Add 2 More Reports For 20% off

Report Overview

The United States electro-hydraulic power steering market value is projected to grow at a CAGR of 6.3% between 2025 and 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

United States Electro Hydraulic Power Steering Market Report Summary Description Value
Base Year USD Million 2023
Historical Period USD Million 2018-2023
Forecast Period USD Million 2024-2032
Market Size 2023 USD Million XX
Market Size 2032 USD Million XX
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 6.3%
CAGR 2024-2032 - Market by Region Southeast 6.2%
CAGR 2024-2032 - Market by Region New England 5.8%
CAGR 2024-2032 - Market by Component Electronic Control Unit (ECU) 7.1%
CAGR 2024-2032 - Market by Vehicle Type Passenger Cars 7.0%
Market Share by Region Plains 9.4%

United States Electro-Hydraulic Power Steering Market Outlook

The increasing weight and complexity of vehicles, specifically heavy-duty trucks and SUVs has made the requirement of steering assistance crucial, resulting in growth of the United States electro-hydraulic power steering market. For instance, larger pick-up trucks like the Ford F-150 depends on hydraulic power steering to increase maneuverability. Regulatory standards aimed at enhancing vehicle safety and performance are also urging automakers to adopt advanced steering technologies, such as hydraulic systems.

In addition, advancements in hydraulic and electro-hydraulic systems are enhancing reliability, which is making them more attractive to automakers. However, a notable trend in the United States electro-hydraulic power steering market is the gradual shift towards electric power steering (EPS), which is easy to operate, offers better fuel efficiency, and reduces maintenance costs. Several key market players like Honda and Toyota are adopting EPS over hydraulic power steering options. Despite these challenges, the market is expected to grow with a high CAGR, due to market’s sustained demand in agricultural machinery applications.

Robust Automotive Industry in Regions like Far West and Rocky Mountain is Driving United States Electro-Hydraulic Power Steering Market Growth

  • In the market from 2024 to 2032, the Far West region is expected to lead with the highest CAGR of 7.3%, driven by the strong automotive industry presence and the adoption of advanced vehicle technologies. 
  • The Rocky Mountain region follows with a CAGR of 6.8%, supported by increasing investments in automotive innovation. 
  • The Southwest, with a CAGR of 6.4%, benefits from the region's growing automotive manufacturing sector. 
  • The Southeast, with a CAGR of 6.2%, shows steady electro-hydraulic power steering demand growth in United States due to the expanding automotive industry in states like Alabama and Tennessee. 
  • New England and the Mideast exhibit moderate growth with CAGRs of 5.8% and 5.4%, respectively, driven by steady demand for advanced steering systems. 
  • The Plains and Great Lakes regions show slower growth with CAGRs of 5.0% and 4.7%, reflecting their more stable automotive markets.
CAGR 2024-2032 - Market by Region
Southeast 6.2%
New England 5.8%
Mideast XX%
Plains XX%
Great Lakes XX%
Southwest XX%
Rocky Mountain 6.8%
Far West 7.3%

Increasing Integration of Advanced Control Systems in Vehicles is One of the Major United States Electro-Hydraulic Power Steering Market Trends

In the market from 2024 to 2032, the electronic control unit (ECU) is expected to experience the highest growth with a CAGR of 7.1%. This growth is driven by the increasing integration of advanced control systems in vehicles to enhance steering precision and safety features. The steering motor, with a CAGR of 6.7%, holds second largest electro-hydraulic power steering market share in United States reflecting its essential role in providing responsive and efficient steering performance. Sensors, growing at a CAGR of 6.4%, are critical for monitoring and adjusting steering dynamics in real-time, supporting the demand for smarter steering systems. The hydraulic pump, with a CAGR of 6.0%, remains a vital component, although its growth is slightly slower due to the shift towards more electronic-based systems. The 'Others' category, with a CAGR of 5.6%, includes various additional components that support the overall functioning of electro-hydraulic power steering systems but exhibit more stable growth.

Passenger Cars Hold a Significant United States Electro-Hydraulic Power Steering Market Share, Followed by LCVs, and HCVs

From 2024 to 2032, the EHPS market is expected to grow at varying rates across different vehicle types. Passenger cars are projected to lead with a CAGR of 7.0%, driven by increasing consumer demand for advanced steering technologies and enhanced driving comfort. This has also increased United States electro-hydraulic power steering market revenue.

Light commercial vehicles (LCVs) follow with a CAGR of 6.6%, as businesses seek more efficient and responsive steering systems. Heavy commercial vehicles (HCVs) exhibit the slowest growth at 5.9%, primarily due to slower technology adoption and higher costs of system upgrades in larger commercial vehicles.

Key Questions Answered in the Report:

  • How has the United States electro-hydraulic power steering market performed historically, and what are the growth expectations for the future? 
  • What are the primary factors influencing demand and growth in the United States electro-hydraulic power steering market? 
  • What are the key segments within the United States electro-hydraulic power steering market, and how are they expected to evolve over the forecast period? 
  • What are the major challenges and opportunities facing stakeholders in the United States electro-hydraulic power steering market? 
  • Who are the key players in the United States electro-hydraulic power steering market, and what strategies are they employing to maintain a competitive edge? 
  • What are the regulatory and policy factors influencing the United States electro-hydraulic power steering market globally or regionally? 
  • How competitive is the United States electro-hydraulic power steering market according to Porter's five forces analysis, including factors like bargaining power of buyers and suppliers? 
  • What are the current trends shaping the United States electro-hydraulic power steering market landscape, and how are they expected to evolve in the future? 
  • How are technological advancements impacting the United States electro-hydraulic power steering market, and what role do innovation and R&D play in driving growth? 
  • What are the consumer preferences and buying behavior trends influencing the United States electro-hydraulic power steering market? 
  • How sustainable are current growth rates in the United States electro-hydraulic power steering market, and what factors could potentially disrupt these trends? 
  • What are the regional dynamics within the United States electro-hydraulic power steering market, and how do they contribute to overall market growth? 
  • What are the economic factors influencing the United States electro-hydraulic power steering market, such as GDP growth, inflation rates, and currency fluctuations? 
  • How are demographic shifts, such as aging populations or urbanization trends, affecting demand in the United States electro-hydraulic power steering market? 
  • What are the key strategic partnerships, mergers, and acquisitions shaping the competitive landscape of the United States electro-hydraulic power steering market? 
  • What are the regulatory and legal frameworks impacting the United States electro-hydraulic power steering market globally or in key regions? 
  • How are changing consumer lifestyles and preferences influencing product or service demand within the United States electro-hydraulic power steering market? 
  • What are the emerging market trends and niche opportunities within the United States electro-hydraulic power steering market that stakeholders should be aware of? 
  • How resilient is the United States electro-hydraulic power steering market to external shocks or disruptions, such as geopolitical tensions or natural disasters? 
  • What are the potential barriers to market entry and growth for new players in the United States electro-hydraulic power steering market?

Key Benefits for Stakeholders:

Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the United States electro-hydraulic power steering market spanning from 2018 to 2032.

The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the United States electro-hydraulic power steering market. 

Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the United States electro-hydraulic power steering market. 

The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares. 

Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the United States electro-hydraulic power steering market landscape.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

Looking for specific insights?

Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Component
  • Vehicle Type
  • Region
Breakup by Component
  • Hydraulic Pump
  • Steering Motor
  • Sensors
  • Electronic Control Unit (ECU)
  • Others
Breakup by Vehicle Type
  • Passenger Cars
  • Light Commercial Vehicles (LCVs)
  • Heavy Commercial Vehicles (HCVs)
Breakup by Region
  • New England
  • Mideast
  • Great Lakes
  • Plains
  • Southeast
  • Southwest
  • Rocky Mountain
  • Far West
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • ZF Friedrichshafen AG
  • Robert Bosch GmbH
  • JTEKT Corporation
  • Mando Corporation
  • NSK Ltd.
  • Hyundai Mobis Co., Ltd.
  • Others

Purchase Full Report

Datasheet

 

USD 2,199

USD 1,999

tax inclusive*

  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

One User

USD 3,299

USD 2,999

tax inclusive*

  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

Five Users

USD 4,399

USD 3,999

tax inclusive*

  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

Unlimited Users

USD 5,499

USD 4,999

tax inclusive*

  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

How To Order

Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.

Select License Type

Choose the right license for your needs and access rights.

Click on ‘Buy Now’

Add the report to your cart with one click and proceed to register.

Select Mode of Payment

Choose a payment option for a secure checkout. You will be redirected accordingly.

Strategic Solutions for Informed Decision-Making

Connect For More Information

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.

Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.

We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.

We’re here to help answer any questions about our products and services.

Contact us

Our Offices


Australia

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

India

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

Philippines

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.

+63-287-899-028, +63-967-048-3306

United Kingdom

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

United States (Head Office)

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

Vietnam

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124