Europe Electric Power Steering Industry Expected to Reach @marketSize @valueUnit by 2033

Key Insights

The European electric power steering (EPS) market is experiencing robust growth, driven by the increasing demand for fuel-efficient vehicles and stringent emission regulations across the region. The market, currently valued in the billions (precise figures unavailable, but extrapolated from global market data and the provided CAGR suggests a figure in the high billions for 2025), is projected to maintain a healthy Compound Annual Growth Rate (CAGR) of 3.90% from 2025 to 2033. This growth is fueled by several key factors. The rising adoption of advanced driver-assistance systems (ADAS) and autonomous driving technologies necessitates the integration of precise and responsive steering systems, bolstering EPS demand. Furthermore, the growing popularity of electric and hybrid vehicles, which inherently require EPS, significantly contributes to market expansion. The segment breakdown reveals a strong preference for passenger car applications, followed by light commercial vehicles (LCVs), while the heavy vehicle segment shows promising albeit slower growth potential. The component-wise analysis indicates a substantial market share for steering wheels/columns, followed by sensors and steering motors; with "other components" representing a smaller, yet evolving, market niche. Leading players like JTEKT, Hyundai Mobis, and ZF Friedrichshafen are actively investing in research and development to enhance EPS technology, fostering competition and innovation within the market. Germany, France, and the UK remain key markets within Europe, driven by established automotive manufacturing hubs and a strong focus on environmental regulations.

However, the market faces certain restraints. The high initial investment costs associated with EPS technology can be a deterrent for some manufacturers, particularly in the heavy vehicle segment. Additionally, the complexity of EPS systems and the need for specialized maintenance could pose a challenge to the wider adoption of the technology. Despite these challenges, the long-term outlook for the European EPS market remains positive, with continuous technological advancements and supportive government policies further propelling its growth trajectory. The competitive landscape is characterized by both established automotive giants and specialized component manufacturers, leading to a dynamic environment of innovation and price competition. This dynamic market fosters the development of more efficient, robust, and feature-rich EPS systems, satisfying the evolving demands of the automotive industry.

Europe Electric Power Steering Industry: Market Report 2019-2033

This comprehensive report provides a detailed analysis of the Europe Electric Power Steering industry, offering invaluable insights for stakeholders, investors, and industry professionals. The study period covers 2019-2033, with 2025 as the base and estimated year. The report forecasts market trends from 2025-2033, analyzing historical data from 2019-2024. The report explores market dynamics, key players, technological advancements, and future growth opportunities within the €xx Million European electric power steering market.

Europe Electric Power Steering Industry Market Concentration & Dynamics

The European electric power steering market exhibits a moderately concentrated landscape, dominated by major players like Robert Bosch GmbH, ZF Friedrichshafen AG, Nexteer Automotive, and JTEKT Corporation, who collectively hold approximately xx% of the market share in 2025. However, the presence of numerous smaller, specialized companies fosters a dynamic competitive environment. Innovation is driven by continuous advancements in electric motor technology, sensor integration, and software algorithms for improved steering responsiveness and fuel efficiency. Stringent regulatory frameworks focused on vehicle safety and emissions contribute to industry growth by incentivizing the adoption of electric power steering systems. Substitute products are limited, mainly involving hydraulic power steering systems which are gradually declining. End-user trends toward enhanced vehicle safety, comfort, and fuel efficiency are strongly favoring EPS adoption. Mergers and acquisitions (M&A) activity in the sector has been moderate in recent years, with xx major deals recorded between 2019 and 2024, primarily focused on consolidating technological capabilities and expanding market reach.

• Market Concentration: Moderately concentrated, with top 4 players holding xx% market share (2025).
• Innovation Ecosystems: Focus on electric motor technology, sensor integration, and software algorithms.
• Regulatory Frameworks: Stringent safety and emission regulations drive adoption.
• Substitute Products: Limited, primarily hydraulic systems facing decline.
• End-User Trends: Emphasis on safety, comfort, and fuel efficiency.
• M&A Activity: xx major deals (2019-2024), focused on technology and market expansion.

Europe Electric Power Steering Industry Industry Insights & Trends

The European electric power steering market is experiencing robust growth, with a Compound Annual Growth Rate (CAGR) of xx% projected from 2025 to 2033. This growth is fueled by the increasing demand for electric and hybrid vehicles, stringent government regulations promoting fuel efficiency, and advancements in electric power steering technology leading to improved performance and reduced costs. The market size is estimated at €xx Million in 2025 and is projected to reach €xx Million by 2033. Technological disruptions, such as the integration of advanced driver-assistance systems (ADAS) and autonomous driving capabilities, are creating new opportunities for growth. Evolving consumer preferences towards safer, more efficient, and technologically advanced vehicles are also driving market expansion. The rising adoption of electric vehicles in Europe, coupled with stricter emission norms, is further bolstering the demand for electric power steering systems. The industry is also witnessing a shift towards more sophisticated and integrated systems, which offer enhanced features like adaptive steering and torque vectoring. This trend is likely to continue, driven by ongoing technological advancements and rising consumer expectations.

Key Markets & Segments Leading Europe Electric Power Steering Industry

Germany, France, and the United Kingdom are the leading markets within Europe, contributing significantly to the overall market size. The passenger car segment currently dominates the market, followed by light commercial vehicles (LCVs). However, the heavy vehicles segment is poised for significant growth due to increasing demand for fuel-efficient and technologically advanced commercial vehicles.

Dominant Segments:

• By Type: Column Type (largest market share), followed by Pinion Type and Dual Pinion Type.
• By Component Type: Steering Wheel/Column (largest share), followed by Sensors and Steering Motor. "Other Component Types" represents a smaller but growing market segment.
• By Vehicle Type: Passenger Cars currently dominate, followed by LCVs, with Heavy Vehicles showing strong growth potential.

Growth Drivers:

• Economic Growth: Strong economic conditions in key European markets stimulate demand.
• Infrastructure Development: Investment in transportation infrastructure supports market expansion.
• Government Regulations: Stringent emission and safety standards drive EPS adoption.
• Technological Advancements: Innovation in electric motor technology and sensor integration enhance product performance.

Europe Electric Power Steering Industry Product Developments

Recent product innovations focus on enhancing efficiency, integrating advanced driver-assistance systems (ADAS), and improving overall driving experience. Companies are investing in lighter, more compact systems, integrating advanced sensors for better feedback and responsiveness, and developing software for improved driver assistance features. These advancements offer significant competitive advantages by enhancing safety, fuel efficiency, and comfort. For example, ZF’s AxTrax 2 electric axle platform highlights the integration of EPS within broader electric vehicle architectures.

Challenges in the Europe Electric Power Steering Industry Market

The industry faces several challenges, including increasing raw material costs, supply chain disruptions potentially impacting component availability, and intense competition from established and emerging players. Regulatory hurdles related to safety and emissions compliance can increase development and production costs, while maintaining competitiveness against cheaper alternatives from regions with lower labor costs poses a significant challenge. These factors impact profitability and require strategic planning and cost optimization measures.

Forces Driving Europe Electric Power Steering Industry Growth

Several factors are driving the growth of the European electric power steering industry. The increasing adoption of electric and hybrid vehicles is a major driver. Stringent government regulations focused on fuel efficiency and emissions are also stimulating demand. Furthermore, technological advancements leading to improved product performance, reduced costs, and enhanced functionalities are boosting market expansion.

Challenges in the Europe Electric Power Steering Industry Market

Long-term growth will be fueled by continued innovation in electric motor technology, sensor integration, and software algorithms. Strategic partnerships and collaborations to develop advanced ADAS and autonomous driving features will also be key. Expanding into new markets, particularly in Eastern Europe and exploring new applications beyond automobiles (e.g., commercial vehicles and off-road equipment) will offer significant growth opportunities.

Emerging Opportunities in Europe Electric Power Steering Industry

Emerging opportunities lie in the integration of EPS with ADAS features, the development of advanced steering systems for autonomous vehicles, and expansion into new vehicle segments such as electric buses and commercial vehicles. Growing demand for improved fuel efficiency and enhanced driver assistance features presents considerable market potential. Exploring new materials and manufacturing processes to reduce costs and improve system performance represents a key opportunity for innovation and market leadership.

Leading Players in the Europe Electric Power Steering Industry Sector

• JTEKT Corporation
• Hyundai Mobis Co Ltd
• TRW Automotive
• Infineon Technologies
• GKN PLC
• NSK Ltd
• Hitachi Automotive Systems
• Mitsubishi Electric Corporation
• Mando Corporation
• Nexteer Automotive
• Robert Bosch GmbH
• ATS Automation Tooling Systems Inc
• Delphi Automotive Systems
• Thyssenkrupp Presta AG
• Hafei Industrial Group Automobile Redirector Obligate Co Ltd
• ZF Friedrichshafen AG

Key Milestones in Europe Electric Power Steering Industry Industry

• September 2022: Knorr-Bremse AG showcased its all-electric EPS steering system at IAA Transportation, highlighting its commitment to advanced safety technologies.
• May 2023: Infineon Technologies AG launched the OptiMOS 7 40V MOSFET family, enhancing electric power steering system efficiency.
• May 2023: ZF Friedrichshafen AG debuted its AxTrax 2 electric axle platform, including EPS technology, at ACT Expo 2023.
• June 2023: Bosch showcased its electric power steering systems at the Shanghai International Carbon Neutrality Expo 2023, emphasizing its commitment to sustainable mobility.

Strategic Outlook for Europe Electric Power Steering Industry Market

The future of the European electric power steering market is bright, driven by sustained technological advancements, rising demand for electric vehicles, and stringent environmental regulations. Strategic partnerships and collaborations are expected to increase, fostering innovation and accelerating market growth. Focus on lightweighting, enhanced integration with ADAS, and cost optimization will be key to maintaining competitiveness and achieving profitable growth. The market is poised for continued expansion, offering significant opportunities for companies willing to adapt and innovate.

Europe Electric Power Steering Industry Segmentation

• 1. Type
  • 1.1. Column Type
  • 1.2. Pinion Type
  • 1.3. Dual Pinion Type
• 2. Component Type
  • 2.1. Steering Wheel/Column
  • 2.2. Sensors
  • 2.3. Steering Motor
  • 2.4. Other Component Types
• 3. Vehicle Type
  • 3.1. Passenger Cars
  • 3.2. LCV
  • 3.3. Heavy Vehicles

Europe Electric Power Steering Industry Segmentation By Geography

• 1. Europe
  • 1.1. United Kingdom
  • 1.2. France
  • 1.3. Germany
  • 1.4. Italy
  • 1.5. Russia
  • 1.6. Rest of Europe