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Automotive Power Steering Motor Market Size Forecast: How Big Could The Market Get By 2030?
The market size for automotive power steering motors has demonstrated significant expansion in recent years. This sector is projected to increase from $19.98 billion in 2025 to $21.33 billion in 2026, achieving a compound annual growth rate (CAGR) of 6.8%. Historically, this growth has been fueled by the wider adoption of electric power steering systems in passenger cars, a growing need for enhanced fuel efficiency compared to hydraulic steering systems, the expansion of vehicle production and sales across developing economies, a heightened focus on superior driving comfort and steering control, and the increasing integration of electronic components within automotive steering systems.
The automotive power steering motor market is projected to experience substantial growth in the coming years. It is forecast to reach $27.3 billion by 2030, expanding at a compound annual growth rate (CAGR) of 6.4%. This growth in the forecast period is driven by the increasing adoption of electric and hybrid vehicles that necessitate advanced steering solutions, the rising demand for autonomous driving technologies requiring precise steering control, the ongoing development of high-efficiency brushless electric motors for automotive applications, the escalating need for lightweight automotive components to improve vehicle performance, and the expanding deployment of advanced driver assistance systems that demand responsive steering capabilities. Key trends anticipated during this period include the greater integration of advanced electric steering motors for improved vehicle handling and comfort, the growing preference for compact and lightweight steering motor designs aimed at enhancing vehicle efficiency, the continued development of high-performance steering motors offering enhanced durability and reliability, the heightened demand for energy-efficient steering assistance systems in modern vehicles, and an escalating focus on customized steering motor solutions for various vehicle platforms.
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Automotive Power Steering Motor Market Growth Momentum: What Factors Are Shaping Demand?
The increasing adoption of electric and hybrid vehicles is projected to drive the expansion of the automotive power steering motor market in the future. These vehicles are automobiles that employ electric motors, either solely or alongside internal combustion engines, to enhance efficiency and lower emissions. The uptake of electric and hybrid vehicles is on the rise because of escalating environmental worries, with both consumers and governmental bodies pursuing more environmentally friendly transport options to cut greenhouse gas emissions, diminish air pollution, and back sustainability objectives. Automotive power steering motors facilitate electric power steering (EPS) systems, which utilize electric motors rather than hydraulic mechanisms to provide accurate, energy-efficient steering support, thereby boosting vehicle efficiency, decreasing weight, and simultaneously improving driving comfort and handling, as well as enabling advanced driver-assistance features in electric and hybrid vehicles. For example, data from the U.S. Department of Energy, a US-based government agency, indicated in January 2024 that plug-in electric vehicles constituted 9.8% of all light-duty vehicle sales in December 2023, marking an increase from 7.8% in December 2022. During 2023, the monthly sales share of plug-in vehicles consistently reached a minimum of 8%, while in 2022, their portion varied between 5.5% and 7.8%. Consequently, the expanding presence of electric and hybrid vehicles is fueling the growth of the automotive power steering motor market.
Automotive Power Steering Motor Market Segmentation And Category Overview
The automotive power steering motor market covered in this report is segmented –
1) By Motor Type: Brushless Direct Current Motor, Brushed Direct Current Motor, Permanent Magnet Synchronous Motor, Induction Motor, Other Motor Types
2) By Voltage: Twelve Volt, Twenty Four Volt, Forty Eight Volt
3) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
4) By Propulsion Type: Internal Combustion Engine, Hybrid Electric Vehicle, Battery Electric Vehicle, Plug In Hybrid Electric Vehicle
5) By End User: Automotive Manufacturers, Automotive Component Suppliers, Aftermarket Service Providers
Subsegments:
1) By Brushless Direct Current Motor: Interior Permanent Magnet Brushless Direct Current Motor, Surface Mounted Brushless Direct Current Motor, Sensor Based Brushless Direct Current Motor, Sensorless Brushless Direct Current Motor
2) By Brushed Direct Current Motor: Permanent Magnet Brushed Direct Current Motor, Series Wound Brushed Direct Current Motor, Shunt Wound Brushed Direct Current Motor, Compound Wound Brushed Direct Current Motor
3) By Permanent Magnet Synchronous Motor: Surface Mounted Permanent Magnet Synchronous Motor, Interior Permanent Magnet Synchronous Motor, High Efficiency Permanent Magnet Synchronous Motor, Automotive Grade Permanent Magnet Synchronous Motor
4) By Induction Motor: Squirrel Cage Induction Motor, Wound Rotor Induction Motor, Three Phase Induction Motor, High Torque Induction Motor
5) By Other Motor Types: Switched Reluctance Motor, Axial Flux Motor, Hub Motor, Hybrid Electric Motor
Automotive Power Steering Motor Market Trends Redefining Industry Growth
Leading companies in the automotive power steering motor market are concentrating on developing sophisticated solutions, such as high-torque column EPS, to boost steering performance, enhance efficiency, and support heavier electric vehicles while maintaining compact, cost-effective designs. High-torque column EPS is an advanced electric power steering system where an electric motor mounted on the steering column delivers high steering assist torque to reduce driver effort, thereby improving 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 crafted to extend column-assist capabilities to larger and heavier vehicle segments beyond conventional applications. This system increases steering assist capacity up to approximately 110 Nm, facilitating 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.
Automotive Power Steering Motor Market Competitive Analysis Of Leading Industry Participants
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
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Automotive Power Steering Motor Market Regional Split: Which Areas Are Fueling Growth?
Asia-Pacific was the largest region in the automotive power steering motor market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive power steering motor market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.