Automotive Power Steering Motor Market Report 2026

Automotive Power Steering Motor Market Overview

• Automotive Power Steering Motor market size has reached to $19.98 billion in 2025 • Expected to grow to $27.3 billion in 2030 at a compound annual growth rate (CAGR) of 6.4% • Growth Driver: Rising Penetration Of Electric And Hybrid Vehicles Driving The Market Growth Due To Increasing Demand For Electrically Assisted Steering Systems • Market Trend: Technological Advancements In High-Torque Column Electric Power Steering Systems For Enhanced Steering Performance And Vehicle Efficiency • Asia-Pacific was the largest region and fastest growing region.

What Is Covered Under Automotive Power Steering Motor Market?

Automotive power steering motor is an electric motor used in electric power steering (EPS) systems to provide steering assistance by reducing the effort required to turn a vehicle’s steering wheel. It works in conjunction with sensors and electronic control units to deliver precise and adaptive steering support based on driving conditions, vehicle speed, and steering input. It enhances vehicle maneuverability, driving comfort, fuel efficiency, and overall steering performance while reducing reliance on hydraulic components. The main motor types of automotive power steering motor include brushless direct current motor, brushed direct current motor, permanent magnet synchronous motor, induction motor, and other motor types. Brushless direct current motor refers to an electric motor that provides efficient, precise, and reliable power assistance for automotive steering systems without the use of mechanical brushes. These motors are available in twelve volt, twenty four volt, and forty eight volt configurations and are used in passenger cars, light commercial vehicles, and heavy commercial vehicles. They support internal combustion engine, hybrid electric vehicle, battery electric vehicle, and plug in hybrid electric vehicle propulsion types and are utilized by end users including automotive manufacturers, automotive component suppliers, and aftermarket service providers.

What Is The Automotive Power Steering Motor Market Growth Forecast?

The automotive power steering motor market size is expected to see strong growth in the next few years. It will grow to $27.3 billion in 2030 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to growing adoption of electric and hybrid vehicles requiring advanced steering solutions, increasing demand for autonomous driving technologies with precise steering control, rising development of high-efficiency brushless electric motors for automotive applications, growing need for lightweight automotive components to improve vehicle performance, increasing deployment of advanced driver assistance systems requiring responsive steering systems. Major trends in the forecast period include increasing integration of advanced electric steering motors for improved vehicle handling and comfort, rising adoption of compact and lightweight steering motor designs for enhanced vehicle efficiency, growing development of high-performance steering motors with improved durability and reliability, increasing demand for energy-efficient steering assistance systems in modern vehicles, rising focus on customized steering motor solutions for diverse vehicle platforms.

What Is The Driver Of The Automotive Power Steering Motor Market?

The rising penetration of electric and hybrid vehicles is expected to propel the growth of the automotive power steering motor market going forward. Electric and hybrid vehicles are automobiles that utilize electric motors either exclusively or in combination with internal combustion engines to improve efficiency and reduce emissions. The adoption of electric and hybrid vehicles is increasing due to growing environmental concerns, as consumers and governments seek cleaner transportation alternatives that reduce greenhouse gas emissions, lower air pollution, and support sustainability goals. Automotive power steering motors enable electric power steering (EPS) systems that use electric motors instead of hydraulic mechanisms to deliver precise, energy-efficient steering assistance, improving vehicle efficiency and reducing weight while enhancing driving comfort, handling, and supporting advanced driver-assistance features in electric and hybrid vehicles. For instance, in January 2024, according to the U.S. Department of Energy, a US-based government agency, in December 2023, plug-in electric vehicles accounted for 9.8% of all light-duty vehicle sales, up from 7.8% in December 2022. Throughout 2023, plug-in vehicles consistently made up at least 8% of monthly sales, whereas in 2022 their share ranged between 5.5% and 7.8%. Therefore, the rising penetration of electric and hybrid vehicles is driving the growth of the automotive power steering motor industry.

Key Players In The Global Automotive Power Steering Motor Market

Major companies operating in the automotive power steering motor market are JTEKT Corporation, Robert Bosch GmbH, ZF Friedrichshafen AG, Nexteer Automotive Group Ltd., Hitachi Astemo Ltd., DENSO Corporation, Hyundai Mobis Co. Ltd., BorgWarner Inc., Magna International Inc., NSK Ltd., Mitsubishi Electric Corporation, Nidec Corporation, thyssenkrupp AG, Schaeffler AG, Valeo SE, HL Mando Corporation, Johnson Electric Holdings Limited, MAHLE GmbH, China Automotive Systems Inc., Mitsuba Corporation, MinebeaMitsumi Inc., Knorr-Bremse AG

Global Automotive Power Steering Motor Market Trends and Insights

Major companies operating in the automotive power steering motor market are focusing on developing advanced solutions, such as high-torque column EPS to enhance steering performance, improve efficiency, and support heavier electric vehicles while maintaining compact, cost-effective architectures. High-torque column EPS is an advanced electric power steering system where an electric motor mounted on the steering column provides high steering assist torque to reduce driver effort, helping improve steering comfort, vehicle control, and efficiency, especially in heavier and larger vehicles by replacing traditional hydraulic steering systems. For instance, in April 2025, Nexteer Automotive, a US-based motion control technology company, launched its High-Output Column-Assist Electric Power Steering (HO CEPS), an advanced EPS solution designed to extend column-assist capabilities to larger and heavier vehicle segments beyond traditional applications. The system increases steering assist capacity up to approximately 110 Nm, enabling improved handling for heavier electric vehicles without requiring more complex rack-based architectures. It integrates modular EPS building blocks and optimized electronic control systems that enhance scalability, reduce development time, and support flexible vehicle platform integration. The solution also improves energy efficiency, packaging flexibility, and compatibility with automation features such as lane-keeping assist and stability control, making it suitable for modern electrified and software-defined vehicle platforms.

What Are Latest Mergers And Acquisitions In The Automotive Power Steering Motor Market?

In September 2024, Rane Holdings Limited, an India-based automotive components holding company, completed the acquisition of the remaining 51% stake in Rane NSK Steering Systems Private Limited for $188 million (INR 15.8 billion). Through this acquisition, Rane Holdings aimed to gain full ownership of Rane NSK Steering Systems, strengthen its position in steering and mobility solutions, and simplify its corporate structure by converting the former joint venture into a wholly owned subsidiary. Rane NSK Steering Systems Private Limited is an India-based manufacturer of electric power steering systems, manual steering columns, intermediate shafts, and steering-related components for the automotive industry.

What Defines the Automotive Power Steering Motor Market?

The automotive power steering motor market consists of sales of column-assist power steering motors, pinion-assist power steering motors, rack-assist power steering motors, brushless DC steering motors, permanent magnet motors, integrated EPS motor assemblies, steering motor controllers, and related electric steering drive components. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Automotive Power Steering Motor Market Report 2026?

The automotive power steering motor market research report is one of a series of new reports from The Business Research Company that provides automotive power steering motor market statistics, including automotive power steering motor industry global market size, regional shares, competitors with a automotive power steering motor market share, detailed automotive power steering motor market segments, market trends and opportunities, and any further data you may need to thrive in the automotive power steering motor industry. This automotive power steering motor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.