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Electronic Power Steering Market Trends & Forecast 2024-2034
The global electronic power steering (EPS) market is projected to be valued at US$ 26.2 billion in 2024, growing at a 6.2% CAGR to reach US$ 43.9 billion by 2034. Rising concerns over fuel efficiency, CO₂ emissions, and vehicle performance are driving the shift from hydraulic systems to EPS, offering improved steering response and reduced vehicle weight.
Report ID
5522
Domain Name
Automotive
Format
PPT, PDF, WORD, EXCEL
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