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Electronic Power Steering Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type ; Application

The electronic power steering (EPS) market is expected to grow from US$ 52,692. 31 in 2019 to US$ 54,933. 16 million by 2027; it is estimated to grow at a CAGR of 3. 6% from 2020 to 2027. Growing demand for electronically assisted steering systems in vehicles, owing to the strict guideline announced by the governments for fuel-efficiency is one of the major factors driving the market growth.New York, Jan. 25, 2021 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report "Electronic Power Steering Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type ; Application" - https://www.reportlinker.com/p06010049/?utm source=GNW Furthermore, growing production of vehicles as well as escalating preference for smooth driving experience and high comfort is boosting the demand for electronic steering systems worldwide.Presently, the majority of light-duty vehicles are well equipped with gasoline-powered spark-ignition-engine powertrains that tend to have hig ....

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