Market Forecast Report on the EPS Electric Power Steering System Industry: Development Environment, Comprehensive Overview and Competitive Landscape

Key nodes in the industrial chain:

According to data from the China Association of Automobile Manufacturers (CAAM), from January to July 2025, China’s automobile production stood at 18.235 million units, representing a year-on-year increase of 12.7 per cent; automobile sales totalled 18.269 million units, up 12.0 per cent year-on-year. As consumer demands for vehicle comfort, fuel efficiency and handling continue to rise, EPS systems are gradually becoming the preferred choice for automotive manufacturers due to their advantages in these areas. In the new energy vehicle sector in particular, the adoption rate of EPS systems is climbing steadily. The rapid development of new energy vehicles has brought new opportunities to the EPS industry; as EPS systems align closely with the electrification and intelligent features of these vehicles, their adoption rate in the new energy vehicle sector continues to rise.

Industry Opportunities:

The Chinese EPS (Electric Power Steering) industry faces numerous development opportunities. Firstly, the rapid growth of the new energy vehicle (NEV) sector has created new opportunities for the EPS industry; as EPS systems are highly compatible with the electrification and intelligent features of NEVs, their adoption rate in these vehicles is steadily increasing. Secondly, consumers’ ever-increasing demands for vehicle comfort, fuel efficiency and handling have driven technological innovation and product upgrades in EPS systems. Furthermore, the continuous technological progress and accelerated market expansion of domestic enterprises are gradually enhancing their competitiveness within the industry and speeding up the process of substitution with domestically produced alternatives.

Competitive Landscape:

In China’s EPS (Electric Power Steering) industry, the competitive landscape is cha Competitive Landscape racterised by foreign-funded and joint-venture enterprises holding a dominant position, whilst domestic firms are rapidly catching up. Leveraging their first-mover advantage, the joint venture between Bosch and [company name] firmly holds the leading position in the domestic EPS market, commanding a significant market share. Meanwhile, domestic firms such as Automotive Systems Group Co., Ltd. are growing rapidly, hot on their heels and emerging as strong competitors in the market. Companies such as [Company Name] Co., Ltd. and Fu’ao Automotive Parts Co., Ltd. are also making continuous breakthroughs in securing supply contracts, constantly enhancing their competitiveness within the industry and accelerating the process of domestic substitution.