Electric Power Steering Market By Type, By Component, By Electronic Motor Type, By Mechanism, By Vehicle Type, By Geographic Scope and Forecast
Posted July 3, 2020 by jennysmith22119
Electric Power Steering Market was valued at USD 22.05 Billion in 2018 and is projected to reach USD 38.10 Billion by 2026, growing at a CAGR of 7.22% from 2019 to 2026.
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Electric power steering (EPS) operates by an electric motor to steer the wheel while hydraulic power steering uses a pump that is integrated with an oil tank. The usage of the pump in hydraulic power steering continually places a load on the vehicle’s engine, which in turn affects the fuel consumption and vehicle performance. Power steering systems provide the torque which is applied to the steering wheel to drive the vehicle.
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| Contact Email | [email protected] |
| Issued By | vmr |
| Country | United States |
| Categories | Business |
| Tags | electric power steering market |
| Last Updated | July 3, 2020 |