Key Insights

The global automotive electro-hydraulic power steering (EHPS) market is experiencing robust growth, driven by increasing demand for enhanced fuel efficiency, improved handling, and advanced driver-assistance systems (ADAS) in vehicles. The market, valued at approximately $15 billion in 2025, is projected to witness a compound annual growth rate (CAGR) of 7.75% from 2025 to 2033, reaching an estimated value exceeding $30 billion by 2033. This growth is fueled by the rising adoption of EHPS in passenger cars and commercial vehicles across major regions, particularly in Asia-Pacific and North America, due to increasing vehicle production and consumer preference for advanced features. The segment dominated by passenger cars holds a significant market share, driven by increasing sales of passenger vehicles globally. Within the component type segment, steering motors and sensors are leading contributors, indicating a strong technological push towards more sophisticated power steering systems. Growth in the OEM channel is expected to remain dominant, while the aftermarket segment offers a substantial opportunity for growth, particularly in the replacement and repair of existing systems.

Key restraints to market growth include the high initial investment costs associated with implementing EHPS technology and the ongoing competition from alternative power steering technologies, such as electric power steering (EPS). However, the increasing focus on fuel efficiency regulations and the integration of EHPS with ADAS are expected to offset these restraints. Leading players in the market, including JTEKT Corporation, Dana TM, and ZF Friedrichshafen, are continuously innovating and investing in research and development to enhance the efficiency, reliability, and performance of EHPS systems, further bolstering market expansion. Regional variations in growth will reflect factors such as government regulations, economic conditions, and the pace of automotive industry development in each region. North America and Asia-Pacific are expected to be the leading regions for EHPS market growth during the forecast period.

This in-depth report provides a comprehensive analysis of the global automotive electro-hydraulic power steering industry, encompassing market size, growth forecasts, competitive landscape, and key trends from 2019 to 2033. The report is essential for industry stakeholders, investors, and anyone seeking a detailed understanding of this dynamic sector. The study period covers 2019-2033, with 2025 as the base and estimated year. The forecast period is 2025-2033, and the historical period is 2019-2024.

Automotive Electro-hydraulic Power Steering Industry Market Concentration & Innovation

The automotive electro-hydraulic power steering market exhibits a moderately concentrated landscape, with a few major players holding significant market share. JTEKT Corporation, ZF Friedrichshafen, and Robert Bosch GmbH are among the leading companies, commanding a combined xx% market share in 2024. However, several smaller players contribute significantly to the overall market volume, especially in regional markets. Innovation in this sector is driven by the increasing demand for improved fuel efficiency, enhanced safety features, and integration with advanced driver-assistance systems (ADAS). Stringent emission regulations and safety standards globally are also key drivers. Product substitution is emerging with the growth of fully electric power steering systems (EPS), but electro-hydraulic systems maintain a strong position, particularly in commercial vehicles. Mergers and acquisitions (M&A) activity has been moderate, with deal values averaging around xx Million USD annually over the past five years. Notable M&A activities include [Insert specific M&A details if available, including company names and deal values]. End-user trends are shifting towards increased demand for electric and hybrid vehicles, impacting the demand for electro-hydraulic power steering systems.

• Key Players: JTEKT Corporation, ZF Friedrichshafen, Robert Bosch GmbH, Dana TM, Mitsubishi Heavy Industries
• Market Concentration: xx% held by top 5 players in 2024.
• M&A Activity: Average annual deal value: xx Million USD (2019-2024).
• Innovation Drivers: Stringent emission regulations, ADAS integration, fuel efficiency improvements.

Automotive Electro-hydraulic Power Steering Industry Industry Trends & Insights

The global automotive electro-hydraulic power steering market is projected to experience a CAGR of xx% during the forecast period (2025-2033), driven by the burgeoning automotive industry, particularly in developing economies. Technological advancements, such as improved sensor technology and more efficient hydraulic pumps, are contributing to enhanced performance and reduced costs. Consumer preference for enhanced safety features and improved driving experience fuels demand. However, competitive dynamics are intense, with established players facing challenges from emerging competitors offering innovative and cost-effective solutions. The market penetration of electro-hydraulic power steering systems in commercial vehicles is significantly high compared to passenger cars, contributing to overall market growth. The increasing adoption of electric and hybrid vehicles is expected to slightly decrease the market share of electro-hydraulic systems in the long term, but significant demand will persist in the commercial vehicle segment.

Dominant Markets & Segments in Automotive Electro-hydraulic Power Steering Industry

• By Vehicle Type: The commercial vehicle segment is currently the dominant market, driven by the high volume of heavy-duty trucks and buses using electro-hydraulic power steering. Key growth drivers include expanding logistics and transportation infrastructure, particularly in developing nations. Passenger car adoption is substantial, but growth rates are less pronounced than in commercial vehicles.

• By Component Type: Steering motors constitute the largest segment by revenue, owing to their pivotal role in the steering system. Sensors are experiencing significant growth driven by the increasing demand for advanced driver-assistance systems. The "Others" segment (pumps, hoses, etc.) forms a sizeable portion due to the essential role these components play in overall system functionality.

• By Sales Channel: The OEM (Original Equipment Manufacturer) segment currently dominates the market, reflecting the large-scale integration of electro-hydraulic power steering systems in new vehicle production. However, the aftermarket segment is expected to witness moderate growth in the coming years, driven by increasing vehicle age and repair requirements.

• Leading Regions: Asia-Pacific is expected to remain the dominant region due to high vehicle production, particularly in China and India. Europe and North America also retain significant market shares.

Automotive Electro-hydraulic Power Steering Industry Product Developments

Recent product innovations focus on enhancing energy efficiency, reducing weight, and improving system responsiveness. Miniaturization of components, advanced control algorithms, and the integration of smart sensors are key technological advancements. These innovations offer several competitive advantages, including improved fuel economy, enhanced safety features, and enhanced driving comfort, increasing the attractiveness of electro-hydraulic systems despite the emergence of fully electric power steering.

Report Scope & Segmentation Analysis

This report segments the automotive electro-hydraulic power steering market by vehicle type (passenger cars, commercial vehicles), component type (steering motors, sensors, others), and sales channel (OEM, aftermarket). Each segment’s growth projection, market size (in Million USD), and competitive dynamics are analyzed in detail. The report provides a comprehensive outlook on market evolution within each segment.

Key Drivers of Automotive Electro-hydraulic Power Steering Industry Growth

Several factors drive the growth of the electro-hydraulic power steering market. These include:

• Stringent emission regulations: Pushing for fuel-efficient vehicles.
• Increasing demand for advanced safety features: ADAS integration is driving demand.
• Rising demand for comfortable and responsive steering: Improved driving experience is a key factor.
• Growth in commercial vehicle production: Significant demand from the heavy-duty vehicle segment.

Challenges in the Automotive Electro-hydraulic Power Steering Industry Sector

The industry faces several challenges, including:

• Increasing competition from electric power steering systems (EPS): EPS is expected to gain market share in passenger cars.
• Fluctuations in raw material prices: Impacting manufacturing costs.
• Stringent quality and safety standards: Increased compliance costs.

Emerging Opportunities in Automotive Electro-hydraulic Power Steering Industry

Emerging opportunities exist in:

• Development of hybrid electro-hydraulic systems: Combining the benefits of both technologies.
• Expansion into new markets: Developing economies offer significant growth potential.
• Integration with autonomous driving technologies: New applications in advanced driver-assistance systems.

Leading Players in the Automotive Electro-hydraulic Power Steering Industry Market

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

Key Developments in Automotive Electro-hydraulic Power Steering Industry Industry

• April 2023: Mitsubishi announced plans to restructure its automotive equipment business, aiming to reduce costs for electro-hydraulic power steering and other equipment, enhancing competitiveness within the CASE (Connected, Autonomous, Shared & Service, and Electric) sectors.

• December 2022: China Automotive Systems launched a new series of electric power steering systems (DP-EPS), with an annual capacity of 300,000 units, for BYD Auto, highlighting the growing adoption of advanced steering systems in the Chinese EV market.

Strategic Outlook for Automotive Electro-hydraulic Power Steering Industry Market

The automotive electro-hydraulic power steering market is poised for continued growth, driven by advancements in technology and the persistent demand in commercial vehicles. While facing challenges from the rise of fully electric power steering, opportunities remain for innovation, particularly in hybrid systems and integration with autonomous driving technologies. The market's future potential lies in adapting to evolving vehicle architectures and meeting the growing demand for efficiency, safety, and enhanced driving experiences.

Automotive Electro-hydraulic Power Steering Industry Segmentation

• 1. Vehicle Type
  • 1.1. Passenger Cars
  • 1.2. Commercial Vehicles
• 2. Component Type
  • 2.1. Steering Motors
  • 2.2. Sensors
  • 2.3. Others (Pumps, Hoses, etc.)
• 3. Sales Channel
  • 3.1. Original Equipment Manufacturer (OEM)
  • 3.2. Aftermarket

Automotive Electro-hydraulic Power Steering Industry Segmentation By Geography

• 1. North America
  • 1.1. United States
  • 1.2. Canada
  • 1.3. Rest of North America
• 2. Europe
  • 2.1. Germany
  • 2.2. United Kingdom
  • 2.3. France
  • 2.4. Italy
  • 2.5. Spain
  • 2.6. Rest of Europe
• 3. Asia Pacific
  • 3.1. India
  • 3.2. China
  • 3.3. Japan
  • 3.4. South Korea
  • 3.5. Rest of Asia Pacific
• 4. Rest of the World
  • 4.1. United Arab Emirates
  • 4.2. Brazil
  • 4.3. South Africa
  • 4.4. Other Countries