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The United States electro-hydraulic power steering market value is projected to grow at a CAGR of 6.3% between 2025 and 2034.
Base Year
Historical Year
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% |
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.
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% |
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.
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.
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.*
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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:
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Breakup by Component |
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Breakup by Vehicle Type |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
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
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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