Key Insights

The European electric power steering (EPS) market is experiencing robust growth, driven by the increasing adoption of advanced driver-assistance systems (ADAS) and the rising demand for fuel-efficient vehicles. The market, currently valued at approximately €X billion (assuming a reasonable market size based on global trends and the provided CAGR), is projected to maintain a healthy compound annual growth rate (CAGR) of 3.90% through 2033. This growth is fueled by several key factors. The stringent emission regulations implemented across Europe are compelling automakers to integrate fuel-saving technologies like EPS, which reduces engine load and improves fuel economy. Furthermore, the increasing demand for enhanced driving comfort and safety features is boosting the demand for EPS systems equipped with features such as lane-keeping assist and adaptive cruise control. The market segmentation reveals a strong preference for passenger cars, followed by light commercial vehicles (LCVs), with the heavy vehicle segment exhibiting slower, yet steady, growth. Within component types, the steering wheel/column segment dominates due to its essential nature, while the sensors and steering motor segments are witnessing significant growth due to technological advancements. Competitive dynamics are characterized by the presence of several prominent global players, including JTEKT, Hyundai Mobis, TRW Automotive, and Bosch, alongside several other key regional suppliers, creating a dynamic and innovative market landscape.

The dominance of established players in the European EPS market is expected to continue, with significant investment in research and development driving technological advancements such as advancements in sensor technology and improved motor efficiency. However, the increasing focus on electric and autonomous vehicles will present both opportunities and challenges. While the demand for EPS in these segments is undeniably high, the need for more sophisticated and integrated systems requires ongoing innovation and adaptation from existing players. The potential emergence of new, specialized companies focusing on specific aspects of EPS technology could reshape the competitive landscape further. The regional analysis suggests that countries like Germany, France, and the UK will continue to be key markets within Europe, driven by their significant automotive manufacturing sectors and advanced technological infrastructure. Overall, the European EPS market is poised for continued growth, driven by technological innovation, regulatory pressures, and the broader shift towards safer, more efficient, and technologically advanced vehicles.

Europe Electric Power Steering Industry Market Report: 2019-2033

This comprehensive report provides an in-depth analysis of the Europe Electric Power Steering industry, offering crucial insights for industry professionals, investors, and stakeholders. Covering the period 2019-2033, with a focus on 2025, this report meticulously examines market dynamics, growth trends, regional dominance, product landscapes, and key players. The report projects a market size of xx Million units by 2033, driven by factors such as increasing electric vehicle adoption and stringent emission regulations.

Europe Electric Power Steering Industry Market Dynamics & Structure

This section analyzes the competitive landscape, technological advancements, regulatory influences, and market trends within the European Electric Power Steering (EPS) market. The market is characterized by a moderate level of concentration, with key players holding significant market share. Technological innovation, particularly in areas like sensor technology and motor efficiency, is a primary driver of growth.

• Market Concentration: The market exhibits moderate concentration, with the top 5 players accounting for approximately xx% of the market share in 2025.
• Technological Innovation: Continuous advancements in electric motor technology, sensor integration, and software algorithms are driving efficiency and performance improvements. However, high R&D costs present a barrier to entry for smaller players.
• Regulatory Framework: Stringent emission regulations and safety standards within the European Union are pushing the adoption of EPS systems across various vehicle segments.
• Competitive Product Substitutes: While EPS systems are the dominant technology, the market faces some competition from traditional hydraulic steering systems, particularly in heavy vehicles.
• End-User Demographics: The growth of the EPS market is closely tied to the rising demand for passenger cars and light commercial vehicles (LCVs) in Europe.
• M&A Trends: The past five years have seen xx M&A deals within the European EPS market, primarily driven by strategies to expand product portfolios and gain access to new technologies. Consolidation is expected to continue.

Europe Electric Power Steering Industry Growth Trends & Insights

The European EPS market has demonstrated robust growth over the historical period (2019-2024), with a Compound Annual Growth Rate (CAGR) of xx%. This growth is anticipated to continue throughout the forecast period (2025-2033), driven by factors such as rising demand for electric and hybrid vehicles, increasing focus on fuel efficiency, and growing adoption of advanced driver-assistance systems (ADAS). Market penetration of EPS systems in passenger cars is expected to reach xx% by 2033, while penetration in LCVs and heavy vehicles is projected to increase to xx% and xx%, respectively. Technological advancements, particularly in areas such as improved energy efficiency and integration with ADAS, are further contributing to the growth trajectory. Consumer preferences are shifting towards vehicles with enhanced safety features and fuel economy, resulting in increased demand for EPS systems.

Dominant Regions, Countries, or Segments in Europe Electric Power Steering Industry

Germany, France, and the UK are the leading markets for EPS systems in Europe, accounting for over xx% of the total market value in 2025. The passenger car segment is the largest contributor to market growth, followed by the LCV segment. Within the component type segment, steering motors represent the most significant market share, followed by sensors. Growth is fueled by strong domestic automotive production and high adoption rates.

• Germany: Strong automotive industry, high technological expertise, and supportive government policies drive market growth.
• France: Growing demand for electric vehicles and increasing investments in automotive technology contribute to market expansion.
• UK: Significant presence of both OEMs and Tier-1 suppliers stimulates market activity, but Brexit-related uncertainties are a factor.
• Passenger Cars: This segment dominates due to increasing demand for fuel-efficient vehicles.
• Steering Motors: This segment is leading due to technological advancements and improved efficiency.

Europe Electric Power Steering Industry Product Landscape

The EPS market showcases a diverse range of products, including column type, pinion type, and dual pinion type steering systems. These systems are integrated into various vehicle types, ranging from passenger cars to heavy commercial vehicles. Recent innovations focus on improving energy efficiency, enhancing responsiveness, and integrating advanced features for better driver feedback.

Key Drivers, Barriers & Challenges in Europe Electric Power Steering Industry

Key Drivers: Stringent emission regulations promoting electric vehicle adoption; increasing demand for advanced driver-assistance systems (ADAS); technological advancements leading to improved fuel efficiency, safety, and driving experience.

Challenges: High initial investment costs; supply chain disruptions affecting component availability; intense competition among established players and new entrants; ensuring functional safety and reliability across diverse vehicle platforms. Supply chain disruptions, particularly semiconductor shortages, have impacted production and increased costs. This impacted the market negatively with xx% production loss in 2022.

Emerging Opportunities in Europe Electric Power Steering Industry

Opportunities exist in the integration of EPS with autonomous driving systems, advanced driver assistance features, and improved connectivity solutions. Growth is also expected in the heavy commercial vehicle segment as well as developing markets in Eastern Europe. Furthermore, the development of cost-effective, energy-efficient systems will tap into broader market segments.

Growth Accelerators in the Europe Electric Power Steering Industry

Technological advancements in electric motor design and sensor technology are primary growth catalysts. Strategic partnerships between OEMs and Tier-1 suppliers enhance production capacity and provide access to innovative technologies. Expanding market penetration in the heavy commercial vehicle segment and leveraging opportunities in autonomous driving technologies will drive significant growth in the coming years.

Key Players Shaping the Europe Electric Power Steering Industry Market

• JTEKT Corporation
• Hyundai Mobis Co Ltd
• TRW Automotive
• Infineon Technologies
• GKN PLC
• NSK Ltd
• Hitachi Automotive Systems
• Mitsubishi Electric Corporation
• Mando Corporation
• Nexteer Automotive
• Robert Bosch GmbH
• ATS Automation Tooling Systems Inc
• Delphi Automotive Systems
• Thyssenkrupp Presta AG
• Hafei Industrial Group Automobile Redirector Obligate Co Ltd
• ZF Friedrichshafen AG

Notable Milestones in Europe Electric Power Steering Industry Sector

• September 2022: Knorr-Bremse AG showcased its all-electric EPS steering system at IAA Transportation, highlighting its commitment to advanced safety technologies.
• May 2023: ZF Friedrichshafen AG debuted its AxTrax 2 electric axle platform, incorporating EPS fully electric steering, signaling advancements in commercial vehicle electrification.
• May 2023: Infineon Technologies AG launched the OptiMOS 7 40V MOSFET family, enhancing power efficiency in automotive applications including EPS.
• June 2023: Bosch showcased its new energy electric drive systems and steering systems at the Shanghai International Carbon Neutrality Expo 2023, emphasizing its commitment to sustainable mobility solutions.

In-Depth Europe Electric Power Steering Industry Market Outlook

The European EPS market is poised for substantial growth, driven by continuous technological advancements, supportive government regulations, and rising demand for electric and autonomous vehicles. Strategic partnerships and investments in R&D will further strengthen the industry's position, creating significant opportunities for both established players and new entrants. The market is projected to experience sustained growth, particularly in the commercial vehicle and autonomous driving segments. Companies focusing on innovation, energy efficiency, and safety features will be best positioned for success in this dynamic market.

Europe Electric Power Steering Industry Segmentation

• 1. Type
  • 1.1. Column Type
  • 1.2. Pinion Type
  • 1.3. Dual Pinion Type
• 2. Component Type
  • 2.1. Steering Wheel/Column
  • 2.2. Sensors
  • 2.3. Steering Motor
  • 2.4. Other Component Types
• 3. Vehicle Type
  • 3.1. Passenger Cars
  • 3.2. LCV
  • 3.3. Heavy Vehicles

Europe Electric Power Steering Industry Segmentation By Geography

• 1. Europe
  • 1.1. United Kingdom
  • 1.2. France
  • 1.3. Germany
  • 1.4. Italy
  • 1.5. Russia
  • 1.6. Rest of Europe