Electric Power Steering Market Share, Size, Trends, and Growth 2025-2033
The electric power steering (EPS) market is growing due to rising demand for fuel-efficient vehicles, reduced vehicle weight, and seamless integration with ADAS features. OEMs are increasingly adopting EPS over hydraulic systems for their efficiency and reduced complexity. Rack-assist EPS (R-EPS) is the fastest-growing segment, particularly in commercial vehicles. Collapsible EPS systems are also gaining traction for enhanced safety. North America dominates, with ongoing R&D driving innovation.
Read More: https://www.imarcgroup.com...
The electric power steering (EPS) market is growing due to rising demand for fuel-efficient vehicles, reduced vehicle weight, and seamless integration with ADAS features. OEMs are increasingly adopting EPS over hydraulic systems for their efficiency and reduced complexity. Rack-assist EPS (R-EPS) is the fastest-growing segment, particularly in commercial vehicles. Collapsible EPS systems are also gaining traction for enhanced safety. North America dominates, with ongoing R&D driving innovation.
Read More: https://www.imarcgroup.com...
10:42 AM - May 29, 2025 (UTC)
