Global Automotive Electronic Power Steering Market Report 2021: Market to Reach $37.4 Billion by 2027 - U.S. Market is Estimated at $7.3 Billion, While China is Forecast to Grow at 7.2% CAGR -

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Global Automotive Electronic Power Steering Market to Reach $37.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Automotive Electronic Power Steering estimated at US$27 Billion in the year 2020, is projected to reach a revised size of US$37.4 Billion by 2027, growing at a CAGR of 4.8% over the analysis period 2020-2027.

Hydraulic EPS, one of the segments analyzed in the report, is projected to record a 4.5% CAGR and reach US$12.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Column Assist EPS segment is readjusted to a revised 5.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $7.3 Billion, While China is Forecast to Grow at 7.2% CAGR

The Automotive Electronic Power Steering market in the U.S. is estimated at US$7.3 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$7.6 Billion by the year 2027 trailing a CAGR of 7.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.

Pinion Assist EPS Segment to Record 5% CAGR

In the global Pinion Assist EPS segment, USA, Canada, Japan, China and Europe will drive the 4.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4.7 Billion in the year 2020 will reach a projected size of US$6.4 Billion by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5 Billion by the year 2027, while Latin America will expand at a 6.1% CAGR through the analysis period.

Key Topics Covered:



  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession


IV. COMPETITION (Total 42 Featured):

  • Bosch Mobility Solutions
  • Hitachi Automotive Systems Ltd.
  • JTEKT Corporation
  • KSR International Co.
  • Mando Corporation
  • Nexteer Automotive Group Ltd.
  • NSK Ltd.
  • Showa Corporation
  • Sona Koyo Steering Systems Ltd.
  • thyssenkrupp Presta AG

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