Heavy Commercial Vehicle EPS Market Size & Share 2025 - 2034
Market Size by EPS, by Vehicle, by Sales Channel, by Component, Growth Forecast.
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Market Size by EPS, by Vehicle, by Sales Channel, by Component, Growth Forecast.
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Starting at: $2,450
Base Year: 2024
Companies Profiled: 16
Tables & Figures: 190
Countries Covered: 21
Pages: 170
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Heavy Commercial Vehicle EPS Market
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Heavy Commercial Vehicle EPS Market Size
The global heavy commercial vehicle electric power steering (EPS) market was valued at USD 17 billion in 2024 and is projected to grow at a CAGR of 6.8% from 2025 to 2034.
Heavy Commercial Vehicle EPS Market Key Takeaways
Market Size & Growth
Key Market Drivers
Challenges
The electrification of heavy-duty transportation, increased driver comfort standards, and regulatory pressure for fuel efficiency are the significant factors driving growth of this market. Long-haul trucking and commercial freight operations benefit greatly from EPS systems precise steering control, lower maintenance costs, and lower energy consumption compared to traditional hydraulic steering systems. EPS adoption is increasing as fleet operators place a higher priority on operational effectiveness and vehicle uptime.
Additionally, as HCV manufacturers integrate advanced driver-assistance systems (ADAS) and semi-autonomous capabilities into their platforms, EPS becomes a foundational component-enabling feature such as lane-keeping assist and automated steering corrections. The market outlook remains promising as OEMs and Tier 1 suppliers focus on refining EPS technologies to meet the durability and performance needs of heavy-duty applications while supporting broader sustainability goals.
Electric power steering is quickly replacing hydraulic systems as the heavy commercial vehicle segment's preferred option as fleet operators and OEMs seek to lower emissions, streamline vehicle architecture, and increase energy efficiency. Additionally, OEMs have more platform integration flexibility due to its modular design, especially as the industry is now adopting the trend of electrification and autonomous driving.
In September 2024, Knorr-Bremse introduced its latest EPS solution for heavy commercial vehicles at the IAA Transportation show in Hanover. Compared to traditional hydraulic steering, the system uses up to 70% less energy and is designed with built-in redundancy for safety-critical applications. Knorr-Bremse claims that its scalable and small EPS unit is designed to be integrated into electric and hybrid trucks, providing fleet operators with operational and environmental benefits.
Beyond basic steering functionality, EPS plays a central role in enabling advanced driver-assistance systems (ADAS) in commercial trucks. Features like lane keeping, automatic centering, crosswind compensation, and road feedback modulation are made possible by its precise torque control and smooth sensor integration. By enabling partial automation of steering functions, these innovations improve overall vehicle safety and lessen driver fatigue, particularly when driving long distances and through crowded cities.
For instance, in January 2024, Volvo Trucks unveiled an enhanced version of its Dynamic Steering system at CES, showcasing it on the new-generation VNL. Real-time torque adjustments are provided by this system that helps combine EPS and intelligent steering logic, to help maintain lane position and lessen steering effort during tight turns. Volvo highlighted the improved system's effects on road safety and driver well-being by stating that it reduces driver input by up to 75% during low-speed operations.
Heavy Commercial Vehicle EPS Market Trends
Heavy Commercial Vehicle EPS Market Analysis
Based on EPS, the heavy commercial vehicle EPS market is segmented into column assist type, pinion assist type, rack assist type, and others. In 2024, the column assist type segment dominated the market, accounting for around 40% share and is expected to grow at a CAGR of over 6.2% during the forecast period.
Based on sales channel, the heavy commercial vehicle EPS market is segmented into OEM and aftermarket. In 2024, the OEM segment is dominated and held a share of approximately 80% due to the increasing demand for intelligent, sensor-driven, and compliant safety technologies.
Based on vehicles, the heavy commercial vehicle EPS market is segmented into heavy trucks, buses/coaches, construction vehicles, and others. In 2024, the buses/coaches segment held a significant share of the market with the market share of over 30%.
Based on Component, the heavy commercial vehicle EPS market is segmented into electronic control unit (ECU), steering column, electric motor, sensors, software and algorithms and others. In 2024, the electronic control unit (ECU) segment held a significant share of over 25% due to the increasing demand for intelligent, sensor-driven, and compliant safety technologies.
In 2024, the U.S. region dominated the heavy commercial vehicle EPS market with over 75% market share and generated around USD 4.3 billion in revenue.
The heavy commercial vehicle EPS market in Germany region is expected to experience significant and promising growth from 2025 to 2034.
The heavy commercial vehicle EPS market in the China in Asia-Pacific region is expected to experience significant and promising growth from 2025 to 2034.
The heavy commercial vehicle EPS market in the Mexico in Latin America region is expected to experience steady growth from 2025 to 2034.
The heavy commercial vehicle EPS market in the UAE in MEA region is expected to experience substantial growth from 2025 to 2034.
Heavy Commercial Vehicle EPS Market Share
Heavy Commercial Vehicle EPS Market Companies
Major players operating in the heavy commercial vehicle EPS industry are:
The heavy commercial vehicle electric power steering (EPS) market is evolving rapidly as fleet operators, OEMs, and policymakers are increasingly prioritizing driver safety, vehicle efficiency, and compatibility with advanced driver assistance systems (ADAS).
EPS helps reduce driver fatigue and enhances maneuverability, especially crucial in long-haul trucks, buses, and construction vehicles operating under high-load conditions by with the help of features such as speed-sensitive steering, torque overlay, and software-driven feedback calibration.
To remain competitive in the market landscape, major EPS suppliers are expanding their presence in key commercial vehicle production regions such as North America, Germany, and China. These regional R&D and manufacturing hubs helps in compliance with local regulatory standards and also work closely with OEMs, thus helping in better product innovation and development.
Heavy Commercial Vehicle EPS Industry News
The heavy commercial vehicle EPS market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($ Mn) and volume (Units) from 2021 to 2034, for the following segments:
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Market, By EPS
Market, By Vehicle
Market, By Sales channel
Market, By Component
The above information is provided for the following regions and countries:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
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The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →