The global Electric Power Steering Motors Market is projected to reach USD 6.1 billion in 2026 and increase to USD 13.7 billion by 2036, registering a compound annual growth rate (CAGR) of 8.5% during the forecast period, according to Fact.MR.

Electric power steering motors are becoming increasingly important as automotive platforms transition toward electronically controlled steering architectures. Unlike hydraulic systems, electric power steering systems can provide steering assistance through electric motors while supporting vehicle electronics, efficiency objectives, and advanced driver-assistance functions.

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The increasing integration of electronic controls, automated driving features, and connected vehicle technologies is creating additional opportunities for electric power steering motor suppliers.

Why Is the Electric Power Steering Motors Market Growing?

Several factors are supporting market expansion:

Increasing adoption of electric power steering systems.
Growing vehicle electrification.
Rising integration of electronic vehicle controls.
Expansion of advanced driver-assistance technologies.
Increasing demand for efficient steering systems.
Growing use of electronically controlled automotive architectures.

Electric power steering enables manufacturers to replace conventional hydraulic assistance with electrically controlled steering support. This architecture can reduce dependence on continuously driven hydraulic components and provide greater flexibility for integration with vehicle electronics.

As vehicle platforms become increasingly software- and electronics-driven, steering systems are also evolving to support broader electronic vehicle architectures.

Key Market Numbers

According to Fact.MR:

Market value in 2026: USD 6.1 billion
Forecast market value by 2036: USD 13.7 billion
Forecast period: 2026–2036
CAGR: 8.5%

Market Overview

The Electric Power Steering Motors Market is developing alongside the broader transition toward electronically controlled automotive systems.

Electric power steering motors provide the mechanical assistance required by EPS systems while enabling electronic control of steering support. The technology is used across modern passenger and commercial vehicle platforms.

The growth of vehicle electrification and advanced driver-assistance systems is increasing the importance of electronically controlled steering. Steering systems are also becoming more closely connected with vehicle control architectures, creating opportunities for motor manufacturers and automotive component suppliers.

Growth Opportunities for Electric Steering Motor Manufacturers

Market participants can capitalize on the expanding opportunity through several strategies:

Developing compact and high-efficiency steering motors.
Improving motor durability and reliability.
Supporting advanced driver-assistance system integration.
Developing motors for electric and hybrid vehicles.
Improving electronic control compatibility.
Expanding partnerships with automotive OEMs.
Developing scalable motor platforms for different vehicle architectures.

Manufacturers capable of delivering efficient, compact, reliable, and electronically compatible steering motors are positioned to benefit as automakers expand EPS adoption.

Market Segmentation

By Vehicle Type:
Demand can arise across passenger cars, commercial vehicles, electric vehicles, hybrid vehicles, and other modern vehicle platforms.

By Steering System:
Applications include electric power steering architectures such as column-assist, pinion-assist, and rack-assist configurations.

By Motor Type:
The market includes electric motor technologies designed to provide steering assistance according to vehicle architecture and performance requirements.

By Application:
Electric steering motors support steering assistance, vehicle-control integration, and advanced electronically controlled steering functions.

By Region:
Market development is influenced by vehicle production, electrification rates, adoption of advanced driver-assistance technologies, automotive electronics investment, and OEM sourcing strategies.

Competitive Landscape

The Electric Power Steering Motors Market is becoming increasingly competitive as automotive component manufacturers, electric motor suppliers, steering-system companies, and vehicle OEMs develop increasingly efficient and electronically integrated steering solutions.

Market participants are focusing on:

Developing compact and high-efficiency EPS motors.
Improving motor durability and reliability.
Supporting electric and hybrid vehicle platforms.
Enhancing compatibility with advanced driver-assistance systems.
Improving electronic control and steering response.
Developing scalable motor platforms for multiple vehicle architectures.
Strengthening partnerships with automotive OEMs.

Competition is increasingly influenced by motor efficiency, compact design, durability, electronic integration, steering performance, manufacturing scalability, and cost competitiveness. Suppliers capable of delivering reliable motors for increasingly electrified and electronically controlled vehicle platforms are positioned to benefit from continued EPS adoption.

Read Full Research Report on Electric Power Steering Motors Market

Frequently Asked Questions

What is the size of the Electric Power Steering Motors Market in 2026?

According to Fact.MR, demand for electric power steering motors is estimated to reach USD 6.1 billion in 2026.

What will the market be worth by 2036?

The Electric Power Steering Motors Market is projected to reach USD 13.7 billion by 2036.

What is the expected growth rate of the market?

The market is forecast to expand at an 8.5% CAGR during the forecast period.

What is driving demand for electric power steering motors?

Growth is supported by increasing adoption of electric power steering, vehicle electrification, electronic vehicle controls, advanced driver-assistance technologies, and demand for efficient steering systems.

Why are automakers adopting electric power steering?

Electric power steering enables electronically controlled steering assistance and can integrate more effectively with modern vehicle electronics. It also supports the evolving architecture of electrified and software-defined vehicles.

How does vehicle electrification affect EPS motor demand?

As electric and hybrid vehicles expand, steering systems increasingly need to integrate with electronically controlled vehicle architectures. This creates opportunities for electric power steering motors and related components.

About Fact.MR

Fact.MR is a global market research and consulting company providing market intelligence, industry forecasts, competitive benchmarking, and strategic insights across automotive, electric mobility, vehicle electronics, steering systems, industrial technology, healthcare, consumer, and other major sectors. Its research helps manufacturers, suppliers, investors, and business leaders identify emerging opportunities and make informed strategic decisions.