Automotive Electro-Hydraulic Power Steering Market to Set $30.78 Bn by 2034

Automotive Electro-Hydraulic Power Steering Market Growth & Export Analysis

Projections indicate the global automotive electro-hydraulic power steering market will increase from USD 19.54 billion in 2024 to USD 30.78 billion by 2034, experiencing a CAGR of 4.65% over the next 10 years. Rising EV demand and ADAS advancements boost the automotive electro-hydraulic power sector. Despite cost challenges, firms expand production and invest in mergers. Asia-Pacific leads, followed by North America and Europe, with key players like ZF Friedrichshafen AG driving growth.

Last Updated: 04 March 2025 Category: Automotive Technology Insight Code: 1017 Format: PDF / PPT / Excel

Automotive Electro-Hydraulic Power Steering Market Shares & Industry Overview

The automotive electro-hydraulic power steering market is projected to reach USD 30.78 billion by 2034, expanding from USD 20.45 billion in 2025, at an annual growth rate of 4.65% during the forecast period from 2025 to 2034.

Automotive Electro Hydraulic Power Steering Market Size 2023 - 2034

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In the long term, increased R&D investments of major industry players, increased sales of electric and hybrid vehicles, and increased demand for the automotive industry are due to the growth of e-commerce. It positively affects the growth in the automotive electro-hydraulic power sector by helping to create demand in the automotive and transportation sectors. Factors such as the high cost of electro-power steering systems and major manufacturers' focus on cost reduction may hinder the growth of the automobile electro-power steering system business.

Market players are expanding production capacity to meet the increasing demand for hydropower plants and conducting mergers and acquisitions to improve their products. For example, in August 2022, Kongsberg Automotive announced the sale of its Shawinigan business in Canada to Bombardier Recreational Products (BRP Inc.) for €104 million ($110 million). Shawinigan manufactures sensors, actuators, electric power steering, electrical wiring and instrument panel assemblies for sports and recreational vehicles. In addition, with the rapid changes in driver assistance systems (ADAS), autonomous driving and the Internet of Vehicles, there is a growing need to usher in a new era to improve fuel efficiency, which has a positive impact on growth. development of electric vehicles. - Hydraulic Assisted Steering Gear Market.

The Asia-Pacific region is the world's largest automotive electro-hydraulic power steering market due to the large number of electric vehicle manufacturers, high commercial vehicle sales and automotive parts industry. North America and Europe are the second largest markets due to major manufacturers such as ZF Friedrichshafen AG, where commercial vehicles such as long-distance buses and multi-purpose vehicles are also expected to be sold.

Steering Motor Segment Driving More Promotions Over Time

The shift in the motor segment leads to greater support, which over time leads to the growth of the global electric vehicle market. In this case, it has a positive effect on the steering demand needed for electric-hydraulic steering system.

For example:

  • Electric car sales in Europe in July 2023 increased by 50% compared to the same month in 2021. Additionally, pure electric car sales in Europe in July are expected to increase by 54.7% compared to the same month in 2023. It is expected to reach the same level in 2021 and to reach the same level in 2022 due to reduced supply chains.

Integrating electro-hydraulic steering systems into vehicle models requires hydraulic power produced by electric motors. The demand for advanced pedals that improve driving is increasing.

With the development and advancement of bicycle steering, major changes in electro-hydraulic steering technology have also contributed to the improvement of driving. Sales of electro-hydraulic steering systems. Many electronics manufacturers and suppliers, including Nissan, Bosch and ZF, are developing steps that can be used with electric motors. These OEMs have also introduced electric power steering systems specifically designed for the automotive industry. With the increasing use of transportation in the market, control equipment is also expected to grow faster than expected.

The steering motor sub-segment is expected to contribute a large portion of the total electric motor revenue. - Based on the steps used, the steering motor market is more expensive and easier to control than other products such as sensors. Following the previous steps will help simplify installation and reduce weight by managing fewer drives. New generation electro-hydraulic steering motors will increase the economy of the steering wheel in operation.

Asia-Pacific to Remain the Largest Market during the forecast period

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Increasing urban costs, increasing vehicle ownership and rising consumer per capita income are driving the automobile market in Asia Pacific. In turn, it has a positive impact on the demand for automotive electro-hydraulic assisted steering systems in the region. As more consumers migrate to cities in search of better jobs and money, the preference for private transportation is also increasing. It had a positive impact on passenger transportation in the region. In addition, the integration of electric vehicles as the government pays more for new energy use will contribute to the growth of the electric vehicle industry, affecting the demand for new electrical equipment such as electro-hydraulic. power steering systems.

Automotive Electro Hydraulic Power Steering Market NA, EU, APAC, LA, MEA Share 2024

  • In 2023, new electric four-wheeler sales in India reached 48,105 units, up 143.2% year-on-year from 2022.
  • New electric vehicle sales in China will reach 6 million units in 2022, compared to only 3.3 million units in 2021, according to Global Electric, according to the Bureau.
  • In addition to the growth in passenger cars, the commercial vehicle market in the Asia-Pacific region has also become important for China's growth. this segment. This is due to advances in e-commerce, growth in last-mile delivery and increased construction. Due to the weight of commercial vehicles, the development of advanced electronic systems is important for the commercial vehicle industry. To have good energy, it must be managed correctly. Therefore, as the automotive industry continues to grow in the Asia-Pacific region, the need for the first step will also increase. In turn, it will help develop the automotive electro-hydraulic steering system market in the region.
  • New car sales in India to reach 933,000 units in 2022, compared to 677,000 units in 2021; This means a 37.8% increase compared to the same period last year.
  • Europe and North America are also large markets due to the large number of vehicles directed to OEM manufacturers and the popularity of transportation as an important transportation sector, and more commercial vehicles are sold in these regions. Therefore, the electro-hydraulic steering system market is expected to grow during the forecast period in the automobile market segment as companies innovate and expand capacity in this way.

Electro Hydraulic Power Steering Industry Overview

The automotive electro-hydraulic power steering system industry is highly integrated and competitive. The market is characterized by the presence of large players with long-term contracts with major vehicle OEMs. These players are also involved in joint ventures, mergers and acquisitions, and product development activities to improve their products.

Some of the major global players include JTEKT Corporation, Nissan Motor Corporation, SEAT, Robert Bosch GmbH, ZF Friedrichshafen, Danfoss A/S, Mitsubishi Heavy Industries and Evamo. Elite companies introduce new products to secure their position in the market and maintain market leadership.

For example:

  • In June 2023, Robert Bosch announced a partnership with Arnold NextG to develop multi-electric systems for the automotive industry. This partnership ensures the commitment to offer customers quality steps such as electro-hydraulic steering. The collaboration aims to support the major advancement in autonomous driving by providing automakers with a new-age priority.

The market is expected to witness the launch of many of the best electronic devices in the coming years.

Automotive Electro Hydraulic Power Steering Market Companies

Electro Hydraulic Power Steering Market Leaders

  • JTEKT Corporation
  • Nissan Motor Corporation
  • SEAT
  • Robert Bosch GmbH
  • ZF Friedrichshafen
  • Danfoss A/S
  • Eaton
  • Danotek Motion Technologies
  • Allied Motion Inc
  • Mitsubishi Heavy Industries
  • Dana TM4
  • Evamo

Electro Hydraulic Power Steering Market News

  • April 2023: Mitsubishi announced plans to restructure the company's automotive business to increase efficiency. The plan will also be effective by meeting the needs of the Communications, Management, Sharing and Services and Energy (CASE) sector. Mitsubishi is committed to reducing the costs of various components such as electro-hydraulic steering systems to gain a competitive advantage in the industry.
  • December 2022: China Automotive Systems, a supplier of energy management equipment and systems in China, announced the launch of a new electronic system for BYD Auto, China's largest electric vehicle (EV) manufacturer. The forward production step, DP-EPS, has an annual production of 300,000 sets and will be installed in Tang and other electric vehicles.

Electro Hydraulic Power Steering Industry Segmentation

  • Electro-hydraulic steering system refers to the electric hybrid steering system that uses the same concept as the power steering system. But instead of the pump motor, it is driven by an electric motor whose speed changes the hydraulic pressure and is controlled by the electronic control unit (ECU).
  • The electric vehicle electronic control system market is segmented based on vehicle type, component type, sales channel, and region. Based on vehicle type, the market is divided into passenger cars and commercial vehicles. By component type, the market is divided into steering motors, sensors, etc. It is divided into sections (pumps, hoses, etc.). From the point of sale, the market is divided into original equipment manufacturers (OEM) and aftermarket. Based on geography, the market is segmented into North America, Europe, Asia Pacific and Rest of the World.

Market Segmentation

By Vehicle Type

  • Passenger Cars
  • Commercial Vehicles
  • By Component Type
  • Steering Motors
  • Sensors
  • Others (Pumps, Hoses, etc.)

By Sales Channel

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

By Geography

  • North America
    • United States
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • United Arab Emirate
    • Brazil
    • South Africa
    • Other Countries
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About The Author

Dr. Arjun Patel is a distinguished expert in the automotive industry, holding advanced degrees in Automotive Engineering and Mechanical Engineering. His expertise spans automotive market dynamics, technological advancements, and sustainable practices. Dr. Patel excels in conducting in depth research and analysis on market trends, consumer preferences, and the economic implications within the automotive sector. He is renowned for his insightful publications on topics such as electric vehicles, autonomous driving technologies, and the evolution of sustainable transportation solutions. Dr. Patels research contributions have significantly advanced understanding in the field, earning him recognition as a leading authority in automotive research and analysis.

FAQ's

Electro Hydraulic Power Steering (EHPS) is a type of power steering system that utilizes a combination of hydraulic pressure and electric control to assist steering effort in vehicles. It typically consists of an electric motor that drives a hydraulic pump, which generates hydraulic pressure to assist the steering mechanism based on input from sensors and the driver\'s steering inputs.

EHPS systems offer several advantages, including improved steering feel and responsiveness compared to purely electric power steering systems, reduced energy consumption compared to traditional hydraulic power steering systems, enhanced vehicle stability and control, and compatibility with various vehicle architectures and driving conditions.

EHPS systems are commonly found in a wide range of vehicles, including passenger cars, SUVs, trucks, buses, and commercial vehicles. They are often used in vehicles where a balance between steering feel, performance, and energy efficiency is desired, such as sports cars and performance-oriented vehicles.

Emerging trends in the EHPS Market include advancements in motor and pump technology for improved efficiency and response, integration with vehicle electrification and autonomous driving systems, development of compact and lightweight EHPS systems for electric and hybrid vehicles, and adoption of digital control and communication interfaces for enhanced vehicle dynamics and safety features.

Challenges in the EHPS Market include addressing concerns about energy consumption and environmental impact, optimizing system performance and reliability under different driving conditions and operating temperatures, managing system complexity and integration with other vehicle systems, and meeting regulatory requirements for vehicle safety and emissions standards. Additionally, market competition and shifting consumer preferences may influence product development and market dynamics.

National Highway Traffic Safety Administration, Digit, CRP Automotive, Seat, Nissan, After Market.

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