Summary

Market Overview
The United States Electric Power Steering (EPS) Market was valued at USD 360.84 million in 2024 and is projected to reach USD 507.24 million by 2030, growing at a CAGR of 5.8%. The market is undergoing significant growth, driven by evolving automotive technologies and the increasing shift away from traditional hydraulic steering systems. EPS systems offer several advantages, including improved fuel efficiency, enhanced vehicle control, and compatibility with electric and autonomous vehicle platforms. Their seamless integration with Advanced Driver Assistance Systems (ADAS) has positioned EPS as a critical component in modern vehicles. As consumer preferences lean toward safer, more efficient driving experiences, automakers are adopting EPS technologies to meet rising regulatory and performance expectations.
Key Market Drivers
Fuel Efficiency and Environmental Concerns
One of the primary forces propelling the growth of the U.S. Electric Power Steering (EPS) market is the automotive industry's focus on fuel efficiency and environmental impact reduction. According to the EPA’s 50th Annual Automotive Trends Report, average vehicle fuel economy reached 27.1 mpg, a 1.1 mpg improvement from the previous year. EPS systems contribute to this progress by eliminating the hydraulic pump used in conventional systems, thereby reducing parasitic engine load and improving overall energy efficiency. As automakers work to meet stricter emissions regulations and consumers become more environmentally conscious, EPS is being increasingly adopted for its ability to reduce fuel consumption and contribute to greener mobility solutions.
Key Market Challenges
Technical Complexity and Maintenance Challenges
The integration of EPS systems brings notable technical challenges for manufacturers and service providers. These systems include multiple electronic components such as sensors, actuators, and control units, which require precise coordination for optimal performance. Diagnosing issues can be more complex than with hydraulic systems, often requiring advanced diagnostic tools and specialized technical expertise. Maintenance and repairs may be more costly and time-consuming, and in many cases, software updates are needed to ensure continued functionality. For consumers, this can translate to increased service center visits and higher ownership costs, especially in cases where independent repair shops lack the necessary equipment or training.
Key Market Trends
Integration with Advanced Driver Assistance Systems (ADAS)
The growing integration of Electric Power Steering with Advanced Driver Assistance Systems is a defining trend in the U.S. EPS market. Features such as adaptive cruise control, automated emergency braking, and lane-keeping assist rely on responsive and precise steering systems. EPS technology enables fine steering adjustments required by these ADAS functions, enhancing both vehicle safety and driving comfort. For example, EPS systems assist lane-keeping by gently guiding the vehicle back within lane boundaries, while adaptive cruise systems use EPS for steering input adjustments based on surrounding traffic. This compatibility with autonomous technologies is accelerating EPS adoption as vehicles evolve toward higher levels of automation.
Key Market Players
• Mitsubishi Electric Corporation
• Robert Bosch GmbH
• Denso Corporation
• JTEKT Corporation
• NSK Ltd.
• thyssenkrupp AG
• ZF Friedrichshafen AG
• Knorr Bremse AG
• Dowlais Group Plc (GKN Automotive Ltd.)
• Nexteer Automotive Corporation
Report Scope:
In this report, the United States Electric Power Steering Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
• United States Electric Power Steering Market, By Type:
o C-EPS
o P-EPS
o R-EPS
• United States Electric Power Steering Market, By Component Type:
o Steering Column
o Steering Wheel
o Sensors
o Electronic Control Unit
o Electric Motor and Bearings
• United States Electric Power Steering Market, By Vehicle Type:
o Passenger Cars
o Medium & Heavy Commercial Vehicles
o Light Commercial Vehicles
o Off-the-Road Vehicles
• United States Electric Power Steering Market, By Mechanism Type:
o Collapsible EPS
o Rigid EPS
• United States Electric Power Steering Market, By Region:
o South
o West
o Mid-West
o Northeast
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents in the United States Electric Power Steering Market.
Available Customizations:
United States Electric Power Steering Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
• Detailed analysis and profiling of additional market players (up to five).

ページTOPに戻る

Table of Contents

1. Introduction
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. Research Methodology
2.1. Methodology Landscape
2.2. Objective of the Study
2.3. Baseline Methodology
2.4. Formulation of the Scope
2.5. Assumptions and Limitations
2.6. Types of Research
2.7. Approach for the Market Study
2.8. Methodology Followed for Calculation of Market Size & Market Shares
2.9. Forecasting Methodology
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions
3.5. Overview of Market Drivers, Challenges, and Trends
4. United States Electric Power Steering Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value
4.2. Market Share & Forecast
4.2.1. By Type Market Share Analysis (C-EPS, P-EPS, R-EPS)
4.2.2. By Component Type Market Share Analysis (Steering Column, Steering Wheel, Sensors, Electronic Control Unit, Electric Motor and Bearings)
4.2.3. By Vehicle Type Market Share Analysis (Passenger Cars, Medium & Heavy Commercial Vehicles, Light Commercial Vehicles and Off-the-Road Vehicles)
4.2.4. By Mechanism Type Market Share Analysis (Collapsible EPS, Rigid EPS)
4.2.5. By Regional Market Share Analysis
4.2.6. By Top 5 Companies Market Share Analysis, Others (2024)
4.3. United States Electric Power Steering Market Mapping & Opportunity Assessment
4.3.1. By Type Market Mapping & Opportunity Assessment
4.3.2. By Component Type Market Mapping & Opportunity Assessment
4.3.3. By Vehicle Type Market Mapping & Opportunity Assessment
4.3.4. By Mechanism Type Market Mapping & Opportunity Assessment
4.3.5. By Regional Market Mapping & Opportunity Assessment
5. United States Passenger Cars Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Component Type Market Share Analysis
5.2.2. By Mechanism Type Market Share Analysis
6. United States Medium & Heavy Commercial Vehicles Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Component Type Market Share Analysis
6.2.2. By Mechanism Type Market Share Analysis
7. United States Light Commercial Vehicles Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Component Type Market Share Analysis
7.2.2. By Mechanism Type Market Share Analysis
8. United States Off-the-Road Vehicles Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Component Type Market Share Analysis
8.2.2. By Mechanism Type Market Share Analysis
9. Market Dynamics
9.1. Drivers
9.2. Challenges
10. Market Trends & Developments
10.1. Merger & Acquisition (If Any)
10.2. Type Launches (If Any)
10.3. Recent Developments
11. Disruptions: Conflicts, Pandemics and Trade Barriers
12. Porters Five Forces Analysis
12.1. Competition in the Industry
12.2. Potential of New Entrants
12.3. Power of Suppliers
12.4. Power of Customers
12.5. Threat of Substitute Product
13. Policy & Regulatory Landscape
14. United States Economic Profile
15. Competitive Landscape
15.1. Company Profiles
15.1.1. Mitsubishi Electric Corporation
15.1.1.1. Business Overview
15.1.1.2. Company Snapshot
15.1.1.3. Product & Services
15.1.1.4. Financials (As Per Availability)
15.1.1.5. Key Market Focus & Geographical Presence
15.1.1.6. Recent Developments
15.1.1.7. Key Management Personnel
15.1.2. Robert Bosch GmbH
15.1.3. Denso Corporation
15.1.4. JTEKT Corporation
15.1.5. NSK Ltd.
15.1.6. thyssenkrupp AG
15.1.7. ZF Friedrichshafen AG
15.1.8. Knorr Bremse AG
15.1.9. Dowlais Group Plc (GKN Automotive Ltd.)
15.1.10. Nexteer Automotive Corporation.
16. Strategic Recommendations
16.1. Key Focus Areas
16.1.1. Target Type
16.1.2. Target Vehicle Type
16.1.3. Target Region
17. About Us & Disclaimer