Automotive power steering motor market to reach $27.3 billion by 2030

The global automotive power steering motor market is projected to grow from $19.98 billion in 2025 to $21.33 billion in 2026, with further expansion expected through 2030. Demand is being lifted by electric and hybrid vehicle adoption, ADAS growth and the shift toward electric steering systems, with Asia-Pacific leading the market.

Why it matters: - Automotive power steering motors are becoming a core part of the shift away from hydraulic steering and toward lighter, more efficient vehicle systems. - Growth in electric vehicles, hybrid vehicles and advanced driver assistance systems is increasing the need for precise electric steering support. - The market’s projected expansion signals more spending on steering electronics, motors and related vehicle control technologies.

What happened: - The Business Research Company released its Automotive Power Steering Motor Market Global Market Report 2026. - The report estimates the market will rise from $19.98 billion in 2025 to $21.33 billion in 2026. - The report forecasts the market will reach $27.3 billion by 2030. - The report covers market size, trends, regional outlook and forecast data for 2026-2035.

The details: - The 2025-2026 increase reflects a 6.8% CAGR. - The 2026-2030 outlook implies a 6.4% CAGR. - Growth drivers include wider use of electric power steering systems in passenger vehicles, demand for better fuel efficiency, expanding vehicle production in emerging markets, greater focus on driving comfort and control, and more electronic components in steering systems. - Electric power steering motors reduce the effort needed to turn the steering wheel. - These motors work with sensors and electronic control units to adjust steering support based on driving conditions, vehicle speed and driver input. - The system improves maneuverability, driving comfort and fuel efficiency. - Replacing hydraulic parts with electric motors reduces system weight and supports integration with modern vehicle technologies. - The report says future growth will be supported by electric and hybrid vehicles, autonomous driving features, high-efficiency brushless electric motors, lightweight components and broader ADAS deployment. - Key trends include more advanced electric steering motors, compact and lightweight designs, more durable high-performance motors, energy-saving steering assistance and custom solutions for different vehicle platforms. - A free sample of the report is available here. - The full report is available here.

Between the lines: - Electric and hybrid vehicle growth is doing more than changing powertrains. It is also expanding demand for steering systems that draw less energy and fit with electronic vehicle architecture. - The U.S. Department of Energy reported in January 2024 that plug-in electric vehicles represented 9.8% of light-duty vehicle sales in December 2023, up from 7.8% a year earlier. - Plug-in vehicles accounted for at least 8% of monthly sales throughout 2023, after ranging between 5.5% and 7.8% in 2022. - Asia-Pacific held the largest market share in 2025 and is expected to be the fastest-growing region during the forecast period. - Rapid industrialization, a larger automotive manufacturing base and rising demand for electric and hybrid vehicles support Asia-Pacific’s lead. - The report also tracks South East Asia, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa.

What's next: - The market is expected to keep expanding as automakers add more electric and hybrid models and increase use of steering systems that support automation and efficiency. - Demand should rise for compact, lightweight and energy-efficient motors as vehicle platforms become more software-driven and electronically controlled. - Further adoption of ADAS and autonomous-driving features is likely to keep pressure on suppliers to improve steering precision and reliability.

The bottom line: - The steering motor market is moving from a mechanical support component to an essential enabler of electrified, automated vehicles.