Leading manufacturers in the Passenger Vehicle EPS Market include JTEKT, Bosch, NSK, Nexteer, ZF, Mobis, Showa, Thyssenkrupp, Mando, .

The “Passenger Vehicle EPS Market Size” projections for 2025–2032 highlight substantial growth across multiple sectors, driven by shifting consumer preferences and advancements in technology. Segment analysis identifies key industries such as technology and renewable energy as primary drivers of this expansion. Furthermore, rising industrialization and the increasing adoption of digital technologies are expected to create new opportunities in emerging markets, particularly in regions like North America (U.S. and Canada) and Asia-Pacific (including China, Japan, South Korea, Southeast Asia, India, and others). Companies that embrace these trends and strategically invest in innovative solutions will be well-positioned to harness future growth opportunities and secure long-term success in the evolving market landscape.

Who are the largest manufacturers of Passenger Vehicle EPS Market worldwide?

  • JTEKT
  • Bosch
  • NSK
  • Nexteer
  • ZF
  • Mobis
  • Showa
  • Thyssenkrupp
  • Mando

Short Description about Passenger Vehicle EPS Market:

The electric power steering is a power steering system that directly relies on the motor to provide auxiliary torque. It is mainly composed of a torque sensor, a vehicle speed sensor, a motor, a reduction mechanism, and an electronic control unit (ECU).
The global Passenger Vehicle EPS market is projected to grow from USD 15960 million in 2024 to USD 18750 million by 2030, at a Compound Annual Growth Rate (CAGR) of 2.7% during the forecast period.
The passenger vehicle electric power steering system market refers to the market for products and solutions that provide electric power steering functions for passenger cars. With the rapid development of electric vehicles and the growing importance of sustainable transportation, electric power steering plays an important role in the passenger car market. The market is expected to continue to expand as EV penetration increases.
In terms of production side, this report researches the Passenger Vehicle EPS production, growth rate, market share by manufacturers and by region (region level and country level), from 2019 to 2024, and forecast to 2030.
In terms of consumption side, this report focuses on the sales of Passenger Vehicle EPS by region (region level and country level), by company, by Type and by Application. from 2019 to 2024 and forecast to 2030.
Report Covers:
This report presents an overview of global market for Passenger Vehicle EPS, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue/sales data for 2019 – 2024, estimates for 2024, and projections of CAGR through 2030.
This report researches the key producers of Passenger Vehicle EPS, also provides the consumption of main regions and countries. Highlights of the upcoming market potential for Passenger Vehicle EPS, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Passenger Vehicle EPS sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the global Passenger Vehicle EPS market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Passenger Vehicle EPS sales, projected growth trends, production technology, application and end-user industry.
Market Segmentation
By Company
JTEKT
Bosch
NSK
Nexteer
ZF
Mobis
Showa
Thyssenkrupp
Mando
Segment by Type
C-EPS
P-EPS
R-EPS
Segment by Application
Sedan & Hatchback
SUV
Other
Production by Region
North America
Europe
China
Japan
South Korea
India
Sales by Region
US & Canada
U.S.
Canada
China
Asia (excluding China)
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Latin America, Middle East & Africa
Brazil
Mexico
Turkey
Israel
GCC Countries
Chapter Outline
Chapter 1: Introduces the

This report highlights the dimensions of the Passenger Vehicle EPS market, covering product types, applications, and geographic segmentation, while also offering a detailed analysis of the competitive landscape, recent advancements, and emerging trends. Additionally, it includes an in-depth cost analysis and a comprehensive overview of supply chain dynamics.

What are the factors driving the growth of the Passenger Vehicle EPS Market?

Growing demand for below applications around the world has had a direct impact on the growth of the Passenger Vehicle EPS

  • Sedan & Hatchback
  • SUV
  • Other

What are the types of Passenger Vehicle EPS available in the Market?

Based on Product Types the Market is categorized into Below types that held the largest Passenger Vehicle EPS market share in 2024.

  • C-EPS
  • P-EPS
  • R-EPS

Regional Segmentation:

  • North America (United States, Canada and Mexico)
  • Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
  • Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
  • South America (Brazil, Argentina, Columbia etc.)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Key Reasons to Buy Passenger Vehicle EPS Market Report:

  • Up-to-Date and Comprehensive Insights: The report provides the latest and most detailed information on technological advancements, market trends, and growth drivers, ensuring you stay well-informed.
  • In-Depth Market Analysis: Delve into the market with a thorough analysis that includes SWOT and PESTLE evaluations. Access valuable insights on market size to support informed decision-making.
  • Key Industry Player Profiles: Discover detailed profiles of leading industry players, including their company backgrounds, supply-demand scope, and market strategies. Gain a clear understanding of the competitive landscape to identify potential partners or rivals.
  • Holistic Industry Overview: Access a complete overview of the industry, encompassing revenue figures, demand trends, competitive dynamics, and regional segments. Build a comprehensive understanding of market dynamics to pinpoint growth opportunities.
  • Strategic Planning Resource: This report serves as an essential tool for strategic planning, helping your company craft future strategies and navigate the industry’s evolving landscape. Make data-driven decisions and maintain a competitive advantage.

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Outline

  • Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc.), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
  • Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
  • Chapter 3: Detailed analysis of Passenger Vehicle EPS company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
  • Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
  • Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
  • Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
  • Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
  • Chapter 12: The main points and conclusions of the report.

This Passenger Vehicle EPS Market Research/Analysis Report Contains Answers to your following Questions

  • What are the global trends in the Passenger Vehicle EPS market? Would the market witness an increase or decline in the demand in the coming years?
  • What is the estimated demand for different types of products in Passenger Vehicle EPS? What are the upcoming industry applications and trends for Passenger Vehicle EPS market?
  • What Are Projections of Global Passenger Vehicle EPS Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
  • Where will the strategic developments take the industry in the mid to long-term?
  • What are the factors contributing to the final price of Passenger Vehicle EPS? What are the raw materials used for Passenger Vehicle EPS manufacturing?
  • How big is the opportunity for the Passenger Vehicle EPS market? How will the increasing adoption of Passenger Vehicle EPS for mining impact the growth rate of the overall market?
  • How much is the global Passenger Vehicle EPS market worth? What was the value of the market?
  • Who are the major players operating in the Passenger Vehicle EPS market? Which companies are the front runners?
  • Which are the recent industry trends that can be implemented to generate additional revenue streams?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Passenger Vehicle EPS Industry?

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Detailed TOC of Global Passenger Vehicle EPS Industry Research Report 2024, Competitive Landscape, Market Size, Regional Status and Prospect

1 Passenger Vehicle EPS Market Overview

1.1 Product Definition

1.2 Passenger Vehicle EPS Segment by Type

1.2.1 Global Passenger Vehicle EPS Market Value Growth Rate Analysis by Type 2023 VS 2030

1.3 Passenger Vehicle EPS Segment by Application

1.3.1 Global Passenger Vehicle EPS Market Value Growth Rate Analysis by Application: 2023 VS 2030

1.4 Global Market Growth Prospects

1.4.1 Global Passenger Vehicle EPS Production Value Estimates and Forecasts (2019-2030)

1.4.2 Global Passenger Vehicle EPS Production Capacity Estimates and Forecasts (2019-2030)

1.4.3 Global Passenger Vehicle EPS Production Estimates and Forecasts (2019-2030)

1.4.4 Global Passenger Vehicle EPS Market Average Price Estimates and Forecasts (2019-2030)

1.5 Assumptions and Limitations

2 Market Competition by Manufacturers

2.1 Global Passenger Vehicle EPS Production Market Share by Manufacturers (2019-2024)

2.2 Global Passenger Vehicle EPS Production Value Market Share by Manufacturers (2019-2024)

2.3 Global Key Players of Passenger Vehicle EPS, Industry Ranking, 2022 VS 2023 VS 2024

2.4 Global Passenger Vehicle EPS Market Share by Company Type (Tier 1, Tier 2 and Tier 3)

2.5 Global Passenger Vehicle EPS Average Price by Manufacturers (2019-2024)

2.6 Global Key Manufacturers of Passenger Vehicle EPS, Manufacturing Base Distribution and Headquarters

2.7 Global Key Manufacturers of Passenger Vehicle EPS, Product Offered and Application

2.8 Global Key Manufacturers of Passenger Vehicle EPS, Date of Enter into This Industry

2.9 Passenger Vehicle EPS Market Competitive Situation and Trends

2.9.1 Passenger Vehicle EPS Market Concentration Rate

2.9.2 Global 5 and 10 Largest Passenger Vehicle EPS Players Market Share by Revenue

2.10 Mergers & Acquisitions, Expansion

3 Passenger Vehicle EPS Production by Region

3.1 Global Passenger Vehicle EPS Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030

3.2 Global Passenger Vehicle EPS Production Value by Region (2019-2030)

3.2.1 Global Passenger Vehicle EPS Production Value Market Share by Region (2019-2024)

3.2.2 Global Forecasted Production Value of Passenger Vehicle EPS by Region (2025-2030)

3.3 Global Passenger Vehicle EPS Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030

3.4 Global Passenger Vehicle EPS Production by Region (2019-2030)

3.4.1 Global Passenger Vehicle EPS Production Market Share by Region (2019-2024)

3.4.2 Global Forecasted Production of Passenger Vehicle EPS by Region (2025-2030)

3.5 Global Passenger Vehicle EPS Market Price Analysis by Region (2019-2024)

3.6 Global Passenger Vehicle EPS Production and Value, Year-over-Year Growth

3.6.1 North America Passenger Vehicle EPS Production Value Estimates and Forecasts (2019-2030)

3.6.2 Europe Passenger Vehicle EPS Production Value Estimates and Forecasts (2019-2030)

3.6.3 China Passenger Vehicle EPS Production Value Estimates and Forecasts (2019-2030)

3.6.4 Japan Passenger Vehicle EPS Production Value Estimates and Forecasts (2019-2030)

4 Passenger Vehicle EPS Consumption by Region

4.1 Global Passenger Vehicle EPS Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030

4.2 Global Passenger Vehicle EPS Consumption by Region (2019-2030)

4.2.1 Global Passenger Vehicle EPS Consumption by Region (2019-2024)

4.2.2 Global Passenger Vehicle EPS Forecasted Consumption by Region (2025-2030)

4.3 North America

4.3.1 North America Passenger Vehicle EPS Consumption Growth Rate by Country: 2019 VS 2023 VS 2030

4.3.2 North America Passenger Vehicle EPS Consumption by Country (2019-2030)

4.3.3 United States

4.3.4 Canada

4.4 Europe

4.4.1 Europe Passenger Vehicle EPS Consumption Growth Rate by Country: 2019 VS 2023 VS 2030

4.4.2 Europe Passenger Vehicle EPS Consumption by Country (2019-2030)

4.4.3 Germany

4.4.4 France

4.4.5 U.K.

4.4.6 Italy

4.4.7 Russia

4.5 Asia Pacific

4.5.1 Asia Pacific Passenger Vehicle EPS Consumption Growth Rate by Region: 2019 VS 2023 VS 2030

4.5.2 Asia Pacific Passenger Vehicle EPS Consumption by Region (2019-2030)

4.5.3 China

4.5.4 Japan

4.5.5 South Korea

4.5.6 China Taiwan

4.5.7 Southeast Asia

4.5.8 India

4.6 Latin America, Middle East & Africa

4.6.1 Latin America, Middle East & Africa Passenger Vehicle EPS Consumption Growth Rate by Country: 2019 VS 2023 VS 2030

4.6.2 Latin America, Middle East & Africa Passenger Vehicle EPS Consumption by Country (2019-2030)

4.6.3 Mexico

4.6.4 Brazil

4.6.5 Turkey

5 Segment by Type

5.1 Global Passenger Vehicle EPS Production by Type (2019-2030)

5.1.1 Global Passenger Vehicle EPS Production by Type (2019-2024)

5.1.2 Global Passenger Vehicle EPS Production by Type (2025-2030)

5.1.3 Global Passenger Vehicle EPS Production Market Share by Type (2019-2030)

5.2 Global Passenger Vehicle EPS Production Value by Type (2019-2030)

5.2.1 Global Passenger Vehicle EPS Production Value by Type (2019-2024)

5.2.2 Global Passenger Vehicle EPS Production Value by Type (2025-2030)

5.2.3 Global Passenger Vehicle EPS Production Value Market Share by Type (2019-2030)

5.3 Global Passenger Vehicle EPS Price by Type (2019-2030)

6 Segment by Application

6.1 Global Passenger Vehicle EPS Production by Application (2019-2030)

6.1.1 Global Passenger Vehicle EPS Production by Application (2019-2024)

6.1.2 Global Passenger Vehicle EPS Production by Application (2025-2030)

6.1.3 Global Passenger Vehicle EPS Production Market Share by Application (2019-2030)

6.2 Global Passenger Vehicle EPS Production Value by Application (2019-2030)

6.2.1 Global Passenger Vehicle EPS Production Value by Application (2019-2024)

6.2.2 Global Passenger Vehicle EPS Production Value by Application (2025-2030)

6.2.3 Global Passenger Vehicle EPS Production Value Market Share by Application (2019-2030)

6.3 Global Passenger Vehicle EPS Price by Application (2019-2030)

7 Key Companies Profiled

7.1 Manufacture 1

7.1.1 Manufacture 1 Passenger Vehicle EPS Corporation Information

7.1.2 Manufacture 1 Passenger Vehicle EPS Product Portfolio

7.1.3 Manufacture 1 Passenger Vehicle EPS Production, Value, Price and Gross Margin (2019-2024)

7.1.4 Manufacture 1 Main Business and Markets Served

7.1.5 Manufacture 1 Recent Developments/Updates

8 Industry Chain and Sales Channels Analysis

8.1 Passenger Vehicle EPS Industry Chain Analysis

8.2 Passenger Vehicle EPS Key Raw Materials

8.2.1 Key Raw Materials

8.2.2 Raw Materials Key Suppliers

8.3 Passenger Vehicle EPS Production Mode & Process

8.4 Passenger Vehicle EPS Sales and Marketing

8.4.1 Passenger Vehicle EPS Sales Channels

8.4.2 Passenger Vehicle EPS Distributors

8.5 Passenger Vehicle EPS Customers

9 Passenger Vehicle EPS Market Dynamics

9.1 Passenger Vehicle EPS Industry Trends

9.2 Passenger Vehicle EPS Market Drivers

9.3 Passenger Vehicle EPS Market Challenges

9.4 Passenger Vehicle EPS Market Restraints

10 Research Finding and Conclusion

11 Methodology and Data Source

11.1 Methodology/Research Approach

11.1.1 Research Programs/Design

11.1.2 Market Size Estimation

11.1.3 Market Breakdown and Data Triangulation

11.2 Data Source

11.2.1 Secondary Sources

11.2.2 Primary Sources

11.3 Author List

11.4 Disclaimer

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