Identifying High-Growth Segments in the EPS Market: Revenue Forecast and Investment Opportunities, 2025–2032.

 

Overview Of Electric Power Steering (EPS) Market

The global Electric Power Steering (EPS) Market is undergoing a period of rapid transformation and growth, driven by key macro-trends in the automotive sector. EPS systems, which replace traditional hydraulic systems with an electric motor to assist steering, offer superior fuel efficiency, reduced complexity, and are critical enablers for modern vehicle technology.

The primary market catalyst is the monumental shift toward vehicle electrification. Electric vehicles (EVs) and hybrid vehicles strongly favor EPS due to its low energy consumption compared to conventional hydraulic setups, preserving battery range and overall efficiency.

 Furthermore, EPS is an indispensable foundational component for Advanced Driver Assistance Systems (ADAS). Features like Lane Keep Assist, Automated Parking, and Steer-by-Wire (LSI keyword) rely entirely on the precise, electronically controlled nature of EPS.

Get a Sample Report Electric Power Steering (EPS) Market Forecast @ https://www.databridgemarketresearch.com/request-a-sample?dbmr=global-electric-power-steering-market

Market Size and Data Forecast

The market is poised for significant expansion, reflecting the global automotive industry's commitment to smarter, greener, and safer vehicles.

Data Bridge Market Research forecasts that the global Electric Power Steering market will exhibit a strong Compound Annual Growth Rate (CAGR) of 7.77% during the forecast period of 2022 to 2029.

Near-Term Forecast: 2025 Projection

While the market value in 2024 varies by source, projecting the 7.77% CAGR suggests continuous upward trajectory. Based on typical market scaling, the market value is expected to show robust growth, with major components like the Steering Motor and Electronic Control Unit (ECU) segments showing high demand due to ADAS integration requirements. This strong CAGR confirms that the widespread OEM adoption of EPS across vehicle platforms is accelerating significantly by 2025.

Segmentation Insights

The EPS market is broadly segmented by Type, Component, and Vehicle Type, with different segments catering to various performance and cost requirements across the automotive spectrum.

Segmentation by Type:

1.    Column-Assist EPS (C-EPS): Dominates the market share due to its cost-effectiveness and ease of integration, making it ideal for compact and mid-sized passenger cars.

2.    Pinion-Assist EPS (P-EPS) and Rack-Assist EPS (R-EPS): These systems provide higher torque and greater precision, making them the preferred choice for performance vehicles, larger SUVs, and light commercial vehicles. R-EPS is also crucial for sophisticated automated driving functions.

Segmentation by Vehicle Type:

The Passenger Car segment holds the largest share, driven by consumer demand for comfort features and safety technologies. However, the adoption rate in Commercial Vehicles (Light and Heavy) is also accelerating rapidly as fleet operators seek fuel savings and improved driver ergonomics.

Do you have any specific queries or need any customized Electric Power Steering (EPS) Market Submit your inquiry here @ https://www.databridgemarketresearch.com/inquire-before-buying?dbmr=global-electric-power-steering-market

Key Players and Competitive Landscape

The EPS market is highly consolidated, dominated by Tier-1 automotive suppliers that command significant technological expertise and manufacturing scale. These companies are heavily investing in next-generation Steer-by-Wire systems to prepare for fully autonomous driving capabilities.

Key players driving innovation in this space include:

  • JTEKT Corporation (Japan)
  • Nexteer Automotive (U.S.)
  • ZF Friedrichshafen AG (Germany)
  • Robert Bosch GmbH (Germany)
  • Hyundai Mobis (South Korea)

Get A Buy Now Report Electric Power Steering (EPS) Market Forecast @ https://www.databridgemarketresearch.com/checkout/buy/global-electric-power-steering-market/compare-licence

outlook

The Electric Power Steering market is positioned not just for growth, but as a core technology enabling the future of mobility. With a strong projected CAGR of 7.77% through 2029 and accelerated adoption due to regulatory pressures on emissions and the mass integration of Steer-by-Wire and other driver assistance features, EPS is rapidly achieving near-total penetration of all new vehicle platforms. Manufacturers who can deliver cost-effective, high-performance C-EPS and R-EPS solutions are set to capitalize on this dynamic automotive transformation.

About Us:

Data Bridge is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

For More Reports:

Passive Electronic Components Market

Subscription Box Market

Load Break Switch Market 

Contact :                                                                                   

Data Bridge Market Research Private Ltd .

3665 Kingsway - Suite 300 Vancouver BC V5R 5W2 Canada

+1 614 591 3140 (US)

 

 

 

 

 

 

 

 

 

 

 

 

 

Comments

Post a Comment

Popular posts from this blog

Applications of Argan Oil in Food, Pharmaceuticals, and Personal Care

  The global Argan Oil Market is experiencing a significant boom, fueled by an escalating consumer demand for natural, organic, and high-performance ingredients across the beauty, personal care, and food industries. Argan oil, often referred to as "liquid gold," is a rare and precious oil extracted from the kernels of the Argan tree ( Argania spinosa ), native exclusively to Morocco. Renowned for its rich composition of Vitamin E, essential fatty acids (omega-6 and omega-9), and antioxidants, it offers remarkable benefits for skin, hair, and overall well-being.   This report provides a comprehensive overview of the market, highlights its key drivers, analyzes regional dynamics, discusses significant growth trends, and concludes with an outlook on its future prospects. Get A Free Sample Report@ https://www.snsinsider.com/sample-request/4681 Overview of the PR Argan Oil Market Argan oil is primarily categorized into two main types: cosmetic grade and culinary grade. Co...
Read more

How will regional markets like Asia Pacific and Japan influence the overall growth trajectory?

  The Thin Film Material Market encompasses a diverse range of materials deposited in layers typically ranging from nanometers to a few micrometers in thickness. These ultra-thin layers possess unique physical, chemical, and electrical properties that differ significantly from their bulk counterparts, making them indispensable across a multitude of high-tech applications.   Thin films are created using various deposition techniques, including Physical Vapor Deposition (PVD), Chemical Vapor Deposition (CVD), Atomic Layer Deposition (ALD), and spin coating. They are fundamental to the functionality of modern electronic devices, solar cells, optical coatings, sensors, and protective barriers, serving as the backbone for miniaturization, enhanced performance, and new technological frontiers. Get A Free Sample Report @ https://www.snsinsider.com/sample-request/3012 Key Drivers The robust growth of the Thin Film Material market is propelled by several critical factors. Firs...
Read more

Technological Advancements Boosting Aromatherapy Market

  A new market analysis reveals the global Aromatherapy Market is experiencing a significant and sustained period of growth, fueled by a rising consumer preference for holistic health and natural products. Valued at approximately USD 9.2 billion in 2024, the market is projected to reach over USD 15 billion by 2030, expanding at a robust compound annual growth rate (CAGR) of around 8.9% from 2025 to 2030.   This expansion is a direct result of increasing awareness of the therapeutic benefits of essential oils and a global shift away from synthetic alternatives. Get A Free Sample Report @ https://www.snsinsider.com/sample-request/4890 Overview and Key Drivers The market's momentum is attributed to several key drivers. Primarily, there is a growing global interest in self-care and mental well-being, with consumers actively seeking non-invasive and natural solutions for stress, anxiety, and sleep-related issues. Aromatherapy, with its use of plant-derived essential oils f...
Read more