Automotive Steering System Market Trends 2025 | Segmentation, Outlook, Industry Report to 2035

 

The global automotive steering system market is poised for steady growth from USD 25.9 billion in 2025 to USD 37.6 billion by 2035, registering a CAGR of 3.8%. This momentum is fueled by the rising production of electric and autonomous vehicles, growing adoption of electric power steering (EPS) and steer-by-wire (SBW) systems, and increasing demand for energy-efficient, AI-powered, and safety-focused steering solutions.

The transition from traditional hydraulic power steering (HPS) to advanced electronic and sensor-driven systems is redefining vehicle handling, efficiency, and driving comfort. his growth is characterized by a significant shift from traditional hydraulic systems to more advanced electric power steering (EPS) and steer-by-wire (SBW) technologies, which offer improved precision, enhanced safety, and greater energy efficiency for both internal combustion and electric vehicles. This evolution is further accelerated by stringent global safety regulations and consumer preferences for superior vehicle handling and connectivity.

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Market Trends Highlighted

  • Shift from Hydraulic to Electric Steering:
    Rapid replacement of HPS with EPS and SBW systems to improve fuel efficiency in internal combustion engine (ICE) vehicles and extend range in electric vehicles (EVs).
  • Integration of AI & Sensor Technologies:
    AI-powered lane-keeping, adaptive steering control, and predictive steering for autonomous and semi-autonomous vehicles.
  • Growth in EV & Hybrid Vehicle Production:
    Demand for lightweight, energy-efficient steering components optimized for battery performance.
  • Regulatory Push for Safety & Emissions Reduction:
    Compliance with safety mandates and emission norms (e.g., Euro 7) encouraging adoption of advanced steering solutions.
  • Rise in Luxury & High-Performance Vehicle Demand:
    Precision-engineered steering systems with variable ratios, adaptive feedback, and customizable driving modes.
  • Adoption of Lightweight Materials:
    Use of carbon fiber and lightweight alloys in steering systems for improved vehicle performance and efficiency.
  • Smart Mobility & Connected Vehicle Development:
    Expansion of connected and automated driving features increasing need for integrated steering technologies.

Key Takeaways of the Report

  • Market Size & Forecast:
    From USD 25.9 billion in 2025 to USD 37.6 billion in 2035 at a CAGR of 3.8%.
  • Technology Transition:
    EPS and SBW systems to dominate over hydraulic steering due to efficiency, weight reduction, and integration with EV and ADAS technologies.
  • ADAS & Autonomous Driving Influence:
    Steering systems will increasingly incorporate AI-based sensors, actuators, and control units for precision handling.
  • Material Innovation:
    Lightweight alloys and composites will be crucial in meeting fuel efficiency and performance goals.
  • Regional Leaders:
    The United States and South Korea forecast the highest CAGRs (3.9%) due to rapid EV adoption and AI integration.

Challenges & Opportunities in the Automotive Steering System Market

The automotive steering system market is challenged by high development costs for new technologies and significant cybersecurity risks in connected systems. However, these challenges are met with major opportunities driven by the rapid growth of electric and autonomous vehicles, which are creating demand for advanced and innovative steering solutions like steer-by-wire and integrated ADAS.

Regional Market Outlook

United States (CAGR: 3.9%)

  • Strong EV growth and autonomous driving development boosting demand for EPS and SBW.
  • Safety regulations and tilt/telescopic steering columns gaining traction for driver comfort.

United Kingdom (CAGR: 3.6%)

  • Ban on ICE vehicle sales by 2035 accelerating EPS and SBW adoption.
  • Rise in luxury and connected vehicles driving AI-based steering assistance demand.

European Union (CAGR: 3.8%)

  • Euro 7 standards promoting lightweight EPS systems.
  • AI-powered lane-keeping and autonomous driving features fueling high-performance steering adoption.

Japan (CAGR: 3.5%)

  • Leadership in hybrid and EV production increasing EPS adoption.
  • Demand for predictive steering in high-performance and autonomous models.

South Korea (CAGR: 3.9%)

  • Hyundai and Kia’s EV leadership fueling EPS and SBW demand.
  • Luxury and performance vehicle production driving precision steering technology adoption. 

Other Key Players

·         Mando Corporation

·         ZF Friedrichshafen AG

·         Bosch Mobility Solutions (Robert Bosch GmbH)

·         Daimler Truck AG (Steering Components Division)

·         Showa Corporation

·         TRW Automotive (ZF Group)

·         Hella GmbH & Co. KGaA

·         Sona Koyo Steering Systems Ltd.

·         Mitsubishi Electric Corporation

·         Knorr-Bremse AG

Automotive Steering System Market Analyzed by Top Industry Segments

By Vehicle Type:

  • Passenger Cars
  • Compact
  • Mid-size
  • Premium
    • SUVs
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Technology:

  • Electronic Steering
  • Hydraulic Steering
  • Manual Steering
  • Electro-hydraulic Steering

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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