Industry: Automobile & Transportation
Published Date: 2025-04-23
Pages: 76 Pages
Report ld: 4716224
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Steering Systems and EPS Systems Market Size(US$)

CAGR 2025-2031
3.5%
Market Size,2031
USD 39,950
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global Steering Systems and EPS Systems market size was US$ 30500 million in 2024 and is forecast to a readjusted size of US$ 39950 million by 2031 with a CAGR of 3.5% during the forecast period 2025-2031.
When the car is driving, the driver manipulates the steering wheel, which, through a set of transmission mechanisms, makes the steering wheel deflect a certain angle on the road surface to change its driving direction, ensuring the normal and stable driving of the car. A set of mechanisms (devices) that can deflect the steering wheel to achieve the steering of the car and change or maintain the driving or reverse direction of the car is called the car steering system. At present, the car steering system is mainly based on the EPS system, and the wire control system may flourish in the future.
The North America Steering Systems and EPS Systems market size was US$ million in 2024, while Europe was US$ million. The proportion of the North America was % in 2024, while Europe percentage was %, and it is predicted that Europe share will reach % in 2031, trailing a CAGR of % through the analysis period.
The global key manufacturers of Steering Systems and EPS Systems include Bosch Group, JTEKT, ZF Friedrichshafen AG, thyssenkrupp, Nexteer, NSK Steering & Control, Inc, Yubei Steering Systems, China Automotive Systems, Mando, Hyundai Mobis, etc. In 2024, the global top five players occupied for a share approximately % in terms of revenue.
In North America, in terms of sales volume, in 2024, the top three players hold a share about %, while in Europe, top three players hold a share nearly %.
The global Steering Systems and EPS Systems market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2020-2031.
By 2025, the evolving U.S. tariff policy is poised to inject considerable uncertainty into the global economic landscape. This report delves into the latest U.S. tariff measures and the corresponding policy responses across the globe, evaluating their impacts on Steering Systems and EPS Systems market competitiveness, regional economic performance, and supply chain configurations.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of Steering Systems and EPS Systems market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., EHPS in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Commercial Vehicles in India).
Chapter 6: Regional sales and revenue breakdown by company, type, application and customer.
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
WHY THIS REPORT
Beyond standard market data, this analysis provides a clear profitability roadmap, empowering you to:
This is not just another market study. By fusing global trend analysis with hyper-local operational intelligence, we deliver:
- Risk-Controlled Market Entry: Navigate regulatory complexities in focus markets (e.g., China’s policies).
- Product Portfolio Optimization: Align offerings with regional preferences (e.g., EPS dominance in Europe vs. EHPS demand in MEA).
- Competitor Counterstrategies: Decode player tactics in fragmented vs. consolidated markets.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Market Overview
1.1 Steering Systems and EPS Systems Product Scope
1.2 Steering Systems and EPS Systems by Type
1.2.1 Global Steering Systems and EPS Systems Sales by Type (2020 & 2024 & 2031)
1.2.2 EPS
1.2.3 EHPS
1.2.4 SBW
1.2.5 HPS
1.3 Steering Systems and EPS Systems by Application
1.3.1 Global Steering Systems and EPS Systems Sales Comparison by Application (2020 & 2024 & 2031)
1.3.2 Passenger Cars
1.3.3 Commercial Vehicles
1.4 Global Steering Systems and EPS Systems Market Estimates and Forecasts (2020-2031)
1.4.1 Global Steering Systems and EPS Systems Market Size in Value Growth Rate (2020-2031)
1.4.2 Global Steering Systems and EPS Systems Market Size in Volume Growth Rate (2020-2031)
1.4.3 Global Steering Systems and EPS Systems Price Trends (2020-2031)
1.5 Assumptions and Limitations
2 Market Size and Prospective by Region
2.1 Global Steering Systems and EPS Systems Market Size by Region: 2020 VS 2024 VS 2031
2.2 Global Steering Systems and EPS Systems Retrospective Market Scenario by Region (2020-2025)
2.2.1 Global Steering Systems and EPS Systems Sales Market Share by Region (2020-2025)
2.2.2 Global Steering Systems and EPS Systems Revenue Market Share by Region (2020-2025)
2.3 Global Steering Systems and EPS Systems Market Estimates and Forecasts by Region (2026-2031)
2.3.1 Global Steering Systems and EPS Systems Sales Estimates and Forecasts by Region (2026-2031)
2.3.2 Global Steering Systems and EPS Systems Revenue Forecast by Region (2026-2031)
2.4 Major Region and Emerging Market Analysis
2.4.1 North America Steering Systems and EPS Systems Market Size and Prospective (2020-2031)
2.4.2 Europe Steering Systems and EPS Systems Market Size and Prospective (2020-2031)
2.4.3 China Steering Systems and EPS Systems Market Size and Prospective (2020-2031)
2.4.4 Japan Steering Systems and EPS Systems Market Size and Prospective (2020-2031)
2.4.5 South Korea Steering Systems and EPS Systems Market Size and Prospective (2020-2031)
2.4.6 India Steering Systems and EPS Systems Market Size and Prospective (2020-2031)
3 Global Market Size by Type
3.1 Global Steering Systems and EPS Systems Historic Market Review by Type (2020-2025)
3.1.1 Global Steering Systems and EPS Systems Sales by Type (2020-2025)
3.1.2 Global Steering Systems and EPS Systems Revenue by Type (2020-2025)
3.1.3 Global Steering Systems and EPS Systems Price by Type (2020-2025)
3.2 Global Steering Systems and EPS Systems Market Estimates and Forecasts by Type (2026-2031)
3.2.1 Global Steering Systems and EPS Systems Sales Forecast by Type (2026-2031)
3.2.2 Global Steering Systems and EPS Systems Revenue Forecast by Type (2026-2031)
3.2.3 Global Steering Systems and EPS Systems Price Forecast by Type (2026-2031)
3.3 Different Types Steering Systems and EPS Systems Representative Players
4 Global Market Size by Application
4.1 Global Steering Systems and EPS Systems Historic Market Review by Application (2020-2025)
4.1.1 Global Steering Systems and EPS Systems Sales by Application (2020-2025)
4.1.2 Global Steering Systems and EPS Systems Revenue by Application (2020-2025)
4.1.3 Global Steering Systems and EPS Systems Price by Application (2020-2025)
4.2 Global Steering Systems and EPS Systems Market Estimates and Forecasts by Application (2026-2031)
4.2.1 Global Steering Systems and EPS Systems Sales Forecast by Application (2026-2031)
4.2.2 Global Steering Systems and EPS Systems Revenue Forecast by Application (2026-2031)
4.2.3 Global Steering Systems and EPS Systems Price Forecast by Application (2026-2031)
4.3 New Sources of Growth in Steering Systems and EPS Systems Application
5 Competition Landscape by Players
5.1 Global Steering Systems and EPS Systems Sales by Players (2020-2025)
5.2 Global Top Steering Systems and EPS Systems Players by Revenue (2020-2025)
5.3 Global Steering Systems and EPS Systems Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Steering Systems and EPS Systems as of 2024)
5.4 Global Steering Systems and EPS Systems Average Price by Company (2020-2025)
5.5 Global Key Manufacturers of Steering Systems and EPS Systems, Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of Steering Systems and EPS Systems, Product Type & Application
5.7 Global Key Manufacturers of Steering Systems and EPS Systems, Date of Enter into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 North America Market: Players, Segments, Downstream and Major Customers
6.1.1 North America Steering Systems and EPS Systems Sales by Company
6.1.1.1 North America Steering Systems and EPS Systems Sales by Company (2020-2025)
6.1.1.2 North America Steering Systems and EPS Systems Revenue by Company (2020-2025)
6.1.2 North America Steering Systems and EPS Systems Sales Breakdown by Type (2020-2025)
6.1.3 North America Steering Systems and EPS Systems Sales Breakdown by Application (2020-2025)
6.1.4 North America Steering Systems and EPS Systems Major Customer
6.1.5 North America Market Trend and Opportunities
6.2 Europe Market: Players, Segments, Downstream and Major Customers
6.2.1 Europe Steering Systems and EPS Systems Sales by Company
6.2.1.1 Europe Steering Systems and EPS Systems Sales by Company (2020-2025)
6.2.1.2 Europe Steering Systems and EPS Systems Revenue by Company (2020-2025)
6.2.2 Europe Steering Systems and EPS Systems Sales Breakdown by Type (2020-2025)
6.2.3 Europe Steering Systems and EPS Systems Sales Breakdown by Application (2020-2025)
6.2.4 Europe Steering Systems and EPS Systems Major Customer
6.2.5 Europe Market Trend and Opportunities
6.3 China Market: Players, Segments, Downstream and Major Customers
6.3.1 China Steering Systems and EPS Systems Sales by Company
6.3.1.1 China Steering Systems and EPS Systems Sales by Company (2020-2025)
6.3.1.2 China Steering Systems and EPS Systems Revenue by Company (2020-2025)
6.3.2 China Steering Systems and EPS Systems Sales Breakdown by Type (2020-2025)
6.3.3 China Steering Systems and EPS Systems Sales Breakdown by Application (2020-2025)
6.3.4 China Steering Systems and EPS Systems Major Customer
6.3.5 China Market Trend and Opportunities
6.4 Japan Market: Players, Segments, Downstream and Major Customers
6.4.1 Japan Steering Systems and EPS Systems Sales by Company
6.4.1.1 Japan Steering Systems and EPS Systems Sales by Company (2020-2025)
6.4.1.2 Japan Steering Systems and EPS Systems Revenue by Company (2020-2025)
6.4.2 Japan Steering Systems and EPS Systems Sales Breakdown by Type (2020-2025)
6.4.3 Japan Steering Systems and EPS Systems Sales Breakdown by Application (2020-2025)
6.4.4 Japan Steering Systems and EPS Systems Major Customer
6.4.5 Japan Market Trend and Opportunities
6.5 South Korea Market: Players, Segments, Downstream and Major Customers
6.5.1 South Korea Steering Systems and EPS Systems Sales by Company
6.5.1.1 South Korea Steering Systems and EPS Systems Sales by Company (2020-2025)
6.5.1.2 South Korea Steering Systems and EPS Systems Revenue by Company (2020-2025)
6.5.2 South Korea Steering Systems and EPS Systems Sales Breakdown by Type (2020-2025)
6.5.3 South Korea Steering Systems and EPS Systems Sales Breakdown by Application (2020-2025)
6.5.4 South Korea Steering Systems and EPS Systems Major Customer
6.5.5 South Korea Market Trend and Opportunities
6.6 India Market: Players, Segments, Downstream and Major Customers
6.6.1 India Steering Systems and EPS Systems Sales by Company
6.6.1.1 India Steering Systems and EPS Systems Sales by Company (2020-2025)
6.6.1.2 India Steering Systems and EPS Systems Revenue by Company (2020-2025)
6.6.2 India Steering Systems and EPS Systems Sales Breakdown by Type (2020-2025)
6.6.3 India Steering Systems and EPS Systems Sales Breakdown by Application (2020-2025)
6.6.4 India Steering Systems and EPS Systems Major Customer
6.6.5 India Market Trend and Opportunities
7 Company Profiles and Key Figures
7.1 Bosch Group
7.1.1 Bosch Group Company Information
7.1.2 Bosch Group Business Overview
7.1.3 Bosch Group Steering Systems and EPS Systems Sales, Revenue and Gross Margin (2020-2025)
7.1.4 Bosch Group Steering Systems and EPS Systems Products Offered
7.1.5 Bosch Group Recent Development
7.2 JTEKT
7.2.1 JTEKT Company Information
7.2.2 JTEKT Business Overview
7.2.3 JTEKT Steering Systems and EPS Systems Sales, Revenue and Gross Margin (2020-2025)
7.2.4 JTEKT Steering Systems and EPS Systems Products Offered
7.2.5 JTEKT Recent Development
7.3 ZF Friedrichshafen AG
7.3.1 ZF Friedrichshafen AG Company Information
7.3.2 ZF Friedrichshafen AG Business Overview
7.3.3 ZF Friedrichshafen AG Steering Systems and EPS Systems Sales, Revenue and Gross Margin (2020-2025)
7.3.4 ZF Friedrichshafen AG Steering Systems and EPS Systems Products Offered
7.3.5 ZF Friedrichshafen AG Recent Development
7.4 thyssenkrupp
7.4.1 thyssenkrupp Company Information
7.4.2 thyssenkrupp Business Overview
7.4.3 thyssenkrupp Steering Systems and EPS Systems Sales, Revenue and Gross Margin (2020-2025)
7.4.4 thyssenkrupp Steering Systems and EPS Systems Products Offered
7.4.5 thyssenkrupp Recent Development
7.5 Nexteer
7.5.1 Nexteer Company Information
7.5.2 Nexteer Business Overview
7.5.3 Nexteer Steering Systems and EPS Systems Sales, Revenue and Gross Margin (2020-2025)
7.5.4 Nexteer Steering Systems and EPS Systems Products Offered
7.5.5 Nexteer Recent Development
7.6 NSK Steering & Control, Inc
7.6.1 NSK Steering & Control, Inc Company Information
7.6.2 NSK Steering & Control, Inc Business Overview
7.6.3 NSK Steering & Control, Inc Steering Systems and EPS Systems Sales, Revenue and Gross Margin (2020-2025)
7.6.4 NSK Steering & Control, Inc Steering Systems and EPS Systems Products Offered
7.6.5 NSK Steering & Control, Inc Recent Development
7.7 Yubei Steering Systems
7.7.1 Yubei Steering Systems Company Information
7.7.2 Yubei Steering Systems Business Overview
7.7.3 Yubei Steering Systems Steering Systems and EPS Systems Sales, Revenue and Gross Margin (2020-2025)
7.7.4 Yubei Steering Systems Steering Systems and EPS Systems Products Offered
7.7.5 Yubei Steering Systems Recent Development
7.8 China Automotive Systems
7.8.1 China Automotive Systems Company Information
7.8.2 China Automotive Systems Business Overview
7.8.3 China Automotive Systems Steering Systems and EPS Systems Sales, Revenue and Gross Margin (2020-2025)
7.8.4 China Automotive Systems Steering Systems and EPS Systems Products Offered
7.8.5 China Automotive Systems Recent Development
7.9 Mando
7.9.1 Mando Company Information
7.9.2 Mando Business Overview
7.9.3 Mando Steering Systems and EPS Systems Sales, Revenue and Gross Margin (2020-2025)
7.9.4 Mando Steering Systems and EPS Systems Products Offered
7.9.5 Mando Recent Development
7.10 Hyundai Mobis
7.10.1 Hyundai Mobis Company Information
7.10.2 Hyundai Mobis Business Overview
7.10.3 Hyundai Mobis Steering Systems and EPS Systems Sales, Revenue and Gross Margin (2020-2025)
7.10.4 Hyundai Mobis Steering Systems and EPS Systems Products Offered
7.10.5 Hyundai Mobis Recent Development
8 Steering Systems and EPS Systems Manufacturing Cost Analysis
8.1 Steering Systems and EPS Systems Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of Steering Systems and EPS Systems
8.4 Steering Systems and EPS Systems Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 Steering Systems and EPS Systems Distributors List
9.3 Steering Systems and EPS Systems Customers
10 Steering Systems and EPS Systems Market Dynamics
10.1 Steering Systems and EPS Systems Industry Trends
10.2 Steering Systems and EPS Systems Market Drivers
10.3 Steering Systems and EPS Systems Market Challenges
10.4 Steering Systems and EPS Systems Market Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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USD 3950.00
(Single User License)
The global Steering Systems and EPS Systems market is projected to grow from US$ 32500 million in 2025 to US$ 41210 million by 2032, at a CAGR of 3.5% (2026-2032), driven by critical product segments and diverse end‑use applications, while evolving U.S. tariff policies introduce trade‑cost volatility and supply‑chain uncertainty.
Published: 2026-03-11
Pages: 136
The global Steering Systems and EPS Systems market was valued at US$ 32500 million in 2025 and is anticipated to reach US$ 41210 million by 2032, at a CAGR of 3.5% from 2026 to 2032.
Published: 2026-03-11
Pages: 128
The global Steering Systems and EPS Systems market size was US$ 32500 million in 2025 and is forecast to reach a readjusted size of US$ 41210 million by 2032 with a CAGR of 3.5% during the forecast period 2026-2032.
Published: 2026-03-11
Pages: 79
The global market for Steering Systems and EPS Systems was estimated to be worth US$ 32500 million in 2025 and is projected to reach US$ 41210 million, growing at a CAGR of 3.5% from 2026 to 2032.
Published: 2026-03-09
Pages: 107
The global market for Steering Systems and EPS Systems was valued at US$ 30500 million in the year 2024 and is projected to reach a revised size of US$ 39950 million by 2031, growing at a CAGR of 3.5% during the forecast period.
Published: 2025-04-23
Pages: 94
The global Steering Systems and EPS Systems market is projected to grow from US$ 32500 million in 2025 to US$ 39950 million by 2031, at a Compound Annual Growth Rate (CAGR) of 3.5% during the forecast period.
Published: 2025-04-23
Pages: 147
The global market for Steering Systems and EPS Systems was estimated to be worth US$ 30500 million in 2024 and is forecast to a readjusted size of US$ 39950 million by 2031 with a CAGR of 3.5% during the forecast period 2025-2031.
Published: 2025-04-23
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
WHY THIS REPORT
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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