Electric Power Steering Market Analysis, Size, Share, Report 2027
The global electric power steering market is projected to reach a market size of USD 33.4 billion by 2027, growing at a CAGR of 5.4% from 2021 to 2027. Factors driving this growth include the implementation of stringent automotive safety regulations, increasing preference for vehicle electrification among OEMs and Tier I suppliers, demand for lighter and less complex vehicles, and the overall growth...
Electric Power Steering Market Size, Share, Report, Forecast 2027
The electric power steering market is estimated to grow at a CAGR of 5.4 % during the forecast period, to reach USD 33.4 billion by 2027. Increasing government norms related to air emission standards and fuel efficiency of vehicles are expected to drive the electric power steering market. The rising vehicle production, growing demand for advanced safety and convenience, and increased disposable incomes...
Electric Power Steering Market Analysis, Demand, Industry Growth and Forecast 2027
The Electric Power Steering Market
is projected to grow at a CAGR of 5.4% from 2021 to 2027, to reach a market
size of USD 33.4 billion by 2027 from USD 24.3 billion in 2021. The major factors
driving the growth of the electric power steering market are stringent
automotive safety and security norms introduced by the government, rising
preference of vehicle electrification among OEMs and Tier...