Press release
Global Electronic Power Steering (EPS) Market Poised for Growth Amid Rising Demand for Fuel Efficiency and Advanced Safety Features
Electronic Power Steering (EPS) Market
๐๐๐ซ๐ค๐๐ญ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค & ๐๐ซ๐จ๐ฃ๐๐๐ญ๐ข๐จ๐ง๐ฌ
The global electronic power steering market size reached USD 27,926.6 million in 2024. Worldwide demand for electronic power steering recorded Y-o-Y growth of 4.7% in 2024, and thus, the market is expected to reach USD 29,378.8 million in 2025. Over the projection period (2025 to 2035), global electronic power steering sales are predicted to rise swiftly at 5.2% CAGR and climb to a market size of USD 48,774.3 million by 2035-end.
๐๐๐ญ ๐๐ก๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐๐ฎ๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ: ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฐ!
https://www.futuremarketinsights.com/report-sample#5245502d47422d31393632
๐๐ง๐ฅ๐จ๐๐ค ๐๐๐ฒ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: ๐๐ฎ๐ฌ๐ญ-๐๐ง๐จ๐ฐ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
The EPS market is experiencing rapid growth due to the rising demand for lightweight and energy-efficient steering systems. As automotive manufacturers strive to meet stringent fuel economy and emission regulations, EPS is emerging as a preferred steering solution. Additionally, the integration of EPS with ADAS technologies, such as lane-keeping assist and automated parking, is driving innovation in the market. Moreover, the growing trend of electrification in the automotive sector is further propelling the adoption of EPS systems, as they enhance battery efficiency and contribute to the overall vehicle performance.
๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ญ๐ก๐ ๐ ๐ฎ๐ญ๐ฎ๐ซ๐: ๐๐ฌ๐ฌ๐๐ง๐ญ๐ข๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ
โข Increasing Demand for Fuel-Efficient Vehicles: EPS systems reduce fuel consumption by eliminating the need for a power-hungry hydraulic pump, making vehicles more energy-efficient.
โข Growth in Electric and Hybrid Vehicles: As the adoption of EVs rises, the demand for EPS is increasing due to its compatibility with electric drivetrains and its ability to improve energy efficiency.
โข Integration with ADAS & Autonomous Driving Technologies: Advanced driver assistance features rely on EPS for precise steering control, enhancing vehicle safety and automation capabilities.
โข Stringent Emission Regulations: Governments worldwide are implementing stricter emission norms, encouraging automakers to adopt EPS for its contribution to fuel efficiency and reduced carbon emissions.
โข Rise in Vehicle Production & Technological Advancements: Increasing vehicle production, especially in emerging markets, along with advancements in sensor technology, is fostering EPS market growth.
๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฉ๐จ๐ซ๐ญ: ๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
https://www.futuremarketinsights.com/reports/electronic-power-steering-market
๐๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ
โข Passenger Vehicles: EPS enhances driving comfort, fuel efficiency, and integration with ADAS features in modern cars.
โข Commercial Vehicles: Trucks and buses benefit from EPS by improving maneuverability and reducing driver fatigue.
โข Electric & Hybrid Vehicles: EPS plays a critical role in improving battery efficiency and optimizing steering control in EVs.
โข Autonomous Vehicles: Self-driving vehicles require advanced EPS systems for precision steering and automated lane control.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค
โข North America and Europe remain dominant markets for EPS, driven by stringent fuel efficiency regulations, a high adoption rate of ADAS technologies, and strong automotive manufacturing capabilities.
โข Asia-Pacific is expected to witness the fastest growth, with increasing vehicle production in China, India, Japan, and South Korea, coupled with rising EV adoption.
โข Latin America, the Middle East, and Africa are projected to experience steady growth due to expanding urbanization, infrastructure development, and growing demand for modern vehicles.
๐๐ง๐ฅ๐จ๐๐ค ๐๐๐ฒ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ก๐๐ฌ๐ฌ๐ข๐ฌ ๐๐ฒ๐ฌ๐ญ๐๐ฆ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
https://www.futuremarketinsights.com/industry-analysis/automotive-chassis-system
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
โข JTEKT Corporation
โข Nexteer Automotive Group Ltd.
โข Robert Bosch GmbH
โข ZF Friedrichshafen AG
โข NSK Ltd.
โข ThyssenKrupp AG
โข Mando Corporation
โข Hyundai Mobis Co., Ltd.
โข Showa Corporation
โข Delphi Technologies
๐๐๐ฒ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง๐ฌ
๐๐ฒ ๐๐๐ก๐ข๐๐ฅ๐ ๐๐ฒ๐ฉ๐:
โข Passenger Vehicles
โข Commercial Vehicles
โข Electric & Hybrid Vehicles
๐๐ฒ ๐๐๐ ๐๐ฒ๐ฉ๐:
โข Column Assist EPS (C-EPS)
โข Pinion Assist EPS (P-EPS)
โข Rack Assist EPS (R-EPS)
โข Integrated EPS (I-EPS)
๐๐ฒ ๐๐จ๐ฆ๐ฉ๐จ๐ง๐๐ง๐ญ:
โข Steering Column
โข Steering Motor
โข Sensors
โข Electronic Control Unit (ECU)
โข Others
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง:
โข Passenger Cars
โข Light Commercial Vehicles (LCVs)
โข Heavy Commercial Vehicles (HCVs)
๐๐ฒ ๐๐๐ฅ๐๐ฌ ๐๐ก๐๐ง๐ง๐๐ฅ:
โข OEM
โข Aftermarket
๐๐ฒ ๐๐๐ ๐ข๐จ๐ง:
โข North America
โข Europe
โข Asia-Pacific
โข Latin America
โข Middle East & Africa
๐๐ซ๐ข๐ฏ๐ ๐ญ๐ก๐ ๐ ๐ฎ๐ญ๐ฎ๐ซ๐: ๐๐ซ๐๐ง๐๐ฌ & ๐๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ก๐๐ฌ๐ฌ๐ข๐ฌ ๐๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ
Automotive Suspension System Market Size, Trends & Forecast 2025-2035
https://www.futuremarketinsights.com/reports/automotive-suspension-systems-market
Fifth Wheel Coupling Market Size, Trends & Forecast 2025 to 2035
https://www.futuremarketinsights.com/reports/automotive-fifth-wheel-coupling-market
Automotive Composite Leaf Springs Market Size & Forecast 2025-2035
https://www.futuremarketinsights.com/reports/automotive-composite-leaf-springs-market
Automotive Connecting Rod Market Size & Forecast 2025-2035
https://www.futuremarketinsights.com/reports/connecting-rods-market
Rail Wheel & Axle Market Size & Growth 2025-2035
https://www.futuremarketinsights.com/reports/rail-wheel-and-axle-market
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Electronic Power Steering (EPS) Market Poised for Growth Amid Rising Demand for Fuel Efficiency and Advanced Safety Features here
News-ID: 3848842 • Views: โฆ
More Releases from Future Market Insights, Inc.
Global Weatherization Services Market Size Estimated to Exceed USD 58.6 Billion โฆ
The global weatherization service market is on track for significant growth, with a projected market valuation of USD 58.6 billion by 2035. This represents a substantial increase from the estimated USD 35.5 billion market value in 2025. This upward trend is fueled by a steady Compound Annual Growth Rate (CAGR) of 3.7% anticipated from 2025 to 2035.
A key driver of this impressive growth is the global push for promoting weatherizationโฆ
Global Glass Door Merchandisers Market Revenue Anticipated to Surpass USD 13,557 โฆ
Future Market Insights (FMI) has released a comprehensive analysis projecting substantial growth in the glass door merchandisers market, with an anticipated valuation surpassing USD 13,557.9 million by 2028. The study highlights a robust Compound Annual Growth Rate (CAGR) of 7.5% from 2022 to 2028, indicating a promising trajectory for market expansion.
Discover What's Inside - Request Your Sample Report Now. https://www.futuremarketinsights.com/report-sample#5245502d47422d37343230
The analysis conducted by FMI underscores several key factors driving thisโฆ
FMI Analysis Affirms Global Extruder and Compounding Machines Market Size to Cro โฆ
The global extruder and compounding machines market is poised for steady growth over the next decade, with a projected valuation of USD 113.96 billion by 2034. This expansion is anticipated to occur at a Compound Annual Growth Rate (CAGR) of 4.2%, building upon a market size of USD 75.53 billion in 2024.
This report provides a comprehensive analysis of the extruder and compounding machines market, including a comparison with closely relatedโฆ
Global Card Printer Ribbons Market Anticipated to Surge Past USD 1264.8 Million โฆ
The global card printer ribbons market is poised for substantial expansion, with a projected Compound Annual Growth Rate (CAGR) of 4% from 2024 to 2034. Having achieved noteworthy sales of USD 854.4 million in 2024, the market is anticipated to witness a significant surge, surpassing the significant milestone of USD 1264.8 million by the conclusion of the assessment period in 2034.
Get Ahead Of The Curve - Request Your Sample Reportโฆ
More Releases for EPS
Single-Pinion EPS & Dual-Pinion EPS Market Size and Growth Forecast by Applicati โฆ
USA, New Jersey- According to Market Research Intellect, the global Single-Pinion EPS & Dual-Pinion EPS market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The market for single-pinion and dual-pinion electric power steering (EPS) systems is expanding due to the increasing demand for fuel-efficient and advancedโฆ
Single-Pinion EPS & Dual-Pinion EPS Market Trends and Forecast Report 2022 | By โฆ
The QY Research released a latest market research report on the global and United States Single-Pinion EPS & Dual-Pinion EPSย market, which is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Single-Pinion EPS & Dual-Pinion EPSย market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecastโฆ
Electronic Power Steering (EPS) Market Forecast to 2027 - COVID-19 Impact and Gl โฆ
In terms of revenue, the global electronic power steering market was valued at US$ 52.6 billion in 2019 and is projected to reach US$ 54.9 billion by 2027; it is expected to grow at a CAGR of 3.6% during the forecast period from 2020 to 2027.
Download PDF Sample Copy @ www.theinsightpartners.com/sample/TIPTE100000331/?utm_source=openpr&utm_medium=10387
Major Players in the market are: Hyundai Mobis, JTEKT Corporation, Mitsubishi Electric Corporation, Nexteer Automotive, NSK Ltd., Robert Bosch GmbH,โฆ
Light Commercial Vehicle EPS Market Forecast to 2028 - Covid-19 Impact and Globa โฆ
Electric Power Steering (EPS) is the latest technology in the field of Automobile industry. Compared to the traditional steering system, EPS enhance the driving experience for car drivers and also increases the fuel efficiency. Many car manufacturing companies are offering EPS technology in their cars.
Download PDF Sample Copy @ www.theinsightpartners.com/sample/TIPTE100000676/?utm_source=OpenPR&utm_medium=10387
Major Players in the market are: JTEKT Corporation., Robert Bosch GmbH, NSK Ltd., ZF Friedrichshafen AG, Nexteer Automotive, Hyundai Mobis Co.,โฆ
Global Power Assisted Steering PAS Market By Type (C-EPS, P-EPS, R-EPS) By Appli โฆ
The Global Power Assisted Steering PAS Market 2020 report implement in-depth research of the industry with a focus on the current market trends future prospects. The Global Power Assisted Steering PAS Market report aims to provide an overview of Power Assisted Steering PAS Market players with detailed market segmentation by product, application and geographical region. It also provides market share and size, revenue forecast, growth opportunity. The most recent trendingโฆ
eps - around the World with Lady Gaga
Infrastructure service provider on tour
Since early 2012, infrastructure service provider eps has been on a world tour with one of the most popular and innovative performers of our time: Lady Gaga and her โBorn This Way Ballโ.
eps tour equipment
At the request of promoter Live Nation Global Touring, eps provided a variety of equipment: GIGS stage barricades with special elements for unique configurations, turf protection systems like Terraplas, Supa-Trac and Rollaway,โฆ
