Global Automotive Power Steering Motor Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

The automotive power steering motor market is the differentiation based on vehicle type. This segmentation encompasses passenger cars, light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), and off-road vehicles, among others. Passenger cars represent a substantial portion of the market, driven by the widespread adoption of electric power steering (EPS) systems in modern vehicles to enhance driver comfort and maneuverability. Similarly, LCVs and HCVs rely on power steering motors to facilitate precise steering control and improve vehicle stability, particularly in urban and highway driving scenarios. Off-road vehicles demand robust power steering motors capable of withstanding rugged terrain and extreme operating conditions, underscoring the importance of durability and reliability in this segment.

Crucial aspect of segmentation in the automotive power steering motor market is based on the type of power steering system. This classification includes electric power steering (EPS) motors, hydraulic power steering (HPS) motors, and electro-hydraulic power steering (EHPS) motors. EPS motors are increasingly preferred in modern vehicles for their energy efficiency, compact size, and precise control. These motors convert electrical signals into mechanical power, offering variable steering assistance based on driving conditions and vehicle speed. HPS motors utilize hydraulic pressure to assist steering efforts, while EHPS motors combine elements of electric and hydraulic power steering for optimized performance and efficiency. Each type of power steering motor caters to specific vehicle applications and performance requirements, driving market demand and innovation among manufacturers.

Global Automotive Power Steering Motor Segment Analysis

In this report, the Global Automotive Power Steering Motor Market has been segmented by Vehicle Type, Power Steering Type, Product Type, Demand Category, and Geography.

Global Automotive Power Steering Motor Market, Segmentation by Vehicle Type

The Global Automotive Power Steering Motor Market has been segmented by Vehicle Type into Passenger Car and Commercial Vehicle.

Passenger cars represent a significant segment within the automotive power steering motor market. These vehicles, including sedans, hatchbacks, SUVs, and coupes, are equipped with power steering systems to enhance driver comfort and maneuverability. Power steering motors in passenger cars play a crucial role in providing smooth and precise steering control, reducing driver fatigue, and improving overall driving experience. With the increasing adoption of electric power steering (EPS) systems in modern passenger cars, the demand for compact, efficient, and reliable power steering motors is on the rise. Manufacturers focus on developing advanced motor technologies that offer seamless integration with EPS systems, enabling enhanced steering performance, energy efficiency, and safety features in passenger vehicles.

Commercial vehicles constitute another important segment in the automotive power steering motor market. This category includes a wide range of vehicles such as vans, trucks, buses, and delivery vehicles used for commercial purposes. Power steering motors in commercial vehicles are designed to withstand heavy loads, frequent stops, and rigorous operating conditions encountered in commercial transportation and logistics operations. These motors play a critical role in facilitating precise steering control, improving vehicle stability, and enhancing driver productivity and safety. With the growing demand for commercial vehicles worldwide, particularly in emerging economies, the market for power steering motors in this segment is witnessing steady growth. Manufacturers focus on developing robust and durable power steering motors tailored to the specific requirements of commercial vehicle applications, ensuring reliable performance and longevity in demanding operating environments.

Global Automotive Power Steering Motor Market, Segmentation by Power Steering Type

The Global Automotive Power Steering Motor Market has been segmented by Power Steering Type into Hydraulic Power Steering (HPS) and Electric Power Hydraulic Steering (EPHS).

Hydraulic power steering (HPS) has been a traditional and widely used technology in automotive power steering systems. In HPS systems, a hydraulic pump driven by the vehicle's engine generates hydraulic pressure to assist steering efforts. This pressure is transmitted to a hydraulic cylinder or actuator connected to the steering mechanism, amplifying the force applied by the driver and facilitating smoother steering operation. HPS systems are known for their reliability, robustness, and consistent performance across various driving conditions. They have been extensively used in passenger cars, commercial vehicles, and off-road vehicles for decades, providing precise steering control and enhancing vehicle maneuverability.

Electric power hydraulic steering (EPHS) represents a more recent advancement in power steering technology, combining elements of hydraulic and electric power steering systems. In EPHS systems, an electric motor assists the hydraulic pump in generating hydraulic pressure, providing variable assistance levels based on driving conditions and vehicle speed. EPHS systems offer several advantages over traditional HPS systems, including improved energy efficiency, reduced weight, and enhanced adaptability to electric and autonomous vehicle platforms. EPHS systems are increasingly being adopted in modern vehicles, particularly in passenger cars and light commercial vehicles, where manufacturers prioritize fuel efficiency, vehicle dynamics, and driver comfort. Additionally, EPHS systems enable integration with advanced driver assistance systems (ADAS) and autonomous driving technologies, paving the way for future automotive innovations.

Global Automotive Power Steering Motor Market, Segmentation by Product Type

The Global Automotive Power Steering Motor Market has been segmented by Product Type into By Rack Assist Type (REPS), Colum Assist Type (CEPS), and Pinion Assist Type (PEPS).

Rack assist type (REPS) power steering systems are characterized by the location of the power steering motor on the steering rack. In REPS systems, the motor assists in turning the steering rack, which is connected to the vehicle's front wheels, thereby amplifying the force applied by the driver and facilitating smoother steering operation. REPS systems are commonly found in modern vehicles, offering precise steering control and improved vehicle maneuverability. These systems are particularly well-suited for compact vehicles and applications where space constraints and weight considerations are critical factors.

Column assist type (CEPS) power steering systems feature the power steering motor integrated into the steering column, the shaft that connects the steering wheel to the steering mechanism. In CEPS systems, the motor assists in turning the steering column, providing steering assistance directly at the steering wheel. This configuration offers several advantages, including simplified installation, reduced mechanical complexity, and enhanced ergonomics. CEPS systems are often used in vehicles where driver comfort and ease of steering are prioritized, such as passenger cars and light commercial vehicles.

Pinion assist type (PEPS) power steering systems utilize a different mechanism, with the power steering motor assisting in turning the steering pinion, a gear that meshes with the steering rack to transmit steering input to the vehicle's wheels. In PEPS systems, the motor's assistance is applied directly to the steering gear mechanism, offering precise control and responsiveness. PEPS systems are commonly used in a wide range of vehicles, including passenger cars, commercial vehicles, and off-road vehicles, where reliability, durability, and performance are essential requirements.

Global Automotive Power Steering Motor Market, Segmentation by Demand Category

The Global Automotive Power Steering Motor Market has been segmented by Demand Category into OEM and Replacement.

OEM demand refers to the procurement of power steering motors by vehicle manufacturers for installation in new vehicles during the manufacturing process. Automakers integrate power steering motors into their vehicles as original equipment to ensure compatibility, quality, and reliability. OEM sales are driven by the production volume of new vehicles and the adoption of advanced steering technologies by automotive manufacturers. As vehicle production rates fluctuate in response to market demand, OEM sales of power steering motors experience corresponding variations, reflecting the cyclical nature of the automotive industry.

Replacement demand, on the other hand, pertains to the aftermarket sales of power steering motors for vehicles that require component replacement due to wear and tear, damage, or performance issues. Replacement sales occur when existing power steering motors fail or become obsolete over time and need to be replaced with new or refurbished units. This demand category is driven by factors such as vehicle age, maintenance requirements, and consumer preferences for vehicle repair and upgrades. Additionally, replacement demand may be influenced by technological advancements and improvements in power steering motor design, prompting vehicle owners to upgrade to newer, more efficient models.

Global Automotive Power Steering Motor Market, Segmentation by Geography

In this report, the Global Automotive Power Steering Motor Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Global Automotive Power Steering Motor Market Share (%), by Geographical Region, 2023

North America commands a significant portion of the market share for automotive power steering motors. The region's market share is driven by a strong automotive industry, characterized by robust vehicle production and a high demand for advanced steering technologies. North American consumers prioritize vehicles equipped with power steering motors for their reliability, comfort, and safety features. Moreover, stringent regulatory standards and consumer preferences for vehicles with enhanced driving dynamics contribute to the region's dominance in the global automotive power steering motor market.

Europe holds a notable market share in the global automotive power steering motor market, supported by a well-established automotive manufacturing sector and a tradition of engineering excellence. European automakers prioritize innovation and technological advancement, driving the adoption of advanced power steering motor technologies in vehicles. Additionally, Europe's focus on vehicle safety and environmental sustainability further fuels the demand for power steering motors equipped with advanced safety features and energy-efficient designs. As a result, Europe remains a key player in the global automotive power steering motor market, with a significant share of vehicle production and consumer demand.

Asia Pacific emerges as a dominant force in the global automotive power steering motor market, fueled by rapid industrialization, increasing vehicle production, and rising consumer purchasing power. Countries such as China, Japan, and South Korea contribute significantly to the region's market share, buoyed by a growing automotive manufacturing base and a rising demand for vehicles equipped with advanced steering technologies. Moreover, Asia Pacific's focus on technological innovation and affordability drives the adoption of power steering motors across various vehicle segments, further expanding the region's market share in the global automotive power steering motor market.

This report provides an in depth analysis of various factors that impact the dynamics of Global Automotive Power Steering Motor Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers, Restraints and Opportunity Analysis

Drivers

• Electric Power Steering (EPS)
• Fuel Efficiency
• Increasing Vehicle Production

• Integration with Advanced Driver Assistance Systems (ADAS) - Integration with Advanced Driver Assistance Systems (ADAS) represents a significant opportunity for the automotive power steering motor market, driven by the increasing demand for safety, convenience, and automation in vehicles. One of the primary benefits of integrating power steering motors with ADAS is the enhancement of vehicle safety systems. By leveraging the capabilities of ADAS, such as adaptive cruise control, lane-keeping assistance, and collision avoidance systems, power steering motors can provide precise and responsive steering assistance to support these features. For example, in emergency braking situations, the power steering motor can apply additional steering torque to help the driver maneuver the vehicle safely and avoid collisions, improving overall vehicle safety and reducing the risk of accidents.

  Integration with ADAS enables enhanced vehicle automation and autonomy. As automotive technology advances towards higher levels of autonomy, power steering motors play a crucial role in enabling features such as autonomous parking, highway autopilot, and traffic jam assist. By working in conjunction with ADAS sensors and control systems, power steering motors can provide the precise steering control necessary for automated driving functions, enhancing driver convenience and reducing driver workload in various driving scenarios.

  Integration with ADAS opens up opportunities for innovation and differentiation in the automotive market. Manufacturers can develop advanced steering systems that not only provide traditional steering assistance but also incorporate predictive algorithms, machine learning capabilities, and sensor fusion techniques to anticipate and adapt to changing driving conditions in real-time. This level of integration enables vehicles to offer a more intuitive and seamless driving experience, leading to increased customer satisfaction and brand loyalty.

Restraints

• Cost Constraints
• Reliability Concerns
• Supply Chain Disruptions

• Compatibility Issues - Compatibility issues can present significant challenges in the integration of automotive power steering motors with other vehicle systems, such as electronic control units (ECUs), sensors, and communication networks. These issues may arise due to differences in hardware interfaces, communication protocols, software compatibility, and electrical architectures between the power steering motor and other vehicle components. One common compatibility issue is the integration of power steering motors with vehicle-specific ECUs and control modules. Different vehicle manufacturers may use proprietary communication protocols or software algorithms for steering control, requiring power steering motors to be compatible with a wide range of ECU configurations. Ensuring seamless compatibility between power steering motors and vehicle ECUs is essential to avoid communication errors, system malfunctions, and potential safety risks.

  Compatibility issues may arise when retrofitting aftermarket power steering motors to existing vehicle platforms or upgrading vehicles with advanced driver assistance systems (ADAS). Retrofitting requires careful consideration of vehicle-specific parameters, such as mounting locations, electrical connections, and mechanical interfaces, to ensure proper fitment and functionality. Failure to address compatibility issues during retrofitting can lead to installation errors, performance degradation, and warranty voidance, impacting customer satisfaction and aftermarket sales opportunities.

  Compatibility issues may arise when integrating power steering motors with emerging automotive technologies, such as electrification, connectivity, and autonomous driving systems. These technologies introduce new requirements and standards for vehicle systems integration, posing additional challenges for power steering motor manufacturers to ensure compatibility with evolving vehicle architectures and communication protocols. Addressing compatibility issues in a rapidly evolving technological landscape requires proactive collaboration between automotive stakeholders, including manufacturers, suppliers, and regulatory bodies, to develop standardized solutions and best practices for seamless integration of power steering motors with other vehicle systems.

Opportunities

• Electric and Autonomous Vehicles
• Emerging Markets Expansion
• Technological Innovation

• Lightweight Materials - The integration of lightweight materials in automotive power steering motors presents a promising avenue for enhancing performance, efficiency, and sustainability within the automotive industry. The adoption of lightweight materials, such as aluminum alloys, high-strength steel, and composite materials, allows for the reduction of overall component weight without compromising structural integrity or functionality. This reduction in weight contributes to improved fuel efficiency, lower emissions, and enhanced vehicle handling and agility, aligning with regulatory mandates for improved environmental performance and consumer preferences for eco-friendly transportation options.

  The use of lightweight materials in automotive power steering motors enables manufacturers to optimize the design and packaging of motor components, leading to more compact and space-efficient solutions. By reducing the size and weight of power steering motors, vehicle designers can create additional space within the vehicle's engine compartment, improving overall vehicle layout and packaging efficiency. This space optimization not only enhances vehicle aerodynamics and interior spaciousness but also provides opportunities for integrating additional features and technologies, such as advanced driver assistance systems (ADAS) and electrification components, further enhancing vehicle performance and functionality.

  Lightweight materials offer benefits beyond performance and efficiency, including enhanced durability, corrosion resistance, and recyclability. Aluminum alloys and composite materials, for example, exhibit excellent corrosion resistance and durability properties, making them well-suited for automotive applications exposed to harsh operating conditions. Additionally, lightweight materials are often recyclable and contribute to the overall sustainability of vehicle manufacturing and end-of-life recycling processes, reducing environmental impact and resource consumption.

Key players in Global Automotive Power Steering Motor Market include :

• JTEKT
• Nexteer Automotive
• ZF / TRW
• NSK
• Showa
• Thyssenkrupp
• Delphi Automotive
• Mobis
• Mando Corp

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis