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

Russia's Automotive Electric Power Steering (EPS) Market Report is Segmented by Type (column Type, Pinion Type, and Dual Pinion Type), Component Type (steering Rack/Column, Sensor, Steering Motor, and Other Components), and Vehicle Type (passenger Cars and Commercial Vehicles). The Report Offers Market Size and Forecasts for Vans in Europe in Terms of Value (USD) for all Segments.

Russia Electric Power Steering Market Size

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Russia Electric Power Steering Market Analysis

The Russia Electric Power Steering Market size is estimated at USD 10.77 billion in 2025, and is expected to reach USD 13.24 billion by 2030, at a CAGR of 4.2% during the forecast period (2025-2030).

Over the long term, the enactment of stringent fuel economy norms and safety initiatives by governments and international associations are considered important drivers for the growth and development of advanced steering systems.

Electric power steering systems are fuel-efficient compared to the other alternatives due to the absence of belt-driven hydraulic or manual pumps, which run constantly, whether assistance is required or not. EPS provides fuel savings as high as 0.4 l for every 100 km, along with a reduction in CO2 emissions of up to 7 g/km. The integration of numerous steering sensors in an electric power steering (EPS) helps provide additional safety benefits to the driver.

Large commercial vehicles, such as buses and trucks, are different from passenger cars, as the large vehicles have the requirement of higher torque to provide steering assistance; additionally, they have much higher mileages, heavier loads, and more constant use than passenger cars, due to all the above reasons EPS is a much-needed solution for commercial vehicles.

Russia Electric Power Steering Industry Overview

The Russian automotive electric power steering market is dominated by several key players such as Robert Bosch GmbH, JTEKT Corporation, NSK Ltd., and Others. Several key players are introducing electric power steering in their upcoming vehicle models, which in turn is likely to witness major growth for the market during the forecast period. For instance,

In February 2023, JSC Avtoelektronika Russia developed an electric power steering prototype for a new sedan vehicle model, the Lada Vesta sedan, in Russia. Through this development, the company expanded its product portfolio for the passenger car segment in the country.

In June 2022, KAMAZ signed a memorandum of understanding (MoU) with Murom Machine-Building Plant Production Association JSC. Through this partnership, the company started the development and production of power steering mechanisms, electric transmissions, and mechatronic devices for generating and recovering electricity, as well as other electromechanical devices to ensure the operation of vehicles.

Russia Electric Power Steering Market Leaders

  1. JTEKT Corporation

  2. NSK Ltd

  3. ZF Friedrichshafen AG

  4. Robert Bosch GmbH

  5. Nexteer Automotive Corporation

  6. *Disclaimer: Major Players sorted in no particular order
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Russia Electric Power Steering Market News

  • December 2023: The Industrial Development Fund (IDF) announced an investment of USD 23.97 million to create the production of import-substituting components. Through this investment, the company will build a new production facility at its site in Murom, Vladimir region. The plant will begin mass production of electric power steering racks for vehicles on the AURUS platform, as well as for light commercial vehicles (LCV) Gazelle and Sobol, making it the first in Russia to do so.
  • September 2023: OMODA Russia introduced a new S5 GT sedan in Russia. The new OMODA S5 GT is offered in two different trim levels, Neo and Ultra. The Neo variant offers cruise control, dual-zone climate control, an electric parking brake, and a heated steering wheel with electric power steering.

Russia 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
    • 4.1.1 Increasing Electric Vehicle Sales May Drive the Market
  • 4.2 Market Restraints
    • 4.2.1 The Ongoing Russia-Ukraine May Hamper the Growth of the Market
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market Size in USD)

  • 5.1 By Type
    • 5.1.1 Column Type
    • 5.1.2 Pinion Type
    • 5.1.3 Dual Pinion Type
  • 5.2 By Component Type
    • 5.2.1 Steering Rack/Column
    • 5.2.2 Sensor
    • 5.2.3 Steering Motor
    • 5.2.4 Other Component Types
  • 5.3 By Propulsion
    • 5.3.1 Internal Combustion Engine
    • 5.3.2 Battery Electric Vehicles
    • 5.3.3 Hybrid Electric Vehicles
    • 5.3.4 Plug-in Hybrid Electric Vehicles
    • 5.3.5 Fuel Cell Electric Vehicles
  • 5.4 By Vehicle Type
    • 5.4.1 Passenger Cars
    • 5.4.2 Commercial Vehicles

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles*
    • 6.2.1 JTEKT Corporation
    • 6.2.2 Nexteer Automotive Corporation
    • 6.2.3 NSK Ltd.
    • 6.2.4 ZF Friedrichshafen AG
    • 6.2.5 Robert Bosch GmbH
    • 6.2.6 Mitsubishi Electric Corporation
    • 6.2.7 GKN PLC
    • 6.2.8 Denso Corporation
    • 6.2.9 Hyundai Mobis Co. Ltd.
    • 6.2.10 Thyssenkrupp AG

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Russia Electric Power Steering Industry Segmentation

The electric power steering (EPS) system uses an electric motor, instead of a pump, to steer the wheel. The usage of the pump continually places a load on the engine, in turn affecting the fuel consumption and performance of the vehicle.

The Russian automotive electric power steering (EPS) Market is segmented by type, component type, propulsion, and vehicle type. By type, the market is segmented into column type, pinion type, and dual pinion type. By component type, the market is segmented into steering rack/column, sensor, steering motor, and other components. By propulsion, the market is segmented into internal combustion engines, battery electric vehicles, hybrid electric vehicles, plug-in hybrid electric vehicles, and fuel cell electric vehicles. By vehicle type, the market is segmented into passenger cars and commercial vehicles. 

For each segment, the market sizing and forecast have been done based on the value (USD).

By Type Column Type
Pinion Type
Dual Pinion Type
By Component Type Steering Rack/Column
Sensor
Steering Motor
Other Component Types
By Propulsion Internal Combustion Engine
Battery Electric Vehicles
Hybrid Electric Vehicles
Plug-in Hybrid Electric Vehicles
Fuel Cell Electric Vehicles
By Vehicle Type Passenger Cars
Commercial Vehicles
By Type
Column Type
Pinion Type
Dual Pinion Type
By Component Type
Steering Rack/Column
Sensor
Steering Motor
Other Component Types
By Propulsion
Internal Combustion Engine
Battery Electric Vehicles
Hybrid Electric Vehicles
Plug-in Hybrid Electric Vehicles
Fuel Cell Electric Vehicles
By Vehicle Type
Passenger Cars
Commercial Vehicles
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Russia Electric Power Steering Market Research FAQs

How big is the Russia Electric Power Steering Market?

The Russia Electric Power Steering Market size is expected to reach USD 10.77 billion in 2025 and grow at a CAGR of 4.20% to reach USD 13.24 billion by 2030.

What is the current Russia Electric Power Steering Market size?

In 2025, the Russia Electric Power Steering Market size is expected to reach USD 10.77 billion.

Who are the key players in Russia Electric Power Steering Market?

JTEKT Corporation, NSK Ltd, ZF Friedrichshafen AG, Robert Bosch GmbH and Nexteer Automotive Corporation are the major companies operating in the Russia Electric Power Steering Market.

What years does this Russia Electric Power Steering Market cover, and what was the market size in 2024?

In 2024, the Russia Electric Power Steering Market size was estimated at USD 10.32 billion. The report covers the Russia Electric Power Steering Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Russia Electric Power Steering Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Page last updated on: March 25, 2025

Russia Electric Power Steering Industry Report

Statistics for the 2025 Russia Electric Power Steering market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Russia 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.

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