Automotive Electric Power Steering Market to Reach USD 43.0 Billion...

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2026-06-09 16:50:33 -

Automotive Electric Power Steering Market to Reach USD 43.0 Billion by 2031 as ADAS Integration and EV Adoption Accelerate Growth

The global Automotive Electric Power Steering (EPS) market is witnessing steady growth as vehicle manufacturers increasingly focus on enhancing safety, fuel efficiency, and driving comfort. Valued at US$ 27.5 billion in 2022, the market is projected to reach US$ 43.0 billion by the end of 2031, expanding at a CAGR of 5.0% during the forecast period from 2023 to 2031. The growing automotive...

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