Emerging Markets Driving Italy Electric Power Steering Market Growth

Italy Electric Power Steering Market by Type (Column Type, , Pinion Type, Dual Pinion Type), by Component Type (Steering Rack/Column, Sensor, Steering Motor, Other Components), by Vehicle Type (Passenger Cars, Commercial Vehicles), by Italy Forecast 2025-2033

Jun 24 2025
Base Year: 2024
197 Pages
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Emerging Markets Driving Italy Electric Power Steering Market Growth

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Key Insights

The Italy Electric Power Steering (EPS) market, valued at approximately €150 million in 2025, is projected to experience robust growth, driven by increasing adoption of Advanced Driver-Assistance Systems (ADAS) and stringent fuel efficiency regulations within the automotive sector. The market's Compound Annual Growth Rate (CAGR) exceeding 4% from 2025 to 2033 indicates a significant expansion. Key growth drivers include the rising demand for passenger vehicles equipped with enhanced safety and comfort features, coupled with the increasing preference for fuel-efficient vehicles. The market segmentation reveals a diverse landscape, with the passenger car segment dominating, followed by commercial vehicles. Within component types, steering racks/columns currently hold the largest share, but sensors and steering motors are expected to witness substantial growth, propelled by the integration of increasingly sophisticated EPS systems. While the market faces potential restraints from high initial investment costs and technological complexities associated with advanced EPS systems, the long-term benefits in terms of fuel economy and safety are likely to outweigh these challenges, fostering market expansion.

Leading players like JTEKT, Denso, ZF Friedrichshafen, NSK, and GKN are actively shaping the market dynamics through technological advancements and strategic partnerships. The competitive landscape is characterized by a mix of established global players and regional manufacturers. The Italian market specifically benefits from a growing automotive manufacturing base and a strong focus on technological innovation, providing fertile ground for EPS market growth. Future projections suggest a continued upward trend, with the market expected to surpass €200 million by 2030, driven by advancements in electric and hybrid vehicle technologies and the increasing penetration of autonomous driving features. The market's growth trajectory highlights a promising investment opportunity for stakeholders involved in the design, manufacturing, and supply of EPS components and systems.

Italy Electric Power Steering Market Research Report - Market Size, Growth & Forecast

Italy Electric Power Steering Market: A Comprehensive Report (2019-2033)

This in-depth report provides a comprehensive analysis of the Italy Electric Power Steering (EPS) market, offering invaluable insights for industry professionals, investors, and strategists. The report covers the period 2019-2033, with a focus on the 2025-2033 forecast period. The base year for the analysis is 2025. The report segments the market by type (Column Type, Pinion Type, Dual Pinion Type), component type (Steering Rack/Column, Sensor, Steering Motor, Other Components), and vehicle type (Passenger Cars, Commercial Vehicles). Key players like JTEKT Corporation, Denso Corporation, ZF Friedrichshafen AG, NSK Ltd, GKN PLC, Mitsubishi Electric Corporation, Nexteer Automotive, Robert Bosch GmbH, Hubei Henglong Auto System Group, and Thyssenkrupp Presta AG are profiled, providing a granular understanding of market dynamics. The report is meticulously structured with concise paragraphs and targeted bullet points, making it an accessible and insightful resource. Market values are expressed in million units.

Italy Electric Power Steering Market Market Dynamics & Structure

The Italian EPS market is characterized by a moderately concentrated structure, with key players vying for market share through technological innovation and strategic partnerships. The market is driven by stringent fuel efficiency regulations, increasing demand for advanced driver-assistance systems (ADAS), and the rising adoption of electric and hybrid vehicles. Technological advancements, particularly in sensor technology and motor efficiency, are key innovation drivers. Mergers and acquisitions (M&A) activity has been moderate, with strategic alliances focusing on technology sharing and expanding geographical reach.

  • Market Concentration: xx% held by top 5 players in 2025.
  • Technological Innovation: Focus on improving energy efficiency, integrating ADAS features, and enhancing steering feel.
  • Regulatory Framework: Stringent emission standards are a key driver for EPS adoption.
  • Competitive Substitutes: Hydraulic power steering systems remain a competitor, but EPS's advantages are becoming increasingly compelling.
  • End-User Demographics: Growth driven by increasing sales of passenger cars, particularly in the premium segment.
  • M&A Trends: xx M&A deals recorded in the past 5 years, primarily focused on technological collaborations. Innovation barriers include high R&D costs and complexities in integrating advanced features.

Italy Electric Power Steering Market Growth Trends & Insights

The Italian EPS market is experiencing significant growth, driven by the factors outlined above. The market size is projected to reach xx million units by 2025, exhibiting a CAGR of xx% during the forecast period (2025-2033). This growth is attributed to several factors, including rising passenger car sales, increased demand for fuel-efficient vehicles, and the integration of EPS into ADAS. Consumer preference is shifting towards vehicles with enhanced safety and comfort features, further fueling the adoption of EPS. Technological disruptions, such as the development of more efficient and cost-effective EPS systems, are accelerating market growth. Market penetration is expected to reach xx% by 2033.

Italy Electric Power Steering Market Growth

Dominant Regions, Countries, or Segments in Italy Electric Power Steering Market

The passenger car segment is the dominant driver of growth in the Italian EPS market, accounting for xx% of the total market share in 2025. Within the component type segment, the steering rack/column component holds the largest market share, followed by sensors and steering motors. The Northern region of Italy exhibits the highest adoption rate due to factors like higher vehicle ownership, advanced infrastructure, and a robust automotive manufacturing base.

  • Key Drivers: Stringent emission regulations, government incentives for fuel-efficient vehicles, and growing demand for advanced safety features.
  • Dominance Factors: High vehicle density in Northern Italy, presence of major automotive manufacturers, and well-established supply chains.
  • Growth Potential: Significant potential exists in the commercial vehicle segment, driven by increasing fleet modernization and stringent safety standards.

Italy Electric Power Steering Market Product Landscape

The Italian EPS market offers a diverse range of products, including column-type, pinion-type, and dual-pinion-type EPS systems. These systems are designed to enhance steering responsiveness, fuel efficiency, and driver comfort. Innovations include the integration of advanced sensors for improved vehicle stability and the development of more compact and lightweight EPS systems. Unique selling propositions often center on enhanced fuel efficiency, improved steering feel, and increased safety features.

Key Drivers, Barriers & Challenges in Italy Electric Power Steering Market

Key Drivers:

  • Increasing demand for fuel-efficient vehicles.
  • Stringent emission regulations.
  • Growing adoption of ADAS.
  • Advancements in EPS technology.

Challenges and Restraints:

  • High initial investment costs for manufacturers.
  • Complex integration with existing vehicle systems.
  • Competition from hydraulic power steering systems (although diminishing).
  • Potential supply chain disruptions affecting component availability. This can impact production by xx% in extreme cases.

Emerging Opportunities in Italy Electric Power Steering Market

Emerging opportunities lie in the growing adoption of electric and hybrid vehicles, the increasing demand for autonomous driving features, and the development of more sophisticated ADAS. The integration of EPS into connected car technologies and the expansion into the commercial vehicle segment presents further growth potential. Untapped markets include the replacement market for older vehicles and the aftermarket sector.

Growth Accelerators in the Italy Electric Power Steering Market Industry

Long-term growth is fueled by ongoing technological advancements in EPS technology, strategic partnerships between automotive manufacturers and EPS suppliers, and government initiatives promoting fuel efficiency and emission reduction. Expansion into new geographical markets and the development of customized EPS solutions for specific vehicle types will further accelerate market growth.

Key Players Shaping the Italy Electric Power Steering Market Market

  • JTEKT Corporation
  • Denso Corporation
  • ZF Friedrichshafen AG
  • NSK Ltd
  • GKN PLC
  • Mitsubishi Electric Corporation
  • Nexteer Automotive
  • Robert Bosch GmbH
  • Hubei Henglong Auto System Group
  • Thyssenkrupp Presta AG

Notable Milestones in Italy Electric Power Steering Market Sector

  • 2021 (Q4): Launch of a new generation EPS system by ZF Friedrichshafen AG, incorporating enhanced safety features.
  • 2022 (Q2): Strategic partnership between Denso Corporation and an Italian automotive manufacturer for joint development of EPS technology.
  • 2023 (Q1): Introduction of stricter emission standards by the Italian government, further boosting EPS adoption.
  • 2024 (Q3): Acquisition of a smaller EPS component supplier by Robert Bosch GmbH, expanding its market reach.

In-Depth Italy Electric Power Steering Market Market Outlook

The future of the Italian EPS market is promising, with continued growth driven by technological innovations, supportive government policies, and increasing consumer demand for advanced vehicle features. Strategic partnerships and expansion into new vehicle segments, such as commercial vehicles and autonomous vehicles, will shape the future market landscape. The market is poised for sustained growth, presenting significant opportunities for both established players and new entrants.

Italy Electric Power Steering Market Segmentation

  • 1. Type
    • 1.1. Column Type,
    • 1.2. Pinion Type
    • 1.3. Dual Pinion Type
  • 2. Component Type
    • 2.1. Steering Rack/Column
    • 2.2. Sensor
    • 2.3. Steering Motor
    • 2.4. Other Components
  • 3. Vehicle Type
    • 3.1. Passenger Cars
    • 3.2. Commercial Vehicles

Italy Electric Power Steering Market Segmentation By Geography

  • 1. Italy
Italy Electric Power Steering Market Regional Share

Italy Electric Power Steering Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2019-2033
Base Year 2024
Estimated Year 2025
Forecast Period2025-2033
Historical Period2019-2024
Growth RateCAGR of > 4.00% from 2019-2033
Segmentation
    • By Type
      • Column Type,
      • Pinion Type
      • Dual Pinion Type
    • By Component Type
      • Steering Rack/Column
      • Sensor
      • Steering Motor
      • Other Components
    • By Vehicle Type
      • Passenger Cars
      • Commercial Vehicles
  • By Geography
    • Italy

Table of Contents

  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Increasing Electric Vehicle Sales May Drive the Market
      • 3.3. Market Restrains
        • 3.3.1. The Ongoing Russia-Ukraine May Hamper the Growth of the Market
      • 3.4. Market Trends
        • 3.4.1. Sensors are Expected to Grow at Rapid Pace in the Market
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Italy Electric Power Steering Market Analysis, Insights and Forecast, 2019-2031
    • 5.1. Market Analysis, Insights and Forecast - by Type
      • 5.1.1. Column Type,
      • 5.1.2. Pinion Type
      • 5.1.3. Dual Pinion Type
    • 5.2. Market Analysis, Insights and Forecast - by Component Type
      • 5.2.1. Steering Rack/Column
      • 5.2.2. Sensor
      • 5.2.3. Steering Motor
      • 5.2.4. Other Components
    • 5.3. Market Analysis, Insights and Forecast - by Vehicle Type
      • 5.3.1. Passenger Cars
      • 5.3.2. Commercial Vehicles
    • 5.4. Market Analysis, Insights and Forecast - by Region
      • 5.4.1. Italy
  6. 6. Competitive Analysis
    • 6.1. Market Share Analysis 2024
      • 6.2. Company Profiles
        • 6.2.1 JTEKT Corporation
          • 6.2.1.1. Overview
          • 6.2.1.2. Products
          • 6.2.1.3. SWOT Analysis
          • 6.2.1.4. Recent Developments
          • 6.2.1.5. Financials (Based on Availability)
        • 6.2.2 Denso Corporation
          • 6.2.2.1. Overview
          • 6.2.2.2. Products
          • 6.2.2.3. SWOT Analysis
          • 6.2.2.4. Recent Developments
          • 6.2.2.5. Financials (Based on Availability)
        • 6.2.3 ZF Friedrichshafen A
          • 6.2.3.1. Overview
          • 6.2.3.2. Products
          • 6.2.3.3. SWOT Analysis
          • 6.2.3.4. Recent Developments
          • 6.2.3.5. Financials (Based on Availability)
        • 6.2.4 NSK Ltd
          • 6.2.4.1. Overview
          • 6.2.4.2. Products
          • 6.2.4.3. SWOT Analysis
          • 6.2.4.4. Recent Developments
          • 6.2.4.5. Financials (Based on Availability)
        • 6.2.5 GKN PLC
          • 6.2.5.1. Overview
          • 6.2.5.2. Products
          • 6.2.5.3. SWOT Analysis
          • 6.2.5.4. Recent Developments
          • 6.2.5.5. Financials (Based on Availability)
        • 6.2.6 Mitsubishi Electric Corporation
          • 6.2.6.1. Overview
          • 6.2.6.2. Products
          • 6.2.6.3. SWOT Analysis
          • 6.2.6.4. Recent Developments
          • 6.2.6.5. Financials (Based on Availability)
        • 6.2.7 Nexteer Automotive
          • 6.2.7.1. Overview
          • 6.2.7.2. Products
          • 6.2.7.3. SWOT Analysis
          • 6.2.7.4. Recent Developments
          • 6.2.7.5. Financials (Based on Availability)
        • 6.2.8 Robert Bosch GmbH
          • 6.2.8.1. Overview
          • 6.2.8.2. Products
          • 6.2.8.3. SWOT Analysis
          • 6.2.8.4. Recent Developments
          • 6.2.8.5. Financials (Based on Availability)
        • 6.2.9 Hubei Henglong Auto System Group
          • 6.2.9.1. Overview
          • 6.2.9.2. Products
          • 6.2.9.3. SWOT Analysis
          • 6.2.9.4. Recent Developments
          • 6.2.9.5. Financials (Based on Availability)
        • 6.2.10 Thyssenkrupp Presta AG
          • 6.2.10.1. Overview
          • 6.2.10.2. Products
          • 6.2.10.3. SWOT Analysis
          • 6.2.10.4. Recent Developments
          • 6.2.10.5. Financials (Based on Availability)

List of Figures

  1. Figure 1: Italy Electric Power Steering Market Revenue Breakdown (Million, %) by Product 2024 & 2032
  2. Figure 2: Italy Electric Power Steering Market Share (%) by Company 2024

List of Tables

  1. Table 1: Italy Electric Power Steering Market Revenue Million Forecast, by Region 2019 & 2032
  2. Table 2: Italy Electric Power Steering Market Revenue Million Forecast, by Type 2019 & 2032
  3. Table 3: Italy Electric Power Steering Market Revenue Million Forecast, by Component Type 2019 & 2032
  4. Table 4: Italy Electric Power Steering Market Revenue Million Forecast, by Vehicle Type 2019 & 2032
  5. Table 5: Italy Electric Power Steering Market Revenue Million Forecast, by Region 2019 & 2032
  6. Table 6: Italy Electric Power Steering Market Revenue Million Forecast, by Country 2019 & 2032
  7. Table 7: Italy Electric Power Steering Market Revenue Million Forecast, by Type 2019 & 2032
  8. Table 8: Italy Electric Power Steering Market Revenue Million Forecast, by Component Type 2019 & 2032
  9. Table 9: Italy Electric Power Steering Market Revenue Million Forecast, by Vehicle Type 2019 & 2032
  10. Table 10: Italy Electric Power Steering Market Revenue Million Forecast, by Country 2019 & 2032

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the Italy Electric Power Steering Market?

The projected CAGR is approximately > 4.00%.

2. Which companies are prominent players in the Italy Electric Power Steering Market?

Key companies in the market include JTEKT Corporation, Denso Corporation, ZF Friedrichshafen A, NSK Ltd, GKN PLC, Mitsubishi Electric Corporation, Nexteer Automotive, Robert Bosch GmbH, Hubei Henglong Auto System Group, Thyssenkrupp Presta AG.

3. What are the main segments of the Italy Electric Power Steering Market?

The market segments include Type, Component Type, Vehicle Type.

4. Can you provide details about the market size?

The market size is estimated to be USD XX Million as of 2022.

5. What are some drivers contributing to market growth?

Increasing Electric Vehicle Sales May Drive the Market.

6. What are the notable trends driving market growth?

Sensors are Expected to Grow at Rapid Pace in the Market.

7. Are there any restraints impacting market growth?

The Ongoing Russia-Ukraine May Hamper the Growth of the Market.

8. Can you provide examples of recent developments in the market?

N/A

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in Million.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "Italy Electric Power Steering Market," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the Italy Electric Power Steering Market report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the Italy Electric Power Steering Market?

To stay informed about further developments, trends, and reports in the Italy Electric Power Steering Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.

Methodology

Step 1 - Identification of Relevant Samples Size from Population Database

Step Chart
Bar Chart
Method Chart

Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Approach Chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

Note*: In applicable scenarios

Step 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
Analyst Chart

Step 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.

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[email protected]