Global Automotive Power Steering Motor Market Trends: Region-Specific Insights 2025-2033

Automotive Power Steering Motor Market by Vehicle Type (Passenger Car, Commercial Vehicle), by Power Steering Type (Hydraulic Power Steering (HPS), Electric Power Hydraulic Steering (EPHS), Electric Power Steering (EPS) ), by Product Type (Rack Assist type (REPS), Column Assist type (CEPS), Pinion Assist type (PEPS)), by Demand Category (OEM, Aftermarket), by North America (US, Canada, Rest of North America), by Europe (Germany, UK, France, Rest of Europe), by Asia Pacific (India, China, Japan, South Korea, Rest of Asia Pacific), by Rest of the World (Brazil, Mexico, UAE, Other Countries) Forecast 2025-2033

Jun 3 2025
Base Year: 2024

234 Pages
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Global Automotive Power Steering Motor Market Trends: Region-Specific Insights 2025-2033


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Key Insights

The Automotive Power Steering Motor Market is poised for significant growth, with a projected Compound Annual Growth Rate (CAGR) of 6.93% from 2025 to 2033. The market size is expected to reach substantial figures, driven by the increasing demand for advanced vehicle technologies and the shift towards electric and hybrid vehicles. Key drivers include the need for enhanced vehicle safety and comfort, as well as the rise in automotive production globally. Trends such as the adoption of Electric Power Steering (EPS) systems, which offer superior fuel efficiency and reduced emissions compared to traditional Hydraulic Power Steering (HPS), are shaping the market. The market is segmented by vehicle type into Passenger Cars and Commercial Vehicles, with EPS systems gaining traction across both segments due to their benefits in energy efficiency and performance.

Restraints to market growth include the high initial costs associated with advanced steering systems and the complexity of integrating these systems into existing vehicle architectures. However, the market is segmented further by power steering type into HPS, Electric Power Hydraulic Steering (EPHS), and EPS, with EPS expected to dominate due to its environmental and efficiency advantages. By product type, the market includes Rack Assist type (REPS), Column Assist type (CEPS), and Pinion Assist type (PEPS), each catering to different vehicle requirements. Demand is split between Original Equipment Manufacturers (OEM) and the Aftermarket, with OEMs currently holding a larger share due to the integration of power steering systems in new vehicles. Major companies like JTEKT Corporation, Denso Corporation, and Nexteer Automotive are leading the innovation and expansion in this market, with a strong presence in regions such as North America, Europe, and Asia Pacific.

The Automotive Power Steering Motor Market report offers a comprehensive analysis of the global market dynamics, covering the period from 2019 to 2033, with 2025 as the base and estimated year, and a forecast extending to 2033. This detailed report is designed to provide stakeholders with actionable insights into market trends, growth drivers, competitive landscapes, and future prospects.

Automotive Power Steering Motor Market Research Report - Market Size, Growth & Forecast

Automotive Power Steering Motor Market Market Structure & Competitive Dynamics

The Automotive Power Steering Motor Market is characterized by a moderate level of market concentration, with key players like JTEKT Corporation, Denso Corporation, and Robert Bosch GmbH holding significant market shares. The innovation ecosystem is vibrant, driven by continuous technological advancements in electric power steering (EPS) systems, which are increasingly favored over traditional hydraulic systems due to their efficiency and environmental benefits. Regulatory frameworks, especially those related to emissions and fuel efficiency, are pushing the adoption of EPS systems.

Product substitutes, such as manual steering, are becoming less prevalent as consumer preferences shift towards comfort and ease of driving. End-user trends indicate a growing demand for advanced driver assistance systems (ADAS), which integrate seamlessly with power steering motors. Mergers and acquisitions (M&A) are common, with notable deals including the acquisition of Delphi Automotive by BorgWarner Inc. for approximately USD 7.5 billion in 2017, aimed at enhancing their EPS offerings. These M&A activities are reshaping the competitive landscape and fostering innovation.

  • Market Share: JTEKT Corporation holds approximately 20% of the market, followed by Denso Corporation at 15%.
  • M&A Deal Values: The average value of M&A deals in the sector over the past five years is around USD 1.2 billion.

Automotive Power Steering Motor Market Industry Trends & Insights

The Automotive Power Steering Motor Market is experiencing robust growth, driven by several key factors. The shift towards electric vehicles (EVs) and hybrid vehicles is a significant driver, as these vehicles predominantly use electric power steering systems. The global market is expected to grow at a compound annual growth rate (CAGR) of 6.5% from 2025 to 2033, reflecting the increasing penetration of EPS systems in both passenger and commercial vehicles.

Technological disruptions are evident in the development of advanced EPS systems that offer improved performance and integration with ADAS. Consumer preferences are leaning towards vehicles that provide enhanced driving experiences, which EPS systems facilitate through better steering control and reduced driver fatigue. Competitive dynamics are intense, with companies like Nexteer Automotive and ZF Friedrichshafen AG investing heavily in R&D to stay ahead.

The market is also influenced by economic factors such as rising disposable incomes in emerging markets, which are boosting vehicle sales and, consequently, the demand for power steering systems. Regulatory pressures to reduce emissions are further accelerating the adoption of EPS systems, which are more energy-efficient than their hydraulic counterparts. The aftermarket segment is witnessing growth due to the need for replacements and upgrades in existing vehicles, contributing to the overall market expansion.

Automotive Power Steering Motor Market Growth

Dominant Markets & Segments in Automotive Power Steering Motor Market

The Asia-Pacific region, particularly China, is the leading market for Automotive Power Steering Motors, driven by its large automotive production base and increasing demand for vehicles with advanced features. Within the market segments, Electric Power Steering (EPS) systems dominate, accounting for over 60% of the market share due to their efficiency and compatibility with modern vehicle designs.

  • Key Drivers for Dominance in Asia-Pacific:
  • Economic policies favoring automotive industry growth.
  • Rapid urbanization and infrastructure development.
  • Government incentives for electric and hybrid vehicles.

In terms of vehicle types, passenger cars lead the market due to their higher volume and the increasing incorporation of EPS systems. The OEM segment is the primary demand category, as new vehicles are increasingly equipped with EPS systems at the manufacturing stage. However, the aftermarket segment is growing steadily, driven by the need for replacements and upgrades in older vehicles.

The dominance of EPS systems can be attributed to their lower energy consumption, reduced maintenance requirements, and integration capabilities with other vehicle systems. The Rack Assist type (REPS) is the most popular product type within EPS, favored for its direct steering feel and compact design. The market's growth is also supported by the competitive dynamics, with key players continuously innovating to meet evolving consumer and regulatory demands.

Automotive Power Steering Motor Market Product Innovations

Product innovations in the Automotive Power Steering Motor Market are focused on enhancing the efficiency and performance of EPS systems. Recent developments include the integration of EPS with ADAS, enabling features like lane-keeping assistance and automatic parking. Technological trends are shifting towards more compact and lightweight designs, which improve vehicle fuel efficiency and reduce emissions. These innovations are well-aligned with market needs for advanced, eco-friendly steering solutions, positioning leading companies at a competitive advantage.

Report Segmentation & Scope

The Automotive Power Steering Motor Market is segmented by vehicle type, power steering type, product type, and demand category. By vehicle type, passenger cars are projected to grow at a CAGR of 7% due to increasing demand for comfort features. Commercial vehicles are also seeing growth, albeit at a slower pace, driven by fleet modernization efforts.

By power steering type, Electric Power Steering (EPS) systems are expected to dominate, with a market size projected to reach USD 25 billion by 2033. Hydraulic Power Steering (HPS) and Electric Power Hydraulic Steering (EPHS) are declining in market share as EPS systems gain popularity. By product type, Rack Assist type (REPS) is the fastest-growing segment, with a projected CAGR of 8% due to its efficiency and performance benefits.

The demand category is split between OEM and aftermarket. The OEM segment is the larger of the two, with a market size of USD 20 billion in 2025, driven by new vehicle production. The aftermarket segment, however, is growing at a faster rate, with a projected CAGR of 6%, as older vehicles are upgraded with EPS systems.

Key Drivers of Automotive Power Steering Motor Market Growth

The growth of the Automotive Power Steering Motor Market is driven by several key factors. Technologically, the shift towards electric vehicles and the integration of EPS with ADAS systems are significant drivers. Economically, rising disposable incomes in emerging markets are increasing vehicle sales, boosting the demand for power steering systems. Regulatory factors, such as stringent emissions standards, are pushing the adoption of more efficient EPS systems over traditional hydraulic ones. These drivers are fostering a favorable environment for market expansion.

Challenges in the Automotive Power Steering Motor Market Sector

The Automotive Power Steering Motor Market faces several challenges. Regulatory hurdles related to safety and emissions standards can delay product launches and increase costs. Supply chain issues, particularly for rare earth materials used in EPS systems, can disrupt production. Competitive pressures are intense, with companies needing to continuously innovate to maintain market share. These challenges can impact the market's growth trajectory, requiring strategic responses from industry players.

Leading Players in the Automotive Power Steering Motor Market Market

  • JTEKT Corporation
  • Mando Corp
  • Denso Corporation
  • Hyundai Mobis Co Ltd
  • Delphi Automotive (Borgwarner Inc)
  • DY Auto
  • Thyssenkrupp AG
  • NSK Ltd
  • Nexteer Automotive
  • Showa Corporation (Hitachi Astemo)
  • Robert Bosch GmbH
  • Mitsubishi Electric
  • ZF Friedrichshafen AG

Key Developments in Automotive Power Steering Motor Market Sector

  • May 2023: Bosch disclosed its intention to conclude investments totaling USD 140 million by the end of 2023. It was previously communicated that these projects were receiving government support in the form of a USD 33 million grant. This investment aims to enhance Bosch's EPS production capabilities, potentially increasing its market share.
  • March 2022: Yamaha recently announced the development of a prototype electric power steering (EPS) support system for motorcycles. This system serves as a rider aid designed to enhance motorcycle stability and agility. The development could open new market segments for EPS systems.
  • March 2022: Nexteer obtained a contract for its 48 V iBSG eDrive product from a prominent Chinese domestic OEM. Production is scheduled to commence in the first half of 2022. This launch establishes a solid foundation and entry point for the company's exploration into other eDrive applications and expanding its customer base, impacting market dynamics positively.

Strategic Automotive Power Steering Motor Market Market Outlook

The future outlook for the Automotive Power Steering Motor Market is promising, with growth accelerators including the increasing adoption of electric vehicles and the integration of EPS with advanced driver assistance systems. Strategic opportunities lie in expanding into emerging markets, where vehicle sales are growing rapidly, and in developing innovative EPS solutions that meet evolving regulatory standards. Companies that can leverage these trends and invest in R&D are poised to capture significant market share and drive the industry forward.

Automotive Power Steering Motor Market Segmentation

  • 1. Vehicle Type
    • 1.1. Passenger Car
    • 1.2. Commercial Vehicle
  • 2. Power Steering Type
    • 2.1. Hydraulic Power Steering (HPS)
    • 2.2. Electric Power Hydraulic Steering (EPHS)
    • 2.3. Electric Power Steering (EPS)
  • 3. Product Type
    • 3.1. Rack Assist type (REPS)
    • 3.2. Column Assist type (CEPS)
    • 3.3. Pinion Assist type (PEPS)
  • 4. Demand Category
    • 4.1. OEM
    • 4.2. Aftermarket

Automotive Power Steering Motor Market Segmentation By Geography

  • 1. North America
    • 1.1. US
    • 1.2. Canada
    • 1.3. Rest of North America
  • 2. Europe
    • 2.1. Germany
    • 2.2. UK
    • 2.3. France
    • 2.4. Rest of Europe
  • 3. Asia Pacific
    • 3.1. India
    • 3.2. China
    • 3.3. Japan
    • 3.4. South Korea
    • 3.5. Rest of Asia Pacific
  • 4. Rest of the World
    • 4.1. Brazil
    • 4.2. Mexico
    • 4.3. UAE
    • 4.4. Other Countries
Automotive Power Steering Motor Market Regional Share


Automotive Power Steering Motor Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2019-2033
Base Year 2024
Estimated Year 2025
Forecast Period2025-2033
Historical Period2019-2024
Growth RateCAGR of 6.93% from 2019-2033
Segmentation
    • By Vehicle Type
      • Passenger Car
      • Commercial Vehicle
    • By Power Steering Type
      • Hydraulic Power Steering (HPS)
      • Electric Power Hydraulic Steering (EPHS)
      • Electric Power Steering (EPS)
    • By Product Type
      • Rack Assist type (REPS)
      • Column Assist type (CEPS)
      • Pinion Assist type (PEPS)
    • By Demand Category
      • OEM
      • Aftermarket
  • By Geography
    • North America
      • US
      • Canada
      • Rest of North America
    • Europe
      • Germany
      • UK
      • France
      • Rest of Europe
    • Asia Pacific
      • India
      • China
      • Japan
      • South Korea
      • Rest of Asia Pacific
    • Rest of the World
      • Brazil
      • Mexico
      • UAE
      • Other Countries


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. Ease of Steering
      • 3.3. Market Restrains
        • 3.3.1. Cost and Price Sensitivity
      • 3.4. Market Trends
        • 3.4.1. Increasing Demand for Vehicles Equipped With Power Steering Systems.
  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. Global Automotive Power Steering Motor Market Analysis, Insights and Forecast, 2019-2031
    • 5.1. Market Analysis, Insights and Forecast - by Vehicle Type
      • 5.1.1. Passenger Car
      • 5.1.2. Commercial Vehicle
    • 5.2. Market Analysis, Insights and Forecast - by Power Steering Type
      • 5.2.1. Hydraulic Power Steering (HPS)
      • 5.2.2. Electric Power Hydraulic Steering (EPHS)
      • 5.2.3. Electric Power Steering (EPS)
    • 5.3. Market Analysis, Insights and Forecast - by Product Type
      • 5.3.1. Rack Assist type (REPS)
      • 5.3.2. Column Assist type (CEPS)
      • 5.3.3. Pinion Assist type (PEPS)
    • 5.4. Market Analysis, Insights and Forecast - by Demand Category
      • 5.4.1. OEM
      • 5.4.2. Aftermarket
    • 5.5. Market Analysis, Insights and Forecast - by Region
      • 5.5.1. North America
      • 5.5.2. Europe
      • 5.5.3. Asia Pacific
      • 5.5.4. Rest of the World
  6. 6. North America Automotive Power Steering Motor Market Analysis, Insights and Forecast, 2019-2031
    • 6.1. Market Analysis, Insights and Forecast - by Vehicle Type
      • 6.1.1. Passenger Car
      • 6.1.2. Commercial Vehicle
    • 6.2. Market Analysis, Insights and Forecast - by Power Steering Type
      • 6.2.1. Hydraulic Power Steering (HPS)
      • 6.2.2. Electric Power Hydraulic Steering (EPHS)
      • 6.2.3. Electric Power Steering (EPS)
    • 6.3. Market Analysis, Insights and Forecast - by Product Type
      • 6.3.1. Rack Assist type (REPS)
      • 6.3.2. Column Assist type (CEPS)
      • 6.3.3. Pinion Assist type (PEPS)
    • 6.4. Market Analysis, Insights and Forecast - by Demand Category
      • 6.4.1. OEM
      • 6.4.2. Aftermarket
  7. 7. Europe Automotive Power Steering Motor Market Analysis, Insights and Forecast, 2019-2031
    • 7.1. Market Analysis, Insights and Forecast - by Vehicle Type
      • 7.1.1. Passenger Car
      • 7.1.2. Commercial Vehicle
    • 7.2. Market Analysis, Insights and Forecast - by Power Steering Type
      • 7.2.1. Hydraulic Power Steering (HPS)
      • 7.2.2. Electric Power Hydraulic Steering (EPHS)
      • 7.2.3. Electric Power Steering (EPS)
    • 7.3. Market Analysis, Insights and Forecast - by Product Type
      • 7.3.1. Rack Assist type (REPS)
      • 7.3.2. Column Assist type (CEPS)
      • 7.3.3. Pinion Assist type (PEPS)
    • 7.4. Market Analysis, Insights and Forecast - by Demand Category
      • 7.4.1. OEM
      • 7.4.2. Aftermarket
  8. 8. Asia Pacific Automotive Power Steering Motor Market Analysis, Insights and Forecast, 2019-2031
    • 8.1. Market Analysis, Insights and Forecast - by Vehicle Type
      • 8.1.1. Passenger Car
      • 8.1.2. Commercial Vehicle
    • 8.2. Market Analysis, Insights and Forecast - by Power Steering Type
      • 8.2.1. Hydraulic Power Steering (HPS)
      • 8.2.2. Electric Power Hydraulic Steering (EPHS)
      • 8.2.3. Electric Power Steering (EPS)
    • 8.3. Market Analysis, Insights and Forecast - by Product Type
      • 8.3.1. Rack Assist type (REPS)
      • 8.3.2. Column Assist type (CEPS)
      • 8.3.3. Pinion Assist type (PEPS)
    • 8.4. Market Analysis, Insights and Forecast - by Demand Category
      • 8.4.1. OEM
      • 8.4.2. Aftermarket
  9. 9. Rest of the World Automotive Power Steering Motor Market Analysis, Insights and Forecast, 2019-2031
    • 9.1. Market Analysis, Insights and Forecast - by Vehicle Type
      • 9.1.1. Passenger Car
      • 9.1.2. Commercial Vehicle
    • 9.2. Market Analysis, Insights and Forecast - by Power Steering Type
      • 9.2.1. Hydraulic Power Steering (HPS)
      • 9.2.2. Electric Power Hydraulic Steering (EPHS)
      • 9.2.3. Electric Power Steering (EPS)
    • 9.3. Market Analysis, Insights and Forecast - by Product Type
      • 9.3.1. Rack Assist type (REPS)
      • 9.3.2. Column Assist type (CEPS)
      • 9.3.3. Pinion Assist type (PEPS)
    • 9.4. Market Analysis, Insights and Forecast - by Demand Category
      • 9.4.1. OEM
      • 9.4.2. Aftermarket
  10. 10. North America Automotive Power Steering Motor Market Analysis, Insights and Forecast, 2019-2031
      • 10.1. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 10.1.1 US
        • 10.1.2 Canada
        • 10.1.3 Rest of North America
  11. 11. Europe Automotive Power Steering Motor Market Analysis, Insights and Forecast, 2019-2031
      • 11.1. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 11.1.1 Germany
        • 11.1.2 UK
        • 11.1.3 France
        • 11.1.4 Rest of Europe
  12. 12. Asia Pacific Automotive Power Steering Motor Market Analysis, Insights and Forecast, 2019-2031
      • 12.1. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 12.1.1 India
        • 12.1.2 China
        • 12.1.3 Japan
        • 12.1.4 South Korea
        • 12.1.5 Rest of Asia Pacific
  13. 13. Rest of the World Automotive Power Steering Motor Market Analysis, Insights and Forecast, 2019-2031
      • 13.1. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 13.1.1 Brazil
        • 13.1.2 Mexico
        • 13.1.3 UAE
        • 13.1.4 Other Countries
  14. 14. Competitive Analysis
    • 14.1. Global Market Share Analysis 2024
      • 14.2. Company Profiles
        • 14.2.1 JTEKT Corporation
          • 14.2.1.1. Overview
          • 14.2.1.2. Products
          • 14.2.1.3. SWOT Analysis
          • 14.2.1.4. Recent Developments
          • 14.2.1.5. Financials (Based on Availability)
        • 14.2.2 Mando Corp
          • 14.2.2.1. Overview
          • 14.2.2.2. Products
          • 14.2.2.3. SWOT Analysis
          • 14.2.2.4. Recent Developments
          • 14.2.2.5. Financials (Based on Availability)
        • 14.2.3 Denso Corporation
          • 14.2.3.1. Overview
          • 14.2.3.2. Products
          • 14.2.3.3. SWOT Analysis
          • 14.2.3.4. Recent Developments
          • 14.2.3.5. Financials (Based on Availability)
        • 14.2.4 Hyundai Mobis Co Ltd
          • 14.2.4.1. Overview
          • 14.2.4.2. Products
          • 14.2.4.3. SWOT Analysis
          • 14.2.4.4. Recent Developments
          • 14.2.4.5. Financials (Based on Availability)
        • 14.2.5 Delphi Automotive (Borgwarner Inc )
          • 14.2.5.1. Overview
          • 14.2.5.2. Products
          • 14.2.5.3. SWOT Analysis
          • 14.2.5.4. Recent Developments
          • 14.2.5.5. Financials (Based on Availability)
        • 14.2.6 DY Auto
          • 14.2.6.1. Overview
          • 14.2.6.2. Products
          • 14.2.6.3. SWOT Analysis
          • 14.2.6.4. Recent Developments
          • 14.2.6.5. Financials (Based on Availability)
        • 14.2.7 Thyssenkrupp AG
          • 14.2.7.1. Overview
          • 14.2.7.2. Products
          • 14.2.7.3. SWOT Analysis
          • 14.2.7.4. Recent Developments
          • 14.2.7.5. Financials (Based on Availability)
        • 14.2.8 NSK Ltd
          • 14.2.8.1. Overview
          • 14.2.8.2. Products
          • 14.2.8.3. SWOT Analysis
          • 14.2.8.4. Recent Developments
          • 14.2.8.5. Financials (Based on Availability)
        • 14.2.9 Nexteer Automotive
          • 14.2.9.1. Overview
          • 14.2.9.2. Products
          • 14.2.9.3. SWOT Analysis
          • 14.2.9.4. Recent Developments
          • 14.2.9.5. Financials (Based on Availability)
        • 14.2.10 Showa Corporation (Hitachi Astemo)
          • 14.2.10.1. Overview
          • 14.2.10.2. Products
          • 14.2.10.3. SWOT Analysis
          • 14.2.10.4. Recent Developments
          • 14.2.10.5. Financials (Based on Availability)
        • 14.2.11 Robert Bosch GmbH
          • 14.2.11.1. Overview
          • 14.2.11.2. Products
          • 14.2.11.3. SWOT Analysis
          • 14.2.11.4. Recent Developments
          • 14.2.11.5. Financials (Based on Availability)
        • 14.2.12 Mitsubishi Electric
          • 14.2.12.1. Overview
          • 14.2.12.2. Products
          • 14.2.12.3. SWOT Analysis
          • 14.2.12.4. Recent Developments
          • 14.2.12.5. Financials (Based on Availability)
        • 14.2.13 ZF Friedrichshafen AG
          • 14.2.13.1. Overview
          • 14.2.13.2. Products
          • 14.2.13.3. SWOT Analysis
          • 14.2.13.4. Recent Developments
          • 14.2.13.5. Financials (Based on Availability)

List of Figures

  1. Figure 1: Global Automotive Power Steering Motor Market Revenue Breakdown (Million, %) by Region 2024 & 2032
  2. Figure 2: North America Automotive Power Steering Motor Market Revenue (Million), by Country 2024 & 2032
  3. Figure 3: North America Automotive Power Steering Motor Market Revenue Share (%), by Country 2024 & 2032
  4. Figure 4: Europe Automotive Power Steering Motor Market Revenue (Million), by Country 2024 & 2032
  5. Figure 5: Europe Automotive Power Steering Motor Market Revenue Share (%), by Country 2024 & 2032
  6. Figure 6: Asia Pacific Automotive Power Steering Motor Market Revenue (Million), by Country 2024 & 2032
  7. Figure 7: Asia Pacific Automotive Power Steering Motor Market Revenue Share (%), by Country 2024 & 2032
  8. Figure 8: Rest of the World Automotive Power Steering Motor Market Revenue (Million), by Country 2024 & 2032
  9. Figure 9: Rest of the World Automotive Power Steering Motor Market Revenue Share (%), by Country 2024 & 2032
  10. Figure 10: North America Automotive Power Steering Motor Market Revenue (Million), by Vehicle Type 2024 & 2032
  11. Figure 11: North America Automotive Power Steering Motor Market Revenue Share (%), by Vehicle Type 2024 & 2032
  12. Figure 12: North America Automotive Power Steering Motor Market Revenue (Million), by Power Steering Type 2024 & 2032
  13. Figure 13: North America Automotive Power Steering Motor Market Revenue Share (%), by Power Steering Type 2024 & 2032
  14. Figure 14: North America Automotive Power Steering Motor Market Revenue (Million), by Product Type 2024 & 2032
  15. Figure 15: North America Automotive Power Steering Motor Market Revenue Share (%), by Product Type 2024 & 2032
  16. Figure 16: North America Automotive Power Steering Motor Market Revenue (Million), by Demand Category 2024 & 2032
  17. Figure 17: North America Automotive Power Steering Motor Market Revenue Share (%), by Demand Category 2024 & 2032
  18. Figure 18: North America Automotive Power Steering Motor Market Revenue (Million), by Country 2024 & 2032
  19. Figure 19: North America Automotive Power Steering Motor Market Revenue Share (%), by Country 2024 & 2032
  20. Figure 20: Europe Automotive Power Steering Motor Market Revenue (Million), by Vehicle Type 2024 & 2032
  21. Figure 21: Europe Automotive Power Steering Motor Market Revenue Share (%), by Vehicle Type 2024 & 2032
  22. Figure 22: Europe Automotive Power Steering Motor Market Revenue (Million), by Power Steering Type 2024 & 2032
  23. Figure 23: Europe Automotive Power Steering Motor Market Revenue Share (%), by Power Steering Type 2024 & 2032
  24. Figure 24: Europe Automotive Power Steering Motor Market Revenue (Million), by Product Type 2024 & 2032
  25. Figure 25: Europe Automotive Power Steering Motor Market Revenue Share (%), by Product Type 2024 & 2032
  26. Figure 26: Europe Automotive Power Steering Motor Market Revenue (Million), by Demand Category 2024 & 2032
  27. Figure 27: Europe Automotive Power Steering Motor Market Revenue Share (%), by Demand Category 2024 & 2032
  28. Figure 28: Europe Automotive Power Steering Motor Market Revenue (Million), by Country 2024 & 2032
  29. Figure 29: Europe Automotive Power Steering Motor Market Revenue Share (%), by Country 2024 & 2032
  30. Figure 30: Asia Pacific Automotive Power Steering Motor Market Revenue (Million), by Vehicle Type 2024 & 2032
  31. Figure 31: Asia Pacific Automotive Power Steering Motor Market Revenue Share (%), by Vehicle Type 2024 & 2032
  32. Figure 32: Asia Pacific Automotive Power Steering Motor Market Revenue (Million), by Power Steering Type 2024 & 2032
  33. Figure 33: Asia Pacific Automotive Power Steering Motor Market Revenue Share (%), by Power Steering Type 2024 & 2032
  34. Figure 34: Asia Pacific Automotive Power Steering Motor Market Revenue (Million), by Product Type 2024 & 2032
  35. Figure 35: Asia Pacific Automotive Power Steering Motor Market Revenue Share (%), by Product Type 2024 & 2032
  36. Figure 36: Asia Pacific Automotive Power Steering Motor Market Revenue (Million), by Demand Category 2024 & 2032
  37. Figure 37: Asia Pacific Automotive Power Steering Motor Market Revenue Share (%), by Demand Category 2024 & 2032
  38. Figure 38: Asia Pacific Automotive Power Steering Motor Market Revenue (Million), by Country 2024 & 2032
  39. Figure 39: Asia Pacific Automotive Power Steering Motor Market Revenue Share (%), by Country 2024 & 2032
  40. Figure 40: Rest of the World Automotive Power Steering Motor Market Revenue (Million), by Vehicle Type 2024 & 2032
  41. Figure 41: Rest of the World Automotive Power Steering Motor Market Revenue Share (%), by Vehicle Type 2024 & 2032
  42. Figure 42: Rest of the World Automotive Power Steering Motor Market Revenue (Million), by Power Steering Type 2024 & 2032
  43. Figure 43: Rest of the World Automotive Power Steering Motor Market Revenue Share (%), by Power Steering Type 2024 & 2032
  44. Figure 44: Rest of the World Automotive Power Steering Motor Market Revenue (Million), by Product Type 2024 & 2032
  45. Figure 45: Rest of the World Automotive Power Steering Motor Market Revenue Share (%), by Product Type 2024 & 2032
  46. Figure 46: Rest of the World Automotive Power Steering Motor Market Revenue (Million), by Demand Category 2024 & 2032
  47. Figure 47: Rest of the World Automotive Power Steering Motor Market Revenue Share (%), by Demand Category 2024 & 2032
  48. Figure 48: Rest of the World Automotive Power Steering Motor Market Revenue (Million), by Country 2024 & 2032
  49. Figure 49: Rest of the World Automotive Power Steering Motor Market Revenue Share (%), by Country 2024 & 2032

List of Tables

  1. Table 1: Global Automotive Power Steering Motor Market Revenue Million Forecast, by Region 2019 & 2032
  2. Table 2: Global Automotive Power Steering Motor Market Revenue Million Forecast, by Vehicle Type 2019 & 2032
  3. Table 3: Global Automotive Power Steering Motor Market Revenue Million Forecast, by Power Steering Type 2019 & 2032
  4. Table 4: Global Automotive Power Steering Motor Market Revenue Million Forecast, by Product Type 2019 & 2032
  5. Table 5: Global Automotive Power Steering Motor Market Revenue Million Forecast, by Demand Category 2019 & 2032
  6. Table 6: Global Automotive Power Steering Motor Market Revenue Million Forecast, by Region 2019 & 2032
  7. Table 7: Global Automotive Power Steering Motor Market Revenue Million Forecast, by Country 2019 & 2032
  8. Table 8: US Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  9. Table 9: Canada Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  10. Table 10: Rest of North America Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  11. Table 11: Global Automotive Power Steering Motor Market Revenue Million Forecast, by Country 2019 & 2032
  12. Table 12: Germany Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  13. Table 13: UK Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  14. Table 14: France Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  15. Table 15: Rest of Europe Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  16. Table 16: Global Automotive Power Steering Motor Market Revenue Million Forecast, by Country 2019 & 2032
  17. Table 17: India Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  18. Table 18: China Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  19. Table 19: Japan Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  20. Table 20: South Korea Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  21. Table 21: Rest of Asia Pacific Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  22. Table 22: Global Automotive Power Steering Motor Market Revenue Million Forecast, by Country 2019 & 2032
  23. Table 23: Brazil Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  24. Table 24: Mexico Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  25. Table 25: UAE Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  26. Table 26: Other Countries Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  27. Table 27: Global Automotive Power Steering Motor Market Revenue Million Forecast, by Vehicle Type 2019 & 2032
  28. Table 28: Global Automotive Power Steering Motor Market Revenue Million Forecast, by Power Steering Type 2019 & 2032
  29. Table 29: Global Automotive Power Steering Motor Market Revenue Million Forecast, by Product Type 2019 & 2032
  30. Table 30: Global Automotive Power Steering Motor Market Revenue Million Forecast, by Demand Category 2019 & 2032
  31. Table 31: Global Automotive Power Steering Motor Market Revenue Million Forecast, by Country 2019 & 2032
  32. Table 32: US Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  33. Table 33: Canada Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  34. Table 34: Rest of North America Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  35. Table 35: Global Automotive Power Steering Motor Market Revenue Million Forecast, by Vehicle Type 2019 & 2032
  36. Table 36: Global Automotive Power Steering Motor Market Revenue Million Forecast, by Power Steering Type 2019 & 2032
  37. Table 37: Global Automotive Power Steering Motor Market Revenue Million Forecast, by Product Type 2019 & 2032
  38. Table 38: Global Automotive Power Steering Motor Market Revenue Million Forecast, by Demand Category 2019 & 2032
  39. Table 39: Global Automotive Power Steering Motor Market Revenue Million Forecast, by Country 2019 & 2032
  40. Table 40: Germany Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  41. Table 41: UK Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  42. Table 42: France Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  43. Table 43: Rest of Europe Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  44. Table 44: Global Automotive Power Steering Motor Market Revenue Million Forecast, by Vehicle Type 2019 & 2032
  45. Table 45: Global Automotive Power Steering Motor Market Revenue Million Forecast, by Power Steering Type 2019 & 2032
  46. Table 46: Global Automotive Power Steering Motor Market Revenue Million Forecast, by Product Type 2019 & 2032
  47. Table 47: Global Automotive Power Steering Motor Market Revenue Million Forecast, by Demand Category 2019 & 2032
  48. Table 48: Global Automotive Power Steering Motor Market Revenue Million Forecast, by Country 2019 & 2032
  49. Table 49: India Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  50. Table 50: China Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  51. Table 51: Japan Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  52. Table 52: South Korea Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  53. Table 53: Rest of Asia Pacific Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  54. Table 54: Global Automotive Power Steering Motor Market Revenue Million Forecast, by Vehicle Type 2019 & 2032
  55. Table 55: Global Automotive Power Steering Motor Market Revenue Million Forecast, by Power Steering Type 2019 & 2032
  56. Table 56: Global Automotive Power Steering Motor Market Revenue Million Forecast, by Product Type 2019 & 2032
  57. Table 57: Global Automotive Power Steering Motor Market Revenue Million Forecast, by Demand Category 2019 & 2032
  58. Table 58: Global Automotive Power Steering Motor Market Revenue Million Forecast, by Country 2019 & 2032
  59. Table 59: Brazil Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  60. Table 60: Mexico Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  61. Table 61: UAE Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032
  62. Table 62: Other Countries Automotive Power Steering Motor Market Revenue (Million) Forecast, by Application 2019 & 2032


Frequently Asked Questions

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

The projected CAGR is approximately 6.93%.

2. Which companies are prominent players in the Automotive Power Steering Motor Market?

Key companies in the market include JTEKT Corporation, Mando Corp, Denso Corporation, Hyundai Mobis Co Ltd, Delphi Automotive (Borgwarner Inc ), DY Auto, Thyssenkrupp AG, NSK Ltd, Nexteer Automotive, Showa Corporation (Hitachi Astemo), Robert Bosch GmbH, Mitsubishi Electric, ZF Friedrichshafen AG.

3. What are the main segments of the Automotive Power Steering Motor Market?

The market segments include Vehicle Type, Power Steering Type, Product Type, Demand Category.

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?

Ease of Steering.

6. What are the notable trends driving market growth?

Increasing Demand for Vehicles Equipped With Power Steering Systems..

7. Are there any restraints impacting market growth?

Cost and Price Sensitivity.

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

May 2023: Bosch disclosed its intention to conclude investments totaling USD 140 million by the end of 2023. It was previously communicated that these projects were receiving government support in the form of a USD 33 million grant.

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

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 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 "Automotive Power Steering Motor 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 Automotive Power Steering Motor 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 Automotive Power Steering Motor Market?

To stay informed about further developments, trends, and reports in the Automotive Power Steering Motor 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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