Global Automotive Electro-Hydraulic Power Steering Market Set for Major Growth

2025-04-17 automotive

Global, Thursday, 17 April 2025.
The EHPS market is projected to expand from USD 20.45 billion to USD 30.78 billion by 2034, driven by demand for efficient vehicle steering systems, despite challenges in system complexity and reliability.

Market Growth and Technological Evolution

The automotive EHPS market’s projected growth trajectory represents a 50.513% increase over the next decade, driven primarily by increasing integration with advanced driver-assistance systems (ADAS) and the broader shift toward vehicle electrification [1]. This expansion comes as the global automotive steering system market itself is expected to reach USD 37.6 billion by 2035, indicating the significant role of EHPS technology in the broader automotive landscape [5].

Regional Market Dynamics

Asia Pacific currently dominates the EHPS market, with strong manufacturing presence in China, Japan, and South Korea leading regional growth [3]. Europe is positioned as a key growth market, particularly driven by stringent environmental regulations and the region’s accelerated transition toward automotive electrification [1]. The European market’s evolution is further supported by the UK’s commitment to ban internal combustion engine vehicles by 2035, creating additional momentum for advanced steering technologies [5].

Technological Challenges and Innovations

While EHPS systems offer improved fuel efficiency and reduced engine load through their electric motor-driven hydraulic pumps [1], manufacturers face significant challenges in system reliability and complexity [3]. A notable development came in January 2025 with the Rane Group and ZF collaboration announcing advanced electric power steering systems in India, demonstrating the industry’s commitment to overcoming these technical hurdles [1].

Future Market Outlook

The integration of artificial intelligence and machine learning in steering systems represents a major growth factor, particularly for autonomous vehicle applications [5]. The passenger vehicle segment continues to lead market demand, driven by increasing consumer preference for fuel-efficient and technologically advanced steering solutions [3]. This trend aligns with broader automotive industry shifts, where electric motors are expected to play an increasingly crucial role, with the electric motors market projected to reach USD 283.3 billion by 2034 [6].

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EHPS market automotive growth