Motor-driven Power Steering System Market Revenue was valued at USD 29 Billion in 2024 and is estimated to reach USD 45 Billion by 2033, growing at a CAGR of 5.5% from 2026 to 2033.
The Europe motor-driven power steering system market is witnessing rapid advancements, driven by the increasing demand for fuel efficiency, safety features, and enhanced driving experience in modern vehicles. These systems, widely adopted in passenger cars, commercial vehicles, and electric vehicles, are designed to offer a more responsive and energy-efficient steering mechanism compared to traditional hydraulic systems. Motor-driven power steering (MDPS) systems rely on electric motors to provide the necessary steering assistance, thereby improving fuel efficiency and reducing carbon emissions—two critical requirements in today’s automotive industry.
Industries are increasingly relying on MDPS to meet the growing consumer demand for more comfortable and user-friendly vehicles. In Europe, where strict emissions regulations have created a competitive automotive market, manufacturers are under pressure to integrate advanced technologies like MDPS into their vehicles. These systems not only reduce vehicle weight, but also allow for the integration of other features such as lane assist and parking assistance. As the popularity of electric vehicles rises, the MDPS market is also benefiting from the increased need for lightweight, energy-efficient components.
In addition to the automotive sector, industries in Europe are embracing MDPS for use in commercial vehicles. This includes trucks and buses, where the reduction in fuel consumption and the enhanced driving comfort are becoming essential requirements. Commercial vehicles equipped with MDPS systems are experiencing improved maneuverability and reduced driver fatigue, which are critical elements for long-haul transportation.
The motor-driven power steering system market is also experiencing growth in niche industries, including autonomous vehicles, where precision steering control is crucial for safety and operational efficiency. Furthermore, in response to evolving market demands, manufacturers are focusing on innovation to enhance the system’s durability and integrate additional functionalities. These advancements make MDPS systems a key element in shaping the future of automotive design in Europe.
Overall, industries across Europe are increasingly turning to motor-driven power steering systems to fulfill their requirements for energy efficiency, safety, and performance. As the market continues to evolve, manufacturers are likely to witness significant growth opportunities, driven by consumer demand and technological advancements.
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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 Europe 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.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Motor-driven Power Steering System Market
Electric Motor
Hydraulic Pump
Steering Control Module
Torque Sensor
Other Components
Passenger Vehicles
Commercial Vehicles
Electric Vehicles
Hydraulic Power Steering (HPS)
Electric Power Steering (EPS)
Electro-Hydraulic Power Steering (EHPS)
Light-Duty Vehicles
Heavy-Duty Vehicles
Off-Road Vehicles
Original Equipment Manufacturers (OEM)
Aftermarket
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
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1. Introduction of the Europe Motor-driven Power Steering System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Market Size And Trends
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Motor-driven Power Steering System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Motor-driven Power Steering System Market, By Type
6. Europe Motor-driven Power Steering System Market, By Application
7. Europe Motor-driven Power Steering System Market, By Geography
Europe
8. Europe Motor-driven Power Steering System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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