Electric Power Steering Market Size Global Report, 2023

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2023-12-29 08:03:55 - Translate -

Electric Power Steering Market Size Global Report, 2023–2030

Electric power steering control device market is on a steady growth trajectory, expected to reach US$ 22,860 million by 2029, propelled by a CAGR of 5.4% from 2023 to 2029. This growth is fueled by several key factors: Increasing demand for fuel-efficient vehicles: Electric power steering (EPS) systems contribute to enhanced fuel efficiency by eliminating the hydraulic pump used in...

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