대형 상용차 EPS 시장 기회, 성장 촉진요인, 산업 동향 분석 및 예측(2025-2034년)

The Global Heavy Commercial Vehicle EPS Market was valued at USD 17 billion in 2024 and is estimated to grow at a CAGR of 6.8% to reach USD 32.3 billion by 2034. Growth in this market is being fueled by the shift toward electrification in the heavy-duty transport sector, growing demand for improved driver comfort, and mounting regulatory pressures surrounding vehicle efficiency. EPS systems offer precision handling, reduce maintenance costs, and consume less energy compared to traditional hydraulic alternatives. These features make EPS an increasingly attractive option for fleet operators seeking to improve uptime, minimize total cost of ownership, and streamline vehicle performance.

As manufacturers continue embedding advanced safety and semi-autonomous features into commercial trucks, EPS serves as a critical enabler. Systems like lane centering and automated steering adjustments depend on electric steering solutions to function effectively. EPS is becoming a default choice over hydraulic systems as OEMs prioritize sustainability, modular architecture, and electrified drivetrains.

Additionally, EPS offers enhanced integration flexibility for modern platforms, allowing engineers to adapt designs quickly as electric and autonomous technologies become more prevalent. Its modular nature enables seamless incorporation into various vehicle architectures, reducing the need for complex mechanical components traditionally found in hydraulic systems. This design freedom not only streamlines manufacturing processes but also improves packaging efficiency, making it easier to accommodate evolving vehicle layouts.

The column-assist EPS systems held a 40% share in 2024 and are projected to grow at a 6.2% CAGR through 2034. Their design, which fits within the steering column, reduces under-hood congestion and allows automakers to reconfigure cabin space efficiently. These systems are evolving to support higher torque demands, making them suitable not just for lighter vehicles but also for full-sized trucks. Their modular structure and efficient motor output make them a cost-effective solution across commercial vehicle classes.

In terms of sales channels, the OEM segment held an 80% share in 2024. This dominance is due to the increasing requirement for vehicles equipped with intelligent and safety-compliant technologies. OEMs benefit from integrating sensor-based EPS systems during production, which improves compatibility with advanced features like braking assistance and autonomous controls. Building EPS into the vehicle from the outset also ensures streamlined certification, reduced per-unit cost, and simpler manufacturing compared to aftermarket installations.

United States Heavy Commercial Vehicle EPS Market was valued at USD 4.3 billion in 2024, holding a 75% share. This leadership position is underpinned by stringent emissions and safety policies, including energy-efficiency mandates and national safety standards. These regulations drive OEMs to adopt EPS over hydraulic systems, which are less efficient and more polluting. EPS supports high-precision control, aiding manufacturers in meeting evolving compliance and sustainability targets.

The top companies shaping the market landscape include Nexteer, Infineon, ZF, Bosch, Thyssenkrupp, JTEKT, and Mando, collectively accounting for nearly 55% of global revenue in 2024. Leading companies in the heavy commercial vehicle EPS market are focusing on platform scalability and product customization to stay competitive. Strategic collaborations between OEMs and Tier 1 suppliers are expanding, allowing early-stage integration of EPS technologies into new vehicle designs. Firms are investing in high-performance motor systems and control units to support future-ready applications like autonomous driving. Many are also strengthening their R&D pipelines to improve torque density, reduce unit weight, and extend EPS durability in harsh environments. Digital simulation tools are being adopted to accelerate testing and reduce time-to-market.

Table of Contents

Chapter 1 Methodology

• 1.1 Market scope and definition
• 1.2 Research design
  • 1.2.1 Research approach
  • 1.2.2 Data collection methods
• 1.3 Data mining sources
  • 1.3.1 Global
  • 1.3.2 Regional/Country
• 1.4 Base estimates and calculations
  • 1.4.1 Base year calculation
  • 1.4.2 Key trends for market estimation
• 1.5 Primary research and validation
  • 1.5.1 Primary sources
• 1.6 Forecast model
• 1.7 Research assumptions and limitations

Chapter 2 Executive Summary

• 2.1 Industry 360⁰ synopsis
• 2.2 Key market trends
  • 2.2.1 Regional
  • 2.2.2 EPS
  • 2.2.3 Vehicle
  • 2.2.4 Sales channel
  • 2.2.5 Component
• 2.3 TAM Analysis, 2025-2034
• 2.4 CXO perspectives: Strategic imperatives
  • 2.4.1 Key decision points for industry executives
  • 2.4.2 Critical success factors for market players
• 2.5 Future Outlook and Strategic Recommendations

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
  • 3.1.1 Supplier Landscape
  • 3.1.2 Profit Margin
  • 3.1.3 Cost structure
  • 3.1.4 Value addition at each stage
  • 3.1.5 Factor affecting the value chain
  • 3.1.6 Disruptions
• 3.2 Industry impact forces
  • 3.2.1 Growth drivers
  • 3.2.2 Industry pitfalls & challenges
  • 3.2.3 Market opportunities
• 3.3 Growth potential analysis
• 3.4 Regulatory landscape
• 3.5 Porter’s analysis
• 3.6 PESTEL analysis
• 3.7 Technology and innovation landscape
  • 3.7.1 Current technological trends
  • 3.7.2 Emerging technologies
• 3.8 Patent analysis
• 3.9 Price trends
  • 3.9.1 By region
  • 3.9.2 By component
• 3.10 Production statistics
  • 3.10.1 Production hubs
  • 3.10.2 Consumption hubs
  • 3.10.3 Export and import
• 3.11 Cost breakdown analysis
• 3.12 Sustainability and environmental aspects
  • 3.12.1 Sustainable practices
  • 3.12.2 Waste reduction strategies
  • 3.12.3 Energy efficiency in production
  • 3.12.4 Eco-friendly initiatives
  • 3.12.5 Carbon footprint considerations

Chapter 4 Competitive Landscape, 2024

• 4.1 Introduction
• 4.2 Company market share analysis
  • 4.2.1 North America
  • 4.2.2 Europe
  • 4.2.3 Asia Pacific
  • 4.2.4 Latin America
  • 4.2.5 Middle East & Africa
• 4.3 Competitive analysis of major market players
• 4.4 Competitive positioning matrix
• 4.5 Strategic outlook matrix
• 4.6 Key developments
  • 4.6.1 Mergers & acquisitions
  • 4.6.2 Partnerships & collaborations
  • 4.6.3 New Product Launches
  • 4.6.4 Expansion Plans and funding

Chapter 5 Market Estimates & Forecast, By EPS, 2021 - 2034 ($Mn, Units)

• 5.1 Key trends
• 5.2 Column assist type
• 5.3 Pinion assist type
• 5.4 Rack assist type
• 5.5 Others

Chapter 6 Market Estimates & Forecast, By Vehicle, 2021 - 2034 ($Mn, Units)

• 6.1 Key trends
• 6.2 Heavy trucks
• 6.3 Buses/coaches
• 6.4 Construction vehicles
• 6.5 Others

Chapter 7 Market Estimates & Forecast, By Sales Channel, 2021 - 2034 ($Mn, Units)

• 7.1 Key trends
• 7.2 OEM
• 7.3 Aftermarket

Chapter 8 Market Estimates & Forecast, By Component, 2021 - 2034 ($Mn, Units)

• 8.1 Key trends
• 8.2 Electronic Control Unit (ECU)
• 8.3 Steering Column
• 8.4 Electric Motor
• 8.5 Sensors
• 8.6 Software and Algorithms
• 8.7 Others

Chapter 9 Market Estimates & Forecast, By Region, 2021 - 2034 ($Mn, Units)

• 9.1 Key trends
• 9.2 North America
  • 9.2.1 U.S.
  • 9.2.2 Canada
• 9.3 Europe
  • 9.3.1 UK
  • 9.3.2 Germany
  • 9.3.3 France
  • 9.3.4 Italy
  • 9.3.5 Spain
  • 9.3.6 Russia
  • 9.3.7 Nordics
• 9.4 Asia Pacific
  • 9.4.1 China
  • 9.4.2 India
  • 9.4.3 Japan
  • 9.4.4 South Korea
  • 9.4.5 ANZ
  • 9.4.6 Southeast Asia
• 9.5 Latin America
  • 9.5.1 Brazil
  • 9.5.2 Mexico
  • 9.5.3 Argentina
• 9.6 MEA
  • 9.6.1 UAE
  • 9.6.2 Saudi Arabia

Chapter 10 Company Profiles

• 10.1 Bosch
• 10.2 Brogen EV Solution
• 10.3 Cascade Drives
• 10.4 Delphi
• 10.5 GKN
• 10.6 Infineon
• 10.7 JTEKT
• 10.8 Knorr-Bremse
• 10.9 Mahle
• 10.10 Mando
• 10.11 Mitsubishi
• 10.12 Nexteer
• 10.13 NXP
• 10.14 Thyssenkrupp
• 10.15 Titan Steering
• 10.16 ZF Friedrichshafen