Car Electric Power Steering Market Revenue was valued at USD 28.5 Billion in 2024 and is estimated to reach USD 48.3 Billion by 2033, growing at a CAGR of 6.2% from 2026 to 2033.
Asia Pacific Car Electric Power Steering Market Surges With Industrial Adaptation Amid Changing Automotive Landscape
The Asia Pacific Car Electric Power Steering Market Is Undergoing A Dynamic Transformation As Automakers, Oems, And Tier 1 Suppliers Shift Towards More Intelligent, Energy Efficient, And User Centric Driving Technologies. With Ev Adoption Accelerating And Global Fuel Economy Standards Tightening, Electric Power Steering (Eps) Systems Are Becoming Indispensable For Next Gen Vehicle Architectures.
Industries Across The Automotive Spectrum—Particularly In China, Japan, India, And South Korea—Are Demanding Eps Systems Due To Their Fuel Saving Potential, Ease Of Integration With Advanced Driver Assistance Systems (Adas), And Compact Design. Unlike Traditional Hydraulic Systems, Eps Eliminates The Need For Belts And Fluids, Resulting In A Cleaner, More Reliable, And Cost Effective Steering Solution.
Key Industry Drivers Include:
Rapid Electrification Of Passenger Vehicles And Light Commercial Fleets
Oem Mandates For Steer By Wire Readiness In Autonomous Vehicle Programs
Demand For Reduced Emissions And Enhanced Steering Responsiveness
From My Own Observation Attending Regional Auto Expos And Speaking To System Integrators, ItS Clear That Electric Power Steering Is No Longer Just A Luxury Feature. Tier 2 Cities In India And Southeast Asia Are Seeing Entry Level Vehicles Equipped With Column Assist Eps Due To Rising Consumer Expectations For Comfort And Drivability.
In Japan, Where Kei Cars Dominate Urban Transport, Rack Assist Eps Systems Are Being Integrated To Support Collision Avoidance Features And Lane Keep Assistance—Technologies Once Reserved For Premium Sedans. Similarly, South Korean Brands Are Investing In Modular Eps Platforms To Support Both Ice And Electric Models, Streamlining Production And Reducing Costs.
The Car Electric Power Steering Market In Asia Pacific Is Not Just Growing—ItS Evolving. With Over 40% Of New Vehicle Models In 2024 Expected To Rely Solely On Eps, The Market Is Pivoting Towards Software Driven Steering Calibration And Data Based Performance Analytics. For Manufacturers, This Means The Opportunity Is No Longer Just In Hardware But Also In The Software Ecosystems That Support Predictive Maintenance And Driver Behavior Mapping.
Get an In-Depth Research Analysis of the Asia Pacific Car Electric Power Steering Market Size And Forecast [2025-2032]
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Bosch
NSK
Nexteer
ZF
Mobis
Showa
Thyssenkrupp
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By 2030, Asia Pacific is expected to witness significant momentum in the market research industry, aligning with the global projection of surpassing $120 billion, driven by a compound annual growth rate (CAGR) of over 5.8% from 2023 to 2030. The industry in Asia Pacific is being reshaped by technological disruptions, particularly through the adoption of machine learning, artificial intelligence, and advanced data analytics. These technologies provide businesses with predictive analysis and real-time consumer insights, enabling smarter and more precise decision-making. As part of the broader Asia-Pacific region, Asia Pacific is positioned to contribute substantially to the over 35% revenue growth expected from this region. Additionally, the adoption of innovative techniques such as mobile surveys, social listening, and online panels is rapidly gaining ground in Asia Pacific, emphasizing speed, precision, and customization, and driving a new era of data-driven strategies across industries.
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Growing demand for below applications around the world has had a direct impact on the growth of the Asia Pacific 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
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Asia Pacific 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. Asia Pacific Car Electric Power Steering Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Asia Pacific Car Electric Power Steering Market, By Type
6. Asia Pacific Car Electric Power Steering Market, By Application
7. Asia Pacific Car Electric Power Steering Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Asia Pacific
Vietnam
8. Asia Pacific Car Electric Power Steering Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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