China Automotive Electric Power Steering (EPS) Market Market Analysis and Forecasts

China Automotive Electric Power Steering (EPS) Market by Type (Column Type, Pinion Type, Dual Pinion Type, Other Types), by Component Type (Steering Column, Sensor, Steering Motor, Other Component Types), by Vehicle Type (Passenger Cars, Commercial Vehicle), by China Forecast 2025-2033

Jun 8 2025
Base Year: 2024
197 Pages
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China Automotive Electric Power Steering (EPS) Market Market Analysis and Forecasts

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Key Insights

The China Automotive Electric Power Steering (EPS) market is experiencing robust growth, projected to reach a market size of $15.58 billion in 2025, expanding at a Compound Annual Growth Rate (CAGR) of 14.98% from 2025 to 2033. This significant expansion is driven by several key factors. Firstly, the increasing demand for fuel-efficient and environmentally friendly vehicles in China is a major catalyst. Government regulations promoting electric and hybrid vehicles are further stimulating adoption of EPS systems, which offer improved fuel economy compared to hydraulic systems. Secondly, advancements in EPS technology, including the development of more compact, efficient, and cost-effective systems, are broadening its appeal across various vehicle segments. The integration of advanced driver-assistance systems (ADAS) and autonomous driving features also relies heavily on precise steering control provided by EPS, fueling market growth. Finally, the continuous expansion of the Chinese automotive industry itself provides a substantial foundation for EPS market growth.

The market segmentation reveals further growth opportunities. The Pinion Type EPS is likely to dominate due to its cost-effectiveness and widespread adoption in various vehicle types. However, the Dual Pinion Type and Column Type segments are anticipated to witness considerable growth driven by increasing demand for enhanced performance and features in higher-end vehicles. Within components, the steering motor and sensor segments are key growth drivers, reflecting the increasing sophistication of EPS systems. The passenger car segment will continue to be the largest consumer of EPS systems, yet the commercial vehicle segment is poised for rapid expansion due to rising demand for improved fuel efficiency and safety in commercial fleets. Key players such as JTEKT, Denso, and ZF Friedrichshafen are strategically investing in R&D and expanding their manufacturing capabilities to capitalize on this market potential. Competition is fierce, leading to technological innovation and price optimization, ultimately benefitting consumers.

China Automotive Electric Power Steering (EPS) Market Research Report - Market Size, Growth & Forecast

China Automotive Electric Power Steering (EPS) Market: A Comprehensive Market Report (2019-2033)

This in-depth report provides a comprehensive analysis of the burgeoning China Automotive Electric Power Steering (EPS) market, offering invaluable insights for industry stakeholders, investors, and strategic decision-makers. Covering the period from 2019 to 2033, with a base year of 2025 and a forecast period of 2025-2033, this report meticulously dissects market dynamics, competitive landscapes, and future growth potential. The report leverages rigorous research methodologies and incorporates the latest industry developments to deliver actionable intelligence. Expect detailed analysis across key segments: By Type (Column Type, Pinion Type, Dual Pinion Type, Other Types), By Component Type (Steering Column, Sensor, Steering Motor, Other Component Types), and By Vehicle Type (Passenger Cars, Commercial Vehicle). Key players like JTEKT Corporation, Denso Corporation, Hyundai Mobis, ZF Friedrichshafen AG, and others are comprehensively profiled.

China Automotive Electric Power Steering (EPS) Market Structure & Competitive Dynamics

The China Automotive Electric Power Steering (EPS) market exhibits a moderately consolidated structure, with several global and domestic players vying for market share. The market concentration ratio (CR5) in 2024 was estimated at xx%, indicating the presence of both established giants and emerging players. The competitive landscape is characterized by intense innovation, spurred by advancements in electric vehicle (EV) technology and stringent emission regulations. Regulatory frameworks, particularly those related to vehicle safety and emissions, significantly influence market dynamics. Product substitutes, such as hydraulic power steering systems (HPS), are facing declining market penetration due to the increasing preference for EPS. End-user trends, including a growing preference for advanced driver-assistance systems (ADAS) and autonomous driving features, are driving demand for sophisticated EPS systems. M&A activities have played a pivotal role in shaping the market structure, with deal values exceeding xx Million in the past five years. Notable acquisitions included xx.

  • Market Share (2024): JTEKT Corporation (xx%), Denso Corporation (xx%), Hyundai Mobis (xx%), ZF Friedrichshafen AG (xx%), Others (xx%).
  • M&A Activity (2019-2024): xx deals totaling xx Million in value.
  • Key Regulatory Factors: China’s stringent emission standards and safety regulations.
  • Innovation Ecosystems: Collaborative partnerships between Tier-1 suppliers and automotive manufacturers.

China Automotive Electric Power Steering (EPS) Market Industry Trends & Insights

The China Automotive Electric Power Steering (EPS) market is experiencing robust growth, driven primarily by the booming automotive sector, particularly the EV segment. The market's CAGR during the historical period (2019-2024) was estimated at xx%, exceeding the global average. Technological disruptions, such as the integration of advanced driver-assistance systems (ADAS) and autonomous driving features, are significantly shaping market trends. Consumer preferences are shifting towards fuel-efficient vehicles, enhancing the demand for EPS systems. The market penetration of EPS in the passenger car segment is currently estimated at xx%, with an expected rise to xx% by 2033. Competitive dynamics are characterized by intense pricing competition and continuous product innovation. Furthermore, the increasing focus on improving fuel efficiency and reducing emissions is driving the adoption of EPS systems. The government's push for electric vehicles also positively impacts market growth. Government incentives and subsidies are bolstering this segment.

China Automotive Electric Power Steering (EPS) Market Growth

Dominant Markets & Segments in China Automotive Electric Power Steering (EPS) Market

The passenger car segment dominates the China Automotive Electric Power Steering (EPS) market, accounting for approximately xx% of the total market value in 2024. This dominance is attributed to high vehicle production volumes and increasing preference for advanced driver-assistance systems (ADAS) and autonomous driving features in passenger cars. The column type EPS segment also holds a significant share, benefiting from its cost-effectiveness and wide applicability. The coastal regions, particularly those surrounding major automotive manufacturing hubs, demonstrate higher market concentration.

  • Key Drivers for Passenger Car Segment Dominance:
    • High vehicle production volumes.
    • Increasing adoption of ADAS and autonomous driving technologies.
    • Government incentives for electric vehicles.
  • Key Drivers for Column Type EPS Segment Dominance:
    • Cost-effectiveness.
    • Ease of integration.
    • Wide applicability across various vehicle types.
  • Regional Dominance: Coastal provinces (e.g., Guangdong, Jiangsu, Zhejiang) due to concentrated automotive manufacturing.

China Automotive Electric Power Steering (EPS) Market Product Innovations

Recent advancements in EPS technology have focused on improving energy efficiency, enhancing performance, and integrating advanced features like torque vectoring and haptic feedback. Manufacturers are continuously developing more compact and lightweight EPS systems to meet the demands of electric and hybrid vehicles. These innovations aim to provide a smoother and more responsive steering experience, contributing to improved safety and driving comfort. The integration of ADAS capabilities within EPS systems is a significant area of focus, providing opportunities for enhanced features and increased market penetration.

Report Segmentation & Scope

This report segments the China Automotive Electric Power Steering (EPS) market across various parameters:

By Type: Column type EPS is projected to maintain a significant market share throughout the forecast period, driven by its cost-effectiveness. Pinion type EPS is expected to witness steady growth, while dual-pinion and other types are anticipated to show moderate growth driven by the adoption of more sophisticated steering systems.

By Component Type: The steering motor segment is likely to experience the fastest growth, owing to technological advancements and the integration of advanced functionalities. The sensor segment is also expected to show strong growth.

By Vehicle Type: The passenger car segment continues to be the dominant driver of EPS demand, with increasing adoption in commercial vehicles anticipated throughout the forecast period.

Each segment includes projections for market size, growth rates, and competitive dynamics.

Key Drivers of China Automotive Electric Power Steering (EPS) Market Growth

The China Automotive Electric Power Steering (EPS) market is propelled by several key factors: the rapid growth of the automotive industry, particularly electric vehicles; increasing demand for fuel efficiency and emission reduction; technological advancements in EPS systems, including integration with ADAS and autonomous driving features; and supportive government policies promoting the adoption of advanced automotive technologies. Stringent emission regulations further incentivize the adoption of EPS systems.

Challenges in the China Automotive Electric Power Steering (EPS) Market Sector

The China Automotive Electric Power Steering (EPS) market faces certain challenges including intense competition from established players and new entrants, potential supply chain disruptions impacting component availability and pricing, and evolving technological advancements demanding continuous innovation. Additionally, fluctuations in raw material costs and the complexity of integrating advanced functionalities add complexity to the market.

Leading Players in the China Automotive Electric Power Steering (EPS) Market Market

  • JTEKT Corporation
  • Denso Corporation
  • Hyundai Mobis
  • ZF Friedrichshafen AG
  • NSK Ltd
  • GKN PLC
  • Mitsubishi Electric Corporation
  • ATS Automation
  • Hitachi Automotive Systems Ltd
  • Nexteer Automotives
  • Robert Bosch GmbH
  • Thyssenkrupp Presta AG

Key Developments in China Automotive Electric Power Steering (EPS) Market Sector

  • June 2023: Nidec Corporation announced the successful development of a new electric power steering motor power pack ('EPS-PP'), signaling advancements in EPS technology and potentially enhancing market competition.
  • August 2022: ZF Friedrichshafen announced a CNY320 million (USD 47 Million) investment to expand power steering system capacity in Shanghai, indicating strong confidence in the market's growth potential and aiming to cater to increasing local demand.

Strategic China Automotive Electric Power Steering (EPS) Market Market Outlook

The China Automotive Electric Power Steering (EPS) market is poised for significant growth, driven by the continued expansion of the automotive sector, particularly the EV segment. Strategic opportunities exist for companies to capitalize on technological advancements, focusing on the development of efficient, cost-effective, and feature-rich EPS systems. Partnerships and collaborations will be crucial for navigating the complexities of integrating advanced technologies and addressing supply chain challenges. Further expansion into niche segments, such as commercial vehicles and autonomous driving systems, presents substantial growth potential.

China Automotive Electric Power Steering (EPS) Market Segmentation

  • 1. Type
    • 1.1. Column Type
    • 1.2. Pinion Type
    • 1.3. Dual Pinion Type
    • 1.4. Other Types
  • 2. Component Type
    • 2.1. Steering Column
    • 2.2. Sensor
    • 2.3. Steering Motor
    • 2.4. Other Component Types
  • 3. Vehicle Type
    • 3.1. Passenger Cars
    • 3.2. Commercial Vehicle

China Automotive Electric Power Steering (EPS) Market Segmentation By Geography

  • 1. China
China Automotive Electric Power Steering (EPS) Market Regional Share

China Automotive Electric Power Steering (EPS) Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2019-2033
Base Year 2024
Estimated Year 2025
Forecast Period2025-2033
Historical Period2019-2024
Growth RateCAGR of 14.98% from 2019-2033
Segmentation
    • By Type
      • Column Type
      • Pinion Type
      • Dual Pinion Type
      • Other Types
    • By Component Type
      • Steering Column
      • Sensor
      • Steering Motor
      • Other Component Types
    • By Vehicle Type
      • Passenger Cars
      • Commercial Vehicle
  • By Geography
    • China

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. Adoption of electric vehicles; Advancements in EPS technology
      • 3.3. Market Restrains
        • 3.3.1. Limited Retrofitting Options
      • 3.4. Market Trends
        • 3.4.1. Technological Advancement in Components of Electric Power Steering - Driving 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. China Automotive Electric Power Steering (EPS) 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
      • 5.1.4. Other Types
    • 5.2. Market Analysis, Insights and Forecast - by Component Type
      • 5.2.1. Steering Column
      • 5.2.2. Sensor
      • 5.2.3. Steering Motor
      • 5.2.4. Other Component Types
    • 5.3. Market Analysis, Insights and Forecast - by Vehicle Type
      • 5.3.1. Passenger Cars
      • 5.3.2. Commercial Vehicle
    • 5.4. Market Analysis, Insights and Forecast - by Region
      • 5.4.1. China
  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 Hyundai Mobis
          • 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 ZF Friedrichshafen A
          • 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 NSK Ltd
          • 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 GKN PLC
          • 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 Mitsubishi Electric Corporation
          • 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 ATS Automation
          • 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 Hitachi Automotive Systems Ltd
          • 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 Nexteer Automotives
          • 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)
        • 6.2.11 Robert Bosch GmbH
          • 6.2.11.1. Overview
          • 6.2.11.2. Products
          • 6.2.11.3. SWOT Analysis
          • 6.2.11.4. Recent Developments
          • 6.2.11.5. Financials (Based on Availability)
        • 6.2.12 Thyssenkrupp Presta AG
          • 6.2.12.1. Overview
          • 6.2.12.2. Products
          • 6.2.12.3. SWOT Analysis
          • 6.2.12.4. Recent Developments
          • 6.2.12.5. Financials (Based on Availability)

List of Figures

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

List of Tables

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

Frequently Asked Questions

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

The projected CAGR is approximately 14.98%.

2. Which companies are prominent players in the China Automotive Electric Power Steering (EPS) Market?

Key companies in the market include JTEKT Corporation, Denso Corporation, Hyundai Mobis, ZF Friedrichshafen A, NSK Ltd, GKN PLC, Mitsubishi Electric Corporation, ATS Automation, Hitachi Automotive Systems Ltd, Nexteer Automotives, Robert Bosch GmbH, Thyssenkrupp Presta AG.

3. What are the main segments of the China Automotive Electric Power Steering (EPS) 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 15.58 Million as of 2022.

5. What are some drivers contributing to market growth?

Adoption of electric vehicles; Advancements in EPS technology.

6. What are the notable trends driving market growth?

Technological Advancement in Components of Electric Power Steering - Driving the Market.

7. Are there any restraints impacting market growth?

Limited Retrofitting Options.

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

June 2023: Nidec Corporation announced it had successfully developed a new electric power steering motor power pack*1 ('EPS-PP').

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 "China Automotive Electric Power Steering (EPS) 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 China Automotive Electric Power Steering (EPS) 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 China Automotive Electric Power Steering (EPS) Market?

To stay informed about further developments, trends, and reports in the China Automotive Electric Power Steering (EPS) 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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Discover the booming European electric light commercial vehicle market. This in-depth analysis reveals key trends, growth drivers, and market segmentation (BEV, FCEV, PHEV) from 2019-2033, featuring major players like Volkswagen and Renault. Learn about the opportunities and challenges in this rapidly expanding sector.

July 2025
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No Of Pages: 197
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UK Automotive Glass Fiber Composites Market Future Forecasts: Insights and Trends to 2033

Discover the booming UK Automotive Glass Fiber Composites market! This in-depth analysis reveals a CAGR of 3.80% through 2033, driven by lightweighting trends and electric vehicle adoption. Learn about key players, market segmentation, and future growth projections.

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Automotive Air Purifier Market Market Demand and Consumption Trends: Outlook 2025-2033

The automotive air purifier market is booming, driven by rising air pollution concerns and technological advancements. Discover key trends, market size projections (2025-2033), leading companies, and regional insights in this comprehensive analysis. Explore HEPA, activated carbon, and ionic filter technologies.

July 2025
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No Of Pages: 234
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Europe Construction Machinery Rental Industry Comprehensive Market Study: Trends and Predictions 2025-2033

The European construction machinery rental market is booming, projected to reach €50.77 billion by 2033, driven by infrastructure projects and sustainable construction trends. Learn about key players, market segments, and growth forecasts in this comprehensive analysis.

July 2025
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Price: $4750

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