Europe Automotive Electric Power Steering Market Size, Share & Industry Trends Analysis Report By Propulsion Type (ICE and Electric), By Component, By Vehicle Type (Passenger Cars and Commercial Vehicles), By Type, By Country and Growth Forecast, 2023 - 2030

The Europe Automotive Electric Power Steering Market would witness market growth of 5.2% CAGR during the forecast period (2023-2030).

Electric power steering in automobiles is a sophisticated steering system that reduces the exertion required to turn the wheels. This is accomplished by augmenting the force transferred to the steering wheel via electric power. The EPS system efficiently controls and supports vehicle steering using an electric motor, resulting in an optimal and delightful steering experience. Furthermore, EPS (Electric Power Steering) technology enables highly automated driving systems. When a driver initiates a steering input within an electric power steering system by rotating the steering wheel, sensors on the steering column capture the input and communicate it to the vehicle's Electronic Control Unit (ECU). After analyzing these inputs, The ECU sends an electronic signal to an electronic motor positioned at the end of the steering column. In response to signals from the ECU, the electric motor's gearing generates torque, which is subsequently sent to the pinion. In turn, the pinion transmits this torque to the rack, thereby facilitating the rotation of the vehicle's axles.

The expansion of the automotive industry is vital to the European economy. The automotive industry in the European Union employs 2.6 million individuals or 8.5% of all manufacturing employment. Additionally, there has been an increase in the number of vehicles purchased by local businesses. Additionally, these vehicles are used to transport products purchased online. As e-commerce expands across Europe, there is an increasing demand for a more modern distribution network. BMW Group, VW Group, and Daimler Group are among Germany's reputable manufacturers. Germany is a significant European automotive center. The country is a significant producer of light commercial vehicles in Europe. In addition, German manufacturers of lightweight commercial trailers produce more than the government requires. The expansion of the automotive industry would eventually result in the development of the market.

The Germany market dominated the Europe Automotive Electric Power Steering Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,194.1 million by 2030. The UK market is exhibiting a CAGR of 4.3% during (2023 - 2030). Additionally, The France market would experience a CAGR of 5.9% during (2023 - 2030).

Based on Propulsion Type, the market is segmented into ICE and Electric. Based on Component, the market is segmented into Steering Column, Electric Control Unit, Electric Motor, Rack & Pinion and Others. Based on Vehicle Type, the market is segmented into Passenger Cars and Commercial Vehicles. Based on Type, the market is segmented into Column Electric Power Steering, Rack Electric Power Steering and Pinion Electric Power Steering. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

Free Valuable Insights: The Worldwide Automotive Electric Power Steering Market is Projected to reach USD 35.6 Billion by 2030, at a CAGR of 5.6%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include NSK Ltd., Robert Bosch GmbH, HL Mando Corporation, Hitachi, Ltd., JTEKT Corporation, ZF Friedrichshafen AG, Thyssenkrupp AG, BBB Industries (Clearlake Capital Group, L.P.), Nexteer Automotive (Pacific Century Motors) and Zhejiang Shibao Co., Ltd.

Scope of the Study

Market Segments Covered in the Report:

By Propulsion Type

• ICE
• Electric

By Component

• Steering Column
• Electric Control Unit
• Electric Motor
• Rack & Pinion
• Others

By Vehicle Type

• Passenger Cars
• Commercial Vehicles

By Type

• Column Electric Power Steering
• Rack Electric Power Steering
• Pinion Electric Power Steering

By Country

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

Key Market Players

List of Companies Profiled in the Report:

• NSK Ltd.
• Robert Bosch GmbH
• HL Mando Corporation
• Hitachi, Ltd.
• JTEKT Corporation
• ZF Friedrichshafen AG
• Thyssenkrupp AG
• BBB Industries (Clearlake Capital Group, L.P.)
• Nexteer Automotive (Pacific Century Motors)
• Zhejiang Shibao Co., Ltd.

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Automotive Electric Power Steering Market, by Propulsion Type
1.4.2 Europe Automotive Electric Power Steering Market, by Component
1.4.3 Europe Automotive Electric Power Steering Market, by Vehicle Type
1.4.4 Europe Automotive Electric Power Steering Market, by Type
1.4.5 Europe Automotive Electric Power Steering Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis

Chapter 4. Strategies Deployed in Automotive Electric Power Steering Market

Chapter 5. Europe Automotive Electric Power Steering Market by Propulsion Type
5.1 Europe ICE Market by Country
5.2 Europe Electric Market by Country

Chapter 6. Europe Automotive Electric Power Steering Market by Component
6.1 Europe Steering Column Market by Country
6.2 Europe Electric Control Unit Market by Country
6.3 Europe Electric Motor Market by Country
6.4 Europe Rack & Pinion Market by Country
6.5 Europe Others Market by Country

Chapter 7. Europe Automotive Electric Power Steering Market by Vehicle Type
7.1 Europe Passenger Cars Market by Country
7.2 Europe Commercial Vehicles Market by Country

Chapter 8. Europe Automotive Electric Power Steering Market by Type
8.1 Europe Column Electric Power Steering Market by Country
8.2 Europe Rack Electric Power Steering Market by Country
8.3 Europe Pinion Electric Power Steering Market by Country

Chapter 9. Europe Automotive Electric Power Steering Market by Country
9.1 Germany Automotive Electric Power Steering Market
9.1.1 Germany Automotive Electric Power Steering Market by Propulsion Type
9.1.2 Germany Automotive Electric Power Steering Market by Component
9.1.3 Germany Automotive Electric Power Steering Market by Vehicle Type
9.1.4 Germany Automotive Electric Power Steering Market by Type
9.2 UK Automotive Electric Power Steering Market
9.2.1 UK Automotive Electric Power Steering Market by Propulsion Type
9.2.2 UK Automotive Electric Power Steering Market by Component
9.2.3 UK Automotive Electric Power Steering Market by Vehicle Type
9.2.4 UK Automotive Electric Power Steering Market by Type
9.3 France Automotive Electric Power Steering Market
9.3.1 France Automotive Electric Power Steering Market by Propulsion Type
9.3.2 France Automotive Electric Power Steering Market by Component
9.3.3 France Automotive Electric Power Steering Market by Vehicle Type
9.3.4 France Automotive Electric Power Steering Market by Type
9.4 Russia Automotive Electric Power Steering Market
9.4.1 Russia Automotive Electric Power Steering Market by Propulsion Type
9.4.2 Russia Automotive Electric Power Steering Market by Component
9.4.3 Russia Automotive Electric Power Steering Market by Vehicle Type
9.4.4 Russia Automotive Electric Power Steering Market by Type
9.5 Spain Automotive Electric Power Steering Market
9.5.1 Spain Automotive Electric Power Steering Market by Propulsion Type
9.5.2 Spain Automotive Electric Power Steering Market by Component
9.5.3 Spain Automotive Electric Power Steering Market by Vehicle Type
9.5.4 Spain Automotive Electric Power Steering Market by Type
9.6 Italy Automotive Electric Power Steering Market
9.6.1 Italy Automotive Electric Power Steering Market by Propulsion Type
9.6.2 Italy Automotive Electric Power Steering Market by Component
9.6.3 Italy Automotive Electric Power Steering Market by Vehicle Type
9.6.4 Italy Automotive Electric Power Steering Market by Type
9.7 Rest of Europe Automotive Electric Power Steering Market
9.7.1 Rest of Europe Automotive Electric Power Steering Market by Propulsion Type
9.7.2 Rest of Europe Automotive Electric Power Steering Market by Component
9.7.3 Rest of Europe Automotive Electric Power Steering Market by Vehicle Type
9.7.4 Rest of Europe Automotive Electric Power Steering Market by Type

Chapter 10. Company Profiles
10.1 NSK Ltd.
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expenses
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.5.2 Geographical Expansions:
10.1.6 SWOT Analysis
10.2 Robert Bosch GmbH
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expense
10.2.5 SWOT Analysis
10.3 HL Mando Corporation
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Regional Analysis
10.3.4 Research & Development Expenses
10.3.5 Recent strategies and developments:
10.3.5.1 Partnerships, Collaborations, and Agreements:
10.3.6 SWOT Analysis
10.4 Hitachi, Ltd.
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expenses
10.4.5 Recent strategies and developments:
10.4.5.1 Partnerships, Collaborations, and Agreements:
10.4.6 SWOT Analysis
10.5 JTEKT Corporation
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental Analysis
10.5.4 Research & Development Expenses
10.5.5 Recent strategies and developments:
10.5.5.1 Acquisition and Mergers:
10.5.6 SWOT Analysis
10.6 ZF Friedrichshafen AG
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 Recent strategies and developments:
10.6.5.1 Partnerships, Collaborations, and Agreements:
10.6.6 SWOT Analysis
10.7 Thyssenkrupp AG
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expenses
10.7.5 SWOT Analysis
10.8 BBB Industries (Clearlake Capital Group, L.P.)
10.8.1 Company Overview
10.8.2 Recent strategies and developments:
10.8.2.1 Acquisition and Mergers:
10.8.3 SWOT Analysis
10.9 Nexteer Automotive (Pacific Century Motors)
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Regional Analysis
10.9.4 Recent strategies and developments:
10.9.4.1 Product Launches and Product Expansions:
10.9.5 SWOT Analysis
10.10. Zhejiang Shibao Co., Ltd.
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Regional Analysis
10.10.4 Research & Development Expenses

TABLE 1 Europe Automotive Electric Power Steering Market, 2019 - 2022, USD Million
TABLE 2 Europe Automotive Electric Power Steering Market, 2023 - 2030, USD Million
TABLE 3 Europe Automotive Electric Power Steering Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 4 Europe Automotive Electric Power Steering Market by Propulsion Type, 2023 - 2030, USD Million
TABLE 5 Europe ICE Market by Country, 2019 - 2022, USD Million
TABLE 6 Europe ICE Market by Country, 2023 - 2030, USD Million
TABLE 7 Europe Electric Market by Country, 2019 - 2022, USD Million
TABLE 8 Europe Electric Market by Country, 2023 - 2030, USD Million
TABLE 9 Europe Automotive Electric Power Steering Market by Component, 2019 - 2022, USD Million
TABLE 10 Europe Automotive Electric Power Steering Market by Component, 2023 - 2030, USD Million
TABLE 11 Europe Steering Column Market by Country, 2019 - 2022, USD Million
TABLE 12 Europe Steering Column Market by Country, 2023 - 2030, USD Million
TABLE 13 Europe Electric Control Unit Market by Country, 2019 - 2022, USD Million
TABLE 14 Europe Electric Control Unit Market by Country, 2023 - 2030, USD Million
TABLE 15 Europe Electric Motor Market by Country, 2019 - 2022, USD Million
TABLE 16 Europe Electric Motor Market by Country, 2023 - 2030, USD Million
TABLE 17 Europe Rack & Pinion Market by Country, 2019 - 2022, USD Million
TABLE 18 Europe Rack & Pinion Market by Country, 2023 - 2030, USD Million
TABLE 19 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 20 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 21 Europe Automotive Electric Power Steering Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 22 Europe Automotive Electric Power Steering Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 23 Europe Passenger Cars Market by Country, 2019 - 2022, USD Million
TABLE 24 Europe Passenger Cars Market by Country, 2023 - 2030, USD Million
TABLE 25 Europe Commercial Vehicles Market by Country, 2019 - 2022, USD Million
TABLE 26 Europe Commercial Vehicles Market by Country, 2023 - 2030, USD Million
TABLE 27 Europe Automotive Electric Power Steering Market by Type, 2019 - 2022, USD Million
TABLE 28 Europe Automotive Electric Power Steering Market by Type, 2023 - 2030, USD Million
TABLE 29 Europe Column Electric Power Steering Market by Country, 2019 - 2022, USD Million
TABLE 30 Europe Column Electric Power Steering Market by Country, 2023 - 2030, USD Million
TABLE 31 Europe Rack Electric Power Steering Market by Country, 2019 - 2022, USD Million
TABLE 32 Europe Rack Electric Power Steering Market by Country, 2023 - 2030, USD Million
TABLE 33 Europe Pinion Electric Power Steering Market by Country, 2019 - 2022, USD Million
TABLE 34 Europe Pinion Electric Power Steering Market by Country, 2023 - 2030, USD Million
TABLE 35 Europe Automotive Electric Power Steering Market by Country, 2019 - 2022, USD Million
TABLE 36 Europe Automotive Electric Power Steering Market by Country, 2023 - 2030, USD Million
TABLE 37 Germany Automotive Electric Power Steering Market, 2019 - 2022, USD Million
TABLE 38 Germany Automotive Electric Power Steering Market, 2023 - 2030, USD Million
TABLE 39 Germany Automotive Electric Power Steering Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 40 Germany Automotive Electric Power Steering Market by Propulsion Type, 2023 - 2030, USD Million
TABLE 41 Germany Automotive Electric Power Steering Market by Component, 2019 - 2022, USD Million
TABLE 42 Germany Automotive Electric Power Steering Market by Component, 2023 - 2030, USD Million
TABLE 43 Germany Automotive Electric Power Steering Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 44 Germany Automotive Electric Power Steering Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 45 Germany Automotive Electric Power Steering Market by Type, 2019 - 2022, USD Million
TABLE 46 Germany Automotive Electric Power Steering Market by Type, 2023 - 2030, USD Million
TABLE 47 UK Automotive Electric Power Steering Market, 2019 - 2022, USD Million
TABLE 48 UK Automotive Electric Power Steering Market, 2023 - 2030, USD Million
TABLE 49 UK Automotive Electric Power Steering Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 50 UK Automotive Electric Power Steering Market by Propulsion Type, 2023 - 2030, USD Million
TABLE 51 UK Automotive Electric Power Steering Market by Component, 2019 - 2022, USD Million
TABLE 52 UK Automotive Electric Power Steering Market by Component, 2023 - 2030, USD Million
TABLE 53 UK Automotive Electric Power Steering Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 54 UK Automotive Electric Power Steering Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 55 UK Automotive Electric Power Steering Market by Type, 2019 - 2022, USD Million
TABLE 56 UK Automotive Electric Power Steering Market by Type, 2023 - 2030, USD Million
TABLE 57 France Automotive Electric Power Steering Market, 2019 - 2022, USD Million
TABLE 58 France Automotive Electric Power Steering Market, 2023 - 2030, USD Million
TABLE 59 France Automotive Electric Power Steering Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 60 France Automotive Electric Power Steering Market by Propulsion Type, 2023 - 2030, USD Million
TABLE 61 France Automotive Electric Power Steering Market by Component, 2019 - 2022, USD Million
TABLE 62 France Automotive Electric Power Steering Market by Component, 2023 - 2030, USD Million
TABLE 63 France Automotive Electric Power Steering Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 64 France Automotive Electric Power Steering Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 65 France Automotive Electric Power Steering Market by Type, 2019 - 2022, USD Million
TABLE 66 France Automotive Electric Power Steering Market by Type, 2023 - 2030, USD Million
TABLE 67 Russia Automotive Electric Power Steering Market, 2019 - 2022, USD Million
TABLE 68 Russia Automotive Electric Power Steering Market, 2023 - 2030, USD Million
TABLE 69 Russia Automotive Electric Power Steering Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 70 Russia Automotive Electric Power Steering Market by Propulsion Type, 2023 - 2030, USD Million
TABLE 71 Russia Automotive Electric Power Steering Market by Component, 2019 - 2022, USD Million
TABLE 72 Russia Automotive Electric Power Steering Market by Component, 2023 - 2030, USD Million
TABLE 73 Russia Automotive Electric Power Steering Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 74 Russia Automotive Electric Power Steering Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 75 Russia Automotive Electric Power Steering Market by Type, 2019 - 2022, USD Million
TABLE 76 Russia Automotive Electric Power Steering Market by Type, 2023 - 2030, USD Million
TABLE 77 Spain Automotive Electric Power Steering Market, 2019 - 2022, USD Million
TABLE 78 Spain Automotive Electric Power Steering Market, 2023 - 2030, USD Million
TABLE 79 Spain Automotive Electric Power Steering Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 80 Spain Automotive Electric Power Steering Market by Propulsion Type, 2023 - 2030, USD Million
TABLE 81 Spain Automotive Electric Power Steering Market by Component, 2019 - 2022, USD Million
TABLE 82 Spain Automotive Electric Power Steering Market by Component, 2023 - 2030, USD Million
TABLE 83 Spain Automotive Electric Power Steering Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 84 Spain Automotive Electric Power Steering Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 85 Spain Automotive Electric Power Steering Market by Type, 2019 - 2022, USD Million
TABLE 86 Spain Automotive Electric Power Steering Market by Type, 2023 - 2030, USD Million
TABLE 87 Italy Automotive Electric Power Steering Market, 2019 - 2022, USD Million
TABLE 88 Italy Automotive Electric Power Steering Market, 2023 - 2030, USD Million
TABLE 89 Italy Automotive Electric Power Steering Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 90 Italy Automotive Electric Power Steering Market by Propulsion Type, 2023 - 2030, USD Million
TABLE 91 Italy Automotive Electric Power Steering Market by Component, 2019 - 2022, USD Million
TABLE 92 Italy Automotive Electric Power Steering Market by Component, 2023 - 2030, USD Million
TABLE 93 Italy Automotive Electric Power Steering Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 94 Italy Automotive Electric Power Steering Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 95 Italy Automotive Electric Power Steering Market by Type, 2019 - 2022, USD Million
TABLE 96 Italy Automotive Electric Power Steering Market by Type, 2023 - 2030, USD Million
TABLE 97 Rest of Europe Automotive Electric Power Steering Market, 2019 - 2022, USD Million
TABLE 98 Rest of Europe Automotive Electric Power Steering Market, 2023 - 2030, USD Million
TABLE 99 Rest of Europe Automotive Electric Power Steering Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 100 Rest of Europe Automotive Electric Power Steering Market by Propulsion Type, 2023 - 2030, USD Million
TABLE 101 Rest of Europe Automotive Electric Power Steering Market by Component, 2019 - 2022, USD Million
TABLE 102 Rest of Europe Automotive Electric Power Steering Market by Component, 2023 - 2030, USD Million
TABLE 103 Rest of Europe Automotive Electric Power Steering Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 104 Rest of Europe Automotive Electric Power Steering Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 105 Rest of Europe Automotive Electric Power Steering Market by Type, 2019 - 2022, USD Million
TABLE 106 Rest of Europe Automotive Electric Power Steering Market by Type, 2023 - 2030, USD Million
TABLE 107 Key Information – Nsk ltd.
TABLE 108 Key Information – Robert Bosch GmbH
TABLE 109 Key Information – HL Mando Corporation
TABLE 110 Key Information – Hitachi, Ltd.
TABLE 111 Key information – JTEKT Corporation
TABLE 112 Key Information – ZF Friedrichshafen AG
TABLE 113 Key Information – ThyssenKrupp AG
TABLE 114 Key Information – BBB Industries
TABLE 115 Key Information – Nexteer Automotive
TABLE 116 Key Information – Zhejiang Shibao Co., Ltd.

List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Automotive Electric Power Steering Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Automotive Electric Power Steering Market
FIG 4 Porter’s Five Forces Analysis - Automotive Electric Power Steering Market
FIG 5 Europe Automotive Electric Power Steering Market share by Propulsion Type, 2022
FIG 6 Europe Automotive Electric Power Steering Market share by Propulsion Type, 2030
FIG 7 Europe Automotive Electric Power Steering Market by Propulsion Type, 2019 - 2030, USD Million
FIG 8 Europe Automotive Electric Power Steering Market share by Component, 2022
FIG 9 Europe Automotive Electric Power Steering Market share by Component, 2030
FIG 10 Europe Automotive Electric Power Steering Market by Component, 2019 - 2030, USD Million
FIG 11 Europe Automotive Electric Power Steering Market share by Vehicle Type, 2022
FIG 12 Europe Automotive Electric Power Steering Market share by Vehicle Type, 2030
FIG 13 Europe Automotive Electric Power Steering Market by Vehicle Type, 2019 - 2030, USD Million
FIG 14 Europe Automotive Electric Power Steering Market share by Type, 2022
FIG 15 Europe Automotive Electric Power Steering Market share by Type, 2030
FIG 16 Europe Automotive Electric Power Steering Market by Type, 2019 - 2030, USD Million
FIG 17 Europe Automotive Electric Power Steering Market share by Country, 2022
FIG 18 Europe Automotive Electric Power Steering Market share by Country, 2030
FIG 19 Europe Automotive Electric Power Steering Market by Country, 2019 - 2030, USD Million
FIG 20 Recent strategies and developments: NSK Ltd.
FIG 21 SWOT Analysis: NSK Ltd
FIG 22 SWOT Analysis: Robert Bosch GmbH
FIG 23 SWOT Analysis: HL Mando Corporation
FIG 24 Swot Analysis: Hitachi, Ltd.
FIG 25 Swot Analysis: JTEKT Corporation
FIG 26 Swot Analysis: ZF Friedrichshafen AG
FIG 27 Swot Analysis: Thyssenkrupp AG
FIG 28 Swot Analysis: BBB Industries
FIG 29 Swot Analysis: Nexteer Automotive