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Global and China Passenger Car Intelligent Steering Market Report 2022: Steer by Wire (SBW) has not Seen Mass Production, but Domestic and Foreign Automakers and Suppliers are Deploying SBW Vigorously

/PRNewswire/ -- The "Passenger Car Intelligent Steering Industry Research Report, 2022" report has been added to ResearchAndMarkets.com's offering. Research on...

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Insights on the Electric Power Steering Global Market to 2026 - Key Forecast & Opportunities


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The Global Electric Power Steering Market is expected to grow at a CAGR of over 6%, in value terms. The major growth drivers for the market are the growing technological advancements, increasing vehicle sales & production and measures taken by OEMs worldwide to reduce the weight of the vehicle. Increasing number of government norms and mandates related to fuel-efficient technologies is positively impacting the growth of the market.
The Global Electric Power Steering Market can be segregated based on type, component, vehicle type and mechanism. In terms of regional analysis, APAC is projected to lead the electric power steering market during the forecast period due to growing vehicle production and highest fleet size in countries like China, India, etc. However, the North American and European electric power steering markets are expected to grow at a steady pace during the forecast period.

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