Global Rack-assist Electric Power Steering Systems (REPS) for EV Market Growth 2025-2031
Description
The global Rack-assist Electric Power Steering Systems (REPS) for EV market size is predicted to grow from US$ 4926 million in 2025 to US$ 6871 million in 2031; it is expected to grow at a CAGR of 5.7% from 2025 to 2031.
The rack-assist electric power steering system (REPS) for EV primarily consists of an electric power-assisted motor, reduction gearing, an electronic control unit, sensors, and a steering rack. It precisely controls the level of power assistance based on factors such as speed and steering angle, and can continuously adjust according to the steering conditions and vehicle driving status during actual driving to enhance the driving experience. Compared to traditional hydraulic power steering systems, it significantly improves energy utilization efficiency, contributing to an increased driving range for electric vehicles. Additionally, the overall system structure is compact and easy to integrate.
United States market for Rack-assist Electric Power Steering Systems (REPS) for EV 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 Systems (REPS) for EV 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 Systems (REPS) for EV 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 Systems (REPS) for EV 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 Systems (REPS) for EV Industry Forecast” looks at past sales and reviews total world Rack-assist Electric Power Steering Systems (REPS) for EV sales in 2024, providing a comprehensive analysis by region and market sector of projected Rack-assist Electric Power Steering Systems (REPS) for EV sales for 2025 through 2031. With Rack-assist Electric Power Steering Systems (REPS) for EV 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 Systems (REPS) for EV industry.
This Insight Report provides a comprehensive analysis of the global Rack-assist Electric Power Steering Systems (REPS) for EV 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 Systems (REPS) for EV 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 Systems (REPS) for EV market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Rack-assist Electric Power Steering Systems (REPS) for EV 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 Systems (REPS) for EV.
This report presents a comprehensive overview, market shares, and growth opportunities of Rack-assist Electric Power Steering Systems (REPS) for EV market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Redundant
Non-redundant
Segmentation by Application:
BEV
PHEV
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 Systems (REPS) for EV market?
What factors are driving Rack-assist Electric Power Steering Systems (REPS) for EV 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 Systems (REPS) for EV market opportunities vary by end market size?
How does Rack-assist Electric Power Steering Systems (REPS) for EV break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The rack-assist electric power steering system (REPS) for EV primarily consists of an electric power-assisted motor, reduction gearing, an electronic control unit, sensors, and a steering rack. It precisely controls the level of power assistance based on factors such as speed and steering angle, and can continuously adjust according to the steering conditions and vehicle driving status during actual driving to enhance the driving experience. Compared to traditional hydraulic power steering systems, it significantly improves energy utilization efficiency, contributing to an increased driving range for electric vehicles. Additionally, the overall system structure is compact and easy to integrate.
United States market for Rack-assist Electric Power Steering Systems (REPS) for EV 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 Systems (REPS) for EV 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 Systems (REPS) for EV 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 Systems (REPS) for EV 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 Systems (REPS) for EV Industry Forecast” looks at past sales and reviews total world Rack-assist Electric Power Steering Systems (REPS) for EV sales in 2024, providing a comprehensive analysis by region and market sector of projected Rack-assist Electric Power Steering Systems (REPS) for EV sales for 2025 through 2031. With Rack-assist Electric Power Steering Systems (REPS) for EV 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 Systems (REPS) for EV industry.
This Insight Report provides a comprehensive analysis of the global Rack-assist Electric Power Steering Systems (REPS) for EV 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 Systems (REPS) for EV 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 Systems (REPS) for EV market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Rack-assist Electric Power Steering Systems (REPS) for EV 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 Systems (REPS) for EV.
This report presents a comprehensive overview, market shares, and growth opportunities of Rack-assist Electric Power Steering Systems (REPS) for EV market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Redundant
Non-redundant
Segmentation by Application:
BEV
PHEV
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 Systems (REPS) for EV market?
What factors are driving Rack-assist Electric Power Steering Systems (REPS) for EV 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 Systems (REPS) for EV market opportunities vary by end market size?
How does Rack-assist Electric Power Steering Systems (REPS) for EV break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
111 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Rack-assist Electric Power Steering Systems (REPS) for EV by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Rack-assist Electric Power Steering Systems (REPS) for EV by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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