The Global Electric Power Steering Market size is expected to grow at an annual average of 5.43% during 2021-2027. The electric power steering market is primarily driven by factors such as the growing demand for autonomous vehicles and the demand for a green environment. In addition, increasing investment in research and development of new technologies is expected to penetrate market growth in various countries during the forecast period. The adoption of electric power steering systems in commercial vehicles is expected to mean tremendous growth in power steering systems during the forecast period.
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A full report of Global Electric Power Steering Market is available at: https://www.orionmarketreports.com/electric-power-steering-market/44608/
The following Segmentation are covered in this report:
By Electric Motor
- Brush motor
- Brushless motor
By Application
- Passenger Cars (PC)
- Commercial Vehicles (CV)
By Off Highway Application
- Construction equipment
- Agricultural equipment
By Electric Vehicle
- BEV
- PHEV
- HEV
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
