Italy Electric Power Steering Market Report and Forecast 2025-2034
Market Report I 2025-05-29 I 106 Pages I EMR Inc.
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
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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