The global automotive power steering pump market is experiencing significant transformation in 2026. According to Mordor Intelligence, the Electric Power Steering (EPS) motor market alone reached USD 10.12 billion in 2026 and is projected to grow to USD 12.99 billion by 2031 at a CAGR of 5.12% [1]. Grand View Research reports an even more aggressive trajectory for active power steering systems, valued at USD 11.78 billion in 2024 and expected to reach USD 25.15 billion by 2030 with a 13.5% CAGR [2].
For Southeast Asian exporters selling on Alibaba.com, this market dynamics presents a compelling opportunity. Platform data reveals the power steering pump category is classified as a star market with 3,862 active buyers—a 51.38% year-over-year increase—while seller count grew 11.89% to 121 suppliers. This widening supply-demand gap indicates strong buyer demand outpacing available suppliers, creating favorable conditions for new entrants who can demonstrate OEM-spec compatibility and reliable quality.
Global Power Steering Pump Market Comparison by Source
| Metric | Mordor Intelligence (2026) | Grand View Research (2024) | Key Takeaway for Suppliers |
|---|---|---|---|
| Market Size | USD 10.12B (EPS motors only) | USD 11.78B (active steering systems) | Different scope: EPS vs full system |
| Growth Rate (CAGR) | 5.12% to 2031 | 13.5% to 2030 | Active steering growing faster than EPS motors alone |
| Dominant Technology | EPS 70.31% share (2025) | Hydraulic 34% share (2023), EPS fastest growing | Hydraulic still significant for commercial vehicles |
| Fastest Growing Region | Asia-Pacific 54.55% share | Asia Pacific highest CAGR | Regional manufacturing hub advantage |
| Aftermarket Growth | 8.79% CAGR | Not specified | Strong replacement market opportunity |
The technology transition is accelerating. Electric Power Steering systems now account for over 70% of new vehicle production, driven by EV adoption and ADAS integration requirements. However, hydraulic power steering pumps remain dominant in heavy-duty commercial vehicles, trucks, and SUVs—segments where Alibaba.com sees sustained buyer demand from Southeast Asian markets targeting Middle East, Africa, and Latin America regions.

