Europe Car Electric Power Steering Market was valued at USD 10.5 Billion in 2022 and is projected to reach USD 15.0 Billion by 2030, growing at a CAGR of 4.8% from 2024 to 2030.
The European automotive industry is undergoing a significant transformation, with Electric Power Steering (EPS) systems playing a pivotal role in modern vehicles. As the industry shifts towards electrification and advanced driver assistance systems (ADAS), understanding the types of EPS and their industrial requirements becomes essential.
Types of Electric Power Steering Systems in Europe
Column Assist EPS (C-EPS): In this configuration, the electric motor is mounted on the steering column, directly assisting the driver's input. C-EPS is commonly found in compact and mid-sized passenger vehicles due to its cost-effectiveness and straightforward integration.
Pinion Assist EPS (P-EPS): Here, the electric motor is attached to the steering rack's pinion shaft, providing a more direct steering feel. P-EPS is often utilized in sports cars and vehicles where steering performance is prioritized.
Rack Assist EPS (R-EPS): In R-EPS systems, the electric motor is mounted directly on the steering rack, offering precise control and enhanced feedback. This type is prevalent in larger vehicles, including SUVs and light commercial vehicles, where steering loads are higher.
Electro-Hydraulic Power Steering (EHPS): EHPS combines hydraulic and electric systems, using an electric motor to drive the hydraulic pump. This hybrid approach is beneficial for vehicles transitioning from traditional hydraulic systems to full electric steering.
Industry Requirements and Trends
Integration with ADAS: Modern vehicles are increasingly equipped with ADAS features such as lane-keeping assist and automated parking. EPS systems must seamlessly integrate with these technologies, requiring advanced sensors and control algorithms to ensure safety and performance.
Enhanced Fuel Efficiency: Traditional hydraulic power steering systems draw continuous power from the engine, impacting fuel consumption. EPS systems, being electrically driven, operate only when necessary, contributing to improved fuel efficiency and reduced emissions—a critical factor in meeting stringent European CO₂ regulations.
Scalability and Modularity: Manufacturers demand EPS systems that can be easily adapted across various vehicle platforms. Modular designs allow for scalability, enabling cost-effective implementation in different models without extensive re-engineering.
Reliability and Safety: As steering is a vital safety component, EPS systems must meet rigorous reliability standards. This includes robust fail-safe mechanisms and compliance with automotive safety integrity levels (ASIL) to ensure consistent performance under all conditions.
Lightweight Design: Reducing vehicle weight is a continuous goal to enhance efficiency. EPS systems are designed to be lighter than traditional hydraulic systems, contributing to overall vehicle weight reduction without compromising structural integrity.
Market Outlook
The European EPS market is projected to grow steadily, driven by the increasing adoption of electric and hybrid vehicles. According to industry reports, the market is expected to expand at a compound annual growth rate (CAGR) of 3.9% over the next five years, with key players like Nexteer Automotive Group Ltd, NSK Ltd, JTEKT Corporation, ZF Friedrichshafen AG, and Robert Bosch GmbH leading the innovation in this sector. Additionally, the global optical transceiver market, including the 100 Gigabit Fiber Optic Transceiver Market, is anticipated to reach approximately USD 25.0 billion by 2029, growing at a CAGR of 13.0%. This growth underscores the increasing demand for high-speed data transmission in automotive applications, further emphasizing the importance of advanced EPS systems.
In my experience working with automotive component suppliers, the shift towards EPS has been transformative. The ability to fine-tune steering characteristics through software updates allows manufacturers to cater to diverse driver preferences and regional requirements without physical modifications. This flexibility not only enhances the driving experience but also streamlines the manufacturing process, reducing costs and production time.
Moreover, the transition to EPS aligns with the broader industry move towards electrification. Electric vehicles (EVs) benefit significantly from EPS due to its lower energy consumption compared to hydraulic systems, thereby extending the driving range—a critical consideration for consumers. As Europe continues to promote EV adoption, the demand for efficient and reliable EPS systems is set to rise correspondingly.
In conclusion, Electric Power Steering systems are integral to the evolution of Europe's automotive landscape. Their adaptability, efficiency, and compatibility with emerging technologies position them as a cornerstone in the development of modern vehicles. As the industry progresses, EPS will undoubtedly continue to evolve, meeting the dynamic requirements of manufacturers and consumers alike.
Get an In-Depth Research Analysis of the Europe Car Electric Power Steering Market Size And Forecast [2025-2032]
JTEKT
Bosch
NSK
Nexteer
ZF
Mobis
Showa
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 Europe Car Electric Power Steering Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Europe Car Electric Power Steering Market
Column Type
Rack and Pinion Type
Pinion Type
Passenger Vehicles
Commercial Vehicles
Electric Vehicles
Electric Motor
Torque Sensor
Electronic Control Unit (ECU)
Steering Column
Compact Vehicles
Midsize Vehicles
Luxury Vehicles
Sport Utility Vehicles (SUVs)
Light Commercial Vehicles
Heavy Commercial Vehicles
OEM (Original Equipment Manufacturer)
Aftermarket
US (United States, US 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 @ Car Electric Power Steering Market Research Analysis
1. Introduction of the Europe Car Electric Power Steering 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. Europe Car Electric Power Steering Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Car Electric Power Steering Market, By Type
6. Europe Car Electric Power Steering Market, By Application
7. Europe Car Electric Power Steering Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Car Electric Power Steering 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 Europe Research and Consulting firm servicing over 5000+ US 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/