North America Electro Hydraulic Power Steering Market

North America Electro Hydraulic Power Steering Market Overview:

The North America electro hydraulic power steering market size reached USD 7.59 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 14.18 Billion by 2033, exhibiting a growth rate (CAGR) of 7.20% during 2025-2033. The North America electro-hydraulic power steering market share is growing owing to the shift towards electric and hybrid vehicles, combined with the rise of shared mobility services. These systems offer enhanced efficiency, performance, and reduced maintenance, aligning with evolving user and operational needs.

North America Electro Hydraulic Power Steering Market Trends:

Growing Automotive Production and Sales

North America has some big auto companies working to improve performance, safety and comfort of vehicles. Electro-hydraulic power steering (EHPS) systems are gaining popularity in mid-segment and luxury vehicles due to their light weight, better control and smooth feel. As vehicle production increases and moves towards advanced steering technologies, manufacturers are choosing EHPS to meet individual’s demand for better driving experience as well as regulatory requirements. Growing vehicle sales especially electric and hybrid vehicles is increasing the market size of EHPS systems. According to Toyota Motor North America (TMNA) data in 2025, through the end of 2024 US sales was 2,332,623 vehicles, 3.1% DSR and 3.7% volume growth from 2023. In 2024, it sold 883,426 electric vehicles, a record and 56.1% growth, 44.5% of total volume sales.

Increasing Adoption of Shared Mobility and Fleet Vehicles

Uber in 2023, planned to introduce its peer-to-peer automobile-sharing service in North America, beginning with Toronto and Boston. Uber Carshare, the service, enabled individuals to rent cars for an hour or a day, depending on prices set by vehicle owners. Demand is increasing for EHPS systems due to the popularity of shared mobility modes, including automobile-sharing and ride-hailing. EHPS is a good option for mobility service providers and fleet operators since it is easy to maintain, efficient, and reliable. Such systems not only enhance the driving experience but also minimize the maintenance cycle as opposed to traditional hydraulic systems. As demand for shared mobility services rises, fleet operators are increasingly going for vehicles that feature EHPS in order to maximize operational efficiency, minimize downtime, and reduce maintenance costs. This transition is likely to expand the market for EHPS in North America, especially in urban areas where shared mobility services are gaining popularity.

Rising Demand for Electric and Hybrid Vehicles

The increasing production of hybrid vehicles (HEVs) and electric vehicles (EVs) in North America due to environmental awareness and government incentives are driving the market growth. EHPS systems are more suitable for electric drivetrains than traditional hydraulic systems, which rely on engine power. This makes EHPS an ideal choice for EVs, where energy efficiency is a critical factor. As the auto market propels EV and HEV platforms with an aim to reduce emissions and follow government directives, automakers are adopting EHPS to bolster EV and HEV platforms. For example, Honda in 2025 had outlined plans for mass-producing a sub-$30,000 electric vehicle (EV) in North America by 2026. Honda's "Honda 0 Series" has introduced the new model, and the vehicle will be produced locally at Ohio. The rising manufacturing and sales of EVs, expansion in charging infrastructure, and government incentives are driving the need for EHPS systems, best adapted to the special requirements of electric mobility.

North America Electro Hydraulic Power Steering Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on type, component, and vehicle type.

Type Insights:

• Column Type
• Pinion Type
• Dual Pinion Type

The report has provided a detailed breakup and analysis of the market based on the type. This includes column type, pinion type, and dual pinion type.

Component Insights:

• Steering Motor
• Sensors
• Others

The report has provided a detailed breakup and analysis of the market based on the component. This includes steering motor, sensors, and others.

Vehicle Type Insights:

• Passenger Vehicles
• Commercial Vehicles

A detailed breakup and analysis of the market based on the vehicle type have also been provided in the report. This includes passenger vehicles and commercial vehicles.

Country Insights:

• United States
• Canada

The report has also provided a comprehensive analysis of all the major regional markets, which include United States and Canada.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

North America Electro Hydraulic Power Steering Market Report Coverage:

Key Questions Answered in This Report:

• How has the North America electro hydraulic power steering market performed so far and how will it perform in the coming years?
• What is the breakup of the North America electro hydraulic power steering market on the basis of type?
• What is the breakup of the North America electro hydraulic power steering market on the basis of component?
• What is the breakup of the North America electro hydraulic power steering market on the basis of vehicle type?
• What is the breakup of the North America electro hydraulic power steering market on the basis of country?
• What are the various stages in the value chain of the North America electro hydraulic power steering market? 
• What are the key driving factors and challenges in the North America electro hydraulic power steering market?
• What is the structure of the North America electro hydraulic power steering market and who are the key players?
• What is the degree of competition in the North America electro hydraulic power steering market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the North America electro hydraulic power steering market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the North America electro hydraulic power steering market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the North America electro hydraulic power steering industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.