Dual Pinion Type Electric Power Steering System Dp Eps Market is Projected to Reach 55.67 USD Billion by 2032 | Magna, Bosch, Hyundai Mobis among Key Players

According to the latest release by Wise Guy Reports, Dual Pinion Type Electric Power Steering System Dp Eps Market Size was estimated at 27.05 (USD Billion) in 2023 and it is expected to grow from 29.31(USD Billion) in 2024 to 55.67 (USD Billion) by 2032. The Dual Pinion Type Electric Power Steering System Dp Eps Market CAGR (growth rate) is expected to be around 8.35% during the forecast period (2025 - 2032).

The automotive industry is rapidly transitioning toward electrification and advanced driver assistance systems (ADAS), creating new demands for precise, responsive, and energy-efficient steering systems. One such technology that has gained momentum is the Dual Pinion Type Electric Power Steering (DP-EPS) system. Designed to offer superior control, scalability, and fuel efficiency, DP-EPS has become a preferred solution, especially for mid-size and large passenger vehicles, including electric SUVs and commercial vans

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Market Trends

1. Rising Adoption in Electric and Hybrid Vehicles

The growth of electric and hybrid vehicles is directly influencing the adoption of advanced steering systems. With heavier vehicle architectures due to battery packs, traditional hydraulic or even single-pinion EPS systems struggle to deliver the necessary torque and control. DP-EPS offers a more robust and scalable solution, making it a natural fit for EVs and HEVs. Its electric-only operation aligns perfectly with the green transportation movement, offering improved energy efficiency and lower emissions.

2. Enhanced Driving Experience and Safety

Modern consumers expect a seamless and adaptive driving experience. DP-EPS systems provide smoother steering feel, better feedback, and high precision even under varying road conditions. Additionally, DP-EPS is more compatible with safety and driver-assistance features like lane-keeping assistance, adaptive cruise control, and automatic emergency steering. These advantages are crucial as OEMs race to integrate advanced ADAS and semi-autonomous functionalities.

3. Cost-Efficient Alternative to Rack EPS

While Rack Assist EPS (REPS) systems are typically used in larger vehicles, DP-EPS provides a compelling, cost-effective alternative. It offers similar performance in terms of load handling while reducing packaging complexity and overall system cost. For manufacturers aiming to balance performance and economics, DP-EPS offers a middle ground between lower-cost single pinion systems and higher-end rack-based systems.

4. Environmental and Maintenance Benefits

One of the key advantages of DP-EPS is its elimination of hydraulic components. With no need for hydraulic fluids or pumps, the system reduces environmental waste and contributes to cleaner vehicle manufacturing. Moreover, the all-electric nature of DP-EPS simplifies vehicle maintenance, providing long-term cost benefits to fleet operators and individual users alike.

Key Players in the DP-EPS Market

Major players in the Dual Pinion Type Electric Power Steering System Dp Eps Market industry are continuously striving to gain a competitive edge by enhancing their product offerings and expanding their market presence. The global DP-EPS market is marked by the presence of several established companies that are continuously investing in R&D, modular system designs, and technological integration.

Key Companies in the Dual Pinion Type Electric Power Steering System Dp Eps Market Include:

• Magna
• Hyundai Mobis
• Hyundai Wia
• Bosch
• THK
• NSK
• Denso
• Showa
• Nexteer Automotive
• Mitsuba
• JTEKT
• Thyssenkrupp Presta
• Robert Bosch
• Mando
• ZF TRW
• Continental

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Regional Analysis

Asia-Pacific

The Asia-Pacific region leads the global DP-EPS market in terms of production and adoption. Countries like China, Japan, and South Korea are home to several major automotive OEMs and suppliers actively investing in electric mobility. The robust manufacturing infrastructure and favorable government policies supporting EV development contribute significantly to the region’s dominance. As the EV ecosystem expands, DP-EPS systems are expected to become the standard in new vehicle models across this region.

Europe

Europe is witnessing accelerated demand for advanced and eco-friendly automotive technologies. Strict emission regulations and high consumer demand for safety and performance are driving the uptake of DP-EPS in passenger vehicles. German, French, and Scandinavian OEMs are investing in next-generation steering solutions that align with their broader electrification goals. The presence of premium automotive brands also drives innovation and early adoption of DP-EPS systems.

North America

North America’s automotive market is characterized by strong demand for full-size vehicles, including trucks and SUVs, which benefit from DP-EPS technology due to higher steering loads. Additionally, the region’s focus on reducing CO2 emissions and improving vehicle safety is prompting automakers to adopt electric power steering technologies across vehicle categories. Ongoing investments in autonomous vehicle development further enhance the market potential for DP-EPS in this region.

Rest of the World

While the DP-EPS market is still emerging in Latin America, the Middle East, and Africa, rising vehicle production and demand for modern automotive technologies are expected to create growth opportunities. Countries like Brazil, South Africa, and the UAE are gradually increasing their EV infrastructure and automotive technology footprint, which will support the spread of DP-EPS systems in the coming years.

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Recent Developments

Modular Architecture Innovations

Manufacturers are focusing on modular DP-EPS designs that can be adapted across multiple vehicle platforms. This not only reduces production costs but also streamlines design integration for automakers. Such modular systems are particularly appealing for EV startups and traditional OEMs launching new electric models.

AI and Software Integration

DP-EPS systems are increasingly being integrated with AI algorithms to enhance predictive control, driver feedback, and safety responses. AI-powered systems can analyze driving behavior, road conditions, and vehicle dynamics in real-time, leading to smarter steering adjustments and better user experiences.

High-Output Systems

As vehicles grow in size and weight, especially in the commercial EV sector, manufacturers are launching high-output DP-EPS systems that deliver greater torque and durability. These systems are being tested and rolled out in electric delivery vans, urban buses, and mid-size electric trucks.

Strategic Partnerships

Several OEMs and Tier 1 suppliers are entering strategic partnerships to co-develop DP-EPS technologies. These collaborations aim to accelerate time-to-market, reduce R&D expenses, and ensure faster adaptation to regulatory and customer requirements.

The Dual Pinion Type Electric Power Steering (DP-EPS) market is poised for sustained growth as the global automotive industry embraces electrification, automation, and sustainability. Its ability to handle higher loads, integrate with ADAS, and deliver precise steering performance makes it a highly attractive solution for future mobility. With continued innovation from key industry players and growing regional demand, DP-EPS is set to become a cornerstone technology in the next generation of passenger and commercial vehicles.

Market Research Insights in Other Languages;

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