Electric Power Steering Market Growth, Size, and Forecast Report 2025-2033
The global electric power steering market size was valued at USD 29.62 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 45.30 Billion by 2033, exhibiting a CAGR of 4.59% from 2025-2033. Asia-Pacific currently dominates the market, holding a market share of over 50.5% in 2024. The rising demand for fuel-efficient vehicles, the growing adoption of electric and hybrid cars, the increasing implementation of government regulations promoting eco-friendly transportation, advancements in electric power steering technology, and the introduction of torque sensor systems represent some of the key factors driving the market.
Read More: https://www.imarcgroup.com...
The global electric power steering market size was valued at USD 29.62 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 45.30 Billion by 2033, exhibiting a CAGR of 4.59% from 2025-2033. Asia-Pacific currently dominates the market, holding a market share of over 50.5% in 2024. The rising demand for fuel-efficient vehicles, the growing adoption of electric and hybrid cars, the increasing implementation of government regulations promoting eco-friendly transportation, advancements in electric power steering technology, and the introduction of torque sensor systems represent some of the key factors driving the market.
Read More: https://www.imarcgroup.com...
Electric Power Steering Market Size, Share and Report 2033
The global electric power steering market size reached USD 29.62 Billion in 2024 and grow at a CAGR of 4.59% to reach USD 45.30 Billion by 2033.
https://www.imarcgroup.com/electric-power-steering-market
11:23 AM - Mar 06, 2025 (UTC)
