In 2026, the Chinese automotive power steering pump market will undergo structural changes

Since 2026, driven by the "dual carbon" strategy and the comprehensive electrification and intelligent transformation of the automotive industry, the Chinese automotive power steering pump market has undergone profound structural changes. Traditional hydraulic power steering pumps (HPS) are accelerating their exit from the market, electric power steering (EPS) has become the absolute mainstream, and turn by wire (SBW) is leveraging advanced intelligent driving to enter the key node of large-scale production. Industry insiders point out that in the next five years, China's power steering pump market will undergo a complete transformation from "hydraulic dominance" to "electronic control leadership". While the market size steadily increases, the technological roadmap and competitive landscape will undergo a comprehensive restructuring.

Market data shows that the configuration rate of traditional hydraulic power steering pumps (HPS) in new passenger car models has dropped to less than 3.2% by 2024. With the gradual implementation of Euro 7 and China's National Emission Standard 7, national regulations will officially prohibit M1 new cars from being equipped with pure HPS systems from 2026, marking the end of HPS's application in the passenger car field. In sharp contrast, the EPS actuator market is showing explosive growth, with an expected market size of 32.1 billion yuan by 2026, accounting for 82.9% of the overall steering power pump market, a year-on-year increase of 18.7% compared to 2025. From the perspective of segmented fields, rack and pinion (R-EPS) has become the core engine of EPS market growth due to its fast response speed, large power torque, adaptability to luxury cars, new energy medium and large vehicles, and wire controlled steering transition needs. Its shipment volume in the first half of 2026 increased by 27.3% year-on-year; P-EPS, with its cost-effectiveness advantage, maintains a stable market share in the mid size and SUV markets, with a configuration rate of 68.5%.

As the ultimate technological form of steering system, steer by wire (SBW) completely eliminates the mechanical connection between the steering wheel and the steering wheel, and is an essential core executive component for the landing of L3 level and above advanced intelligent driving. The release of the new national standard GB17675-2025 in 2026 has completely cleared the compliance barriers for the mass production of SBW products, making it the hottest area of industry attention this year. Data shows that the SBW market size is expected to reach 930 million yuan in 2026. Although it is still in the early stages of commercialization, the average annual growth rate will be as high as 74.2%. It is expected that the market size will surge to 8.65 billion yuan by 2030. At present, overseas leaders such as Bosch and ZF have achieved small batch production of SBW, and domestic enterprises such as Zhejiang Shibao and Yubei Steering have also made technological breakthroughs, launching SBW prototype products adapted to L3 level intelligent driving, gradually breaking the monopoly of overseas technology.