Automotive Electric Power Steering Market Top Companies & Manufacturers Companies

Section 1: Automotive Electric Power Steering Market Companies Overview

Why Are Automotive Electric Power Steering Markets Expanding?

The Automotive Electric Power Steering (EPS) Market is poised for rapid structural growth with the global shift from hydraulic steering towards electric steering systems, increasing stringent regulations on fuel efficiency and emissions, and a deep integration of EPS with Advanced Driver-Assistance Systems (ADAS). Market Research Future (MRFR) states that the market would be worth USD 29.57 billion by 2025, growing at a CAGR of 4.28% through the forecast period to reach USD 44.97 billion by 2035. This growth underscores the vital importance of EPS technology as the enabling steering architecture for both ADAS and fully electric car platforms.

Rules and regulations are a major driver of demand. Fuel economy standards, such as the US CAFE standards and the EU CO2 fleet average targets, have been set by North American, European and Asia-Pacific governments to promote or mandate EPS adoption, since electric steering removes the parasitic energy loss of hydraulic pumps and offers vehicle fuel savings of 3–5%. At the same time, the fast build-up of EV manufacturing capacity to over 20 million units per year by 2025 has pushed EPS to become the steering technology of choice for battery electric vehicles, as hydraulic systems are architecturally incompatible with fully electric drivetrains.

Why Are These Companies Leading the Market?

According to Market Research Future (MRFR), the Automotive EPS Market is driven by four structural advantages that Market Research Future has determined to be the consistent differentiators between market leaders and the rest of the competitive field.

Full Spectrum EPS Portfolio Market leaders have a full range of column, rack and pinion EPS versions and next-generation steer-by-wire systems, allowing them to serve all vehicle segments from compact city cars to commercial trucks. Robert Bosch GmbH’s eSteering platform, for example, is broad in scope, providing adaptable EPS systems that suit both conventional passenger cars and ADAS-equipped autonomous development platforms.

Section 2: Top 10 Global Automotive Electric Power Steering Companies — MRFR Rankings (2026)

MRFR has identified and profiled the following leading automotive electric power steering companies globally, evaluated on the basis of revenue performance, market capitalization, geographic presence, product breadth, innovation strategy, and client base.

*Rankings based on MRFR analysis. Revenue figures sourced from official company filings and investor relations disclosures.

Section 3: Detailed Company Profiles

1. Robert Bosch GmbH | Private | Stuttgart, Germany

Robert Bosch GmbH is the world’s largest automotive supplier by revenue, and its Mobility Solutions division offers a broad EPS portfolio with column, rack and dual-pinion variants for passenger cars, commercial vehicles and autonomous development platforms. Bosch’s flagship EPS platform, the eSteering system, is designed to reduce energy consumption, provide a variable steering ratio for parking, and offer the torque overlay interfaces needed for ADAS lane keeping and automatic parking features. Bosch is a supplier of EPS systems to almost all major worldwide OEMs, and strong integration across its broader Chassis Systems Control division underscores this.

2. JTEKT Corporation | TYO: 6473 | Osaka, Japan

JTEKT Corporation is a global leader in automotive EPS systems, bearings and driveline components. The company’s Steering Systems segment supplies rack EPS, column EPS and dual-pinion EPS solutions to more than 100 OEM vehicle programs across the world. JTEKT is known for its highly configurable EPS platform architecture, which enables OEMs to customize the steering feel, variable assist curves and ADAS torque override parameters to each vehicle platform without having to reinvent the hardware. JTEKT’s tight engineering connection with the Toyota Group provides a reliable, high-volume source of supply, augmented by an increasing number of independent OEM customers.

3. Nexteer Automotive | Private (Majority: Pacific Century Premium Developments) | Saginaw, MI, USA

Nexteer Automotive is a dedicated steering and driveline systems supplier, with EPS as its core product domain. The company's EPS portfolio covers column, rack, and integrated EPS systems. It extends into steer-by-wire (SbW) technology — the next-generation architecture that eliminates the mechanical steering column and enables fully software-defined steering behaviour. Nexteer's SbW systems are a foundational enabling technology for L3–L5 autonomous driving platforms. The company supplies EPS systems to GM, Ford, FCA (Stellantis), and a growing list of Chinese EV manufacturers.

4. Denso Corporation | TYO: 6902 | Kariya, Japan

Denso Corporation’s contribution to the Automotive EPS Market is principally through its manufacturing capability for EPS motors and control units, which are vital electromechanical components provided to JTEKT and other EPS system integrators within the Toyota Group ecosystem. Denso’s small-diameter, high-torque EPS motors are designed for column and rack EPS applications in all passenger and commercial vehicles, with a focus on motor efficiency improvements that immediately translate to EV range preservation. Denso’s close integration in the Toyota supply chain provides a structurally reliable high-volume demand basis.

5. ZF Friedrichshafen AG | Private | Friedrichshafen, Germany

ZF Friedrichshafen AG is a global Tier-1 automotive technology supplier with a comprehensive EPS portfolio spanning rack EPS, integrated EPS, and steering actuators for commercial vehicles. ZF's EPS systems are integrated within its broader chassis and safety platform, enabling a systems-level approach where steering, braking, and suspension dynamics are co-optimized through a unified domain controller. ZF's Active Kinematics Control (AKC) and integrated EPS platforms are deployed across premium European OEM programmes requiring advanced handling dynamics and active safety performance.

6. Continental AG | XETRA: CON | Hanover, Germany

Continental AG is represented in the Automotive EPS Market by its Automotive Technologies subsidiary and offers EPS control units, column EPS assemblies and ADAS integrated steering software stacks to OEMs in Europe and Asia. Continental’s EPS control units are designed to be integrated into the company’s larger ADAS domain controller architecture. They will provide the software/hardware integration required for lane-keeping, traffic jam assist and automatic parking features. Continental's steering domain software platform is also ISO 26262 ASIL-D functional safety certified, a precondition for deployment in L2+ and L3 autonomous projects.

7. Mando Corporation (HL Mando) | KRX: 204320 | Seongnam, South Korea

Mando Corporation (now operating as HL Mando following the HL Group restructuring) is a leading Korean Tier-1 supplier of chassis systems, with rack EPS as a core product line serving Hyundai-Kia, GM Korea, and a growing roster of Chinese OEM customers. Mando's EPS systems are differentiated by their integrated ADAS functionality — the company has developed EPS platforms with embedded torque sensors and control algorithms that natively support lane-keeping assist, parking assistance, and trailer sway mitigation without requiring external ADAS domain controller intervention.

8. Thyssenkrupp AG (Automotive Division) | XETRA: TKA | Essen, Germany

Thyssenkrupp AG’s Automotive Technology unit manufactures rack and pinion EPS systems, steer-by-wire components and commercial vehicle EPS assemblies for European and North American OEMs, and specializes in electromechanical steering for heavy-duty and commercial vehicle applications. The steer-by-wire system architecture is part of Thyssenkrupp’s Automotive division’s strategic pivot to future-mobility steering solutions, including active front-wheel steering systems that enable automatic lane changes and precision parking in commercial EV platforms.

9. Hitachi Astemo, Ltd. | Private (Joint Venture: Hitachi / Honda) | Tokyo, Japan

Hitachi Astemo, Ltd. was formed in 2021 through the integration of Hitachi Automotive Systems, Keihin, Showa, and Nissin Kogyo, creating one of Japan's largest automotive component conglomerates. In the EPS segment, Hitachi Astemo delivers column and rack EPS systems, EPS actuators, and steering control software — with particular strength in serving Honda Group OEM programmes and expanding into European and North American non-captive OEM markets. The company's integrated EPS control architecture supports both conventional ADAS-assisted steering and next-generation brake-steer coordination in EV platforms.

10. Showa Corporation (Now Hitachi Astemo) | Tokyo, Japan

Showa Corporation, which was fully consolidated into Hitachi Astemo in 2021, continues to maintain its own product identity in the EPS industry with its high-performance rack EPS and motorcycle EPS systems. The automotive EPS products of Showa are known for their rapid dynamic response, accurate torque delivery and adaptability to sport and performance vehicle platforms. The company's motorcycle EPS systems are a niche leader, offering EPS solutions to Honda and other leading motorcycle OEMs in high-displacement touring and premium motorcycle segments.

Section 4: M&A Activity Tracker

The Automotive EPS Market has witnessed significant consolidation as established Tier-1 suppliers look for acquisitions and strategic partnerships to gain steer-by-wire IP, ADAS software integration capabilities, and better geographic access to OEMs, a sign of the transition from commodity steering hardware to safety-critical, software-defined vehicle systems.

Market Research Future tracks the following verified M&A transactions directly relevant to the automotive EPS segment (2022–2026):

Key Trend: M&A activity in the Automotive EPS Market is concentrated on software and ADAS integration capability acquisition — a pattern MRFR's analysis identifies as driven by OEM insistence that EPS systems deliver not just mechanical steering assist, but serve as active nodes in the vehicle's ADAS and autonomous driving software architecture, requiring suppliers to own deep software IP or acquire it through strategic transactions.

Section 5: R&D Investment & Innovation Signals

The leading companies are investing in R&D in the Automotive EPS Market with steer-by-wire commercialisation, ADAS torque-overlay software development, EV-optimised motor efficiency programmes and functional safety certification under ISO 26262 ASIL-D requirements, accelerating in 2025-2026. Market Research Future notes the following innovation indications from official company platforms:

• Robert Bosch GmbH has advanced its eSteering steer-by-wire development programme to target series production readiness by 2027, integrating AI-based steering feedback algorithms that replicate mechanical steering feel in the absence of a physical column connection.
• JTEKT Corporation has invested in EPS control software that supports over-the-air (OTA) steering parameter updates, enabling OEMs to refine ADAS lane-tracing performance and steering feel post-production without hardware replacement.
• Nexteer Automotive has developed a production-ready steer-by-wire system with dual-redundant actuator architecture and ASIL-D functional safety certification, enabling deployment in Level 3 autonomous vehicle platforms entering series production.
• ZF Friedrichshafen AG has launched an integrated EPS platform incorporating active torque vectoring capability, co-developed with its chassis domain controller team to enable dynamic steering-braking coordination on electric SUV platforms.
• Continental AG has integrated Elektrobit steering domain software into its EPS control units, delivering OTA-updatable ADAS steering functions and reducing OEM integration effort for lane-keeping and automated parking calibration.
• Mando Corporation (HL Mando) has developed a compact EPS platform with embedded torque sensor and ADAS control logic, designed for Korean and Chinese EV OEMs seeking to reduce steering system integration complexity and component count.
• Hitachi Astemo has initiated an EPS motor efficiency improvement programme targeting a 12% reduction in electrical power consumption for column EPS systems, extending BEV range through reduced steering system parasitic draw.
• Thyssenkrupp Automotive has invested in expanding its steer-by-wire test infrastructure in Germany, establishing a dedicated SbW validation facility capable of running 10,000-hour endurance tests aligned to commercial vehicle duty cycle requirements.

Industry Signal: MRFR's innovation analysis across the Automotive EPS Market identifies steer-by-wire and ADAS software integration as the two axes reshaping competitive differentiation — suppliers that can deliver mechanically decoupled, software-defined steering with certified ASIL-D functional safety will capture the highest-value EPS contracts as OEM autonomous driving programmes transition from development to volume production between 2026 and 2030.