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Automotive Steering System Market Size, Share and Forecast 2026-2036

The global automotive steering system market is worth USD 42.8 bn in 2026 and is forecast to reach USD 69.8 bn by 2036, growing at a 5.0% CAGR. China is the largest country market and Column-assist EPS is the largest by type segment.

USD 42.8 bnMarket size 2026
USD 69.8 bnForecast 2036
5.0%CAGR 2026-2036
ChinaLargest country

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5 segmentation views25 countries2026 to 2036 yearly forecast

Market overview

The global automotive steering system market is worth USD 42.8 bn in 2026 and is forecast to reach USD 69.8 bn by 2036, growing at a 5.0% CAGR. China is the largest country market and Column-assist EPS is the largest by type segment.

ScopeAutomotive steering systems: electric power steering, hydraulic and electro-hydraulic units, columns, racks and steer-by-wire for passenger and commercial vehicles.
IndustryAutomotive
Value 2025USD 41.0 bn
Value 2026USD 42.8 bn
Value 2036USD 69.8 bn
CAGR 2026-20365.0%
Volume 202698.8 million units
Volume 2036153 million units
Average price 2026USD 434 per unit
Report priceStarts from USD 1,999
PublishedNovember 2026

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Automotive Steering System market size and forecast, 2026-2036

Exhibit 1The global automotive steering system market is forecast to grow from USD 42.8 bn in 2026 to USD 69.8 bn by 2036, a rise of 63%Global market value in USD: 2025 base year, 2026 estimate and forecast to 2036. CAGR 2026 to 2036: 5.0%
Automotive Steering System market value, 2025 to 2036Market value by year. 2025: USD 41.0 bn; 2026: USD 42.8 bn; 2027: USD 45.0 bn; 2028: USD 47.2 bn; 2029: USD 49.6 bn; 2030: USD 52.1 bn; 2031: USD 54.7 bn; 2032: USD 57.4 bn; 2033: USD 60.3 bn; 2034: USD 63.3 bn; 2035: USD 66.5 bn; 2036: USD 69.8 bn. Compound annual growth rate 2026 to 2036: 5.0%.202542.8 bn202654.7 bn203169.8 bn20365.0% CAGR

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

YearMarket value
2026USD 42.8 bn
2027USD 45.0 bn
2028USD 47.2 bn
2029USD 49.6 bn
2030USD 52.1 bn
2031USD 54.7 bn
2032USD 57.4 bn
2033USD 60.3 bn
2034USD 63.3 bn
2035USD 66.5 bn
2036USD 69.8 bn

Automotive Steering System market segmentation

By type

Exhibit 2Column-assist EPS is the largest segment by type, with 34.0% of 2026 revenueEstimated share of 2026 global revenue, by type
Automotive Steering System market share by type, 2026Share of 2026 revenue by type. Column-assist EPS: 34.0%; Rack-assist EPS: 30.0%; Steering columns and shafts: 16.0%; Hydraulic and electro-hydraulic: 14.0%; Steer-by-wire: 6.0%.Column-assist EPS34.0%Rack-assist EPS30.0%Steering columns and shafts16.0%Hydraulic and electro-hydraulic14.0%Steer-by-wire6.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Column-assist EPS34.0%23.3%USD 14.6 bn1.1%
Rack-assist EPS30.0%28.7%USD 12.9 bn4.5%
Hydraulic and electro-hydraulic14.0%7.5%USD 6.0 bn-1.4%
Steering columns and shafts16.0%12.1%USD 6.9 bn2.1%
Steer-by-wire6.0%28.5%USD 2.6 bn22.7%

By vehicle

Exhibit 3Passenger cars adds the most revenue by vehicle, growing from USD 30.8 bn in 2026 to USD 49.0 bn by 2036Estimated revenue in USD by vehicle, 2026 and 2036 forecast
Automotive Steering System market by vehicle, 2026 and 2036Revenue by vehicle in 2026 and 2036. Passenger cars: USD 30.8 bn in 2026, USD 49.0 bn in 2036, change +59%; Light commercial vehicles: USD 6.9 bn in 2026, USD 11.4 bn in 2036, change +66%; Heavy commercial vehicles: USD 5.1 bn in 2026, USD 9.4 bn in 2036, change +83%.20262036 forecastChangePassenger cars+59%30.8 bn49.0 bnLight commercial vehicles+66%6.9 bn11.4 bnHeavy commercial vehicles+83%5.1 bn9.4 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Passenger cars72.0%70.2%USD 30.8 bn4.7%
Light commercial vehicles16.0%16.4%USD 6.9 bn5.2%
Heavy commercial vehicles12.0%13.5%USD 5.1 bn6.2%

By powertrain

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Internal combustion60.0%36.0%USD 25.7 bn-0.2%
Hybrid18.0%23.0%USD 7.7 bn7.6%
Battery electric22.0%41.0%USD 9.4 bn11.7%

By sales channel

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Original equipment86.0%84.0%USD 36.8 bn4.8%
Independent aftermarket10.0%11.0%USD 4.3 bn6.0%
Dealer service4.0%5.0%USD 1.7 bn7.4%

By ADAS capability

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Conventional EPS48.0%26.0%USD 20.6 bn-1.2%
ADAS-ready EPS39.0%44.0%USD 16.7 bn6.3%
Redundant EPS for Level 3 and above13.0%30.0%USD 5.6 bn14.2%

Top 25 countries for automotive steering system by revenue

Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 76.0% of 2026 revenue and the 25 countries below together hold 93.3%.

Exhibit 4China is the largest country market at USD 11.6 bn in 2026, and the three largest countries hold 50.0% of global revenueEstimated 2026 revenue in USD and share of the global market, ten largest countries
Automotive Steering System market, ten largest countries in 2026Ten largest countries by 2026 revenue. China: USD 11.6 bn, 27.0%; United States: USD 7.3 bn, 17.0%; Germany: USD 2.6 bn, 6.0%; Japan: USD 2.6 bn, 6.0%; India: USD 2.1 bn, 5.0%; South Korea: USD 1.5 bn, 3.5%; Italy: USD 1.3 bn, 3.0%; France: USD 1.3 bn, 3.0%; United Kingdom: USD 1.3 bn, 3.0%; Brazil: USD 1.1 bn, 2.5%.China11.6 bn 27.0%United States7.3 bn 17.0%Germany2.6 bn 6.0%Japan2.6 bn 6.0%India2.1 bn 5.0%South Korea1.5 bn 3.5%Italy1.3 bn 3.0%France1.3 bn 3.0%United Kingdom1.3 bn 3.0%Brazil1.1 bn 2.5%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

#CountryValue 2026Share 2026Value 2036CAGR 2026-36
1ChinaUSD 11.6 bn27.0%USD 18.6 bn4.8%
2United StatesUSD 7.3 bn17.0%USD 11.7 bn4.9%
3GermanyUSD 2.6 bn6.0%USD 3.8 bn3.9%
4JapanUSD 2.6 bn6.0%USD 3.6 bn3.3%
5IndiaUSD 2.1 bn5.0%USD 4.8 bn8.4%
6South KoreaUSD 1.5 bn3.5%USD 2.4 bn4.7%
7ItalyUSD 1.3 bn3.0%USD 1.9 bn3.9%
8FranceUSD 1.3 bn3.0%USD 1.9 bn3.9%
9United KingdomUSD 1.3 bn3.0%USD 2.0 bn4.3%
10BrazilUSD 1.1 bn2.5%USD 2.0 bn6.2%
11SpainUSD 1.1 bn2.5%USD 1.6 bn4.0%
12MexicoUSD 1.1 bn2.5%USD 2.0 bn6.5%
13CanadaUSD 1.1 bn2.5%USD 1.6 bn4.0%
14RussiaUSD 870 mn2.0%USD 1.3 bn4.0%
15TurkeyUSD 703 mn1.6%USD 1.3 bn6.5%
16ThailandUSD 570 mn1.3%USD 1.1 bn6.5%
17IndonesiaUSD 458 mn1.1%USD 865 mn6.6%
18PolandUSD 373 mn0.9%USD 698 mn6.5%
19Czech RepublicUSD 300 mn0.7%USD 565 mn6.5%
20ArgentinaUSD 244 mn0.6%USD 461 mn6.5%
21AustraliaUSD 197 mn0.5%USD 370 mn6.5%
22South AfricaUSD 159 mn0.4%USD 300 mn6.6%
23IranUSD 129 mn0.3%USD 244 mn6.6%
24RomaniaUSD 103 mn0.2%USD 195 mn6.6%
25SlovakiaUSD 86 mn0.2%USD 161 mn6.5%
Rest of worldUSD 2.9 bn6.7%USD 4.6 bn4.7%
Exhibit 5China and United States account for 42% of the USD 26.9 bn the market is forecast to add by 2036Forecast revenue added between 2026 and 2036 by country, in USD
Automotive Steering System market, where the growth to 2036 comes fromRevenue added between 2026 and 2036. Market value 2026: USD 42.8 bn. China: +USD 7.0 bn; United States: +USD 4.4 bn; India: +USD 2.7 bn; Germany: +USD 1.2 bn; Japan: +USD 989 mn; 20 other countries: +USD 9.0 bn; Rest of world: +USD 1.7 bn. Market value 2036: USD 69.8 bn.Market value 202642.8 bnChina+7.0 bnUnited States+4.4 bnIndia+2.7 bnGermany+1.2 bnJapan+989 mn20 other countries+9.0 bnRest of world+1.7 bnMarket value 203669.8 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

Competitive landscape

Group 1: Global leaders

  • ZF
  • JTEKT
  • Nexteer
  • NSK
  • Hyundai Mobis
  • thyssenkrupp Automotive Technology

Group 2: Regional and specialist players

  • HL Mando
  • Hitachi Astemo
  • Nidec
  • Schaeffler
  • Bosch

Group 3: Emerging and niche players

  • Sona Comstar
  • Hubei Henglong

Research methodology

Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the automotive steering system market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.

The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 5.0% is calculated from the resulting values.

The market is divided by type, by vehicle, by powertrain, by sales channel, by adas capability. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.

Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.

Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.

Read the full research methodology

Frequently asked questions

How big is the automotive steering system market?

The global automotive steering system market is estimated at USD 41.0 bn in 2025 and USD 42.8 bn in 2026.

How fast will the automotive steering system market grow?

It is forecast to reach USD 69.8 bn by 2036, a compound annual growth rate of 5.0% from 2026, an increase of USD 26.9 bn.

Which country is the largest market for automotive steering system?

China is the largest market by revenue at USD 11.6 bn in 2026, 27.0% of the global total. The three largest countries together hold 50.0%.

Which country is growing fastest?

Among the ten largest markets, India is growing fastest at 8.4% a year from 2026 to 2036.

Which automotive steering system segment is largest?

In the by type split, Column-assist EPS is the largest segment with 34.0% of 2026 revenue.

Who are the leading automotive steering system companies?

Global leaders include ZF, JTEKT, Nexteer, NSK.

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