Electric Power Steering Rack Replacement Parts Market

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Market Size (2026)
USD 4.5 Bn
Forecast (2036)
USD 7.8 Bn
CAGR (2026 to 2036)
5.7%

Electric Power Steering Rack Replacement Parts Market Size, Forecast, and Outlook By FMI

Electric power steering rack replacement parts market stood at USD 4.3 billion in 2025 and is expected to reach USD 4.5 billion in 2026. Demand is forecast to reach USD 7.8 billion by 2036 at 5.7% CAGR during the forecast period.

Summary of the Electric Power Steering Rack Replacement Parts Market

  • Demand and Growth Drivers
    • Electric power steering rack replacement demand is rising as older EPS-equipped vehicles move into repair cycles.
    • Workshops need reliable rack assemblies since steering faults can affect vehicle control and customer safety.
    • Post-warranty vehicles support aftermarket demand as owners look for cost-effective repair options outside dealer service.
  • Product and Segment View
    • Complete rack assemblies are preferred as many EPS faults need a full replacement unit.
    • Passenger cars are generating steady demand due to high daily use and wider EPS fitment.
    • Mechanical repair shops need accurate fitment data so replacement work can be completed with fewer returns.
  • Geography and Competitive Outlook
    • India and China show stronger readiness as vehicle ownership and EPS use continue to expand.
    • The United States remains important due to its large repair network and active steering recall flow.
    • Suppliers with broad catalog coverage and tested rack quality are better placed in repair channels.
  • Analyst Opinion
    • Nikhil Kaitwade, Principal Consultant at FMI says, “Electric power steering rack replacement is becoming a parts availability decision for repair networks. Workshops need rack assemblies matched to vehicle software and mounting needs. Suppliers with broad coverage and clear fitment data will get share as older EPS-equipped vehicles move into independent repair.”
  • Electric Power Steering Rack Replacement Parts Market Value Analysis
    • The electric power steering rack replacement parts market is moving from basic steering repair into a more defined electronic steering service category.
    • Demand is supported by older EPS-equipped vehicles entering post-warranty repair cycles.
    • Repair shops are using complete rack assemblies when motor faults or gear wear make smaller repairs less practical.
    • Market value is strengthened by the need for accurate fitment and faster parts availability across service channels.
Electric Power Steering Rack Replacement Parts Market Value Analysis
Electric Power Steering Rack Replacement Parts Market Value Analysis

Key Takeaways, Market Size, and Forecast

  • Electric power steering rack replacement parts market stood at USD 4.3 billion in 2025.
  • By 2036, industry value is forecast to reach USD 7.8 billion.
  • Market value is expected to expand at 5.7% CAGR from 2026 to 2036.
  • Electric power steering rack replacement parts sales are predicted to add USD 3.3 billion in incremental opportunity over 2026 to 2036.
  • Passenger cars are forecast to lead vehicle type demand with 66.0% share in 2026.
  • Mechanical repair shops are anticipated to represent 61.0% share of end-use demand in 2026.
  • India at 7.8% CAGR and China at 6.8% CAGR are forecast to lead country-level expansion over 2026 to 2036.

Electric power steering rack replacement is becoming more controlled as steering failures move beyond simple mechanical wear. In October 2024, Honda filed NHTSA recall 24V-744 covering 1,693,199 vehicles with a steering gearbox defect tied to worm wheel swelling and reduced grease film thickness. The issue can raise steering effort, so rack suppliers need stronger proof on gear material quality and friction control. In October 2025, Dorman launched an OE FIX EPS rack for 2013 to 2024 Ram and Ram Classic pickup trucks. The part is engineered for more than two million vehicles and addresses failure linked to moisture and debris intrusion in the control unit. That gives distributors a clearer route for high-volume pickup repair programs. In 2024, Bosch stated that electric steering replacement often needs recoding or parameterization after installation. Workshops now need diagnostic access and software support along with the rack unit itself. Suppliers that combine fitment accuracy, electronics protection and service guidance can benefit with stronger aftermarket acceptance.

Electric Power Steering Rack Replacement Parts Market Definition

Electric power steering rack replacement parts market covers commercially supplied rack and pinion assemblies used to replace failed EPS steering racks in passenger cars and light vehicles. Scope includes complete rack assemblies and rack motors sold through service channels. Torque sensors and pinion units are included. Related mounting hardware is included if bundled for rack replacement.

Electric Power Steering Rack Replacement Parts Market Inclusions

Scope includes new and remanufactured EPS rack assemblies sold for repair and replacement. Key stakeholders include parts manufacturers and remanufacturers along with distributors and mechanical repair shops. Fleet workshops and dealer service centers are part of the buying route. Insurers and vehicle owners influence repair approval.

Electric Power Steering Rack Replacement Parts Market Exclusions

Scope excludes full steering columns and hydraulic pumps unless sold with the rack assembly. Steering wheels and generic wiring harnesses are outside scope unless bundled with replacement racks. Factory-installed steering systems are excluded unless replacement parts are sold through service channels. Software-only steering updates are excluded unless tied to a physical rack replacement.

Electric Power Steering Rack Replacement Parts Market Research Methodology

  • Primary Research: FMI analysts reviewed replacement rack suppliers and distributor stocking patterns across major automotive countries.
  • Desk Research: Public vehicle production data and official recall documents were checked for steering repair indicators.
  • Market Sizing and Forecasting: Market size was estimated through vehicle parc age and EPS fitment. Replacement frequency and average rack pricing were used as adjustment checks.
  • Data Validation: Forecast checks compared new vehicle output and EV sales. Recall repair activity and verified aftermarket product launches were used as service signals.

Why is the Electric Power Steering Rack Replacement Parts Market Growing?

  • Aging EPS-equipped vehicles are raising rack replacement demand as steering faults often need complete unit repair.
  • Electric vehicle adoption increases service complexity as EPS racks must coordinate with driver assistance systems.
  • Aftermarket suppliers are expanding catalog coverage as post-warranty vehicles need lower-cost rack options.

EPS rack replacement demand is increasing as vehicle electronics move deeper into steering repair. Electronic Power Steering (EPS) is a core system behind rack service demand. IEA reported electric car sales above 20.0 million units in 2025. Higher EV penetration lifts the share of vehicles using electronically controlled steering. Repair shops must verify part numbers and calibration needs before installation.

Safety recalls are generating significant prospects for electric power steering rack replacement parts. For example, a GM safety recall bulletin released in April 2025 said dealers would replace the power steering gear assembly after loss of EPS assist. Honda issued a 2024 RDX EPS gearbox service bulletin in March 2024. Recall-driven repairs raise parts validation pressure since steering rack replacement affects vehicle control and legal repair compliance.

Market Segmentation Analysis

  • Complete rack assemblies are expected to lead product type with 57.0% share in 2026.
  • Passenger cars are forecast to account for 66.0% share in 2026.
  • During 2026, rack assist is anticipated to hold 52.0% share.
  • Independent aftermarket demand is forecast at 48.0% share in 2026.
  • Mechanical repair shops are expected to represent 61.0% share in 2026.

Electric power steering rack replacement parts market is divided into five primary segment groups. Product type covers complete rack assemblies and rack motors. Torque sensors and pinion units are included. Mounting hardware completes product coverage. Vehicle type includes passenger cars and light trucks. Vans and performance vehicles complete vehicle coverage. Steering type covers rack assist and column assist. Pinion assist and hydraulic electric steering are included. Sales channel explains how parts reach repair networks. End use separates mechanical repair shops and collision repair. Fleet workshops and dealer service complete the segmentation structure.

Insights into Electric Power Steering Rack Replacement Parts Market by Product Type

Electric Power Steering Rack Replacement Parts Market Analysis By Product Type
Electric Power Steering Rack Replacement Parts Market Analysis By Product Type
  • Complete rack assemblies are expected to hold 57.0% share in 2026 as repair shops often replace the full EPS unit to solve motor and gear faults. Full assemblies lower repeat labor risk since motor wear and internal rack damage can appear together during service.
  • Electric power steering motors demand affects rack assembly value since motor condition drives many full rack replacement decisions in post-warranty vehicles. Motor failure can turn a simple steering complaint into a full rack job.

Insights into Electric Power Steering Rack Replacement Parts Market by Vehicle Type

Electric Power Steering Rack Replacement Parts Market Analysis By Vehicle Type
Electric Power Steering Rack Replacement Parts Market Analysis By Vehicle Type
  • Passenger cars are forecast to account for 66.0% share in 2026 as compact and mid-size models create the widest steering repair pool across service outlets. High vehicle use makes passenger cars the main source of rack replacement orders.
  • Passenger car repairs favor broad rack coverage since workshops work across many brands and model years. Suppliers with accurate vehicle lookup tools can reduce wrong-part returns.

Insights into Electric Power Steering Rack Replacement Parts Market by Steering Type

Electric Power Steering Rack Replacement Parts Market Analysis By Steering Type
Electric Power Steering Rack Replacement Parts Market Analysis By Steering Type
  • Rack assist is anticipated to hold 52.0% share in 2026 as newer vehicles use motor placement near the rack for steering feel and packaging. Rack assist units often combine the drive motor and control-related parts in one service package.
  • Repair cost is higher than simple linkage work since electronic content is part of the assembly. Suppliers need tested racks with clear installation guidance.

Insights into Electric Power Steering Rack Replacement Parts Market by Sales Channel

Electric Power Steering Rack Replacement Parts Market Analysis By Sales Channel
Electric Power Steering Rack Replacement Parts Market Analysis By Sales Channel
  • Independent aftermarket demand is forecast to represent 48.0% share in 2026 as post-warranty repair shops need rack assemblies with fast availability and clear vehicle matching.
  • Independent channels get share when owners look for cost control after dealer warranty coverage ends. Distributors need enough stock depth to support common rack variants.

Insights into Electric Power Steering Rack Replacement Parts Market by End Use

Electric Power Steering Rack Replacement Parts Market Analysis By End Use
Electric Power Steering Rack Replacement Parts Market Analysis By End Use
  • Mechanical repair shops are expected to account for 61.0% share in 2026 as most EPS rack faults move into general service after warranty coverage ends. These outlets handle steering complaints from daily-use vehicles and cost-sensitive owners.
  • Rack replacement work needs fitment accuracy since wrong units can create warning lights after installation. Suppliers with clear technical support can reduce repeat labor.

Electric Power Steering Rack Replacement Parts Market Drivers, Restraints, and Opportunities

Electric Power Steering Rack Replacement Parts Market Opportunity Matrix Growth Vs Value
Electric Power Steering Rack Replacement Parts Market Opportunity Matrix Growth Vs Value
  • EPS vehicle aging raises demand for complete rack assemblies as electronic steering faults become more common in post-warranty fleets.
  • Calibration and parts matching slow repair speed since incorrect rack selection can create warning lights or steering assist errors.
  • Remanufacturing and all-new racks create opportunity as distributors seek wider coverage for aging electric steering systems.

Aging EPS Fleets Raise Rack Replacement

EPS-equipped vehicles are moving into higher-mileage service years. OICA reported 96.4 million vehicles produced globally in 2025. Large production years create future rack replacement pools as vehicles leave warranty coverage. Rack replacement demand expands after mechanical wear and electrical faults begin to overlap. Suppliers with coverage for older high-volume models can convert vehicle age into steady orders.

Rack Matching Slows Repair Speed

Electric rack replacement is harder than older hydraulic steering repair. Tesla filed a Part 573 recall report in February 2025 covering 376,241 potentially involved Model 3 and Model Y vehicles with steering assist concerns. Software and hardware interaction makes part selection sensitive. Repair channels need VIN-level matching and clear calibration guidance before rack installation.

Remanufacturing Opens Service Opportunity

Remanufactured EPS racks give distributors a lower-cost route for expensive steering repairs. Repair shops can use tested replacement racks to reduce part cost and keep steering jobs practical for older vehicles. Core return systems make remanufactured racks more useful for high-volume service channels. Non-OEM EV MRO activity supports independent networks handling more electrified vehicle repairs.

Analysis of Electric Power Steering Rack Replacement Parts Market by Key Countries

Top Country Growth Comparison Electric Power Steering Rack Replacement Parts Market Cagr (2026 2036)
Top Country Growth Comparison Electric Power Steering Rack Replacement Parts Market Cagr (2026 2036)
Country CAGR
United States 5.2%
China 6.8%
India 7.8%
Germany 5.0%
France 4.8%
Japan 4.5%
United Kingdom 5.3%

Source: Future Market Insights, 2026.

Electric Power Steering Rack Replacement Parts Market Cagr Analysis By Country
Electric Power Steering Rack Replacement Parts Market Cagr Analysis By Country

Electric Power Steering Rack Replacement Parts Market CAGR Analysis by Country

  • India is expected to advance at 7.8% CAGR through 2036 as passenger vehicle output and service network reach expand together.
  • China is forecast to expand at 6.8% CAGR by 2036. Electrified vehicle production creates a wider EPS rack repair pool.
  • By 2036, United Kingdom demand is expected to record 5.3% CAGR with BEV registrations and independent service demanding move together.
  • United States demand is forecast to register 5.2% CAGR across the forecast period. Recall repair activity and aging vehicles support rack replacement.
  • Germany is expected to record 5.0% CAGR during 2026 to 2036 as premium vehicle service needs support higher-value steering parts.
  • France is forecast at 4.8% CAGR by 2036 with electrified vehicle sales increasing rack service complexity.
  • Japan is expected to move ahead at 4.5% CAGR by 2036 as stable vehicle ownership and service quality keep replacement demand active.

Demand Outlook for Electric Power Steering Rack Replacement Parts Market in the United States

Electric Power Steering Rack Replacement Parts Market Country Value Analysis
Electric Power Steering Rack Replacement Parts Market Country Value Analysis

United States is likely to expand at 5.2% CAGR through 2036 as an aging vehicle park and EPS recall repairs keep rack replacement active. NHTSA recall records in 2025 identified steering assist concerns for several vehicle programs. Service centers need rack assemblies with verified part numbers and documented correction steps. Distributors able to support quick sourcing for out-of-warranty repairs should get more workshop preference.

  • Post-warranty vehicles support independent repair demand as owners seek lower-cost rack replacement options.
  • Recall work raises technical scrutiny since steering assist loss affects vehicle control and repair liability.
  • Distributor coverage depth is important as vehicle platforms carry different rack part numbers and calibration needs.

Sales Analysis of Electric Power Steering Rack Replacement Parts Market in China

China is forecast to grow by 6.8% CAGR through 2036 as electrified vehicle production expands the EPS-equipped vehicle pool. IEA reported China sold more than 13.0 million electric cars in 2025. High EV output increases future service demand for steering racks with electronic control content. Local repair networks need reliable rack supply as vehicles age beyond factory service coverage.

  • Domestic EV scale supports future rack replacement volume across passenger vehicle service channels.
  • Independent workshops will need stronger diagnostics as EPS racks carry software-sensitive steering functions.
  • Local parts supply can reduce repair lead times for high-volume models with rack assist steering.

Demand Outlook for Electric Power Steering Rack Replacement Parts Market in India

Expanding vehicle ownership creates more post-warranty steering repair demand in India. For example, SIAM reported 4.6 million passenger vehicle sales in FY 2025 to 2026. From 2026 to 2036, India is expected to advance at 7.8% CAGR as passenger vehicle demand widens the repairable EPS vehicle pool. Rane and ZF agreed in January 2025 to bring rack drive EPS technology to India. Local steering depth can improve future service-part availability.

  • Passenger car parc expansion creates steady rack replacement need after warranty coverage ends.
  • Cost-sensitive repair work favors remanufactured racks with verified quality and predictable core terms.
  • Local EPS supply depth can shorten replacement lead times for common compact vehicle platforms.

Opportunity Analysis of Electric Power Steering Rack Replacement Parts Market in Germany

Electric Power Steering Rack Replacement Parts Market Europe Country Market Share Analysis, 2026 & 2036
Electric Power Steering Rack Replacement Parts Market Europe Country Market Share Analysis, 2026 & 2036

Germany’s industry is projected to grow at 5.0% CAGR through 2036 as premium vehicles and EV service needs support higher-value rack parts. IEA reported German electric car sales of about 850,000 units in 2025. Premium models often carry more complex steering hardware and tighter diagnostic needs. Suppliers need strong catalog accuracy and service guidance for repair channels.

  • Premium vehicle service supports higher average rack replacement value across dealer and independent channels.
  • EV penetration increases demand for rack assemblies aligned with driver assistance functions.
  • Parts suppliers with OE experience can improve confidence in safety-critical steering repairs.

Sales Analysis of Electric Power Steering Rack Replacement Parts Market in France

IEA reported electric cars accounted for around 25.0% of French car sales in 2025. Steering repair demand will move toward assemblies with motors and sensors. France is forecast at 4.8% CAGR over the forecast decade as electrified vehicle adoption increases EPS rack service complexity. Service providers need parts able to reduce installation risk and meet vehicle-specific settings.

  • Electrified car use raises future demand for electronic rack repair and replacement.
  • Repair shops need parts support to reduce time spent on rack identification.
  • Distributor inventory depth becomes important for models with platform-specific steering variants.

Future Outlook for Electric Power Steering Rack Replacement Parts Market in Japan

Electric Power Steering Rack Replacement Parts Market Japan Market Share Analysis By Product Type
Electric Power Steering Rack Replacement Parts Market Japan Market Share Analysis By Product Type

Japan is expected to move ahead at 4.5% CAGR by 2036 as hybrid-heavy vehicle demand keeps EPS service needs active. Official USA International Trade Administration data states that Japan’s hybrid vehicle sales surpassed 2.0 million units in 2024 and accounted for 54.8% of new passenger car sales. EPS rack replacement demand will favor parts matched to compact vehicles and low-noise steering performance.

  • High service expectations favor validated racks with predictable steering feel after installation.
  • Compact vehicle fleets need replacement units matched to tight packaging and lower noise targets.
  • Hybrid vehicle penetration supports continued demand for electronic steering service parts.

Future Outlook for Electric Power Steering Rack Replacement Parts Market in the United Kingdom

United Kingdom adoption is anticipated to grow by 5.3% CAGR through 2036 as BEV registrations support future EPS service needs. SMMT’s April 2026 Outlook states that BEV share is expected to reach 26.8% in 2026. More electrified vehicles entering service will raise demand for EPS rack replacement parts after warranty coverage ends.

  • Independent service providers need rack assemblies with simple vehicle matching for EV and hybrid models.
  • Post-warranty repair demand supports distributors able to supply new and remanufactured racks.
  • Insurance repair and mechanical service channels will favor suppliers with fast delivery and warranty support.

Competitive Landscape and Strategic Positioning

Electric Power Steering Rack Replacement Parts Market Analysis By Company
Electric Power Steering Rack Replacement Parts Market Analysis By Company
  • Competition centers on catalog coverage and verified rack assembly quality.
  • Suppliers win by reducing fitment errors and improving repair shop confidence.
  • Remanufacturers gain access through core management and bench-tested EPS units.
  • Entry barriers include safety-critical performance and electronics testing. Return-risk control makes supplier qualification harder.

Competition in the market is driven by factors such as verified rack coverage and warranty control. Aftermarket rack suppliers compete on catalog depth and tested rack quality. Remanufacturers get preference when they reduce fitment errors and manage core returns with clear terms. CARDONE and MAVAL support rack replacement through remanufactured steering product depth. ZF Aftermarket and Bosch bring OE steering system knowledge to support service-part trust.

Supplier advantage depends on proof of steering function after installation. ZF Aftermarket expanded TRW chassis coverage in July 2025 with parts tied to 54.0 million vehicles in operation. Broader chassis coverage improves distributor confidence across related steering and suspension repair jobs. Parts firms combining catalog data with tested racks can reduce returns and protect repair shop labor margins.

Key Companies in the Electric Power Steering Rack Replacement Parts Market

  • Aftermarket Rack Specialists: Dorman Products and TERREPOWER compete through catalog depth. CARDONE Industries and MAVAL Industries support remanufactured rack coverage.
  • OE-Rooted Steering Suppliers: ZF Friedrichshafen AG and Bosch Mobility Aftermarket support steering service demand. JTEKT Corporation adds system knowledge and component depth.
  • Channel Advantage: Distributors with VIN-level matching and reliable core return processes gain preference from mechanical repair shops.

Competitive Benchmarking: Electric Power Steering Rack Replacement Parts Market

Company Rack Coverage Depth Reman Capability Fitment Support Geographic Footprint
Dorman Products, Inc. High Medium High North America centered
TERREPOWER High High Medium North America with export reach
CARDONE Industries High High Medium North America centered
ZF Friedrichshafen AG Medium Medium High Global with European depth
Bosch Mobility Aftermarket Medium Medium High Global aftermarket network
JTEKT Corporation Medium Low High Asia and global OE depth
MAVAL Industries Medium High Medium North America focused

Source: Future Market Insights competitive analysis, 2026.

Key Developments in Electric Power Steering Rack Replacement Parts Market

  • In October 2025, Dorman Products launched an all-new OE FIX EPS rack for Ram trucks. The company said the part is engineered for more than 2.0 million Ram pickup trucks and uses new components with redesigned electronics.
  • In March 2026, TERREPOWER expanded its North American Electric Power Steering program with 60 new applications covering model years 2013 to 2025. The company said the expansion brings total coverage to more than 257 SKUs for 60.0 million vehicles in operation.

Key Players in the Electric Power Steering Rack Replacement Parts Market

Major Aftermarket and Remanufacturing Players

  • Dorman Products, Inc.
  • TERREPOWER
  • CARDONE Industries
  • MAVAL Industries

OE-Rooted Steering and Service Players

  • ZF Friedrichshafen AG
  • Robert Bosch GmbH
  • JTEKT Corporation

Electric Power Steering Rack Replacement Parts Market Coverage

Electric Power Steering Rack Replacement Parts Market Breakdown By Product Type, Vehicle Type, And Region
Electric Power Steering Rack Replacement Parts Market Breakdown By Product Type, Vehicle Type, And Region
Parameter Details
Quantitative Units USD 4.5 billion in 2026, USD 7.8 billion by 2036, 5.7% CAGR
Market Definition Electric power steering rack replacement parts used to replace failed EPS rack assemblies, rack motors, torque sensors, pinion units, and related mounting hardware
Regional Coverage North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia and Pacific, Middle East and Africa
Countries Covered United States, China, India, Germany, France, Japan, United Kingdom
Key Companies Profiled Dorman Products, Inc., TERREPOWER, CARDONE Industries, MAVAL Industries, ZF Friedrichshafen AG, Robert Bosch GmbH, JTEKT Corporation
Forecast Period 2026 to 2036
Base Year 2025
Primary Users Mechanical repair shops, collision repair centers, fleet workshops, dealer service centers
Market Approach Bottom-up vehicle parc checks, EPS fitment review, recall activity checks, supplier validation, service-channel demand review

Source: Future Market Insights, 2026.

Electric Power Steering Rack Replacement Parts Market Breakdown by Product Type, Vehicle Type, Steering Type, Sales Channel, End Use, and Region

Electric Power Steering Rack Replacement Parts Market Segmented by Product Type

  • Complete rack assemblies
  • Rack motors
  • Torque sensors
  • Pinion units
  • Mounting hardware

Electric Power Steering Rack Replacement Parts Market Segmented by Vehicle Type

  • Passenger cars
  • Light trucks
  • Vans
  • Performance vehicles

Electric Power Steering Rack Replacement Parts Market Segmented by Steering Type

  • Rack assist
  • Column assist
  • Pinion assist
  • Hydraulic electric

Electric Power Steering Rack Replacement Parts Market Segmented by Sales Channel

  • Independent aftermarket
  • OEM service
  • Online retail
  • Reman suppliers

Electric Power Steering Rack Replacement Parts Market Segmented by End Use

  • Mechanical repair shops
  • Collision repair
  • Fleet workshops
  • Dealer service

Electric Power Steering Rack Replacement Parts Market by Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia and Pacific
  • Middle East and Africa

Research Sources and Bibliography

  • Dorman Products, Inc. (2025, October 22). Dorman’s Complex Electronic Solutions Portfolio Expands With OE FIX® EPS Rack for Ram Trucks. Dorman Products, Inc.
  • TERREPOWER. (2026, March 18). TERREPOWER expands electric power steering portfolio with 60 new applications and first-to-market innovations. TERREPOWER.
  • Rane Group. (2025, January 6). Rane and ZF start a new era of cooperation for steering products. Rane Group.
  • ZF Friedrichshafen AG. (2025, July 22). ZF Aftermarket expands TRW chassis line, extending NA coverage to an additional 54 million vehicles in operation in 2025. ZF Friedrichshafen AG.
  • Organisation Internationale des Constructeurs d’Automobiles. (2026, April 23). Auto industry growth shifted east in 2025 amid global repositioning. OICA.
  • International Energy Agency. (2026, May). Global EV Outlook 2026: Trends in electric cars. International Energy Agency.
  • Society of Indian Automobile Manufacturers. (2026, April 14). Auto industry performance of Q4 (Jan-March 2026) & FY 2025-26. SIAM.
  • Society of Motor Manufacturers and Traders. (2026, April). UK new car and van outlook. SMMT.
  • International Trade Administration. (2025, November 20). Japan - Automotive. USA Department of Commerce.
  • National Highway Traffic Safety Administration. (2025, April). Safety recall N252497020: Loss of power steering assist. USA Department of Transportation.
  • American Honda Motor Co., Inc. (2024, March 27). Service bulletin 24-003 safety recall: 2024 RDX EPS gearbox assembly. National Highway Traffic Safety
  • Tesla, Inc. (2025, February 19). Part 573 safety recall report 25V-092. National Highway Traffic Safety Administration.
  • American Honda Motor Co., Inc. (2024, October 3). Part 573 safety recall report 24V-744. National Highway Traffic Safety Administration.
  • Robert Bosch GmbH. (2024, May). Replacing electric steering systems: Easy and efficient with Remote Diagnostics Service. Bosch Automotive Aftermarket.

This Report Answers

  • What is the current and future size of the electric power steering rack replacement parts market?
  • How fast will electric power steering rack replacement parts demand expand during the forecast period?
  • Which product type is forecast to lead electric power steering rack replacement parts demand by 2026?
  • Which vehicle type creates the main demand pool for electric power steering rack replacement parts?
  • How do EPS recalls and software-sensitive repairs affect rack replacement decisions?
  • Which countries are forecast to record faster expansion during the forecast period?
  • How does independent aftermarket access influence rack replacement revenue?
  • How does remanufacturing affect cost control and service availability?
  • Who are the main companies active in electric power steering rack replacement parts?
  • How does FMI estimate and validate the electric power steering rack replacement parts forecast?

Frequently Asked Questions

What is global market demand for electric power steering rack replacement parts in 2026?

In 2026, global electric power steering rack replacement parts demand is forecast at USD 4.5 billion as EPS-equipped vehicles age into repair cycles.

How big will the electric power steering rack replacement parts market be in 2036?

By 2036, electric power steering rack replacement parts market value is forecast to reach USD 7.8 billion as rack replacement expands in post-warranty service.

How much will electric power steering rack replacement parts demand expand during the forecast period?

Electric power steering rack replacement parts demand is forecast to expand at 5.7% CAGR over 2026 to 2036.

Which product type is forecast to lead the electric power steering rack replacement parts market in 2026?

Complete rack assemblies are forecast to lead with 57.0% share in 2026 due to full-unit replacement needs.

Which vehicle type is forecast to lead electric power steering rack replacement parts demand?

Passenger cars are forecast to lead with 66.0% share in 2026 as high-volume models create the widest repair pool.

Which country will expand faster in the electric power steering rack replacement parts market?

India is forecast to advance at 7.8% CAGR through 2036 as passenger vehicle demand raises future steering repair need.

What does the electric power steering rack replacement parts market include?

Scope includes complete EPS rack assemblies and rack motors sold for replacement repairs. Torque sensors and pinion units are included as related parts. Mounting hardware is covered if bundled for rack replacement.

Why are complete rack assemblies important in EPS repair?

Complete rack assemblies reduce repeat labor since motor and gear faults can be repaired through one replacement package. Sensor faults often make full-unit replacement practical.

Are remanufactured EPS racks included in the market?

Yes. Remanufactured EPS racks are included once sold as tested replacement units through service or distribution channels.

How does FMI estimate the electric power steering rack replacement parts forecast?

FMI uses vehicle parc and EPS fitment to validate the forecast. Recall repair signals and replacement frequency support the sizing model.

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Future Market Insights

Electric Power Steering Rack Replacement Parts Market