The global automotive power steering motor market is forecasted to grow by USD 668.2 mn during 2024-2029, accelerating at a CAGR of 6.5% during the forecast period. The report on the global automotive power steering motor market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in demand from emerging apac countries, developments in automotive power steering motor market, growing suvs in automotive industry.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
| Market Scope |
| Base Year | 2025 |
| End Year | 2029 |
| Series Year | 2025-2029 |
| Growth Momentum | Accelerate |
| YOY 2025 | 6.1% |
| CAGR | 6.5% |
| Incremental Value | $668.2 mn |
Technavio's global automotive power steering motor market is segmented as below:
By Application
By Type
- Electric power steering (EPS)
- Electro-hydraulic power steering (EHPS)
By Product Type
Geography
- APAC
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Europe
- Germany
- UK
- France
- Italy
- The Netherlands
- Spain
- North America
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- Rest of World (ROW)
This study identifies the continuous advances in automotive steering technology as one of the prime reasons driving the global automotive power steering motor market growth during the next few years. Also, increasing penetration of steer-by-wire technology and increase in merger and acquisition activities in market will lead to sizable demand in the market.
The report on the global automotive power steering motor market covers the following areas:
- Global automotive power steering motor market sizing
- Global automotive power steering motor market forecast
- Global automotive power steering motor market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading global automotive power steering motor market vendors that include Allied Motion Technologies Inc., BorgWarner Inc., Brose Fahrzeugteile SE and Co. KG, DENSO Corp., General Motors Co., Hitachi Astemo Americas Inc., HL Mando Co. Ltd., Johnson Electric Holdings Ltd., JTEKT Corp., Lucas TVS LTD., Mitsubishi Electric Corp., Nexteer Automotive Corp., Nidec Corp., NSK Ltd., Robert Bosch Stiftung GmbH, thyssenkrupp AG, ZF Friedrichshafen AG. Also, the global automotive power steering motor market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Product Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- 2.3 Factors of disruption
- 2.4 Impact of drivers and challenges
3 Market Landscape
- 3.1 Market ecosystem
- 3.2 Market characteristics
- 3.3 Value chain analysis
4 Market Sizing
- 4.1 Market definition
- 4.2 Market segment analysis
- 4.3 Market size 2024
- 4.4 Market outlook: Forecast for 2024-2029
5 Historic Market Size
- 5.1 Global Automotive Power Steering Motor Market 2019 - 2023
- Historic Market Size - Data Table on Global Automotive Power Steering Motor Market 2019 - 2023 ($ million)
- 5.2 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ million)
- 5.3 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ million)
- 5.4 Product Type segment analysis 2019 - 2023
- Historic Market Size - Product Type Segment 2019 - 2023 ($ million)
- 5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ million)
- 5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
- 6.1 Impact of AI on the global automotive power steering motor market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
8 Market Segmentation by Application
- 8.1 Market segments
- 8.2 Comparison by Application
- 8.3 PC - Market size and forecast 2024-2029
- 8.4 CV - Market size and forecast 2024-2029
- 8.5 Market opportunity by Application
- Market opportunity by Application ($ million)
9 Market Segmentation by Type
- 9.1 Market segments
- 9.2 Comparison by Type
- 9.3 Electric power steering (EPS) - Market size and forecast 2024-2029
- 9.4 Electro-hydraulic power steering (EHPS) - Market size and forecast 2024-2029
- 9.5 Market opportunity by Type
- Market opportunity by Type ($ million)
10 Market Segmentation by Product Type
- 10.1 Market segments
- 10.2 Comparison by Product Type
- 10.3 12V - Market size and forecast 2024-2029
- 10.4 48V - Market size and forecast 2024-2029
- 10.5 24V - Market size and forecast 2024-2029
- 10.6 Market opportunity by Product Type
- Market opportunity by Product Type ($ million)
11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12.1 Geographic segmentation
- 12.2 Geographic comparison
- 12.3 APAC - Market size and forecast 2024-2029
- 12.3.1 China - Market size and forecast 2024-2029
- 12.3.2 Japan - Market size and forecast 2024-2029
- 12.3.3 India - Market size and forecast 2024-2029
- 12.3.4 South Korea - Market size and forecast 2024-2029
- 12.3.5 Australia - Market size and forecast 2024-2029
- 12.3.6 Indonesia - Market size and forecast 2024-2029
- 12.4 Europe - Market size and forecast 2024-2029
- 12.4.1 Germany - Market size and forecast 2024-2029
- 12.4.2 UK - Market size and forecast 2024-2029
- 12.4.3 France - Market size and forecast 2024-2029
- 12.4.4 Italy - Market size and forecast 2024-2029
- 12.4.5 The Netherlands - Market size and forecast 2024-2029
- 12.4.6 Spain - Market size and forecast 2024-2029
- 12.5 North America - Market size and forecast 2024-2029
- 12.5.1 US - Market size and forecast 2024-2029
- 12.5.2 Canada - Market size and forecast 2024-2029
- 12.5.3 Mexico - Market size and forecast 2024-2029
- 12.6 South America - Market size and forecast 2024-2029
- 12.6.1 Brazil - Market size and forecast 2024-2029
- 12.6.2 Argentina - Market size and forecast 2024-2029
- 12.6.3 Colombia - Market size and forecast 2024-2029
- 12.7 Middle East and Africa - Market size and forecast 2024-2029
- 12.7.1 Saudi Arabia - Market size and forecast 2024-2029
- 12.7.2 UAE - Market size and forecast 2024-2029
- 12.7.3 South Africa - Market size and forecast 2024-2029
- 12.7.4 Israel - Market size and forecast 2024-2029
- 12.7.5 Turkey - Market size and forecast 2024-2029
- 12.8 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
13 Drivers, Challenges, and Opportunity
- 13.1 Market drivers
- Rise in demand from emerging APAC countries
- Developments in automotive power steering motor market
- Growing SUVs in automotive industry
- 13.2 Market challenges
- Balancing design complications with functional safety requirements for optimal operation
- Instability in automotive industry
- Increasing cost pressure from demand side
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 13.4 Market opportunities
- Continuous advances in automotive steering technology
- Increasing penetration of steer-by-wire technology
- Increase in merger and acquisition activities in market
14 Competitive Landscape
- 14.1 Overview
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15.1 Companies profiled
- 15.2 Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 Allied Motion Technologies Inc.
- Allied Motion Technologies Inc. - Overview
- Allied Motion Technologies Inc. - Product / Service
- Allied Motion Technologies Inc. - Key offerings
- SWOT
- 15.5 BorgWarner Inc.
- BorgWarner Inc. - Overview
- BorgWarner Inc. - Business segments
- BorgWarner Inc. - Key news
- BorgWarner Inc. - Key offerings
- BorgWarner Inc. - Segment focus
- SWOT
- 15.6 Brose Fahrzeugteile SE and Co. KG
- Brose Fahrzeugteile SE and Co. KG - Overview
- Brose Fahrzeugteile SE and Co. KG - Product / Service
- Brose Fahrzeugteile SE and Co. KG - Key offerings
- SWOT
- 15.7 DENSO Corp.
- DENSO Corp. - Overview
- DENSO Corp. - Business segments
- DENSO Corp. - Key news
- DENSO Corp. - Key offerings
- DENSO Corp. - Segment focus
- SWOT
- 15.8 General Motors Co.
- General Motors Co. - Overview
- General Motors Co. - Business segments
- General Motors Co. - Key news
- General Motors Co. - Key offerings
- General Motors Co. - Segment focus
- SWOT
- 15.9 Hitachi Astemo Americas Inc.
- Hitachi Astemo Americas Inc. - Overview
- Hitachi Astemo Americas Inc. - Product / Service
- Hitachi Astemo Americas Inc. - Key offerings
- SWOT
- 15.10 HL Mando Co. Ltd.
- HL Mando Co. Ltd. - Overview
- HL Mando Co. Ltd. - Product / Service
- HL Mando Co. Ltd. - Key news
- HL Mando Co. Ltd. - Key offerings
- SWOT
- 15.11 Johnson Electric Holdings Ltd.
- Johnson Electric Holdings Ltd. - Overview
- Johnson Electric Holdings Ltd. - Business segments
- Johnson Electric Holdings Ltd. - Key news
- Johnson Electric Holdings Ltd. - Key offerings
- Johnson Electric Holdings Ltd. - Segment focus
- SWOT
- 15.12 JTEKT Corp.
- JTEKT Corp. - Overview
- JTEKT Corp. - Business segments
- JTEKT Corp. - Key news
- JTEKT Corp. - Key offerings
- JTEKT Corp. - Segment focus
- SWOT
- 15.13 Mitsubishi Electric Corp.
- Mitsubishi Electric Corp. - Overview
- Mitsubishi Electric Corp. - Business segments
- Mitsubishi Electric Corp. - Key offerings
- Mitsubishi Electric Corp. - Segment focus
- SWOT
- 15.14 Nexteer Automotive Corp.
- Nexteer Automotive Corp. - Overview
- Nexteer Automotive Corp. - Business segments
- Nexteer Automotive Corp. - Key offerings
- Nexteer Automotive Corp. - Segment focus
- SWOT
- 15.15 NSK Ltd.
- NSK Ltd. - Overview
- NSK Ltd. - Product / Service
- NSK Ltd. - Key news
- NSK Ltd. - Key offerings
- SWOT
- 15.16 Robert Bosch Stiftung GmbH
- Robert Bosch Stiftung GmbH - Overview
- Robert Bosch Stiftung GmbH - Product / Service
- Robert Bosch Stiftung GmbH - Key offerings
- SWOT
- 15.17 thyssenkrupp AG
- thyssenkrupp AG - Overview
- thyssenkrupp AG - Business segments
- thyssenkrupp AG - Key news
- thyssenkrupp AG - Key offerings
- thyssenkrupp AG - Segment focus
- SWOT
- 15.18 ZF Friedrichshafen AG
- ZF Friedrichshafen AG - Overview
- ZF Friedrichshafen AG - Business segments
- ZF Friedrichshafen AG - Key news
- ZF Friedrichshafen AG - Key offerings
- ZF Friedrichshafen AG - Segment focus
- SWOT
16 Appendix
- 16.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- 16.5 Data procurement
- 16.6 Data validation
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.8 Data synthesis
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations