Industry: Automobile & Transportation
Published Date: 2026-03-09
Pages: 107 Pages
Report ld: 6071444
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Steering Systems and EPS Systems Market Size(US$)

CAGR 2026-2032
3.5%
Market Size,2032
USD 41,210
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
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.
The potential shifts in the 2025 U.S. tariff framework pose substantial volatility risks to global markets. This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Steering Systems and EPS Systems cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
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 American market for Steering Systems and EPS Systems was valued at US$ million in 2025 and is projected to reach US$ million by 2032, at a CAGR of % from 2026 to 2032.
The Asia-Pacific market for Steering Systems and EPS Systems was valued at $ million in 2025 and is projected to climb to US$ million by 2032, at a CAGR of % from 2026 to 2032.
The European market for Steering Systems and EPS Systems was valued at $ million in 2025 and is projected to total US$ million by 2032, at a CAGR of % from 2026 to 2032.
The global key companies in the Steering Systems and EPS Systems market include Bosch Group, JTEKT, ZF Friedrichshafen AG, thyssenkrupp, Nexteer, NSK Steering & Control, Inc, Yubei Steering Systems, China Automotive Systems, Mando, Hyundai Mobis, etc. In 2025, the five largest players accounted for approximately % of revenue.
This report provides a comprehensive view of the global market for Steering Systems and EPS Systems, covering total sales volume, sales revenue, pricing, the market share and ranking of key companies, along with analyses by region & country, by Type, and by Application.
The Steering Systems and EPS Systems market size, estimations, and forecasts are presented in terms of sales volume (M Units) and revenue ($ millions), with 2025 as the base year and historical and forecast data from 2021 to 2032. The report combines quantitative and qualitative analysis to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current marketplace, and make informed business decisions regarding Steering Systems and EPS Systems.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the scope of the report and the global market size (value, volume, and price). It also summarizes market dynamics and Recent Developments; identifies key drivers and restraints; outlines challenges and risks for manufacturers; reviews relevant industry policies and U.S. tariff implications.
Chapter 2: Provides a detailed analysis of the Steering Systems and EPS Systems manufacturers' competitive landscape—including pricing, sales and revenue shares, Recent Developments plans, and mergers and acquisitions (M&A).
Chapter 3: Analyzes market segmentation by Type, presenting the size and growth potential of each segment to help readers identify blue-ocean opportunities.
Chapter 4: Analyzes market segmentation by Application, presenting the size and growth potential of each downstream segment to help readers identify blue-ocean opportunities.
Chapter 5: Presents Steering Systems and EPS Systems sales and revenue at the regional level. It offers a quantitative assessment of market size and growth potential by region and summarizes market development, future prospects, addressable space, and country-level market size worldwide.
Chapter 6: Presents Steering Systems and EPS Systems sales and revenue at the country level. It provides segmented data by Type and by Application for each country/region.
Chapter 7: Profiles key players, detailing the main companies' product sales, revenue, pricing, gross margin, product portfolios, Recent Developments, etc.
Chapter 8: Analyzes the industry value chain, including upstream suppliers and downstream applications/customers.
Chapter 9: Conclusion.
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 Introduction
1.2 Global Steering Systems and EPS Systems Market Size Forecast
1.2.1 Global Steering Systems and EPS Systems Sales Value (2021–2032)
1.2.2 Global Steering Systems and EPS Systems Sales Volume (2021–2032)
1.2.3 Global Steering Systems and EPS Systems Sales Price (2021–2032)
1.3 Steering Systems and EPS Systems Market Trends & Drivers
1.3.1 Steering Systems and EPS Systems Industry Trends
1.3.2 Steering Systems and EPS Systems Market Drivers & Opportunities
1.3.3 Steering Systems and EPS Systems Market Challenges
1.3.4 Steering Systems and EPS Systems Market Restraints
1.3.5 Impact of U.S. Tariffs
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Steering Systems and EPS Systems Players Revenue Ranking (2025)
2.2 Global Steering Systems and EPS Systems Revenue by Company (2021–2026)
2.3 Global Steering Systems and EPS Systems Sales Volume Ranking of Players (2025)
2.4 Global Steering Systems and EPS Systems Sales Volume by Company (2021–2026)
2.5 Global Steering Systems and EPS Systems Average Price by Company (2021–2026)
2.6 Key Manufacturers Steering Systems and EPS Systems Manufacturing Base and Headquarters
2.7 Key Manufacturers Steering Systems and EPS Systems Product Offerings
2.8 Key Manufacturers Start of Mass Production of Steering Systems and EPS Systems
2.9 Steering Systems and EPS Systems Market Competitive Analysis
2.9.1 Steering Systems and EPS Systems Market Concentration Rate (2021–2026)
2.9.2 Global 5 and 10 Largest Manufacturers by Steering Systems and EPS Systems Revenue in 2025
2.9.3 Global Companies by Tier (Tier 1, Tier 2, Tier 3), based on Steering Systems and EPS Systems revenue, 2025
2.10 Mergers & Acquisitions and Expansion
3 Segmentation Steering Systems and EPS Systems Market Classification
3.1 Introduction by Type
3.1.1 EPS
3.1.2 EHPS
3.1.3 SBW
3.1.4 HPS
3.1.5 Global Steering Systems and EPS Systems Sales Value by Type
3.1.5.1 Global Steering Systems and EPS Systems Sales Value by Type (2021 vs 2025 vs 2032)
3.1.5.2 Global Steering Systems and EPS Systems Sales Value, by Type (2021–2032)
3.1.5.3 Global Steering Systems and EPS Systems Sales Value, by Type (%), 2021–2032
3.1.6 Global Steering Systems and EPS Systems Sales Volume by Type
3.1.6.1 Global Steering Systems and EPS Systems Sales Volume by Type (2021 vs 2025 vs 2032)
3.1.6.2 Global Steering Systems and EPS Systems Sales Volume, by Type (2021–2032)
3.1.6.3 Global Steering Systems and EPS Systems Sales Volume, by Type (%), 2021–2032
3.1.7 Global Steering Systems and EPS Systems Average Price by Type (2021–2032)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Passenger Cars
4.1.2 Commercial Vehicles
4.2 Global Steering Systems and EPS Systems Sales Value by Application
4.2.1 Global Steering Systems and EPS Systems Sales Value by Application (2021 vs 2025 vs 2032)
4.2.2 Global Steering Systems and EPS Systems Sales Value, by Application (2021–2032)
4.2.3 Global Steering Systems and EPS Systems Sales Value, by Application (%), 2021–2032
4.3 Global Steering Systems and EPS Systems Sales Volume by Application
4.3.1 Global Steering Systems and EPS Systems Sales Volume by Application (2021 vs 2025 vs 2032)
4.3.2 Global Steering Systems and EPS Systems Sales Volume, by Application (2021–2032)
4.3.3 Global Steering Systems and EPS Systems Sales Volume, by Application (%), 2021–2032
4.4 Global Steering Systems and EPS Systems Average Price by Application (2021–2032)
5 Segmentation by Region
5.1 Global Steering Systems and EPS Systems Sales Value by Region
5.1.1 Global Steering Systems and EPS Systems Sales Value by Region: 2021 vs 2025 vs 2032
5.1.2 Global Steering Systems and EPS Systems Sales Value by Region (2021–2026)
5.1.3 Global Steering Systems and EPS Systems Sales Value by Region (2027–2032)
5.1.4 Global Steering Systems and EPS Systems Sales Value by Region (%), 2021–2032
5.2 Global Steering Systems and EPS Systems Sales Volume by Region
5.2.1 Global Steering Systems and EPS Systems Sales Volume by Region: 2021 vs 2025 vs 2032
5.2.2 Global Steering Systems and EPS Systems Sales Volume by Region (2021–2026)
5.2.3 Global Steering Systems and EPS Systems Sales Volume by Region (2027–2032)
5.2.4 Global Steering Systems and EPS Systems Sales Volume by Region (%), 2021–2032
5.3 Global Steering Systems and EPS Systems Average Price by Region (2021–2032)
5.4 North America
5.4.1 North America Steering Systems and EPS Systems Sales Value, 2021–2032
5.4.2 North America Steering Systems and EPS Systems Sales Value by Country (%), 2025 vs 2032
5.5 Europe
5.5.1 Europe Steering Systems and EPS Systems Sales Value, 2021–2032
5.5.2 Europe Steering Systems and EPS Systems Sales Value by Country (%), 2025 vs 2032
5.6 Asia Pacific
5.6.1 Asia Pacific Steering Systems and EPS Systems Sales Value, 2021–2032
5.6.2 Asia Pacific Steering Systems and EPS Systems Sales Value by Region (%), 2025 vs 2032
5.7 South America
5.7.1 South America Steering Systems and EPS Systems Sales Value, 2021–2032
5.7.2 South America Steering Systems and EPS Systems Sales Value by Country (%), 2025 vs 2032
5.8 Middle East & Africa
5.8.1 Middle East & Africa Steering Systems and EPS Systems Sales Value, 2021–2032
5.8.2 Middle East & Africa Steering Systems and EPS Systems Sales Value by Country (%), 2025 vs 2032
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Steering Systems and EPS Systems Sales Value Growth Trends, 2021 vs 2025 vs 2032
6.2 Key Countries/Regions Steering Systems and EPS Systems Sales Value and Sales Volume
6.2.1 Key Countries/Regions Steering Systems and EPS Systems Sales Value, 2021–2032
6.2.2 Key Countries/Regions Steering Systems and EPS Systems Sales Volume, 2021–2032
6.3 United States
6.3.1 United States Steering Systems and EPS Systems Sales Value, 2021–2032
6.3.2 United States Steering Systems and EPS Systems Sales Value by Type (%), 2025 vs 2032
6.3.3 United States Steering Systems and EPS Systems Sales Value by Application, 2025 vs 2032
6.4 Europe
6.4.1 Europe Steering Systems and EPS Systems Sales Value, 2021–2032
6.4.2 Europe Steering Systems and EPS Systems Sales Value by Type (%), 2025 vs 2032
6.4.3 Europe Steering Systems and EPS Systems Sales Value by Application, 2025 vs 2032
6.5 China
6.5.1 China Steering Systems and EPS Systems Sales Value, 2021–2032
6.5.2 China Steering Systems and EPS Systems Sales Value by Type (%), 2025 vs 2032
6.5.3 China Steering Systems and EPS Systems Sales Value by Application, 2025 vs 2032
6.6 Japan
6.6.1 Japan Steering Systems and EPS Systems Sales Value, 2021–2032
6.6.2 Japan Steering Systems and EPS Systems Sales Value by Type (%), 2025 vs 2032
6.6.3 Japan Steering Systems and EPS Systems Sales Value by Application, 2025 vs 2032
6.7 South Korea
6.7.1 South Korea Steering Systems and EPS Systems Sales Value, 2021–2032
6.7.2 South Korea Steering Systems and EPS Systems Sales Value by Type (%), 2025 vs 2032
6.7.3 South Korea Steering Systems and EPS Systems Sales Value by Application, 2025 vs 2032
6.8 Southeast Asia
6.8.1 Southeast Asia Steering Systems and EPS Systems Sales Value, 2021–2032
6.8.2 Southeast Asia Steering Systems and EPS Systems Sales Value by Type (%), 2025 vs 2032
6.8.3 Southeast Asia Steering Systems and EPS Systems Sales Value by Application, 2025 vs 2032
6.9 India
6.9.1 India Steering Systems and EPS Systems Sales Value, 2021–2032
6.9.2 India Steering Systems and EPS Systems Sales Value by Type (%), 2025 vs 2032
6.9.3 India Steering Systems and EPS Systems Sales Value by Application, 2025 vs 2032
7 Company Profiles
7.1 Bosch Group
7.1.1 Bosch Group Company Information
7.1.2 Bosch Group Introduction and Business Overview
7.1.3 Bosch Group Steering Systems and EPS Systems Sales, Revenue, Price and Gross Margin (2021–2026)
7.1.4 Bosch Group Steering Systems and EPS Systems Product Offerings
7.1.5 Bosch Group Recent Developments
7.2 JTEKT
7.2.1 JTEKT Company Information
7.2.2 JTEKT Introduction and Business Overview
7.2.3 JTEKT Steering Systems and EPS Systems Sales, Revenue, Price and Gross Margin (2021–2026)
7.2.4 JTEKT Steering Systems and EPS Systems Product Offerings
7.2.5 JTEKT Recent Developments
7.3 ZF Friedrichshafen AG
7.3.1 ZF Friedrichshafen AG Company Information
7.3.2 ZF Friedrichshafen AG Introduction and Business Overview
7.3.3 ZF Friedrichshafen AG Steering Systems and EPS Systems Sales, Revenue, Price and Gross Margin (2021–2026)
7.3.4 ZF Friedrichshafen AG Steering Systems and EPS Systems Product Offerings
7.3.5 ZF Friedrichshafen AG Recent Developments
7.4 thyssenkrupp
7.4.1 thyssenkrupp Company Information
7.4.2 thyssenkrupp Introduction and Business Overview
7.4.3 thyssenkrupp Steering Systems and EPS Systems Sales, Revenue, Price and Gross Margin (2021–2026)
7.4.4 thyssenkrupp Steering Systems and EPS Systems Product Offerings
7.4.5 thyssenkrupp Recent Developments
7.5 Nexteer
7.5.1 Nexteer Company Information
7.5.2 Nexteer Introduction and Business Overview
7.5.3 Nexteer Steering Systems and EPS Systems Sales, Revenue, Price and Gross Margin (2021–2026)
7.5.4 Nexteer Steering Systems and EPS Systems Product Offerings
7.5.5 Nexteer Recent Developments
7.6 NSK Steering & Control, Inc
7.6.1 NSK Steering & Control, Inc Company Information
7.6.2 NSK Steering & Control, Inc Introduction and Business Overview
7.6.3 NSK Steering & Control, Inc Steering Systems and EPS Systems Sales, Revenue, Price and Gross Margin (2021–2026)
7.6.4 NSK Steering & Control, Inc Steering Systems and EPS Systems Product Offerings
7.6.5 NSK Steering & Control, Inc Recent Developments
7.7 Yubei Steering Systems
7.7.1 Yubei Steering Systems Company Information
7.7.2 Yubei Steering Systems Introduction and Business Overview
7.7.3 Yubei Steering Systems Steering Systems and EPS Systems Sales, Revenue, Price and Gross Margin (2021–2026)
7.7.4 Yubei Steering Systems Steering Systems and EPS Systems Product Offerings
7.7.5 Yubei Steering Systems Recent Developments
7.8 China Automotive Systems
7.8.1 China Automotive Systems Company Information
7.8.2 China Automotive Systems Introduction and Business Overview
7.8.3 China Automotive Systems Steering Systems and EPS Systems Sales, Revenue, Price and Gross Margin (2021–2026)
7.8.4 China Automotive Systems Steering Systems and EPS Systems Product Offerings
7.8.5 China Automotive Systems Recent Developments
7.9 Mando
7.9.1 Mando Company Information
7.9.2 Mando Introduction and Business Overview
7.9.3 Mando Steering Systems and EPS Systems Sales, Revenue, Price and Gross Margin (2021–2026)
7.9.4 Mando Steering Systems and EPS Systems Product Offerings
7.9.5 Mando Recent Developments
7.10 Hyundai Mobis
7.10.1 Hyundai Mobis Company Information
7.10.2 Hyundai Mobis Introduction and Business Overview
7.10.3 Hyundai Mobis Steering Systems and EPS Systems Sales, Revenue, Price and Gross Margin (2021–2026)
7.10.4 Hyundai Mobis Steering Systems and EPS Systems Product Offerings
7.10.5 Hyundai Mobis Recent Developments
8 Industry Chain Analysis
8.1 Steering Systems and EPS Systems Industrial Chain
8.2 Steering Systems and EPS Systems Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Key Suppliers of Raw Materials
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customer Analysis)
8.5 Sales Model and Sales Channelss
8.5.1 Steering Systems and EPS Systems Sales Model
8.5.2 Sales Channels
8.5.3 Steering Systems and EPS Systems Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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Published: 2026-03-11
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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