Systems for Passenger Vehicles market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Redundant
Non-redundant

Segmentation by Application:
Fuel Vehicles
Electric Vehicles
Hybrid Vehicles

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
NEXTEER
JTEKT Corporation
Bosch Mobility
HL Mando Corp.
ZF Friedrichshafen AG
Honda Motor Co., Inc.
TRINOVA
Zhejiang Shibao Co., Ltd.
DECO
HIRAIN TEHNOLOGIES
Rulevye Systemy
LONGRUN STEERING
Shanghai OE Industrial Co., Ltd.
Yubei Steering System (Xinxiang) Co., Ltd.

Key Questions Addressed in this Report

What is the 10-year outlook for the global Rack-Assist Electric Power Steering (REPS) Systems for Passenger Vehicles market?

What factors are driving Rack-Assist Electric Power Steering (REPS) Systems for Passenger Vehicles market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Rack-Assist Electric Power Steering (REPS) Systems for Passenger Vehicles market opportunities vary by end market size?

How does Rack-Assist Electric Power Steering (REPS) Systems for Passenger Vehicles break out by Type, by Application?

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