Italy Electric Power Steering Market Size - Share Outlook, Growth Analysis Report and Forecast Trends 2026-2030

The global Electric Power Steering market was valued at approximately $27.37 billion in 2023 and is projected to reach between $39.05 billion and $39.2 billion by 2030, depending on the analysis scope. In Europe specifically, the broader steering market reached $7.92 billion in 2025, with significant growth expected as electric powertrain adoption rises across passenger and commercial vehicles. EPS systems offer fuel efficiency advantages over hydraulic steering by drawing power only when needed, making them essential for modern vehicle design.

• •Global EPS market valued at $27.37B in 2023; projected near $39B by 2030 at 6.2-6.6% CAGR
• •European steering market at $7.92B in 2025, expected to grow to $13.05B by 2034
• •EPS systems replace hydraulic steering to reduce energy consumption and support EV platform architecture

The transition to electric and hybrid vehicles is the primary catalyst for EPS market expansion, as EV platforms fundamentally require electric assist systems that integrate with vehicle control architectures. Stricter global and European emissions regulations are compelling automakers to adopt every available efficiency measure, with EPS eliminating the parasitic loss associated with hydraulic pump systems. Additionally, the proliferation of advanced driver-assistance systems and autonomous driving features increasingly relies on electronic steering controls that can interface with vehicle sensors and software.

• •Electric and hybrid vehicle adoption accelerating EPS adoption due to inherent system compatibility with EV platforms
• •Regulatory pressure to reduce vehicle emissions drives elimination of hydraulic pump parasitic losses
• •ADAS and autonomous driving technologies require electronically controlled steering for software integration

The EPS market is segmented by type into Column-assist EPS (C-EPS), Pinion-assist EPS (P-EPS), and Dual-pinion EPS (DP-EPS), with column-assist systems dominating compact and mid-size vehicles while rack-assist variants serve heavier applications. Geographically, Europe represents a major growth market, with EU vehicle production and registrations data from 2025 indicating sustained demand for advanced steering systems. The region's push toward electrification, supported by IEA-tracked EV market trends showing rapid EV uptake, positions Europe as a critical EPS demand center through 2030.

• •Europe's steering market valued at $7.92B in 2025; projected to nearly double to $13.05B by 2034
• •EU auto industry maintained strong 2025 registration and production volumes per ACEA data, supporting EPS demand
• •IEA Global EV Outlook 2025 documents accelerating EV market share, directly benefiting EPS adoption rates

What are the recent trends and outlook?

The EPS market is witnessing a structural shift toward steer-by-wire systems that eliminate mechanical linkages entirely, enabling greater packaging flexibility and advanced autonomous driving capabilities. Supply chain considerations, including semiconductor availability and raw material costs for rare-earth magnets used in electric motors, have created near-term volatility but are expected to stabilize as the industry scales. The market is on track to sustain its 6.2% growth trajectory through 2030, with automotive EPS revenue projected between $39.05 billion and $39.2 billion, supported by sustained EV penetration and ongoing regulatory mandates across Europe and global markets.

• •Steer-by-wire technology emerging as the next evolution, enabling fully electronic steering without mechanical connections
• •Semiconductor and rare-earth material supply chains remain key watch items for production planning
• •Market projected to reach $39B+ by 2030 as EV penetration and ADAS adoption continue accelerating globally