Top Automotive Power Steering Motor Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Automotive Power Steering Motor Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Automotive Power Steering Motor industry players.

Automotive Power Steering Motor Market Competitive Landscape

​The global automotive power steering motor industry is witnessing tremendous growth fueled by innovation and strategic plans of major players. Major players like JTEKT Corporation, Robert Bosch GmbH, ZF Friedrichshafen AG, and NSK Ltd. are undertaking efforts to design sophisticated electric power steering (EPS) systems to address the growing need for fuel-saving and driverless cars.​

For instance, JTEKT Corporation has been undertaking research and development to further its EPS products with the aim of enhancing vehicle handling and safety aspects. In a similar manner, Robert Bosch GmbH is growing its product portfolio by combining advanced driver-assistance systems (ADAS) with EPS to offer an enhanced steering solution.

Furthermore, the Asia Pacific market is also becoming a major market with China and India witnessing their higher adoption which is driven by growing vehicle production. These developments represent a competitive environment in this market.

Top Player’s Company Profiles

  • Allied Motion Technologies Inc. (US)
  • BorgWarner Inc. (US)
  • Brose Fahrzeugteile SE and Co. KG (Germany)
  • DENSO Corp. (Japan)
  • General Motors Co. (US)
  • Hitachi Astemo Americas Inc. (US)
  • HL Mando Co. Ltd. (South Korea)
  • Johnson Electric Holdings Ltd. (Hong Kong)
  • JTEKT Corp. (Japan)
  • Komachine Co. (South Korea)
  • Lucas TVS LTD. (India)
  • Mitsubishi Electric Corp. (Japan)
  • Nexteer Automotive Corp. (US)
  • Nidec Corp. (Japan)
  • NSK Ltd. (Japan)
  • Robert Bosch Stiftung GmbH (Germany)

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Global Automotive Power Steering Motor Market size was valued at USD 26.84 Billion in 2024 and is poised to grow from USD 28.58 Billion in 2025 to USD 47.3 Billion by 2033, growing at a CAGR of 6.5% during the forecast period (2026–2033).

​The global automotive power steering motor industry is witnessing tremendous growth fueled by innovation and strategic plans of major players. Major players like JTEKT Corporation, Robert Bosch GmbH, ZF Friedrichshafen AG, and NSK Ltd. are undertaking efforts to design sophisticated electric power steering (EPS) systems to address the growing need for fuel-saving and driverless cars.​ 'Allied Motion Technologies Inc. (US)', 'BorgWarner Inc. (US)', 'Brose Fahrzeugteile SE and Co. KG (Germany)', 'DENSO Corp. (Japan)', 'General Motors Co. (US)', 'Hitachi Astemo Americas Inc. (US)', 'HL Mando Co. Ltd. (South Korea)', 'Johnson Electric Holdings Ltd. (Hong Kong)', 'JTEKT Corp. (Japan)', 'Komachine Co. (South Korea)', 'Lucas TVS LTD. (India)', 'Mitsubishi Electric Corp. (Japan)', 'Nexteer Automotive Corp. (US)', 'Nidec Corp. (Japan)', 'NSK Ltd. (Japan)', 'Robert Bosch Stiftung GmbH (Germany)'

Automotive manufacturers are continuously moving towards electric power steering (EPS) systems that use power steering motors for reducing vehicle weight and enhancing fuel efficiency.It provides lower fuel consumption and less emissions and eliminates the need for engine driven hydraulic pump which was used by traditional hydraulic systems. The shift helps in global sustainability goals and stringed government regulations which target improved fuel economy. Therefore, the demand for compact, energy efficient power steering motors is continuously rising as the manufacturers are meeting these standards and thus, makes them a major component in the Next Generation vehicle platforms.

Asia Pacific holds the largest share in the automotive power steering motor market as it has a strong automotive manufacturing sector and considerable presence of key original equipment manufacturers (OEMs) in In countries which include China, Japan, and South Korea. The rise in the demand for energy efficient vehicles due to the increasing emphasis on reducing carbon emissions and enhancing fuel efficiency is further contributing to the dominance of this region. China is the largest automotive producer and consumer around the world and plays a major role in this market as it focuses on increasing electric vehicle production by following government policies which contributes significantly to the demand for advanced steering systems.

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Global Automotive Power Steering Motor Market
Automotive Power Steering Motor Market

Report ID: SQMIG25C2185

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