United States Electric Power Steering Market Report and Forecast 2025-2034
Market Report I 2025-06-06 I 133 Pages I EMR Inc.
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
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