The North America automotive electric power steering market is estimated to grow with a 3.18% CAGR by 2030, and is expected to be valued at $6810.89 million during the forecasted period, 2022-2030.

Many countries in the region invest heavily in the research and development of innovative technologies. The presence of leading companies also drives the market growth in North America. Further, the growing adoption of electric vehicles and startups in the United States and Canada are boosting the sales of automotive electric-powered steering.

To know more about this report, request a free sample copy

The North America automotive electric power steering market growth assessment entails the evaluation of the United States and Canada. As of 2021, the total value of the car and automobile manufacturing market in the United States is $82.6 billion. The country ranks as the 2nd largest manufacturer of automobile vehicles after China. Also, major automotive companies have manufacturing bases across the country.

Additionally, some leading electric power steering markets have a huge presence in the United States. The country is also home to electric vehicles that are expected to run by electric power steering. Thus, the adoption of EVs will likely rise in the coming years. Overall, a strong automobile manufacturing sector and high investments in automotive technologies are the major drivers of the automotive EPS market growth.

The North America automotive electric power steering market segmentation includes the mechanism, component, and vehicle type. Market by mechanism covers rack assist, pinion assist, column type, and other mechanisms.

The motor for column electric power steering (C-EPS) directly drives the steering shaft and is positioned at the steering column. The inexpensive price and the ease of construction are some of the advantages of column steerings. In addition, the cost of production could be further reduced because the motor is protected from water and severe temperatures by being housed inside the dashboard. Due to increased mechanical friction by the motor’s direct connection to the steering column, column EPS is known for having a numb feeling. Therefore, column EPS is usually reserved for cheap small cars.

On the other hand, rack-assisted EPS can steer full-size trucks to mid-sized vehicles. Steering rack housing is integrated with System electronics and is designed to withstand environmental exposure and high temperatures in the engine compartment. Also, rack-assisted EPS unitized motor controllers are easily fitted to different vehicle platforms, saving space in the engine compartments. They increase performance integrity and reduce assembly costs compared to remote electronic control systems.

Parallel axis EPS is comparatively more expensive than the other types of EPS but is more precise and powerful. These EPS systems are widely used in large, premium, and luxury cars to emphasize dynamics. The electric motor is connected parallel to the steering rack. It transmits power to the steering rack via a step-down gearbox and a toothed belt.

Some major players in the North America automotive electric power steering market include Robert Bosch GmbH, Nexteer Automotive Group, ZF Group, etc.

Nexteer Automotive Group Ltd is an automotive components manufacturer. The company manufactures, supplies, and designs driveline & steering systems and components for the global automotive manufacturing industry. Its product portfolio includes intermediate shafts, steering columns, advanced driver assistance systems, automated driving technologies, hydraulic power steering, and electric power steering. It has a presence across various geographical regions, including China, the United Kingdom, the United States, Singapore, France,  Germany, Japan, Australia, India, Italy, Mexico, Poland, South Korea, and Brazil. Nexteer is headquartered in Michigan, United States.

Nexteer Automotive’s column-assist EPS integrates the assist mechanism into the system electronics, that is, sensor, motor, and controller, with the steering column.

Report Synopsis

To request a free sample copy of this report, please complete the form below:

We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.