South Korea Electro-Hydraulic Power Steering Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

South Korea Automotive Electro-Hydraulic Power Steering systems market has been Segmented by Vehicle Type (Passenger Vehicles and Commercial Vehicles), Component Type (Steering Motor, Sensors, and Others).

South Korea Electro-Hydraulic Power Steering Market Size

Overview

South Korea Electro-Hydraulic Power Steering Market Analysis

The South Korea Electro Hydraulic Power Steering Market is expected to register a CAGR of greater than 8% during the forecast period.

As most vehicles nowadays have become heavier and switched to front-wheel drive, along with an increase in tire diameter and width, the effort needed to turn the steering wheel manually would also increase. To reduce the manual effort, power steering or rather power-assisted steering were introduced to assist the driver. An advantage of power steering is its adjustable speed characteristic, where the steering is assisted more at low speed and assisted lightly at high speed to increase the control over the vehicle. This feature has gradually become a commonplace across all new vehicles. Of the different types of steering systems available nowadays, electro-hydraulic power steering is one of them.

Electro-hydraulic hybrid systems allow conventional hydraulic steering to run without the need of an engine-driven hydraulic pump. The hydraulic pressure instead is supplied by an electric motor pump unit that does not draw power from the engine. This concept is particularly helpful in vehicles that utilize conventional hydraulic steering as a basic technology but are also offered for hybrid-electric vehicle variants.

South Korea Electro-Hydraulic Power Steering Industry Overview

Some of the major players dominating the global market are JTEKT Corporation, Nexteer Automotive Group Ltd, ZF Friedrichshafen AG, NSK Ltd, and Robert Bosch GmbH.

There are few players in the market who hold a major share in the market. The players prefer a long-standing partnership with the major OEMs and are OEMs preferred suppliers for steering systems. The top 5 players hold almost 75% of the market as of 2019.

South Korea Electro-Hydraulic Power Steering Market Leaders

  1. JTEKT Corporation

  2. Nexteer Automotive Group

  3. ZF

  4. NSK Group

  5. Robert Bosch GmbH

  6. *Disclaimer: Major Players sorted in no particular order
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South Korea Electro-Hydraulic 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 Porters 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 Component Type
    • 5.1.1 Steering Column
    • 5.1.2 Sensors
    • 5.1.3 Steering Motor
    • 5.1.4 Others
  • 5.2 Vehicle Type
    • 5.2.1 Passenger Cars
    • 5.2.2 Commercial Vehicle

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 ATS Automation
    • 6.2.2 Denso Corporation
    • 6.2.3 GKN PLC
    • 6.2.4 Hitachi Automotive Systems Ltd.
    • 6.2.5 ZF
    • 6.2.6 JTEKT Corporation
    • 6.2.7 Mitsubishi Electric Corporation
    • 6.2.8 Nexteer Automation
    • 6.2.9 NSK Ltd.
    • 6.2.10 Robert Bosch GmbH
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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South Korea Electro-Hydraulic Power Steering Industry Segmentation

The South Korea Electro-Hydraulic Power Steering Market report covers a detailed study on the latest trends and innovations in the market which is Segmented by Vehicle Type (Passenger Vehicles and Commercial Vehicles), Component Type (Steering Motor, Sensors, and Others). Along with the major players, their strategies, innovations, technological advancements and financials are also covered in the report.

Component Type Steering Column
Sensors
Steering Motor
Others
Vehicle Type Passenger Cars
Commercial Vehicle
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South Korea Electro-Hydraulic Power Steering Market Research FAQs

What is the current South Korea Electro Hydraulic Power Steering Market size?

The South Korea Electro Hydraulic 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 South Korea Electro Hydraulic Power Steering Market?

JTEKT Corporation, Nexteer Automotive Group, ZF, NSK Group and Robert Bosch GmbH are the major companies operating in the South Korea Electro Hydraulic Power Steering Market.

What years does this South Korea Electro Hydraulic Power Steering Market cover?

The report covers the South Korea Electro Hydraulic Power Steering Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South Korea Electro Hydraulic Power Steering Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

South Korea Electro Hydraulic Power Steering Industry Report

Statistics for the 2025 South Korea Electro Hydraulic Power Steering market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. South Korea Electro Hydraulic 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.

South Korea Electro Hydraulic Power Steering Report Snapshots

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South Korea Electro-Hydraulic Power Steering Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)