Automotive Steering Pumps Market

By Product Type;

Hydraulic Steering Pumps and Electric Steering Pumps

By Vehicle Type;

Passenger Cars and Commercial Vehicles

By Sales Channel;

OEM and Aftermarket

By Technology;

Conventional and Electric Power Steering

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn716416682 Published Date: September, 2025 Updated Date: October, 2025

Automotive Steering Pump Market Overview

Automotive Steering Pump Market (USD Million)

Automotive Steering Pump Market was valued at USD 9453.10 million in the year 2024. The size of this market is expected to increase to USD 12439.64 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.0%.


Automotive Steering Pumps Market

*Market size in USD million

CAGR 4.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.0 %
Market Size (2024)USD 9453.10 Million
Market Size (2031)USD 12439.64 Million
Market ConcentrationHigh
Report Pages339
9453.10
2024
12439.64
2031

Major Players

  • Bosch
  • ZF Friedrichshafen AG
  • Nexteer Automotive
  • JTEKT Corporation
  • ThyssenKrupp AG
  • NSK Ltd.
  • Hitachi Automotive Systems
  • Mitsubishi Electric Corporation
  • DENSO Corporation
  • TRW Automotive Holdings Corp. (acquired by ZF Friedrichshafen AG)
  • Robert Bosch Automotive Steering GmbH
  • Johnson Electric Holdings Limited
  • Hyundai Mobis
  • Schaeffler AG
  • Showa Corporation

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Automotive Steering Pumps Market

Fragmented - Highly competitive market without dominant players


The Automotive Steering Pumps Market is experiencing strong momentum with the rising demand for efficient steering systems that enhance driving comfort and vehicle performance. Steering pumps play a vital role in supplying hydraulic pressure, ensuring smoother vehicle handling and reduced driver effort. Nearly 68% of modern vehicles continue to incorporate steering pumps, reflecting their crucial role in enabling reliable steering functions across both conventional and advanced vehicle platforms.

Increasing Shift Toward Electrification
A significant transformation is underway as the market transitions from traditional hydraulic pumps to electro-hydraulic and electric variants. These advanced solutions offer better energy efficiency and lower emissions, aligning with global moves toward sustainable mobility. Presently, over 60% of newly manufactured vehicles are adopting electrified steering pump technologies, demonstrating a rapid replacement trend for conventional designs.

Focus on Vehicle Safety and Control
As vehicle safety regulations tighten and demand for driver assistance features grows, steering pumps are becoming more sophisticated. Their role in enabling precise steering control supports functions like lane-keeping assist and stability systems. Studies indicate that nearly 52% of ADAS-equipped vehicles rely on advanced pump designs, underlining their importance in modern automotive safety frameworks.

Technological Innovations Driving Growth
Continuous advancements in pump efficiency, material durability, and compact design are fueling product development. Manufacturers are focusing on noise reduction, enhanced fluid dynamics, and longer operational life. Approximately 38% of new innovations in this space emphasize energy-saving mechanisms, highlighting the market’s progression toward more reliable and eco-friendly solutions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type

    2. Market Snapshot, By Vehicle Type

    3. Market Snapshot, By Sales Channel

    4. Market Snapshot, By Technology

    5. Market Snapshot, By Region

  4. Automotive Steering Pump Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing vehicle production volumes
        2. Growing demand for power steering
        3. Technological advancements in pumps
        4. Rising focus on fuel efficiency
        5. Expansion of automotive sector
      2. Restraints
        1. Fluctuating raw material prices
        2. Stringent government regulations
        3. High maintenance costs
        4. Threat from electric vehicles
        5. Supply chain disruptions
      3. Opportunities
        1. Emergence of electric power steering
        2. Demand for lightweight pumps
        3. Expansion in emerging markets
        4. Integration of advanced sensors
        5. Adoption of hydraulic hybrid systems
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Automotive Steering Pumps Market, By Product Type, 2021 - 2031 (USD Million)
      1. Hydraulic Steering Pumps
      2. Electric Steering Pumps
    2. Automotive Steering Pumps Market, By Vehicle Type, 2021 - 2031 (USD Million)
      1. Passenger Cars
      2. Commercial Vehicles
    3. Automotive Steering Pumps Market, By Sales Channel, 2021 - 2031 (USD Million)
      1. OEM
      2. Aftermarket
    4. Automotive Steering Pumps Market, By Technology, 2021 - 2031 (USD Million)
      1. Conventional
      2. Electric Power Steering
    5. Automotive Steering Pump Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
    2. Robert Bosch GmbH
    3. ZF Friedrichshafen AG
    4. JTEKT Corporation
    5. Nexteer Automotive
    6. Delphi Technologies
    7. Mando Corporation
    8. Hyundai Mobis
    9. TRW Automotive (now part of ZF Friedrichshafen AG)
    10. Showa Corporation
    11. NSK Ltd
    12. Continental AG
    13. Denso Corporation
    14. Aisin Seiki Co., Ltd.
    15. MAHLE GmbH
    16. Hitachi Automotive Systems Ltd
  • Analyst Views
  • Future Outlook of the Market