Global Electric Power Steering (EPS) System Market Assessment, By Component [Steering Column, Sensor, Pinion and Rack, ECU, Electric Motor, Others], By Vehicle Type [Passenger Cars, Commercial Vehicles], By Electric Motor Type [Brushed DC Motor, Brushless DC Motor], By Type [C-EPS, P-EPS, R-EPS], By Mechanism [Collapsible EPS, Rigid EPS), By Region, Opportunities and Forecast, 2017-2031F

Electric Power Steering Market is projected to witness a CAGR of 6.96% during the forecast period 2024-2031, growing from USD 23.82 billion in 2023 to USD 40.81 billion in 2031.

Electric Power Steering Market Size Global Report, 2031

Global Electric Power Steering (EPS) System Market Assessment, Opportunities and Forecast, 2017-2031F

Technological advancements, increased demand for comfort, and autonomous vehicle demand are anticipated to propel global electric power steering (EPS) system market growth during the forecast period.

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