The Europe electric power steering market size reached USD 5.59 Billion in 2025. The market is expected to grow at a CAGR of 4.30% between 2026 and 2035, reaching almost USD 8.52 Billion by 2035.
Base Year
Historical Period
Forecast Period
The demand for light commercial vehicle rentals in Europe has surged due to the expansion of e-commerce, logistics, and various industries across the region. The United Kingdom stands out as a key driver of growth in the light commercial vehicle (LCV) market in Europe. With the emergence of major e-commerce players and significant regional operations, sales of vans up to 3.5 tons saw a notable increase of 15.3% to 25,359 units by May 2023. However, sales of trucks ranging from 3.5 to 6.0 tons declined by 24.5% to 386 units, and taxi sales dropped by 14.6% to 111 units during the same period.
Additionally, according to the Federal Motor Transport Authority in Germany, registrations of electric cars rose by a quarter in the first half of 2022 compared to the previous year. The proportion of fully electric vehicles among all new registrations increased to 13.5%. Overall, registrations of alternative-drive cars grew by 14.2%, representing more than half of all new car registrations, including battery electric vehicles, hybrids, plug-in hybrids, hydrogen fuel cell vehicles, and gas vehicles. German automakers captured 50.6% of new passenger car registrations with electric powertrains during this period.
Compound Annual Growth Rate
4.3%
Value in USD Billion
2026-2035
*this image is indicative*
The Europe electric power steering market is expected to witness growth, driven by the increasing integration of steering-mounted electronics that enhance functionality and intuitiveness. Over the past two decades, steering wheels have evolved into multifunctional hubs, managing a range of dashboard features including radio, cruise control, climate settings, and call functions. Advancements in steering-assist safety technologies are further refining steering responsiveness and balance across various driving conditions by minimising lateral and yaw movements.
Technological progress, digital steering innovations, and the use of high-quality materials are anticipated to propel the automotive steering wheel market forward. The burgeoning demand for fuel-efficient vehicles and effective steering systems, coupled with continuous advancements in the European automotive sector, will fuel market expansion. The trend towards electric power steering (EPS) is reshaping steering systems, leveraging sensors to replace traditional components and enhance precision and performance. These sensors play a critical role in electric and hybrid vehicles, aligning with the push towards fuel efficiency.
The electric power steering market in Europe is also influenced by safety considerations, with automakers increasingly integrating driver assistance systems and steering assistance technologies into their vehicles. Regulatory mandates emphasizing fuel efficiency and de-carbonization are further bolstering demand for advanced steering solutions. Despite the setbacks, the automotive sector remains pivotal to the European economy, employing millions and serving as a linchpin for commercial transportation and e-commerce logistics.
Key players like BMW Group, VW Group, and Daimler Group, based in Germany, are at the forefront of automotive innovation, contributing to the region's automotive prowess and expanding market dynamics. The growth of the automotive industry is intertwined with economic development and modern distribution demands driven by expanding e-commerce activities across Europe, influencing the Europe electric power steering market development.
"Europe Electric Power Steering Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Market Breakup by Component
Market Breakup by Vehicle Type
Market Breakup by Sales Channel
Market Breakup by Country
The companies are introducing new EPS systems with enhanced technology with the aim of broadening their clientele and product offerings.
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The market is estimated to be valued at USD 5.59 Billion in 2025.
The market is projected to grow at a CAGR of 4.30% between 2026 and 2035.
The electric power steering market is expected to reach USD 8.52 Billion in 2035.
The market is categorised according to its product type, which includes rack assist type (REPS), column assist type (CEPS), and pinion assist type (PEPS).
The key market players are Mitsubishi Electric Corporation, Robert Bosch GmbH, Denso Corporation, JTEKT Corporation, NSK Ltd., thyssenkrupp AG, ZF Friedrichshafen AG, Knorr-Bremse AG, Dowlais Group Plc (GKN Automotive Ltd.), Nexteer Automotive Corporation, GENERAL RICAMBI S.P.A, and others.
The market is driven by factors that include increasing integration of steering-mounted electronics that enhance functionality and intuitiveness, technological progress, digital steering innovations, and the use of high-quality material, among others.
The market is categorised according to its component, which includes steering rack/column, sensors, electric motor, and others.
Direct Adaptive Steering employs electronic signals to transmit driver steering inputs more rapidly than traditional mechanical systems. Simultaneously, this innovative system swiftly communicates road surface information to the driver in a manner that is both faster and more intuitive.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Component |
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| Breakup by Vehicle Type |
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| Breakup by Sales Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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