Electric Power Steering Market Size, Trends, and Growth Analysis 2025-2033
The EPS market is expanding due to government mandates for fuel efficiency, OEM efforts to reduce vehicle weight, and increasing global vehicle production. North America and Europe are mature markets, while Asia-Pacific is experiencing the fastest growth. Trends include the increasing adoption of rack EPS in commercial vehicles and the rising use of collapsible EPS systems for enhanced safety.
Read More: https://www.imarcgroup.com...
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The EPS market is expanding due to government mandates for fuel efficiency, OEM efforts to reduce vehicle weight, and increasing global vehicle production. North America and Europe are mature markets, while Asia-Pacific is experiencing the fastest growth. Trends include the increasing adoption of rack EPS in commercial vehicles and the rising use of collapsible EPS systems for enhanced safety.
Read More: https://www.imarcgroup.com...
#marketresearch #business #marketstatistics
#MarketAnalysis #markettrends
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
10:51 AM - Jun 26, 2025 (UTC)
