Global Power Steering Market Key Insights: [6.76%] CAGR Projected

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Published date: 24 Mar, 2025 05:20 PM
  • Location: Cologne
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Global Power Steering Market Key Insights: [6.76%] CAGR Projected
Global Power Steering Market Key Insights: [6.76%] CAGR Projected

According to the TechSci Research report, the global power steering market was valued at USD 29 billion in 2022 and is projected to grow at a CAGR of 6.76% from 2024 to 2028. The increasing demand for passenger vehicles, coupled with advancements in steering technology, is propelling market growth. Additionally, regulations aimed at improving fuel efficiency and reducing emissions are driving the adoption of EPS systems over traditional hydraulic systems. Automakers are integrating cutting-edge steering solutions to enhance driving experience, safety, and vehicle performance.

cLiCk tHe bElOw lInK To dOwNlOaD ThE FrEe sAmPlE RePoRt fOr iNsIgHtS.


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