North America Electric Power Steering (EPS) Control Units Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.1 Billion by 2030, growing at a CAGR of 7.9% from 2024 to 2030.
The North American Electric Power Steering (EPS) Control Units market is experiencing significant growth, driven by advancements in automotive technology and increasing demand for fuel-efficient vehicles. In 2024, the market was valued at approximately USD 6.26 billion and is projected to reach nearly USD 8.99 billion by 2034, growing at a compound annual growth rate (CAGR) of 4.1% during the forecast period.
EPS systems have become a cornerstone in modern vehicles, replacing traditional hydraulic steering systems. They offer numerous benefits, including improved fuel efficiency, reduced vehicle weight, and enhanced steering precision. By eliminating the need for a hydraulic pump, EPS systems can save up to 0.4 liters of fuel per 100 kilometers traveled and reduce CO₂ emissions by up to 7 grams per kilometer.
Industries are increasingly adopting EPS control units to meet stringent fuel efficiency and emission regulations. The automotive sector, in particular, is integrating EPS technology to enhance vehicle performance and comply with environmental standards. The American Automakers AAPC projects a steady rise in U.S. auto production, reaching 12.2 million vehicles by 2028, which is expected to boost the demand for EPS systems.
From my experience working in the automotive industry, I have observed a growing trend among manufacturers toward the adoption of EPS systems. This shift is largely due to the technology's ability to provide variable steering assistance, improving driver comfort and safety. Additionally, EPS systems offer greater reliability and design flexibility, allowing for the integration of advanced driver assistance systems (ADAS) and autonomous driving features.
Key players in the North American EPS control units market, such as Denso Corporation and JTEKT Corporation, are investing heavily in research and development to introduce innovative solutions. For instance, Denso has partnered with Aeva to integrate LiDAR into EPS systems, enhancing vehicle sensing capabilities. Similarly, JTEKT has begun mass production of Motor Control Units (MCU) with JFOPS4 for improved EPS performance.
In conclusion, the North American Electric Power Steering (EPS) Control Units market is poised for substantial growth, driven by technological advancements and the automotive industry's commitment to fuel efficiency and enhanced driving experiences.
Get an In-Depth Research Analysis of the North America Electric Power Steering (EPS) Control Units Market Size And Forecast [2025-2032]
Bosch
JTEKT
Nexteer
ZF
NSK
Hitachi Astemo (Showa)
Hyundai Mobis
Thyssenkrupp
Mando
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the North America Electric Power Steering (EPS) Control Units Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the North America Electric Power Steering (EPS) Control Units Market
Passenger Vehicle
Commercial Vehicle
Based on Types the Market is categorized into Below types that held the largest Electric Power Steering (EPS) Control Units market share In 2023.
C-EPS
P-EPS
R-EPS
DP-EPS
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Electric Power Steering (EPS) Control Units Market Research Analysis
1. Introduction of the North America Electric Power Steering (EPS) Control Units Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Electric Power Steering (EPS) Control Units Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Electric Power Steering (EPS) Control Units Market, By Type
6. North America Electric Power Steering (EPS) Control Units Market, By Application
7. North America Electric Power Steering (EPS) Control Units Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Electric Power Steering (EPS) Control Units Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading North America Research and Consulting firm servicing over 5000+ North America clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/