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Electrohydraulic Power Steering Market

Electrohydraulic Power Steering Market

The market for Electrohydraulic Power Steering was estimated at $18.3 billion in 2024; it is anticipated to increase to $27.9 billion by 2030, with projections indicating growth to around $39.7 billion by 2035.

Report ID:DS2001099
Author:Swarup Sahu - Senior Consultant
Published Date:February 2025
Datatree
Automotive & Transportation
Automotive & Mobility
Electrohydraulic Power Steering
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Report Summary
Table of Contents
Methodology
Market Data

Global Electrohydraulic Power Steering Market Outlook

Revenue, 2024

$18.3B

Forecast, 2034

$37.0B

CAGR, 2024 - 2034

7.3%
The Electrohydraulic Power Steering industry revenue is expected to be around $19.6 billion in 2025 and expected to showcase growth with 7.3% CAGR between 2025 and 2034. The changing landscape of the electrohydraulic power steering market mirrors its increasing importance and the key factors driving its expansion forward. The significant influences such as emission regulations and concerns about fuel efficiency have played a crucial role in shaping the market direction. Additionally the rising popularity of driver assistance systems (ADAS) and self driving cars has highlighted electrohydraulic power steering as a prominent feature in the automotive sector enforcing its continuous significance. At the juncture of advancements and adherence to regulations the presence of electrohydraulic power steering becomes inevitable and essential, with the passage of time.

Electrohydraulic power steering is a technology merging the advantages of hydraulic and electric steering systems to offer drivers better fuel economy and precise control while reducing emissions significantly. This unique blend of features has led to its use in heavy duty vehicles as well as sports cars and off road vehicles across various automotive sectors. Furthermore the growing shift towards driving and the emphasis, on improved vehicle safety have fueled the increasing popularity of electrohydraulic power steering technology.

Electrohydraulic Power Steering market outlook with forecast trends, drivers, opportunities, supply chain, and competition 2024-2034

Market Key Insights

  • The Electrohydraulic Power Steering market is projected to grow from $18.3 billion in 2024 to $37.0 billion in 2034. This represents a CAGR of 7.3%, reflecting rising demand across Automotive Vehicles, Commercial Heavy-Duty Vehicles and Agricultural Equipment.
  • Bosch Limited, JTEKT Corporation, ZF Friedrichshafen AG lead the market as major players who determine its competitive dynamics.
  • U.S. and Germany are the top markets within the Electrohydraulic Power Steering market and are expected to observe the growth CAGR of 4.7% to 7.0% between 2024 and 2030.
  • Emerging markets including India, South Korea and Turkey are expected to observe highest growth with CAGR ranging between 8.4% to 10.1%.
  • The Electrohydraulic Power Steering market will receive a $2.8 billion boost from New Efficiency Standards until 2030.
  • The Electrohydraulic Power Steering market is set to add $18.7 billion between 2024 and 2034, with manufacturer targeting Control Module & Sensors System Components projected to gain a larger market share.
  • With Enhanced fuel efficiency, and Automated systems integration, Electrohydraulic Power Steering market to expand 102% between 2024 and 2034.
electrohydraulic power steering market size with pie charts of major and emerging country share, CAGR, trends for 2025 and 2032

Opportunities in the Electrohydraulic Power Steering

Another way for growth is the progress in technology where state of the art electrohydraulic power steering systems can be adjusted based on each drivers habits and different road conditions. A feature highly valued by car makers and resulting in increased requests, for it.

Growth Opportunities in North America and Asia-Pacific

North America Outlook

North America is home to known car makers and plays a crucial role in introducing electrohydraulic power steering technology. The region is at the forefront of innovation and the use of steering systems like electrohydraulic power steering is becoming more popular in commercial settings. A key factor shaping the market is the government regulations promoting eco friendly automotive technologies such, as electrohydraulic steering systems. The market competition is strong as major players vigorously compete for market dominance and continuously strive to discover opportunities, in the field of electrohydraulic power steering.

Asia-Pacific Outlook

The Asia Pacific region is mainly influenced by automotive centers like China and Japan and South Korea and presents significant opportunities for the electrohydraulic power steering market to expand further. Market growth in this region is driven by an automobile industry spurred on by rising disposable incomes and urbanization trends. The rapid growth of the electric vehicle sector also shows a demand for advanced steering technologies suggesting a bright future, for electrohydraulic steering systems in this market segment. Several Asian car manufacturers are now prioritizing cutting edge steering technologies. This has led to increased competition in the market for electrohydraulic power steering systems, with investments and innovative strategies coming into play.

Market Dynamics and Supply Chain

01

Driver: Enhanced Fuel Efficiency, and Increasing Adoption in Heavy Vehicles

In the world of progressions the electrohydraulic power steering system stands out for its contribution to lower fuel usage. Unlike hydraulic power steering systems this new technology uses an electric motor to pressurize hydraulic fluid thus easing the strain on the engine and boosting fuel economy. Advancements in technology have also refined these systems more expanding their use, in eco friendly cars. In the world of vehicles such as trucks and buses and construction equipment like bulldozers and excavators there is also a noticeable shift towards using electrohydraulic power steering systems more often. These systems make it easier to steer vehicles smoothly especially when they are also carrying heavy loads. As safety and efficiency become more important for operators the desire for this technology, in the heavy vehicle industry continues to grow.
As the automotive industry delves deeper into the realm of automation electrohydraulic power steering systems are also now being considered for incorporation. Incorporating this technology enables the automation of steering tasks. Paves the way for the advancement of self driving and autonomous vehicles. The advanced technology of electrohydraulic systems is also in line, with the aim of the automotive sector to create intelligent and self sufficient vehicles.
02

Restraint: High Implementation Cost

The main issue in the electrohydraulic power steering sector is the setup cost compared to conventional hydraulic systems; however electrohydraulic power steering systems provide better efficiency and operational flexibility for vehicles. This difference presents a hurdle for market acceptance especially in markets sensitive, to prices and luxury vehicle categories prioritizing price over performance. The increased expenses of these systems may push users towards cheaper options ultimately affecting market trends and consumer demand significantly.
03

Opportunity: Expanding Automotive sector and Strategic collaborations

Continuous advancements in the sector are creating new opportunities for the electrohydraulic power steering market to thrive as vehicles become smarter and more autonomous. The increasing trend towards self driving cars is driving a growing demand for sophisticated steering solutions such, as electrohydraulic power steering. This cutting edge technology not only promotes seamless vehicle performance but also minimizes driver fatigue and improves fuel efficiency. Qualities highly sought after in modern car designs.
Meaninful partnerships between companies producing electrohydraulic power steering systems and leading players in the industry have the potential to drive considerable progress forward. Such collaborations could lead to a variety of advantages for both parties. From making strides, in research and development to creating made steering solutions optimized for individual customer requirements.
04

Challenge: Complex Installation Process

The expansion of the electrohydraulic power steering market faces an obstacle due to the intricate nature of the installation process involved in these systems setup and calibration in vehicles for optimal performance and safety measures may demand a significant level of technical know how and specialized tools, for accurate configuration—resulting in extended installation durations and raised labor expenses—an aspect potentially dissuading prospective users and thereby influencing market progression adversely.

Supply Chain Landscape

1
Raw Material Suppliers

ABB

Rio Tinto Group

2
Component Manufacturers

Thyssenkrupp

Nexteer

3
System Builders

Bosch Rexroth

Eaton Corporation

4
End User Industry

General Motors

BMW

*The illustration highlights the key stakeholders within the supply chain ecosystem.

Applications of Electrohydraulic Power Steering in Automotive Vehicles, Commercial Heavy-Duty Vehicles & Agricultural Equipment

Automotive Vehicles

In the sector electrohydraulic power steering systems are commonly used to improve driving performance and help achieve emission reduction goals. These systems are mainly installed in cars and small commercial vehicles where precise controls crucial. Leading companies in this field such, as Bosch and ZF specialize in providing solutions focusedon improving fuel efficiency, comfort and safety.

Commercial Heavy-Duty Vehicles

Commercial vehicles like trucks and buses mostly rely on electrohydraulic power steering systems due to their size and weight requirements for operation under tough conditions while maintaining fuel efficiency standards. The key players in this sector, like Eaton and Danfoss offer durable and dependable power steering solutions to enhance effectiveness.

Agricultural Equipment

Electrohydraulic power steering is widely used in farming equipment such as tractors and harvesters due to the need for agile steering systems to navigate tough terrains effectively. Major companies like Parker Hannifin and JTEKT Corporation utilize this technology to improve efficiency and longevity in their products solidifying their standing, in the market.

Recent Developments

December 2024

Bosch Mobility Systems introduced a technology featuring electrohydraulic power steering systems designed to boost fuel efficiency through adaptability.

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October 2024

ZF Friedrichshafen unveiled an electrohydraulic power steering system packed with cutting edge technology aimed at enhancing vehicle control and safety during operation.

July 2024

Nexteer Automotive introduced its cutting edge steering technology by combining electrohydraulic power steering features, with driving capabilities.

The electrohydraulic power steering industry has seen progress lately and is now considered a popular sector in the automotive field due to advancements, in technology integration and improved energy efficiency and control features shaping its future landscape.

Impact of Industry Transitions on the Electrohydraulic Power Steering Market

As a core segment of the Automotive & Mobility industry, the Electrohydraulic Power Steering market develops in line with broader industry shifts. Over recent years, transitions such as New Efficiency Standards and Autonomous Vehicle Advancements have redefined priorities across the Automotive & Mobility sector, influencing how the Electrohydraulic Power Steering market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.
01

New Efficiency Standards

In years the worldwide automotive sector has experienced a notable change towards promoting energy efficiency and reducing carbon emissions. As part of this shift in focus on sustainability the adoption of electrohydraulic power steering systems has become increasingly important. These systems are known for their fuel efficiency when compared to conventional setups resulting in a significant increase in their usage. The incorporation of electrohydraulic power steering technologies has had an impact, on production methods resulting in the creation of lighter and more fuel efficient vehicles. Manufacturers are dedicating resources to enhance these systems with research efforts pointing towards a significant uptrend, in the electrohydraulic power steering markets growth trajectory. This industry transition is expected to add $2.8 billion in the industry revenue between 2024 and 2030.
02

Autonomous Vehicle Advancements

The rise of self driving cars has emphasized the importance of steering mechanisms in vehicles significantly. Electrohydraulic power steering is a technology for ensuring precise vehicle handling and its becoming increasingly essential in this new era of autonomous driving technology. The integration of this system into self driving vehicles is spurring innovation as engineers work to improve these systems for steering control increased agility and ultimately safer navigation for autonomous vehicles. These advancements show a growing importance and potential growth, in the electrohydraulic power steering market in the years.

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