Report Details:
15 Companies Covered
100 Pages
Market Research Future (MRFR) has published a cooked research report on the “Automotive Steering Systems Market” that contains information from 2019 to 2035.
The Automotive Steering Systems Market is estimated to register a CAGR of 4.44% during the forecast period of 2025 to 2035.
MRFR recognizes the following companies as the key players in the Automotive Steering Systems Market: TRW Automotive Holdings, Mitsubishi Electric Corporation, Sona Koyo Steering System Ltd., JTEKT Corporation, Nexteer Automotive, Thyssenkrupp Presta, Robert Bosch Automotive Steering GmbH, and China Automotive System Inc.
Automotive Steering Systems Market Highlights
The Automotive Steering Systems Market is expanding steadily, driven by the rising adoption of electric power steering (EPS) systems, increasing integration of advanced driver-assistance systems (ADAS), and consistent growth in global automotive manufacturing. Electric steering technologies are gaining popularity for their energy efficiency, precise control, and ability to reduce emissions, aligning with the industry’s transition toward electrified and autonomous vehicles.
Manufacturers are increasingly developing steer-by-wire and AI-assisted steering technologies to improve safety, responsiveness, and predictive maintenance capabilities. Additionally, growing consumer demand for vehicles with enhanced comfort, control, and smart connectivity features is pushing automakers to adopt advanced steering solutions that comply with stringent global safety and emission standards.
The post-pandemic recovery in vehicle production, coupled with rising investments in electric and hybrid vehicle platforms, has also reinforced the market’s long-term growth trajectory.
Segment Analysis
The Automotive Steering Systems Market is divided into four primary segments — Steering System, Component, Vehicle Type, and Sales Channel.
The Automotive Steering Systems Market has been segmented into Manual, Electrically Powered, Electro-Hydraulic Powered, and Hydraulic Powered systems. Electrically powered steering systems dominate the segment due to their superior efficiency, integration with ADAS technologies, and widespread use in modern passenger vehicles.
Based on component type, the market includes Hydraulic Pump, Steering Sensor & Column, Electric Motor, and Others. Hydraulic pumps hold a major share owing to their critical role in vehicle control and steering precision. However, electric motors and sensors are witnessing strong growth, driven by increasing adoption of electronic steering controls.
The market is categorized into Passenger Vehicles, Commercial Vehicles, and Others. Passenger vehicles lead the segment due to rising consumer expectations for enhanced driving comfort, advanced safety systems, and responsive handling in mid- and high-end models.
The market is bifurcated into OEM and Aftermarket. The OEM segment holds the largest share, as steering systems are predominantly installed during vehicle manufacturing. However, the aftermarket is also expanding due to replacement demand and the growing upgrade of conventional systems with advanced steering technologies.
Regional Analysis
By region, the Automotive Steering Systems Market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
North America dominates the market, supported by a strong automotive manufacturing ecosystem, rapid adoption of electric and autonomous vehicles, and technological innovation. The region’s focus on safety and fuel-efficient technologies drives the adoption of advanced EPS and steer-by-wire systems.
Europe holds the second-largest share, with a growing demand for lightweight steering systems in luxury and performance vehicles. Stringent environmental regulations and the presence of leading automakers further boost the region’s market growth.
Asia-Pacific is projected to witness the fastest growth during the forecast period, driven by rising vehicle production, rapid urbanization, and increasing consumer demand for efficient and safe vehicles. China and India remain major contributors, supported by expanding vehicle ownership and large-scale investments in manufacturing.
Key Findings of the Study
- The Global Automotive Steering Systems Market is projected to reach USD 29.03 Billion by 2035, registering a CAGR of 4.44% during 2025–2035.
- Electrically powered steering systems lead the market due to superior efficiency and compatibility with modern automotive technologies.
- North America dominates the global market, while Asia-Pacific is expected to record the fastest growth.
- The increasing adoption of electric and autonomous vehicles is reshaping the market landscape.
- Leading players are focusing on R&D, safety compliance, and strategic alliances to strengthen their competitive position.