Asia-Pacific Electric Power Steering Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Asia-Pacific Electric Power Steering market is segmented by Type (Column Type, Pinion Type, and Other Types), Component Type (Steering Column, Sensors, Steering Motors, and Other Component Types), Vehicle Type (Passenger Cars and Commercial Vehicles), and Country.

Asia-Pacific Electric Power Steering Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

APAC Electric Power Steering Market Size

Asia-Pacific Electric Power Steering Market_Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 8.00 %
Market Concentration High

Major Players

Asia-Pacific Electric Power Steering Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Asia-Pacific Electric Power Steering Market with other markets in Automotive Industry

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APAC Electric Power Steering Market Analysis

The Asia-Pacific Electric Power Steering Market is expected to register a CAGR of greater than 8% during the forecast period.

  • The Asia-Pacific EPS market is gaining traction mainly due to the factors such as the presence of many emerging economies like India, China, and Japan in this region, and income of middle-class customers are growing rapidly, which is attributing the demand for vehicles.
  • The market is anticipated to be driven by the increasing demand in budget and sport segment vehicles. However, OEMs have started focusing on implementing cost-effective EPS systems. Thus, there has been widespread utilization of these technologies in passenger and light commercial vehicles.
  • However, the sales and production of the cars have been decreased gradually mainly due to the economy lockdown. This declining trend has further continued during the first quarter of 2020 due to the outbreak of Corona Virus across the Asia-Pacific region. The government in this region had announced country lockdown, due to which both production facilities and dealerships were shutdown.
  • The new vehicle sales are expected to revive post the end of Corona Virus across the region. Countries such as China, Japan, and India have started selling cars both through offline and online channels by the end of May 2020. 

APAC Electric Power Steering Industry Overview

The Asia-Pacific Electric Power Steering market is dominated by few players such as Denso Corporation, Nexteer Automotive, NSK Ltd., JTEKT Corporation, and ZF Friedrichshafen AG. These companies have plans to continue to expand their business to capture the growing demand for EPS in this region. The below instances are few strategies followed by above few companies.

  • In February 2019, Nexteer Automotive had announced that it has reached the production milestone of 60 million electric power steering (EPS) systems globally. This EPS system increases the fuel efficiency up to 6% and CO2 emissions up to 8 grams per kilometer.
  • In March 2019, NSK Ltd. joint venture, Rane NSK Steering Systems Pvt. Ltd. had inaugurated its new plant in Ahmedabad, India with the investment of INR 5 Billion to produce electric power steering (EPS) systems for passenger cars. This place is an emerging economy and an automotive industry hub in western India.
  • In August 2019, Nexteer Automotive had announced a joint venture (JV) with Dongfeng Motor Corporation to begin the mass production of steering systems. The JV also includes the production of Single Pinion Assist Electric Power Steering (SPEPS) systems.
  • In June 2018, ZF Friedrichshafen AG had unveiled its ReAX EPS, the world's first prototype of a fully electric steering system for commercial vehicles that eliminates the need for hydraulics. ZF's Electrically Powered Steering (EPS) system is designed to support steer-by-wire applications in the future.

APAC Electric Power Steering Market Leaders

  1. Denso Corporation

  2. ZF Friedrichshafen AG

  3. Nexteer Automotive

  4. NSK Ltd.

  5. JTEKT Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Asia-Pacific Electric Power Steering Market - Concentration.png
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APAC Electric Power Steering Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Column Type
    • 5.1.2 Pinion Type
    • 5.1.3 Other Types
  • 5.2 Component Type
    • 5.2.1 Steering Column
    • 5.2.2 Sensors
    • 5.2.3 Steering Motors
    • 5.2.4 Other Component Types
  • 5.3 Vehicle Type
    • 5.3.1 Passenger Cars
    • 5.3.2 Commercial Vehicles
  • 5.4 Country
    • 5.4.1 India
    • 5.4.2 China
    • 5.4.3 Japan
    • 5.4.4 South Korea
    • 5.4.5 Rest of Asia-Pacific

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 JTEKT Corporation
    • 6.2.2 Nexteer Corporation
    • 6.2.3 Denso Corporation
    • 6.2.4 ZF Friedrichshafen AG
    • 6.2.5 NSK Ltd.
    • 6.2.6 Robert Bosch GmbH
    • 6.2.7 Infineon Technologies AG
    • 6.2.8 Mando Automotive India (Anand Group)
    • 6.2.9 GKN PLC
    • 6.2.10 Mitsubishi Electric Corporation
    • 6.2.11 Thyssenkrupp AG
    • 6.2.12 Hyundai Mobis Co., Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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APAC Electric Power Steering Industry Segmentation

The Asia-Pacific Electric Power Steering market report covers the increasing adoption of EPS systems in India, China, Japan, South Korea, and rest of Asia-Pacific. Also, latest product developments pertaining to the steering system, market shares of different steering systems in both passenger cars and commercial vehicles, and competitive landscape of the players operating in the market. The market is segmented by Type, Component Type, Vehicle Type, and Geography.

The scope of the report includes:

Type Column Type
Pinion Type
Other Types
Component Type Steering Column
Sensors
Steering Motors
Other Component Types
Vehicle Type Passenger Cars
Commercial Vehicles
Country India
China
Japan
South Korea
Rest of Asia-Pacific
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APAC Electric Power Steering Market Research FAQs

What is the current Asia-Pacific Electric Power Steering Market size?

The Asia-Pacific Electric Power Steering Market is projected to register a CAGR of greater than 8% during the forecast period (2025-2030)

Who are the key players in Asia-Pacific Electric Power Steering Market?

Denso Corporation, ZF Friedrichshafen AG, Nexteer Automotive, NSK Ltd. and JTEKT Corporation are the major companies operating in the Asia-Pacific Electric Power Steering Market.

What years does this Asia-Pacific Electric Power Steering Market cover?

The report covers the Asia-Pacific Electric Power Steering Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-Pacific Electric Power Steering Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Asia-Pacific Electric Power Steering Industry Report

Statistics for the 2025 Asia-Pacific Electric Power Steering market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Electric Power Steering analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.