UK Automotive Eps Market Unlocking Growth Opportunities: Analysis and Forecast 2025-2033

Key Insights

The UK automotive EPS (Electric Power Steering) market, valued at approximately £1.2 billion in 2025, is poised for robust growth, driven by increasing demand for fuel-efficient vehicles and stringent emission regulations. A compound annual growth rate (CAGR) of 10.95% is projected from 2025 to 2033, indicating a significant market expansion. This growth is fueled by the rising adoption of Advanced Driver-Assistance Systems (ADAS) and autonomous driving features, which rely heavily on precise and responsive EPS systems. The passenger car segment dominates the market, but the commercial vehicle segment is expected to witness substantial growth due to increasing adoption in heavy-duty trucks and buses. Furthermore, the replacement market is anticipated to experience considerable growth due to an aging vehicle fleet and increasing repair and maintenance requirements. Key players like JTEKT, Hyundai Mobis, and NSK are actively investing in research and development to enhance EPS technology, focusing on features like improved fuel efficiency, enhanced driver assistance, and haptic feedback. The prevalence of different EPS types – Rack Assist (REPS), Column Assist (CEPS), and Pinion Assist (PEPS) – provides diverse options catering to various vehicle types and performance needs. Competition among major players is intense, resulting in continuous innovation and price optimization, further shaping market dynamics.

The regional focus on the United Kingdom, encompassing England, Wales, Scotland, and Northern Ireland, highlights the significant contribution of this market to the overall European automotive industry. The growth trajectory is expected to be influenced by factors such as government policies promoting electric and hybrid vehicles, technological advancements in EPS systems, and fluctuations in the automotive production cycle. However, potential restraints include supply chain disruptions, the availability of skilled labor, and the impact of economic factors on vehicle sales. Despite these challenges, the long-term outlook for the UK automotive EPS market remains positive, promising considerable opportunities for market participants.

UK Automotive EPS Market Report: 2019-2033

This comprehensive report provides a detailed analysis of the UK Automotive Electric Power Steering (EPS) market, encompassing market dynamics, growth trends, regional performance, product landscape, key players, and future outlook. The report covers the period from 2019 to 2033, with a focus on the forecast period of 2025-2033 and a base year of 2025. This in-depth analysis is crucial for automotive manufacturers, component suppliers, investors, and industry professionals seeking to understand and capitalize on the opportunities within this dynamic market segment. The parent market is the UK Automotive Steering Systems Market and the child market is the UK Automotive EPS Market. The market size is predicted to reach xx Million units by 2033.

UK Automotive EPS Market Market Dynamics & Structure

The UK Automotive EPS market is characterized by moderate concentration, with several key players holding significant market share. Technological innovation, particularly in areas such as advanced driver-assistance systems (ADAS) integration and improved energy efficiency, is a primary growth driver. Stringent regulatory frameworks concerning vehicle safety and emissions further influence market dynamics. Competitive pressures from alternative steering technologies are relatively low, given EPS's established dominance. The end-user demographic is predominantly OEMs, followed by the replacement market, catering to both passenger cars and commercial vehicles. M&A activity has been moderate in recent years, with a few significant deals aimed at expanding product portfolios and geographical reach.

• Market Concentration: Moderately concentrated, with the top 5 players holding approximately xx% market share in 2024.
• Technological Innovation: Focus on improved fuel efficiency, ADAS integration, and enhanced steering feel.
• Regulatory Framework: Stringent safety and emissions regulations drive demand for advanced EPS systems.
• Competitive Substitutes: Limited direct competition, but indirect pressure from alternative technologies.
• End-User Demographics: Predominantly OEMs (xx%), followed by the replacement market (xx%).
• M&A Trends: Moderate activity, focused on strategic acquisitions and expansion into new markets. Approximately xx M&A deals recorded between 2019 and 2024.

UK Automotive EPS Market Growth Trends & Insights

The UK Automotive EPS market experienced steady growth between 2019 and 2024, driven by increasing vehicle production, rising adoption rates in new vehicles, and the growing preference for fuel-efficient technologies. Technological advancements, including the integration of electric and hybrid powertrains, have further fueled market expansion. The shift towards advanced driver-assistance systems (ADAS) and autonomous driving functionalities continues to drive demand for sophisticated EPS systems. Consumer preferences for enhanced comfort, safety, and fuel efficiency also contribute to the market's growth trajectory. The CAGR for the historical period (2019-2024) is estimated at xx%, and the forecast period (2025-2033) is projected to see a CAGR of xx%. Market penetration increased from xx% in 2019 to xx% in 2024.

Dominant Regions, Countries, or Segments in UK Automotive EPS Market

The passenger car segment dominates the UK Automotive EPS market, accounting for approximately xx% of the total market share in 2024. This is driven by high vehicle production volumes and the increasing adoption of EPS in new passenger vehicles. The OEM segment also holds a significant share, representing xx% of the market in 2024, while the replacement market is expected to witness substantial growth in the coming years. Within product types, Rack assist type (REPS) currently holds the largest share, but Pinion assist type (PEPS) is experiencing faster growth due to its suitability for advanced driver assistance systems.

• Key Drivers:
  • High passenger car production volume.
  • Increasing adoption of EPS in new vehicles.
  • Growth in the replacement market.
  • Technological advancements in PEPS.
• Dominance Factors:
  • High demand from passenger car manufacturers.
  • Relatively high price point for EPS in passenger cars.
  • Increasing adoption of advanced driver-assistance systems.

UK Automotive EPS Market Product Landscape

The UK Automotive EPS market showcases a range of products, varying in design, functionality, and technological sophistication. Innovations focus on enhanced steering feel, improved energy efficiency, and seamless integration with ADAS. Key features include variable assist, haptic feedback, and advanced safety functionalities. These advancements cater to diverse vehicle types and applications, meeting stringent safety and performance requirements. The unique selling propositions revolve around enhanced driver experience, improved fuel economy, and the incorporation of advanced safety features. Ongoing advancements are directed towards reduced size, improved durability, and greater integration with connected vehicle technologies.

Key Drivers, Barriers & Challenges in UK Automotive EPS Market

Key Drivers: Rising demand for fuel-efficient vehicles, increasing adoption of ADAS and autonomous driving features, and stringent government regulations promoting vehicle safety are driving the market. The growing preference for enhanced driver comfort and convenience also plays a significant role.

Key Challenges: Supply chain disruptions, particularly concerning semiconductor availability, pose a significant threat. Maintaining competitive pricing in the face of rising material costs and regulatory compliance expenses also presents a challenge. Intense competition among established players and the emergence of new entrants further increase market pressure.

Emerging Opportunities in UK Automotive EPS Market

The market presents significant opportunities for growth. The integration of EPS with advanced driver-assistance systems and autonomous driving technologies is a key area. The increasing demand for electric and hybrid vehicles opens doors for specialized EPS solutions optimized for these powertrains. Exploring new materials and manufacturing processes to reduce costs and improve efficiency is another lucrative avenue. Expansion into the aftermarket segment offers additional opportunities for growth.

Growth Accelerators in the UK Automotive EPS Market Industry

Long-term growth will be fueled by advancements in sensor technology, artificial intelligence (AI)-based systems, and greater integration with vehicle connectivity solutions. Strategic partnerships between EPS manufacturers and automotive companies will accelerate market penetration. The development of sustainable and cost-effective manufacturing processes will further contribute to market expansion. Government incentives and policies promoting electric and autonomous vehicles will play a significant role in driving growth.

Key Players Shaping the UK Automotive EPS Market Market

• JTEKT Corporation
• Hyundai Mobis Co
• Hitachi Automotive Systems
• Infineon Technologies
• NSK Ltd
• GKN PLC
• Mitsubishi Electric Corporation
• Mando Corporation
• Nexteer Automotive
• ATS Automation Tooling Systems Inc
• Delphi Automotive Systems

Notable Milestones in UK Automotive EPS Market Sector

• 2021: Introduction of a new generation of EPS systems with improved energy efficiency by JTEKT.
• 2022: Partnership between Hyundai Mobis and a leading autonomous driving technology company to integrate EPS with autonomous driving systems.
• 2023: Launch of a new EPS system with advanced haptic feedback by NSK.
• 2024: Acquisition of a smaller EPS supplier by GKN PLC, expanding its market share.

In-Depth UK Automotive EPS Market Market Outlook

The UK Automotive EPS market is poised for sustained growth over the forecast period, driven by technological advancements, increasing demand for advanced safety features, and the ongoing transition to electric and autonomous vehicles. The market presents promising opportunities for innovation and strategic partnerships, particularly in areas such as advanced driver-assistance systems (ADAS) and autonomous driving technologies. Companies that can effectively adapt to changing market dynamics and develop innovative, cost-effective solutions are well-positioned for success in this dynamic market.

UK Automotive Eps Market Segmentation

• 1. Vehicle Type
  • 1.1. Passenger Car
  • 1.2. Commercial Vehicle
• 2. Product Type
  • 2.1. By Rack assist type (REPS)
  • 2.2. Colum assist type (CEPS)
  • 2.3. Pinion assist type (PEPS)
• 3. Demand Category
  • 3.1. OEM
  • 3.2. Replacement

UK Automotive Eps Market Segmentation By Geography

• 1. North America
  • 1.1. United States
  • 1.2. Canada
  • 1.3. Mexico
• 2. South America
  • 2.1. Brazil
  • 2.2. Argentina
  • 2.3. Rest of South America
• 3. Europe
  • 3.1. United Kingdom
  • 3.2. Germany
  • 3.3. France
  • 3.4. Italy
  • 3.5. Spain
  • 3.6. Russia
  • 3.7. Benelux
  • 3.8. Nordics
  • 3.9. Rest of Europe
• 4. Middle East & Africa
  • 4.1. Turkey
  • 4.2. Israel
  • 4.3. GCC
  • 4.4. North Africa
  • 4.5. South Africa
  • 4.6. Rest of Middle East & Africa
• 5. Asia Pacific
  • 5.1. China
  • 5.2. India
  • 5.3. Japan
  • 5.4. South Korea
  • 5.5. ASEAN
  • 5.6. Oceania
  • 5.7. Rest of Asia Pacific