The global Electric Power Steering Motor for New Energy Vehicles market size is expected to reach $ 957 million by 2032, rising at a market growth of 3.1% CAGR during the forecast period (2026-2032).
An electric power steering (EPS) motor for new energy vehicles is a key actuator in the EPS system that converts electrical energy into mechanical torque to assist vehicle steering. Controlled by the Electronic Control Unit (ECU), it adjusts torque output in real time based on vehicle speed, steering angle, and driver input to achieve lightweight, precise, and intelligent steering performance. These motors are typically based on BLDC or PMSM technologies and are widely used in BEVs and PHEVs, representing a critical component of electrified chassis systems in new energy vehicles. In 2025, global sales of electric power steering motors for new energy vehicles are projected to reach 26.1 million units, with an average selling price of $29 per unit and an industry gross margin range of 15% to 40%. The electric power steering (EPS) motor for new energy vehicles industry chain consists of upstream materials, midstream manufacturing, and downstream automotive applications. Upstream includes rare-earth permanent magnets (NdFeB), silicon steel sheets, copper, and bearings, which directly influence motor efficiency and power density. Midstream covers motor design, winding, rotor-stator assembly, and system integration, where key players include Nidec, Bosch, Mitsuba, and Chinese manufacturers such as DARE Auto. Downstream applications are dominated by OEMs producing BEVs and PHEVs. With the rise of intelligent vehicles, EPS motors are increasingly integrated with ADAS, steer-by-wire, and domain control systems, driving the industry toward higher integration and electrification.
This report studies the global Electric Power Steering Motor for New Energy Vehicles production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Electric Power Steering Motor for New Energy Vehicles and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Electric Power Steering Motor for New Energy Vehicles that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Electric Power Steering Motor for New Energy Vehicles total production and demand, 2021-2032, (K Units)
Global Electric Power Steering Motor for New Energy Vehicles total production value, 2021-2032, (USD Million)
Global Electric Power Steering Motor for New Energy Vehicles production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (K Units), (based on production site)
Global Electric Power Steering Motor for New Energy Vehicles consumption by region & country, CAGR, 2021-2032 & (K Units)
U.S. VS China: Electric Power Steering Motor for New Energy Vehicles domestic production, consumption, key domestic manufacturers and share
Global Electric Power Steering Motor for New Energy Vehicles production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (K Units)
Global Electric Power Steering Motor for New Energy Vehicles production by Type, production, value, CAGR, 2021-2032, (USD Million) & (K Units)
Global Electric Power Steering Motor for New Energy Vehicles production by Application, production, value, CAGR, 2021-2032, (USD Million) & (K Units)
This report profiles key players in the global Electric Power Steering Motor for New Energy Vehicles market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Nidec, ZF, JTEKT, Bosch, NSK, Mitsubishi Electric, Denso, Mando, Mitsuba, Nexteer, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Electric Power Steering Motor for New Energy Vehicles market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (K Units) and average price (US$/Unit) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Electric Power Steering Motor for New Energy Vehicles Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Electric Power Steering Motor for New Energy Vehicles Market, Segmentation by Type:
Brushed DC Motor
BLDC Motor
PMSM
Global Electric Power Steering Motor for New Energy Vehicles Market, Segmentation by EPS Structure:
C-EPS
P-EPS
R-EPS
Others
Global Electric Power Steering Motor for New Energy Vehicles Market, Segmentation by Power:
Low Power (<300W)
Medium Power (300–600W)
High Power (>600W)
Global Electric Power Steering Motor for New Energy Vehicles Market, Segmentation by Application:
BEV
PHEV
HEV
Companies Profiled:
Nidec
ZF
JTEKT
Bosch
NSK
Mitsubishi Electric
Denso
Mando
Mitsuba
Nexteer
DARE Auto
Key Questions Answered:
1. How big is the global Electric Power Steering Motor for New Energy Vehicles market?
2. What is the demand of the global Electric Power Steering Motor for New Energy Vehicles market?
3. What is the year over year growth of the global Electric Power Steering Motor for New Energy Vehicles market?
4. What is the production and production value of the global Electric Power Steering Motor for New Energy Vehicles market?
5. Who are the key producers in the global Electric Power Steering Motor for New Energy Vehicles market?
6. What are the growth factors driving the market demand?

1 Supply Summary
1.1 Electric Power Steering Motor for New Energy Vehicles Introduction
1.2 World Electric Power Steering Motor for New Energy Vehicles Supply & Forecast
1.2.1 World Electric Power Steering Motor for New Energy Vehicles Production Value (2021 & 2025 & 2032)
1.2.2 World Electric Power Steering Motor for New Energy Vehicles Production (2021-2032)
1.2.3 World Electric Power Steering Motor for New Energy Vehicles Pricing Trends (2021-2032)
1.3 World Electric Power Steering Motor for New Energy Vehicles Production by Region (Based on Production Site)
1.3.1 World Electric Power Steering Motor for New Energy Vehicles Production Value by Region (2021-2032)
1.3.2 World Electric Power Steering Motor for New Energy Vehicles Production by Region (2021-2032)
1.3.3 World Electric Power Steering Motor for New Energy Vehicles Average Price by Region (2021-2032)
1.3.4 North America Electric Power Steering Motor for New Energy Vehicles Production (2021-2032)
1.3.5 Europe Electric Power Steering Motor for New Energy Vehicles Production (2021-2032)
1.3.6 China Electric Power Steering Motor for New Energy Vehicles Production (2021-2032)
1.3.7 Japan Electric Power Steering Motor for New Energy Vehicles Production (2021-2032)
1.3.8 South Korea Electric Power Steering Motor for New Energy Vehicles Production (2021-2032)
1.3.9 India Electric Power Steering Motor for New Energy Vehicles Production (2021-2032)
1.3.10 Mexico Electric Power Steering Motor for New Energy Vehicles Production (2021-2032)
1.4 Market Drivers, Restraints and Trends
1.4.1 Electric Power Steering Motor for New Energy Vehicles Market Drivers
1.4.2 Factors Affecting Demand
1.4.3 Electric Power Steering Motor for New Energy Vehicles Major Market Trends
2 Demand Summary
2.1 World Electric Power Steering Motor for New Energy Vehicles Demand (2021-2032)
2.2 World Electric Power Steering Motor for New Energy Vehicles Consumption by Region
2.2.1 World Electric Power Steering Motor for New Energy Vehicles Consumption by Region (2021-2026)
2.2.2 World Electric Power Steering Motor for New Energy Vehicles Consumption Forecast by Region (2027-2032)
2.3 United States Electric Power Steering Motor for New Energy Vehicles Consumption (2021-2032)
2.4 China Electric Power Steering Motor for New Energy Vehicles Consumption (2021-2032)
2.5 Europe Electric Power Steering Motor for New Energy Vehicles Consumption (2021-2032)
2.6 Japan Electric Power Steering Motor for New Energy Vehicles Consumption (2021-2032)
2.7 South Korea Electric Power Steering Motor for New Energy Vehicles Consumption (2021-2032)
2.8 ASEAN Electric Power Steering Motor for New Energy Vehicles Consumption (2021-2032)
2.9 India Electric Power Steering Motor for New Energy Vehicles Consumption (2021-2032)
3 World Manufacturers Competitive Analysis
3.1 World Electric Power Steering Motor for New Energy Vehicles Production Value by Manufacturer (2021-2026)
3.2 World Electric Power Steering Motor for New Energy Vehicles Production by Manufacturer (2021-2026)
3.3 World Electric Power Steering Motor for New Energy Vehicles Average Price by Manufacturer (2021-2026)
3.4 Electric Power Steering Motor for New Energy Vehicles Company Evaluation Quadrant
3.5 Industry Rank and Concentration Rate (CR)
3.5.1 Global Electric Power Steering Motor for New Energy Vehicles Industry Rank of Major Manufacturers
3.5.2 Global Concentration Ratios (CR4) for Electric Power Steering Motor for New Energy Vehicles in 2025
3.5.3 Global Concentration Ratios (CR8) for Electric Power Steering Motor for New Energy Vehicles in 2025
3.6 Electric Power Steering Motor for New Energy Vehicles Market: Overall Company Footprint Analysis
3.6.1 Electric Power Steering Motor for New Energy Vehicles Market: Region Footprint
3.6.2 Electric Power Steering Motor for New Energy Vehicles Market: Company Product Type Footprint
3.6.3 Electric Power Steering Motor for New Energy Vehicles Market: Company Product Application Footprint
3.7 Competitive Environment
3.7.1 Historical Structure of the Industry
3.7.2 Barriers of Market Entry
3.7.3 Factors of Competition
3.8 New Entrant and Capacity Expansion Plans
3.9 Mergers, Acquisition, Agreements, and Collaborations
4 United States VS China VS Rest of the World
4.1 United States VS China: Electric Power Steering Motor for New Energy Vehicles Production Value Comparison
4.1.1 United States VS China: Electric Power Steering Motor for New Energy Vehicles Production Value Comparison (2021 & 2025 & 2032)
4.1.2 United States VS China: Electric Power Steering Motor for New Energy Vehicles Production Value Market Share Comparison (2021 & 2025 & 2032)
4.2 United States VS China: Electric Power Steering Motor for New Energy Vehicles Production Comparison
4.2.1 United States VS China: Electric Power Steering Motor for New Energy Vehicles Production Comparison (2021 & 2025 & 2032)
4.2.2 United States VS China: Electric Power Steering Motor for New Energy Vehicles Production Market Share Comparison (2021 & 2025 & 2032)
4.3 United States VS China: Electric Power Steering Motor for New Energy Vehicles Consumption Comparison
4.3.1 United States VS China: Electric Power Steering Motor for New Energy Vehicles Consumption Comparison (2021 & 2025 & 2032)
4.3.2 United States VS China: Electric Power Steering Motor for New Energy Vehicles Consumption Market Share Comparison (2021 & 2025 & 2032)
4.4 United States Based Electric Power Steering Motor for New Energy Vehicles Manufacturers and Market Share, 2021-2026
4.4.1 United States Based Electric Power Steering Motor for New Energy Vehicles Manufacturers, Headquarters and Production Site (States, Country)
4.4.2 United States Based Manufacturers Electric Power Steering Motor for New Energy Vehicles Production Value (2021-2026)
4.4.3 United States Based Manufacturers Electric Power Steering Motor for New Energy Vehicles Production (2021-2026)
4.5 China Based Electric Power Steering Motor for New Energy Vehicles Manufacturers and Market Share
4.5.1 China Based Electric Power Steering Motor for New Energy Vehicles Manufacturers, Headquarters and Production Site (Province, Country)
4.5.2 China Based Manufacturers Electric Power Steering Motor for New Energy Vehicles Production Value (2021-2026)
4.5.3 China Based Manufacturers Electric Power Steering Motor for New Energy Vehicles Production (2021-2026)
4.6 Rest of World Based Electric Power Steering Motor for New Energy Vehicles Manufacturers and Market Share, 2021-2026
4.6.1 Rest of World Based Electric Power Steering Motor for New Energy Vehicles Manufacturers, Headquarters and Production Site (State, Country)
4.6.2 Rest of World Based Manufacturers Electric Power Steering Motor for New Energy Vehicles Production Value (2021-2026)
4.6.3 Rest of World Based Manufacturers Electric Power Steering Motor for New Energy Vehicles Production (2021-2026)
5 Market Analysis by Type
5.1 World Electric Power Steering Motor for New Energy Vehicles Market Size Overview by Type: 2021 VS 2025 VS 2032
5.2 Segment Introduction by Type
5.2.1 Brushed DC Motor
5.2.2 BLDC Motor
5.2.3 PMSM
5.3 Market Segment by Type
5.3.1 World Electric Power Steering Motor for New Energy Vehicles Production by Type (2021-2032)
5.3.2 World Electric Power Steering Motor for New Energy Vehicles Production Value by Type (2021-2032)
5.3.3 World Electric Power Steering Motor for New Energy Vehicles Average Price by Type (2021-2032)
6 Market Analysis by EPS Structure
6.1 World Electric Power Steering Motor for New Energy Vehicles Market Size Overview by EPS Structure: 2021 VS 2025 VS 2032
6.2 Segment Introduction by EPS Structure
6.2.1 C-EPS
6.2.2 P-EPS
6.2.3 R-EPS
6.2.4 Others
6.3 Market Segment by EPS Structure
6.3.1 World Electric Power Steering Motor for New Energy Vehicles Production by EPS Structure (2021-2032)
6.3.2 World Electric Power Steering Motor for New Energy Vehicles Production Value by EPS Structure (2021-2032)
6.3.3 World Electric Power Steering Motor for New Energy Vehicles Average Price by EPS Structure (2021-2032)
7 Market Analysis by Power
7.1 World Electric Power Steering Motor for New Energy Vehicles Market Size Overview by Power: 2021 VS 2025 VS 2032
7.2 Segment Introduction by Power
7.2.1 Low Power (<300W)
7.2.2 Medium Power (300–600W)
7.2.3 High Power (>600W)
7.3 Market Segment by Power
7.3.1 World Electric Power Steering Motor for New Energy Vehicles Production by Power (2021-2032)
7.3.2 World Electric Power Steering Motor for New Energy Vehicles Production Value by Power (2021-2032)
7.3.3 World Electric Power Steering Motor for New Energy Vehicles Average Price by Power (2021-2032)
8 Market Analysis by Application
8.1 World Electric Power Steering Motor for New Energy Vehicles Market Size Overview by Application: 2021 VS 2025 VS 2032
8.2 Segment Introduction by Application
8.2.1 BEV
8.2.2 PHEV
8.2.3 HEV
8.3 Market Segment by Application
8.3.1 World Electric Power Steering Motor for New Energy Vehicles Production by Application (2021-2032)
8.3.2 World Electric Power Steering Motor for New Energy Vehicles Production Value by Application (2021-2032)
8.3.3 World Electric Power Steering Motor for New Energy Vehicles Average Price by Application (2021-2032)
9 Company Profiles
9.1 Nidec
9.1.1 Nidec Details
9.1.2 Nidec Major Business
9.1.3 Nidec Electric Power Steering Motor for New Energy Vehicles Product and Services
9.1.4 Nidec Electric Power Steering Motor for New Energy Vehicles Production, Price, Value, Gross Margin and Market Share (2021-2026)
9.1.5 Nidec Recent Developments/Updates
9.1.6 Nidec Competitive Strengths & Weaknesses
9.2 ZF
9.2.1 ZF Details
9.2.2 ZF Major Business
9.2.3 ZF Electric Power Steering Motor for New Energy Vehicles Product and Services
9.2.4 ZF Electric Power Steering Motor for New Energy Vehicles Production, Price, Value, Gross Margin and Market Share (2021-2026)
9.2.5 ZF Recent Developments/Updates
9.2.6 ZF Competitive Strengths & Weaknesses
9.3 JTEKT
9.3.1 JTEKT Details
9.3.2 JTEKT Major Business
9.3.3 JTEKT Electric Power Steering Motor for New Energy Vehicles Product and Services
9.3.4 JTEKT Electric Power Steering Motor for New Energy Vehicles Production, Price, Value, Gross Margin and Market Share (2021-2026)
9.3.5 JTEKT Recent Developments/Updates
9.3.6 JTEKT Competitive Strengths & Weaknesses
9.4 Bosch
9.4.1 Bosch Details
9.4.2 Bosch Major Business
9.4.3 Bosch Electric Power Steering Motor for New Energy Vehicles Product and Services
9.4.4 Bosch Electric Power Steering Motor for New Energy Vehicles Production, Price, Value, Gross Margin and Market Share (2021-2026)
9.4.5 Bosch Recent Developments/Updates
9.4.6 Bosch Competitive Strengths & Weaknesses
9.5 NSK
9.5.1 NSK Details
9.5.2 NSK Major Business
9.5.3 NSK Electric Power Steering Motor for New Energy Vehicles Product and Services
9.5.4 NSK Electric Power Steering Motor for New Energy Vehicles Production, Price, Value, Gross Margin and Market Share (2021-2026)
9.5.5 NSK Recent Developments/Updates
9.5.6 NSK Competitive Strengths & Weaknesses
9.6 Mitsubishi Electric
9.6.1 Mitsubishi Electric Details
9.6.2 Mitsubishi Electric Major Business
9.6.3 Mitsubishi Electric Electric Power Steering Motor for New Energy Vehicles Product and Services
9.6.4 Mitsubishi Electric Electric Power Steering Motor for New Energy Vehicles Production, Price, Value, Gross Margin and Market Share (2021-2026)
9.6.5 Mitsubishi Electric Recent Developments/Updates
9.6.6 Mitsubishi Electric Competitive Strengths & Weaknesses
9.7 Denso
9.7.1 Denso Details
9.7.2 Denso Major Business
9.7.3 Denso Electric Power Steering Motor for New Energy Vehicles Product and Services
9.7.4 Denso Electric Power Steering Motor for New Energy Vehicles Production, Price, Value, Gross Margin and Market Share (2021-2026)
9.7.5 Denso Recent Developments/Updates
9.7.6 Denso Competitive Strengths & Weaknesses
9.8 Mando
9.8.1 Mando Details
9.8.2 Mando Major Business
9.8.3 Mando Electric Power Steering Motor for New Energy Vehicles Product and Services
9.8.4 Mando Electric Power Steering Motor for New Energy Vehicles Production, Price, Value, Gross Margin and Market Share (2021-2026)
9.8.5 Mando Recent Developments/Updates
9.8.6 Mando Competitive Strengths & Weaknesses
9.9 Mitsuba
9.9.1 Mitsuba Details
9.9.2 Mitsuba Major Business
9.9.3 Mitsuba Electric Power Steering Motor for New Energy Vehicles Product and Services
9.9.4 Mitsuba Electric Power Steering Motor for New Energy Vehicles Production, Price, Value, Gross Margin and Market Share (2021-2026)
9.9.5 Mitsuba Recent Developments/Updates
9.9.6 Mitsuba Competitive Strengths & Weaknesses
9.10 Nexteer
9.10.1 Nexteer Details
9.10.2 Nexteer Major Business
9.10.3 Nexteer Electric Power Steering Motor for New Energy Vehicles Product and Services
9.10.4 Nexteer Electric Power Steering Motor for New Energy Vehicles Production, Price, Value, Gross Margin and Market Share (2021-2026)
9.10.5 Nexteer Recent Developments/Updates
9.10.6 Nexteer Competitive Strengths & Weaknesses
9.11 DARE Auto
9.11.1 DARE Auto Details
9.11.2 DARE Auto Major Business
9.11.3 DARE Auto Electric Power Steering Motor for New Energy Vehicles Product and Services
9.11.4 DARE Auto Electric Power Steering Motor for New Energy Vehicles Production, Price, Value, Gross Margin and Market Share (2021-2026)
9.11.5 DARE Auto Recent Developments/Updates
9.11.6 DARE Auto Competitive Strengths & Weaknesses
10 Industry Chain Analysis
10.1 Electric Power Steering Motor for New Energy Vehicles Industry Chain
10.2 Electric Power Steering Motor for New Energy Vehicles Upstream Analysis
10.2.1 Electric Power Steering Motor for New Energy Vehicles Core Raw Materials
10.2.2 Main Manufacturers of Electric Power Steering Motor for New Energy Vehicles Core Raw Materials
10.3 Midstream Analysis
10.4 Downstream Analysis
10.5 Electric Power Steering Motor for New Energy Vehicles Production Mode
10.6 Electric Power Steering Motor for New Energy Vehicles Procurement Model
10.7 Electric Power Steering Motor for New Energy Vehicles Industry Sales Model and Sales Channels
10.7.1 Electric Power Steering Motor for New Energy Vehicles Sales Model
10.7.2 Electric Power Steering Motor for New Energy Vehicles Typical Distributors
11 Research Findings and Conclusion
12 Appendix
12.1 Methodology
12.2 Research Process and Data Source
12.3 Disclaimer