The United States electric power steering market continues to expand steadily as the automotive industry accelerates toward efficiency, safety, and electrification. Valued at USD 5.72 billion in 2025, the market is expected to reach approximately USD 8.39 billion by 2035, growing at a CAGR of 3.9% during the forecast period. This growth reflects the increasing adoption of electric power steering (EPS) systems across passenger and commercial vehicles.Get a Free Sample Report with a Table of Contents: Click Here
Market Drivers and Key Trends
A key driver of the United States electric power steering market is the rising demand for fuel-efficient and lightweight vehicle components. Unlike traditional hydraulic systems, EPS systems reduce engine load and improve fuel economy, making them increasingly attractive to automakers striving to meet stringent emission standards.
Additionally, the growing penetration of electric vehicles (EVs) and advanced driver assistance systems (ADAS) is further accelerating EPS adoption. Electric power steering systems offer enhanced steering precision, improved vehicle control, and seamless integration with autonomous and semi-autonomous driving technologies. Continuous innovation in software-controlled steering systems is also shaping market trends.
Market Restraints
Despite favorable growth prospects, the market faces challenges such as higher initial costs compared to hydraulic systems and the need for advanced electronic components. However, ongoing technological advancements and economies of scale are expected to gradually reduce cost barriers.
Segmentation and Regional Insights
The United States electric power steering market can be segmented by vehicle type, component, and application. Key vehicle segments include passenger cars and commercial vehicles, with passenger vehicles accounting for a significant share due to higher production volumes. Demand is concentrated across major automotive manufacturing hubs and regions with strong EV adoption.
Competitive Landscape
The market is characterized by the presence of leading global automotive suppliers and technology providers. Companies are focusing on innovation, system integration, and strategic partnerships to strengthen their position in the competitive landscape.
EMR’s Unique Value Proposition
Expert Market Research (EMR) offers comprehensive, data-driven insights into the United States electric power steering market. With global coverage, industry-leading forecasting, and tailored research solutions for B2B decision-makers, EMR helps businesses evaluate market trends, assess competitive dynamics, and formulate effective growth strategies.