The Electric Power Steering Motors Market is estimated to be valued at USD 5.6 billion in 2025 and is projected to reach USD 12.8 billion by 2035, registering a compound annual growth rate (CAGR) of 8.5% over the forecast period.
| Metric | Value |
|---|---|
| Electric Power Steering Motors Market Estimated Value in (2025 E) | USD 5.6 billion |
| Electric Power Steering Motors Market Forecast Value in (2035 F) | USD 12.8 billion |
| Forecast CAGR (2025 to 2035) | 8.5% |
The Electric Power Steering Motors market is witnessing significant growth driven by the increasing demand for advanced driver assistance systems and fuel-efficient vehicles. The future outlook for this market is shaped by the rapid adoption of electric vehicles and the growing emphasis on reducing carbon emissions across global automotive fleets. Technological advancements in motor efficiency and integration with intelligent steering systems are enhancing vehicle performance and driver comfort.
Increasing consumer preference for smooth, responsive steering solutions, coupled with stringent regulatory standards for vehicle safety and emission reduction, is further supporting market expansion. Moreover, investments by automakers in research and development to improve electric power steering system reliability and reduce manufacturing costs are paving the way for broader adoption.
Rising demand from emerging markets and the trend toward lightweight, energy-efficient vehicles are expected to create further opportunities As the automotive industry continues to shift toward electrification, electric power steering motors are anticipated to play a crucial role in improving overall vehicle efficiency, safety, and performance.
The electric power steering motors market is segmented by vehicle type, product type, sales channel, motor power, and geographic regions. By vehicle type, electric power steering motors market is divided into Passenger Cars, Light Commercial Vehicles (LVC), Heavy Commercial Vehicles (HCV), and Off-Highway Vehicles. In terms of product type, electric power steering motors market is classified into AC Motors and DC Motors. Based on sales channel, electric power steering motors market is segmented into Original Equipment Manufacturers (OEM) and Aftersales. By motor power, electric power steering motors market is segmented into 300 – 600 Watts, Less Than 300 Watts, and More Than 600 Watts. Regionally, the electric power steering motors industry is classified into North America, Latin America, Western Europe, Eastern Europe, Balkan & Baltic Countries, Russia & Belarus, Central Asia, East Asia, South Asia & Pacific, and the Middle East & Africa.
The passenger cars segment is projected to hold 45.00% of the Electric Power Steering Motors market revenue share in 2025, making it the leading vehicle type. This growth has been driven by the increasing production and sales of passenger cars, particularly in urban and developing regions, where demand for efficient and comfortable driving experiences is high.
The adoption of electric power steering motors in passenger vehicles enhances fuel efficiency, reduces maintenance requirements, and improves overall handling performance. The integration of these motors with advanced driver assistance systems provides superior vehicle control and contributes to safety improvements, which has further reinforced their adoption.
Additionally, the trend toward lightweight and energy-efficient passenger cars has accelerated the preference for electric power steering systems over traditional hydraulic solutions The widespread availability of technology and compatibility with multiple passenger car platforms have strengthened the segment’s dominant position in the market.
The AC motors product type segment is expected to capture 55.00% of the Electric Power Steering Motors market revenue share in 2025, establishing it as the leading product type. The growth of this segment is attributed to the efficiency, durability, and low maintenance requirements of AC motors, which make them suitable for high-performance steering applications.
AC motors provide precise torque control and reliable operation under varying driving conditions, supporting enhanced vehicle performance and safety. The increasing preference for energy-efficient steering solutions in both passenger and commercial vehicles has further driven the adoption of AC motors.
Moreover, AC motors are highly compatible with modern electric power steering architectures and can be easily integrated with intelligent vehicle control systems, making them a preferred choice for automakers The combination of performance advantages and cost-effectiveness has solidified the AC motors segment as the market leader.
The original equipment manufacturers (OEM) sales channel segment is anticipated to account for 60.00% of the Electric Power Steering Motors market revenue in 2025, making it the dominant distribution channel. The growth of this segment is driven by the direct integration of electric power steering motors during vehicle assembly, ensuring quality control, compatibility, and optimal performance.
OEM partnerships facilitate early adoption of advanced motor technologies and support customization to meet vehicle-specific requirements. Additionally, OEM channels provide reliability and warranty support, which strengthens customer confidence and drives further demand.
The rising focus on manufacturing high-quality, energy-efficient vehicles and adherence to safety standards has reinforced the role of OEMs as the primary sales channel Moreover, automakers’ strategic investments in in-house integration and close collaboration with motor suppliers have bolstered market penetration, consolidating the OEM segment’s leading position in the electric power steering motors market.
In the past few decades, the automotive industry has undergone several phases of improvements and modifications. During the past few years, auto manufacturers have been increasingly integrating electrical and electronics in their vehicles.
This trend has led to the development of electric power steering systems. Electric power steering systems enhance directional control and passenger safety while reducing engine loading and subsequently, improving fuel efficiency.
Electric power steering motors are used to replace the hydraulic actuation mechanism in power steering systems. Electric power steering motors can be classified as AC motors and DC motors. The AC motors segment is expected grow at a high pace in the global electric power steering motors market as compared to the DC motors segment.
Electric power steering motors have been witnessing substantial demand as they significantly reduce steering effort and provide precision turning.
| Country | CAGR |
|---|---|
| China | 11.5% |
| India | 10.6% |
| Germany | 9.8% |
| Brazil | 8.9% |
| USA | 8.1% |
| U.K. | 7.2% |
| Japan | 6.4% |
The Electric Power Steering Motors Market is expected to register a CAGR of 8.5% during the forecast period, exhibiting varied country level momentum. China leads with the highest CAGR of 11.5%, followed by India at 10.6%. Developed markets such as Germany, France, and the U.K. continue to expand steadily, while the U.S. is likely to grow at consistent rates. Japan posts the lowest CAGR at 6.4%, yet still underscores a broadly positive trajectory for the global Electric Power Steering Motors Market. In 2024, Germany held a dominant revenue in the Western Europe market and is expected to grow with a CAGR of 9.8%. The U.S. Electric Power Steering Motors Market is estimated to be valued at USD 2.1 billion in 2025 and is anticipated to reach a valuation of USD 2.1 billion by 2035. Sales are projected to rise at a CAGR of 0.0% over the forecast period between 2025 and 2035. While Japan and South Korea markets are estimated to be valued at USD 307.9 million and USD 147.8 million respectively in 2025.
| Item | Value |
|---|---|
| Quantitative Units | USD 5.6 Billion |
| Vehicle Type | Passenger Cars, Light Commercial Vehicles (LVC), Heavy Commercial Vehicles (HCV), and Off-Highway Vehicles |
| Product Type | AC Motors and DC Motors |
| Sales Channel | Original Equipment Manufacturers (OEM) and Aftersales |
| Motor Power | 300 – 600 Watts, Less Than 300 Watts, and More Than 600 Watts |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, Middle East & Africa |
| Country Covered | United States, Canada, Germany, France, United Kingdom, China, Japan, India, Brazil, South Africa |
| Key Companies Profiled | Bosch, MITSUBA, FZB, Nidec, Johnson Electric, MAHLE Group, Toshiba, JTEKT, Hitachi, General Ricambi, and LG Innotek |
The global electric power steering motors market is estimated to be valued at USD 5.6 billion in 2025.
The market size for the electric power steering motors market is projected to reach USD 12.8 billion by 2035.
The electric power steering motors market is expected to grow at a 8.5% CAGR between 2025 and 2035.
The key product types in electric power steering motors market are passenger cars, light commercial vehicles (lvc), heavy commercial vehicles (hcv) and off-highway vehicles.
In terms of product type, ac motors segment to command 55.0% share in the electric power steering motors market in 2025.
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Electric Power Steering Motors Market
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